Kraken is deprecating its cross-chain provider and migrating to Chainlink CCIP 
as the exclusive infrastructure for its wrapped assets. Kraken posted the 
announcement on X on May 14, confirming that Chainlink&#8217;s Cross-Chain 
Interoperability Protocol will become its exclusive bridge infrastructure…

Kraken ditches LayerZero for Chainlink CCIP

The news follows growing calls from UK lawmakers and government officials to 
curb or temporarily ban crypto political donations in the country.

UK politician Nigel Farage bought $1.8M house after a $6.7M crypto gift

Solana has entered a temporary correction phase following its strong breakout 
move, with profit-taking slowing momentum near key resistance levels. Even so, 
the overall market structure remains constructive, as the asset continues to 
hold above important support zones. If bulls regain strength and reclaim 
nearby resistance, SOL could be preparing for another leg higher within its 
broader bullish trend. First Target Zone Cleared Following 10% Breakout Rally 
The current market structure for Solana continues to lean bullish following 
its recent breakout above a key trendline resistance. According to analyst 
Bitcoin Meraklısı, the asset managed to hit its first upside target zone after 
an impressive rally of nearly 10%. However, once the price reached that area, 
sellers began stepping in, leading to profit-taking activity. Related Reading: 
Solana (SOL) Dips Modestly, But Traders Still Expect Bigger Move The recent 
decline is currently being interpreted as part of a short-term correction 
rather than the beginning of a broader bearish reversal. After such a strong 
move higher, temporary pullbacks are considered natural, with the analyst 
noting that dips toward the $92 level would still fit within a technically 
healthy structure. For SOL to resume its bullish continuation, the price must 
break back above the key $98 resistance zone and hold above it successfully. A 
decisive move beyond this level would signal renewed strength from the bulls 
and could pave the way for another push toward the higher targets highlighted 
on the chart. Momentum may have cooled in the short term, but there are still 
no major signs of breakdown or trend deterioration at this stage. Solana 
Breaks Out Of Long-Term Descending Channel According to an analysis by 
CryptoXLARG, SOL has successfully broken out of a long-term descending 
channel, marking a significant structural shift. The asset is currently in a 
phase of consolidation within the $92 and $95 range, serving as the necessary 
foundation for a trend reversal after months of downward pressure. Related 
Reading: Solana Finds Strong Support At $84, But Its Network’s User Activity 
Is Fading The primary hurdle for bulls is securing a sustained move above the 
$95 mark. Once this level is confirmed as new support, the technical path 
opens toward $102.70 and, extending to $106.50 and $118.26. In a high-momentum 
market environment, CryptoXLARG indicates that macro targets as high as $143 
and $163 could eventually come into play. On the defensive side, the $92 level 
acts as the immediate support floor to maintain short-term optimism. Should 
volatility increase, deeper support levels are situated at $89 and $78. A 
failure to hold $78 would effectively invalidate the current bullish structure 
and likely trigger a deeper correction back toward $70. Ultimately, the 
validity of this breakout hinges on SOL&#8217;s ability to hold its ground above the 
$95 pivot. While losing the $92 support would significantly weaken the 
structure. Featured image from Pixel Plex, chart from Tradingview.com

Solana Structure Remains Bullish Despite Short-Term Correction Pressure

The Clarity Act cleared the Senate Banking Committee 15 to 9 on Thursday, 
sending Bitcoin above $82,000 for the first time in weeks. The Clarity Act 
advanced out of the Senate Banking Committee on Thursday in a 15 to 9…

Clarity Act clears Senate as Bitcoin hits $82K

Nvidia&#8217;s growth potential hinges on sustained AI infrastructure investment, 
positioning it to capitalize significantly on this expanding market.
The post Wells Fargo raises Nvidia price target to $315, sees 44% upside on AI 
infrastructure boom appeared first on Crypto Briefing.

Wells Fargo raises Nvidia price target to $315, sees 44% upside on AI infrastructure boom

Alphabet&#8217;s yen bond sale highlights the strategic shift towards cost-effective 
global financing to sustain long-term AI infrastructure growth.
The post Alphabet markets debut yen bond sale to fund AI initiatives appeared 
first on Crypto Briefing.

Kraken ditches LayerZero for Chainlink CCIP

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