Grayscale, the leading cryptocurrency asset manager, has officially submitted an S-1 form to the U.S. Securities and Exchange Commission (SEC) to convert its Solana Trust into an exchange-traded fund (ETF). However, one key aspect is missing as this ETF will not include any Solana staking.
Grayscale Investments said on Friday it has filed an application with U.S. regulators for an exchange-traded fund aimed at a Solana blockchain, as the cryptocurrency asset manager looks to tap into the increasing momentum around bitcoin alternatives.
Cryptocurrency trader Ali Martinez believes Dogecoin (DOGE) is at a critical level that could determine its price direction over the near term. Martinez tells his 134,800 followers on the social media platform X that Dogecoin is at a “make-or-break level” of around $0.16.
The price of Solana fell to a 13-month low on Thursday.
PayPal has broadened its cryptocurrency services for U.S. customers by adding Solana (SOL) and Chainlink (LINK) to its platform.
The crypto market remained firmly in the red as it continued to grapple with market uncertainty and volatility following the introduction of heavy tariffs by President Donald Trump. As a result, Bitcoin (BTC) and Ethereum (ETH) experienced considerable declines.
Grayscale, the leading cryptocurrency asset manager, has filed to launch a Solana exchange-traded fund (ETF).
Solana whales have started offloading their tokens to cash in on their gains from a staking play that began four years ago. In April 2021, four whale addresses staked 1.79 million Solana (SOL) tokens, then worth about $37.7 million.
TL;DR The viral Web3 game “Infected” has abandoned Ethereum's Base network due to scalability issues and high gas fees during its launch. The developers argue that the problem isn't just Base, it reflects a deeper, fundamental issue with all EVM chains, while Solana offers a smoother, user-focused experience.
Solana faces bearish pressure, dropping 8% to $115 amid market turbulence, with analysts warning of a potential decline below $100 despite ecosystem growth and Fidelity's spot Solana ETF filing. The post Crypto Analyst Sounds the Alarm on Solana Price: Could SOL Fall Below $100 Despite Fidelity ETF Filing? appeared first on Cryptonews.
It's been three weeks since Solana's validators failed to pass SIMD-0228, a governance proposal that aimed to shift Solana's issuance to a market-based mechanism and reduce inflation in the process. But while validators — who earn their keep partly from Solana inflation — voted the measure down, issuance still doesn't feel like a settled question.
Grayscale's move to launch a Solana ETF could enhance institutional access to crypto markets, potentially boosting Solana's market presence. The post Grayscale files S-1 for spot Solana ETF with SEC, staking excluded appeared first on Crypto Briefing.
Solana has experienced its largest single-day token unlock, with more than $200 million worth of SOL entering circulation as investor interest in the network weakens. According to blockchain analytics platform Arkham Intelligence, over 1.3 million SOL tokens were released from staking on April 4.
A closely followed crypto strategist believes that one Ethereum (ETH) competitor may have reached a local bottom amid a broad market sell-off. Pseudonymous analyst Inmortal tells his 231,100 followers on the social media platform X that Solana (SOL) may be presenting a rare buying opportunity after hitting the 24-hour low of $112.
The team behind Infected , a crypto game based on a pandemic scenario, has decided to switch blockchains after a troubled launch.
Solana's price has fallen to $116, marking a 12% decrease over the past week amid growing concerns about large investors selling their holdings. According to reports, several major cryptocurrency holders, known as “whales,” unstaked and moved approximately $46 million worth of SOL tokens to exchanges, fueling the downward trend.
SOL could record its steepest fall in a long while.
The market fall has not lasted long, according to CoinStats.
Big Solana investors and traders are offloading the asset in anticipation of a major token unlock.
Solana's price is facing intense pressure as the broader crypto market experiences a sharp downturn.
A major Solana unlock has raised eyebrows across the crypto space after $33.27 million worth of SOL was sent to centralized exchanges. On an Apr.
A large Solana (SOL) unlock flowed into four whale wallets, as the owners sent their tokens to Coinbase and Kraken. After April's unlocks, the SOL release schedule will slow down for the rest of the year, with lower selling pressure.
Fidelity Investments received SEC acknowledgement for its spot Solana ETF filing. The launch of an ETP product could possibly propel a rally in SOL.
Viral game “Infected” rage-quitted Ethereum's Base and is packing its bags for Solana. The pandemic simulation game that spread like wildfire announced it is ditching Base for Solana after its launch turned into a gas fee horror show.
On April 3rd, the USDC Treasury minted 250 million USDC on the Solana blockchain, according to blockchain tracker Whale Alert. The freshly created tokens, valued at approximately $249.9 million, were issued just hours before press time as part of Circles ongoing efforts to boost USDCs circulating supply and meet growing market demand.
The U.S. Securities and Exchange Commission (SEC) has officially acknowledged Fidelitys application for a Solana exchange-traded fund (ETF), signaling growing institutional interest in the altcoin despite current market turbulence. Fidelity, one of the worlds largest asset managers with approximately $4.9 trillion in assets under management, entered the Solana ETF race in late March.
Solana's price tests critical support while network fundamentals strengthen with institutional adoption and DeFi growth, suggesting potential recovery.
Several whales unstaked and dumped SOL worth $46.3 million into the market.
This week, we examine Ethereum, Ripple, Cardano, Solana, and Shiba Inu in greater detail. Ethereum (ETH) Ethereum and most of the market closed March in red and April opened with a tariff war which crashed prices this week.
Solana price has extended weekly losses to 14% amid heightened selling pressure for the cryptocurrency. Whale data on Friday revealed that roughly $46M worth of SOL was unstaked and offloaded to exchanges in recent days.
Base architect Jesse Pollak responded to Infected's claims, saying the chain functioned as intended and the issues were due to the frontend.
Solana's next move hinges on its reaction on the price charts.
The dust for the U.S. reciprocal tariffs imposed on more than 100 nations has begun to settle. Bitcoin (BTC) price held above $82k, as the wider altcoin market, led by Solana (SOL), attempts a bullish recovery, following the maximum pain experienced since the Donald Trump administration took office.
Though the market for cryptocurrencies shows conflicting signals, Solana (SOL) seems ready for a breakthrough. Technical indicators point to SOL getting prepared for a notable upward rise following a sequence of price swings and periods of consolidation.
President Donald Trump's recent announcement of new tariffs has sent ripples through global markets, affecting everything from traditional stocks to digital assets.
On April 3rd, the USDC Treasury, in its regular attempt to boost the supply of USDC in circulation, created 250 million fresh USDC tokens on the Solana blockchain, according to data provided by blockchain tracker Whale Alert.
Solana (SOL) is under heavy pressure, with its price down more than 10% in the last 24 hours as bearish momentum intensifies across key indicators. The Ichimoku Cloud, BBTrend, and price structure all point to continued downside risk, with SOL now hovering dangerously close to critical support levels.
Solana's price action is dividing opinion on the internet as investors and analysts alike have opposite views on this token. Some call for $200 while others feel it's time to break the $100 barrier and reach $80.
The SEC acknowledging such a filing typically means it will then be published in the Federal Register, initiating the approval process.
The U.S. Securities and Exchange Commission (SEC) has now acknowledged Fidelity's Solana exchange-traded fund (ETF) filing.
SEC acknowledges Fidelitys Solana ETF filing as SOL drops 12% and Paul Atkins advances as SEC Chair nominee. The post SEC acknowledges Fidelity's Solana ETF filing as SOL sinks 12% on Trump tariff shock appeared first on Crypto Briefing.
The global cryptocurrency market took a major hit today, with the total market capitalization falling 5.46% to $2.63 trillion. This sharp decline was triggered by a broad sell-off following U.S. President Donald Trump's announcement of new tariffs on trading partners worldwide, sparking concerns about global economic stability. Bitcoin (BTC) led the downturn, dropping to $82,274.
Solana fell sharply after market turmoil, losing 8% and sliding below $130. Despite the decline in transactions and daily users, stablecoin balances and DEX volumes hint at long-term potential within the Solana ecosystem. The post Solana Slips Under $130, But Something Bigger Might Be Brewing appeared first on Cryptonews.
From bitcoin as a capital preservation tool to some targeting a move toward the $70,000 level, here's how traders are reacting to U.S. tariffs.
By the end of the year, Matcha anticipates that most decentralized exchanges and aggregators will support Solana.
Solana has established itself as one of the fastest and most scalable blockchains in the crypto world. Its blistering transaction speeds and low fees revolutionized ecosystems for decentralized finance, gaming, and NFTs, drawing comparisons to giants like Ethereum.
Investors' unease in the crypto market mirrored a tumultuous trading session on Wall Street, with Bitcoin, Solana, and other assets falling.