Wintermute, a global algorithmic crypto trading firm and over-the-counter (OTC) desk, opened its U.S. headquarters in New York City on May 15, 2025, and appointed former Blockchain Association lobbyist Ron Hammond as head of policy and advocacy. Crypto Liquidity Provider Wintermute Sets Up New York Headquarters According to the announcement shared with Bitcoin.com News, Wintermute’s […]

Crypto Trading Firm and OTC Desk Wintermute Enters US Market

XRP’s regulatory clarity remains rock-solid as Ripple’s legal chief confirms 
its non-security status is untouched, even after a court setback stalls a 
proposed SEC deal. Ripple Legal Chief Defuses Panic After Court Rejects SEC 
Deal Over XRP Ripple’s chief legal officer, Stuart Alderoty, addressed the 
crypto community on Thursday following a court ruling that denied […]

Ripple Confirms XRP Victory Stands as SEC Deal Collapses in Court

The State of Wisconsin Investment Board (SWIB), which oversees the state&#8217;s 
retirement funds, unloaded its shares in BlackRock&#8217;s iShares Bitcoin Trust ETF 
(IBIT) during the first quarter, filings show.
The Wisconsin Investment Board reported no spot Bitcoin ETF positions in its 
13F filing to the US Securities and Exchange Commission on May 15, liquidating 
all 6,060,351 IBIT shares it reported holding from the previous quarter.
The more than 6 million IBIT shares are worth around $355.6 million at current 
prices.
SWIB was one of the first state investment funds to provide Bitcoin exposure 
to US retirees when it bought $164 million worth of Bitcoin ETFs in Q1 2024 &#8212; 
the same quarter the Bitcoin products launched.
_Source:__Julian Fahrer_
The mass sell-off comes only a quarter after SWIB reported additional 
purchases of IBIT shares in Q4, while reallocating all 1 million shares held 
in the Grayscale Bitcoin Trust (GBTC) to IBIT.
SWIB reported managing more than $166 billion worth of assets at the end of 
2024, meaning the Bitcoin ETFs represented around 0.2% of SWIB&#8217;s entire 
portfolio before it sold them off.
_**Related:**__**Jim Chanos takes opposing bets on Bitcoin and Strategy**_
Meanwhile, Abu Dhabi sovereign wealth fund Mubadala snapped up another 491,439 
shares of IBIT in Q1, according to its latest 13F filing.
Its purchases brought Mubadala&#8217;s total IBIT shares to 8,726,972 as of March 
31, worth around $512 million at current prices.
## IBIT has been on a tear
IBIT&#8217;s net inflows surpassed the $45 billion mark on May 14 after recording a 
net inflow of $232.9 million, Farside Investors data shows. 
IBIT&#8217;s impressive 20-day streak of net inflows came to an end the day before 
&#8212; May 13 &#8212; when it registered a &#8220;0&#8221; inflow on the day. The BlackRock-issued 
Bitcoin product still hasn&#8217;t seen an outflow since April 9 &#8212; more than five 
weeks ago.
The Fidelity Wise Origin Bitcoin Fund (FBTC) and the ARK 21Shares Bitcoin ETF 
(ARK) trail IBIT in all-time net inflows at $11.6 billion and $2.7 billion, 
respectively.
_Flow data of the 11 US-based spot Bitcoin ETFs since April 28. 
Source:__Farside Investors_
 _**Magazine:**__**Crypto wanted to overthrow banks, now it &#8216;s becoming them 
in stablecoin fight**_

Wisconsin Investment Board sold off its Bitcoin ETF stash

Patrick McHenry, who served as chairman of the House Financial Services 
Committee from 2023 to 2025, explained that the private opinion of former SEC 
Chair Gary Gensler on cryptocurrency differed from his public actions. He 
attributed Gensler&#8217;s anti-crypto stance to progressive ideology and Senate 
politics. Former Representative Patrick McHenry: Gensler Opposed Crypto Due to 
Senate […]

Former Rep. McHenry: Gensler’s Anti-Crypto Stance Tied to Senate Politics

Solana (SOL) is trading around key levels after reaching a local high of $184, 
struggling to hold support above the $170 zone. This price region is shaping 
up to be a pivotal battleground, as bulls aim to extend the rally while some 
analysts warn of an incoming retracement. Optimism remains strong across the 
market, with altcoins gaining momentum alongside Bitcoin and Ethereum. 
However, conflicting views persist, with several traders cautioning that 
Solana may be overheated in the short term following its recent surge. Related 
Reading: $1.2B In Ethereum Withdrawn From CEXs – Strong Accumulation Signal 
Supporting the bullish narrative, new data from Glassnode shows that Solana 
may be undergoing a trend reversal. After months of realized cap outflows, 
SOL’s 30-day capital inflows have turned positive, currently growing at a 
steady rate of 4–5%, a pace similar to that of XRP. This uptick in capital 
inflow indicates renewed demand entering the ecosystem, hinting that investors 
may be positioning for further upside. As the broader crypto market heats up, 
Solana’s ability to stay above the $170 level will be crucial in determining 
short-term direction. A confirmed hold could pave the way for a push toward 
new highs, while a breakdown might trigger a deeper retrace. Renewed Demand 
And Key Resistance Define Next Move Solana is currently trading above a 
critical demand zone, showing strength as it holds firmly above the $170 
level. However, to confirm the continuation of a sustained bullish rally, SOL 
must break and close decisively above the $185 resistance level. This region 
has acted as a strong ceiling in recent price action, and reclaiming it would 
likely unlock the momentum needed for further gains. The current rally across 
the broader crypto market, including Bitcoin and Ethereum, has fueled optimism 
that a larger bullish phase may be underway. For Solana, this could mark the 
start of a powerful trend reversal after months of volatility and uncertainty. 
Importantly, on-chain data supports this bullish case. According to Glassnode, 
Solana has reversed its negative realized cap flows, with its 30-day capital 
inflows now back in positive territory. These inflows are growing at a rate of 
approximately 4–5%, comparable to what is currently being observed in XRP. 
This shift signals a return of investor confidence and renewed demand within 
the Solana ecosystem. Such metrics are critical, as they reflect actual 
capital commitments rather than just speculative sentiment. If momentum 
continues and SOL reclaims the $185 level, it could trigger an aggressive 
breakout and lead the altcoin sector higher. The next few days will be crucial 
for Solana. Holding above support while attempting to break resistance could 
define the structure of the next major move. A successful push higher would 
support the idea that Solana is not only recovering but potentially leading 
the next phase of altcoin expansion. Traders and investors alike are watching 
closely as this key test unfolds. Related Reading: Ethereum MVRV Pricing Bands 
Show Key Resistance Around $3,100 Level – Details Solana Finds Support Above 
200-EMA But Faces Resistance Near $181 Solana is currently trading at $170.48 
after a sharp pullback from the recent local high near $184. As shown on the 
chart, the price briefly pushed above both the 200-day EMA ($162.21) and SMA 
($181.16), two key technical indicators closely watched by traders. This move 
signaled strength but was quickly met with selling pressure just below a 
significant resistance zone near the $185 level — the same region where 
multiple failed attempts have occurred in the past. Despite the recent 3.5% 
daily drop, the price action remains bullish as long as SOL holds above the 
200EMA. The higher low structure remains intact, and the recent retrace could 
be viewed as a healthy consolidation if bulls defend this range. A sustained 
move above the 200SMA at $181.16 would likely trigger a fresh wave of bullish 
momentum and open the door for a push toward the $200-$220 area. Related 
Reading: XRP Open Interest Surges 41% As Speculation Grows – Over $1B Added In 
Just One Week Volume remains elevated, suggesting active participation, though 
a drop in buying interest may signal caution. If the $162 zone fails to hold, 
a deeper retrace toward $150 is possible. For now, all eyes are on whether SOL 
can reclaim $181 with strength and set the stage for a sustained breakout. 
Featured image from Dall-E, chart from TradingView

Solana Sees Renewed Demand As Capital Flows Turn Positive – Details

This content is provided by a sponsor. As of April 2025, Solana’s 
decentralized application (dApp) ecosystem has seen significant swings in 
revenue and activity. Here’s a look at the latest trends—and the emerging 
opportunities they reveal: Recent Revenue Trends In March 2025, Solana’s dApp 
ecosystem generated $146 million in total revenue, capturing 46% of all […]