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news-imageOctober 7, 2024

Solana Gains 6.39% as Ethereum Drops 30.13% Since June

Solana outperforms Ethereum with a 6.39% price increase since June, while Ethereum drops 30.13%, reflecting shifting investor preferences and network dynamics in the cryptocurrency market.
Publisher: Blockonomi
Sentiment: Positive
ETH
SOL

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November 1, 2024

Will Solana Price Reach $200 in November?

Over the past seven months, the Solana price has traded sideways, struggling to sustain above the $200 psychological level. While the consolidation has created uncertain market sentiment with a lack of initiation from buyers, the Q4 period could be a game changer.

Positive
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November 1, 2024

Solana Sees $173M Funding Surge In Q3 Amid Rising Institutional Interest From PayPal, Visa, Franklin Templeton

Solana's (CRYPTO: SOL) ecosystem showed notable financial and institutional growth in the year's third quarter, securing $173 million in new funding across 29 projects despite a slowdown in the number of funding rounds, according to a new Messari report. What Happened: This 54% quarter-over-quarter increase represents the highest quarterly funding total since Q2 2022, highlighting investor confidence in Solana's infrastructure and DeFi solutions, Messari writes.

Positive
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November 1, 2024

UBS launches first tokenized investment fund on Ethereum

UBS Asset Management has introduced its first tokenized investment fund on Ethereum. Named “UBS USD Money Market Investment Fund Token,” or ‘uMINT,' the fund is built on Ethereum (ETH) for various authorized distribution partners across Singapore, per UBS.

Positive
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November 1, 2024

UBS Asset Management Debuts Tokenized Money Market Fund on Ethereum

UBS Asset Management has launched the UBS USD Money Market Investment Fund Token, or uMINT, on Ethereum's blockchain. Targeted at institutional investors, uMINT offers a secure, conservative digital investment in high-quality money market instruments, aligned with UBS's broader blockchain strategy. The post UBS Asset Management Debuts Tokenized Money Market Fund on Ethereum appeared first on Cryptonews.

Positive
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November 1, 2024

Ethereum (ETH) Eyes 12% Rally as 100% Win-Rate Trader Goes Long

Ethereum (ETH), the world's second-largest cryptocurrency by market cap, appears to be a perfect buying opportunity as whales and institutions are heavily accumulating. On November 1, 2024, a blockchain-based transaction tracker Lookonchain made a post on X (previously Twitter) that a smart trader had purchased a significant 7,483 ETH worth $18.8 million.

Positive
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November 1, 2024

UBS launches its first tokenized fund on Ethereum blockchain

UBS Asset Management, a subsidiary of Zurich-headquartered investment bank UBS, has launched its inaugural tokenized fund on the Ethereum blockchain, aiming to expand access for its clients. According to a Nov. 1 statement, the new product — the “UBS USD Money Market Investment Fund Token” or “uMINT” — offers clients an innovative investment solution.

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