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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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Keith Gill, known as 'Roaring Kitty,' posted on social media, causing a significant surge in GameStop-themed cryptocurrency GME and other 'Kitty'-themed coins. GameStop Corp. (NYSE:GME) shares traded slightly lower in after-hours trading.

Portfolio Pulse from Aniket Verma

June 03, 2024 | 2:59 am

Cryptocurrency markets experienced sideways trading with Bitcoin, Ethereum, and Dogecoin showing minimal price changes. Liquidations decreased by 15% and trading volume was down by 5%. Analysts predict continued sideways movement for Bitcoin, while Ethereum could see significant gains by year-end. Coinbase's trading revenue is under pressure due to crypto market maturity.

Portfolio Pulse from Ivan Crnogatić

May 31, 2024 | 8:34 pm

Solana (SOL) has experienced a 3.1% price decrease over the past 24 hours, continuing a downward trend of -2.0% over the past week. Trading volume has decreased by 46.0%, while circulating supply has increased by 2.15%. SOL's market cap is currently ranked #5 at $75.99 billion.

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 7:01 pm

The 're-staking' trend in the cryptocurrency market has attracted over $18 billion in assets, driven by investors seeking higher returns. Seattle-based EigenLayer has been a key player, with its platform's assets surging from $400 million to $18.8 billion in six months. Despite the potential risks, the practice continues to gain popularity amid broader optimism in the crypto market.

Portfolio Pulse from Benzinga Neuro

May 31, 2024 | 12:28 pm

Ripple CEO Brad Garlinghouse predicts the emergence of ETFs for XRP, Solana, and Cardano, following the approval of Bitcoin and Ethereum spot ETFs. He highlights regulatory challenges and criticizes the SEC's lack of clarity. Ripple's ongoing legal battle with the SEC could impact the approval process for an XRP ETF.

Portfolio Pulse from Benzinga Neuro

May 31, 2024 | 5:57 am

Cryptocurrency markets traded mostly sideways on Thursday, with Bitcoin showing slight gains while Ethereum and Dogecoin disappointed. Notable developments include Elon Musk advising Donald Trump on crypto policy and IBIT overtaking GBTC as the biggest Bitcoin ETF. Technical analysts highlight key resistance and support levels for Bitcoin.

Portfolio Pulse from Ivan Crnogatić

May 30, 2024 | 10:01 pm

The U.S. Treasury Department has raised concerns about the vulnerability of NFTs to fraud and scams, calling for tighter regulations. The report highlights issues such as inadequate cybersecurity, money laundering risks, and fluctuating prices. GameStop and Impact Theory have faced regulatory actions related to NFTs.

Portfolio Pulse from Aniket Verma

May 30, 2024 | 6:08 am

Cathie Wood of ARK Invest believes the approval of Ethereum ETFs is linked to U.S. politics and sees potential for a Solana ETF. She attributes the approval to the growing importance of cryptocurrency in U.S. elections and mentions former President Donald Trump's increasing comfort with crypto. Wood remains bullish on Bitcoin and highlights significant inflows into the ARK 21Shares Bitcoin ETF.

Portfolio Pulse from Aniket Verma

May 30, 2024 | 4:13 am

Cryptocurrency markets experienced a downward trend on Wednesday, with Bitcoin, Ethereum, and Solana seeing declines, while Shiba Inu outperformed with a 3.8% gain. Notable developments include PayPal launching a stablecoin on Solana and discussions around Ethereum ETFs. Historical data suggests Bitcoin prices rally post-election.

Portfolio Pulse from Ivan Crnogatić

May 29, 2024 | 8:36 pm

BRETT, a meme coin inspired by the 'Boys Club' comic series, aims to become the leading meme coin on the Base blockchain. Crash, a representative of the BRETT community, expressed high expectations for its market performance, drawing parallels to the success of Shiba Inu and WIF on their respective blockchains. The decentralized nature of BRETT and its strong community support are highlighted as key factors for its potential growth.

Portfolio Pulse from Murtuza Merchant

May 29, 2024 | 7:20 pm

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