Strategy, formerly known as MicroStrategy, has acquired another 7,390 BTC. The Bitcoin (BTC) was purchased with approximately $764.9 million between May 12 and May 18, pushing Strategy’s total holdings to 576,230 BTC, according to an SEC filing on Monday. The…

Strategy adds $765m in Bitcoin, holdings top 576,000 BTC amid treasury shift

Crypto.com and asset manager Canary Capital are launching a US investment fund 
designed to provide exposure to the Cronos blockchain&#8217;s native token, CRO, the 
cryptocurrency exchange said in a statement.
The Canary CRO Trust will hold the Cronos (CRO) token in a regulated fund 
wrapper, Crypto.com said, adding that the trust is not an exchange-traded fund 
(ETF) and is only available to accredited investors.
Creating regulated funds such as CRO Trust is part of Crypto.com&#8217;s plan for 
&#8220;further mainstreaming crypto,&#8221; Eric Anziani, president and chief operating 
officer of Crypto.com, said in a statement.
In March, the crypto exchange partnered with Trump Media &amp; Technology Group, a 
company affiliated with US President Donald Trump, to launch a series of 
Trump-branded ETFs, including one holding CRO.
The Trump Media ETFs are still awaiting approval from the US Securities and 
Exchange Commission (SEC), which has not yet authorized any CRO ETFs for US 
trading, Crypto.com said.
_Cronos has a total value locked of nearly $440 million. Source:__DefiLlama_
 _**Related:**__**21Shares launches ETP for Crypto.com&#8217;s Cronos token**_
### Cronos ecosystem
Cronos is a layer-1 blockchain network affiliated with Crypto.com. The chain 
is designed to integrate with the Ethereum and Cosmos ecosystems and support 
decentralized finance (DeFi) applications, non-fungible tokens (NFTs), and 
other Web3 applications.
The chain has a total value locked (TVL) of nearly $440 million, according to 
data from DefiLlama. Its most popular application is VVS Finance, a DeFi 
platform for token swaps and yield farming.
The CRO token has a market capitalization of roughly $880 million as of May 
19, according to Cointelegraph&#8217;s market data.
### Altcoin ETF filings
Since Trump took office in January, he has signaled a more crypto-friendly 
approach to regulation, prompting asset managers to seek to list roughly 70 
new crypto ETFs.
In May, asset manager VanEck filed to list an ETF tied to another exchange- 
affiliated token, BNB Chain&#8217;s native BNB. The chain is affiliated with 
Binance, the world&#8217;s largest centralized exchange.
The same month, 21Shares launched an exchange-traded product (ETP) in Europe 
offering exposure to Crypto.com&#8217;s CRO token.
_**Magazine: **__**Rise of MicroStrategy clones, Asia dominates crypto 
adoption: Asia Express 2024 review**_

Crypto.com and Canary Capital to launch US CRO fund

Circle&#8217;s potential sale could reshape crypto market dynamics, influencing 
stablecoin governance and impacting IPO strategies amid economic 
uncertainties.
The post Circle explores possible sale to Coinbase or Ripple amid IPO plans 
appeared first on Crypto Briefing.

Circle explores possible sale to Coinbase or Ripple amid IPO plans

Grass, the decentralized web crawling and AI infrastructure token, has seen 
its price drop over 9% today, trading at $1.96. Despite this pullback, 
analysts are suggesting that the token may be primed for a breakout, given its 
strong technical indicators…

GRASS crypto dips over 9%, but analysts believe it could be poised for a breakout

Bitcoin ETFs notched a fifth straight week of net inflows, bringing in $603.74 
million, with Blackrock’s IBIT once again leading the charge. Ether ETFs 
joined the rally, posting an inflow of $41.59 million. Bitcoin and Ether ETFs 
Log Strong Inflows Despite Broad Market Mixed Signals Crypto exchange-traded 
fund (ETF) momentum held strong last week as […]

ETF Weekly Recap: Bitcoin ETFs Score Fifth Straight Week of Inflows With $604 Million Boost

**Key points:**
 * Bitcoin&#8217;s rejection at $107,000 shows sellers are active at higher levels, but the recovery from the intraday low shows solid buying.
 * Strategy and Metaplanet continue to accumulate Bitcoin, adding steady buy-side pressure to BTC price. 
 * Select altcoins have pulled back, but they have not yet turned negative.
Bitcoin&#8217;s (BTC) attempt to challenge the all-time high faced a strong 
rejection near $107,100 on May 19, signaling that the bears are unlikely to 
give up without a fight. However, the long tail on the candlestick shows solid 
buying at lower levels.
The short-term uncertainty has not deterred the long-term buyers from 
accumulating more Bitcoin. Strategy, formerly MicroStrategy, announced the 
purchase of 7,390 Bitcoin for an average price of about $103,500, taking its 
total holding to 576,230 Bitcoin. 
Similarly, Japanese investment firm Metaplanet said on May 19 that it acquired 
1,004 Bitcoin, boosting its total to 7,800 Bitcoin.
_Crypto market data daily view. Source:__Coin360_
Although Bitcoin&#8217;s trend remains bullish, repeated failure to break above the 
overhead resistance may tempt short-term traders to book profits. That 
increases the risk of a break below the psychological level of $100,000.
What are the crucial support and resistance levels to watch out for in Bitcoin 
and altcoins? Let&#8217;s analyze the charts of the top 10 cryptocurrencies to find 
out.
## S&amp;P 500 Index price prediction
The S&amp;P 500 Index (SPX) extended its up move last week, indicating continued 
buying by the bulls.
_SPX daily chart. Source: Cointelegraph/TradingView_
The upsloping 20-day exponential moving average (5,712) and the relative 
strength index (RSI) near the overbought zone signal an advantage to buyers, 
but the up move is expected to face significant resistance in the 6,000 to 
6,147 zone.
If the price turns down from the overhead zone, the index could find support 
at 5,800 and then at the 20-day EMA. If the price rebounds off the 20-day EMA, 
the bulls will again try to drive the index to the all-time high. Sellers will 
have to tug the price below the 20-day EMA to break the bullish momentum.
## US Dollar Index price prediction
The relief rally in the US Dollar Index (DXY) hit a wall at the 50-day simple 
moving average (101.67) on May 12, indicating that the bears are selling on 
rallies.
_DXY daily chart. Source: Cointelegraph/TradingView_
The index is likely to find support at the 100.27 level. If the price rebounds 
off 100.27, the bulls will again try to kick the index above the 50-day SMA. 
If they manage to do that, the index could pick up momentum and surge toward 
103.54. Such a move signals that the corrective phase may be over.
Sellers will retain the advantage if the price closes below the 100.27 
support. That opens the doors for a retest of the 99 level.
## Bitcoin price prediction
Bitcoin broke above the overhead resistance at $105,820 on May 18, but the 
bulls could not sustain the momentum.
_BTC/USDT daily chart. Source: Cointelegraph/TradingView_
Sellers are expected to fiercely defend the zone between $107,000 and 
$109,588. The 20-day EMA ($100,787) is the crucial support to watch out for on 
the downside. A rebound off the 20-day EMA suggests the positive sentiment 
remains intact. The bulls will again try to clear the overhead zone. If they 
succeed, the BTC/USDT pair could skyrocket toward $130,000.
This positive view will be invalidated in the near term if the price continues 
to fall and breaks below the psychologically crucial $100,000 support. The 
pair could then plummet to the 50-day SMA ($91,916).
## Ether price prediction
Ether&#8217;s (ETH) bounce off the 20-day EMA ($2,288) on May 18 fizzled out near 
$2,600, signaling that the bears have kept up the pressure.
_ETH/USDT daily chart. Source: Cointelegraph/TradingView_
Sellers tried to pull the price below the 20-day EMA, but the long tail on the 
candlestick shows solid buying at lower levels. The bulls will try to kick the 
price above the $2,738 resistance, opening the gates for a rally to $3,000. 
There is minor resistance at $2,850, but it is likely to be crossed.
Contrarily, a break and close below the 20-day EMA tilts the advantage in 
favor of the bears. The ETH/USDT pair could then slump to $2,111.
## XRP price prediction
XRP (XRP) remains stuck inside the $2.65 to $2 range, indicating buying near 
the support and selling close to the resistance.
_XRP/USDT daily chart. Source: Cointelegraph/TradingView_
The XRP/USDT pair bounced off the 20-day EMA ($2.34) on May 17, but the bulls 
are facing selling at higher levels. If the price sustains below the 20-day 
EMA, the pair could stay inside the range for some more time. The price action 
inside the range is expected to be random and volatile.
The next trending move is likely to begin on a break above $2.65 or below $2. 
If buyers pierce the $2.65 resistance, the pair could travel to $3.
## BNB price prediction
BNB (BNB) bounced off the 20-day EMA ($635) on May 18, but the higher levels 
attracted selling by the bears.
_BNB/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 rises and maintains above 
$644, the bulls will again try to drive the BNB/USDT pair above $680. If they 
succeed, the pair may start its northward march toward the overhead resistance 
of $745.
Contrary to this assumption, a break and close below the 20-day EMA clears the 
path for a decline to the 50-day SMA ($606) and later to $580.
## Solana price prediction
Solana (SOL) turned up from the 20-day EMA ($163) on May 17, but the bulls 
could not push the price above the $180 resistance.
_SOL/USDT daily chart. Source: Cointelegraph/TradingView_
Sellers are trying to pull and retain the price below the 20-day EMA. If they 
manage to do that, the SOL/USDT pair could tumble to $153 and, after that, to 
the 50-day SMA ($143). That points to a possible range-bound action between 
$180 and $120 in the near term.
The bulls will have to propel the price above the $185 level to regain 
control. The pair could then pick up momentum and rally to $210 and 
subsequently to $220.
_**Related:**__**XRP price risks falling to $2 after classic bearish chart 
pattern confirms**_
## Dogecoin price prediction
Buyers successfully defended the breakout level of $0.21 on May 17 but are 
struggling to sustain the bounce in Dogecoin (DOGE).
_DOGE/USDT daily chart. Source: Cointelegraph/TradingView_
Sellers will try to make a comeback by pulling the price below $0.21. If they 
do that, the DOGE/USDT pair could slide to the 50-day SMA ($0.18). That 
signals a possible range formation between $0.26 and $0.14.
Buyers will have to thrust the price above the $0.26 resistance to signal the 
resumption of the recovery. There is minor resistance at $0.30, but it is 
likely to be crossed. The pair may then ascend to $0.35.
## Cardano price prediction
Cardano (ADA) has broken below the neckline of the inverted head-and-shoulders 
pattern, indicating that the bulls are losing their grip.
_ADA/USDT daily chart. Source: Cointelegraph/TradingView_
The next support is at the 50-day SMA ($0.68). If the price turns up from the 
50-day SMA, the bulls will try to push the ADA/USDT pair above the neckline. 
If they can pull it off, the pair could retest the $0.86 level. A break and 
close above the $0.86 resistance clears the path for a rally to $1.01.
Conversely, a break and close below the 50-day SMA suggests the markets have 
rejected the breakout above the neckline. That increases the risk of a drop to 
$0.58.
## Sui price prediction
Sui&#8217;s (SUI) bounce off the 20-day EMA ($3.67) turned down from the $3.90 to 
$4.25 zone, indicating that the bears are active at higher levels.
_SUI/USDT daily chart. Source: Cointelegraph/TradingView_
The pullback could deepen if the price breaks and sustains below the 20-day 
EMA. If that happens, the SUI/USDT pair could skid to $3.12 and then to the 
50-day SMA ($2.97).
On the contrary, if the price snaps back from the 20-day EMA and rises above 
$3.90, it suggests a positive sentiment. That enhances the prospects of a 
break above the $4.25 level. The pair could then surge to $5. Sellers are 
expected to fiercely defend the zone between $5 and the all-time high of 
$5.37.
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.