Exploring SOL's breakout potential after 6-month price consolidation
Coinbase's wrapped Bitcoin product, cbBTC, will soon launch on the Solana network. The exchange country director for Singapore, Hassan Ahmed, disclosed this at the Solana Breakpoint event.
Wrapped Bitcoin products allow users to retain asset control while using Bitcoin as collateral for decentralized finance applications.
Osprey Funds is assisting the Solana meme coin team in launching the ETP in the US. The team has also announced plans to launch the ETP before the year ends.
Travala doubles down on expansion, integrating with Solana to extend support beyond Ethereum and BNB.
Non-fungible tokens (NFTs) had quite the boost this week, with sales climbing by 7.33% compared to the previous one, totaling $77.13 million. The number of NFT sellers skyrocketed by 95.68%, while buyers surged 137.48%, giving the market a noticeable lift. NFT Gains: Digital Collectible Buyers Increase by 137% as Sales Hit $77.
The centralized digital asset exchange launched its version of wrapped bitcoin last week, after having teased the token in August.
In the past two weeks, the cryptocurrency market experienced significant growth across most major altcoins, spurred by speculation around the U.S. Federal Reserve rate cuts. During this market rebound, Solana, Dogecoin, and BNB Coin attracted significant investor attention due to their respective developments.
Global financial giants Franklin Templeton and Citigroup are turning to Solana for next-gen financial services, highlighting the blockchain's growing prominence in decentralized finance (DeFi).
Solana flipped Ethereum in its 24-hour volume in the decentralized exchange industry as most of its meme coins jumped.
Travala, the crypto-native travel platform, announced the integration of Solana, allowing for its users to make bookings in SOL, USDC, and USDT.
Real World Asset (RWA) tokenization is making waves and the top industry players have their eyes on the next shift in the blockchain industry. At the Breakpoint 2024 event, Anthony Scaramucci from SkyBridge Capital said that tokenization will play a pivotal role in transaction verification, and Solana will play a critical role in the industry.
Popular crypto analyst Peter Brandt has unveiled a bullish outlook for Solana predicting the prominent altcoin may be set for a significant price surge in future weeks. This price forecast comes in a glaring contrast to Brandt's recent prediction where the analyst had expressed fears over Solana suffering a major price fall.
Anthony Scaramucci has confirmed being a Solana holder and once again predicted massive tokenization.
With the growing certainty over the crypto space, some of the projects are set to outperform as they possess the ‘shill narrative'. Some bullish catalysts, like the FTX narrative, the probable win of Donald Trump, and further rate cuts, have strengthened the tokens.
Recently, the top altcoins, such as Ethereum, BNB, and Solana, have demonstrated remarkable performance. Notably, Solana has shown a seven-day change of 7.5%. The performance of altcoins, especially Solana, has captured the attention of many.
Coinbase's expansion of cbBTC to Solana could significantly enhance DeFi activity and Bitcoin utility on the Solana blockchain. The post Coinbase confirms plans to bring cbBTC to Solana appeared first on Crypto Briefing.
Powerledger's co-founder John Bulich believes the expansion emphasizes "that sustainability is a common goal that transcends ecosystems.”
Solana's Seeker, set to launch in 2025, aims to redefine the crypto smartphone market with improved hardware, enhanced Web3 capabilities, and a focus on being an all-in-one platform for DeFi, payments, and gaming.
Real World Asset (RWA) tokenization has recently taken center stage with some of the top industry players focusing on this next shift in the blockchain industry. While speaking at the Breakpoint 2024 conclave, SkyBridge Capital founder Anthony Scaramucci said that tokenization will play a massive role in transaction verification, with Solana playing a key role
Travala has integrated with Solana, expanding cryptocurrency booking support beyond Ethereum and BNB Chain.
The crypto prices today have shown considerable resiliency, preventing downside momentum. Bitcoin (BTC) held the $62K mark, whereas Ethereum (ETH) and Solana (SOL) traded prominently in the green territory.
Following the success of multiple tokens launched on the blockchain in 2023, Solana meme coins have become a major staple of the crypto investing community. With the likes of Dogwifhat, BONK, and POPCAT recording major gains for investors, it has led to the hunt for other tokens that could replicate the same success.
Solana hits 5M daily users and welcomes Sky Protocol's launch, while Franklin Templeton announces a mutual fund on the network.
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.
Today, enjoy the Lightspeed newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox.
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.