Decentralized application revenue on Solana reached a new record high, mainly generated from meme coin-related transactions and tools.

Bloomberg analysts outline ETF approval timelines for Solana, Litecoin, and Hedera. Technical analysis highlights correction risks for SOL and HBAR, while LTC eyes a bullish breakout.

Crypto asset manager Bitwise has launched a Solana staking ETP in Germany while American investors await the U.S. equivalent.

Solana (SOL) price reached a new all-time high on November 22 and has surged 208% in 2024, showcasing impressive growth throughout the year. However, SOL has struggled recently, declining nearly 10% over the past 30 days as bearish indicators begin to weigh on the market.

Bitcoin's pullback after hitting a new all-time high above $108,000 has started a correction in select altcoins, signaling profit booking by the bulls.

Crypto assets have picked up bullish momentum in the last 48 hours as macro sentiments flip green. Following Bitcoin's surge to a new all-time high, altcoins have traded upwards in the same time frame.

Will Solana and XRP face further delays despite growing interest in crypto ETFs?

The Pudgy Penguins project has initiated a significant airdrop of its new token, PENGU, on the Solana blockchain, valued at $1.5 billion.

BNSOL's success is closely tied to the growth of Solana's ecosystem, which has seen its liquid staking ratio more than double in 2024.

Solana holds onto crucial levels of support as the crypto market recovers gradually from the sharp correction earlier in the day. It changes hands at $216.53, with Solana declining intraday at 2.33% so far.

PENGU's debut sparked a surge on the Solana blockchain, resulting in more transactions than the combined activity of other leading blockchains.

Bitcoin (BTC) reached an all-time high for the second consecutive day, going past $108,000 and reaching a peak of $108,286. However, the cryptocurrency declined dramatically after reaching this level and is currently trading below $104,000, down almost 3% over the past 24 hours.

Bloomberg analysts, including Eric Balchunas and James Seyffart, have speculated that Litecoin and Hedera are likely to see their ETFs approved before Solana and XRP.

Amid the altcoin recovery run, Solana witnesses a boost in network and price trends. As bulls prepare for a breakout run to $250, the on-chain growth supports the bullish trend chances.

Solana's rise challenges Cardano's market position, but can Cardano reclaim its relevance in 2024?

Bitwise expands its suite of crypto staking solutions with the launch of a solana staking exchange-traded product (ETP). Solana ETP Launched in Europe While Bitwise U.S. Solana ETF Stalls Bitwise, a crypto asset management firm has introduced a Solana staking exchange-traded product (ETP) in Europe with the ticker BSOL.

The crypto universe is an arena where each asset fights for its place at the top. Recently, Solana (SOL), often hailed as a serious contender against Bitcoin (BTC) and Ethereum (ETH), has shown signs of weakness.

Bitcoin market dominance may decline over the next few weeks as altcoins are ready for another explosive period. The AI coin, IntelMarkets (INTL), is clearly one of the most promising.

The ETP, which trades under the ticker BSOL, comes with a unique advantage for investors: staking rewards. Bitwise has partnered with Marinade, a Solana staking firm, to provide these rewards.

Bitwise, a prominent asset manager in the cryptocurrency space, has launched a Solana staking Exchange-Traded Product (ETP) called BSOL in the European Union. This launch comes as the company continues to face significant regulatory challenges in the United States, where efforts to introduce a similar Solana ETF have been stalled.

TL;DR Bloomberg analysts predict a significant surge in crypto ETFs in 2025, driven by changes in SEC leadership and growing market demand. The first wave of new crypto ETFs is expected to be led by Bitcoin and Ethereum, followed by Litecoin and Hedera, which have favorable regulatory positions.

Good news for the crypto enthusiasts in the European Union. The famous crypto asset management firm, Bitwise, just launched its Bitwise Solana Staking ETP (BSOL). They launched the product on Deutsche Börse Xetra. It is a great product for investors looking for institutional grade exposure to Solana.

Bloomberg's senior ETF analyst expects multiple new crypto exchange-traded funds (ETFs) to launch in 2025 amid anticipated changes in Securities and Exchange Commission (SEC) leadership since Republican Donald Trump won the U.S. presidential election.

Crypto index fund manager Bitwise has introduced a Solana staking exchange-traded product (ETP) in Europe under the ticker BSOL. The post Bitwise Launches Solana Staking ETP in Europe as U.S. Awaits ETF Approval appeared first on Cryptonews.

Bitcoin (BTC) and Ethereum (ETH) ETFs pushed institutional crypto adoption this year to new highs. In light of the new, crypto-friendly US presidential administration and broader rally, Bloomberg analyst Eric Balchunas expects to see more crypto ETFs rolling out next year.

Solana maintains its position above $210 support while Bitwise launches a new staking ETP offering 6.48% yield, as technical analysts identify potential breakout patterns suggesting further upside potential.

Solana price faces mounting pressure, with performance trailing behind Bitcoin, Ethereum, and lately XRP. Will 2025 mark a breakthrough to a new ATH for SOL price?

The crypto investment landscape transforms as Bitcoin ETFs accumulate over $123 billion in assets since January approval, while analysts project a strategic expansion of crypto ETFs in 2025, potentially reshaping market dynamics.

Solana rose by 67% in just 17 days as the bull rally started on October 10 this year. However, as it hit the peak at $263, it initially took a sideways path followed by a downturn.

Bitwise's new Solana staking ETP, BSOL, enters the European market with competitive rewards and low fees, surpassing rivals.

Despite the broader market pullback, the Solana price is up 1.74% trading at $217 as asset manager Bitwise launches the Solana staking ETP in Europe with the ticker BSOL. The announcement revived hope among Solana investors who have been waiting on the sidelines for the past few weeks as SOL consolidated around $210.

Bloomberg analysts Eric Balchunas and James Seyffart predict a significant surge in cryptocurrency exchange-traded funds (ETFs) in 2025.

The year 2024 is ending with Bitcoin touching the new ATH of $107K and maximum altcoins trading in green. Factors adding to this rally are major expectations of lower interest rate cuts in December, as it typically helped Bitcoin. Another factor that boosted this rally was the inclusion of MicroStrategy in the Nasdaq 100 index.

The on-chain analytics firm Glassnode has revealed the reason why Solana (SOL) has recently been lagging behind Bitcoin (BTC) and Ethereum (ETH). Solana Realized Cap Growth Has Slowed Down Recently In a new post on X, Glassnode has discussed about how the recent performance of Solana has stacked up against the two largest coins in the sector.

Key Points:

According to Messari's most recent analysis, Solana (SOL) is primed for explosive expansion in 2025, fueled by major funding, technological improvements, and growing institutional interest. Related Reading: The $589 XRP Dream: Believers Aren't ‘Delusional' Enough, Expert Says The study indicates that in the third quarter of 2024 Solana's ecosystem funding reached $173 million, the highest level since mid-2022.

Bitwise is launching a Solana staking ETP in the European Union. The firm's efforts to secure a Solana ETF in the US have stalled recently, prompting this switch in tactics.

Solana (SOL) has been holding steady above a crucial demand level near $210, a key area that could ignite a massive bull run. After reaching an all-time high (ATH) on November 22, Solana has experienced a 23% retracement, testing investor confidence.

Bloomberg analysts forecast a wave of crypto ETFs, featuring XRP and Solana, in 2025 amid SEC changes and market shifts. The post Bloomberg analysts predict wave of crypto ETFs in 2025, targeting XRP, Solana, and HBAR appeared first on Crypto Briefing.

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The regulatory winds have shifted with President-elect Donald Trump and the most pro-crypto Congress ever assembled set to take office.

The crypto market is going through a period of strong turbulence, where price fluctuations are testing investors' confidence. Indeed, at the heart of this uncertain dynamic, Solana (SOL) stands out as one of the most watched assets.

Solana fights bearish headwinds, but a historical chart pattern points to a possible rally to $300 in the near future.

A wave of cryptocurrency ETFs is expected to hit the market in 2025, with Litecoin (CRYPTO: LTC) and HBAR (CRYPTO: HBAR) possibly getting approved ahead of Solana (CRYPTO: SOL) and Ripple (CRYPTO: XRP), according to Bloomberg Intelligence ETF analyst Eric Balchunas.

Solana and Ethereum have competed for dominance throughout Q4 2024. Ethereum secured over $850 million in institutional capital inflow to ETFs, while Solana attracted over $300 million in cross-chain inflows within the past week.

In a latest development, The Pudgy Penguins NFT project released its native token, PENGU, on the Solana blockchain and allowed NFT holders to claim tokens via an airdrop. Holders of Pudgy Penguins, Lil Pudgys, Rogs, and soulbound tokens (SBTs) were eligible to participate in the airdrop, which went live at 8:00 a.m. ET.

The Pudgy Penguins token PENGU is live on Solana, with $1.5 billion worth of tokens offered to NFT holders, traders, and beyond.