Schlagwort: crypto business

Veröffentlicht am

Lido DAO price revisits key support level: what next for LDO?

  • Lido DAO (LDO) price fell nearly 10% as altcoins dumped.
  • Bitcoin’s bounce sees Lido DAO price recover to a key level.
  • Bears are, however, likely to pull LDO lower.

Lido DAO (LDO), a leading liquid staking protocol in the market, saw its native token’s price dip by nearly double digits as volatility hit cryptocurrencies early Monday.

Lido DAO (LDO) has rebounded to a key technical level alongside a broader recovery in risk assets.

However, the outlook remains fragile, with the possibility of a fresh drop if bears regain control, particularly if the price revisits the $0.86 mark.

On-chain data adds to the cautionary tone, as whale activity around LDO has spiked.

A notable large holder recently moved a significant amount of tokens to major crypto exchanges, a move that could signal intent to sell and potentially exert downward pressure on the price.

Lido DAO price slips to key support level

Lido DAO’s price hovered above $1.16 last week. However, with altcoins still unable to master an altseason, the token’s price has ridden downside action to slip more than 16% in the past week.

In the past 24 hours, the LDO token’s value dipped to $0.86. This decline in early trading hours on May 19, 2025, largely aligned with Bitcoin’s dip from above $106k.

A broader market trend that also saw Ethereum shed gains to below $2,300 also shaped Lido DAO’s price action.

“The broader crypto space is seeing similar momentum. Coinbase is set to join the S&P 500 tonight — a landmark moment for institutional credibility, coming on the heels of its acquisition of Deribit. Mainstream adoption is no longer a question of “if. Volatility markets agree. Despite sideways spot action, crypto vols remain firm, and $BTC call skew is holding across tenors — a sign of structurally bullish positioning,” QCP analysts posted.

LDO price analysis

Some of the bearish pressure on Lido DAO price is from whales selling.

Profit taking and other market dynamics have seen large holders dump LDO tokens.

On-chain data and analytics tracker Lookonchain highlighted one such incident on Monday.

Per the data, a large whale dumped 21.3 million LDO tokens (worth about $21.6 million) over the past week.

The selling added to the overall profit taking deals, pushing the Lido DAO price down more than 25% over the week.

Speculation of likely insider selling also contributed to today’s price decline.

LDO chart by TradingView

Technical indicators provide a bearish outlook. The Relative Strength Index (RSI) indicates LDO is near the oversold territory.

Meanwhile, the Moving Average Convergence Divergence (MACD) suggests weakness with a bearish crossover.

If LDO holds above $0.86, it could target resistance near $1.00. However, downside action could see it slide toward $0.80.

The post Lido DAO price revisits key support level: what next for LDO? appeared first on CoinJournal.

Veröffentlicht am

Circle reportedly weighing sale to Coinbase or Ripple despite IPO plans

  • Circle is reportedly in talks to sell to Coinbase or Ripple despite IPO plans.
  • Coinbase holds strong control and financial leverage over Circle.
  • Ripple’s $5B bid was rejected amid higher IPO valuation targets.

Despite having filed for an initial public offering (IPO) last month, Circle Internet Financial, the company behind the USDC stablecoin, is reportedly engaged in discussions of a possible sale to either Coinbase Global or Ripple, as per a Fortune report, citing sources familiar with the matter.

The future of Circle’s IPO

While Circle remains committed to its IPO, it has not yet scheduled a roadshow or disclosed specific terms.

The company is believed to be targeting a valuation of at least $5 billion, whether through public markets or via a strategic buyout.

Behind the scenes, conversations with both Coinbase and Ripple about potential sales have reportedly gained momentum, pointing to the dual-track approach Circle appears to be pursuing.

Coinbase emerges as the most likely Circle buyer

Coinbase has emerged as the more likely acquirer, largely due to its close commercial ties with Circle and its influence over the governance of USDC.

The two companies co-founded the Centre Consortium in 2018 to launch the dollar-backed stablecoin, and although Centre was dissolved in 2023, the partnership’s legacy endures.

Following the consortium’s conclusion, Coinbase acquired an equity stake in Circle and retained significant operational leverage over the stablecoin issuer.

According to insiders, Coinbase’s influence over Circle includes rights related to insolvency scenarios and approval authority over any major distribution or partnership deals involving USDC revenue.

These terms, embedded in the existing agreement, suggest that Coinbase holds considerable sway over Circle’s strategic direction.

As a result, many in the industry believe Coinbase is the most logical buyer, especially considering its strong balance sheet and deep integration with Circle’s operations.

Financially, Coinbase is well-positioned to pursue such an acquisition.

With approximately $8 billion in cash reserves and the capacity to raise additional capital through public markets, the exchange has the firepower to make a competitive offer.

Additionally, Coinbase currently benefits from receiving 100% of the revenue generated by USDC held on its platform, making a full acquisition a potentially lucrative long-term move.

Ripple made a $4-5 billion offer

Ripple, on the other hand, is not out of the picture. Backed by a vast reserve of XRP tokens, valued at over $100 billion when including assets held in escrow, Ripple reportedly made an acquisition offer in the range of $4 billion to $5 billion.

However, that bid was ultimately turned down by Circle, which is aiming for a higher valuation.

Despite the rejection, Ripple’s strong capital reserves mean it could remain a contender should the terms become more favourable.

As Circle weighs its options, the decision will likely hinge on market conditions, investor appetite, and the comparative benefits of a public offering versus a private sale.

While the recent success of eToro’s public debut may offer encouragement for a Circle IPO, the strategic synergies of a sale, particularly to Coinbase, could prove too compelling to ignore.

The post Circle reportedly weighing sale to Coinbase or Ripple despite IPO plans appeared first on CoinJournal.

Veröffentlicht am

US SEC delays decision on 21Shares and Bitwise Solana ETFs

  • The regulator said it was “instituting proceedings” to consider the 21Shares Core Solana ETF and the Bitwise Solana ETF, according to filings released Monday.
  • The SEC is currently reviewing more than 70 cryptocurrency ETF applications.
  • Crypto investment products attracted $785 million in net inflows last week, according to CoinShares.

The US Securities and Exchange Commission has postponed its decision on two proposed exchange-traded funds tied to Solana, while inviting public comment as part of its review process.

The regulator said it was “instituting proceedings” to consider the 21Shares Core Solana ETF and the Bitwise Solana ETF, according to filings released Monday.

“Institution of proceedings does not indicate that the Commission has reached any conclusions,” the SEC said.

“Rather, the Commission seeks and encourages interested persons to provide comments on the proposed rule change.”

The agency is currently evaluating a growing number of crypto ETF proposals beyond Bitcoin and Ethereum, with filings covering a range of assets including Solana, XRP, Dogecoin, Cardano, and Litecoin.

The current round of reviews comes amid a shift in regulatory tone under the Trump administration.

The crypto ETF waitlist

The SEC is currently reviewing more than 70 cryptocurrency ETF applications, ranging from products tied to major altcoins like XRP, Solana, and Litecoin to more speculative meme-themed and leveraged offerings.

Bloomberg ETF analyst Eric Balchunas described the current queue as “wild,” highlighting the breadth of filings, which include references to “Penguins, Doge, and 2x Melania.”

This wave of applications follows two landmark approvals by the agency: spot Bitcoin ETFs in January 2024 and spot Ethereum ETFs in July. Both were viewed as significant milestones for mainstream adoption of crypto investment vehicles.

According to Bloomberg estimates from February, Litecoin ETFs have the highest likelihood of approval at 90%, with Dogecoin ETFs following at 75%.

Crypto ETPs inflows continue

Amid the regulatory developments, crypto investment products attracted $785 million in net inflows last week, according to CoinShares.

This marked the fifth straight week of gains, bringing total 2025 inflows to $7.5 billion and fully offsetting the $7 billion withdrawn earlier this year during a market correction.

Assets under management in crypto ETPs reached $172.9 billion globally, nearing all-time highs.

US-based products led with $681 million in inflows, followed by Germany at $86.3 million and Hong Kong at $24.2 million — its largest since November 2024. Sweden, Canada, and Brazil recorded modest outflows.

Solana-based products, despite the ETF headlines, saw net outflows of $0.9 million last week.

XRP and Sui drew $5 million and $9.3 million in inflows, respectively, while Cardano and Chainlink also saw minor gains.

21Shares, already active in the US through its spot Bitcoin and Ethereum ETFs with Ark Invest, has recently expanded its filings to include Solana, Dogecoin, XRP, and Polkadot.

The post US SEC delays decision on 21Shares and Bitwise Solana ETFs appeared first on CoinJournal.

Veröffentlicht am

XRP eyes bounce as regulated futures launch on CME

  • XRP Futures are live on CME, with the launch coming as cryptocurrencies target rebound
  • Ripple CEO Brad Garlinghouse says the launch is a “key institutional milestone for XRP”
  • The XRP price could explode amid the development.

Ripple is notching yet another milestone in the market as regulated futures tracking its cryptocurrency XRP go live on the Chicago Mercantile Exchange.

XRP price may ride the launch to post a notable rebound, a scenario analysts say is likely to mirror the traction that greeted Bitcoin (BTC) and Ethereum (ETH) futures going live on the CME.

Big news as XRP Futures launch on the CME

The CME Group announced on May 19,2025 that the XRP and Micro XRP futures were now live on the exchange. CME’s announcement came as XRP hovered near a key level.

That’s because the broader market was facing downside action following a volatile start to the week for risk-on assets. However, with market participants looking to bounce, XRP holders received the positive news from CME.

Notably, the company has rolled out futures contracts for XRP and Micro XRP, allowing traders to leverage regulated products of the fourth-ranked altcoin.

Ripple CEO Brad Garlinghouse commented on the launch:

“The launch of regulated XRP Futures on CME marks a key institutional milestone for XRP…and very excited to report that Hidden Road cleared the first block trade on CME at the opening!”

XRP price analysis

Currently, XRP is trading at $2.34. Despite a 3.7% dip in the last 24 hours, daily volume is up 71% to over $4 billion. CME’s launch of regulated futures might be a fresh catalyst for XRP price.

Analysts at Crypto Raven noted:

“$BTC pumped and dumped a significant amount right after launching on CME Future market, $XRP is launching today. We could see similar movements where the price could push high and immediately look for corrections. It might not be as steep as $BTC, but could be something significant.”

While XRP has shed about 9% of its value in the past week, the top 10 altcoin by market cap have traded 13% up in the past 30 days. Furthermore, the Ripple token has ridden positive news since July 23 to break higher.  Zooming out, in the past year, the XRP price has jumped by more than 360%.

Institutional interest, amid potential spot exchange-traded fund (ETF) approval, combines with a broader market outlook to give bulls reason to target future gains. The cryptocurrency’s latest milestone, together with key launches in other markets such as Brazil, has XRP nicely poised.

Ripple’s controversies

Even as XRP’s future launch, Ripple’s troubles are far from over. The Securities and Exchange Commission (SEC) is still pursuing penalties against the company.

This is even after the company won a partial legal victory in terms of XRP’s status in the secondary markets.

A US federal judge also had rejected Ripple’s and the SEC’s request to approve a $50 million settlement.

The post XRP eyes bounce as regulated futures launch on CME appeared first on CoinJournal.

Veröffentlicht am

Dogecoin price prediction following the 11% drop in a week

  • Dogecoin is currently trading in a falling wedge, eyeing a breakout above $0.219.
  • A close above $0.22378 could signal a bullish trend reversal.
  • On-chain activity is rising, boosting the long-term bullish outlook.

Dogecoin (DOGE) has experienced notable turbulence over the past week, with the popular meme coin shedding more than 11% of its value amid wider market volatility.

Although short-term losses have sparked concern among retail traders, technical analysts, and blockchain activity suggest that DOGE may be positioning itself for a much larger move.

DOGE price analysis

Over the past few days, Dogecoin has slipped from a local high of $0.25 to hover around the $0.2161 mark, reflecting a strong pullback after a sustained rally earlier this month.

Despite the apparent weakness, this decline has not invalidated the broader bullish structure that analysts have been tracking over recent months.

On the four-hour chart, DOGE is currently trading within a defined falling wedge pattern, which is widely regarded as a bullish formation when confirmed with a breakout.

Highlighting this setup, an analyst on X has noted that Dogecoin’s price has compressed between descending resistance near $0.219 and support just above $0.212, forming a tightening range.

The analyst’s chart also points to Ichimoku Cloud metrics that show the price hovering within the equilibrium zone, suggesting that the current pause may precede a larger directional move.

The high-confluence support zone between $0.212 and $0.214, bolstered by the Ichimoku Span B, has already prompted intraday rebounds, hinting at strong buyer interest near that level.

Meanwhile, resistance at the upper wedge boundary coincides with the Kijun-sen (baseline) around $0.225, creating a well-defined ceiling that needs to be breached for bullish momentum to resume.

Dogecoin price outlook

If Dogecoin manages a decisive four-hour candle close above $0.219, Ali Martinez believes that the coin could quickly target the previous supply zone between $0.24 and $0.26.

However, a breakdown below the $0.205 support level would likely open the door to steeper declines, potentially revisiting the April pivot low near $0.185.

From a medium-term perspective, Dogecoin’s weekly chart paints a more optimistic picture, especially as the token recently closed above the Bull Market Support Band.

This band, defined by the 20-week simple moving average and a two-sigma envelope, has acted as a major barrier since early February, with recent price action flipping it into provisional support.

Analyst Cantonese Cat has emphasised the significance of this breakout, arguing that a second consecutive weekly close above $0.22378 would confirm a broader trend reversal.

Despite the pullback from $0.25, the midline of the Bollinger Bands, which overlaps with the Bull Market Support Band, remains the primary pivot point for sustained bullish follow-through.

Adding further weight to this outlook, long-term chart patterns suggest Dogecoin has already completed a breakout above a multi-year descending resistance in late 2023.

According to analyst Javon Marks, this structural change, marked by higher highs and higher lows, confirms a bullish reversal from the extended bear market that began after its 2021 peak.

Marks also pointed out that the recent correction found support at $0.16, establishing a higher low that strengthens the case for a continued uptrend.

Based on these developments, Marks has maintained a projected price target of $0.6533, representing a potential 174% increase from current levels.

He also noted that Dogecoin could eventually revisit its previous all-time high of $0.74 and even extend gains toward $1.25 if momentum builds and market sentiment improves.

Still, another layer of resistance remains between $0.25 and $0.26, a zone that has consistently capped Dogecoin’s price since December 2024, according to analyst Ali Martinez.

Repeated failures to break through this level earlier in the year underscore the importance of a confirmed move above it for any sustained upward move to take hold.

While the technical picture remains mixed in the short term, Dogecoin’s on-chain data adds another bullish signal to the overall outlook.

Blockchain analytics platform IntoTheBlock reported a surge in user engagement, with new addresses jumping by over 102% and active addresses climbing by more than 111% in just one week.

Additionally, zero-balance addresses, often associated with increased turnover and new activity, rose by more than 155%, reflecting renewed interest from both traders and casual users.

This resurgence in network activity coincides with a broader market rally and suggests that Dogecoin’s recent price drop may not reflect weakening fundamentals.

Should the price break above the $0.219 and $0.26 resistance zones, it may well trigger the next major rally toward the $0.65 target outlined by bullish analysts.

But until then, both traders and long-term holders will be watching key support and resistance levels closely, waiting for the signal that confirms Dogecoin’s next major move.

The post Dogecoin price prediction following the 11% drop in a week appeared first on CoinJournal.