Synthetix contributors have released a proposal to acquire options protocol Derive through a token swap deal involving 29.3 million SNX with a lock-up and vesting period, valued at approximately $27 million. On May 14, the DeFi protocol declared its intention to acquire one of its former ecosystem projects, decentralized options platform Derive. At the moment, the proposal is still awaiting review from the Synthetix’s governing DAO, the Spartan Council, and Derive governance before it can be executed. “This acquisition accelerates Synthetix’s push towards a leading Ethereum mainnet perps engine, by integrating Derive’s capabilities and team into the core protocol,” wrote the protocol in its recent blogpost. Outlined within the new SIP-415, the acquisition would take the form of a structured token swap at a ratio of 27:1. This means that for every 27 DRV tokens, holders would receive 1 SNX ( SNX ) under a three-month lock and a nine-month linear vesting period upon token distribution. As part of the deal, Synthetix will issue 29.3 million new SNX tokens, valued at $27 million. SNX has been experiencing a week-long rally, surging more than 45%, according to data from crypto.news. At press time, the token has gone up $0.84, reaching its highest peak at $0.96. It is inching closer to the $1 mark, especially after soaring by nearly 50% in the past month. Price chart for Synthetix’s native token SNX in the past few hours, May 14, 2025 | Source: crypto.news You might also like: Crypto staking firm Figment eyes $100m to $200m acquisition deals with ‘smaller providers’ So far, the token’s market cap stands at $316 million. In the past 24 hours, SNX daily trading volume has jumped only slightly, increasing by 1% compared to the previous day. The acquisition of Derive could potentially lead to the protocol launching its own dedicated derivatives exchange on the ecosystem. This is because the protocol would be acquiring not only members of the Derive team, but also its technology, which facilitates CLOB perpetuals with on-chain settlement acceleration. According to the blogpost, the integration of Derive’s options trading infrastructure into Synthetix is poised to rival other major derivatives-offering platforms such as Hyperliquid, Binance , Deribit, and dYdX. Founder of Synthetix, Kain Warwick, said the proposed acquisition of Derive is part of the protocol’s effort to reunite scattered projects under the Synthetix ecosystem. He explained that Derive was “born from the same DNA,” as it had originally emerged from Synthetix under the name Lyra. The protocol had previously acquired other projects that were once under Synthetix, including perpetual futures platform Kwenta and token leveraging project TLX. “Reuniting under one banner simplifies our architecture and governance and unlocks the next phase. This is the kids going out to build their own successful start-ups, and coming back to join the family business,” said Warwick. You might also like: Kraken acquires NinjaTrader as Q1 2025 revenue jumps 19% year-on-year
Just like the rest of the market, the Solana price had previously hit a roadblock as resistance mounted. This stopped its recovery dead in its tracks before hitting the $180 level, and triggering a downward spiral. However, a crypto analyst has cautioned investors against panicking during this time, explaining that this is the time to be patient. Wait For More Defined Trends In a TradingView post, crypto analyst SiDec explained the current situation surrounding the Solana price, warning investors to not be in a hurry to enter into the coin. They points out that at this level, where the Solana price has hit resistance, it presents a lot of risk for those rushing to get into the market. Related Reading: Why The US-China 90-Day Tariff Slash Can Push Bitcoin Price Above $110,000 As explained, $175-$183 are historical resistance zones for the altcoin, so it is no surprise that investors are choosing these levels to exit after the recent market dump. Additionally, smart money is also looking for liquidity at these levels, and the Solana price is prone to false breakouts due to this development. When it comes to trading Solana, the crypto analyst explains that investors must wait for one of two things to happen. Either there is a pullback in the Solana price and it falls toward a “confluence-rich support zone” or wait for a clean breakout above the resistance at $183, as well as a retest and confirmation. With the current trend, the analyst identified the two key zones for the Solana price now. The first lies at $179.85, which was recently tested, and then $180.52, which is yet to be tested. The latter, at $180.52, holds the key as a break above this level would be the confirmation needed for a strong bullish continuation. Solana Price Completes Elliot Wave Count Another interesting development for the Solana price that the crypto analyst points out is the fact that the altcoin has completed a 5-wave sequence. The Elliot Wave Theory comes in only five waves and with the completion, it could mean that the bull rally is over for the Solana price. The next thing that could happen from here is that the price continues to correct, before confirmation leads to a bullish continuation. Related Reading: Bitcoin Price Targets $110,000 All-Time High After Consolidation Trend Ends The formation of the Fib Speed Fan pattern, as pointed out by the analyst, also suggests that the price could correct further from here. “The 0.618 Fib Speed Fan — drawn from the all-time high at $295.83 to the swing low at $95.26 — aligns perfectly with this resistance zone, adding more weight to the idea of a potential rejection or pause,” the analyst wrote. Given these developments, the crypto analyst has preferred possible entry points for long ad short positions. For bulls going long, the $165.42-$164.25 level could offer opportunity. While for short traders, the best setup shows a reversal play and entry at $200. Featured image from Dall.E, Chart from TradingView.com
Etoro announced the pricing of its upsized initial public offering (IPO) of 11,923,018 Class A common shares at a public offering price of $52.00 per share. The IPO is expected to raise approximately $620 million, reflecting a strong market interest in Etoro’s digital asset trading services. The shares are expected to begin trading on the
Key Takeaways : MANTA price faces bearish pressure toward $0.33. Our Manta price forecast expects Manta price to surge to a maximum level of $3.6 in 2025. In 2030, Manta price prediction expects Manta price to record a maximum level of $22.28. Launched in September 2023, Manta Network gained significant attention within the cryptocurrency community after its token generation event, leading to trending status on major coin aggregators and news outlets. Beyond the initial buzz, Manta Network presents innovative technology through a modular zero-knowledge (ZK) rollup for Ethereum , featuring Solidity smart contracts and a decentralized identity layer one network focusing on compliance. This article will explore the details of the Manta Network and examine potential future price movements of its native token, $MANTA, to provide a comprehensive MANTA price prediction. Overview Cryptocurrency Manta Network Ticker Symbol MANTA Price $0.332 Price Change 24H -2.9% Market Cap $112.28 Million Circulating Supply 412.39 Million MANTA Trading Volume 24H $28.11 Million All-Time High $4.08 All-Time Low $0.55 Manta Price Prediction: Technical Analysis Metric Value Current Price $0.332 Price Prediction $0.841897 (230.3%) Fear & Greed Index 73 (Greed) Sentiment Neutral Volatility 11.96% Green Days 17/30 (57%) 50-Day SMA $0.226972 200-Day SMA $0.545922 14-Day RSI 58.09 MANTA Price Analysis: Manta faces bearish decline after rejecting $0.35 MANTA price analysis shows bearish pressure after rejecting $0.35 Resistance for Manta is at $0.353 Support for MANTA/USDT is at $0.289 Manta price analysis 1-day chart: Buyers failed to meet bullish goals above resistance lines Analyzing the daily price chart of the MANTA token, Manta price met a bearish decline as it faced selling pressure after surging toward $0.35. Bears are now aiming for a consolidation around the support channels at EMA trend lines. The 24-hour volume surged to $4.95 million, showing a surge in interest in trading activity today. Manta is trading at $0.332, declining by over 2.9% in the last 24 hours. Manta price chart The RSI-14 trend line has surged from its previous level and currently hovers around 69, showing that bulls are still controlling momentum of the price. The SMA-14 level suggests volatility in the next few hours. Manta/USDT 4-hour price chart: Bulls aim for a hold above EMA lines The 4-hour Manta price chart suggests MANTA continues to face bearish activity near EMA lines, creating a negative sentiment on the price chart. Buyers aim for a surge by sending the price above the EMA20 trend line. MANTA price chart The BoP indicator trades in a negative region at 0.63, hinting that buyers are trying to build pressure near support levels and boost an upward correction. However, the MACD trend line has formed small green candles above the signal line, and the indicator aims for positive momentum, strengthening bullish positions. Manta Price Prediction: Levels and Action Daily Simple Moving Average (SMA) Period Value Action SMA 3 $0.205998 BUY SMA 5 $0.213115 BUY SMA 10 $0.230355 BUY SMA 21 $0.231496 BUY SMA 50 $0.226972 BUY SMA 100 $0.304525 SELL SMA 200 $0.545922 SELL Daily Exponential Moving Average (EMA) Period Value Action EMA 3 $0.212978 BUY EMA 5 $0.206784 BUY EMA 10 $0.207378 BUY EMA 21 $0.224724 BUY EMA 50 $0.291772 SELL EMA 100 $0.421156 SELL EMA 200 $0.632265 SELL What to expect from Manta price analysis next? The hourly price chart confirms that bears are making efforts to prevent the Manta price from an immediate surge. However, if the Manta price successfully breaks above $0.353, it may surge higher and touch the resistance at $0.434. MANTA Chart on TradingView If bulls cannot initiate a surge, Manta’s price may drop below the immediate support line at $0.289, resulting in a correction to $0.256. Is MANTA a good investment? Manta’s rapid rise in DeFi TVL charts and alignment with Ethereum ‘s scaling roadmap via technologies like Manta Pacific suggest $MANTA’s potential. Grants support its ecosystem growth, and it leads in ZK technology adoption, promising for blockchain ‘s future. However, regulatory concerns over transaction privacy could affect its long-term viability, potentially impacting ZK protocols like $MANTA. Overall, Manta is a good investment if you want a profitable return in the long term. Why is the Manta price down today? Manta price has triggered a strong bearish rally toward the low of $0.33. This occurred after buyers failed to hold the momentum around $0.35. Will Manta price recover? If bulls hold the price above $0.3, we might see a strong recovery toward immediate resistance channels. Will Manta price reach $10? In recent months, the Manta network expanded its offerings and established multiple partnerships. If buying demand continues to increase in the coming years, its price might surpass the $10 mark. Will Manta reach $100? Depending on the current market sentiment, the MNT price might take several years to reach the $100 milestone. We expect the Manta price to achieve $100 by 2060. Will Manta reach $1000? $1000 is a distant dream for Manta price. However, if everything remains in favor of the altcoin market, we might even see the MNT price hitting $1K. Is Manta a good long-term investment? Investors are bullish on Manta, which has gained significant attention in recent months. If developers continue to build robust utilities for Manta and the roadmap fulfills user demand, it can be a good long-term investment option. Recent MANTA news/ opinions Kenny Li, one of the co-founders of Manta Network, was recently almost tricked by a phishing scam carried out by the well-known hacking group Lazarus. He talked about the incident in a post on X (formerly Twitter) on Friday, describing how he came very close to being caught but managed to avoid it just in time. MANTA price prediction May 2025 If the altcoin market witnesses a surge in buying pressure this month, we might see a rebound in the MANTA price. In May, we expect Manta’s price to record a minimum of $0.17 and a maximum of $0.37. The average price is expected to be around $0.25. Manta Price Prediction Potential Low Potential Average Potential High Manta Price Prediction May 2025 $0.17 $0.25 $0.37 Manta price prediction 2025 Due to the impact of Bitcoin’s halving, Bitcoin and leading altcoins could reach new highs in 2025. However, some believe the event’s predictability changes because of crypto’s current popularity. Technical analysis indicates that in 2025, Manta Network is expected to reach a minimum price of $0.15. The MANTA token might attain a maximum price of $3.60, while the average trading price is $1.5. Manta Price Prediction Potential Low ($) Potential Average ($) Potential High ($) Manta Price Prediction 2025 0.15 1.5 3.60 Manta price predictions 2026-2031 Year Minimum Price ($) Average Price ($) Maximum Price ($) 2026 4.23 4.38 5.19 2027 6.25 6.43 7.60 2028 8.55 8.81 10.75 2029 12.96 13.31 15.02 2030 17.94 18.60 22.28 2031 22.83 24.66 28.58 MANTA Price Prediction for 2026 Ethereum upgrades will benefit Manta Network as it advances toward a rollup-based model. With growing interest in privacy tech like ZK solutions, Manta Network is poised to grow, likely increasing its token value. In 2026, Manta Network will have a minimum price of $4.23. The MANTA token is expected to reach a maximum price of $5.19, with an average price of $4.38. Manta Price Prediction 2027 By 2027, Manta Network is predicted to have a minimum value of $6.25. It may reach a maximum value of $7.60, with an average trading price of $6.43. Manta Network Price Prediction 2028 Through a detailed technical analysis of past price data, Manta Network is estimated to reach a minimum price of $8.55 in 2028. The token could see a maximum price of $10.75, with an average trading price of $8.81. Manta Price Prediction 2029 In 2029, the minimum expected price for one Manta Network token is projected to be $12.96. The maximum price could reach $15.02, with an average trading price of $13.31. Manta Price Prediction 2030 For 2030, the Manta price prediction is a minimum of $17.94. According to our research, the MANTA token could achieve a maximum of $22.28, with an average forecast price of $18.60. Manta Price Prediction 2031 In 2031, the minimum expected price for one Manta Network token is projected to be $22.83. The maximum price could reach $28.58, with an average trading price of $24.66. Manta price prediction 2025-2031 Manta Network Price Prediction: Analysts’ MANTA Price Forecast Firm Name 2025 2026 Coincodex $7.92 $9.5 DigitalCoinPrice $4.28 $6.87 Changelly $3.92 $5.55 Cryptopolitan’s Manta Price Prediction At Cryptopolitan, we are bullish on Manta’s price prediction as it flashes bullish on-chain signals amid growing buying demand. Investors are keenly watching the Manta Network market to discern potential movements in its future price trends and analyze changes in Manta Network’s price. Technical analysis indicates that in 2025, Manta Network is expected to reach a minimum price of $0.15. The MANTA token might attain a maximum price of $3.60, while the average trading price is $1.5. Manta Historic Price Sentiment Manta Historic Price Sentiment January 18, 2024: MANTA launched on the open market at approximately $2.24. January 22, 2024: Price rose steadily, exceeding $2.70 before retracting to $2.40. Bullish Rebound: The following months showed a strong upward trend, with MANTA reaching an all-time high of $4 in March. April Decline: Momentum faded, and the price declined below $2. In May, the price of Manta rebounded and is aimed for a retest of the $2 mark. In recent weeks of June, MNT price declined heavily and dropped below the $1 mark. In July, Manta price continued its bearish move as it settled below the $1 mark. In August, the price of Manta surged toward $0.86; however, it later dropped toward $0.6. In September, Manta surged toward the $0.97 high only to face a rejection. In October, the price of Manta surged toward $0.85; however, it failed to maintain that momentum. In November, the MANTA price surged above $1.2 and is currently maintaining above that level. In December, Manta price dropped toward the low of $0.82. Though Manta started 2025 on a bullish note, it failed to hold its momentum. As a result, the price lost its $1 mark and crashed toward the low of $0.28 in early March. By the end of March, the price dropped further below $0.2. In April, the price surged toward the high of $0.25 but it later dropped.
South Korea’s leading cryptocurrency exchange Upbit has officially listed Nexspace (NXPC) in trading pairs with the Korean won (KRW), Bitcoin (BTC), and Tether (USDT), expanding access to the native token of the MapleStory Universe blockchain ecosystem. Upbit Lists Nexspace (NXPC) on KRW, BTC, and USDT Trading Pairs NXPC is the utility token of Henesys L1. Henesys L1 is the mainnet supporting MapleStory Universe, a blockchain-based virtual world based on the iconic intellectual property of Nexon’s globally beloved game MapleStory. The token supports multi-chain functionality via Avalanche C-Chain, enabling scalable and efficient transactions across decentralized applications. MapleStory Universe is Nexon’s ambitious Web3 initiative to bring gaming and digital ownership together. NXPC plays a central role in enabling in-game transactions, governance, and interactions across the Henesys L1 ecosystem. As a core part of the MapleStory Universe, NXPC leverages MapleStory’s established brand and broad player base, having built a strong fan base across Asia and the world for over two decades. Upbit’s decision to list NXPC on multiple pairs reflects the growing institutional interest in gaming-related crypto assets and Nexon’s Web3 expansion. Offering KRW, BTC, and USDT pairs, Upbit provides accessibility for both domestic and international investors. The listing is expected to increase NXPC’s liquidity and user adoption, especially among Korean gamers and crypto enthusiasts looking to participate in the MapleStory metaverse economy. With this move, Upbit continues to be at the forefront of crypto innovation, particularly at the intersection of the gaming and blockchain ecosystems. *This is not investment advice. Continue Reading: South Korea's Leading Cryptocurrency Exchange Upbit Releases New Listing Announcement! Here's the Latest Listed Altcoin
Bitcoin Miners Reverse Selling Trend: A Sign of Optimism In a notable shift, Bitcoin miners appear to be reversing a lengthy selling trend, suggesting a potential turning point for BTC
Key points: Bitcoin miners have stopped selling their BTC in what may signal the end of a lengthy distribution streak. Over the past month, miner wallet balances have increased by around 2,700 BTC. Hash Ribbons data shows good times continuing for both miners and BTC price strength. Bitcoin ( BTC ) accumulation by miners is back as network participants swap selling for hodling at $75,000 lows. Data from onchain analytics firm Glassnode shows that miners are now actively adding to their BTC reserves. Bitcoin miners buck months of selling Bitcoin hitting multimonth lows in April sparked a sea change in miner behavior, with a lengthy selling streak reversing into significant accumulation. Glassnode shows that shortly after BTC/USD bottomed just below $75,000, the balance in miner wallets itself found a floor, only to then start increasing along with price. Miner wallets held 1,794,622 BTC on April 12, while as of May 13, they had reached 1,797,330 BTC — an increase of 2,708 BTC or 0.15%. BTC balance in miner wallets. Source: Glassnode While minimal in terms of total miner holdings, the about-turn is conspicuous as it follows a run of selling which initially gained momentum in late 2023. This, in turn, has led to optimism over the BTC price trajectory. “Extremely bullish for Bitcoin!” popular trader and investor Mister Crypto summarized in part of a reaction on X, referencing similar data from onchain analytics platform CryptoQuant. Miners have stopped selling. Extremely bullish for Bitcoin! pic.twitter.com/bLuCM5GMgL — Mister Crypto (@misterrcrypto) May 14, 2025 Earlier, Cointelegraph reported on decreasing miner sell-side pressure helping contribute to price trend, with institutional buy volumes dwarfing the amount of mined BTC per day. 📊MARKET UPDATE: #Bitcoin miner selling pressure is at its lowest since 2024. A low value implies that miners are holding their coins and are not increasing the $BTC supply in the current market, which is positive for the price. (h/t: @Alphractal ) pic.twitter.com/M6iMz7jReT — Cointelegraph Markets & Research (@CointelegraphMT) May 10, 2025 Hash Ribbons deliver classic BTC bull signal A classic metric covering miner behavior meanwhile continues to display classic performance since its latest “buy” signal. Related: Bitcoin illiquid supply hits 14M BTC as hodlers set bull market record Hash Ribbons, created by quantitative Bitcoin and digital asset fund Capriole Investments, uses two moving averages of hashrate to delineate periods of “capitulation” among miners. BTC/USD 1-day chart with Hash Ribbons data. Source: Capriole Investments Since offering its last market entry tip in late March , BTC/USD has gained around 20%. “The hash ribbons are still flashing a buy signal here,” Mister Crypto commented in a post on the phenomenon this week, predicting BTC price to “go much higher in May.” Bitcoin Hash Ribbons data. Source: Mister Crypto/X This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Ethereum observed an unexpected price surge, achieving a 50% increase to $2,700. Transaction fees dropped significantly, enhancing network accessibility and investor attraction. Continue Reading: Ethereum Surges Dramatically as Fees Fall and Investors Gather The post Ethereum Surges Dramatically as Fees Fall and Investors Gather appeared first on COINTURK NEWS .
The post BitMart’s Slippage Protection Plan: Deep Dive into the Logic Behind Full Compensation for Trading Risks appeared first on Coinpedia Fintech News Jersey City, NJ, May 13, 2025 – BitMart, a leading global digital asset exchange, has introduced its groundbreaking Slippage Protection Plan, which aims to tackle one of the most challenging and often overlooked risks in the crypto market: slippage. This new initiative offers traders full compensation for slippage losses caused by market volatility, liquidity issues, or technical disruptions during USDT-margined perpetual contract trades. But what lies behind this bold move? Let’s explore the core logic and the underlying factors that make BitMart’s approach to slippage compensation stand out in the industry. Understanding the Impact of Slippage on Trading Strategies Slippage occurs when a trade’s executed price deviates from the expected price. This phenomenon is particularly common in fast-moving, volatile markets or in low-liquidity environments. In leveraged trading—such as with perpetual contracts—the effect of slippage is even more pronounced. For example, a 0.5% slippage in a position leveraged 50 times can magnify losses by up to 25%, directly impacting profitability. This makes slippage a critical concern for active traders, particularly those using high-leverage positions, as it can dramatically alter trade outcomes, especially during times of market turmoil. In the context of perpetual contracts, which are heavily reliant on leverage, slippage can lead to significantly reduced returns or even cause substantial losses. The common practice of applying high leverage—sometimes exceeding 50x—compounds the issue, as even a minor price deviation can result in outsized effects on overall profit or loss. For traders engaged in high-frequency trading (HFT) or short-term strategies, the impact of slippage can be magnified further, creating an urgent need for a safety net. The Logic Behind BitMart’s Slippage Protection Plan: Why Full Compensation? The plan offers compensation for slippage losses (slippage > 0.05%) caused by platform technical or liquidity issues. Users can apply for compensation by submitting trading records and real-time price proof, with compensation being reviewed and issued within as little as one hour. Additionally, to support new users, the plan offers a special benefit of 200% slippage compensation in the first month (up to 1,000 USDT), helping users build trading confidence during their initial experience. The decision to set the 0.05% threshold for compensation is a carefully considered one, designed to balance risk and user protection. This figure reflects the real impact of slippage on trade outcomes in highly volatile market conditions. It ensures that users can trade with confidence, knowing they won’t face small but significant losses due to uncontrollable factors. By providing compensation for slippage exceeding this threshold, BitMart proactively addresses the issue, fostering trust and security in the platform. The underlying logic of this full compensation model is rooted in BitMart’s user-first philosophy. By removing the financial uncertainty caused by slippage, BitMart allows traders to focus on executing their strategies, rather than worrying about the vagaries of market movements or platform instability. This proactive approach not only enhances the trading experience but also strengthens the platform’s competitive edge. BitMart’s Technological Edge: Precision and Liquidity Management A key factor in minimizing slippage is the precision and reliability of the trading engine. BitMart’s advanced trading engine and liquidity management systems play a crucial role in reducing the occurrence of slippage. The platform utilizes its Contract 2.0 system to ensure smoother order execution and greater market depth, thereby improving trade accuracy and minimizing discrepancies between expected and executed prices. Moreover, BitMart’s deep liquidity pools ensure that orders are executed efficiently, even in volatile market conditions. The ability to handle larger volumes and mitigate liquidity gaps contributes significantly to the reduction of slippage, giving traders a more reliable and stable trading environment. BitMart’s comprehensive risk management and precision-engineered execution mechanisms offer a higher level of confidence, allowing users to trade in a more secure and predictable manner. Enhancing Transparency and User Confidence BitMart’s Slippage Protection Plan is part of a broader strategy aimed at creating a transparent and user-centric trading ecosystem. By offering full compensation for slippage, BitMart is setting a new standard for user protection, one that fosters greater trust and loyalty among traders. This initiative not only addresses the immediate concerns of traders but also encourages long-term platform engagement by ensuring that users are not unfairly penalized for factors beyond their control. A Unique Selling Point for BitMart in a Competitive Market In an increasingly competitive cryptocurrency landscape, BitMart’s Slippage Protection Plan highlights the platform’s strong commitment to safeguarding user interests. This plan is specifically designed to reduce trading risks and protect user capital, effectively addressing the core concerns of active traders for security and stability. By offering slippage loss compensation (for slippage > 0.05%) and exclusive benefits, such as up to 200% slippage reimbursement in the first month, BitMart not only provides reliable trading protection but also prioritizes long-term user success over short-term rewards. This user-centric approach strengthens the platform’s trust and reputation among its growing user base. Looking Ahead: A New Era of Secure and Confident Crypto Trading The Slippage Protection Plan is now live, and traders can immediately benefit from this added layer of security. With this plan, BitMart is not only addressing one of the most critical risks in leveraged trading but also setting new standards in user protection and market fairness. As the platform continues to innovate and adapt to the evolving needs of its global user base, BitMart remains committed to providing a safe, transparent, and user-centric trading environment. About BitMart BitMart is a premier global digital asset trading platform with more than 10 million users worldwide. Consistently ranked among the top crypto exchanges on CoinGecko, BitMart offers over 1,700 trading pairs with competitive fees. Committed to continuous innovation and financial inclusivity, BitMart empowers users globally to trade seamlessly. Learn more about BitMart at Website , follow their X (Twitter) , or join their Telegram for updates, news, and promotions. Download BitMart App to trade anytime, anywhere.
Bitcoin (BTC/USD) is hovering near $103,733, consolidating gains just above the key 23.6% Fibonacci retracement level at $103,400. While the broader market remains steady, a string of institutional developments suggests a brewing storm beneath the surface. The recent inclusion of Coinbase (COIN) into the S&P 500 marks a historic milestone. With analysts at Bernstein projecting up to $16 billion in inflows—$7 billion from active funds and $9 billion from passive index tracking—crypto’s presence on Wall Street has never been stronger. Cathie Wood praised Coinbase’s inclusion in the S&P 500, calling it a major step for crypto’s legitimacy in traditional finance. In a post on X, she congratulated CEO Brian Armstrong and said the move will force index-sensitive managers to consider the stock, even though ARK… pic.twitter.com/huM6hGme4S — Benzinga (@Benzinga) May 13, 2025 “Crypto is here to stay,” said Coinbase CEO Brian Armstrong, reinforcing Bitcoin’s potential for broader financial integration. Israel's eToro seeks to raise up to $620 million in upsized US IPO – Reuters on https://t.co/orvmA6Wqwk Full Story → https://t.co/rnqVeqPe21 — PiQ (@PiQSuite) May 14, 2025 Meanwhile, Israeli broker eToro aims to raise $620 million through its Nasdaq IPO, pricing shares at $52 apiece . Backed by underwriters like Citi and Goldman Sachs, the listing underscores growing investor interest in regulated crypto platforms, adding further legitimacy to the sector. ETF Scare Reveals Bitcoin’s Sensitivity; Bitcoin Recovers Bitcoin’s temporary spike last month—sparked by a false ETF approval tweet from a hacked SEC account —highlighted just how reactive markets are to regulatory news. The man behind the SIM swap attack, Eric Council Jr., faces sentencing this week. JUST IN: THE US GOVERNMENT RECOMMENDS A 2-YEAR PRISON SENTENCE FOR ERIC COUNCIL JR., WHO HACKED THE SEC'S X ACCOUNT TO POST A FAKE BITCOIN ETF APPROVAL ANNOUNCEMENT IN JANUARY 2024. Source: @cointelegraph https://t.co/Tyzz8a7hj6 pic.twitter.com/R1baaG1rka — Mario Nawfal’s Roundtable (@RoundtableSpace) May 13, 2025 Though his actions had no long-term impact on BTC pricing, the incident underscores vulnerabilities in the information pipeline and how they can briefly move billions. Despite regulatory risks, sentiment is buoyed by softer U.S. inflation data. CPI came in at 2.3% YoY, below estimates, boosting expectations for two Fed rate cuts this year. This puts pressure on the U.S. dollar and supports Bitcoin’s bullish structure heading into summer. Bitcoin Technical Outlook: Key Levels to Watch Bitcoin price prediction remains bullish as BTC remains in an ascending trendline above the 50-period EMA at $101,553, maintaining short-term bullish momentum. The MACD histogram is flattening, suggesting consolidation, but no bearish divergence has formed yet. Key Levels: Buy Zone: $102,500–$103,000 on dips Target 1: $105,700 Target 2: $107,000 Stop Loss: Below $101,500 A breakout above $105,716 could trigger momentum toward $108,000 and reopen discussion around $120,000—a level some bulls are now whispering as Wall Street’s crypto exposure ramps up. BTC Bull Token Crosses $5.70M as 73% Staking Yield Captivates Crypto Investors BTC Bull Token ($BTCBULL) continues to attract strong investor interest, now surpassing $5.70 million in funds raised as it approaches its $6.69 million presale cap. With its current price holding at $0.00251, BTCBULL is positioning itself as a high-yield staking solution rather than just another meme coin, delivering tangible utility amid rising market volatility. Flexible Staking Model Offers 73% APY, No Lockups What sets BTCBULL apart is its flexible staking architecture, offering investors an estimated 73% annual yield—with no lockup periods or exit penalties. In an environment where most DeFi staking protocols require long-term commitments, BTCBULL’s model allows participants to earn rewards while maintaining liquidity, appealing to both cautious and active crypto traders. This agility has resonated with yield-seeking investors looking to participate in the 2025 crypto cycle without being bound by rigid staking conditions. Current Presale Stats: USDT Raised: $5,703,683.87 / $6,690,863 Token Price: $0.00251 per BTCBULL Total Staking Pool: 1,432,976,427 BTCBULL Estimated Yield: 73% annually With less than $1 million remaining before the next price tier is triggered, the presale is entering its final stretch. This limited-time window is prompting renewed urgency among prospective investors. BTCBULL ’s real-world utility and DeFi-friendly staking structure continue to set it apart in a crowded altcoin market. As more investors search for passive income opportunities in crypto, BTCBULL’s hybrid model of meme coin appeal with DeFi mechanics could solidify its role as a standout performer in 2025. The post Bitcoin Price Prediction: Can BTC Hit $120,000 This Month, as Crypto Goes Wall Street? appeared first on Cryptonews .