More bullish news for crypto investors — Coinbase seizes on Trump’s pro-crypto stance and goes gloves-off against unfair crypto regulations. One crypto presale, Solaxy, which plans to upscale the Solana ecosystem, has seen major momentum following this news.

On Tuesday, executives from the Coinbase exchange sent out a letter urging the OCC, Federal Reserve, and FDIC for reforms to allow crypto in traditional banking.

In this context, investors are already eyeing US-made cryptos like Solana, with the potential for $SOL ETFs only further advancing the need for crypto C&E services in the future. This surge in interest in Solana has also translated into a boon for the Solaxy presale.

Coinbase Calls for Crypto Banking Services in the US

On Tuesday, US-based crypto exchange Coinbase sent out a letter urging federal banking regulators — the OCC, FDIC, and the Federal Reserve — to establish clear, consistent, and fair rulings and allow banks to offer custody and execution (C&E) services.

According to Coinbase, C&E providers have been blocked from partnering with banks because of inconsistent and vague guidelines. This legal hurdle stifled innovation and crypto adoption, but a regulatory overhaul could finally bridge the gap between crypto and traditional financial services in the US.

If this request is met, it would make crypto more accessible to everyday users and boost liquidity in the crypto market. Considering Trump’s pro-crypto leadership, Coinbase’s plea couldn’t be more perfectly timed.

The President’s appointment of David Sacks as the White House ‘AI and Crypto Czar,’ and the change in SEC leadership are just two more telling signs of a positive shift in the US crypto market. Moreover, the potential introduction of Made-in-USA crypto ETFs could further speed up this process.

With $SOL being the second-largest US cryptocurrency by market cap, Solana-focused project, Solaxy, is positioned for growth in 2025 and beyond.

That’s because, as crypto adoption booms, Solaxy’s Layer-2 Solana chain could provide the perfect platform for high-volume use cases like bundled transactions and DeFi services.

Solaxy to Turbo-Charge the US’s Solana Blockchain

Solaxy ($SOL) is a new cryptocurrency project based on Ethereum that aims to tap into that blockchain’s liquidity to build a Solana Layer 2. The establishment of the Solaxy blockchain will ensure speedy transactions and low slippage, but without Ethereum’s hefty gas fees.

According to the project’s whitepaper, this L2 will supercharge trading on Solana, solving the main blockchain’s pain points like network congestion, downtimes, failed transactions, and scalability limitations.

This will all be made possible thanks to Solaxy’s off-chain transaction processing, which allows for better performance and easier scalability for high-volume use cases. These could include anything from ordinary crypto trading to DApps deployment, DeFi services, and other Web3 applications.

It’s this versatility and the fact that Solaxy bridges two of the major blockchains that give the project great future gains potential, and the market seems to agree.

Investors have already poured in over $18M into the project, pushing Solaxy nearly halfway to its fundraising goal in record time. And the presale momentum is only picking up, with one whale recently picking up as much as $49K worth of $SOLX.

The project is also gaining traction on social media, with a combined following of over 70k followers on X and Telegram.

If you’re looking for a hot new utility token, now’s the time to buy Solaxy and secure a 224% staking reward.

2025 Looks Promising for Solana & US Crypto Projects

President Trump’s pro-crypto approach has emboldened crypto service providers to push for regulatory changes, with Coinbase being the most recent appellant. In this context, made-in-the-USA cryptos and upcoming utility projects like Solaxy could enjoy huge potential gains.

Our $SOLX price predictions suggest the project could be one to watch, however, it’s still important to DYOR before investing, no matter how promising the market sentiment seems. This article doesn’t provide financial advice, and crypto remains prone to wild swings, so always look twice before you leap.

Chainlink whales’ decision to heavily offload LINK tokens caused a market stir on Wednesday, signaling the coin’s price is at risk. Notably, on-chain data by a top crypto analyst revealed that roughly 4 million tokens were dumped in the last 48 hours. In turn, bearish market sentiments bubbled the coin, with its price extending its weekly loss to 15%.

Chainlink Whales Offload Heavily Igniting Market Concerns

According to an X post by crypto market analyst Ali Martinez on February 5, Chainlink whales dumped 4.13 million tokens to exchanges in the last 48 hours. The massive dump amid the broader crypto market’s recent waning movement has set off severe investor concerns about future performance.

For context, massive whale dumps to exchanges flag a loss of large-scale investors’ confidence in the asset’s potential. As a result, the future performance remains at risk, with the broader trends further solidifying bearish market sentiments.

Crypto Market Wanes

Aside from the bearish Chainlink whale activity, another factor threatens the coin’s price. The global crypto realm has seen alarming price drops this week, primarily attributed to trade war speculations amid Trump’s new tariffs. Although postponed for 30 days, the new tariffs still threaten the global markets.

In sync with this saga, even the crypto market sees a downtrend, with BTC and altcoins tanking notably in the past 24 hours. LINK price also mirrored a similar action intraday.

Chainlink Price On Shaky Grounds?

At the time of reporting, LINK price lost nearly 2.5% and exchanged hands at $19.58. The coin’s intraday low and high were $19.37 and $21.26, respectively. As mentioned above, the current waning action aligns with the broader market trend and increased selling pressure amid Chainlink whales’ selloffs.

However, recent data by Santiment indicated that LINK has stood out amid the recent market swing down. Notably, the coin witnessed heavy key stakeholder dip buying, with massive on-chain activity recorded below the $20 level. This data has set off contrasting speculations over the asset’s long-term prospects.

Also, a recent Chainlink price analysis by CoinGape aligned with Santiment’s data, revealing that the recent dip is a potential buy-the-dip opportunity for investors. Traders and investors are keeping the coin on their radars as broader market stats continue taking dynamic shifts.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.