What Happened in Crypto Today? Ethereum, SEC, Nexpace and Cronos

What Happened in Crypto Today: 5 Market Updates You Should Know

Wondering, What happened in crypto today? From Ethereum price increase and Cronos' token breakout to Nexspace's Binance Alpha launch and SEC postponement of ETF decisions, today's market is abuzz. This article discusses the top 5 updates you need to know now

Ethereum Jumps 8% After $561M Whale Buy & Short Squeeze

Ethereum price jumped over 8% today to around $2,663. Big reason? A giant investor, Abraxas Capital, bought 242,652 ETH worth $561 million, starting when the price was $2,460. They borrowed USDT and moved the coins from Binance. 

This huge buy pushed the price up. Also, $366 million in short positions got liquidated, which added more fuel to the rally. As prices rose, traders betting against ETH lost big, helping ETH rise even more.

SEC Delays Decision on Grayscale’s Solana and Litecoin ETFs

The U.S. SEC is taking more time to decide on Grayscale’s new ETFs for Solana (SOL) and Litecoin (LTC). These ETFs would let people invest in cryptocurrency through normal stock accounts without owning the coins. 

Grayscale wants to list them on NYSE Arca, but the SEC says it needs more time to check if they follow market rules. This isn’t a rejection—just a delay. Experts still believe approval could happen by the end of 2025.

Chinese Firm Pumps $300M Into TRUMP Token & Bitcoin Before Trump’s Crypto Dinner

A Chinese-linked company, GDC, is investing $300 million in TRUMP tokens and Bitcoin, just before Donald Trump’s exclusive crypto dinner. This big news helped TRUMP token jump 6% in one day, reversing its recent fall. 

GDC plans to build a long-term crypto reserve using funds from a deal with a British Virgin Islands investor. The move shows growing trust in this industry and has brought new attention to the TRUMP token in the crypto world.

Cronos (CRO) Set for Breakout? Price May Hit $0.125 in 2025

Cronos (CRO) is gaining strong support from big investors and growing fast. Its price just crossed the 200-day EMA and shows a bullish pattern. With strong tech upgrades, AI focus, and a new stablecoin, CRO could go mainstream soon. 

If it breaks above $0.107 with high volume, experts say it may rally to $0.115 or even $0.125. The RSI at 64 shows healthy momentum. CRO looks ready for a strong price breakout in 2025.

NXPC Token Listing on Binance Alpha Starts May 15

NXPC, the token from Nexon’s blockchain arm Nexpace, will launch on BNB Alpha on May 15 at 6:00 AM UTC. Binance Futures will also list NXPC with up to 50x leverage just 30 minutes later. 

Before this, eligible Alpha users can claim NXPC airdrops from May 15–16 through the Binance Alpha Events Page. Note: This is not a Binance Spot listing yet, as NXPC must pass more checks before getting listed there.

Conclusion

Today's crypto market was exciting! Ethereum surged big after a whale purchased plenty of ETH, the SEC postponed ETF news, and TRUMP coin climbed ahead of Trump's dinner party. 

Nexspace's NXPC token is coming to Binance Alpha, and Cronos is set for a price breakout. So many updates in one day! But always remember—before investing, do your own research and be safe in the crypto world.