Bitwise's Solana Staking ETF (BSOL) has surpassed $1 billion in assets under management, driven by strong institutional demand amid a recent rally in Solana's price. The ETF has seen consistent inflows for seven days, with cumulative Solana product inflows reaching about $1.26 billion, representing over 2% of SOL's market cap. This surge coincides with increased futures trading volume, suggesting leveraged positions are amplifying price moves. Additionally, Solana validators approved a proposal to accelerate disinflation, potentially reducing new SOL issuance and impacting long-term supply. Together, these factors highlight growing institutional interest and a complex outlook for SOL's price sustainability.
Solana co-founder Anatoly Yakovenko proposed a new concept where validators would price tokenized collateral to support the issuance of new SOL tokens. This system would allow SOL to be minted against the collateral, with profits taxed to boost netwo...
Solana co-founder Anatoly Yakovenko proposed a new system where validators price tokenized collateral to mint new SOL tokens, with profits taxed to increase network revenue. This idea leverages Solana's recent Alpenglow upgrade, which improved valida...
A Solana (SOL) trader closed a long position worth approximately $6.34 million and simultaneously opened a short position valued at about $10 million, covering 98,219.31 SOL tokens. The trader's contract account, identified by the address 0x469e9a7f6...
Ether (ETH) fell below the $2,300 mark on October 24, registering a 4.2% loss over the past 24 hours with a price of approximately $2,298.61. This decline follows a previous drop below $2,400 on October 22. Other major cryptocurrencies also saw losse...
Bitcoin fell to its lowest level in over a month, slipping below $80,000, as the U.S. rapidly evacuated personnel from Middle Eastern embassies and military bases due to heightened threats of Iranian attacks. Intelligence reports indicate Iran is adv...
