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…

Synthetix wants to acquire Derive through a $27m token swap

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

Analyst Tells Investors To Be Patient As Solana Price Hits Resistance

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&#8217;s digital asset trading services. The shares 
are expected to begin trading on the […]

Etoro Prices Upsized IPO at $52 Per Share, Set to Begin Trading on Nasdaq

**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 &#8212; 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.
&#8220;Extremely bullish for Bitcoin!&#8221; popular trader and investor Mister Crypto 
summarized in part of a reaction on X, referencing similar data from onchain 
analytics platform CryptoQuant.
&gt; Miners have stopped selling. 
&gt; 
&gt; Extremely bullish for Bitcoin! pic.twitter.com/bLuCM5GMgL 
&gt; 
&gt; &#8212; 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.
&gt; 📊MARKET UPDATE: #Bitcoin miner selling pressure is at its lowest since 2024. 
&gt; 
&gt; A low value implies that miners are holding their coins and are not 
&gt; increasing the $BTC supply in the current market, which is positive for the 
&gt; price. 
&gt; 
&gt; (h/t: @Alphractal ) pic.twitter.com/M6iMz7jReT 
&gt; 
&gt; &#8212; Cointelegraph Markets &amp; 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 &#8220;buy&#8221; 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 
&#8220;capitulation&#8221; 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%.
&#8220;The hash ribbons are still flashing a buy signal here,&#8221; Mister Crypto 
commented in a post on the phenomenon this week, predicting BTC price to &#8220;go 
much higher in May.&#8221;
_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.

Bitcoin miners halt sales as BTC gains 20% since hash ribbon 'buy' signal

Lawmakers from both parties appear to be working to revive stablecoin 
legislation, after a failed vote linked to controversy over Donald Trump&#8217;s 
crypto ventures. Lawmakers in both parties are trying to quickly bring back 
the GENIUS Act, a stablecoin bill…

Cryptocurrency price in USD