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SOLUSD

Solana / US Dollar

Industry

Digital Currency

Solana is a public, open-source blockchain that supports smart contracts, including non-fungible tokens (NFTs) and a variety of decentralized applications (dApps). Native to Solana's blockchain is the SOL token which provides network security through staking as well as a means of transferring value.

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Cryptocurrency markets, including Bitcoin, Ethereum, and Dogecoin, ended the week lower despite strong ETF inflows. Notable statistics show a decrease in large transaction volumes and a significant number of trader liquidations. Analysts remain optimistic about Bitcoin's future, predicting potential price increases post-election.

Portfolio Pulse from Khyathi Dalal

November 01, 2024 | 7:57 pm

21Shares has filed for a spot XRP ETF with the SEC, aiming to list it on the Cboe BZX Exchange. This move is part of a broader trend of investment firms seeking to expand access to cryptocurrency through ETFs, despite ongoing legal challenges involving Ripple and the SEC.

Portfolio Pulse from Khyathi Dalal

November 01, 2024 | 7:16 pm

Solana's ecosystem experienced significant growth in Q3, with $173 million in new funding and increased institutional interest from major players like Visa, PayPal, and Franklin Templeton. The network's advancements in infrastructure and DeFi solutions have positioned it as a strong competitor in the blockchain space.

Portfolio Pulse from Murtuza Merchant

November 01, 2024 | 5:19 pm

Coinbase Global (NASDAQ:COIN) reported Q3 earnings with revenue and EPS missing estimates. Revenue was $1.21 billion, below the $1.26 billion expected. EPS was 28 cents, missing the 42 cents estimate. Transaction revenue fell 27% from Q2. The stock fell 3.66% in after-hours trading.

Portfolio Pulse from Chris Katje

October 30, 2024 | 8:40 pm

Analyst Lazy Villager suggests Bitcoin's recent price surge is linked to its role as a hedge against a Trump re-election, rather than direct election outcomes. Despite strong inflows into Bitcoin ETFs, growth may be limited due to lack of re-hypothecation, high confidence in rate cuts, and absence of government stimuli.

Portfolio Pulse from Khyathi Dalal

October 30, 2024 | 1:09 pm

Cryptocurrency markets are surging, with Bitcoin nearing its all-time high amid positive economic factors and geopolitical stability. Notable developments include rising shares of MicroStrategy and Coinbase, and significant inflows into Grayscale's Bitcoin and Ethereum funds.

Portfolio Pulse from Khyathi Dalal

October 29, 2024 | 7:43 pm

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