Jupiter token, powering the biggest dApp on Solana, rose more than 11% during this rally, benefiting from ecosystem growth. Jupiter (JUP) , the biggest DEX aggregator on Solana (SOL) , is taking advantage of the latest market rally. On Thursday, May 7, the token was up 11.83%, reaching $0.4622, driven by both market momentum and ecosystem growth. Altcoin momentum has started to pick up, as Bitcoin (BTC) broke above the $100,000 mark. The Altcoin Season Index reached its highest level since February, with 33 out of the top 100 altcoins in the green over the past 30 days. Altcoin season index by day | Source: CoinMarketCap Notably, Jupiter was not among the best performers during that period. In fact, it was one of the worst, losing 44% of its value over the past 90 days. Still, the strength of Solana’s ecosystem—where Jupiter continues to maintain dominance, is fueling renewed optimism. Jupiter rises on Solana DeFi Growth Part of the reason why Jupiter is recovering is thanks to the growth of Solana’s DeFi ecosystem. The surge coincided with Solana’s DEX volume breaking $800 billion so far in 2025. While more than half of this volume was in January, trading volumes remained consistent so far this year. You might also like: Solana price target: Expert predicts $180–$200 breakout This benefits Jupiter, which maintains a dominant position among Solana-based applications. So far in 2025, its DEX aggregator has accounted for 42%, or $334 billion, of all DEX volume on the chain. Raydium was a distant second, handling 23.48% of the total. Top DeFi applications on Solana by year | Source: Top Le dger Moreover, Jupiter controls 95% of the market share among DEX aggregators on Solana. As the most popular DeFi app in the ecosystem, Jupiter is well positioned to benefit from Solana’s continued recovery and expanding user base. If ecosystem growth persists, the JUP token is likely to follow. Read more: LIBRA’s collapse becomes Solana’s biggest scandal since FTX: How Jupiter and Meteora left retail rekt
U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce announced that the agency is exploring a potential exemption order that would allow companies to use distributed ledger technology (DLT) to issue, trade and settle tokenized securities. The announcement was made on the penultimate day of the SEC's 31st International Securities Market Growth and Development Institute. Commissioner Peirce said it was important to modernise regulatory frameworks to accommodate innovation without compromising investor protection. The proposed exemption would allow companies to operate in a controlled environment, similar to international “regulatory sandboxes”, to test new trading systems and technologies. Tokenization, which involves formatting traditional securities like stocks and bonds as cryptocurrency assets on a blockchain, is a key focus area for the SEC’s evolving crypto oversight. According to Peirce, limited trading venues and regulatory uncertainty have discouraged the wider adoption of tokenized securities. A conditional exemption could break this cycle and provide regulatory relief to firms while ensuring market integrity and risk disclosure. Related News: BREAKING: Coinbase Announces It Will List a New Altcoin - Both for Spot and Futures Such exemptions could still require firms to adhere to anti-fraud standards, maintain records, and undergo SEC oversight. Additional requirements could be placed on custody services and trading limits to mitigate risks. Successful implementation by firms could lead to increased flexibility over time, Peirce said. Calling for both local innovation and international collaboration, Peirce encouraged global regulators to collaborate on cross-border sandbox initiatives. “Regulatory balancing act is not a solitary exercise,” Peirce said, touting the benefits of coordinated innovation to strengthen global capital markets. The SEC has not yet formalized the exemption and is awaiting feedback from industry stakeholders as it considers next steps. *This is not investment advice. Continue Reading: SEC’s Bitcoin Bull Member Hester Peirce Announces Positive New Development for Cryptocurrencies
The leading cryptocurrency is trading at $101,200, with a quiet rise. Bitcoin is predicted to rise to $124,000 by 2025. Continue Reading: Cryptocurrency Climbs as Bitcoin and Ethereum Gain Ground The post Cryptocurrency Climbs as Bitcoin and Ethereum Gain Ground appeared first on COINTURK NEWS .
The post Ethereum Reclaims $2,000, But Weak MVRV Ratio Signals Bearish Turn: Will Bears Dominate ETH Price? appeared first on Coinpedia Fintech News The Federal Reserve decided not to change interest rates on May 7, keeping them at 4.25% to 4.50%. This made crypto assets more appealing to investors. As a result, the market is rising today, with Bitcoin hitting $100,000. Ethereum is also going up, but experts believe STHs might soon sell to take profits. This is backed by a decline in key on-chain activity, which could lead to a price reversal soon. ETH’s MVRV Ratio to Trigger Reversal In the past 24 hours, the crypto market has seen a strong surge. Bitcoin has climbed back to the $100,000 level, which it last reached in February. Ethereum also rose above $2,000, recovering from losses linked to earlier tensions between the U.S. and China. According to Coinglass, more than $175 million worth of Ethereum positions were liquidated during this period. Of that, buyers closed $27 million in positions, while sellers saw $148 million in forced liquidations. The rise in Ethereum’s price also led to an 18% jump in open interest, now totaling $24.8 billion. Also read: Altcoin Season is Here: XRP, ADA, SUI, ETH Rally Ethereum’s recent gains are partly due to increased interest from large investors since April. CoinShares reported two straight weeks of money flowing into Ether-based ETFs. Some also believe the Pectra upgrade, launched on May 7, helped boost the price. The current buying demand in the crypto market might not last long. Data from IntoTheBlock shows the MVRV ratio has dropped to 0.888, meaning many investors are selling at a loss even though prices are rising. This kind of panic selling could encourage more selling and lead to a downturn. Still, some major players (“smart money”) are buying. Wintermute made large purchases in the last 24 hours, possibly to benefit from the surge and earn market-making fees. Similarly, Lookonchain reported that Abraxas Capital withdrew over 41,000 ETH (worth $75M) from Binance and Kraken. Despite the price rise, nearly half of all Ethereum wallets, about 65.5 million, are still holding at a loss. What’s Next for ETH Price? Sellers are having a hard time pushing Ether below its moving averages, which suggests there’s not much pressure to sell during the upward rally. Buyers are holding the price around immediate resistance line. As of writing, ETH price trades at $2,048, surging over 13% in the last 24 hours. Buyers may use this as a chance to break through the resistance at $2,109. If they succeed, the ETH/USDT pair could gain momentum and head above the $2,500 level. There’s a smaller hurdle at the immediate 23.6% Fib level, but it’s expected to be overcome. On the flip side, sellers will likely try to drag the price below the moving averages. If that happens, ETH could drop to $1,734. Buyers will probably step in there, but if they can’t hold that level, the price might fall further to key support at $1,542. As the RSI trades within the overbought region at level 78, ETH price is poised for a short-term downward correction.
Pepe Coin, a top Ethereum meme coin, soared and crossed a crucial resistance level as its spot volume and futures open interest jumped. Pepe ( PEPE ) token jumped to a high of $0.000010, its highest level since February 18, and 65% above its lowest level this year. The 24-hour volume soared by 140% to $1.20 billion, higher than other popular meme coins like Shiba Inu ( SHIB ), Bonk ( BONK ), and Floki ( FLOKI ). Its futures open interest also soared to $475 million, the highest point since January. Pepe Coin price jumped as the crypto fear and greed index moved to the greed zone, following Bitcoin’s ( BTC ) move above $100,000. Most altcoins continued rising, with Bitcoin moving above the psychological point at $2,000. You might also like: Trump Coin price prediction: Will it rise or fall after the exclusive dinner? The rally happened after the Federal Reserve left interest rates unchanged and embraced a wait-and-see approach. Also, it rallied after Coinbase acquired Deribit , one of the biggest players in the futures and options industry. Internally, there are signs that Pepe investors are not dumping their tokens as exchange balances have dropped. All tokens on exchanges dropped slightly in the last seven days and currently stand at 255.16 trillion, down from 255.2 trillion last week. Pepe price technical analysis Pepe price chart | Source: crypto.news The coin’s surge also happened for technical analysis. As we wrote here and here , Pepe Coin formed a giant falling wedge pattern in the first quarter. This pattern comprises two descending and converging trendlines and often leads to a bullish breakout. Most recently, Pepe price formed a double-bottom pattern at $0.0000057. It has now jumped above the neckline at $0.0000095. The distance between the double-bottom and the neckline is about 62%. Measuring the same distance from the neckline brings the Pepr Coin price target at $0.00001545, up by 55% above the current level. A drop below the support at $0.0000759 will invalidate the bullish outlook. You might also like: Can EOS crypto hit $1 ahead of the final stage of Vaulta rebrand?
Arizona has made history as the second U.S. state to establish a strategic Bitcoin [BTC] reserve, marking a significant shift in cryptocurrency adoption. This groundbreaking legislation illustrates Arizona’s commitment to
US Regulator Clears Banks to Trade Customers' Crypto Held in Custody | Revolut to Launch Bitcoin Lightning Payments in Europe Using Lightspark | Stripe Expands Stablecoin Accounts to Over 100 Countries, Doubling Global Reach
Uniswap price surged sharply as the crypto market erupted on May 8, with the decentralized exchange’s native token spiking 17% to hit its highest level in two weeks. With cryptocurrencies in upward mode as Bitcoin ( BTC ) reclaimed the $100,000 mark, Uniswap ( UNI ) soared above $5.50. The gains had Uniswap in vertical mode amid a spik in daily volume, with the altcoin seeing more than $214 million traded in the past 24 hours to represent a 70% increase. Bitcoin’s rally to $100,000 could provide new momentum. However, analysts at market intelligence platform Santiment caution that it could be a “double-edged sword.” “On one hand, retail FOMO can add a bit of extra fuel to this rally as major media outlets spam Bitcoin’s 3-month milestone and bring in many new entries to the space. On the other hand, we typically see rallies put on the brakes when there is an overwhelming amount of calls related to ‘higher’ or ‘above’ (in relation to crypto) like we’re seeing now,” Santiment posted on X . Although UNI gains align with the broader market’s uptick catalyzing bullish sentiment, tailwinds include the recent Ethereum Pectra upgrade . Read more: What tariff shock? Bitcoin surges past $100k as market recovery continues Pectra, a major update for Ethereum and the first since Dencun in March 2024, introduces several important features for the network. The 11 included improvement proposals enhance user experience via smart accounts and delegation, upgrade staking mechanics, and improve layer 2 integration. Unichain ’s rapid rise as a go-to platform for the Uniswap community also supports the bullish case. The Uniswap team announced on May 7 that Pectra’s activation ensures all 7,702 smart wallets on the network are now fully supported on the Uniswap web app. Per DeFiLlama data , Unichain has become one of the top chains in the decentralized exchange ecosystem. Latest data shows the DEX’s volume of $1.99 billion over the past week. The weekly change of +14% outpaces that of Etthereum, Solana and Base among others in the same period. In the past 24 hours, Unichain’s volume stands at over $354 million , accounting for most of the daily volume for Uniswap V4. As well as Unichain’s growth in terms of user accounts and total transactions, the Uniswap platform itself is seeing a notable flip. The total value locked on Uniswap is around $4.27 billion. You might also like: Uniswap price could surge as Unichain flips Ethereum, Polygon, Sei in key metrics
Eric Trump confirmed to Bloomberg that former President Donald Trump owns a substantial amount of Bitcoin, describing it as "digital gold" and expressing bullish sentiment about its future growth. Eric Trump also stated that he personally owns a significant quantity of Bitcoin and predicted exponential growth for the cryptocurrency. Additionally, it was reported that Trump's largest on-chain holding is Ethereum. At the TOKEN2049 conference in Dubai, Eric Trump emphasized the importance of Bitcoin and warned that banks that do not adopt Bitcoin could become obsolete within a decade. Furthermore, David Bailey, a crypto advisor to Trump, is reportedly in discussions to launch a Bitcoin investment company. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
It almost felt inevitable today that bitcoin will eventually break past the coveted $100,000 milestone and after a brief hesitation, the asset has soared to a new multi-month peak above $101,000. The altcoins have followed suit with massive price gains from the likes of PEPE, SUI, FARTCOIN, and many others. BTCUSD. Source: TradingView CryptoPotato reported earlier today that BTC had risen to $99,700 amid reports that China and the US will have talks later this week in Switzerland in regards to striking a tariff deal. Later, Trump teased a big announcement for tomorrow that will involve the UK. BTC stood close to the six-digit entry territory for almost the entire day and was stopped there at first. However, the asset flew past it an hour ago and kept surging to a new three-month peak of over $101,000. Recall that just a month ago the primary cryptocurrency struggled below $80,000 and even dumped to a 2025 low of under $75,000 amid the darkest hours of the Trade War. Now, though, bitcoin’s realized cap has marked another all-time high, while the break above $100,000 could be different than previous such increases. VIRTUAL and PENGU lead the daily gains from the top 100 alts, with price surges of 36% and 33%, respectively. PEPE , SUI, and FARTCOIN follow suit by charting 20-25% daily jumps. Even Ethereum has soared by double digits in the past 24 hours, and managed to break past $2,000 for the first time in well over a month. The total value of liquidations on a daily scale is up to $580 million, according to CoinGlass. The majority, expectedly, comes from short positions (almost $500 million). The total number of wrecked trades is above 145,000. Liquidations Heat Map. Source: CoinGlass The post $500M in Shorts Liquidated as Bitcoin (BTC) Blasts Above $101K appeared first on CryptoPotato .