Streetbeat News

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 are trading lower ahead of a significant crypto options expiry, with $2.9 billion in options set to expire. Bitcoin, Ethereum, and Dogecoin are among the cryptocurrencies experiencing declines. Notable statistics include a rise in large transaction volumes and daily active addresses, but a significant narrowing in exchange netflows. Additionally, a large number of traders were liquidated in the past 24 hours, with Bitcoin liquidations reaching the highest levels since July 25.

Portfolio Pulse from Khyathi Dalal

August 01, 2024 | 8:24 pm

Bitcoin's sideways price action has traders uncertain about the arrival of an 'altcoin season.' Influencers and industry experts have mixed views on the future of altcoins, with some suggesting a buying opportunity and others predicting further declines. Ethereum ETFs and Bitcoin dominance are key factors to watch.

Portfolio Pulse from Khyathi Dalal

August 01, 2024 | 2:48 pm

Cryptocurrency markets are trading sideways after the Fed left interest rates unchanged. Bitcoin is hovering around $65,516, with a potential support level at $64,000 if it drops further. Ethereum whales have accumulated significant amounts of ETH, and Bitcoin has seen substantial on-chain movement. Notable developments include new crypto regulations in the Bahamas, SEC charges against BitClout's founder, and Tether's record profit. Market sentiment is bullish towards Bitcoin, suggesting a potential bull run.

Portfolio Pulse from Khyathi Dalal

July 31, 2024 | 8:03 pm

A report by Flip Research claims that up to 93% of Solana's trading activity is non-organic, driven by wash trading, rug pulls, and exploitative MEV practices. The report suggests that Solana's metrics are inflated and that the ecosystem may be unsustainable in the long term.

Portfolio Pulse from Murtuza Merchant

July 31, 2024 | 2:46 pm

Cryptocurrency markets are down, with Bitcoin, Ethereum, and Dogecoin experiencing declines. Grayscale is introducing a new Bitcoin ETF. Despite the downturn, analysts suggest Bitcoin is on track for a September breakout. Notable developments include Russia greenlighting crypto for cross-border payments and the SEC amending its complaint against Binance.

Portfolio Pulse from Khyathi Dalal

July 30, 2024 | 8:13 pm

Solana (SOL) has decreased by 3.67% in the past 24 hours to $180.75, despite a 1.0% uptrend over the past week. Trading volume has decreased by 1.0%, and the circulating supply has increased by 0.18%. Solana's market cap is ranked #4 at $84.06 billion.

Portfolio Pulse from Benzinga Insights

July 30, 2024 | 3:01 pm

The announcement of a new Shiba Inu puppy, Neiro, by the owner of the original Dogecoin meme coin dog, Kabosu, has led to a surge in Neiro-themed token creation on the Solana blockchain. This has resulted in significant trading activity and market capitalization for some tokens, pushing Solana's transaction volume above Ethereum's. Kabosu's owner has distanced herself from these tokens, warning of potential scams.

Portfolio Pulse from Murtuza Merchant

July 30, 2024 | 2:49 pm

Cryptocurrency markets are experiencing choppy price action ahead of the FOMC meeting on Wednesday. Bitcoin and Dogecoin have erased earlier gains, while Ethereum is holding on. Notable developments include the U.S. government moving $2 billion worth of Bitcoin and the U.S. Marshall Service sending Bitcoin to Coinbase for custodianship. Crypto-related stocks like Coinbase and Marathon Digital surged following pro-Bitcoin comments from Donald Trump.

Portfolio Pulse from Khyathi Dalal

July 29, 2024 | 8:26 pm

Mumu The Bull (CRYPTO: MUMU), a meme coin on Solana (CRYPTO: SOL), has surged over 120% in a week due to exchange listings and rising volume. Crypto traders are optimistic about its future, predicting it could surpass Shiba Inu's (CRYPTO: SHIB) all-time high. MUMU is currently valued at $232.6 million and will soon be listed on BingX for spot trading.

Portfolio Pulse from Khyathi Dalal

July 29, 2024 | 7:14 pm

The developer of the Solana-based meme coin Neiro has turned 3 SOL into $2.85 million, raising suspicions of a 'rug pull' scheme. This controversy comes amidst a broader resurgence in the meme coin market, with some coins like Dogwifhat seeing significant gains. However, the sector is also facing scrutiny due to allegations of insider trading and celebrity-backed coins failing to perform.

Portfolio Pulse from Murtuza Merchant

July 29, 2024 | 4:27 pm

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