SOL price bounced off the $120 support multiple times since April, leading traders to believe that the current market recovery will lead to an explosive rally.

Bitcoin layer-2 network, Stacks, will deploy its synthetic Bitcoin (sBTC) on the Solana blockchain. Stacks founder Muneeb disclosed this at the ongoing Solana Breakpoint Conference in Singapore, noting that this is an opportunity to bring the Bitcoin asset to faster rail.

Some crypto observers have sounded the alarm on Solana (SOL), comparing the blockchain network to the ill-fated Terra token, Luna (LUNA), which collapsed in 2022, fueling a crisis that gripped the whole crypto industry.

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TL;DR Sky, formerly MakerDAO, will launch its stablecoin USDS on Solana using the Wormhole protocol. Sky will offer incentives of up to 2 million SKY tokens per week to promote the adoption of USDS on Solana.

Bitcoin faced selling near $64,000, but buyers have managed to keep the price above the short-term holder realized price near $62,000, which is a positive sign.

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

TL;DR Muneeb, founder of Stacks, announced the arrival of sBTC, a synthetic Bitcoin, on the Solana blockchain. The integration of sBTC will combine the security of Bitcoin with the speed and efficiency of SOL. sBTC will allow faster Bitcoin transactions in decentralized applications, which could attract more users and developers to SOL.

Sky, a decentralized finance protocol rebranded from MakerDAO, is set to utilize Wormhole's technology to bring its native tokens to Solana, enhancing its multichain capabilities.

Global financial giants Franklin Templeton and Citigroup have announced have announced plans to adopt the Solana blockchain for their upcoming financial services. Franklin Templeton, a $1.4 trillion asset manager, plans to launch a mutual fund natively on Solana, while Wallstreet giant Citi is exploring the blockchain's capabilities for smart contracts and cross-border money transfers.

Franklin Templeton, a trillion-dollar asset management firm, has announced its intention to utilize the Solana network for an on-chain mutual fund.

SG Forge, the crypto unit of Societe Generale bank, will launch a Euro-pegged stablecoin, EUR CoinVertible (EURCV), on the Solana blockchain. In a press release, the French firm disclosed that the EURCV would be a regulatory-compliant stablecoin, giving users more efficient and faster access to the network's decentralized finance ecosystem.

Solana (SOL) has surged by over 5% today, hitting a high of $151.54, following significant announcements made during the Solana Breakpoint 2024 event, which just kicked off in Singapore. Today's SOL price surge follows the breakout that occurred on September 18 after a period of consolidation between $124 and $139.

Tensor, a Solana-based NFT marketplace, announced at the Solana Breakpoint conference that its codebase is now fully open source.

Bitcoin has surged past the $62,000 mark, reaching $62,326.36—its highest price since late August. This increase, representing a 4.07% rise in just 24 hours, follows the Federal Reserve's recent decision to lower interest rates by 50 basis points, a move that caught many analysts by surprise as they had anticipated a smaller reduction of 25 basis points.

In the ever-evolving world of gaming, Play Solana recently made an exciting announcement: the launch of a Web3 portable gaming device powered by the Solana blockchain.

TL;DR Franklin Templeton to launch native mutual fund on Solana blockchain The firm built its own infrastructure for asset management on blockchain. Solana experiences a significant increase in price following the announcement, reaching $150.64. In a move that merges traditional finance with innovative blockchain technology, Franklin Templeton, an asset manager with $1.

Solana price analysis shows a three-day rally from $127 to $147, registering a 16.6% growth. This bullish turnaround coincides with the broader market uptick following the 0.5% rate cut decision by the US Fed.

The Solana blockchain has reached a new milestone in its development with the imminent arrival of a regulated euro stablecoin. Société Générale-FORGE, the crypto subsidiary of the French bank, is set to deploy CoinVertible (EURCV) on the network, thus opening new opportunities for decentralized finance in Europe.

Solana (SOL) nears a pivotal technical resistance level, market participants are keenly observing its price movements. Currently trading around $139, Solana is approaching the critical 200-day Exponential Moving Average (EMA), a key indicator that has historically influenced its price trajectory.

Sky, formerly known as MakerDAO, plans to launch its decentralized stablecoin, USDS, on Solana using the Wormhole interoperability protocol. Rune Christensen, Sky's founder, announced the move during the ongoing Solana Breakpoint conference on Sept.

Amid ongoing bullish recovery, the Bitcoin price had reclaimed the $64,000 mark during the early Asian trading hours. Following this, the Solana price regained momentum and reclaimed the $150 mark today. Furthermore, Solana-based memecoins have recorded the highest gains with some witnessing a double-digit surge.

Veteran crypto analyst, Peter Brandt has unveiled a new bearish forecast for Solana (SOL), predicting a massive price crash to new lows around $80. Despite this grim outlook, there remains a potential for a price recovery as other analysts foresee Solana jumping as high as $208.

Seasoned trader Peter Brandt is warning that Ethereum's (ETH) biggest competitor is at risk of a significant correction.

This move could make things a lot more interesting for users and developers alike, as it brings Bitcoin's power to Solana's speedy blockchain. sBTC is a type of Bitcoin that's been adapted to work on other blockchains.

Over the past 24 hours, the SOL price has seen a substantial 8.99% uptick bolstered by the announcement of their upcoming Seeker smartphone, cited to be “the definitive web3 mobile device.”

Meanwhile, the Firedancer validator client has now moved to Solana testnet.

Sky Ecosystem aimed for expanding to Solana through the Wormhole protocol, using its newly active USDS token. SkyLink will be the final version of the lending protocol, possibly running as a L2 on Solana.

After printing huge bullish candles for the second consecutive day, the Solana price has managed to breach above $150. With this move, the token has entered a crucial resistance zone, which is required to be held tight for a continued upswing towards higher targets.

PayPal deployed PYUSD on Solana earlier in the year, and the executive just revealed why.

Solana Mobile has announced the launch of its Seeker web3 smartphone, slated for release in 2025, along with the Play Solana Gen1 gaming console, advancing its efforts to integrate blockchain technology into mobile and gaming platforms.

Solana has unveiled its latest smartphone, the "Seeker," which comes at half the price of its predecessor and aims to offer more than just memecoin rewards.

With the crypto market surpassing the $2.20 Trillion market cap, the Solana token has experienced a bullish reversal. Further, with its latest announcement of launching the second crypto phone the “Seeker” in 2025, its native token “SOL” has picked up momentum.

A bullish price prediction for Solana was recently shared by renowned trader Peter Brandt, who is well known for his accurate technical forecasts. Brandt stated that SOL was in close proximity to a crucial support area, and a breach of that support could result in a decline toward the $80 mark, but thanks to the strong support level, SOL bounced off.

Trillion-dollar asset manager Franklin Templeton has revealed plans to adopt the Solana network for its on-chain mutual fund. Another Wall Street giant, Citibank, is also exploring using Solana to process transfers and other smart contract services.

As the cryptocurrency landscape continues to evolve with numerous layer-1 and layer-2 blockchains, the decentralized finance (DeFi) platform Drift is making significant advancements on the Solana (SOL) blockchain. Recently, Drift announced a successful $25 million Series B funding round led by crypto venture firm, Multicoin Capital.

Apart from SolanaFm and Coinhall acquisitions, Jupiter is launching new products, including Jupiter Mobile, created with MoonPay, allowing fee-free crypto trading via Apple or Google Pay.

Discover the Solana Play Gen1: the first Web3 gaming console on the Solana blockchain

SG Forge, a subsidiary of Societe Generale, is launching its euro-backed stablecoin, EURCV, on Solana, following its initial release on Ethereum last year.

With Solana Breakpoint Day 1 about to open in Singapore on Friday, the $SOL price has been on a surge over the last four days. Up 16.4% over this period, will $SOL now go from strength to strength and recommence its bull run in earnest?

Societe Generale is expanding its EUR CoinVertible (EURCV) MiCA-compliant stablecoin to the Solana blockchain, according to a Sept. 20 statement.

In a move that blends the world of traditional finance with cutting-edge blockchain technology, Franklin Templeton, a global asset manager with a cool $1.5 trillion in assets under management, has just revealed its plans to launch a mutual fund natively on the Solana (SOL) blockchain during the Solana Breakpoint 2024 event in Singapore on September 20.

The global crypto market registered another increase of 3.06%, pushing it to $2.21 trillion. Bitcoin (BTC) is up over 3%, while Ethereum (ETH) continues its stellar recovery, and is up almost 6% over the past 24 hours, having surged past $2,500.

Firedancer, a blockchain validator client for Solana, is expected to enhance the network's efficiency and scalability.

Solana price has soared following major announcements at Token2049, but can SOL hit $200 by October?

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Solana. Ethereum (ETH) The market has had a great week so far, and Ethereum closed with a 9% price increase.

Solana Mobile unveiled its next Web3 Phone, the successor to the Solana Saga, its first product. The phone, referred to previously as “Chapter 2,” is now called the Seeker, and has been confirmed to feature a 6.36” display, with 128GB of storage and 8GB of RAM, “a longer battery” and two cameras.

At Solana Breakpoint 2024 in Singapore, the atmosphere was electric with excitement as the Solana community gathered to witness groundbreaking updates. SolanaFloor recently shared some exciting news on X: Franklin Templeton, a global asset manager overseeing $1.3 trillion in assets, plans to launch a mutual fund on the Solana blockchain.