Standard Chartered Eyes Solana Price to $275.
British bank Standard Chartered dropped a prediction that Solana (SOL) could rise to $275 by the end of 2025 and $500 by the end of 2029.
Geoff Kendrick, head of digital assets research at Standard Chartered, shared these forecasts in a report published Tuesday. Currently, Solana is trading for $174, so this outlook is looking at a 54% to 180% surge.
However, even with this, the bank still expects Solana to underperform compared to Ethereum over the next two to three years. Standard Chartered predicts the Ethereum-to-Solana price ratio will increase from about 14 today to 17 by the end of 2027.
Kendrick explained this means ETH will keep a lead over SOL during this period.
Vivek Ramaswamy’s Strive Plans $1.5bn Bitcoin Buy Tied to Mt. Gox.
Vivek Ramaswamy’s firm, Strive Asset Management, is raising a huge amount of money, up to $1.5 billion, to build a large Bitcoin treasury.
As per the announcement, the company has raised $750 million through a private investment deal. Moreover, it could raise another $750 million if certain warrants are used.
This means they might end up with $1.5 billion in total. Strive plans to use the money to build a large Bitcoin treasury by buying distressed claims tied to 75,000 BTC from the now-defunct Mt. Gox exchange.
These claims are Bitcoin that creditors are still waiting to receive after the exchange collapsed years ago.
Ethereum in Spotlight as SharpLink Gaming Bets $425mn on ETH.
SharpLink Gaming, a U.S.-based digital marketing company serving the sports betting and iGaming sectors, announced today that it has secured a $425 million private placement to support a major strategic shift.
The compnay plans to use this fund to buy Ethereum and make it a primary asset in its treasury. SharpLink has entered into securities purchase agreements to sell around 69.1 million shares at $6.15 each, and this deal is expected to close by May 29, 2025.
Cardano Daily Transactions Climb To 50,000 As SEC Decision On ADA ETF Nears.
Cardano daily transactions have reached a peak of 50,000, buoyed by glowing fundamentals, including the prospects of an ADA ETF.
ADA price surging from the fallout of positive on-chain metrics, with traders keeping their eyes peeled for a potential price breakout.
Enthusiasm for the approval of spot ADA ETF has reached a peak ahead of the May 29 deadline. The US SEC will give its decision on May 29, with approval odds on PolyMarket climbing to 71%.
India Launches First AI-based Data Center Park In Chhattisgarh.
In a significant step toward bolstering India’s digital infrastructure, the state of Chhattisgarh in east-central India has launched the foundation for the country’s first artificial intelligence (AI)-based data center park.
The facility was inaugurated by the state’s Chief Minister, Vishnu Deo Sai. The initiative is reportedly projected to generate approximately 2,000 employment opportunities, 500 of which will be direct jobs. It emphasizes the recruitment of local talent.
The Chhattisgarh facility, occupying 5.5 hectares, will be operated by RackBank Datacenters Private Limited. Of this, 2.7 hectares will be designated as a Special Economic Zone (SEZ), entirely devoted to AI-oriented services and infrastructure.
El Salvador Violates IMF Terms Again By Purchasing More BTC.
El Salvador added eight additional BTC to its crypto reserves despite International Monetary Fund warnings.
The IMF recently struck an agreement that included guidelines to curb crypto holdings in El Salvador.
According to Arkham Intelligence reports, the nation has acquired a total of 6,200 BTC worth over $674 million.
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