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 experienced a 6.22% price drop within the last 24 hours, contrasting with its 7.0% gain over the past week. Trading volume has increased by 21.0%, and the circulating supply has risen by 0.39%, bringing the total to 449.28 million. Solana's market cap is currently ranked #5 at $77.02 billion.

Portfolio Pulse from Benzinga Insights

May 23, 2024 | 3:00 pm

The financial markets are anticipating the approval of the Ethereum (ETH) ETF, sparking discussions about potential future crypto ETFs for Solana (SOL) and Dogecoin (DOGE). Regulatory hurdles and market sentiment suggest a challenging path for a SOL ETF, while political pressure may favor a DOGE ETF. The upcoming Benzinga Future of Digital Assets event will provide insights into these developments.

Portfolio Pulse from Murtuza Merchant

May 23, 2024 | 1:41 pm

Former President Donald Trump is now accepting cryptocurrency for official campaign donations, a move that has garnered mixed reactions from experts in the crypto industry. While some see this as a strategic play to attract crypto enthusiasts, others remain skeptical about Trump’s genuine commitment to the sector. The campaign will accept various cryptocurrencies including Bitcoin, Ethereum, Solana, Tether, Ripple, Dogecoin, Cardano, Shiba Inu, and Avalanche.

Portfolio Pulse from Murtuza Merchant

May 22, 2024 | 4:34 pm

Pepe and Floki lead a memecoin rally with double-digit gains, surpassing Dogecoin and Shiba Inu in trading volumes. Pepe hit a fresh all-time high and became the 21st largest cryptocurrency by market cap. Both coins saw significant large transaction volumes and increased daily active addresses, although a market correction is anticipated.

Portfolio Pulse from Aniket Verma

May 22, 2024 | 2:33 am

Former President Donald Trump is now accepting cryptocurrency donations for his presidential campaign, making it the first major party campaign to do so. The campaign will accept various cryptocurrencies through Coinbase Commerce, including Bitcoin, Ethereum, and Dogecoin. This move aims to attract the crypto community, contrasting with the anti-crypto stance of President Joe Biden and other Democratic leaders.

Portfolio Pulse from Chris Katje

May 21, 2024 | 9:11 pm

Cryptocurrency markets remain buoyant with Ethereum futures peaking at an all-time high of $15.1 billion, driven by speculation of an imminent spot Ethereum ETF approval. Bitcoin retraces slightly, while Ethereum and Dogecoin continue their rallies.

Portfolio Pulse from Khyathi Dalal

May 21, 2024 | 8:15 pm

Bitcoin spot ETFs saw a significant net inflow of $241 million on Monday, driving Bitcoin prices above $70,000. Leading the inflows were Ark Invest and 21Shares’ ETF (ARKB), BlackRock’s iShares Bitcoin Trust (IBIT), Fidelity Wise Origin Bitcoin Fund (FBTC), Bitwise’s Bitcoin ETF (BITB), and Grayscale Bitcoin Trust (GBTC). The inflows reflect growing investor confidence and favorable market conditions.

Portfolio Pulse from Murtuza Merchant

May 21, 2024 | 11:25 am

Memecoins like Pepe and Bonk outperformed major cryptocurrencies such as Bitcoin and Ethereum amid a market rally driven by expectations of an Ethereum spot ETF approval by the SEC. Pepe and Bonk saw significant price increases and trading volumes, surpassing larger market cap coins like Dogecoin and Shiba Inu.

Portfolio Pulse from Aniket Verma

May 21, 2024 | 3:05 am

Bitcoin surged past $70,000 and Ethereum jumped 12% following news that the odds of spot Ethereum ETF approval have increased to 75%. This development, along with strong inflows into Bitcoin ETFs and a drop in Bitcoin exchange reserves, has led to a bullish sentiment in the cryptocurrency market.

Portfolio Pulse from Khyathi Dalal

May 20, 2024 | 8:13 pm

Vitalik Buterin, co-founder of Ethereum, praised the platform's culture of free speech, but faced backlash from social media users who claimed they experienced censorship. The discussion highlights the importance of open discourse in the blockchain industry.

Portfolio Pulse from Aniket Verma

May 20, 2024 | 2:46 am

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