Invest ideasNews
21 May 2026, 06:46
Could Morgan Stanley’s Solana ETF bid revive SOL price momentum?
Solana price has struggled to hold above $90 this month, Morgan Stanley’s proposed spot SOL ETF could offer fresh momentum for the token. According to Coingecko data, Solana (SOL) briefly climbed to nearly $93 on May 15 before losing momentum again, with sellers repeatedly defending the $94 to $96 range that has acted as a heavy resistance zone on the daily chart. Why is SOL price struggling? Trading activity across the Solana network has slowed compared to the frenzy seen during the memecoin boom that fueled much of the chain’s explosive growth through 2024 and early 2025. Data from multiple on-chain trackers has shown a visible cooldown in decentralized exchange volumes and network fee generation over recent months, reducing the organic demand that previously came from users buying and locking SOL for gas fees and liquidity activity. At the same time, Solana’s transition toward more sustainable infrastructure-driven growth has yet to fully compensate for the decline in speculative retail trading. Developers behind the network’s upcoming Alpenglow upgrade have promoted the update as a major improvement focused on ultra-fast transaction finality and enterprise-grade performance, though adoption from those use cases could take time to materially impact demand. Institutional sentiment also took a hit after recent 13F filings revealed that Goldman Sachs exited its exposure to Solana and XRP exchange-traded funds during the first quarter. The disclosures arrived just as traders were attempting to push SOL back into a stronger recovery trend, adding pressure to an already fragile market environment. Several publicly traded firms holding large Solana reserves on their balance sheets have meanwhile remained under scrutiny as SOL trades far below previous acquisition levels. Companies including Sol Strategies and Forward Industries are sitting on sizeable unrealized losses, a factor that has raised concerns among traders about potential liquidation risks if market conditions worsen further. Pressure across the wider crypto market has added another obstacle. Bitcoin recently slipped below $77,000 while sentiment indicators such as the Crypto Fear and Greed Index moved into fear territory. SOL remains in demand Despite the weak price action, institutional appetite for Solana investment products has not disappeared. Data from SoSoValue showed spot Solana ETFs continued attracting steady inflows throughout May. The products recorded $26.6 million in net inflows on May 11, followed by another $19.1 million on May 12 and $21.3 million on May 6. Cumulative net inflows across spot SOL ETFs have now climbed to roughly $1.1 billion, while total net assets remained close to the $1 billion level for most of the month. Morgan Stanley’s amended S-1 filing for its proposed spot Solana ETF, which would trade under the ticker MSOL, has also introduced a fresh bullish narrative around the asset. In its revised filing, Morgan Stanley identified Coinbase Custody and BNY Mellon as key service providers while expanding details around how the fund would operate. Because Morgan Stanley oversees trillions of dollars in client assets, approval of the proposed ETF could potentially open access to new pools of institutional capital ranging from retirement portfolios to corporate treasury allocations. Another detail attracting attention is the fund’s proposed staking structure. Unlike earlier crypto ETFs that simply track spot prices, the filing states that the trust could stake up to 100% of its Solana holdings through third-party staking providers. Analysts following the proposal said the mechanism could turn the ETF into a yield-generating investment product while simultaneously reducing the liquid SOL supply available on the open market. If large quantities of tokens become locked through institutional staking activity, the resulting supply compression could help absorb overhead selling pressure that has repeatedly capped SOL in recent weeks. SOL price analysis On the daily chart, Solana continues trading below its key long-term moving averages despite recent attempts to stabilize near the mid-$80 region. SOL/USD 1-D price chart. Source: TradingView. The 20-day exponential moving average currently sits near $87.82, while the 50-day EMA is positioned around $87.66. SOL has been fluctuating around those levels throughout May, showing that buyers and sellers remain locked in a short-term battle for trend control. Further overhead resistance appears near the 100-day EMA around $92.85, which aligns closely with the rejection zone near $93 seen earlier this month. Above that, the 200-day EMA near $109.36 remains the major macro resistance level bulls would need to reclaim before any larger trend reversal gains credibility. Volume patterns on the chart suggest buying activity has improved modestly since the sharp February decline, although conviction remains limited. On Balance Volume, or OBV, has gradually recovered from recent lows and currently sits near 59.67 million, indicating accumulation pressure has started improving even while price action remains compressed below resistance. Recent candles also show SOL attempting to build a higher base after months of lower lows, though the token has not yet produced a decisive breakout structure on the daily timeframe. For now, sustained closes above the $90 to $93 area would likely be needed to confirm renewed bullish momentum. Failure to reclaim that range could leave SOL vulnerable to another retest of support zones closer to the low-$80 region if macro market conditions deteriorate again. The post Could Morgan Stanley’s Solana ETF bid revive SOL price momentum? appeared first on Invezz
21 May 2026, 06:44
NHN KCP processes $38B in stablecoin payments on AVAX
🚀 NHN KCP processed $38 billion in payments using $AVAX-backed stablecoins. Staff completed everyday transactions with instant QR-based payments. Continue Reading: NHN KCP processes $38B in stablecoin payments on AVAX The post NHN KCP processes $38B in stablecoin payments on AVAX appeared first on COINTURK NEWS .
21 May 2026, 06:30
South Korea, KRW-pegged stablecoins, and a look at Tether’s next possible move
The world’s largest stablecoin issuer is moving ahead in South Korea.
21 May 2026, 06:30
Transit Swap Hacker Moves $1.8 Million in Stolen ETH to Tornado Cash
BitcoinWorld Transit Swap Hacker Moves $1.8 Million in Stolen ETH to Tornado Cash The hacker responsible for the recent exploit of Transit Finance has moved a significant portion of the stolen funds, transferring 832.9 ETH—worth approximately $1.8 million—to the cryptocurrency mixing service Tornado Cash. The transaction was flagged by blockchain security firm CertiK, which has been monitoring the wallet address starting with 0x9db8 since the attack was discovered earlier this month. Details of the Fund Movement CertiK reported the transfer on Thursday, noting that the movement of funds to Tornado Cash is a common tactic used by hackers to obfuscate the trail of stolen cryptocurrency. Tornado Cash is a decentralized privacy protocol that mixes transactions, making it significantly harder for law enforcement and blockchain analytics firms to trace the funds to a final destination or cash-out point. The 832.9 ETH transfer represents a substantial portion of the roughly $1.88 million in total assets stolen from Transit Finance during the exploit. The incident, which came to light on [insert date of initial report if known, otherwise remove], involved a vulnerability in the decentralized exchange aggregator’s smart contract, allowing the attacker to drain funds from liquidity pools. Timeline of the Transit Finance Exploit The attack on Transit Finance was first detected by CertiK’s Skynet monitoring system, which flagged unusual transaction patterns. The platform, which facilitates token swaps across multiple blockchain networks, suffered a loss of approximately $1.88 million in various cryptocurrencies, primarily in Ethereum and stablecoins. Following the initial exploit, the hacker’s wallet remained largely dormant for several days, leading to speculation about the attacker’s next move. The recent transfer to Tornado Cash marks the first major movement of the stolen assets. Implications for DeFi Security and Privacy The use of Tornado Cash in this case highlights ongoing tensions between privacy tools and regulatory compliance in the decentralized finance (DeFi) sector. While privacy mixers serve legitimate purposes for users seeking financial anonymity, they are frequently exploited by malicious actors to launder stolen funds. This incident is likely to renew calls for stricter oversight of such protocols, particularly in jurisdictions where they are already under legal scrutiny. For Transit Finance users and the broader DeFi community, the movement of funds to a mixer often signals that the hacker intends to liquidate the assets, making recovery efforts more challenging. The incident underscores the persistent security risks facing DeFi platforms and the importance of rigorous smart contract audits and real-time monitoring. Conclusion The transfer of $1.8 million in stolen ETH to Tornado Cash marks a significant development in the Transit Finance hack saga. While the funds are now harder to trace, the incident serves as a stark reminder of the security vulnerabilities that continue to plague the DeFi ecosystem. CertiK and other security firms will likely continue to monitor the situation, but the chances of recovering the stolen assets have diminished considerably. FAQs Q1: What is Tornado Cash and why do hackers use it? Tornado Cash is a decentralized privacy protocol that mixes cryptocurrencies from multiple transactions, making it difficult to trace the origin and destination of funds. Hackers use it to launder stolen assets and avoid detection by law enforcement and blockchain analytics firms. Q2: How much was stolen in the Transit Finance hack? The initial exploit resulted in a loss of approximately $1.88 million in various cryptocurrencies, including Ethereum and stablecoins, from Transit Finance’s liquidity pools. Q3: Can the stolen funds be recovered now that they have been sent to Tornado Cash? Recovery becomes significantly more difficult once funds are sent to a mixing service like Tornado Cash. While blockchain analytics firms may still attempt to trace the funds, the mixing process obscures the transaction trail, greatly reducing the chances of successful recovery. This post Transit Swap Hacker Moves $1.8 Million in Stolen ETH to Tornado Cash first appeared on BitcoinWorld .
21 May 2026, 06:19
Can Ethereum reclaim $2,200 despite fading ETF demand?
Similar to Bitcoin, Ethereum has bounced back from a key support level and could rally higher despite declining institutional support. Ethereum(ETH) is trading above $2,140 on Thursday, up by less than 1% in the last 24 hours. The broader market rally comes following positive developments in the US-Iran war. Momentum indicators for Ethereum are also improving, indicating that the buyers are slowly stepping in. However, institutional demand continues to decline, with Ethereum ETFs recording massive outflows on Wednesday. Institutional demand for Ethereum remains weak ETH is in the green as the broader crypto market recorded gains over the past 24 hours. The primary catalyst behind this performance was the positive event regarding the ongoing US-Iran war. President Trump announced on Wednesday that the United States is in the final stages of negotiations with Iran, but warned of further attacks if a deal isn't reached. He stated that: We're in the final stages of Iran. We'll see what happens. Either have a deal, or we're going to do some things that are a little bit nasty, but hopefully that won't happen. Donald Trump President of the United States However, institutional interest in Ethereum continues to decline. Data obtained from CoinGlass revealed that spot Ethereum ETFs recorded an outflow of $28 million on Wednesday, posting eight consecutive days of negative flows. Meanwhile, retail interest in Ethereum is rising despite the current market conditions. Ethereum's futures open interest has added roughly 500,000 ETH since Monday. According to CoinGlass , Ethereum’s futures Open Interest (OI) now reads $31.42 billion, up 1% in the last 24 hours. Despite the price decline and liquidations, ETH funding rates remained positive, suggesting bulls are buying the dip with leverage. Ethereum price forecast: Bulls seek to reclaim $2,200 resistance level On the 4-hour chart, ETH maintains its bearish bias despite adding 1% to its value since Wednesday. At press time, ETH is trading at $2,140, below the 20-day Exponential Moving Average (EMA) of $2,234. The momentum indicators show that the bulls are slowly regaining control, with ETH looking to rally higher in the near term. The Relative Strength Index (RSI) is near 47, approaching the neutral 50, indicating a fading bearish trend. The MACD lines are also approaching the neutral zone, adding further confluence to the declining selling conditions. If the market recovery persists, initial resistance will be seen at the barrier around $2,211. A daily candle close above this level would allow ETH to extend its rally past the 50-day EMA at $2,234 and target other resistance areas around $2,389. However, if the bearish trend returns, the buyers would need to defend the immediate support at $2,067 to stand a chance of a reversal. Failure to defend this support level would make it easier for the sellers to push ETH’s price lower towards demand zones at $1,909 and $1,741. The post Can Ethereum reclaim $2,200 despite fading ETF demand? appeared first on Invezz
21 May 2026, 06:07
Pi Network’s PI Token Gains Momentum Amid Bullish News From OKX
Pi Network’s native token has halted the price free-falls at least for now, posting a 3-4% daily increase that pushed it to well over the psychological level of $0.15. This rebound coincided with the overall altcoin rebound from several alts, as well as bullish news from OKX affecting the US market. PI Bounces From Local Lows After it was rejected at $0.20 at the end of the previous month, PI remained sideways at around $0.18 for a few weeks. It started to slowly lose value and entered a new lower range between $0.17-$0.18. A few more leg downs followed, driving the asset first to under $0.16 and then to a new three-month low of $0.146. It tried to rebound earlier this week, but it was halted at $0.155 and driven south to under $0.15 once again. Nevertheless, the past 24 hours have been more positive for the asset, as it reclaimed that level following an impressive 4% surge. Pi Network (PI) Price on CoinGecko Although it remains outside the top 50 alts by market capitalization, its own has risen above $1.6 billion on CoinGecko. The token unlocking schedule for the next month is rather contradictory. The following week or so will see the release of around 5 million coins per day. However, there will be an evident uptick to more than 15 million tokens per day by the end of the month and on June 2. The landscape will calm after June 3, which should ease the immediate selling pressure from these investors, many of whom have been waiting for a long time for their assets. Pi Token Unlock Schedule. Source: PiScan PI in the US Aside from the overall market revival in the past 24 hours, which has been rather selective as most of the larger caps have failed to post impressive rebounds, the other notable news that could be linked to PI’s jump past $0.15 is specifically aimed at Pi Network’s broader ecosystem and adoption. The team behind the project announced that the native token has been made available to “millions of people in the US” for the first time ever through OKX. The veteran exchange has long listed the asset, but the new development here is the addition of “another access point to the Pi ecosystem for US users,” said the team. They added that such moves mean “more users, more usage, [and] stronger network,” as the project continues to “expand its global network of Pioneers and partners.” The post Pi Network’s PI Token Gains Momentum Amid Bullish News From OKX appeared first on CryptoPotato .
