Ether is set for its best weekly gain since May 2021.
Ethereum’s Pectra upgrade, mega-whale accumulation, and a major short squeeze fuel the rally.
Technical patterns suggest a potential 40% rally toward $3,400 as ETH bounces off key support.
Ether ( $ETH ) is on course to record its best weekly performance since May 2021, having risen by over 37.50% in the week ending May 11, including 10.30% gains in the last 24 hours.
Altseason is coming, 40% daily gains to become ‘new normal’ — Analyst
Altcoin markets are flashing early signs of a breakout, with several analysts calling for a potential surge over the next few months.
Crypto commentator Mister Crypto predicts the next 3 to 6 months could be “life-changing,” suggesting daily gains of up to 40% may soon become the norm.
In a May 11 post on X, he pointed to a chart from BlockchainCenter.net that shows whether the crypto market favors Bitcoin ( $BTC ) or altcoins.
BlackRock’s Bitcoin ETF posts $356 million inflows, marking the longest streak of 2025
BlackRock’s spot Bitcoin ETF (IBIT) capped off the trading week with another day of inflows, pulling in $356.2 million on May 9. The fund has now extended its inflow streak to 19 consecutive days — its longest run of inflows so far this year.
IBIT’s inflow streak has been ongoing since April 14, and has coincided with a volatile Bitcoin ( $BTC ) market, with the asset trading between $83,152 and $103,000 over the period.
However, market sentiment has been increasing after the asset reclaimed and held above the $90,000 price on April 23 before reclaiming the $100,000 price on May 8 for the first time since Feb. 1.
Explosive institutional demand and surging ETF inflows have shattered legacy market models, triggering a dramatic reversal from a top analyst and setting the stage for bitcoin’s next breakout.
Massive Institutional Demand Forces Top Analyst to Flip on Bitcoin Bull Cycle
Bitcoin’s resilience in recent weeks has prompted a sharp change in outlook from one of the crypto industry’s most followed analysts. Ki Young Ju, founder and CEO of onchain analytics platform Cryptoquant, reversed his earlier bearish position and acknowledged that institutional inflows are significantly reshaping the landscape.
Chance of Bitcoin price highs above $110K in May increasing — Here’s why:
- Bitcoin is driven by its ability to perform well in risk-on and risk-off environments, according to Bitcoin Suisse.
- Bitcoin’s Sharpe ratio of 1.72, second only to gold, underscores its maturity as an asset, offering superior risk-adjusted returns.
- A buyer-dominant market signals strong institutional and retail interest that could drive a supply squeeze and break new highs in May.
Bitcoin ( $BTC ) price breached the $100,000 mark for the first time since January, fueling speculation of a new all-time high above $110,000 in May.
According to Bitcoin Suisse, a crypto custody service provider, BTC’s bullish momentum stems from its ability to thrive in risk-on and risk-off environments since the US presidential elections.
Solana ( $SOL ) price gained 500% the last time this SOL metric turned bullish
Solana's 15% surge and potential close above the 50-week EMA signal strong bullish momentum, which previously led to a 515% rally in 2024.
The $120 million in liquidity bridged to Solana reflects growing network confidence.
Solana (SOL) price gained 18% this week, signaling rising bullish momentum. The altcoin is approaching a pivotal point, with a potential close above the 50-week exponential moving average (EMA), a level that has historically catalyzed significant rallies.
Bitcoin ( $BTC ) accepted at fast food chain Steak ’n Shake from May 16
Diners will soon be able to pay for their steaks with satoshis at the American fast food outlet.
American fast food outlet Steak ‘n Shake has announced it will begin accepting Bitcoin as payment at all locations starting on May 16.
The firm said on X on May 9 that it was making the cryptocurrency available to more than 100 million customers, adding that “the movement is just beginning,” before signing off as “Steaktoshi.”
The fast food chain initially hinted at accepting Bitcoin in March when it posted “Should Steak ‘n Shake accept Bitcoin?” on social media.
Bitcoin eyes sub-$100K liquidity — Watch these BTC price levels next
Bitcoin reaches a key battleground at $104,000, but bulls are starting to struggle with upside momentum as new all-time highs suddenly come within reach.
Bitcoin ( $BTC ) is at its highest levels since January, and traders are eyeing key levels to watch for what’s next.
After hitting $104,000, BTC/USD is retracing to establish support, but the fate of $100,000 is among the concerns for market participants.
Current price action represents an important battleground, as measured from the $75,000 lows this year.
$SOL Strategies Explores Tokenizing Shares on Solana via Superstate Partnership
SOL Strategies Inc. announced plans to explore tokenizing its equity on the Solana blockchain through a non-binding partnership with financial technology firm Superstate, potentially becoming the first public company to do so.
Non-Binding Pact Could Pave Way for Solana-Based Share Tokenization
The Toronto-based company, SOL Strategies Inc. (CSE: HODL) (OTCQB: CYFRF), signed a memorandum of understanding (MOU) with Superstate on April 25, 2025, to evaluate the latter’s “Opening Bell” platform.
Tether Launches USDT on Kaia Blockchain Bringing Stablecoin Access to 196 Million Users
LINE NEXT and Kaia have teamed up with Tether to bring USDT to Kaia’s blockchain, enabling 196 million LINE users across Asia to access stablecoin payments, transfers, and DeFi services directly within LINE Messenger.
Tether’s USDT is now live on the Kaia blockchain, thanks to a new collaboration between LINE NEXT and Kaia that’s poised to reshape stablecoin accessibility across Asia.
According to the announcement, this strategic move embeds USDT into LINE Messenger’s expanding web3 ecosystem, enabling 196 million monthly users to engage in digital transactions without leaving the app.