The SEC has raised serious legal questions about the proposed Solana and Ethereum ETFs by REX Shares and Osprey Funds. Solana (SOL) and Ethereum (ETH) exchange-traded funds have stumbled on a major regulatory roadblock. In a filing dated May 30, the U.S. Securities and Exchange Commission flagged legal concerns regarding the proposed REX Shares and…
After a euphoric surge that saw meme coins on the Solana blockchain skyrocket earlier this year, the hype is beginning to unravel. Solana’s native token, SOL, has dropped for four straight days—falling nearly 18% from its May highs—as meme coin valuations across its ecosystem collapse. Once riding high with a combined market cap north of…
Solana is tightening beneath a major resistance zone at $178. With bullish structure and a strong upward trend from $95, a breakout could send SOL soaring toward $241 in the near term. Solana’s (SOL) price action has been consolidating in a bullish manner underneath high time frame resistance at $178. After a strong trend that…
WCT jumped 11% following news that Jupiter stakers will be eligible for a token claim tied to WalletConnect’s Solana expansion. WalletConnect Token (WCT) jumped on Thursday as buzz spread about an upcoming airdrop tied to Solana (SOL), and some Jupiter stakers are now on the list. Following the news, the price of WCT rose 11.6%…
The SOL token supply on centralized exchanges has dropped by 27.4% to 27.01 million, approaching the token’s lowest CEX supply in October 2022. Analyst believes the drop signals a bullish market is on the horizon. According to on-chain analyst Murphy’s post on X, from early March until now, the amount of Solana (SOL) held on…
Bitcoin is hovering near $110,000 on Tuesday, and on-chain data suggests capital is rotating from the leading cryptocurrency into altcoins like XRP, Solana, and Cardano. Ethereum-rival Solana and top-five crypto XRP are now competing for dominance in both retail and institutional portfolios this cycle. Legendary trader Peter Brandt recently reignited the debate on X, asking…
MetaMask, the most popular hot crypto wallet, has added support for the Solana network, ending years of EVM exclusivity. MetaMask users are finally able to transfer to keep their Solana (SOL) assets in their wallet. On Tuesday, May 27, MetaMask officially added support for the Solana network on its web browser extension. This means that…
NATIX Network has officially launched StreetVision on the Bittensor decentralized AI network, representing a step forward in its mission to modernize mapping and autonomous driving through decentralized, real-world data processing. Powered by a Solana- (SOL) based decentralized physical infrastructure network of smart cameras, NATIX combines high-volume, street-level data collection with scalable machine learning through Bittensor…
Standard Chartered believes that Solana will likely underperform Ethereum in the coming years due to its overreliance on memecoins. Investment bank Standard Chartered sees Solana (SOL) almost doubling by the end of the year. Still, even at those levels, it will likely underperform Ethereum (ETH). On Tuesday, May 27, Geoff Kendrick, Standard Chartered’s Head of…
Solana co-founder Raj Gokal’s personal information was leaked on a series of Instagram posts uploaded on U.S. hip-hop group Migos’ Instagram page in an apparent hack. On May 27, an Instagram account belonging to American rap trio, Migos, was reportedly compromised by hackers who gained access to Gokal’s personal information and used it to dox…
