With $1.6 trillion under management, why is Franklin Templeton doubling down on blockchain?
Solana (SOL) has been experiencing considerable pressure as its price struggles to stay above $200, now declining toward the $190 range. After facing strong resistance around the $200 mark, Solana's market cap is now sitting at around $94 billion, and the recent downtrend has raised concerns about the potential for further price declines.
A major whale reappeared after two months, withdrawing 61,319 SOL. Could this mark a new bullish phase for Solana?
Jupiter Exchange, a leading decentralized trading aggregator on Solana, announced plans to allocate 50% of its protocol fees toward repurchasing and locking JUP tokens for three years, starting Feb. 17.
Jupiter DEX will start buybacks on Monday, February 17. The DEX will use 50% of its fees for the buyback, locking the JUP tokens in a special wallet for three years.
Deutsche Bank, Germany's largest financial institution, has partnered with Swiss crypto company Taurus and launched a Solana-based TDX marketplace.
The Doodles NFT collection plans to launch a token DOOD that will be hosted on the Solana network.
Solana's BONK is demonstrating remarkable stability, holding its support amid ongoing market fluctuations. At the same time, whispers of a revolutionary rival altcoin are growing louder—one that is ambitiously targeting a 44,000% surge.
JUP buybacks start Feb 17, cutting supply while boosting demand. With price forming a bullish setup, will it break past $1.27?
According to Lookonchain data, Pumpfun deposited an additional 148,759 Solana to Kraken today. The new deposit brought the total tokens deposited to the centralized exchange to 2,280,377, worth $462 million.
Binance founder Changpeng Zhao , known as “CZ,” ignited a meme coin frenzy and subsequent backlash in the crypto community after sharing a story and photos of his dog, a Belgian Malinois named Broccoli. While CZ explicitly stated he was not creating a meme coin himself, the post prompted the launch of hundreds of tokens bearing the dog's name on the BNB Chain (CRYPTO: BSC).
Solana (SOL) price has struggled to maintain levels above $200, with its market cap now sitting at $94 billion. The latest price action shows that SOL faced strong resistance near $200 and has since declined to the $190 range in the last few days.
Bitcoin (BTC) and the broader cryptocurrency market have been rattled by heightened volatility following hotter-than-expected economic data, reigniting inflation concerns. The renewed pressure led to a 2.9% decline in the global crypto market cap, now standing at $3.28 trillion over the past 24 hours.
Jupiter's buyback policy could enhance token value and investor confidence, aligning with broader crypto trends in supply management strategies. The post Jupiter announces JUP buyback policy starting Monday appeared first on Crypto Briefing.
Franklin Templeton has taken the next step to corner an emerging sector of crypto-based products with Solana, bolstering SOL price forecasts. The post Institutional Money Flows Into Solana – Could Franklin Templeton's Move Push SOL to $10,000? appeared first on Cryptonews.
Despite the global crypto market's recent rebound to reach $3.16 trillion, the Solana price is facing significant pressure. Solana's current struggle is primarily triggered by pump.fun's massive SOL sell-off.
Taurus selected Solana for its high-speed, low-cost transactions and increasing demand for real-world asset (RWA) tokenization.
Doodles CEO and co-founder Scott Martin opened up about how the NFT brand is shifting gears. First up: a DOOD token launch on Solana.
Pump.fun ecosystem is dominated by AI narrative tokens as other memecoins suffer carnage.
The dynamics of power are evolving at a breakneck speed in the crypto sphere. Today, it is BNB (Binance Coin) that is making headlines by surpassing Solana (SOL) in terms of market capitalization.
The latest downturn in crypto has resulted in many investors heading for the exits. However, there are signs that in the top two layer one cryptocurrencies, outside of Bitcoin, a bottom could be forming.
Binance is in the spotlight as online analysts on X question its low reserves and whether the crypto exchange sold its BTC, SOL, and XRP reserves to pay its $4.3 billion fine to the Department of Justice (DoJ). Binance, however, has assured customers that their funds are safe.
Blockchain tracking firm Lookonchain says a crypto whale suddenly withdrew $5 million worth of Solana (SOL) to possibly buy more artificial intelligence (AI) related tokens.
Backpack CEO Armani Ferrante joins the Hashing It Out podcast to discuss the future of crypto exchanges, security, regulation and the evolving Solana ecosystem in 2025.
Trading for these Solana-based tokens is set to begin on or after 9 AMPT on February 13, 2025, provided liquidity conditions are met. These new additions continue Coinbase's push to expand its offerings, especially within the growing Solana ecosystem.
Taurus, a digital asset firm backed by Deutsche Bank, has launched its enterprise-grade custody and tokenization platform, Taurus-CAPITAL, on the Solana blockchain.
Few asset classes have created millionaires faster than crypto. Known for their explosive volatility , these digital assets have allowed retail investors to trounce benchmarks like the NASDAQ Composite and S&P 500.
TL;DR FDUSD-FOMO Pay Partnership: First Digital USD (FDUSD) partners with FOMO Pay to enable on-chain stablecoin payments for merchants on Ethereum and Solana blockchains. Merchant Integration: Over 200,000 merchants across Asia will now accept FDUSD, leveraging faster settlement times and reduced fees.
Integration of Taurus-PROTECT and Taurus-CAPITAL provides banks and issuers with secure custody, staking, and scalable issuance of tokenized assets on Solana. The post Deutsche Bank-Backed Taurus Integrates with Solana, Enables Institutions to Enter Tokenized Asset Space appeared first on Cryptonews.
Bitcoin (BTC) recovered from a low of $94,106 on Wednesday to move to its current level of $96,628. BTC retreated below $95,000 after inflation data showed inflation had risen more than economists had predicted, rattling the crypto and traditional markets.
The line between traditional finance and the world of crypto continues to blur. Franklin Templeton, a giant in asset management with $1.6 trillion under management, takes another step towards integrating blockchain and announces the extension of its tokenized US money market fund (FOBXX) on Solana.
If you're thinking about allocating $2,000 to the cryptocurrency sector, you're in luck, because there are a plethora of great choices right now. It's just a matter of finding the coins that mesh the best with your investing philosophy and your other preferences.
BNB surged 22.2% in a week, outperforming the broader crypto market, while SOL's decline reflects growing market volatility among altcoins.
Franklin Templeton has announced the expansion of its OnChain U.S. Government Money Market Fund (FOBXX) to the Solana blockchain.
Solana (SOL) has been struggling to regain the momentum seen at the close of 2024, with the price oscillating between $180 and $260 since November. Currently, SOL is facing resistance at around the $205 mark, which has been a consistent obstacle for the past week.
Binance Coin (BNB) rallied above $700 and moved ahead of Solana (SOL) after a revival of the Binance Smart Chain ecosystem, complete with new meme token launches.
Amid today's market retrace, BNB is leading the market with a 9% surge and surpassed Solana after flipping the cryptocurrency's market cap. Some analysts suggest BNB's breakout could attempt to reclaim the $700 level and target new highs.
BNB Chain has unveiled a series of major upgrades set for 2025, aiming to significantly enhance transaction speed, reduce costs, and introduce AI-driven features. The post BNB Overtakes Solana to Become 5th Largest Crypto as BNB Chain Unveils 2025 Upgrades appeared first on Cryptonews.
Two dormant Solana whale addresses have reactivated and accumulated $18.6 million worth of SOL tokens while the price consolidates near $200, with one address purchasing 61,319 SOL at $202.53 and another acquiring 30,901 SOL.
If you hold Solana tokens like $BONK, $PENGU, $UFD, $WIF, or $JUP and $RAY, you can now buy them. Also, users can now manage them directly from their mobile.
After submitting a formal request to the CFTC, Coinbase Derivatives would now be ready to list futures on Solana.
First Digital, the group behind the FDUSD stablecoin, has joined hands with FOMO Pay, a licensed Major Payment Institution in Singapore and Hong Kong, to add the stablecoin to FOMO Pay's payment solutions on Ethereum and Solana. The post FDUSD Integrates with FOMO Pay on Ethereum and Solana, Enables Payments to Merchants appeared first on Cryptonews.
In 2021, Solana surged in the cryptocurrency market, escalating from below $2 to a peak of $260. Its velocity, scalability, and the proliferation of decentralized finance made it a leading performer. A new AI-driven cryptocurrency is generating significant attention, claiming a remarkable 9,800% potential return.
Due to a number of planned advancements in the BNB Chain's 2025 roadmap, BNB has surpassed SOL to become the fifth largest cryptocurrency by market cap.
What is the future of Solana (SOL) with Franklin Templeton's expansion into its ecosystem, the launch of new investment products, and growing ETF interest?
Asset manager Franklin Templeton has introduced its tokenized money market fund, the Franklin OnChain US Government Money Fund (FOBXX), on the Solana (SOL) blockchain.
BNB, the native crypto for the BNB chain, has experienced a significant surge in market capitalization, surpassing Solana (SOL).
Swing traders and investors need to watch out for a drop below $190 as selling pressure remains firm.