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Solana News
Crypto-News-Flash
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Solana DEX Trading Volume Hits $100B, Doubling Ethereum’s Activity
- Solana's decentralized exchanges (DEXs) have reached a milestone, with monthly trading volume exceeding $100 billion, doubling Ethereum's trading activity during the same period.
- Solana's growth is driven by its scalability, cheap transaction fees, and increased user engagement in the DeFi and meme coin trading.
- Factors contributing to Solana's growth include its high throughput, low fees, bridging from other blockchains, and popular platforms like Raydium.
- Solana's increasing popularity presents challenges in maintaining network stability, but its adaptability and attraction to institutional investors are evident.
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Crypto-News-Flash
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When Will SOL, XRP, LTC, HBAR ETFs Be Approved? Bloomberg Analyst Weighs In
- The approval for SOL, XRP, LTC, and HBAR ETFs may be delayed until late 2025 due to regulatory hurdles.
- The SEC has historically denied altcoin ETFs due to the absence of regulated futures markets.
- Upcoming SEC leadership changes could potentially accelerate ETF approvals for altcoins.
- Staking for altcoins and regulatory reforms may be integral to ETF products in the future.
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Cryptoticker
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BIG NEWS: Solana Hits $100B Monthly DEX Volume
- Solana network achieves over $109 billion in decentralized exchange (DEX) trading volume in November, surpassing Ethereum's volume.
- Driving factors include memecoin buzz, low transaction fees, and user-friendly platforms like pump.fun and Raydium.
- Solana's price reaches an all-time high of $264, reflecting its strong market fundamentals and outperforming Bitcoin and Ethereum.
- Short-term consolidation possible due to overbought conditions, but long-term prospects remain bullish with potential for further growth.
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99Bitcoins
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What The HELL is Happening on Pump.Fun?
- Pump.fun, a Solana meme coin creation platform, is facing serious concerns about moderation, safety, and ethics in the crypto community.
- The live-streaming feature on Pump.fun has been abused, with incidents of self-harm threats and even alleged suicides.
- The platform's moderation policies have come under scrutiny, as critics claim that the effort to remove harmful content falls short.
- Experts fear that unregulated platforms like Pump.fun could face regulatory scrutiny if content tied to meme coins violates legal or ethical standards.
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Bitcoinsensus
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Solana Price Hits $250: What’s Next for the Bullish Trend?
- Solana (SOL) is currently trading at $250 with a bullish market structure on the H4 timeframe.
- Scenario 1: There could be a retracement before Solana continues its upward journey, potentially landing around interesting demand zones.
- Scenario 2: Solana might fake an upward move to grab liquidity before dropping, creating a trap for traders expecting continuation.
- Remember, markets are unpredictable, so it's important to approach every trade with caution and do your own research.
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Crypto-News-Flash
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Dogecoin Foundation Challenges Trump’s Crypto Tax Preferences
- Dogecoin Foundation challenges the policy rumored to eliminate capital gains taxes on US-issued cryptos.
- The foundation argues that ignoring coins backed by non-US-based companies would result in choosing network winners based on policy and preference, potentially leading to crony capitalism.
- Elimination of capital gains taxes could benefit Cardano (ADA), Solana (SOL), and Constellation (DAG) as investors may be driven towards these assets.
- The policy is aimed at pushing investors from traditional markets to crypto and could trigger a massive capital flow into tax-free crypto projects in the US.
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Crypto-News-Flash
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Solana ATH in Sight? 2 Key Catalysts Driving SOL Momentum
- Solana (SOL) is on the verge of setting another all-time high as its price hovers above the Super Trend line.
- Analysts predict that a decline from the current price could send SOL to $231 and subsequently to $213.
- SOL shows dominance of bulls as indicated by the Super Trend line turning green and moving below the price.
- Solana's bullish outlook is supported by the price currently falling above the Ichimoku Cloud as a potential support level.
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TheNewsCrypto
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Solana’s DEX Volume Hits $100B as DeFi Growth Soars
- Solana’s decentralized exchange (DEX) volume exceeded $100 billion in November, doubling Ethereum's volume.
- Solana's scalability and low transaction fees fueled over $5 billion in daily trading volume.
- Solana processed 53 million daily transactions, outpacing other blockchains.
- Token platforms like Pump.fun and Raydium contributed to Solana's momentum, generating record monthly fees.
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TheNewsCrypto
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Phishing Heist on Solana Nets $3M in PYTH Tokens
- $2.9M in $PYTH stolen via zero-transfer phishing on Solana.
- Scammers swapped stolen $PYTH for $SOL, consolidating stolen funds.
- Phishing attack exploited user trust on Solana blockchain.
- Multiple incidents of phishing scams on Solana highlight security risks.
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Crypto-News-Flash
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Solana ETF Approval Likely by Next Year, Says Nate Geraci
- Nate Geraci believes the Solana ETF could gain SEC approval by the end of next year, signaling regulatory progress.
- Bitwise is preparing a Solana ETF to reflect Solana’s performance, showcasing its growing institutional appeal.
- The regulatory environment surrounding crypto might change with the approaching U.S. presidential election, affecting the SEC’s position on blockchain assets.
- Solana's success in the crypto market continues to draw attention, with its stable performance despite minor daily fluctuations.
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Crypto-News-Flash
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Crypto Market Cools: XRP and DOGE Lead Declines After BTC Dips Below $100K
- The crypto market experienced a slight pullback on Sunday, causing a 2.4% decline in total market capitalization.
- Bitcoin (BTC) dropped to $95,500 from its almost $100,000 price point.
- Crypto-tracked futures witnessed a massive liquidation of $500 million in both longs and shorts.
- Analysts warn that any negative news could intensify the struggle to break above the $100,000 level for Bitcoin.
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TechBullion
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The Crypto Super Cycle 2024: Tron’s Next Move And Solana’s Latest Updates, While New Altcoin Surpasses $1 Million
- Tron (TRX) has reached a multi-year high of $0.22, with steady growth in fees and stablecoin activity. It dominates stablecoin activity, with weekly USDT volume reaching $150 billion.
- Solana (SOL) has overtaken Tron in total value locked, reaching $9.11 billion. It saw significant price increase on regulatory news and is up 47.70% in the last 30 days.
- Traders are investing in viral altcoin Cutoshi (CUTO), which has secured over $1 million in investments since its launch. Cutoshi combines memecoins with DeFi utility and aims to bring more people into DeFi.
- Ethereum remains the dominant DeFi platform, with traders looking for emerging projects. Cutoshi is leveraging Ethereum's ecosystem to attract users.
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TronWeekly
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Solana Hits $264 ATH, Analysts Eye $309 Target Next
- Solana's native token, SOL, reached an all-time high of $264.50, driven by Bitcoin nearing $100,000 and meme coin excitement.
- Solana recorded over $6 billion in daily trading activity on its decentralized exchanges, capturing a significant market share.
- Analysts are optimistic about Solana's prospects, noting its low transaction fees and strong on-chain metrics.
- SOL's resistance levels are at $271.76 and $309.70, with support levels at $244.53, $226.47, and $209.91.
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Bitcoinik
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0
Image Credit: Bitcoinik
Solana ($SOL) Emerges as Top Choice for Wyoming Stable Token, Price Surges 17% in a Week
- The Solana crypto project was selected for the development of Wyoming's stablecoin project.
- The Wyoming Stable Token Project aims to create a government-backed digital asset for payment services.
- Solana emerged as the top choice among multiple crypto projects for the stablecoin development.
- Four Solana spot ETF applications are awaiting regulatory approval from the SEC.
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TheNewsCrypto
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339
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Solana (SOL)-based HIO Music ($HIO) Platform Schedules Token Launch on November 29
- HIO Music platform, based on Solana (SOL) network, schedules token launch on November 29.
- The platform has attracted more than 6 million licensed songs and aims to have over 100 million songs by 2025.
- HIO Music app is available on major platforms and offers free music streaming and uploading.
- The $HIO token will be used to reward users and content creators on the platform.
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