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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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A new report by GSR suggests that the approval of a Solana (SOL) ETF could lead to significant price increases for SOL, with potential scenarios ranging from a 1.4x to an 8.9x price surge. The report highlights the changing regulatory environment under a Trump administration as a key factor.

Portfolio Pulse from Murtuza Merchant

June 28, 2024 | 12:23 pm

Roaring Kitty's recent social media post featuring a cartoonish dog led to a surge in cat-themed cryptocurrencies like Kitty AI and Kitty Inu. However, dog-themed cryptocurrencies like Dogecoin and Shiba Inu saw only modest gains. The post also positively impacted stocks like GameStop, Chewy, and PetMed Express.

Portfolio Pulse from Aniket Verma

June 28, 2024 | 4:48 am

Leading cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, saw gains as the market celebrated the filing of a Solana spot ETF by VanEck. Bitcoin spiked to $62,300 but settled at $61,300. Ethereum stabilized above $3,400, and Solana increased by nearly 8%. Analysts predict potential further gains for Bitcoin and Ethereum if certain conditions are met.

Portfolio Pulse from Aniket Verma

June 28, 2024 | 1:58 am

Cryptocurrency markets are rallying ahead of the Trump-Biden U.S. Presidential election debate, with a Solana spot ETF application by VanEck as a key catalyst. Bitcoin, Ethereum, and Dogecoin are among the gainers. Notable developments include BlackRock's purchase of Bitcoin for its Global Allocation Fund and Coinbase suing the SEC and FDIC. Analysts caution about potential liquidations if Bitcoin drops to $60,700.

Portfolio Pulse from Khyathi Dalal

June 27, 2024 | 8:21 pm

Wall Street saw modest gains on Thursday as traders awaited the Federal Reserve's inflation report. U.S. banks passed the Fed's 2024 stress tests, with regional banks outperforming. The semiconductor sector struggled, while gold and Bitcoin rebounded. Key stock movers included Salesforce, Goldman Sachs, Amazon, and Walgreens Boots Alliance.

Portfolio Pulse from Piero Cingari

June 27, 2024 | 5:33 pm

Solana's 9% rally was driven by VanEck's ETF application, with traders predicting further gains if risk-on sentiment returns. Analysts see bullish signals for Solana, with increased total value locked and positive chart patterns.

Portfolio Pulse from Khyathi Dalal

June 27, 2024 | 5:21 pm

VanEck has filed an S-1 registration form with the SEC for a Solana ETF, causing Solana (SOL) to rally by over 6%. This is the first attempt at a Solana ETF in the U.S., following a similar product launch in Canada. The approval of a Solana ETF in the U.S. remains uncertain and may depend on changes in the regulatory landscape.

Portfolio Pulse from Murtuza Merchant

June 27, 2024 | 3:08 pm

A Solana-based meme coin, Doraemon (DORAE), surged to a $2.4 billion market cap within 24 hours before crashing over 99% due to apparent insider trading. An individual dumped 2.5 million DORAE tokens for 10,538 Solana (SOL), causing the price to plummet.

Portfolio Pulse from Khyathi Dalal

June 27, 2024 | 11:15 am

Cryptocurrency markets are down as major governments liquidate Bitcoin holdings. Bitcoin, Ethereum, and Dogecoin see declines. Bitcoin Spot ETFs report net inflows, while Ethereum ETFs are expected to launch by July 4. Notable developments include German authorities selling seized Bitcoin and Argentinian President advocating for Bitcoin.

Portfolio Pulse from Khyathi Dalal

June 26, 2024 | 9:17 pm

Metallica's official X account was hacked to promote a Solana-based memecoin called METAL, falsely claiming collaboration with Ticketmaster and MoonPay. The token's market cap spiked to $3.37 million before crashing to $30,000. This incident follows similar scams involving 50 Cent and Hulk Hogan, highlighting a trend of cybercriminals exploiting celebrity accounts for pump-and-dump schemes.

Portfolio Pulse from Aniket Verma

June 26, 2024 | 9:11 am

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