SOL

The Brazilian Securities and Exchange Commission (CVM) approves the world’s first Solana spot ETF

August 8, 2024 1 min read

The Solana spot ETF, which is the inaugural ETF of its kind authorized in Brazil, is an investment vehicle provided by QR, a key participant in the financial industry, and overseen by Vortx. This exchange-traded fund (ETF) offers investors a distinct chance to acquire exposure to Solana’s digital assets using a regulated and conveniently accessible financial instrument. The ETF’s reference price is determined by the CME CF Solana Dollar Reference

Solana drops by over 20% to trade near $110 before bouncing back to around $129

August 5, 2024 1 min read

In the last 24 hours, crypto traders have experienced a loss of more than $1 billion in their trading positions, as Solana’s value has dropped by over 20% before bouncing back to around $129. The decrease in value is ascribed to investor apprehensions regarding a potential economic downturn in the United States, the monetary policies of the Federal Reserve, and geopolitical conflicts. Amidst a decline in crypto prices on Monday,

The SEC revises its lawsuit against Binance, removes Solana, Cardano, and Filecoin from its list

July 30, 2024 1 min read

The US SEC has put off deciding on whether Solana, Cardano, and Filecoin are stocks. The SEC has changed its case against Binance so that these cryptocurrencies are no longer on its list of assets considered securities. The Solana community is hopeful about this change, even though the coin’s price has been decreasing lately. The SEC said that Binance had broken several federal securities rules and that some of the

A crypto trader makes over 880% return on investment (ROI)

July 29, 2024 1 min read

Meme coins, like Pepe (PEPE), have the potential to undergo substantial price surges within a short timeframe, providing advantageous opportunities for astute traders who strategically enter the market. Lookonchain, a cryptocurrency analytics tool, has uncovered a situation where a trader acquired 170.2 billion PEPE coins in October of the previous year and subsequently sold them for 1.97 million USDC on July 25th. The return on investment (ROI) is remarkable, standing

Over $4 million in short positions liquidated as Solana’s (SOL) price rose to above $187

July 27, 2024 1 min read

In the last 24 hours, the cryptocurrency market has experienced liquidations totaling more than $63 million, with around $45 million coming from short positions. The price of Solana (SOL) rose above $187, resulting in the liquidation of around $4 million worth of negative positions. Poodlana experienced a significant increase in presale value, surpassing $3 million, primarily driven by investor demand in Asia. Although there was a substantial decrease of 67%

Solana’s price surges by over 8%, from $165 to a high of $180

July 27, 2024 1 min read

Solana (SOL) has garnered significant interest in the international crypto market as a result of the substantial increase in Bitcoin’s value and the news of the Ethereum Exchange-Traded Fund (ETF). Franklin Templeton, a well-known investment management company, is contemplating the submission of a Solana Exchange-Traded Fund (ETF), in line with the actions taken by VanEck and 21Shares. The price of Solana has surged by more than 8.48% in the last

A crypto analyst predicts Solana will surge above $1,000 soon

July 26, 2024 1 min read

Ali Martinez, a crypto expert, foresees a substantial surge in the value of Solana (SOL), relying on past price trends and technical patterns. Martinez believes that SOL has the potential to surpass $1,000 in value. This belief is based on the observed resemblances between the recent movement of this altcoin and the pattern witnessed in 2021, which resulted in a remarkable spike. In 2021, the value of SOL underwent a

Ethereum (ETH) price falls by over 7%, while the overall crypto market was down nearly 4%

July 25, 2024 1 min read

Ethereum (ETH) declined by over 7% throughout the last 24 hours, while the entire cryptocurrency market decreased by over 4%. This drop is attributed to investors evaluating the consequences of Mt. Gox’s recent transactions and broader economic events. At the time of writing, the value of Ether was around $3,185, reflecting a decrease of 7.9% in the past 24 hours. At the time of writing, the value of Bitcoin had

Solana surpasses Ethereum and BNB Chain in DEX volume

July 23, 2024 1 min read

Solana has surpassed Ethereum and BNB Chain in decentralized exchange (DEX) volume, representing over 37% of total DEX traffic. This surge in value is attributed to growing confidence in the Solana network, as its total value locked (TVL) has surpassed levels seen before the 2022 bearish market. Factors contributing to this increase include the rise in trading of meme coins on Solana’s decentralized applications, the efficacy of apps built on

VanEck’s Matthew Siegel believes an Ethereum spot ETF approval will pave the way for a Solana ETF

June 28, 2024 1 min read

VanEck’s head of research, Matthew Siegel, believes that the approval of an Ethereum spot ETF will lead to a Solana ETF. VanEck filed for the first Solana (SOL) ETF in the US, sparking renewed interest in the Solana versus Ethereum debate. Siegel suggests that similar surveillance sharing agreements for Solana, as seen with Bitcoin and Ethereum spot ETFs, could help get a SOL ETF approved. He also points out that

3iQ Digital Asset Management is set to launch North America’s first Solana ETP

June 21, 2024 1 min read

3iQ Digital Asset Management has submitted an initial prospectus for The Solana Fund (QSOL) to Canadian securities authorities, with the exception of Quebec. If authorized, QSOL will become the inaugural exchange-traded product (ETP) for Solana (SOL) in North America. It will be listed on the Toronto Stock Exchange (TSX) with the ticker symbol “QSOL.” This action is a noteworthy achievement for 3iQ, renowned for introducing the initial openly traded Bitcoin

Solana Whales Move Over $500 Million Worth Of SOL In Several Transactions

June 17, 2024 2 mins read

In the past 24 hours, there have been six significant transactions by Solana (SOL) whales, even though the crypto market is pessimistic and the price of Solana has decreased. The initial transaction encompassed the transfer of more than 1.5 million SOL tokens, equivalent to $216 million, to an unidentified wallet. This was succeeded by the transfer of 1.13 million SOL tokens, amounting to $163 million, to four distinct wallets. The