Coindesk

Solana (SOL) saw a sharp pullback after touching a high of $163.65, shedding nearly 6% before recovering to trade above $157 by Tuesday morning. The price action reflects heightened market volatility as bulls and bears vie for control near key psychological levels.Despite the correction, institutional interest in SOL appears undeterred. Canary Capital’s recent filing for a spot Solana ETF and the launch of WalletConnect’s token on the network underscore the growing adoption of the ecosystem. On-chain data also supports this narrative, with rising daily active addresses and a 26% increase in transaction volumes.Analysts remain cautiously optimistic, with some pointing to $165 as the next resistance level to watch. Long-term projections remain bullish, bolstered by Solana’s expanding developer base and ecosystem...

CoreWeave’s (CRWV) stock surged 25% on Tuesday and climbing another 5% pre-market, bringing its year-to-date gains to a staggering 276%, following news of a $7 billion infrastructure deal with Applied Digital. The AI cloud-computing startup signed two 15-year lease agreements with Applied Digital for 250MW of IT load at the Ellendale, North Dakota data center campus.The first 100MW will go live in Q4 2025, followed by a 150MW facility in mid-2026. CoreWeave also holds options for up to 300MW of additional capacity. Applied Digital’s Ellendale campus is designed to host 400MW of critical IT load and over 1GW of power capacity is under review. CEO Wes Cummins hailed the agreement as a major step in cementing Applied Digital’s role in...

Dogecoin (DOGE) surged 2.4% over the past 24 hours, climbing from $0.192 to $0.197 as institutional buyers appeared to step in amid global economic uncertainty. The token’s breakout above the $0.194 resistance level highlights renewed confidence in the meme coin’s potential as a hedge against broader market volatility.The surge was accompanied by a $20 million DOGE transfer to Coinbase, signaling potential major market moves.News BackgroundThe recent surge in Dogecoin comes amid renewed interest in meme coins and shifting institutional dynamics. A $20 million DOGE transfer to Coinbase has raised speculation about whale or institutional accumulation. The growing on-chain activity and major token transfers highlight DOGE’s liquidity and potential institutional appeal even as broader markets remain unsettled.Price-ActionTechnical analysis shows DOGE in...

Crypto markets are giving no return opportunities for intraday traders, but long-term market watchers say the market is in a coiled spot and key levels are to be monitored for moves on either side.Bitcoin BTC hovered just above $105,000 on Wednesday, showing a steady rise from earlier in the week. Ether ETH, Cardano’s ADA ADA, dogecoin DOGE and XRP XRP showed returns under 1%. Overall market capitalization declined 1.8%.Nick Ruck, director at LVRG Research, said the market’s shift in sentiment reflected a sense that trade tensions, and that the drag on risk assets may have been priced in.“While the U.S. economy shows signs of contraction, investors are optimistic on tech, especially on the future outlook of Bitcoin as institutions continue...

Bitcoin BTC holders have increased their profit-taking activity since the cryptocurrency's price averages flashed a key bullish signal two weeks ago.BTC's 50-day simple moving average (SMA) crossed above its 200-day SMA on May 22, confirming a golden cross – a technical indicator signaling bullish long-term momentum, according to data from TradingView. On the same day, bitcoin's price hit a record high above $111,000, according to CoinDesk data.Still, holders are increasingly locking in gains rather than holding for further upside, according to on-chain data tracked by Glassnode."Entity-adjusted realized profit spiked above $500M/hour three times in the past 24 hours, signaling intense profit-taking activity," Glassnode said on X on Tuesday.The entity-adjusted realized profit represents the total USD profit of all coins that...