Ever since the launch of the memecoins over the Solana network, the traders have become extremely vigilant. As a result, almost every token launched over the platform gained huge attention, which triggered the traffic over the platform. Besides, the launch of the OFFICIAL TRUMP (TRUMP) by the president himself raised the bar for the network.

Avalanche (AVAX) joined Solana (SOL) as an underperformer, declining 5.7%.

The majority of wallets that hold Trump have made less than $100, while around 60 whales have earned over $10 million, Chainalysis said.

The $SOL price has come up against the biggest resistance of this bull market. Will the price be rejected, or can a breakthrough and confirmation above, spark its next possibly parabolic phase?

Today's decision will have a very huge impact on the crypto ETF space.

In today's crypto news: Bank of America's Crypto Stance: CEO Brian Moynihan stated that banks are ready to adopt crypto for transactions, but only with clear regulations. He sees digital assets as an additional payment method, not a threat to the U.S. dollar.

Solana's (CRYPTO: SOL) has surged 21% over the past week, driven by excitement over meme coin launches and anticipation of a futures ETF. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Solana (CRYPTO: SOL) $244.80 $119.1 billion -4.6% +21% Ethereum (CRYPTO: ETH) $3,208.51 $386.5 billion -3.1% -3.8% XRP (CRYPTO: XRP) $3.09 $177.7 billion -2.6% -2% Trader Notes: Crypto trader Jelle predicts "more violent moves" ahead as Solana consolidates near its previous all-time highs.

TL;DR Solana's stablecoin supply surpasses $10 billion, driven by recent memecoin launches like $TRUMP and $MELANIA. Historical trends suggest potential significant price movements for $SOL, but market analysts remain cautious due to low lending yields.

Futures and cryptocurrencies: why have XRP and SOL attracted attention?

ARK Invest CEO and CIO Cathie Wood recently expressed skepticism regarding the utility of the TRUMP meme coin, a new cryptocurrency associated with US President Donald Trump.

The Chicago Mercantile Exchange (CME) Group denied plans to launch futures contracts for Ripple's XRP or Solana (SOL) after a beta page mistakenly went public.

Solana Temple, a month-long wellness-first program, is redefining how founders approach personal development and business growth.

The frenzy of memecoins linked to Donald Trump has propelled the Solana ecosystem to new historic heights. According to a report from Copper.co, the number of new addresses on the Solana blockchain reached nearly 9 million before the inauguration of the American president.

The approval of the first memecoin ETFs is more likely after the departure of former SEC chair Gary Gensler, regulatory experts told Cointelegraph.

As Solana network dominates Ethereum and others in DEX volume, the SOL price trend hints at a new all-time high.

Ethereum retained its position as the highest-earning blockchain in 2024, collecting $2.48 billion in fees, nearly triple Solana's earning.

When it comes to cryptocurrencies that are currently in the limelight, few are more compelling to invest in than Solana (SOL -3.00%) The blockchain's claims to fame are already numerous and growing by the day, and with its price rising by 55% during the past three months alone, its attractiveness as an investment is only increasing for now.

The US SEC (under its new Acting Chairman) might approve a Solana ETF as early as today (January 23).

After some volatile days, Solana (SOL) has broken out of a three-day downtrend, fueling inventors' bullish sentiment for its short-term performance. A crypto analyst suggested that SOL might be preparing to surpass $300 soon if a key level is reclaimed.

CME and the demand for regulated instruments for crypto trading

The SEC's decision on Grayscale's Solana Trust ETF could set a precedent impacting future crypto ETF approvals amid regulatory challenges. The post SEC faces first deadline to decide on Grayscale's Solana Trust ETF conversion proposal appeared first on Crypto Briefing.

The possibility of a Spot Solana ETF approval fuels speculation about SOL reaching $300. Despite a minor pullback, the Solana price remains steady above $240 after a 15% drop from its recent $294 ATH.

Coinbase CEO Brian Armstrong announced that the exchange has resolved a significant backlog of Solana transactions.

The release of Donald Trump's meme coin has triggered a remarkable surge in activity on the Solana blockchain, with new addresses reaching nearly 9 million daily.

The cryptocurrency market has been awaiting positive moves on its charts, as investors and traders anticipate concrete implementations of the digital assets infrastructure by the Trump government. After the success of Bitcoin and Ethereum ETFs, the business now expects Solana and XRP ETFs.

Market speculation and volatility may increase as investors anticipate potential new futures offerings, impacting XRP and Solana's market dynamics. The post CME Group clarifies no official decision made on XRP, Solana futures contracts appeared first on Crypto Briefing.

In a significant development for the broader cryptocurrency market and ongoing digital asset adoption in the US and globally, the Chicago Mercantile Exchange (CME), the world's largest derivatives marketplace, briefly added a futures page for XRP and Solana (SOL) to its staging subdomain.

The Chicago Mercantile Exchange (CME) Group has clarified that no official decision has been made regarding the launch of futures contracts for Solana (SOL) and XRP (XRP).

CME Group's staging website revealed plans for a February 10 launch of XRP and Solana futures contracts with both standard and micro sizes, though the exchange has not officially confirmed the information.

Solana's price reached $271 amid CME Group's announcement of SOL futures trading, though mixed market indicators including decreased network fees and active addresses suggest potential challenges ahead for sustained growth.

The CME Group is reportedly gearing up to launch Futures ETFs tied to XRP and Solana, with a tentative release date of February 10, 2024, pending regulatory approval. This came just after Trump's inauguration and Ripple's closed-door meeting held this month the factors are hinting something bigger is on the way.

After a leaked page detailed Solana and XRP futures on CME, a spokesperson confirmed that it was an early mock-up and no official plans have been finalized yet.

A screenshot of a beta page for XRP (XRP) and Solana (SOL) futures contracts was posted on X earlier on Wednesday.

Mert Mumtaz, CEO of Helium Labs, a group that describes itself as Solana's top RPCs, APIs, data, nodes, and developer support, called out Coinbase executives on the social media platform, X. Mumtaz criticized them for statements that he perceived to be attempts to position Base as a superior network to Solana.

Coinbase founder and CEO Brian Armstrong says the latest memecoin frenzy is overwhelming the top US-based crypto exchange. Armstrong acknowledges that Solana is experiencing transactional delays on Coinbase amid a high volume surge in the trading of memecoins launched on the SOL network.

Bitcoin and Solana have been leading the charge in the cryptocurrency market, seeing substantial gains and attracting attention from investors worldwide. However, one prominent crypto analyst is now raising alarms, warning that the two assets could be nearing the peak of their current bull runs.

CME Group is potentially preparing to launch futures contracts for Solana (SOL) and XRP, based on reports and images shared on social media on Jan. 22.

The Chicago Mercantile Exchange (CME) plans to launch futures trading for XRP and Solana (SOL) on February 10, pending regulatory approval, according to a Jan. 22nd X post by Bloomberg ETF analyst James Seyffart. The information comes from a staging version of CME's official website, which hinted at the upcoming release.

The Chicago Mercantile Exchange (CME) is reportedly preparing to introduce futures contracts for Solana and XRP. There's a potential launch date of February 10, contingent on regulatory approval.

One of the Solana developers, focusing on the Firedance validator client, has moved on to build his own project and a new L1 chain.

Solana price surged by another 5.6% as it reached $271 on Wednesday bringing its 10-day timeframe gains above. Market reports suggest the latest rally is linking to CME group listing SOL on the world's largest derivatives exchange.

Pantera Capital general partner and portfolio manager Cosmo Jiang joins CoinDesk to discuss their investment in Solana and the growth of the blockchain in the past year. Plus, recent movements across the crypto market and outlook on the convergence between AI and blockchain.

Solana rallied by 7% on Jan. 22, but a few data points suggest a move to SOL's all-time high could take longer than expected.

The potential launch of XRP and Solana futures on CME could enhance market liquidity and attract institutional investors, impacting crypto adoption. The post CME leak suggests XRP, Solana futures may debut on February 10 appeared first on Crypto Briefing.

According to the CME, 29.4 million crypto futures contracts were traded in 2024, valued at over $1.7 trillion in notional figures.

The CME's staging website indicated investors could soon access futures contracts for Solana and Ripple's XRP.

Brian Armstrong, Coinbase CEO, announced plans to enhance Solana (SOL) support to match Bitcoin and Ethereum. Following the resolution of transaction issues, Coinbase seeks to improve user experience amid Solana's rapid adoption in DeFi, NFTs, and gaming sectors. The post Coinbase CEO Says Solana Backlog Fixed, Plans Tier-1 Support for SOL appeared first on Cryptonews.

Solana's DEX volume ratio compared to Ethereum has reached an unprecedented 268% in January.