A crypto strategist who accurately called the Bitcoin (BTC) correction earlier this year thinks a decentralized finance (DeFi) altcoin is getting ready to erupt.

New American asset manager Canary Capital has filed to launch a spot Solana ETF in the United States, making it the third such firm to do so.

The crypto asset manager has now filed for a spot Solana ETF after getting the ball rolling for a spot for XRP ETF and Litecoin ETF earlier in October.

Over the past 7 months, the Solana price has traded sideways, struggling to sustain above the $200 level. However, as the crypto market witnessed a renewed recovery in late October, the SOL coin price is poised to escape this long-coming consolidation.

Canary Capital filed for a spot Solana ETF with the Securities and Exchange Commission (SEC) on Oct. 30, seeking to establish a US-based spot Solana (SOL) exchange-traded fund. If approved, the ETF would provide investors with direct exposure to the price of Solana held by the fund.

In a surprising take, a crypto analyst has foreseen a crash in the price of Solana despite the ongoing bull momentum. This analyst is projecting a crash in the price of Solana, offering a fresh perspective on the crypto heavyweight.

Canary Capital, a crypto-focused investment firm founded by former Valkyrie Funds co-founder Steven McClurg, has filed for a Solana (SOL) spot exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). This new development comes amid a surge of applications from various asset managers aiming to introduce cryptocurrency-backed ETFs on traditional exchanges.

Asset manager Canary Capital has officially filed for a spot Solana ETF in the United States, following in the footsteps of investment firm VanEck, which introduced its own application four months ago. The Solana ETF move was confirmed minutes ago by Bloomberg ETF expert James Seyffart on social media platform X (formerly Twitter).

Canary Capital has filed for a Solana-based exchange-traded fund as issuers gear up to see if they can secure U.S. regulatory approval.

Solana (SOL) price has experienced a strong rally, up 14.29% over the last 30 days. Despite some mixed signals in recent metrics, SOL has shown resilience, maintaining a generally bullish structure.

The number of addresses that have claimed the GRASS token airdrop has jumped to nearly 1.5 million — the highest yet on Solana.

The liquidation heatmap with a one-month look back period showed that $184-$196 region held a sizeable amount of liquidation levels.

October has seen Raydium, Solana's largest DEX, generate $22.3 billion in volume, while Uniswap on Ethereum has processed $38 billion.

Given that Solana (SOL) recently hit a 3-month high after scaling the $180 heights, it seems the sky's the limit for the fifth-largest cryptocurrency based on market value.

Crypto institutional products saw huge inflows in the last seven days with Bitcoin (BTC) and Solana (SOL) funds attracting bullish sentiments. Solana's products have shown signs of its 2023 run after netting consecutive weekly inflows.

The cryptocurrency market is opening the week with a surge of optimism as Bitcoin (BTC) grapples with its ongoing struggle to breach the critical $70,000 resistance. This situation is not just a challenge for Bitcoin; it's fostering a bullish atmosphere across the entire market.

Bitcoin's shallow pullback shows buyers are not rushing to the exit and increases the likelihood of a rebound to new all-time highs. Will altcoins follow?

Nitro Labs, the team behind Termina, a Solana scaling infrastructure platform, has raised $4 million in a seed funding round.

Heavily backed by the Binance exchange, the FDUSD stablecoin was previously available on Ethereum, BSC, and Sui networks.

The $SUI token underpinning the Layer 1 SUI network continues threatening rival Solana as it surges towards a new all-time high (ATH) today. In the last 24 hours, $SUI added 3% to trade at $2.03. This brings the token just 13.5% away from setting a new all-time high after it crosses $2.

Despite the initial setback, the crypto market regained its bullish momentum in late October as the Bitcoin price surged past $70,000 for the first time in 4 months. As the investors' sentiment grew for a crypto bull run, these Ethereum rivals could show the potential to turn a $1 investment into $1000.

First Digital Labs has announced the expansion of its FDUSD stablecoin onto the Solana blockchain, aiming to bring faster, lower-cost transactions to users worldwide. The announcement was made during Binance Blockchain Week, underscoring First Digital's strategy to increase the utility of FDUSD across multiple blockchain networks.

Solana (SOL), the fifth largest cryptocurrency by market capitalization has recently completed a golden cross, a bullish technical pattern that typically signals potential upward momentum.

The partnership enables VanEck's clients to access Solana staking rewards without the complexities of direct token management. The post VanEck and Kiln Join Forces to Offer Regulated Solana Staking appeared first on Cryptonews.

The cryptocurrency market is experiencing a notable shift in investor sentiment. Among the altcoins, Solana (SOL) is emerging as a strong contender, potentially poised to reach $185 in the weeks leading up to the elections.

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TL;DR VanEck partners with Kiln to integrate Solana staking into its investment offerings, providing institutional investors with seamless access to Solana staking without technical complexities. Kiln's proven track record and SOC 2 Type II certified infrastructure ensure robust security and reliability for institutional investors staking their assets.

Hong Kong-based stablecoin issuer First Digital Trust said Thursday it is expanding its FDUSD token to the Solana network.

Solana (SOL), the fifth-largest cryptocurrency by market capitalization, has recently seen a surge in activity from major investors, commonly referred to as “whales.” In the past week, these whales purchased an impressive 202,400 SOL tokens valued at $35 million from centralized exchanges, including Binance and Kraken.

Bitcoin (BTC) soared past $73,000 earlier today as it rose to $73,544, reaching levels last seen when it posted its all-time high over eight months ago amid growing optimism in the markets, a potential Republican victory in the upcoming US elections, and positive technical indicators. Analysts believe BTC is poised to post a new all-time high as early as this week if current positive trends persist.

Solana achieves multiple milestones with price reaching $180, network deposits hitting two-year highs at 42.5M SOL, and DEX volumes surpassing Ethereum amid broad ecosystem growth.

Solana-based token deployer, Pump.fun, has achieved a major milestone with its total revenue surpassing 1 million Solana. This figure, valued at around $188.5 million, brings Pump.fun close to claiming the $200 million revenue mark.

Solana price reached a 3-month high, marking the highs at around $183.38 while the volume remained within the decent range. Currently, the markets are extremely hyped and bullish on Solana and SUI, and as a result, tokens like Ethereum, XRP, and Cardano are losing the trader's attention.

Solayer announced the launch of sUSD, a real-world asset-backed stablecoin, on the Solana blockchain.

Asset manager VanEck has announced a strategic partnership with Kiln, a prominent digital asset rewards platform, to integrate staking into VanEck's Solana Strategy.

The Solana (SOL) memecoin ecosystem is regaining traction with investors as Bitcoin (BTC) leads the overall market recovery, approaching its previous record high of $73,700 set in March. This renewed interest is reflected in the performance of Popcat (POPCAT), one of the outstanding and best-performing tokens in the Solana memecoin space over the past month.

Binance announces new Earn Wednesday offers, including ETH and SOL staking, with flexible and locked products available on a first-come, first-served basis.

Solana price continued its strong recovery this week, soaring to a high of $180, its highest level since July 31st. It has jumped by about 65% from its lowest point in September, giving it a market capitalisation of $84 billion, and a fully diluted value of $106 billion.

Shiba Inu appears to be displaying indications of a possible reversal. The asset is currently seeing a notable uptick in whale activity after struggling to regain its previous momentum.

Solana's social volume has reached levels not seen in the past six months.

Solayer's sUSD is a first-of-its-kind RWA-backed stablecoin on Solana. Unlike traditional stablecoins pegged to fiat, sUSD offers a decentralized alternative. The post Solayer Launched sUSD, a User-Friendly RWA-Backed Stablecoin on Solana appeared first on Cryptonews.

A Solana whale has made $2.5 million from his crypto strategy amid recent market growth. Crypto whales can reshape their holdings depending on market swings.

Solana price hits $180 as Bitcoin storms toward a new all-time high. Data suggests SOL can go higher.

As the cryptocurrency market evolves, new players emerge while established coins continually innovate. This article explores five coins and projects: Qubetics, Ripple, Avalanche, Chainlink, and Solana. With unique features and value propositions, these coins showcase various technologies, applications, and growth potentials in the crypto ecosystem.

Solayer says anyone can mint the yield-bearing sUSD token with at little as $5 in USDC.

TL;DR Solana's market capitalization reaches $85.2 billion, approaching Binance Coin (BNB), which has $88.92 billion. SOL experienced a growth of nearly 450% in the last year, surpassing BNB's 168%. The market for SOL memecoins exceeded $12 billion, driven by the Pump.fun platform and the launch of “Dogwifhat.

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