crtypto & forex news

Solana is seeing renewed interest from institutional investors, who appear to have flipped bullish on SOL again. This follows the record inflows that the SOL ETFs have recorded since the start of this month, which have pushed the altcoin to a four-month high.  Solana Sees Fresh Inflows From Institutional Investors According to SoSoValue data , Solana ETFs have recorded a total net inflow of $90 million since the start of the month, higher than their net inflows over the past three months. Notably, these funds saw total inflows of $26 million on May 11, which is the highest daily net inflow since February 25.  The Solana ETFs now boast total net assets of $1.02 billion, which represents almost 2% of SOL’s market cap . Meanwhile, renewed inflows into these funds pushed SOL to a four-month high of around $97, with the altcoin now eyeing a push toward the psychological $100 level. However, derivatives data paint a mixed signal about the sentiment towards SOL at the moment.  CoinGlas...

A separate poll released Friday by HarrisX found that 47% of registered voters said they would consider crossing party lines to support a candidate who backed crypto regulation legislation — a figure that stands in sharp contrast to new data showing crypto barely moves the needle for most Americans when they head to the polls. The Lobbying Machine Behind The Legislation The Politico survey , conducted by polling firm Public First and covering 2,035 US adults, found that only 4% of respondents would factor a candidate’s position on crypto into their voting decision. Affordable housing topped the list of issues voters want Congress to address, followed by consumer fraud protection and lower bank fees. Crypto regulation came in last. That gap between voter priorities and industry muscle is hard to ignore. Crypto lobbies spent more than $130 million during the 2024 elections — more than any other industry — and have already committed $320 million to shape the upcoming November...

The crypto market is facing its most significant regulatory test in years as the US Senate Banking Committee prepares to vote on the CLARITY Act today, Thursday, May 14. The markup session that will determine whether the most comprehensive digital asset legislation in American history advances toward a full Senate floor vote begins with bipartisan negotiations having collapsed overnight — leaving the outcome considerably less certain than it appeared just days ago. Eleanor Terret reports that a small group of senators working to bring Democrats on board with at least two outstanding issues wrapped their negotiations late Wednesday night without reaching a deal. The talks had been the last realistic opportunity for the CLARITY Act to enter Thursday’s markup with meaningful bipartisan support. They ended without it. Senator Lummis, one of the lead Republican negotiators, issued a statement that captured both the proximity to resolution and the frustration of falling short. Agree...

At the beginning, Bitcoin , the largest cryptocurrency asset by market cap, was particularly common among retail investors who saw the coin as a speculative asset rather than an actual store of value. However, years later, the cryptocurrency has become a major target for large firms, acquiring the asset at a significant rate. Institutional Bitcoin Holdings Reach New Scale Despite being labeled as a highly volatile asset, Bitcoin continues to see major interest and adoption across the dynamic cryptocurrency sector. One interesting part about this development is the notable interest from big firms in the crypto and financial sectors, who steadily purchased the leading asset. Over the years, institutional participation in Bitcoin has grown significantly, turning the asset from a specialized digital experiment into a well-known part of contemporary financial portfolios. This accumulation by corporations , asset managers, and financial institutions points to growing conviction in the as...

Crypto analyst Bee has outlined three Bitcoin rules that provide insights into when the bear market is likely to end. This comes as BTC struggles again to hold above the psychological $80,000, with experts predicting another imminent decline.  Bitcoin Bear Market Rules As To When The Bear Market May End In an X post , Bee stated that Bitcoin has three rules in a bear market. First, he noted that the bear market lasts at least 350 days. The analyst also mentioned that the bottom never forms without touching the MA 350, and lastly, the price always drops further than anyone expects. Based on this, he suggested that the bear market is yet to end despite BTC’s recent relief rally .  His accompanying chart showed that BTC could still drop to around $46,000 before a bottom forms for Bitcoin in this bear market. The analyst also noted that the 350-day moving average is at $47,000, and that level remains untouched. However, Bee remarked that the good news is that the leading crypto is al...

A new analysis from crypto expert Sykodelic suggests that Ethereum (ETH) could experience a parabolic rally to new highs this year, but only if Bitcoin (BTC) makes a key move. According to the analyst, ETH is already laying the groundwork for this potential surge, with recurring historical patterns backing its bullish structure. Once Ethereum begins a bull run, Sykodelic believes that the cryptocurrency could gain enough momentum to trigger the long-anticipated altcoin season .  Ethereum Price Rally Contingent On Bitcoin Breakout Sykodelic believes that Ethereum is setting the stage for a new bull run that could push its price back toward the $4,000 range. In an X post dated May 11, the analyst shared a detailed analysis and an accompanying chart outlining conditions that could drive ETH to that level, and why Bitcoin’s next movements will be the critical trigger.  According to the analyst, Ethereum’s price surge has yet to begin precisely because Bitcoin continues to lead the cry...

The National Fraternal Order of Police (FOP), the largest law enforcement organization in the United States, has weighed in on the CLARITY Act, sending a letter to lawmakers that argues against a specific part of the bill.  In the correspondence—signed by FOP President Patrick Yoes—the group says it strongly opposes Section 604, a provision that, according to the letter’s description, would exempt certain non-controlling developers and providers from being treated as money transmitting businesses. CLARITY Act Section 604 Becomes A Flashpoint In reports shared on social media, Yoes wrote to Senate Banking Committee Chairman Tim Scott and Ranking Member Elizabeth Warren, arguing that Section 604 would strip prosecutors and law enforcement of statutes they rely on to track and pursue people who commit crimes using digital assets.  The FOP’s argument is that removing those tools would also make it easier for criminal organizations to profit from illegal activity. At the center of the d...