Kevin Ricoy, founder of crypto media startup Allmight, has ignited a fiery debate in the Solana ecosystem after he wrote a scathing open letter urging the Solana Foundation to set a date for its shutdown. His remarks drew responses from figures like Jupiter’s Kash Dhanda and Solana Foundation’s Akshay BD, who stepped in to defend…
A closely watched crypto analyst has identified an important technical pattern forming on Solana’s chart, suggesting the digital asset is on the cusp of a major upward move. After more than a month of consolidation, SOL appears ready to shatter a key resistance level, potentially kicking off a new leg up in its price trajectory….
Crypto markets are preparing for a wave of selling pressure as more than $998 million worth of token unlocks hit circulation between August 25 and August 31, according to data from Tokenomist. The largest scheduled releases include Sui (SUI), Optimism (OP), Jupiter (JUP), and Huma Finance (HUMA). Heavy Unlock Schedule The token activations consist of…
Real Vision co-founder Raoul Pal has stirred debate after sharing his thesis on the current market cycle. According to him, Ethereum (ETH) is set to outperform Bitcoin (BTC), while Solana (SOL) could eclipse Ethereum, and Sui (SUI) may even surpass Solana on the back of its adoption curve. Bitcoin’s Struggles Give Altcoins an Opening In…
Digital asset investment products faced their largest weekly outflows since March as $1.43 billion exited the market. Despite this, trading volumes in exchange-traded products (ETPs) surged to $38 billion, around 50% above the yearly average, which reflected “increasingly polarised” investor sentiment over US monetary policy. Early in the week, fears of a hawkish Federal Reserve…
Kanye West’s YZY token has created one of the most talked-about moments in the crypto market this year. Its ripple effects have been most visible in Solana’s decentralized exchange (DEX) ecosystem. Meteora in Spotlight According to DeFiLlama data, the launch of YZY injected so much liquidity and speculative frenzy into Solana that Meteora, a rising…
BitMEX co-founder Arthur Hayes has made a striking prediction for Ethereum (ETH), suggesting the asset could go anywhere between $10,000 and $20,000 before the end of the current market cycle. In a recent interview, the influential investor also disclosed a strategic preference for ETH over its rival, Solana (SOL). Hayes Shifts From Caution to Confidence…
Rapper Kanye West, now legally known as Ye, has officially stepped into crypto. On Wednesday, the business mogul launched YZY, a Solana-based meme coin that briefly touched a $3 billion market cap within hours of its debut before rapidly shedding value. The launch, billed by Ye himself as the start of “a new economy, built on…
A significant wave of profit-taking has swept through cryptocurrency markets, with long-term investors capitalizing on recent all-time highs. Fresh on-chain data reveals that holders of major assets have collectively sold off approximately $2.8 billion in gains, contributing to a widespread market cooldown. $2.8B in Realized Profits as Major Coins Face Selling Pressure Analytics firm Glassnode…
An ETF expert has predicted an imminent surge in spot crypto exchange-traded funds (ETFs) approvals over the next two months. This comes as the regulatory landscape for these investment products solidifies. Crypto ETF Floodgates In an August 20 post on X, Nate Geraci, president of NovaDius Wealth Management, stated that investors should expect the “spot…
