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Solana News
Bitcoinist
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Broader Than SEC’s Case: Oregon AG Lawsuit Against Coinbase Calls 31 Cryptocurrencies ‘Unregistered Securities’
- Oregon's Attorney General (AG) has included XRP and 30 other cryptocurrencies as alleged 'unregistered securities' in the state-level complaint against Coinbase.
- The lawsuit claims that Coinbase violated Oregon securities law by facilitating the sale of unregistered cryptocurrencies to the state's residents.
- Coinbase's Chief Legal Officer (CLO) criticized the lawsuit, calling it an 'embarrassing waste of Oregon taxpayer dollars' and suggesting it is politically motivated.
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Cryptopotato
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Crypto Whale Nets $153M Profit After Unstaking 100K SOL
- A Solana (SOL) whale has unstaked 100,000 SOL worth $13.9 million and deposited it into Binance.
- The whale still holds 1.19 million SOL, valued at $166.37 million, suggesting a strategic rebalancing.
- Another wallet withdrew 44,116 SOL worth $6.15 million from Binance and promptly staked it.
- Solana's chart shows consolidation, with a 0.8% gain in the last day and a 6% jump in the week.
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Crypto-News-Flash
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Crypto Market Reacts to Paul Atkins as SEC Chair– These Altcoins Could 10X
- XRP, Solana, and Hedera Hashgraph (HBAR) are potential altcoins to benefit from Paul Atkins' emergence as SEC Chair.
- These altcoins have Exchange-Traded Funds (ETFs) awaiting approval, which could fuel a 10X rally for each cryptocurrency.
- Ripple (XRP) has seen a price increase after concluding its litigation with the SEC, and a bullish price reversal signal has formed.
- Solana (SOL) and Hedera Hashgraph (HBAR) also show bullish patterns and have potential for significant price increases in the near future.
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Livebitcoinnews
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Astra Fintech Launches $100M Fund to Boost Solana Ecosystem in Asia
- Astra Fintech has launched a $100 million fund to support the growth of the Solana ecosystem in Asia.
- The fund will be used to discover and develop promising developers, startups, and projects operating in the Solana blockchain environment.
- Astra plans to expand its PayFi initiative and has added Banana Pay as a new component to its blockchain payment solution.
- The company focuses on South Korea as its primary base for blockchain development and fintech growth in Asia.
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Bitcoinsensus
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DeFi Development Corporation: Janover Makes Strategic Pivot and Acquires 88,164 SOL
- DeFi Development Corporation, previously known as Janover, has made a strategic pivot and acquired 88,164 SOL, transitioning from a PropTech platform to a crypto treasury focusing on Solana-based assets.
- The company's new website provides public access to treasury data, including balances, metrics, and SOL per share.
- Despite the shift in strategy, the company will continue to operate its existing PropTech platform alongside the new crypto treasury model.
- DeFi Development Corporation's goal is to deliver on-chain transparency for public market investors and create a product tailored for public market investors in the crypto space.
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Crypto-News-Flash
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15,000 Solana Memecoins Manipulated in Launches Using Pump.Fun, Report Finds
- Over 15,000 memecoins launched on the Pump.Fun platform on Solana blockchain were manipulated by coordinated pump-and-dump operations, according to recent research by Pine Analytics.
- The tactic involved seeding sniper wallets with funds to purchase their own meme coins, inflating the price and leaving investors with losses.
- The report also highlighted that sniping was highly automated and profitable, with activity concentrated during U.S. business hours and the use of multi-wallet farming structures.
- Ethereum founder Vitalik Buterin has criticized Pump.Fun for prioritizing hype over substance.
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NullTX
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Solana’s DEX Wars Intensify as Pumpfun and Orca Challenge Raydium’s Dominance
- The Solana decentralized exchange landscape is experiencing significant changes as emerging platforms challenge Raydium's dominance.
- Raydium, which led the market with a 31% share, has seen a sharp decline from its peak of 63% in 2025.
- Competitors like Pumpfun, Orca, Meteora, and SolFi are gaining traction, with Pumpfun standing out with a 19% market share.
- Pumpfun's success is attributed to its memecoin launchpad and high-speed AMM, attracting retail interest and offering liquidity.
- Orca and SolFi are competing over dominance in core trading pairs like SOL-USD, with Orca slightly leading at 27%.
- Orca has also shown strength in Project Token and Liquid Staking Token markets, appealing to a diverse user base.
- Despite its market share decline, Raydium still holds a significant position in the Solana DEX scene with 31% share.
- DEXs like Raydium need to adapt and modernize to meet evolving trader demands and maintain relevance.
- The competitive Solana DEX market signifies increased user choice and innovation, leading to a more dynamic ecosystem.
- The future will determine whether dominant players emerge or a multi-DEX ecosystem with specialization prevails.
- The rapid pace of protocol launches and focus on innovation show the ongoing evolution and competitiveness in Solana's DeFi space.
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NullTX
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Solana Sees Soaring Institutional Interest and On-Chain Growth as Galaxy Digital and Whales Accumulate $SOL
- Solana is experiencing a surge in institutional interest and on-chain growth, attracting attention from investors like Galaxy Digital.
- Institutional involvement is increasing, with Galaxy Digital acquiring significant amounts of $SOL and showing confidence in Solana's future prospects.
- Solana's dApps are generating substantial revenues, and whales are actively trading its native token, indicating a positive outlook for the platform.
- Galaxy Digital has invested $95 million in $SOL, reaffirming its long-term commitment to Solana amidst market volatility.
- A significant stakeholder withdrew a sizable amount of SOL from exchanges, demonstrating strategic investment behavior aimed at capitalizing on price movements.
- Over $100 million has been bridged to Solana from other chains, with notable transfers from Ethereum, indicating growing usage and adoption of the network.
- Solana's dApp ecosystem is thriving, with projects like @pumpdotfun and @AxiomExchange driving substantial revenues on the blockchain.
- The convergence of institutional investments, whale transactions, and increasing on-chain activities point towards a promising future for Solana.
- Solana appears well-positioned to continue its growth trajectory, potentially leading the multichain race with support from key players like Galaxy Digital.
- This overview does not constitute trading or investment advice, emphasizing the importance of conducting thorough research before engaging with cryptocurrencies or investment services.
- For the latest updates on the Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse sectors, follow @nulltxnews on Twitter.
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Crypto-News-Flash
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Ethereum’s Market Share Shrinks as Galaxy Digital Swaps $106M ETH for Solana
- Galaxy Digital swaps $106.5M worth of ETH for Solana, signaling concerns about Ethereum's market outlook.
- Ethereum's dominance in the cryptocurrency market has dropped below 7% - the lowest it has ever been.
- Institutional investors are pulling out of Ethereum, with eight consecutive weeks of net outflows from U.S.-based ETH exchange-traded funds.
- Solana is gaining momentum as an alternative to Ethereum, with increasing decentralized finance (DeFi) activity and the potential to surpass Ethereum in market cap.
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Newsbtc
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Ethereum At $9,200, XRP At $5,800, And Solana At $3,400? Analyst Says This Is Not Possible
- Bitcoin leads a period of slow but steady gains in the cryptocurrency market, with most altcoins lagging behind.
- Samson Mow challenges the misleading nature of unit bias among altcoins like Ethereum, XRP, and Solana, stating that their current prices are virtually impossible given their supply. He proposes reevaluating altcoin valuations by applying Bitcoin's supply model.
- The current price of Ethereum, Solana, and XRP shows that altcoin appeal is driven by unit bias rather than actual value. Bitcoin's better fundamentals and scarcity contribute to its dominance in the market.
- While some analysts anticipate an incoming altcoin season, Mow believes Bitcoin dominance is likely to grow stronger in the long run, reinforced by inflows into spot Bitcoin ETFs and increasing recognition from traditional finance investors.
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Crypto-News-Flash
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Crypto News: Consensys, Uniswap, Solana Funded Trump’s Inauguration with Massive $239M, Records Show
- Crypto leaders like Solana, Uniswap, and Consensys have made major donations to former President Donald Trump's inauguration fund.
- The contributions totaled $239 million, with Solana Labs donating $1 million, Uniswap CEO donating $245,000, and Consensys donating $100,000.
- Other notable crypto donors included Ripple Labs with a $4.9 million contribution, as well as Coinbase, Kraken, Ondo Finance, and Robinhood.
- Solana's involvement in the event is seen as a strategic move to strengthen its regulatory positioning and gain support from the institutional market.
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Cryptopotato
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Image Credit: Cryptopotato
Ethereum Investors Capitulate? Prominent Crypto Giant Sells ETH to Buy SOL
- One of the most prominent ETH investors, Galaxy Digital, has been selling its ETH holdings and replacing it with SOL, the token of the Solana blockchain.
- In the past two weeks, Galaxy Digital deposited 65,600 ETH ($105.48M) into Binance and withdrew 752,240 SOL ($98.37M) from the exchange.
- Solana is considered a prominent competitor to Ethereum, offering faster speeds and lower transaction costs, which may pose a threat to Ethereum if more investors follow Galaxy Digital's lead.
- Additionally, a wallet linked to the Ethereum Foundation has deposited 1,000 ETH ($1.58M) into Kraken, raising questions about whether the Foundation is also selling its holdings.
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TheNewsCrypto
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Metaplex Faces Legal Heat Over Plans to Redirect User Funds
- Metaplex is facing legal scrutiny from Burwick Law over its transfer of more than 54K unclaimed SOL.
- Holders have until April 25, 2025, to reclaim funds.
- Burwick Law argues that many NFT holders were never clearly notified that their unused funds might be swept into a treasury they don’t control.
- Burwick has proposed a resolution that includes pausing the token sweep and refunding remaining rent directly to NFT holders.
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Bitcoinsensus
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Image Credit: Bitcoinsensus
Solana Price Prediction: Bounce from Imbalance Zone, What’s Next?
- Solana price reacted cleanly to an H4 demand with imbalance, indicating a potential bounce.
- Imbalance zones and liquidity pockets often reveal the true market story.
- Liquidity sitting above and below price makes the next direction tricky.
- Possible scenarios include a short-term bullish move targeting the liquidity above or a deeper correction to revisit uncollected liquidity below.
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Crypto-News-Flash
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Image Credit: Crypto-News-Flash
Upexi Goes All In With $100M Solana Treasury Strategy
- Upexi, a NASDAQ-listed consumer products company, has raised $100 million through a private placement to buy and stake Solana (SOL) tokens.
- The funds will be used to build a crypto-based cash system with Solana as its centerpiece, and a small portion will be allocated for operational needs and debt repayment.
- Institutional interest in Solana is growing, with support from firms such as GSR, Ark Invest, Janover, and Astra Fintech across multiple initiatives.
- Other recent developments include Ark Invest adding exposure to SOL in thematic ETFs, Janover purchasing SOL tokens and becoming a validator on the Solana network, and Astra Fintech launching a $100 million fund to support projects in the Solana ecosystem.
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