Sonic surged 15% and total value locked reached a new all-time high after Binance Wallet announced its integration with the Sonic blockchain. The update, which was announced on May 1, allows users to interact with Sonic&#8217;s (S) decentralized applications and…

Sonic rallies 15%, TVL reaches new ATH as Binance Wallet announces S token integration

Bitcoin’s price is approaching major resistance zones while funding rates flip 
increasingly positive—an indication that long exposure is building up. But is 
this bullish pressure sustainable, or a sign of overheating? Bitcoin’s (BTC) 
current price movement is testing a key…

Bitcoin price faces resistance as funding rates flip positive

XRP&#8217;s price movement has been highlighted by a rejection at $2.35, followed by 
a bounce at $2.15. This initial rejection follows a brief rally in the last 
week of April, which, interestingly, saw it break above a downward-sloping 
resistance trendline that has defined its structure since early January 2025. 
However, the rejection has since been followed by a retest of this trendline, 
but this pullback is seen as a setup for a potential breakout to levels above 
$4 rather than an outright rejection. Trendline Breakout In Focus With Swing 
Failure Pattern According to a technical analysis on the TradingView platform, 
XRP/USDT is now pressing against the zone of a significant descending 
trendline on the daily candlestick timeframe chart. This trendline, which has 
guided the broader bearish structure since January 2025, was previously 
responsible for notable price rejections in February and March. However, the 
most recent interaction with this trendline appears different, and XRP may be 
shifting from a pattern of lower highs to a breakout and retest formation. 
Related Reading: Has The Dogecoin Price Already Topped? Indicator That 
Predicted Previous Tops Show When The notable development here is the sequence 
leading to the breakout attempt. XRP first surged upward in late April and 
moved above the trendline. But instead of collapsing back into the previous 
range, the price briefly retraced and formed a higher low, which is an 
important structural change in the bullish version of a swing failure pattern 
(SFP). In this case, the failed low formed after the breakout hints at a 
reversal of the prior downtrend, and this reversal was validated when XRP 
closed on April 30. As shown in the chart below, this swing failure pattern 
has now flipped bullish with volume rising, an early sign of a rebound and 
rally. Adding to this outlook, the trendline has been touched multiple times 
over the past five months, making a confirmed close above it very important. 
The white arrow drawn on the chart indicates the anticipated direction of the 
XRP price if the bounce is sustained. $3.00 Resistance Is Important For Next 
Price Explosion A bullish daily close above this trendline would break the 
bearish structure that has defined XRP&#8217;s price since the start of the year. If 
successful, this would open the XRP price to an eventual run above $4 if 
everything goes right. Related Reading: XRP Surpasses Ethereum In This Major 
Metric After Outperforming For 6 Months However, according to the analyst, the 
most immediate level to watch is the $3.00 resistance. A daily close above 
this round psychological level, combined with a volume spike, could open the 
way for XRP to surge toward the next key zones. These zones include $3.31, 
which coincides with the high on January 16, which is the next clear liquidity 
level. The next zone would be around its current all-time high. Beyond that, 
$4.6209 is the next longer-term breakout target. At the time of writing, XRP 
is trading at $2.20. Featured image from Adobe Stock, chart from 
Tradingview.com

XRP Price Is Eyeing Another Breakout To $4: Analyst Says Watch This Level

The cryptocurrency market continued its recovery in the past week as the total 
crypto market capitalization breached the $3 trillion mark for the first time 
since the beginning of March.
Bitcoin (BTC) rose to an over two-month high of $97,300 last seen at the end 
of February, before the &#8220;Liberation Day&#8221; tariffs announcement in the US, 
bolstering analyst predictions for a rally driven by &#8220;structural&#8221; 
institutional and exchange-traded fund (ETF) inflows into the world&#8217;s first 
cryptocurrency.
Risk appetite continued rising among crypto investors, as Chinese state-linked 
news outlets indicated that the Trump administration has quietly contacted 
Beijing to discuss tariff reductions.
_Total crypto market cap, 1-year chart. Source: CoinMarketCap_
In the wider crypto space, Ethereum developers proposed a new token standard 
to improve the interoperability of the world&#8217;s second-largest blockchain 
network.
## Bitcoin to $1 million by 2029 fueled by ETF and gov&#8217;t demand &#8212; Bitwise 
exec
Bitcoin&#8217;s expanding institutional adoption may provide the &#8220;structural&#8221; 
inflows necessary to surpass gold&#8217;s market capitalization and push its price 
beyond $1 million by 2029, according to Bitwise&#8217;s head of European research, 
Andre Dragosch.
&#8220;Our in-house prediction is $1 million by 2029. So that Bitcoin will match 
gold&#8217;s market cap and total addressable market by 2029,&#8221; he told Cointelegraph 
during the Chain Reaction daily X spaces show on April 30.
Gold is currently the world&#8217;s largest asset, valued at over $21.7 trillion. In 
comparison, Bitcoin&#8217;s market capitalization sits at $1.9 trillion, making it 
the seventh-largest asset globally, according to CompaniesMarketCap data.
_Top 10 global assets by market capitalization. Source: CompaniesMarketCap_
For the 2025 market cycle, Bitcoin may surpass $200,000 in the &#8220;base case&#8221; and 
$500,000 with more governmental adoption, Dragosch said.
**Continue reading**
## Eric Trump: USD1 will be used for $2 billion MGX investment in Binance
Abu Dhabi-based investment firm MGX will use a stablecoin linked to US 
President Donald Trump&#8217;s family to settle a $2 billion investment in Binance, 
the world&#8217;s largest cryptocurrency exchange.
The World Liberty Financial USD (USD1) US dollar-pegged stablecoin was 
launched by the Trump-associated crypto platform World Liberty Financial 
(WLFI) in March 2025.
MGX will use the USD1 stablecoin for its $2 billion investment in the Binance 
exchange, according to an announcement by Eric Trump during a panel discussion 
at Token2049 in Dubai. Trump, the son of the president, serves as executive 
vice president of the Trump Organization.
_Source:__Cointelegraph_
MGX announced its investment in Binance on March 12, marking the first 
institutional investment in the exchange and one of the biggest funding deals 
in the entire Web3 industry.
At the time, Binance declined Cointelegraph&#8217;s request to disclose what 
stablecoin was used in the transaction. 
This marks the Abu Dhabi-based investment firm&#8217;s first venture into the 
cryptocurrency space.
**Continue reading**
## Ethereum to simplify crosschain transactions with new token standards
Ethereum developers are working to improve blockchain interoperability with 
two new token standards: ERC-7930 and ERC-7828.
&#8220;There&#8217;s no standard way for wallets, apps, or protocols to interpret or 
display this information,&#8221; decentralized finance (DeFi) ecosystem development 
organization Wonderland wrote in a May 1 X post. Wallets, decentralized 
applications (DApps), block explorers and smart contracts follow different 
rules.
&#8220;The result? A messy, inconsistent experience that breaks crosschain UX,&#8221; 
Wonderland stated.
Wonderland is a group of developers, researchers and data scientists focused 
on improving the Ethereum DeFi ecosystem. The organization partnered with 
multiple DeFi protocols, including Optimism, Aztec, Connext and Yearn.
_Wonderland &#8216;s ERC-7828 and ERC-7930 explanation post. Source: __Wonderland_
In the post, the organization shared what was discussed at a recent Ethereum 
Foundation interoperability working group call. Teddy from Wonderland 
explained that the current goal is to finalize both token standards within the 
next two weeks. He added:
&gt; &#8220;We badly need feedback on the ETH-Magicians forum.&#8221;
**Continue reading**
## Crypto hackers hit DeFi for $92 million in April as attacks double from 
March
Cryptocurrency hackers stole more than $90 million in April, dealing another 
blow to the industry&#8217;s mainstream reputation despite ongoing efforts to 
improve cybersecurity.
Hackers made off with $92 million of digital assets across 15 incidents in 
April, according to an April 30 research report by blockchain cybersecurity 
firm Immunefi.
The total marks a 124% month-over-month increase from March, when hackers 
stole $41 million.
_Crypto stole in April 2025. Source: Immunefi_
The month&#8217;s largest hack on open-source platform UPCX accounted for most of 
the damage in April, with over $70 million in losses, while KiloEx lost $7.5 
million as April&#8217;s second-largest hack.
The KiloEx exploiter returned the stolen funds just days after the attack 
occurred.
All of April&#8217;s reported attacks targeted decentralized finance (DeFi) 
platforms. Centralized exchanges reported no incidents during the month, the 
report noted.
_Top 10 losses in April. Source: Immunefi_
Immunefi, which says it helps protect $190 billion in user funds, has paid 
more than $116 million in bounties to white hat hackers.
**Continue reading**
## Crypto group asks Trump to end prosecution of crypto devs, Roman Storm
The crypto lobby group, the DeFi Education Fund, has petitioned the Trump 
administration to end what it claimed was the &#8220;lawless prosecution&#8221; of open- 
source software developers, including Roman Storm, a creator of the crypto 
mixing service Tornado Cash.
In an April 28 letter to White House crypto czar David Sacks, the group urged 
President Donald Trump &#8220;to take immediate action to discontinue the Biden-era 
Department of Justice&#8217;s lawless campaign to criminalize open-source software 
development.&#8221;
The letter specifically mentioned the prosecution of Storm, who was charged in 
August 2023 with helping launder over $1 billion in crypto through Tornado 
Cash. His trial is still set for July, and his fellow charged co-founder, 
Roman Semenov, is at large and believed to be in Russia.
The DeFi Education Fund said that in Storm&#8217;s case, the Department of Justice 
is attempting to hold software developers criminally liable for how others use 
their code, which is &#8220;not only absurd in principle, but it sets a precedent 
that potentially chills all crypto development in the United States.&#8221;
The group also called for the recognition that the prosecution contradicts the 
Treasury Department&#8217;s Financial Crimes Enforcement Network (FinCEN) guidance 
from Trump&#8217;s first term, which established that developers of self-custodial, 
peer-to-peer protocols are not money transmitters.
_Source:__DeFi Education Fund_
&#8220;This kind of legal environment does not just chill innovation &#8212; it freezes 
it,&#8221; they argued. The letter added that it also &#8220;empowers politically- 
motivated enforcement and puts every open-source developer at risk, regardless 
of industry.&#8221;
In January, a federal court in Texas ruled that the Treasury overstepped its 
authority by sanctioning Tornado Cash.
**Continue reading**
## **DeFi market overview**
According to data from Cointelegraph Markets Pro and TradingView, most of the 
100 largest cryptocurrencies by market capitalization ended the week in the 
green.
The Virtuals Protocol (VIRTUAL) token rose over 103% as the week&#8217;s biggest 
gainer, followed by the Solayer (LAYER) token, up over 29% during the past 
week.
_Total value locked in DeFi. Source: DefiLlama_
Thanks for reading our summary of this week&#8217;s most impactful DeFi 
developments. Join us next Friday for more stories, insights and education 
regarding this dynamically advancing space.

Bitcoin ETFs, gov’t adoption to drive BTC to $1M by 2029: Finance Redefined

S&amp;P 500 and Nasdaq have regained their levels before &#8216;Liberation Day,&#8217; as 
strong jobs report eases recession fears.

Stocks continue to recover from ‘Liberation Day’ selloffs, S&P 500 on track for major winning streak

**Key points:**
 * Bitcoin trends toward $100,000. Will bears sell at this level?
 * Altcoins are trading above their respective support levels, suggesting that an altcoin rally is brewing.
Bitcoin&#8217;s (BTC) tight consolidation resolved in favor of the bulls with a 
break above the $95,000 barrier on May 1. The bulls are trying to push the 
price to the psychologically crucial level at $100,000, which may again 
witness a tough battle between the bulls and the bears.
Veteran trader Peter Brandt sounded positive when he said in a post on X that 
Bitcoin could rally to the $125,000 to $150,000 range by August or September 
2025 if it manages to regain its broken parabolic slope. However, Brandt 
cautioned that the rally could be followed by a sharp correction of more than 
50%.
_Crypto market data daily view. Source:__Coin360_
As Bitcoin nears the 100,000 mark, onchain analytics firm Glassnode cautions 
that the long-term holders (LTHs) may be tempted to book profits. The firm 
said in its newsletter that the LTHs tend to book profits when their profit 
margin reaches 350%, and that level will be hit at $99,900. A significant 
amount of buy-side pressure is needed to overcome the selling to continue the 
up move.
Could Bitcoin break above $100,000, pulling select altcoins higher? Let&#8217;s 
analyze the charts of the top 10 cryptocurrencies to find out.
## Bitcoin price prediction
Bitcoin&#8217;s break above $95,000 signals an advantage to buyers, but the bears 
are unlikely to give up easily.
_BTC/USDT daily chart. Source: Cointelegraph/TradingView_
Sellers will try to pull the price back below $95,000, trapping the aggressive 
bulls. If they can pull it off, the BTC/USDT pair could test the 20-day 
exponential moving average ($91,391). This is a necessary support to watch out 
for as a solid bounce off the 20-day EMA suggests the bullish sentiment 
remains intact. That increases the likelihood of a break above $100,000. The 
pair may then reach $107,000.
This optimistic view will be invalidated in the short term if the price turns 
down and breaks below the 20-day EMA. The pair may then tumble to the 50-day 
simple moving average ($86,236).
## Ether price prediction
Buyers successfully defended Ether&#8217;s (ETH) drop to the 20-day EMA ($1,757) on 
April 30, signaling demand at lower levels.
_ETH/USDT daily chart. Source: Cointelegraph/TradingView_
The gradually upsloping 20-day EMA and the RSI in the positive territory 
indicate a slight edge to the bulls. If the price maintains above $1,857, the 
ETH/USDT pair could climb to the breakdown level of $2,111. There is minor 
resistance at $1,957, but that is likely to be crossed.
This positive view will be invalidated in the near term if the price turns 
down and plunges below the moving averages. That could pull the pair down to 
$1,537, which is expected to attract buyers.
## XRP price prediction
The bulls have managed to keep XRP (XRP) above the moving averages, but the 
bounce lacks strength.
_XRP/USDT daily chart. Source: Cointelegraph/TradingView_
The flattening 20-day EMA ($2.17) and the RSI just above the midpoint do not 
give a clear advantage either to the bulls or the bears. Buyers will seize 
control on a break and close above the resistance line. That clears the path 
for a rally to $3.
On the contrary, a break and close below the moving averages could sink the 
XRP/USDT pair to the solid support at $2. This is a critical level to keep an 
eye on because a break below $2 could pull the pair to $1.61.
## BNB price prediction
BNB (BNB) is witnessing a seesaw battle between the bulls and the bears at the 
moving averages.
_BNB/USDT daily chart. Source: Cointelegraph/TradingView_
If the price maintains below the moving averages, the BNB/USDT pair could 
slump to $576 and later to $566. Buyers are expected to vigorously defend the 
$566 level because a break below it may sink the pair to $520.
The bulls will have to push the price above $620 to signal strength. The pair 
could then rise to $644, which is likely to act as a strong resistance. If 
buyers bulldoze their way through, the pair could surge to $680.
## Solana price prediction
Solana (SOL) continues to face selling at the $153 level, but a positive sign 
is that the bulls have not ceded much ground to the bears.
_SOL/USDT daily chart. Source: Cointelegraph/TradingView_
The upsloping 20-day EMA ($142) and the RSI in the positive zone suggest that 
the path of least resistance is to the upside. If buyers push and maintain the 
price above $153, the SOL/USDT pair could rally to $180.
Contrary to this assumption, if the price turns down sharply and breaks below 
the 20-day EMA, it suggests profit booking by the short-term bulls. The pair 
could then slump to the 50-day SMA ($132).
## Dogecoin price prediction
Dogecoin (DOGE) rebounded off the moving averages on May 1, indicating that 
the bulls are trying to keep the price inside the upper half of the range.
_DOGE/USDT daily chart. Source: Cointelegraph/TradingView_
The bulls will attempt to push the price to the top of the range at $0.21, 
which is a critical near-term resistance level to watch out for. If buyers 
pierce the $0.21 level, the DOGE/USDT pair will complete a double-bottom 
pattern. That could start a move to $0.25 and then to the pattern target of 
$0.28.
Contrarily, a break and close below the moving averages opens the doors for a 
fall to the support of the range at $0.14. Buyers are expected to defend the 
$0.14 level with all their might because a break below it may sink the pair to 
$0.10.
## Cardano price prediction
Buyers bought the dip to the moving averages in Cardano (ADA), but the failure 
to build upon the rebound suggests a lack of demand at higher levels.
_ADA/USDT daily chart. Source: Cointelegraph/TradingView_
Buyers will have to drive the price above the $0.75 resistance to gain the 
upper hand. If they do that, the ADA/USDT pair could rally to $0.83. Sellers 
will try to halt the up move at $0.83, but if the bulls prevail, the pair 
could reach $1.
On the downside, a break and close below the moving averages tilts the short- 
term advantage in favor of the bears. The pair could slide to $0.58, where the 
buyers are expected to step in.
_**Related:**__**Moon soon? XRP&#8217;s strongest spot premium aligns with 70% rally 
setup**_
## Sui price prediction
Buyers pushed Sui (SUI) toward the $3.90 overhead resistance on May 1, but the 
long wick on the candlestick shows that bears are aggressively defending the 
level.
_SUI/USDT daily chart. Source: Cointelegraph/TradingView_
The first support on the downside is $3.27, and then the 20-day EMA ($3.01). 
If the price rebounds off the 20-day EMA with strength, the bulls will again 
try to drive the SUI/USDT pair above $3.90. If they manage to do that, the 
pair could rally to $4.25 and subsequently to $5.
Instead, if the price breaks below the 20-day EMA, it suggests that the bulls 
have given up. The pair may slump to the solid support at $2.86. If the price 
rebounds off the $2.86 support, the pair may form a range.
## Chainlink price prediction
Chainlink (LINK) turned up from the moving averages on May 1, indicating that 
the sentiment remains positive.
_LINK/USDT daily chart. Source: Cointelegraph/TradingView_
Buyers will try to push the price above the $16 overhead resistance and 
challenge the resistance line of the descending channel pattern. Sellers are 
expected to fiercely defend the resistance line because a break and close 
above it signals a potential trend change.
If the price turns down from the overhead resistance and breaks below the 
moving averages, it suggests selling on rallies. The LINK/USDT pair may drop 
to $11.68, extending its stay inside the channel for some more time.
## Avalanche price prediction
Avalanche (AVAX) bounced off the 20-day EMA ($20.89) on May 1, indicating that 
the bulls are buying on dips. 
_AVAX/USDT daily chart. Source: Cointelegraph/TradingView_
Buyers will try to propel the price above the $23.50 overhead resistance. If 
they manage to do that, the AVAX/USDT pair will complete a double-bottom 
pattern. That may start an up move to $28.78 and later to the pattern target 
of $31.73.
The moving averages are the crucial support to watch out for. If the price 
turns down from the current level or the overhead resistance and breaks below 
the 50-day SMA ($19.79), it suggests that the range-bound action may continue 
for a few more days.
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.