Ethereum is moving in tandem with small-cap stocks, and analysts say both 
assets could rise together with four potential Fed rate cuts ahead.

A ‘spooky’ Ethereum correlation suggests an imminent breakout

IREN and Kindly MD are raising big money through convertible notes, but 
traders reacted negatively following each of the companies’ multimillion- 
dollar deals.

Crypto stocks IREN, NAKA struggle amid convertible note deals

Solana started a fresh decline from the $238 zone. SOL price is now 
consolidating losses below $225 and might decline further below $218. SOL 
price started a fresh decline below $232 and $230 against the US Dollar. The 
price is now trading below $225 and the 100-hourly simple moving average. 
There was a break below a key bullish trend line with support at $230 on the 
hourly chart of the SOL/USD pair (data source from Kraken). The price could 
start another increase if the bulls defend $218 or $212. Solana Price Dips 
Below Support Solana price extended gains above $225 and $230, like Bitcoin 
and Ethereum. SOL even surpassed $235 before the bears appeared. A high was 
formed near $238 and the price dropped. There was a move below $232. Besides, 
there was a break below a key bullish trend line with support at $230 on the 
hourly chart of the SOL/USD pair. The pair traded as low as $217.47 and is 
currently consolidating losses below the 23.6% Fib retracement level of the 
recent decline from the $237 swing high to the $217 low. Solana is now trading 
below $225 and the 100-hourly simple moving average. If there is a recovery 
wave, the price could face resistance near the $222 level. The next major 
resistance is near the $228 level or the 50% Fib retracement level of the 
recent decline from the $237 swing high to the $217 low. The main resistance 
could be $230. A successful close above the $230 resistance zone could set the 
pace for another steady increase. The next key resistance is $238. Any more 
gains might send the price toward the $245 level. Another Drop In SOL? If SOL 
fails to rise above the $230 resistance, it could continue to move down. 
Initial support on the downside is near the $218 zone. The first major support 
is near the $212 level. A break below the $212 level might send the price 
toward the $200 support zone. If there is a close below the $200 support, the 
price could decline toward the $188 support in the near term. Technical 
Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish 
zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is 
below the 50 level. Major Support Levels – $218 and $212. Major Resistance 
Levels – $230 and $238.

Solana (SOL) Declines Again – Is This A Dip Worth Buying For Recovery?

Arthur Hayes believes Bitcoin can double into year-end—and he says the 
catalyst is a White House blueprint to capture the levers of US monetary 
policy. In an appearance on The Rollup, the BitMEX co-founder sketched a path 
to $250,000 per coin predicated on what he calls a “secret weapon”: a rapid 
consolidation of control over the Federal Reserve (Fed) that would clear the 
way for aggressive credit creation, yield-curve engineering, and an eventual 
flood of fiat liquidity into digital assets. Trump’s Fed Plan Could Catapult 
Bitcoin To $250,000 Hayes’ $250,000 year-end Bitcoin call rests on a narrow 
but explosive thesis: Donald Trump can seize functional control of the Federal 
Reserve within months, trigger yield-curve control by executive-pressure and 
personnel power, and unleash a credit impulse that spills straight into crypto 
via stablecoins. The BitMEX co-founder framed the pathway not as conjecture 
but as institutional mechanics. “It just is math. I love math,” he said. At 
the center is the Fed’s architecture—two bodies, two vote thresholds, one 
choke point. Hayes recited the plumbing crisply. “There’s a Fed Board of 
Governors. There’s seven members on this board. All are presidential 
appointees confirmed by the Senate and simple majority wins. So you need four 
votes out of seven to control that board.” With that majority, the White House 
gains three levers at once: the interest rate paid on reserve balances and 
terms at the discount window; supervisory stance over bank regulation; and 
decisive influence over who runs the 12 regional Reserve Banks—because those 
presidents must be approved by the governors. Related Reading: Bitcoin STH 
Whale Profits Hit $10.1 Billion, Highest For The Cycle The second body, the 
FOMC, has 12 votes; seven governors and five district presidents. Stack 
sympathetic leaders at the districts and the tally follows. “By having four in 
the governors and seven of the FOMC you’re effectively controlling the central 
bank,” Hayes argued. Why, then, is Governor Lisa Cook “the final domino”? 
Hayes ties the timing to Stephen Miran’s recent dissent on rate policy among 
sitting governors. He contends Trump already has two aligned votes and a 
plausible third; Cook is the hinge for a fourth. In his formulation, mounting 
legal and political pressure could force her departure on a compressed 
calendar. “I think it’s before the end of the year,” he said, describing an 
“imminent” court determination related to a mortgage- or bank-fraud matter and 
the likelihood of a negotiated exit irrespective of guilt or innocence: “This 
is all politics… what is she going to get promised in the back end to step 
down and exit stage left?” If Cook leaves and a replacement sails through 
while the Senate math still favors confirmations, the Board majority flips. 
With four of seven, the administration can then approve or block district- 
president selections coming up on the two- and four-year rotation—“in every 
year that ended in a one and a five… all 12 district bank presidents are up 
for reelection,” he noted—giving a path to seven of 12 on the FOMC. Yield 
Curve Control And Liquidity The policy intent is explicit: steepen the curve 
and run the economy hot via regional banks—what Hayes calls “QE for poor 
people.” The operational tools start on the short end. A governor-aligned 
Board can cut the rate paid on excess reserves to pull down front-end 
benchmarks, cheapen funding for banks, and reopen the discount window with 
friendlier terms. Supervision can be eased to encourage loan growth outside 
the money-center complex. In parallel, an FOMC majority can direct the System 
Open Market Account to expand—classic balance-sheet policy—while rhetorically 
committing to pins on the curve. The template, Hayes says, is the 1940s. “A 
politician can declare exigent circumstances… there are so many things that 
[they] could use as an excuse… and therefore the Fed is justified in combining 
with the Treasury and fixing the money supply.” The effect is curve 
management, not just cuts: “They’re going to steepen the yield curve. And so 
steepening the yield curve is going to bring the near end down,” while longer 
maturities reprice around higher nominal growth and inflation expectations. 
Even if long rates fall from peak levels as policy eases, the slope widens, 
repairing bank net-interest margins and pushing credit creation into the 
“heart of America.” Related Reading: 99% Of Bitcoin Supply In Profit – What 
This Means For Price This is the bridge to Bitcoin. A steepened curve and 
looser supervision channel new lending through regional banks, raising the 
money multiplier and nominal GDP, and pushing inflation. “When the regional 
bank is lending… they’re creating this new loan… they need to hire more 
workers… and obviously inflation grows along with it,” Hayes said. Liquidity 
then leaks into Bitcoin through stablecoins he expects to proliferate under a 
dollar-hegemony strategy. First comes T-bill carry in tokenized dollars; next 
comes on-chain yield; finally comes speculation. “Once you have a stablecoin… 
now you’ve got a dollar bank account… I can make 10–15%… I’m still broke… I’m 
going to speculate,” he said, pointing to perpetuals venues as the ultimate 
release valve for global retail leverage. The price call follows from the 
plumbing. Hayes reiterated a “double into the end of the year” toward $250,000 
if the personnel puzzle clicks—Cook exits, replacements are confirmed, 
district appointments swing, and the Fed’s balance sheet plus short-end levers 
are brought to heel. He also flagged the political clock: razor-thin Senate 
margins and the risk that a post-2026 Congress could block confirmations. “If 
Trump has anyone who needs to be approved… it better happen before then,” he 
warned, adding that Powell’s chair term ending in May 2026 could compound the 
realignment if the earlier pieces are in place. Hayes’ macro coda is stark: 
the debt arithmetic forces either inflation or explicit restructuring, and 
both are bullish for scarce assets. He even entertained revaluing US gold to 
book a trillion-dollar gain—an admission of dollar devaluation that he said 
would carry unknowable Treasury-market consequences. Either route, he insists, 
is hostile to bonds and supportive of Bitcoin. “At the end of the day, you 
don’t want to own bonds… you want to be selling dollars and owning a hard 
asset like Bitcoin or gold.” At press time, BTC traded at $124.468. Featured 
image created with DALL.E, chart from TradingView.com

Trump Will Send Bitcoin To $250,000 By EOY With This Secret Weapon: Arthur Hayes

CleanCore Solutions says it wants to scale its treasury “responsibly with 
transparency and resilience” as it aims to accumulate 1 billion Dogecoin 
tokens.

Cryptocurrency price in AED