Asset manager VanEck remains committed to launching a Solana exchange-traded fund (ETF) despite recent developments that have sparked speculation about the project’s future. The uncertainty started after Cboe Global Markets’ regulatory filing proposing to list the fund was removed from its website. Cboe Filing Removal Matthew Sigel, VanEck’s head of digital assets research, addressed concerns…
Solana trades at $146, marking a brief spike of 2.67% over the last 24 hours. VanEck remains optimistic about its Solana ETF plans despite a regulatory filing setback. Solana (SOL), the fifth-largest altcoin by market cap, has extended its minimal gains. After a 2.67% spike in the last 24 hours, SOL hit the $148 mark….
DeFi protocol Drift has launched a prediction market called BET on the Solana blockchain, according to an Aug. 19 statement. Drift Protocol co-founder Cindy Leow likened BET’s prediction market to perpetual trading. She explained that, just as perpetual traders bet on potential price changes in crypto, prediction markets allow for financial stakes in the outcomes…
In what is certainly a concerning development for the crypto market, Solana ETF filings have reportedly been removed from the Chicago Board Options Exchange (CBOE) website. That has led many to worry that the applications may be facing a delay from the US Securities and Exchange Commission (SEC). Or, even worse, a denial altogether. Solana…
As the market turned bearish, meme coins on Solana – once notorious for their explosive popularity – are now seeing a decline. This appears to have adversely affected Solana-based investment products which experienced record outflows of $39 million over the past week due to a sharp drop in meme coin trading volumes. According to the…
The cryptocurrency world, including Bitcoin, is known for its dynamic nature. It rarely waits for anyone and constantly distributes returns to those aware of its intricate work mechanisms. To ace the cryptocurrency world, an investor must possess keen knowledge and ideas about certain trending coins that may note a stellar price hike soon. Here are…
Crypto investment products experienced a lukewarm performance last week, with modest inflows of $30 million, according to CoinShares weekly report. The weekly trading volume for these products also plummeted nearly 50% from the previous week, dropping to $7.6 billion. James Butterfill, CoinShares‘ head of research, explained that these numbers were the market’s reaction to recent…
Ethereum and Solana are being closely watched in the cryptocurrency market as 2024 approaches. Trading mentor Thomas Kralow shares his insights on ETH and SOL. He’s covering both market volatility and security risks. This analysis explores DeFi and NFTs, providing a detailed outlook for these digital assets. So read on to find out more! Also…
As the market shows signs of recovery, investor confidence in Polkadot (DOT) and Solana (SOL) remains shaky. While Polkadot is making a quiet recovery, hinting at potential bullish momentum, Solana faces ongoing concerns over centralization, causing skepticism among its supporters. With the broader market focused on recovery, BlockDAG has become a magnet for traders moving…
The CBOE website no longer has the Solana ETF filings. If the SOL price breaks above $150 level, then it will likely test $163. Despite a recent low of $137, the price of Solana (SOL) is showing substantial momentum. as the price is seeing a remarkable comeback. By ignoring the retail sector entirely, Solana is…
While the 1-day chart of Solana displayed a predominantly bearish trend, the shorter timeframes indicated a notable presence of bullish momentum. On the price charts, Solana exhibited contrasting biases between the 1-day and 4-hour timeframes, with the advantage leaning towards the bulls in the shorter timeframes. This favorable situation could potentially drive SOL’s rally towards…