The introduction of Ethereum and Solana futures on Brazil&#8217;s B3 could enhance market sophistication and attract more institutional investors. The post Ethereum, Solana futures contracts to debut on Brazil&#8217;s leading stock exchange next month appeared first on Crypto Briefing.

Ethereum, Solana futures contracts to debut on Brazil’s leading stock exchange next month

The newly launched DOOD token from Ethereum-based NFT project Doodles has seen 
a steep drop in market capitalization following its May 9 airdrop on the 
Solana network.
According to data from DEX Screener, DOOD&#8217;s market cap fell from over $100 
million shortly after launch to around $60 million at the time of writing.
Overall, the much-anticipated airdrop was &#8220;[d]efinitely underwhelming,&#8221; a 
crypto commentator said in a May 9 X post.
_DOOD token performance on May 9. Source:__DexScreener_
 _**Related:**__**Doodles NFT sales surge 97% ahead of DOOD token airdrop**_
## Falling NFT values
Joining the trend, NFTs in Doodle&#8217;s flagship collection sharply dropped in 
value on May 9.
The collectibles are down roughly 60% to less than 1.5 Ether (ETH) per NFT 
from about 3.5 ETH on May 8, according to OpenSea. As of May 9, the NFTs are 
collectively worth around $31 million, according to data from CoinGecko.
_The price of Doodles NFTs dropped by roughly 60% after the airdrop. 
Source:__OpenSea_
NFT prices often dip immediately after an airdrop, as holders look to 
capitalize on their allocations by selling into the market. For instance, 
sales of Doodles&#8217; NFTs surged by some 97% on May 8 in anticipation of the 
airdrop.
Over the past week, Doodles clocked roughly $2.6 million in total sales 
volume, up more than 350% from the week prior, according to data from 
CryptoSlam.
Doodles announced its token launch in February, outlining plans to mint 10 
billion DOOD tokens on Solana (SOL) and to eventually bridge them to Base, an 
Ethereum layer-2.
Doodles is the latest Ethereum-native NFT brand to list a token on the Solana 
network. It follows Pudgy Penguins, an even larger NFT project that airdropped 
its PENGU token on Solana in December.
Similarly to Doodles, Pudgy Penguin&#8217;s token dropped by around 50% on the day 
of its airdrop.
The PENGU token&#8217;s market cap reached an all-time high of roughly $2.8 billion 
and has since traded down to roughly $900 million, according to CoinGecko.
_**Magazine: **__**Crypto has 4 years to grow so big &#8216;no one can shut it 
down&#8217;: Kain Warwick, Infinex**_

Doodles NFT token stalls after airdrop

Oxbow, a decentralized finance (DeFi) platform balancing privacy and 
compliance, has removed deposit limits on its Privacy Pools tool, enabling 
unrestricted Ethereum transactions while screening illicit funds. Regulatory- 
Friendly Privacy: Oxbow’s Tool Now Accepts Large-Scale ETH Deposits Oxbow, a 
DeFi platform founded in 2023, announced Friday it has removed deposit limits 
on its Privacy Pools tool, […]

Oxbow Lifts Deposit Limits on Privacy Pools, Opens Doors to Institutional Users

**Key Takeaways:**
 * Solana&#8217;s 15% surge and potential close above the 50-week EMA signal strong bullish momentum, which previously led to a 515% rally in 2024. 
 * The $120 million in liquidity bridged to Solana reflects growing network confidence.
Solana (SOL) price gained 18% this week, signaling rising bullish momentum. 
The altcoin is approaching a pivotal point, with a potential close above the 
50-week exponential moving average (EMA), a level that has historically 
catalyzed significant rallies.
In March, SOL dipped below the 50-week EMA and briefly dropped under $100 on 
April 7. Since then, Solana has staged a strong recovery, reclaiming key EMA 
levels (100W and 200W), with the 50-week EMA (blue line) now in focus.
_Solana 1-week chart. Source: Cointelegraph/TradingView_
Historical patterns reinforce a bullish outlook. In October 2023, SOL breached 
the 50- and 100-week EMAs, consolidating above these levels before rallying 
515% by March 2024.
Notably, the relative strength index (RSI) was below 50 during both periods, 
mirroring the current setup, with the indicator rebounding above 50 after the 
50-week EMA flipped to support. If the 50-week moving average holds, the price 
targets for SOL could be between $250 and $350 by September 2025.
_Solana 1-day chart. Source: Cointelegraph/TradingView_
The daily chart bolsters this narrative. Solana recently closed above the 
200-day EMA, with immediate resistance at $180. A break above this level in 
the coming weeks and turning the range into a support level could potentially 
ignite a parabolic rally by Q3 2025.
_**Related: Solana lacks &#8216;convincing signs&#8217; of besting Ethereum: Sygnum**_
## Users bridge $165 million to Solana
In the last 30 days, over $165 million in liquidity has been bridged to Solana 
from other blockchains, reflecting growing confidence in the network. Ethereum 
led with $80.4 million in transfers, followed by Arbitrum with $44 million, 
per Debridge data. Base, BNB Chain, and Sonic contributed $20 million, $8 
million, and $6 million, respectively.
_Total transferred amount from other chains to Solana. Source: debridge_
Similarly, data from DefiLlama indicates that Solana posted the highest 
decentralized exchange (DEX) volumes, 3.32 billion, over the past 24 hours. 
The network currently holds 28.99% of the market share among other chains.
With a 28.99% market share among competing chains, Solana&#8217;s dominance in DeFi 
activity highlights its scalability and user adoption.
Currently, substantial liquidity inflows and strong DEX volumes position 
Solana for a sustained price breakout.
_**Related: Chance of Bitcoin price highs above $110K in May increasing &#8212; 
Here&#8217;s why**_
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.

Solana price gained 500% the last time this SOL metric turned bullish

Wall Street giant BlackRock met with the Securities and Exchange Commission 
(SEC) Crypto Task Force to discuss staking within crypto exchange-traded 
products (ETPs) and tokenization of securities. The discussion could advance 
institutional interest in the crypto industry.
According to a May 9 memo published by the task force, BlackRock sought to 
&#8220;[d]iscuss perspectives on treatment of staking, including considerations for 
facilitating ETPs with staking capabilities.&#8221; The company has previously said 
that Ether (ETH) exchange-traded funds, while successful, are less perfect 
without staking.
Other crypto ETF issuers share that view. On Feb. 15, the New York Stock 
Exchange proposed a rule change to introduce staking services for Grayscale&#8217;s 
spot Ether ETFs. In April, the SEC delayed a decision on whether to approve or 
disapprove the rule change. BlackRock and Grayscale are behind the largest 
Ether ETFs by market capitalization, according to Sosovalue.
_Ethereum ETFs as of May 8. Source:__Sosovalue_
Many blockchains rely on proof-of-stake consensus mechanisms that allow users 
to lock their native coins for yield. A potential SEC approval of staking for 
Ether ETFs could lead to future requests among altcoins, including Solana 
(SOL) ETFs.
## Tokenization on the agenda
BlackRock also discussed &#8220;tokenization of securities under federal securities 
regulatory framework.&#8221; Securities are traditional financial instruments where 
the investor expects monetary gain, such as bonds and stocks. Tokenizing 
securities has many benefits, including faster settlement times, lower costs 
than with traditional finance infrastructure, and 24-hour markets.
BlackRock already offers a US federal debt tokenized fund called BUIDL, the 
largest fund with a $2.9 billion market cap. Competing products include 
Franklin Templeton&#8217;s BENJI fund.
Brokerage firm Robinhood is also exploring securities tokenization. The 
company is reportedly working on a blockchain that would allow retail 
investors in Europe to trade US securities like stocks.
_**Magazine: Ethereum is destroying the competition in the $16.1T TradFi 
tokenization race**_

BlackRock, crypto task force discuss ETP staking, tokenization

Bitcoin blasted back through the psychologically charged $100,000 threshold 
for only the second time in its 16-year history, reclaiming a level last seen 
in February. As the world’s first stateless money ticked higher, SkyBridge 
Capital founder Anthony Scaramucci told podcast host Anthony “Pomp” Pompliano 
that sovereign wealth funds are already accumulating the asset and are poised 
to scale those purchases dramatically once Washington finishes writing the 
rules of the road. Sovereigns Are Pouring Billions into Bitcoin Scaramucci, 
whose new Little Book of Bitcoin chronicles his own conversion from skeptic to 
evangelist, said overseas officials are quietly adding the digital asset even 
before the United States clarifies stablecoin legislation, bank-custody 
guidance and broader tokenization rules. Related Reading: Bitcoin Resistance 
Limited Beyond $100,000, On-Chain Data Suggests When asked if sovereigns are 
buying Bitcoin secretly, Scaramucci answered: “I think they are buying it, I 
think they’re buying it on the margin,” he said, adding that regulatory green 
lights will unleash a massive wave of capital inflow. “I don&#8217;t think it&#8217;s 
going to be a gigantic ground swell of buying until we green light legislation 
in the United States,” he stated. This, in Scaramucci’s view, will make 
“people worth 10, 20, 30 trillion dollars buying a half-a-billion dollars of 
Bitcoin, buying a billion dollars of Bitcoin.” 🇺🇸 ANTHONY SCARAMUCCI JUST 
CONFIRMED THAT ALL SOVEREIGNS ARE BUYING BILLIONS OF #BITCOIN THIS IS WILD!!! 
🚀 pic.twitter.com/AInDVGR6Jh — Vivek⚡️ (@Vivek4real_) May 8, 2025 The former 
White House communications director framed today’s discreet allocations as a 
rational response to an increasingly erratic policy environment. With tariffs 
ricocheting through global supply chains and the dollar’s primacy “controlling 
the global economy,” he argued, officials outside the United States are 
searching for insurance against what he called “executive-policy behavior.” 
“We may need to be decoupled from one sovereign currency,” Scaramucci said, 
predicting that gold’s record highs and Bitcoin’s resilience during this 
year’s stock-market slump stem from the same instinct for self-protection. 
Related Reading: Bitcoin Soars Toward $100,000 As Treasury, Not Fed, Drives 
Liquidity: Expert He stopped short of predicting that Bitcoin will replace the 
dollar, but he insisted that sovereign accumulation is the precondition for an 
eventual seven-figure price tag. “If you want to see a million-dollar Bitcoin, 
that’s when somebody at a sovereign says, ‘Okay, this is part of the 
infrastructure of the world’s financial-services architecture.’” In that 
scenario, he expects official portfolios to target 1%-3% allocations—enough, 
in his view, to lift Bitcoin’s market capitalization toward gold’s $20-30 
trillion domain. Digital Gold Will Win For now, the “digital gold” thesis 
appears to be holding. While global equity indices have fallen 5%-8% since the 
latest tariff salvos, Scaramucci noted, Bitcoin is “roughly where it was at 
the beginning of the year.” Thursday’s breakout above $100,000 underscores 
that relative strength. SkyBridge itself has ridden that wave. Scaramucci 
reminded listeners that he began buying Bitcoin for his flagship fund around 
$20,000, calling the position “quite beneficial to our performance.” 
Independent fund-database figures show the $1.7 billion vehicle returned 43% 
in 2024, outpacing its hedge-fund benchmark by more than four-to-one—results 
Scaramucci attributes chiefly to the Bitcoin stake. “This is the best idea I 
have seen in my career,” he said. “I knew the risks of not jumping in were far 
greater than playing it safe.” Generational dynamics are reinforcing those 
flows. While older asset-managers still lean toward bullion, Scaramucci said, 
younger allocators already treat Bitcoin as an heirloom asset. “My 
grandchildren will end up having Bitcoin as a store of value,” he predicted. 
Still, he cautioned that widespread institutional adoption will not occur 
until the United States clarifies its regulatory stance. “If we green-light 
legislation before the end of the congressional term … then I will tell you 
that there’ll be large blocks of buying,” he said. Absent that clarity, 
purchases will remain incremental—yet even incremental flows from trillion- 
dollar institutions can tally in the billions. At press time, BTC traded at 
$103,077. Featured image created with DALL.E, chart from TradingView.com