The Pi Coin price dropped on Tuesday as the recent comeback took a breather, with investors starting to take profits. Pi Network (PI) token was trading at $1.1475 at press time, down 31% from its highest point on Monday. This…

Pi Coin price drops, but Elliot Wave points to a comeback

Yuga Labs, the Web3 company behind Bored Ape Yacht Club, has sold the 
intellectual property rights of the CryptoPunks NFT collection to the Infinite 
Node Foundation. The move, announced by the foundation on Tuesday, marks a 
significant shift for one…

Yuga Labs sells CryptoPunks rights to Infinite Node Foundation

Decentralized exchange Uniswap has introduced ‘one-click swaps’, according to 
an announcement on May 13, 2025. Uniswap (UNI) said the launch of the new 
feature, live on the decentralized exchange’s web application, supports smart 
wallets that are compliant with Ethereum (ETH)…

Uniswap introduces one-click token swaps

Solana has rallied more than 22% since last Thursday, riding the wave of 
renewed bullish momentum across the broader crypto market. As Bitcoin pushes 
toward all-time highs and Ethereum breaks key resistance levels, Solana has 
followed suit with impressive strength. The price surged to a local high of 
$181 before encountering resistance, where it now consolidates just below that 
mark, searching for support to fuel the next leg higher. Related Reading: 
Ethereum Hits Major Level After Biggest Weekly Candle In Years – What Comes 
Next? While price action cools at a pivotal level, on-chain data shows 
significant growth in Solana’s user base. According to Glassnode, the number 
of wallets holding 0.1 SOL or more has surged to 11.04 million in the past two 
weeks. This rapid increase in smallholder wallets points to a rising wave of 
adoption and network participation, particularly as interest in altcoins 
intensifies. Solana’s consolidation just under $181 may act as a healthy pause 
before a continuation if bullish momentum persists. With the market heating up 
and retail interest returning, the current price structure could offer the 
foundation for a strong breakout in the coming sessions. The combination of 
price performance and rising user engagement suggests Solana may be 
positioning for a larger role in the next phase of the bull cycle. Solana 
Holds Key Support As Wallet Growth Signals Optimism Solana is now facing a 
crucial test as it consolidates just below the $181 resistance zone. After a 
sharp 22% rally over the past week, bulls must defend current levels to 
validate the uptrend and sustain momentum. Holding above the $170–$175 support 
range would confirm strength and could pave the way for a renewed push toward 
the $200 level. However, the path forward isn’t without risk. The broader 
macroeconomic environment remains fragile, with persistent fears of a global 
slowdown and continued uncertainty around inflation and interest rate policy. 
Despite these headwinds, the crypto market is staging a powerful recovery, and 
Solana is among the top performers. This rally may be more than just a short- 
term bounce—it could mark the early stages of a larger bullish phase with 
significant upside potential. Investor sentiment is improving, and so is user 
engagement across key ecosystems. Top analyst Ali Martinez shared compelling 
on-chain data that reinforces this perspective. According to Glassnode, the 
number of wallets holding 0.1 SOL or more has surged to 11.04 million over the 
last two weeks. This rapid growth in smaller holders suggests growing retail 
interest and a widening user base—critical indicators for long-term strength. 
If bulls can maintain control at current levels and macro conditions don’t 
worsen, Solana could be poised for a major move. The combination of technical 
momentum and on-chain engagement provides a strong foundation for the next leg 
higher. All eyes are now on whether the $181 resistance breaks—or if Solana 
needs more time to build strength before the next phase of the rally begins. 
Related Reading: Ethereum Recovery Gains Strength: Massive Comeback Above Key 
Support Solana Faces Resistance As Price Pulls Back To Retest Support Solana 
(SOL) is consolidating just below the $181 level after a strong 22% rally from 
last week. As shown in the chart, price action surged above both the 200-day 
EMA ($161.88) and 200-day SMA ($181.11), signaling renewed bullish momentum. 
However, the current pullback from $180 to around $173.48 shows that the $181 
level is acting as a key resistance, which has previously served as a 
rejection zone multiple times in the past. Volume remains healthy, and the 
recent move shows strong market participation, but bulls now need to hold the 
$170–$172 range to maintain control. A successful retest of this area as 
support could set the stage for a breakout above $181. Failing to hold above 
this zone, however, could trigger a correction back to the $160–$165 region, 
near the 200 EMA. Related Reading: HYPE Bulls Regain Control After Sharp 
Recovery – Approaching Yearly Highs? Technically, SOL is attempting to break a 
multi-month downtrend and is forming a higher high structure for the first 
time since late December. The convergence of the moving averages suggests a 
pivotal moment. If buyers step in with conviction, a move toward $200 becomes 
likely. Until then, traders will closely watch the $181 level for a decisive 
breakout or rejection. Featured image from Dall-E, chart from TradingView

Solana Network Activity Grows As 11M Wallets Now Hold 0.1 SOL Or More – Analyst

On Tuesday, May 13, the cryptocurrency market is valued at $3.33 trillion, 
marking a 0.44% increase in the past 24 hours. While bitcoin posted a 10% 
weekly rise, ethereum’s striking 44% climb—paired with a wave of double-digit 
gains across several altcoins—has prompted growing speculation that the often- 
discussed ‘Altcoin Season’ may be near. Crypto Market Swells […]

Is This the Start of ‘Altcoin Season’? Bitcoin Nears Record High as Altcoins Ignite

Investment firm VanEck is launching a tokenized real-world asset (RWA) fund 
that offers exposure to US Treasury bills, developed in partnership with 
tokenization platform Securitize. The initiative places VanEck among a growing 
number of traditional finance firms entering the RWA tokenization space.
The fund, called VBILL, will be initially available on Avalanche, BNB Chain, 
Ethereum and Solana blockchains, VanEck said in a May 13 statement. The fund&#8217;s 
minimum subscriptions start at $100,000 for investments running on Avalanche, 
BNB Chain, and Solana, while the minimum subscription on Ethereum is $1 
million.
VanEck joins a burgeoning field of traditional financial firms that have 
launched RWA tokenized funds, with competitors including BlackRock and 
Franklin Templeton. In January, Apollo, an investment firm with $751 billion 
in assets under management, also launched a private credit tokenized fund.
With a market capitalization of $6.9 billion, US Treasurys are among the 
largest asset classes in tokenized funds, second only to private credit, 
according to data from RWA.xyz.
VanEck&#8217;s partner, Securitize, has tokenized over $3.9 billion in assets. In 
May 2024, it raised $47 million in a strategic funding round led by BlackRock.
_US Treasury tokenized market over time. Source:__RWA.xyz_
Tokenization of real-world assets has many benefits that outpace traditional 
finance systems, including faster settlement times and liquidity to previously 
illiquid assets, advocates say.
_**Related:**__**&#8217; Everything is lining up&#8217; &#8212; Tokenization is having its 
breakout moment**_
## SEC Chair Atkins on RWA tokenization
At the Securities and Exchange Commission&#8217;s (SEC&#8217;s) roundtable on May 12, 
Chair Paul Atkins compared the moving of securities onchain to the transition 
of songs from analog to digital.
&#8220;Just as the shift to digital audio revolutionized the music industry, the 
migration to onchain securities has the potential to remodel aspects of the 
securities market by enabling entirely new methods of issuing, trading, 
owning, and using securities,&#8221; Atkins said.
&#8220;Blockchain technology holds the promise to allow for a broad swath of novel 
use cases for securities, fostering new kinds of market activities that many 
of the Commission&#8217;s legacy rules and regulations do not contemplate today,&#8221; he 
added.
_**Magazine:**__**Ethereum is destroying the competition in the $16.1T TradFi 
tokenization race**_