Tag: Solana

Solana (SOL) Strengthens Above $135 as Market Sentiment Shifts Back Toward Bulls

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Solana (SOL) Slips Toward Key Support While Markets Brace for Next Big Move

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Vanguard platform now lists Bitcoin, Ethereum, XRP, and Solana ETFs

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Key Takeaways US ETFs tracking Bitcoin, Ethereum, XRP, and Solana are now visible on Vanguard’s platform. This move represents a shift for Vanguard, which previously did not support crypto products on its platform. Share this article Vanguard has listed US Bitcoin, Ethereum, XRP, and Solana ETFs on its investment platform as it moves toward offering trading in crypto-related ETFs and mutual funds. Starting Tuesday, the move will enable over 50 million Vanguard brokerage customers in the US to engage with crypto alongside other non-core assets like gold. Vanguard operates as…

Cantor Fitzgerald reveals 58,000 share position in Volatility Shares Solana ETF

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Key Takeaways Cantor Fitzgerald invested around $1.3 million in the Volatility Shares Solana ETF in the third quarter. The Volatility Shares Solana ETF provides exposure to Solana, serving as an alternative to traditional Bitcoin ETFs. Share this article Cantor Fitzgerald, a financial services firm, revealed a 58,000 share position worth approximately $1,3 million in the Volatility Shares Solana ETF, according to a regulatory filing. The disclosure highlights growing institutional interest in Solana-based investment products. Volatility Shares, an investment company managing crypto-focused exchange-traded funds, operates the Solana ETF that provides exposure…

Forward Industries Names Ryan Navi CIO for Solana Treasury

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Top SOL treasury company Forward Industries has appointed Ryan Navi as chief investment officer to oversee the execution of the company’s Solana-focused treasury strategy. According to Monday’s announcement, Navi will handle sourcing and structuring capital markets opportunities and direct how Forward Industries uses its staking and validator infrastructure to support the accumulation of (SOL), Solana’s native token. Navi joins Forward Industries after leading digital-asset investments at ParaFi Capital and previously serving as a principal at investment company KKR, where he focused on liquid and distressed credit strategies. He began his…

Kalshi brings tokenized event contracts to Solana

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Key Takeaways Kalshi, a regulated prediction market platform, has launched tokenized event contracts on the Solana blockchain. The platform’s integration with Solana enables onchain trading of event outcomes, expanding its market reach to the crypto ecosystem. Share this article Kalshi, a regulated prediction market platform, today launched tokenized event contracts on Solana, bringing on-chain trading of event outcomes to the blockchain network. Kalshi operates as a regulated prediction market platform that enables trading on event outcomes through legal contracts. The expansion to Solana represents the company’s move into on-chain operations…

Arthur Hayes says most L1s outside Ethereum and Solana are headed to zero

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Key Takeaways Arthur Hayes predicts most layer 1 blockchain tokens will fail except for Ethereum and Solana. He believes initial price surges in new layer 1 projects rarely translate to long-term success. Share this article Arthur Hayes, co-founder of crypto derivatives exchange BitMEX, said he expects most layer 1 blockchain coins outside Ethereum and Solana to fail, including Monad, a recently launched layer 1 backed by Coinbase Ventures. “I think pretty much every other L1 besides Ethereum or Solana is a zero,” said Hayes, speaking in an interview with Altcoin…

CoinShares ends bid to launch XRP, Solana, and Litecoin ETFs in the US

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Key Takeaways CoinShares has withdrawn its registration filings for three crypto ETFs tied to XRP, Solana, and Litecoin. The move comes as CoinShares intends to list on Nasdaq. Share this article CoinShares, Europe’s leading digital asset investment firm, on Friday filed with the SEC to withdraw its registration statements and amendments for three crypto exchange-traded products, including the CoinShares XRP ETF, CoinShares Solana staking ETF, and CoinShares Litecoin ETF, concluding its bid to bring them to market. The move follows CoinShares’ September disclosure of a $1.2 billion merger with Vine…

Solana ETFs Break Streak as XRP ETFs Extend Perfect Run

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US spot Solana exchange-traded funds (ETFs) broke their flawless inflow streak on Wednesday, recording $8.1 million in net outflows, their first day in the red since launch, according to ETF data provider SoSoValue.  A single ETF product largely drove the pullback, the 21Shares Solana ETF (TSOL), which experienced over $34 million in outflows. The ETF has recorded cumulative net outflows of $26 million since launch and has net assets of $86 million. The rest of the SOL ETFs performed well, absorbing much of the outflows by TSOL. The Bitwise Solana…

Upbit discloses $37M hack on Solana network, pledges to cover customer losses

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Key Takeaways Upbit, a leading South Korean cryptocurrency exchange, suffered a $37 million security breach on the Solana network. Upbit has pledged to cover all customer losses from its own funds, demonstrating a commitment to customer security. Share this article Upbit, a major South Korean crypto exchange, today disclosed a $37 million security breach on the Solana network and pledged to cover all customer losses using its own funds. The exchange committed to reimburse affected customers from its reserves following the hack on the high-performance blockchain platform designed for decentralized…