As bullish momentum picks up in the crypto market, top analysts are spotlighting four standout assets they believe could lead the next major altcoin rally: XRP , Kaspa (KAS) , Solana (SOL) , and the rising newcomer MAGACOINFINANCE (MAGA) . With strong fundamentals, technical strength, and surging community interest, these coins are fast becoming must-watch plays for traders and investors. XRP: Riding Legal Wins and Institutional Demand After Ripple’s own legal battle against the U.S. in a ruling victory, XRP has captured many headlines. SEC. XRP Trading Above $2.21 Sees Whale Accumulation. According to data from Santiment, XRP whale accumulation has reached extreme levels. Moreover, large whale holders now control over 12% of the cryptocurrency’s circulating supply. Analysts are looking at price targets of $3, $4.85, and perhaps $6.22. XRP’s future is looking good. Although it is a little volatile in the short term, it may likely reach Ethereum’s market cap if it runs at the current pace for a couple of weeks. Kaspa (KAS): Underrated Gem With BlockDAG Innovation Kaspa is gaining recognition as one of the top proof-of-work networks in the market. The KAS price forecast shows strong support around $0.55, and there is resistance near $0.083. Thus, the price is likely to push towards $0.11 later in the year. For Q3 and Q4 monthly prediction remains positive, the high volume of trading is consistent and also a growing developer ecosystem. Analysts keep an eye on Kaspa as a potential dark horse in the next bull cycle. Solana (SOL): Technical Powerhouse on the Rise Solana is making a comeback, currently trading at $169.43, after easing from the April dip to $115. The technical indicators are suggesting that buyers are in control. It has an RSI of 73.70, MACD crossover is bullish, and the price action is above the 100-day and 200-day EMAs. Experts in the industry are aimed at a target price range of $180–$200 in the short term and can even rise to $350–$370 in the long term, should momentum and ecosystem growth continue. MAGACOINFINANCE: The Breakout Contender While the majors hold attention, MAGACOINFINANCE is turning heads as one of the most explosive early-stage plays on the market. With over $8 million raised in presale, a price under $0.001 , and a $0.007 target listing price , MAGACOINFINANCE offers an eye-catching 25x–36x ROI potential . Early buyers using the MAGA50X bonus code receive an additional 50% token bonus , amplifying upside. Analysts point to MAGACOIN’s scarcity-driven model, independent audit, and surging community as signs it could become a breakout star in the next altcoin cycle. As the crypto market prepares for its next wave, XRP, Kaspa, Solana, and MAGACOINFINANCE stand out as key contenders to lead the charge. Together, they reflect the perfect mix of established strength and emerging opportunity — making them top picks for the next altcoin cycle. To learn more about MAGACOINFINANCE, please visit: Website: https://magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Continue Reading: Analyst Predicts XRP, KASPA, and Solana Could Dominate the Next Altcoin Cycle
Tether-backed Twenty One Capital purchases $458.7 million worth of Bitcoin $BTC #Bitcoin
The U.S. Securities and Exchange Commission (SEC) has delayed its decision on Grayscale's proposed spot Solana ETF, extending the review period amidst heightened scrutiny on cryptocurrency-based exchange-traded funds. The SEC has up to 240 days to make a final decision, setting a deadline for October. In addition to the Solana ETF, the SEC has also postponed decisions on other cryptocurrency ETFs, including a spot Litecoin ETF from Grayscale and a proposed rule change for in-kind creation and redemption by the iShares Bitcoin Trust. The SEC's delay on these proposals reflects ongoing regulatory considerations in the cryptocurrency market. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
Tether has purchased 4,812 Bitcoin for $458 million, marking a significant investment in the cryptocurrency. This acquisition, executed at an average price of $95,300 per Bitcoin, is part of Tether's strategy ahead of launching its new Bitcoin treasury company, Twenty One, in collaboration with Jack Mallers. The Bitcoin acquired will be used to fund Twenty One, which is set to launch via a planned merger with Cantor Equity Partners, announced on April 22, 2025. This move has pushed Tether's total Bitcoin holdings past 100,000 BTC. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
CoinShares, a digital asset investment firm with offices in the United States and Europe, said its net profit fell to $24 million in the first quarter of 2025, a 42.2% decrease from the same period a year ago. Although CoinShares’s profits and EBITDA remained positive in Q1 2025, the margins declined compared to the same period in 2024. Last year, CoinShares posted a net profit of $41.5 million and an EBITDA of $35.5 million in the first three months. Year-over-year, CoinShares’s net profit dropped 42.2% and its EBITDA fell 15.5%. The firm’s ETPs contributed to the quarter's performance. For Q1 2025, CoinShares’s ETPs saw net inflows of $268 million, with $202 million coming from its Physical Bitcoin (BITC) ETP. Revenue related to assets under management increased from $24.5 million to $29.6 million, a rise of 20.8%. Year-to-date, CoinShares’s stock is down 9.4%, according to Google Finance. CoinShares disclosed a $30 million EBITDA in Q125, despite market turbulence. Source. CoinShares In a letter to shareholders, the company's CEO, Jean-Marie Mognetti, said macroeconomic headwinds during the quarter exceeded market movements. “What we are witnessing is not mere market volatility — it is a wholesale transformation of the global economic order.” According to Mognetti, Ether's underperformance over the quarter led to $23 million in outflows from its CoinShares Physical Staked Ethereum ETP (ETHE). "Due to broader market corrections — including a 12.1% decline in Bitcoin prices — assets under management (AuM) fell 10.7%, closing Q1 at $1.52 billion.” Related: Robinhood beats Q1 estimates despite revenue, crypto trading dip Crypto companies show mixed results during market upheaval The first wave of Q1 2025 earnings from crypto firms suggests a broadly negative quarter, with revenue declines across sectors. Coinbase revenue, for instance, fell 10% quarter-over-quarter in Q1 2025, as transaction revenue plummeted 19% to $1.3 billion. Kraken, another US-based cryptocurrency exchange, saw its revenue decline 7% from Q4 2024. Michael Saylor’s Bitcoin treasury company, Strategy, also missed Wall Street's estimates, alongside Bitcoin miner Core Scientific . The quarter was marked by high volatility across financial markets after US President Donald Trump unleashed global tariffs on trade partners, dragging the BTC price to lows of $78,000 over the period. Ether ( ETH ) also experienced a significant pullback. Magazine: Financial nihilism in crypto is over — It’s time to dream big again
Thailand’s Finance Ministry announced that it will issue a new digital investment token worth 5 billion baht (about $150 million) within the next two months following cabinet approval. Finance Minister Pichai Chunhavajira announced at a press conference on Tuesday that this new asset is called “G-Token.” G-Token will be a digital token that will be used to raise public funds under the current budget borrowing plan. However, according to the General Manager of Debt Management, Patchara Anuntasilpa, this token does not qualify as a debt instrument. Related News: Analysis Firm Warns: This Bitcoin Bull Run Is Very Different From Previous Ones The new digital asset push comes after Thaksin Shinawatra, the father of Thai Prime Minister Paetongtarn Shinawatra and de facto leader of the ruling Pheu Thai Party, called in January for stablecoins backed by government bonds. Thailand is among Asian countries that are changing their policy toward digital assets by 2025, with U.S. President Donald Trump’s pro-crypto approach also having an impact on the region-wide shift. Minister Pichai stated that investors can invest with low amounts with G-Token and earn higher profits than banks' deposit interest rates. While 12-month deposit interest rates in banks in Thailand are currently between 1.25% and 1.5%, the Bank of Thailand's policy rate was lowered to 1.75% in April. This rate stands out as the lowest level in the last two years. *This is not investment advice. Continue Reading: A First in History: This Country Will Launch Its Own Cryptocurrency
On Tuesday afternoon, bitcoin appreciated by 2.6% against the U.S. dollar, brushing up against the $105,000 threshold. At the same time, a broad array of altcoins outpaced the leading cryptocurrency: ETH gained 8.5%, SOL advanced 5.9%, and DOGE registered a 4.8% increase. Bitcoin’s Macro Role Grows as Bitfinex Cites ‘Increasingly Favourable’ Sentiment The broader crypto
Yuga Labs, the innovative company behind the Bored Ape Yacht Club (BAYC), has offloaded the CryptoPunks NFT collection from its portfolio. As reported by The Block, Yuga Labs offloaded the CryptoPunks to the Infinite Node Foundation (NODE), a nonprofit that focuses on protecting digital art. Benefits of Yuga Labs’ CryptoPunks Sale Notably, this sale follows community criticism of Yuga Labs’ recent project and concerns about how they manage the CryptoPunks brand. Likewise, the sale marks a huge change in the CryptoPunk NFT ownership. While the details of the deal are not public, Yuga Labs said the sale aims to protect and maintain the cultural significance of the CryptoPunks series for the long term. Meanwhile, NODE acquired CryptoPunks to secure its future as a public digital art asset. They plan to work with major museums and art institutions worldwide. The foundation aims to include NFTs in global art spaces, showing that they are not just collectibles but also part of contemporary art history. Notably, NODE is creating an advisory council to help guide its management. This council will include Matt Hall and John Watkinson, co-founders of Larva Labs, Wylie Aronow, founder of Yuga Labs, and Erick Calderon, founder of the generative art platform Art Blocks. The council will provide guidance and oversight as NODE works to keep the collection’s cultural integrity intact. Yuga Labs’ Dominance Yuga Labs acquired the IP rights to 423 CryptoPunks NFTs from Larva Labs in March 2022 for an undisclosed amount. At that time, the collection’s floor price was around 65ETH. Despite a 37% decline in ETH-dominated floor price since then, the value of Ether has risen over 24%, providing some cushion to the collection’s overall valuation. Recall that the floor price of CryptoPunks spiked 13% within three hours on January 14. This spike came amidst rumors that Yuga Labs plans to sell the IP rights associated with the collection. It is worth noting that Yuga Labs has remained a key player in the NFT ecosystem. BAYC holds the third position in market value among NFTs , further cementing Yuga’s dominance. In February 2024, Yuga Labs saw a leadership change as co-founder Greg Solano returned as CEO, replacing Daniel Alegre. Solano’s tenure included a series of layoffs , restoring the company’s creative-first ethos amidst shifting market dynamics. The post Yuga Labs Sells CryptoPunks IP to Infinite Node Foundation appeared first on TheCoinrise.com .
Nvidia’s rumored Bitcoin investment could enhance its market appeal and align with forward-thinking investors, but remains speculative. Bitcoin’s potential as an inflation hedge might offer Nvidia a strategic financial move,
London-based asset management firm Abraxas Capital purchased nearly $500 million worth of Ethereum (ETH) in just six days, according to on-chain data. According to a post by on-chain analytics platform Lookonchain based on Arkham Intelligence data, the company has acquired an additional 33,482 ETH (approximately $84.7 million) in the last 12 hours, bringing the total to 211,030 ETH (approximately $477.6 million). Lookonchain also stated that Abraxas Capital borrowed 240 million USDT via Aave prior to these acquisitions and deposited these funds into Binance. Related News: Billionaire Entrepreneur Tim Draper Reveals His Predictions for the Future of Bitcoin - “The Price of BTC in 2025...” Presto Research analyst Min Jung said, “ETH had lagged behind BTC throughout the year. However, we see some confidence returning after the Pectra update. The ETH/BTC parity had fallen 40 percent since the beginning of the year to 0.02 levels, and it is not surprising that buyers stepped in at these levels.” LVRG Research Director Nick Ruck stated in his statement that the Pectra upgrade triggered an increase in prices and made the following assessment: “With positive macroeconomic news, investors have begun to believe that the crypto industry can once again be a haven from market uncertainty. The end of the negative trend in altcoins and the reemergence of risk appetite are changing investor sentiment.” *This is not investment advice. Continue Reading: Is This the Reason Behind Ethereum’s Big Rally? A $500 Million ETH Purchase Is on the Table