Layer-1 blockchain developer Solayer launched a Visa-compatible payment card that allows users to spend USDC balances through in-store, online and contactless transactions.

The card supports ATM withdrawals in supported regions and can be ordered through the Solayer Pay app, according to the announcement. Existing users can request the card for free, while new users pay a $20 annual activation fee.

Source: Solayer Pay

Solayer Pay launched in April 2025 under the name Emerald Card and initially rolled out to 40,000 users across more than 100 countries, according to the company. Solayer said the new physical card expands the existing Solayer Pay platform, which supports storing, transferring and spending digital assets through Visa-linked payment infrastructure.

The company said the card enables users to spend USDC (USDC) balances globally through Visa payment infrastructure directly from their Solayer Pay accounts.

Solayer develops infiniSVM, a layer-1 network compatible with the Solana Virtual Machine that is designed for high-throughput onchain applications using Solana (SOL) for gas fees.

Related: Dartmouth endowment invests in Solana ETF, holds $14M in crypto exposure

Stablecoin payment cards expand

The launch from Solayer comes as rypto and payments companies have increasingly launched stablecoin-linked payment cards tied to traditional card networks including Visa and Mastercard.

In January, crypto exchange OKX launched a Mastercard-linked payment card for European users through regulated issuer Monavate, allowing verified customers to spend stablecoins, including USDC and Paxos’ Global Dollar (USDG).

The following month, MetaMask expanded its Mastercard-linked crypto payment card across the United States, including New York for the first time, allowing users to spend digital assets directly from self-custodial wallets.

In March, Visa and Stripe-owned Bridge expanded their stablecoin-linked card program to 18 countries and said they planned to roll out the product across more than 100 countries by the end of 2026. The companies also began testing stablecoin settlement through Visa’s pilot program.

The same month, Mastercard agreed to acquire stablecoin infrastructure company BVNK in a deal valued at up to $1.8 billion. BVNK provides infrastructure for businesses to send and receive stablecoin payments across blockchain networks in more than 130 countries.

Data from DefiLlama shows the stablecoin market has grown from about $243.3 billion in May 2025 to around $322.5 billion today, an increase of about $79 billion.

Tether remains the dominant stablecoin issuer, with its USDt (USDT) commanding a market capitalization of about $189.7 billion, representing around 58.8% of the total stablecoin market, while Circle’s USDC ranks second with a market capitalization of about $76.7 billion.

Source: DefiLlama

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Bitwise Asset Management has launched a US-listed investment product tied to Hyperliquid, offering investors spot exposure to the token and staking rewards linked to the decentralized derivatives platform.

The fund, trading under the ticker BHYP on the New York Stock Exchange, is the second US-listed Hyperliquid product to launch this week. Bitwise said the fund plans to stake a significant portion of its HYPE (HYPE) holdings through its in-house staking division.

Hyperliquid is a decentralized trading-focused layer 1 blockchain launched in 2023 that offers perpetual futures, spot trading and lending services. Bitwise said the platform processed about $2.9 trillion in trading volume in 2025 and accounted for roughly 60% of global onchain derivatives open interest as of May 5, citing DefiLlama data.

HYPE was trading at around $44 on Friday with a market capitalization of roughly $11.22 billion, making it the 10th-largest cryptocurrency by market value, according to CoinMarketCap data. The token is used for staking, governance and ecosystem participation.

Bitwise, which manages about $11 billion in client assets across crypto investment products including exchange-traded funds, private funds and staking strategies, said the fund will charge a 0.34% sponsor fee, which will be waived for the first month on the fund’s first $500 million in assets.

HYPE token price. Source: CoinGecko

Related: Wells Fargo lifts Ether ETF holdings in Q1 as Bitcoin positions shift

Hyperliquid draws growing institutional interest

The launch comes as institutional interest in Hyperliquid and HYPE-linked investment products expands across crypto asset managers, venture capital firms and trading platforms.

Earlier this week, 21Shares launched its THYP Hyperliquid fund in the US, drawing about $1.2 million in net inflows and $1.8 million in trading volume on its first trading day, according to Bloomberg ETF analyst James Seyffart. Grayscale Investments is also awaiting a decision on its proposed Hyperliquid fund.

On Wednesday, onchain analytics account Lookonchain said wallets linked to venture capital company Andreessen Horowitz had accumulated about $67 million worth of HYPE over the previous month and staked roughly $51 million worth of the token.

Source: Lookonchain

The following day, Coinbase announced it would become the official treasury deployer for USDC (USDC) on Hyperliquid, where the stablecoin’s supply has grown to around $5 billion since the network launched in 2023, according to DeFiLlama data.

As Hyperliquid gains traction as a decentralized derivatives exchange, centralized crypto companies have also expanded deeper into perpetual futures and offshore derivatives markets through new trading products and international launches.

Earlier this year, Coinbase launched stock perpetual futures for eligible non-US users, while Kraken rolled out tokenized equity perpetual futures tied to assets including Nvidia (NVDA), Apple (AAPL) and Tesla (TSLA) for offshore clients.

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Key Takeaways

• TD Cowen doubled its price target on Marvell (MRVL) to $180 from $90, maintaining a Hold rating on the semiconductor stock.
• The stock has surged over 100% in a three-month period, driven primarily by bullish forward earnings expectations.
• Company leadership forecasts optics segment expansion exceeding 50% across the next 24 months.
• Both RBC Capital and BofA Securities established $200 price objectives, emphasizing AI networking infrastructure and optical technology capabilities.
• The company completed its acquisition of Swiss photonics specialist Polariton Technologies to expand its optical interconnect capabilities.

The semiconductor giant Marvell Technology has delivered exceptional performance that’s capturing significant Wall Street attention. Over the past half-year, the company’s shares have skyrocketed 111%, with 2024 year-to-date performance exceeding 115%. As Thursday’s trading began, shares hovered near their recent peak levels.

Marvell Technology, Inc., MRVL

On Thursday, Joshua Buchalter from TD Cowen elevated his MRVL price objective to $180 from the previous $90 mark, pointing to sustained momentum within the optical infrastructure sector. The analyst retained his Hold recommendation.

Buchalter offered a measured perspective on the recent rally. He noted that the stock’s dramatic appreciation may have incorporated considerable future optimism, potentially raising expectations ahead of Marvell’s May 27 earnings announcement.

The topic of custom XPU exposure continues to generate investor debate, though TD Cowen anticipates limited new information on this subject during the forthcoming earnings discussion.

Even while keeping its Hold stance, TD Cowen elevated its long-term data center projections. The firm now anticipates $1.3 trillion in data center silicon expenditure by decade’s end, representing an increase from its previous $1.2 trillion forecast.

Optical Technology Segment Powers Confidence

The upward revision in forecasts connects directly to what Cowen describes as a “bifurcation within the infrastructure trade.” Major accelerator manufacturers have experienced relative weakness lately, whereas optical-focused companies like Marvell have gained ground amid expectations of imminent supply constraints.

Marvell leadership has communicated expectations for optics segment growth surpassing 50% during the upcoming two-year period. This projection has become a cornerstone of analyst bullishness throughout the investment community.

RBC Capital elevated its MRVL price objective to $200 while keeping its Outperform designation. The investment bank emphasized robust performance in Marvell’s optical division and AWS chip manufacturing as primary catalysts.

BofA Securities similarly established a $200 benchmark, underscoring the growing AI networking infrastructure marketplace.

Strategic Acquisition Strengthens Portfolio

Marvell recently finalized its purchase of Polariton Technologies, a Swiss firm specializing in plasmonics-enabled silicon photonics solutions. This transaction is projected to enhance Marvell’s optical technology capabilities, particularly for coherent optics and data center interconnect uses.

The acquisition aligns with Marvell’s broader strategic initiative to establish itself as a critical player in the AI data center infrastructure ecosystem, especially as demand intensifies for high-performance optical interconnect solutions.

According to InvestingPro analysis, MRVL currently appears overvalued compared to its Fair Value calculation, earning placement on the platform’s Most Overvalued securities roster.

Marvell is set to report quarterly results on May 27. Market participants will closely scrutinize commentary regarding the optics business outlook and any developments concerning custom XPU initiatives.

Key points:

• Bitcoin is struggling to reach the $84,000 level, but a minor positive is that the bulls have not allowed the price to skid to the $76,000 support.
• Select major altcoins have turned down from their overhead resistance levels, indicating that the bears remain in control. 

Bitcoin’s (BTC) recovery above $82,000 on Thursday was short-lived, as bears sold at higher levels and pulled the price back to the $79,000 level. Glassnode said in its Week On-chain report that several investors bought BTC between November 2025 and February near the $86,900 level. These holders may sell near their entry price after experiencing large drawdowns, creating a barrier for BTC’s continued rally.

Another negative view came from crypto analytics firm CryptoQuant, which said in a recent report that BTC has hit its major resistance at the 200-day moving average near $82,400. In 2022, BTC had resumed its downtrend after failing to cross above the 200-day SMA. BTC may get into trouble if history repeats itself.

In a bear phase, it is not uncommon for the price to hit a wall at the major resistance and pull back. However, a positive sign in favor of the bulls is that they have not allowed the price to dip back below the short-term breakout level of $76,000. That suggests the bulls are not hurrying to close their positions as they anticipate another leg higher. 

Could BTC and the major altcoins hold on to their support levels? Let’s analyze the charts of the top 10 cryptocurrencies to find out.

Bitcoin price prediction

BTC rebounded off the 20-day exponential moving average ($79,251) on Thursday, but the bears sold the relief rally.

BTC/USDT daily chart. Source: Cointelegraph/TradingView

The BTC price has dipped back to the 20-day EMA, which is a crucial level for the bulls to defend if they want to retain the advantage. If the price turns up from the 20-day EMA with force, the bulls will again strive to push the BTC/USDT pair to $84,000. A break and close above $84,000 clears the path for a rally to $92,000.

On the contrary, if the price sustains below the 20-day EMA, it suggests that the bears are attempting a comeback. The pair may then tumble to the 50-day SMA ($74,968), which is again likely to attract buying by the bulls.

Ether price prediction

Ether (ETH) turned down from the 20-day EMA ($2,297) and has broken below the 50-day SMA ($2,250), indicating an advantage to sellers.

ETH/USDT daily chart. Source: Cointelegraph/TradingView

The ETH/USDT pair may plunge to the support line of the ascending channel pattern, which is a crucial level for the bulls to defend. The failure to do so may sink the ETH price to $1,916.

Instead, if the price turns up from the support line and breaks above the 20-day EMA, it signals buying at lower levels. The pair may then climb to $2,465, which is expected to behave as solid resistance. If buyers overcome the barrier, the pair may rally to the resistance line.

BNB price prediction

Sellers have successfully defended the $687 level in BNB (BNB), but the bulls continue to exert pressure.

BNB/USDT daily chart. Source: Cointelegraph/TradingView

The upsloping 20-day EMA ($649) and the RSI near the overbought zone signal that the path of least resistance is to the upside. If buyers clear the $687 hurdle, the BNB/USDT pair may soar to $730 and later to $790.

This bullish view will be invalidated in the short term if the BNB price turns down sharply from the current level and breaks below the 20-day EMA. That suggests the pair may remain inside the $687 to $570 range for some more time.

XRP price prediction

XRP (XRP) rose from the 20-day EMA ($1.42) on Thursday and broke above the downtrend line of the descending channel pattern.

XRP/USDT daily chart. Source: Cointelegraph/TradingView

However, the bulls failed to achieve a close above the downtrend line, indicating that the bears are fiercely defending the level. Sellers will attempt to trap the aggressive bulls by pulling the XRP price below the moving averages. If they can pull it off, the XRP/USDT pair may plummet to $1.27.

Buyers are likely to have other plans. They will attempt to quickly push the price back above the downtrend line. If they do that, the likelihood of a break above the $1.61 resistance increases. The pair may then start a new up move to $2.

Solana price prediction

Solana (SOL) bounced off the 20-day EMA ($89) on Thursday, but the bears sold at higher levels.

SOL/USDT daily chart. Source: Cointelegraph/TradingView

The SOL price has turned down and broken below the 20-day EMA. If the price maintains below the 20-day EMA, the SOL/USDT pair may continue to oscillate between $76 and $98 for a few more days.

Buyers will have to swiftly push the price back above the 20-day EMA to signal strength. The pair may then reach the $98 level, which is the critical overhead resistance to watch out for. A close above $98 clears the path for a rally to $106 and subsequently to $117. 

Dogecoin price prediction

Dogecoin (DOGE) reached the $0.12 level on Thursday, where the bears are posing a stiff challenge to the bulls.

DOGE/USDT daily chart. Source: Cointelegraph/TradingView

If the DOGE price continues lower and breaks below the 20-day EMA ($0.11), it suggests that the traders are booking profits. That may keep the pair stuck between $0.09 and $0.12 for a while longer.

On the other hand, a solid bounce off the 20-day EMA signals that the bulls remain in control. That improves the prospects of an upside breakout. If that happens, the DOGE/USDT pair may surge to $0.14 and later to $0.16.

Hyperliquid price prediction

Hyperliquid (HYPE) made a solid comeback from the $38 level on Thursday, indicating aggressive buying at lower levels.

HYPE/USDT daily chart. Source: Cointelegraph/TradingView

The bulls continued their run on Friday and pushed the HYPE price above the $45.77 resistance. However, the long wick on the candlestick shows selling at higher levels. The bears will have to pull the price below the 20-day EMA ($41.96) to weaken the bullish momentum. The HYPE/USDT pair may then form a range between $38 and $47.

Contrary to this assumption, if the price turns up from the current level or the 20-day EMA and breaks above $47, it signals the resumption of the up move. The pair may then skyrocket toward the $50 to $51.43 zone.

Related: Bitcoin stalls above $80K despite CLARITY Act pass: What will trigger a breakout?

Cardano price prediction

Cardano (ADA) bounced off the 20-day EMA ($0.26) on Thursday, but the bulls could not sustain the higher levels.

ADA/USDT daily chart. Source: Cointelegraph/TradingView

Sellers are attempting to strengthen their position by pulling the ADA price below the moving averages. If they manage to do that, the ADA/USDT pair may extend its stay inside the $0.22 to $0.31 range for some more time.

On the other hand, if the price turns up from the moving averages and breaks above $0.29, it suggests an advantage to buyers. The pair may then rise to $0.31, which is likely to attract sellers. 

Zcash price prediction

Zcash (ZEC) turned up from the 38.2% Fibonacci retracement level of $518 on Thursday, but the bulls could not clear the $560 hurdle.

ZEC/USDT daily chart. Source: Cointelegraph/TradingView

The bears are attempting to pull the ZEC price below the $518 level and deepen the pullback to the 20-day EMA ($491). Buyers are expected to vigorously defend the 20-day EMA, as a close below it may sink the ZEC/USDT pair to the 61.8% retracement level of $442.

Contrarily, if the price rebounds off the 20-day EMA with force, it indicates a positive sentiment. The bulls will then attempt to drive the pair to $560 and eventually to $643. 

Bitcoin Cash price prediction

Bitcoin Cash (BCH) has been trading inside the $419 to $486 range, signaling buying near the support and selling close to the resistance.

BCH/USDT daily chart. Source: Cointelegraph/TradingView

The moving averages have started to turn down, and the RSI is in the negative territory, indicating that the bears have the upper hand. Sellers will attempt to strengthen their position by pulling the BCH price below the $419 support. If they succeed, the BCH/USDT pair may resume the downtrend toward $375.

Buyers are likely to have other plans. They will attempt to defend the $419 level and push the price back above the moving averages. If they do that, the pair may remain inside the range for a few more days.