SOON officially launched today across major exchanges, fueling a strong post- launch rally. Alongisde SOON TGE, Soon unveiled its updated tokenomics and announced a major update to its copy-trading platform Simpfor.fun. SOON (SOON), the native token of the Solana Optimistic Network,…

SOON token debuts on major exchanges alongside tokenomics release

The U.S. Securities and Exchange Commission (SEC) has charged Alexandre 
Konanykhin with securities fraud after he allegedly swindled more than 5,000 
unsuspecting investors by inflating the value of his company’s Unicoin tokens. 
SEC Accuses Unicoin Leadership of $110M Investor Scam “Wanted dead or alive, 
Vladmir Putin, for mass murder,” the February 2022 Facebook post reads. […]

Unicoin Executive Who Put Bounty on Vladimir Putin’s Head Charged With $110M Fraud

PEPE has recently rejected a key resistance level, prompting a pullback in the 
current uptrend. However, technical indicators and market structure continue 
to signal strength, with a higher low likely forming. PEPE’s (PEPE) price 
action has cooled off after hitting…

PEPE price prediction: +10% pullback signals bullish trend continuation

**Key points:**
 * Bitcoin slipped below $109,588, but technical charts suggest traders are buying each dip.
 * Excessive leverage in Bitcoin futures increases the risk of a quick correction.
 * Select altcoins have turned down from their respective overhead resistance levels, signaling that the bears remain sellers on rallies.
Sellers have pulled Bitcoin (BTC) back below the breakout level of $109,588, 
but lower levels are likely to attract buyers. Investor interest remains 
strong, with the US spot Bitcoin exchange-traded funds witnessing inflows of 
$934 million on May 22 and $608 million on May 21, according to SoSoValue 
data.
Glassnode noted that the all-time high above $109,588 led to a total profit- 
taking volume of roughly $1 billion, far more muted than the $2 billion when 
the price rose above $100,000 in December. That shows the investors expect the 
up move to continue.
Veteran trader Peter Brandt said in a post on X that Bitcoin was on target to 
hit between $125,000 and $150,000 by the end of August.
_Crypto market data daily view. Source:__Coin360_
A strong rally attracts speculators who load up on leverage. CoinGlass data 
shows that Bitcoin futures open interest rose to just over $80 billion on May 
23. Excessive leverage increases the risk of forced liquidation when prices 
witness a sharp pullback. Therefore, traders should exercise caution.
What are the critical support levels for Bitcoin and altcoins? Let&#8217;s analyze 
the charts of the top 10 cryptocurrencies to find out.
## Bitcoin price prediction
Sellers are trying to sustain the price below the breakout level of $109,588, 
which may trap the aggressive bulls. That could pull the price to the 20-day 
exponential moving average ($103,652).
_BTC/USDT daily chart. Source: Cointelegraph/TradingView_
A solid bounce off the 20-day EMA suggests that the sentiment remains positive 
and traders are buying on dips. The bulls will then again attempt to resume 
the uptrend by pushing the price above $111,980. If they can pull it off, the 
BTC/USDT pair could dash toward the target objective of $130,000.
The first sign of weakness will be a break below the 20-day EMA. That clears 
the path for a drop to the psychologically crucial level of $100,000. Buyers 
are expected to fiercely defend the $100,000 level because a break below it 
could sink the pair to the 50-day simple moving average ($94,001).
## Ether price prediction
Ether (ETH) turned down from the $2,738 resistance, indicating that the bears 
are vigorously defending the level.
_ETH/USDT daily chart. Source: Cointelegraph/TradingView_
The ETH/USDT pair could drop to the 20-day EMA ($2,388), which is a vital 
support to keep an eye on. If the price rebounds off the 20-day EMA with 
strength, the bulls will again try to clear the $2,738 hurdle. If they do 
that, the pair could soar to $3,000. There is resistance at $2,850, but it is 
likely to be crossed.
This positive view will be invalidated in the near term if the price continues 
to fall and breaks below the 20-day EMA. The pair could plunge to $2,323 and 
then to $2,111.
## XRP price prediction
XRP (XRP) remains stuck inside the $2.65 to $2 range, indicating a balance 
between supply and demand.
_XRP/USDT daily chart. Source: Cointelegraph/TradingView_
The 20-day EMA ($2.35) is flattening out, and the RSI is near the midpoint, 
suggesting that the XRP/USDT pair may extend its stay inside the range for a 
few more days.
A break and close above $2.65 will complete a bullish inverse head-and- 
shoulders pattern, which has a target objective of $3.70. Alternatively, a 
break below the $2 level suggests that the bears have overpowered the bulls. 
That increases the likelihood of a drop to $1.60 and subsequently to $1.27.
## BNB price prediction
BNB (BNB) turned down sharply from the $693 resistance on May 23, signaling 
aggressive selling by the bears.
_BNB/USDT daily chart. Source: Cointelegraph/TradingView_
The BNB/USDT pair bounced off the 20-day EMA ($647), as seen from the long 
tail on the candlestick. That shows solid buying at lower levels. The bulls 
will again try to thrust the price above $693. If they manage to do that, the 
pair could skyrocket to the $732 to $761 resistance zone.
Instead, if the price turns down and breaks below the 20-day EMA, it suggests 
that the bulls are booking profits. The pair may then plummet to the 50-day 
SMA ($612).
## Solana price prediction
Solana (SOL) climbed above the $180 resistance on May 23, but the bears are 
posing a strong challenge at $185.
_SOL/USDT daily chart. Source: Cointelegraph/TradingView_
The upsloping 20-day EMA ($167) and the RSI in the positive zone indicate the 
path of least resistance is to the upside. If buyers sustain the price above 
$185, the SOL/USDT pair could rally to $210 and later to $220.
Contrary to this assumption, if the price turns down and breaks below the 
20-day EMA, it suggests that the bulls are rushing to the exit. That heightens 
the risk of a drop to the 50-day SMA ($147).
## Dogecoin price prediction
Dogecoin (DOGE) turned down from the $0.26 overhead resistance on May 23, 
indicating that the bears are fiercely defending the level.
_DOGE/USDT daily chart. Source: Cointelegraph/TradingView_
The DOGE/USDT pair could descend to the 20-day EMA ($0.21), which is an 
important support to watch out for. A solid bounce off the 20-day EMA signals 
a positive sentiment, improving the prospect of a break above $0.26. If that 
happens, the pair could rally to $0.35. There is resistance at $0.29, but it 
is likely to be crossed.
This optimistic view will be invalidated in the near term if the price turns 
down and breaks below $0.21. That suggests a possible range-bound action 
between $0.14 and $0.26.
## Cardano price prediction
Cardano (ADA) bounced off the neckline of the inverse H&amp;S pattern, but the 
bulls could not clear the overhead obstacle at $0.86.
_ADA/USDT daily chart. Source: Cointelegraph/TradingView_
If the price continues lower and breaks below the neckline, it shows that the 
bears are active at higher levels. The ADA/USDT pair could drop to the 50-day 
SMA ($0.69) and later to the solid support at $0.60.
Contrarily, a solid bounce off the 20-day EMA ($0.75) shows demand at lower 
levels. The bulls will then again attempt to kick the price above $0.86. If 
they succeed, the pair could ascend to $1.01.
_**Related:**__**Bitcoin&#8217;s new all-time high has traders asking: Is BTC price 
overheating at $111K?**_
## Sui price prediction
Buyers failed to push Sui (SUI) above the overhead resistance of $4.25 on May 
22, indicating that the bears are aggressively defending the level.
_SUI/USDT daily chart. Source: Cointelegraph/TradingView_
Repeated failure to cross the $4.25 level may have tempted short-term buyers 
to book profits. That pulled the price below the 20-day EMA ($3.73). If the 
price sustains below the 20-day EMA, the SUI/USDT pair could plummet to the 
50-day SMA ($3.09).
On the contrary, if the price turns up from the 20-day EMA and breaks above 
$4.25, it indicates the resumption of the up move. The pair could climb to $5 
and eventually to $5.37, where the bears are expected to step in.
## Hyperliquid price prediction
Hyperliquid (HYPE) soared above the stiff overhead resistance of $28.50 on May 
22, indicating the start of the next leg of the up move.
_HYPE/USDT daily chart. Source: Cointelegraph/TradingView_
The bulls pushed the price above the $35.73 resistance on May 23, but the long 
wick on the candlestick shows the bears are trying to defend the level. If 
buyers do not cede much ground to the bears, the HYPE/USDT pair could surge to 
$42.25.
Time is running out for the bears. If they want to make a comeback, they will 
have to swiftly drag the price back below the 20-day EMA ($26.32). That 
signals the pair has formed a local top near $37.59.
## Chainlink price prediction
Chainlink (LINK) closed above the resistance line of the descending channel 
pattern on May 22, but the bulls are finding it difficult to maintain the 
momentum.
_LINK/USDT daily chart. Source: Cointelegraph/TradingView_
The bears are trying to pull the price back into the descending channel. If 
the price skids below the neckline, it suggests that the breakout above the 
resistance line may have been a bull trap. The LINK/USDT pair could sink to 
$13.20, keeping the price stuck inside the channel for some more time.
Conversely, a solid bounce off the resistance line indicates that the bulls 
are trying to flip the level into support. The pair could rise to $18 and 
thereafter to $19.80.
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.

Price predictions 5/23: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, HYPE, LINK

Tron price remained in a tight range on Friday, a day after crypto billionaire 
Justin Sun met with Donald Trump at the exclusive VIP dinner. Tron (TRX) token 
was trading at $0.2680, a few points below this week’s high of…

Will Tron price rise as crypto billionaire Justin Sun meets Trump?

Risk appetite across traditional and cryptocurrency markets saw a sharp rise 
this week, helping United States cryptocurrency funds recover the capital lost 
to the correction of February and March, amassing over $7.5 billion worth of 
weekly inflows.
Bitcoin (BTC) surpassed its old all-time high on May 21, two days after 
President Donald Trump confirmed ongoing ceasefire negotiations between Russia 
and Ukraine in a May 19 X post.
Meanwhile, popular analyst and Global Macro Investor CEO Raoul Pal warned of 
more fiat currency debasement, urging investors to gain more exposure to 
cryptocurrencies and non-fungible tokens (NFTs), as these assets &#8220;will never 
be this cheap again.&#8221;
## Exponential currency debasement: &#8220;You don&#8217;t own enough crypto, NFTs&#8221;
Cryptocurrencies and NFTs can help investors protect their eroding purchasing 
power during an era of exponential currency debasement, according to analysts 
and industry leaders.
Investing in digital assets is becoming increasingly important in the &#8220;world 
of the exponential age and currency debasement,&#8221; according to Raoul Pal, 
founder and CEO of Global Macro Investor.
&#8220;You don&#8217;t own enough crypto. When you do, you don&#8217;t own enough NFT&#8217;s, as art 
is upstream of wealth. Both will never be this cheap again,&#8221; Pal said.
NFTs are &#8220;the single best long term store of wealth I know and you get to buy 
it before network effects kick in,&#8221; he added in another response.
_Source:__Raoul Pal_
&#8220;There is some validity to the statement that NFTs, and in extension art, 
become a vehicle for the wealthy once a certain level of wealth is reached,&#8221; 
wrote Nicolai Sondergaard, research analyst at Nansen, calling it a &#8220;natural 
move&#8221; for asset diversification.
&#8220;For traders and investors, further down the wealth curve, NFTs are partially 
about speculating on future returns,&#8221; he told Cointelegraph, adding that NFTs 
also benefit from the allure of strong communities, beyond just wealth 
creation.
**Continue reading**
## US crypto funds top $7.5 billion inflows in 2025 as investor appetite grows
Crypto investment products in the United States have attracted over $7.5 
billion worth of investment in 2025, with a fifth week of net positive inflows 
last week signaling growing investor demand for digital assets.
US-based crypto investment products attracted $785 million worth of investment 
last week, pushing the year-to-date (YTD) total to over $7.5 billion, 
according to a May 19 report by digital asset manager CoinShares.
The latest figure marks the fifth consecutive week of net positive flows, 
following nearly $7 billion in outflows during February and March.
_Weekly crypto asset flows, USD, million. Source: CoinShares_
The United States accounted for the bulk of inflows, with $681 million, 
followed by Germany at $86.3 million and Hong Kong at $24.4 million.
_Crypto flows by country. Source: CoinShares_
Investor demand for risk assets such as cryptocurrencies staged a significant 
recovery after the White House announced a 90-day pause on additional tariffs 
on May 12, which marked a 24% cut for import tariffs for both the US and 
China.
A day after the announcement, Coinbase exchange saw 9,739 Bitcoin worth more 
than $1 billion withdrawn from the exchange &#8212; the highest net outflow 
recorded in 2025, signaling that institutional appetite was &#8220;accelerating,&#8221; 
according to Bitwise&#8217;s head of European research, Andre Dragosch.
**Continue reading**
## VanEck to launch Avalanche ecosystem fund
VanEck plans to launch a private digital assets fund in June targeting 
tokenized Web3 projects built on the Avalanche blockchain network, the asset 
manager said in a statement shared with Cointelegraph.
The VanEck PurposeBuilt Fund, available only to accredited investors, aims to 
invest in liquid tokens and venture-backed projects across Web3 sectors, 
including gaming, financial services, payments, and artificial intelligence.
Idle capital will be deployed into Avalanche (AVAX) real-world asset (RWA) 
products, including tokenized money market funds, VanEck said.
The fund will be managed by the team behind VanEck&#8217;s Digital Assets Alpha Fund 
(DAAF), which oversees more than $100 million in net assets as of May 21.
&#8220;The next wave of value in crypto will come from real businesses, not more 
infrastructure,&#8221; Pranav Kanade, portfolio manager for DAAF, said in a 
statement.
_RWAs are among crypto &#8216;s fastest-growing segments. Source: __RWA.xyz_
**Continue reading**
## Yield-bearing stablecoins surge to $11 billion, now 4.5% of market: Report
Yield-bearing stablecoins have soared to $11 billion in circulation, 
representing 4.5% of the total stablecoin market, a steep climb from just $1.5 
billion and a 1% market share at the start of 2024.
One of the biggest winners is Pendle, a decentralized protocol that enables 
users to lock in fixed yields or speculate on variable interest rates. Pendle 
now accounts for 30% of all yield-bearing stablecoin total value locked (TVL), 
roughly $3 billion, according to a report from Pendle compiled by analysts 
from Spartan Group and Modular Capital shared with Cointelegraph.
The report noted that stablecoins make up 83% of its $4 billion total value 
locked, a sharp rise from less than 20% just a year ago. In contrast, assets 
such as Ether (ETH), which historically contributed 80%-90% of Pendle&#8217;s TVL, 
have shrunk to less than 10%.
Traditional stablecoins like USDt (USDT) and USDC (USDC) do not pass on 
interest to holders. With over $200 billion in circulation and US Federal 
Reserve interest rates at 4.3%, Pendle estimates that stablecoin holders are 
missing out on more than $9 billion in annual yield.
_Pendle TVL share by assets. Source: Pendle_
 _**Continue reading**_
## Tether surpasses Germany&#8217;s $111 billion of US Treasury holdings
Tether, the $151 billion stablecoin issuance giant, has surpassed Germany in 
United States Treasury bill holdings, showcasing the benefits of a diversified 
reserve strategy that has helped the firm navigate the volatility of the 
cryptocurrency market.
Tether, the issuer of the world&#8217;s largest stablecoin, USDT, has surpassed 
Germany&#8217;s $111.4 billion worth of US Treasurys, data from the US Department of 
the Treasury shows.
_Foreign countries by US Treasury holdings. Source: Ticdata.treasury.gov_
Tether has surpassed $120 billion worth of Treasury bills, the firm shared in 
its attestation report for the first quarter of 2025. That makes Tether the 
19th largest entity among all counties in terms of T-bill investments.
&#8220;This milestone not only reinforces the company&#8217;s conservative reserve 
management strategy but also highlights Tether&#8217;s growing role in distributing 
dollar-denominated liquidity at scale,&#8221; wrote Tether in the report.
During 2024, Tether was the seventh-largest buyer of US Treasurys across all 
countries, surpassing Canada, Taiwan, Mexico, Norway, Hong Kong and numerous 
other countries, Cointelegraph reported in March 2025.
**Continue reading:**
## DeFi market overview
According to data from Cointelegraph Markets Pro and TradingView, most of the 
100 largest cryptocurrencies by market capitalization ended the week in the 
green.
Worldcoin (WLD) rose over 32% as the week&#8217;s biggest gainer in the top 100, 
followed by the Hyperliquid (HYPE) token, up over 30% on the weekly chart.
_Total value locked in DeFi. Source: DefiLlama_
Thanks for reading our summary of this week&#8217;s most impactful DeFi 
developments. Join us next Friday for more stories, insights and education 
regarding this dynamically advancing space.