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Solana News
Livebitcoinnews
5d
119
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DeFi Development Corp. Jumps 16% After $2.7M Solana Purchase
- DeFi Development Corp. stock jumps 16% following a $2.7 million purchase of Solana (SOL).
- The company plans a $112.5 million funding round, boosting investor confidence.
- DeFi holds about 640,585 SOL, valued at approximately $98 million, including staking rewards.
- The company's strategy involves blending traditional business with digital assets, focusing on Solana for long-term gains.
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TronWeekly
5d
193
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Crypto Token Unlocks July Schedule: Over $3 Billion Set to Hit the Market
- Over $3 billion in crypto tokens are set to be unlocked for trading this July, with the largest wave expected in the week of July 7 to July 13.
- Four major projects make up over 59% of the total value set to unlock this month, including tokens from Aptos, IO, Peaq, and AGI.
- There is a potential risk of price drops if the market struggles to absorb the new token supply, as concentrated token unlocks may lead to sudden price changes.
- Market analysts caution that the increased token circulation may put downward pressure on prices, emphasizing the importance of monitoring supply absorption, trading volumes, and price action.
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Crypto-News-Flash
5d
294
Image Credit: Crypto-News-Flash
Spot Solana Staking ETF Scores Big on Day 1, Overshadows XRP Futures ETF
- Solana's staking-enabled ETF launch (SSK) on Cboe signals growing institutional demand and regulatory momentum, overshadowing XRP futures ETF.
- SSK ETF by REX-Osprey made history as the first U.S. staking-enabled crypto ETF, surpassing day-one figures of Solana and XRP futures ETFs in volume and inflows.
- The performance of SSK ETF positions it as a standout compared to XRP Futures ETF, indicating a shift in investor interest towards Solana-based financial products.
- The success of SSK ETF hints at the future of Solana-focused investment products and analysts are optimistic about Solana's dominance over XRP with a high probability of regulatory approval in 2025.
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Crypto-News-Flash
5d
287
Image Credit: Crypto-News-Flash
Why Chainlink’s CCIP Launch on Solana Is a Turning Point for Web3 Development
- Chainlink's Cross-Chain Interoperability Protocol (CCIP) is now live on Solana, offering secure and seamless cross-chain connections.
- CCIP deployment on Solana allows DeFi communities to extend their reach into Solana, providing new opportunities for users and developers.
- The integration of CCIP on Solana supercharges smart contracts by enabling powerful cross-chain messaging and programmable token transfers.
- This advancement unlocks new use cases, liquidity flows, and native asset movements across different blockchains, making Web3 development more interconnected and efficient.
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Bitcoinsensus
5d
250
Image Credit: Bitcoinsensus
MOODENG Soars 45% on Upbit Listing—Can the Hippo Run Last?
- Moo Deng, a Solana-based memecoin inspired by a Thai pygmy hippopotamus, surged 45.40% in value in just one hour, followed by an 11.36% increase on June 3rd with a market capitalization spike of $57 billion.
- The surge was triggered by Moo Deng's listing on South Korea’s Upbit exchange, introducing the token to one of Asia’s most active crypto markets and increasing liquidity with KRW, BTC, and USDT trading pairs.
- The cryptocurrency community anticipates a price increase until July 10, to coincide with Moodeng, the hippo's, first birthday, despite the coin's high volatility and speculative nature.
- Technical analysis suggests a moderately bullish sentiment with indicators like RSI leaning bullish and MACD reinforcing cautious optimism, while volatility remains a factor in Moo Deng's price trajectory.
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Coin Telegraph
5d
4.2k
Image Credit: Coin Telegraph
Here’s what happened in crypto today
- US Senator Cynthia Lummis submitted a draft bill to overhaul crypto taxation, proposing exemptions for certain digital asset transactions and capital gains.
- Over 40 fake Firefox extensions mimicking popular wallets are part of an ongoing campaign to steal cryptocurrency by phishing users' wallet credentials.
- Ripple is seeking a national bank charter in the US, joining other crypto firms in efforts to attain regulatory legitimacy.
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TronWeekly
5d
189
Image Credit: TronWeekly
Solana Boosts Decentralization With Three Validator Clients and 74% Voting Turnout
- Solana network continues to perform exceptionally well, handling 200 million transactions daily with no major outages.
- Validator rewards on Solana amount to $800 million quarterly, with an annual return of 7.5%.
- Solana has surpassed 3,200 monthly active developers and introduced a new validator client, enhancing security and decentralization.
- Validators on Solana saw a significant increase in engagement, with 74% staked SOL participating in a recent proposal vote, showcasing strong decentralization.
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Bitcoinist
6d
98
Image Credit: Bitcoinist
Is An XRP ETF Next After The Solana ETF Launch? Experts Answer
- Bloomberg analysts are suggesting that an XRP ETF could be the next to launch following the recent Solana ETF launch in the US.
- REX-Osprey launched a Solana staking ETF on July 2, making SOL the third crypto asset to have a spot ETF in the US.
- Experts predict that a spot XRP ETF is likely to be approved by the SEC after the recent approval of the Grayscale Digital Large Cap Fund.
- Traders are anticipating an XRP ETF approval before a Litecoin ETF, with data showing higher approval odds for XRP compared to other altcoin ETFs by year-end.
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Bitcoinist
6d
375
Image Credit: Bitcoinist
First Solana ETF Goes Live, Hinting At A Potential Boom For Altcoin Funds
- The first Solana ETF, REX-Osprey SOL and Staking ETF, has been launched on the Cboe BZX stock exchange in Chicago, offering investors exposure to Solana and a 7.3% monthly dividend.
- The debut of the Solana ETF led to a 2% surge in SOL's price to around $152 and attracted approximately $20 million in inflows, indicating growing interest in cryptocurrency investment vehicles.
- The introduction of cryptocurrency ETFs, including Bitcoin and Ethereum ETFs last year, has paved the way for broader acceptance of the crypto market, with Solana ETF being the latest addition, enabling easier access for retail and institutional investors.
- With an increase in ETF approvals expected under a more favorable regulatory environment and analysts predicting a 95% chance of single-asset spot crypto ETF approval by the end of 2025, the integration of cryptocurrencies into mainstream finance is set to undergo a transformative period.
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22 Likes
Bitcoinist
7d
378
Image Credit: Bitcoinist
Spot XRP, Solana And Cardano ETFs Are ‘Up Next’, Says Expert–But When?
- The United States Securities and Exchange Commission has approved Grayscale Investments' Digital Large Cap Fund to become a spot exchange-traded fund, making it the largest multi-token digital-asset ETF in the U.S.
- Market expert Nate Geraci predicts that individual spot XRP, Solana, and Cardano ETFs could be next in line following the recent approval.
- The SEC is reportedly working on a plan to allow exchanges to list token-based ETFs without the traditional Rule 19b-4 filing, potentially streamlining the process for new products.
- Bloomberg analysts foresee a high probability (95%) for approval of XRP, Solana, and Cardano ETFs, highlighting the growing momentum and interest in single-asset cryptocurrency ETFs.
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Medium
7d
328
Zama and Fully Homomorphic Encryption: The Future of Confidential Smart Contracts
- Zama is a confidentiality layer leveraging Fully Homomorphic Encryption (FHE) to enhance privacy in blockchain transactions.
- Zama allows for encrypted data usage without creating new chains or requiring bridges, making it compatible with existing blockchains like Ethereum.
- Fully Homomorphic Encryption enables computing on encrypted data directly, offering features like confidential tokens, sealed-bid auctions, private DeFi, on-chain KYC, and confidential voting.
- Zama aims to combine the power of Ethereum with encrypted computation to enable private DeFi, institutional blockchain applications, and enhance privacy and security in the blockchain space.
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19 Likes
TheNewsCrypto
7d
78
Solana Price Analysis: Is a $300 SOL Rally More Likely Than a 300x Ozak AI Breakout?
- Solana (SOL) and Ozak AI (OZ) are emerging high-potential assets in the crypto space, with SOL known for its speed and low transaction fees, and OZ aiming to revolutionize decentralized data analytics.
- SOL is trading at $134 and may retest its all-time high at $294, while OZ, priced at $0.005, has the potential for a 300x breakout from its presale stage, offering different gains by 2025.
- Solana could move towards the $160–$180 range in the short term and potentially retest its all-time high if the bull market intensifies and institutional interest grows.
- Ozak AI (OZ) aims to become a leading tool in crypto analysis through its predictive AI and data analytics platform, with the potential to surge to $1 from $0.005, offering a 200x move in the coming years.
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4 Likes
99Bitcoins
7d
390
Solana ETF Rally Fades as Charts Signal Potential 20% Drop
- Solana (SOL) initially surged 5% on news of a Solana ETF but faced immediate resistance at $160, leading to a reversal back to the $144.5-$147.7 range.
- Despite the brief rally, SOL is trading near critical support and resistance levels, with potential downside targets at $124 or even $100 if the current support fails.
- The price action for SOL remains locked in a descending channel since May, with thin momentum and a reliance on Bitcoin's movement to determine its fate.
- Traders are closely monitoring the $144 support level, as a break below could trigger further downside for SOL, while a bullish scenario would require a break and close above $160.
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23 Likes
TronWeekly
7d
391
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Solana Gets $100 Million Corporate Boost as DeFi Development Bets Big on Blockchain
- DeFi Development is transitioning from real estate to crypto by planning a $100 million convertible note offering to build a corporate treasury focused on Solana (SOL).
- The SEC's rejection of the company's initial $1 billion plan led to a strategic shift towards accumulating crypto assets, leading to the current focus on SOL.
- Despite the ambitious move, DeFi Development's stock dropped over 9% after the announcement, indicating investor caution due to SOL's recent price volatility.
- The plan involves a strategic acquisition of SOL, similar to MicroStrategy's approach with Bitcoin, but tailored for the Solana ecosystem, aiming to transform Solana's perception as a corporate asset class.
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Cryptonews
7d
193
First U.S. Solana Staking ETF to Launch July 2, Pushing SOL Up 4.5%
- Rex Shares and Osprey Funds are launching the first-ever US Solana ETF that directly owns SOL and passes staking rewards on to investors.
- The ETF is structured as a C-corporation under SEC rules, providing direct exposure to Solana’s staking yield while complying with regulations.
- Several Solana-focused ETFs are in the regulatory pipeline, with expectations of approval within the next few months, potentially impacting the altcoin market.
- The launch of the Solana ETF may shed light on Ethereum's ETF performance and highlight the significance of staking rewards in attracting institutional investors.
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