Despite raising $1.32B in one of Solana’s largest meme coin sales, Pump.fun’s PUMP token faces criticism for lacking utility and risking sharp volatility in a fragile altcoin market. Pump.fun recently completed its highly successful PUMP token sale, raising an estimated $1.32 billion in just days and securing one of the largest meme coin launches on…
DeFi Development Corp. is expanding its Solana treasury strategy by issuing a new metric centered around the SOL coin. Solana (SOL) is getting a boost as “MicroStrategy for Solana” unveiled new plans for accumulation. On Monday, June 14, the DeFi Development Corp. issued its first forward-looking guidance on SOL per Share. The publicly traded software…
Nasdaq-traded Click Holdings plans a $100M crypto treasury in BTC and SOL, joining a growing list of public firms adopting alternative crypto treasury strategies. Click Holdings Limited, a Hong Kong-based HR and senior care platform traded on Nasdaq in the U.S., plans to explore a crypto-based treasury strategy to modernize operations and tap into the…
Solana appears poised for a bullish breakout to $2,700 if it breaks above the neckline of a major cup and handle pattern, according to an analyst. In a July 12 post on X, pseudonymous crypto analyst Martinez, who has over 140,000 followers, identified a long-term cup-and-handle formation that has been taking shape since mid-2021. The…
Crypto.news’ latest weekly recap presents a digest of the cryptocurrency sector’s biggest stories. Last week, Bitcoin shattered records with a new all-time high, while Pump.fun lit up the charts with a $600 million token sale that sold out in minutes. Meanwhile, Tether continued its blockchain cleanup, GMX’s hacker had a change of heart, and Coinbase…
As XRP stabilizes around $2.70 and the broader crypto market catches its breath, a wave of smaller altcoins is stealing the spotlight, led by a 95.3% surge in Kyber Network Crystal (KNC). Kyber Network’s explosive rally follows the late-May launch of its crosschain platform, with CEO Victor Tran touting the team’s long-term resilience and development…
A clean break above $160 could confirm Solana’s bullish reversal, but resistance remains stiff. With trading volume up 19%, ETF momentum rekindling, institutional capital pouring in, and staking demand rising, the odds of a breakout are improving. The question is whether SOL can sustain the momentum. On July 10, Solana (SOL) surged over 4%, climbing…
BIT Mining is ditching diversification to go all-in on Solana. The firm will liquidate its current crypto portfolio and raise up to $300 million to build a SOL-heavy treasury while staking its future on one chain. On July 10, NYSE-listed crypto mining company BIT Mining announced a radical pivot from its Bitcoin (BTC)-centric roots, unveiling…
RCADE, the native token of the Arbitrum Layer 3 gaming-focused RCADE Network, experienced a sharp price drop following its listing on major cryptocurrency exchanges, including Binance Alpha and Bitget. On July 9, RCADE was officially listed on Binance Alpha, Binance’s early-access listing portal, marking the token’s TGE. It was quickly followed by spot listings on…
Solana could be on the verge of a rally to $164 soon as it looks poised to break out of a popular bullish pattern, according to an analyst. According to a July 9 post on X by analyst Ali, Solana has formed a symmetrical triangle pattern on the 4-hour chart, characterized by two converging trendlines…
