Crypto News

SOL, the native cryptocurrency of the Solana programmable blockchain has staged a sharp four-week rally, surging 85% since April 7 — more than double the pace of bitcoin (BTC) — and large options traders are positioning for further gains.The token climbed to around $176 in recent days as crypto and traditional markets embraced a greater degree of risk. Bitcoin, the leading cryptocurrency by market value, has climbed 40%, CoinDesk data show.The gains are unlikely to reverse in the near future, if block traders — primarily institutions and market participants that execute large trading orders over the counter and outside of the public order book — are correct. They have snapped up the Deribit-listed June 27 expiry SOL $200 call...

Retail traders in South Korea are piling into XRP and dogecoin (DOGE) in a sign of returning risk-on sentiment among speculative traders. Trading volumes of the two tokens on local exchanges crossed bitcoin (BTC) and ether (ETH) in the past 24 hours.The surge comes amid renewed risk-on sentiment across crypto and equity markets as U.S.-China trade tensions ease and macro indicators point to possible rate cuts later this year, some traders say.Both XRP and DOGE have climbed more than 15% over the past week, outpacing bitcoin’s 10% move, while ETH has soared nearly 40%, marking its biggest weekly gain since 2021.“Risk assets have recovered sharply to levels that are now challenging even the most ardent bears,” said Augustine Fan, head...

Pi Network’s token experienced a significant surge, briefly entering the top 20 digital assets after rising over 72% in less than 48 hours. This rally occurred just before a major ecosystem announcement scheduled for May 14. Upcoming Pi Network Ecosystem Announcement Fuels Rally On May 12, Pi Network, a social cryptocurrency and developer platform, brieflySource link

This content is provided by a sponsor. PRESS RELEASE. The crypto market is buzzing with renewed energy, and all eyes are on May 2025 as Ethereum and cryptocurrency recovery signals a brighter turn for blockchain enthusiasts. But there’s a particular spotlight on Lightchain AI, the new revolutionary project making waves with its presale that’s captivatingSource link

This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole.Prices for privacy-protecting digital currency Zcash (ZEC) have moved past a key resistance or supply zone, hinting at bigger gains ahead.Since February, ZEC has traded sideways, with sellers dominating above $40. Meanwhile, dips near $25 have consistently found support, keeping the price within a narrow range.On Sunday, buyers finally managed to chew through the long-held supply zone of $40-$43, hitting a high of $45.80 on crypto exchange HTX, the level last seen on Jan. 26, according to data source TradingView.The so-called range breakout is like a spring uncoiling bullishly after building up demand during consolidation. This release of stored energy often results in a sharp, rapid...