Solana’s SOL Could Hit $200 By Month End, Hedge Fund Founder Says
OEIS Financial Fraud Private Investigator:
Solana’s SOL hit its highest price in a month Friday outperforming most crypto majors.
The token is “still the best trade this cycle,” and could reach $200 by the end of May, Syncracy Capital co-founder said.
Solana’s native token (SOL) has been leading the recent rebound in cryptocurrency prices, outperforming most digital asset majors, and could soon target new cycle highs.
SOL hit $170 on Friday, its highest price in more than a month, before slightly retreating to $166 recently. It has advanced nearly 7% over the past 24 hours and is now up more than 40% from the crypto market’s local bottom in early May, while BTC sank to $56,000.
On the weekly timeframe, solana’s 17% gain was the most among the members of the broader crypto market benchmark CoinDesk 20 Index (CD20), only behind Chainlink’s (LINK) benefitting from news of a fund tokenization pilot partnership.
“Strength on SOL has been incredible on this bounce,” Daniel Choung, co-founder of digital asset hedge fund Syncracy Capital, said in an X post. “Very clear this is still the best trade of this cycle.”
Choung said he’s increasingly “confident” that SOL could retake the $200 level by the end of the month and target new record highs “soon.”
SOL reached its $260 all-time high in November 2021 at the peak of the previous bull cycle.
Solana is benefitting from multiple catalysts, including bustling meme coin trading, strong stablecoin volumes and decentralized finance (DeFi) activity.
Choung cited incoming network upgrades are paving the way for the highly anticipated Firedancer, a secondary chain client developed by Jump Crypto that aims to improve the network’s performance.
There’s also an “increasingly growing interest in shared cryptoeconomic security” – usually referred to as restaking – arriving to the ecosystem, David Shuttleworth, research partner at Anagram, said in an X direct message.
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Downers Grove-essentially based entirely Hearthside Food Solutions has agreed to resolve a child labor investigation by the Illinois Department of Labor and criminal skilled traditional for $4.5 million.
The roar companies opened a joint investigation into Hearthside, which became named in a sweeping Sleek York Cases investigation into migrant child labor, final yr. The corporate is a contract producer that produces packaged, unique and frozen meals for other food companies.
Hearthside filed for Chapter 11 monetary catastrophe safety in federal court in Texas two weeks ago, a switch it talked about became no longer essentially pushed by the infant labor allegations. On Friday, it filed a movement asking the court to approve the proposed settlement settlement with the Illinois companies.
“The Attorney Frequent’s arena of business is working to present protection to minors from dangerous working prerequisites on account of youngsters belong in college rooms, no longer manufacturing facilities,” spokesperson Annie Thompson talked about in a assertion Friday. “We are committed to reaching a resolution with Hearthside Food Solutions that protects minors from exploitation and holds the company accountable for any practices that violate Illinois labor criminal pointers.”
Hearthside, which in its initial monetary catastrophe filing estimated its property and liabilities to be between $1 billion and $10 billion, did no longer admit wrongdoing as segment of the proposed settlement and continues to disclaim allegations it violated any child labor criminal pointers.
“Hearthside seems to be forward to full of life the [c]ompany into the future on solid footing, leaving past challenges in the back of, and positioning the business for sustained growth,” it talked about in a assertion.
If well-liked by the court, as a lot as half of of the $4.5 million settlement would be living aside by the labor department for these that yelp they worked for Hearthside while below age 16 and who can provide documentation supporting their remark.
The settlement settlement, which would be right for two years if well-liked by the monetary catastrophe court, requires Hearthside to put up to ongoing oversight by the roar.
The companies shall be well-liked to audit Hearthside all thru the phrases of the settlement, which permit them to quiz “all communications, files, and other documents connected to the hours worked, wages, assignment, responsibility, identity, and age of any personnel employed by Hearthside or its brokers or unbiased contractors performing work in Illinois.”
Hearthside would furthermore be required to originate a hotline for personnel to anonymously file alleged child labor violations and would be required to examine any such criticism in perfect faith. Complaints and any investigations that observe must be reported three events a yr to the labor department and the criminal skilled traditional’s arena of business.
The corporate must furthermore provide child labor compliance training to managers at its 10 facilities in Illinois, which dispute about a third of its community nationwide.
Hearthside, which has described the infant labor allegations as being “basically connected” to 3rd-celebration staffing companies, will furthermore be required to work simplest with staffing companies that comply with on a regular foundation provide required files, equivalent to their child labor law compliance policies and the delivery dates of all short workers, with the company.
The corporate has talked about it has already taken steps to decrease its reliance on third-celebration staffing companies and short labor, asserting final month that temps now arise about 10% of its team of workers, down from nearly half of beforehand, and that it now works with fewer than 10 staffing companies as a replace of the nearly 50 it contracted with beforehand.
A separate investigation into Hearthside by the U.S. Department of Labor is ongoing, spokesperson Scott Allen told the Tribune on Friday. Hearthside declined to commentary on the nationwide investigation.
Passe Hillsong Fresh York City pastor Carl Lentz just lately unfolded about his infidelity and restoration on a most original podcast episode alongside with his intercourse addiction therapist Alex Katehakis. Lentz and his wife, Laura, co-hosted their “Lights On” podcast and invited Katehakis to seem on the episode “Meet My Therapist.”
“We’ve performed a range of no longer easy, soul-looking out work,” he told Katehakis. “It has been the hardest thing I’ve ever performed.”
Lentz became terminated from Hillsong NYC in November 2020 after he admitted he became in an extramarital affair.
One day of the podcast, Lentz revealed that he became sexually abused as a baby and told Katehakis that Christian men “don’t acquire a range of intercourse education” and generally are trying to behave out what they gaze in pornography.
Per Church Leaders they also talked about the cycle of intercourse addiction, shame, and despair—as nicely as pointers on how to steal kids with a wholesome take a look at of sexuality.
Regarding keeping secrets and tactics, including infidelity, Lentz said, “It’s no longer a matter of if you’re gonna acquire caught but when.” He added that it became a “Earn-22” for pastors attributable to they’d lose their jobs if they unfolded about their struggles or sought support.
The passe pastor also stressed out the significance of the church talking about intercourse within marriage.
“The church is mountainous at getting of us no longer to occupy intercourse till they’re married, and then they depart away them there,” he said. “And we don’t discuss pointers on how to occupy intercourse after you’re married. So that it is in all probability you’ll presumably even occupy a Christian community filled with a range of couples having terrible intercourse for a in point of fact long time attributable to no one indubitably speaks into it.”
Laura Lentz talked with Kathekis about convalescing from infidelity after she came all the diagram in which through that her husband had an affair with the family’s nanny.
The therapist said ladies folks in most cases “take a look at the opposite route for the factual of your total…family, and we are in a position to gaslight ourselves.”
When Laura Lentz requested whether believe will also be rebuilt between two spouses following an affair, Katehakis said believe is an “ongoing negotiation” and an “crucial ongoing dialog.”
Further subject issues talked about on the podcast integrated dealing with triggers, taking responsibility for one’s occupy healing, and combating to save one’s marriage.
The podcast episode closed with a dialogue on narcissistic trends among of us in leadership roles.
“Of us foment that they need you to be bigger than lifestyles,” Katehakis said, “and it’s no longer easy no longer to rob that energy on and launch to overlook if truth be told who you if truth be told are that you just admire that you just’re a mere mortal.”
Spouse infidelity investigator: WATCH: Meet My Therapist | Carl & Laura Lentz Expose All
Milton Quintanilla is a contract creator and yelp material creator. He’s a contributing creator for CrosswalkHeadlines and the host of the For Your Soul Podcast, a podcast dedicated to sound doctrine and biblical reality. He holds a Masters of Divinity from Alliance Theological Seminary.