One of the largest trading firms operating in the crypto space believes a “budding uptrend” is forming in the volatile market for digital assets. In a Twitter thread, Cumberland—the crypto unit of trading powerhouse DRW—said that the uptrend is underpinned by what it says is a weakening U.S. dollar and the adoption of cryptocurrencies by new[Read more…]
Category Archives: Solana News
07
Nov
Nov
The price of Solana and FTT might end up being the most important data points for the trajectory of the crypto market this week, according to B2C2. In a note published Monday, the market maker joined a chorus of firms raising questions in the wake of the clash between Binance’s Changpeng “CZ” Zhao and FTX’s[Read more…]
07
Nov
Nov
The price of Solana (SOL) fell 9% amid a spat between the founders of Binance and FTX crypto exchanges, Changpeng Zhao and Sam Bankman-Fried Aggregate open interest across SOL, of which $3.37 billion appear on the balance sheet of Alameda, also fell just over 13% over the last four hours, data from Coinglass show. The token’s prominence[Read more…]
07
Nov
Nov
Market chatter from on-chain researchers involved with Solana and Ethereum blockchains suggests that FTX might be benefiting from funds that have moved out of the Wormhole protocol within the last few days. Wormhole is a popular Ethereum-Solana bridge championed by Jump Crypto and Sam FTX’s Bankman-Fried. The current rumors are frothy given the high level[Read more…]
07
Nov
Nov
Sam Bankman-Fried’s (SBF) crypto empire was rattled yesterday when Binance began selling off its 23 million FTT tokens, worth more than $500 million. In a statement made shortly after the transaction, Binance chief Changpeng Zhao (CZ) said that the exchange intends to sell all of its FTT tokens in the coming months. This is in response to[Read more…]
07
Nov
Nov
Solana has faced many challenges this year, but Breakpoint’s Games Day showed that the Solana GameFi ecosystem has huge potential. Solana’s Rocky Year If last year’s Breakpoint conference was an all-out celebration that landed as SOL soared to staggering highs, this year’s event felt a lot more subdued. Landing in the midst of crypto winter,[Read more…]
07
Nov
Nov
Solana (SOL) News Updates After FTX Token Sale Announcement: After gaining an encouraging push with the Google partnership news, Solana (SOL) price appears back at square one now. With nearly 13% price drop in last 24 hours, the cryptocurrency has all but lost its gains from the Google Cloud news. Meanwhile, a section of the crypto[Read more…]
07
Nov
Nov
An impressive streak of green candles post a rebound from its multi-weekly trendline support (white, dashed) supported Solana [SOL] in swaying above the 20/50/200 EMA. The crypto saw an expected reversal from the $37-ceiling after a bearish hammer-like setup. In the meantime, the buyers could strive to step in near the 200 EMA to prevent further losses. [Read more…]
07
Nov
Nov
The moment is right for cryptocurrency investors to focus on potential 2023 purchases. Cryptocurrency buyers are searching for opportunities to offer them significant returns in the coming year. Most cryptocurrency investors do not consider popular coins because of the troubles of some currencies like Ethereum (ETH) and Solana (SOL). The Hideaways, an amazing new project, has been generating[Read more…]
07
Nov
Nov
Decentralized sports betting platform BetDEX is set to go live on the Solana Mainnet ahead of the upcoming Qatar FIFA World Cup 2022 which will be played from November 20th to December 18th. As of November 17th, three days away from the World cup, BetDEX will be open on Solana mainnet, according to Varun Sudhakar, BetDEX exchange[Read more…]
