Nearly $3 billion in Bitcoin and Ethereum options contracts are set to expire on Friday, potentially triggering short-term volatility and influencing market sentiment. Traders should prepare for possible price swings and increased market activity. Approximately $3 billion worth of Bitcoin…

Bitcoin and Ethereum on alert as $3b worth of options expire on Friday

Microsoft-backed Space and Time has launched its public and permissionless 
mainnet, which is designed to deliver zero-knowledge (ZK)-proven data directly 
to smart contracts. Empowering Developers to Build Secure, Data-Driven Onchain 
Applications Space and Time, a blockchain platform backed by tech giant 
Microsoft, has officially launched its public and permissionless mainnet. The 
platform is designed to […]

Microsoft-Backed Space and Time Launches Mainnet for Zero-Knowledge-Proven Data

Goldman Sachs&#8217; increased investment in Bitcoin ETFs signals growing 
institutional confidence, potentially driving further market adoption.
The post Goldman Sachs doubles down on BlackRock&#8217;s Bitcoin ETF, boosting 
holdings to $1.4B in Q1 2025 appeared first on Crypto Briefing.

Goldman Sachs doubles down on BlackRock’s Bitcoin ETF, boosting holdings to $1.4B in Q1 2025

The Dogecoin price appears to be on a continued rebound, with bulls regaining 
some control over the market after weeks of sideways trading and downward 
pressure. However, the momentum is being tested as strong resistance builds 
around the $0.205 level. A recent analysis highlights this crucial zone and 
outlines the roadmap for Dogecoin’s next move. Dogecoin Price Recovery Faces 
Critical Resistance TradingView crypto analyst Lingrid recently shared a 
technical analysis featuring a classic continuation pattern unfolding for 
Dogecoin. The analyst revealed that the Dogecoin price is attempting a 
recovery after rebounding from a key ascending trendline and breaking out of a 
Falling Wedge pattern. Related Reading: Dogecoin Price Ready For Next 500% 
Wave, Here’s The Target Following this, Dogecoin is now retesting the breakout 
level around $0.175, where both the wedge resistance and ascending trendline 
converge. The cryptocurrency has also formed a higher low structure on its 
price chart. Notably, this breakout zone is critical, as holding above it 
would confirm the breakout and set the stage for potential gains. Lingrid has 
revealed that traders are currently watching closely for continuation toward 
the next resistance area. The $0.19 level has been set as the next immediate 
breakout target, aligning with the top of the previous range and the midpoint 
of the broader resistance area. A push beyond $0.19 would open the door for a 
run toward the range between $0.2 &#8211; $0.21, a key resistance area where selling 
pressures could intensify. While Dogecoin’s structure remains relatively 
bullish with higher lows forming, Lingrid has also cautioned that overhead 
resistance near $0.19 and $0.2 could slow down the momentum. Notably, 
Dogecoin’s trading volume will also play a key role in its price action and 
future moves. As the price approaches the wedge apex, fluctuations in volume 
could either sustain the strength of the rally or weaken it. DOGE To Decline 
Further If Support Fails Since the beginning of this year, the Dogecoin price 
has recorded its fair share of unexpected price declines and volatility. While 
Lingrid’s analysis shares encouraging signs of a potential price recovery and 
bull rally, Dogecoin’s breakout remains at risk. Related Reading: Dogecoin 
Price Poised For Breakout Amid Accumulation, Here’s The Target If its price 
fails to hold the critical support zone at $0.175, especially with a strong 
candle close below this level, the projected breakout could be invalidated. 
This would, in turn, potentially lead to a steeper price breakdown toward 
$0.15, representing a 25% decrease from its current market value of $0.2. 
Lingrid also mentions that a failure to maintain buyer interest near the wedge 
apex and weakening volume could also contribute to market indecision, making a 
swift recovery less likely. As a result, traders are advised to watch the 
$0.175 zone closely as a key breakout point that will determine whether 
Dogecoin resumes its climb or faces renewed downward pressure. Featured image 
from Getty Images, chart from Tradingview.com

Dogecoin Price Continuation Shows Rebound, But Resistance Is Mounting At $0.205

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, […]