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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Solana (SOL) has risen by 4.11% in the past 24 hours to $172.88, continuing its positive trend with a 2.0% gain over the past week. Despite a 10% drop in trading volume, its market cap stands at $79.56 billion, ranking #5.

Portfolio Pulse from Benzinga Insights

June 05, 2024 | 3:00 pm

Jeo Boden, a meme coin parodying President Joe Biden, surged over 40% after being listed on Kraken. TREMP, a meme coin parodying former President Donald Trump, also saw a 25% increase. Both tokens are gaining traction on Solana.

Portfolio Pulse from Murtuza Merchant

June 05, 2024 | 12:06 pm

Bitcoin spot ETFs recorded a net inflow of $887 million on June 4, marking the second-highest single-day net inflow in history. Grayscale, Fidelity, and BlackRock led the charge with significant inflows into their Bitcoin investment products. Year-to-date inflows have surpassed $15 billion, indicating a bullish market. Ethereum also saw positive inflows following the SEC approval of a spot-based Ethereum ETF.

Portfolio Pulse from Murtuza Merchant

June 05, 2024 | 10:27 am

Bitcoin surged past $70,000 amid rising institutional capital inflows, with notable increases in large transaction volumes and daily active addresses. Ethereum and Dogecoin also saw gains. Analysts predict further growth for Bitcoin, with some expecting it to reach $100,000 by the end of 2024.

Portfolio Pulse from Khyathi Dalal

June 04, 2024 | 8:10 pm

A new wallet spent $2 million to acquire 135 million GME meme coins, making it the fourth-largest holder. This significant purchase has driven GME's price up by 32.4% in the past 24 hours and 158.3% over the week. The transaction was funded from Coinbase and is associated with two domains. The SEC is also investigating potential manipulation around GME options activity.

Portfolio Pulse from Khyathi Dalal

June 04, 2024 | 7:19 pm

Bitcoin prices are nearing record highs, driven by BlackRock's Bitcoin spot ETF achieving record-breaking inflows. Other major cryptocurrencies like Ethereum, Binance Coin, and Solana also saw gains. The rapid growth of Bitcoin ETFs, including new approvals in Thailand and Australia, is fueling adoption. Upcoming Nonfarm Payroll data could further impact Bitcoin prices.

Portfolio Pulse from Murtuza Merchant

June 04, 2024 | 6:07 pm

CryptoCred, a pseudonymous cryptocurrency trader, provided an in-depth analysis of Bitcoin, Ethereum, and Solana, emphasizing key levels and market dynamics. He highlighted Bitcoin's positive monthly close and the importance of the $66,000 range midpoint on the daily time frame. For Ethereum, he pointed out critical levels at $3928 and $3600. For Solana, he identified $170 as a key technical level but expressed less confidence in support levels below $170.

Portfolio Pulse from Khyathi Dalal

June 04, 2024 | 3:54 pm

Iggy Azalea's MOTHER meme coin, launched on the Solana blockchain, faced insider trading accusations but has since rebounded dramatically. Azalea addressed the controversy by hiring a development team, implementing a token burn system, and engaging with the crypto community. The price of MOTHER surged by 1,875%, reaching a market cap of $91.34 million.

Portfolio Pulse from Murtuza Merchant

June 04, 2024 | 11:52 am

The launch of a spot Ethereum ETF has analysts divided on its impact on altcoins, meme coins, and Layer-1 blockchains. Established altcoins like Cardano and Polkadot could see price increases, while meme coins like Dogecoin and Shiba Inu might experience short-term spikes. Ethereum's rivalry with Solana continues, with the ETF potentially boosting ETH prices. Layer-1 blockchains like Avalanche and Cardano may benefit from a broader market surge.

Portfolio Pulse from Murtuza Merchant

June 04, 2024 | 10:15 am

Cryptocurrency markets have started the week in green, with notable gains in Bitcoin, Solana, and Dogecoin. Ethereum spot ETFs are anticipated to impact the market. Bitcoin's short liquidations peaked, and Wisconsin revealed owning Bitcoin through BlackRock and Grayscale ETFs.

Portfolio Pulse from Khyathi Dalal

June 03, 2024 | 8:20 pm

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