Circle has minted $250 million worth of USD Coin (USDC) on the Solana blockchain, increasing the stablecoin's liquidity on Solana by more than 10% in a single transaction. This move is part of a larger trend with nearly $1 billion USDC introduced to Solana over the past week, signaling growing institutional demand for stable assets on the platform. The increased liquidity highlights Solana's expanding role as a key settlement layer for stablecoin transactions. Market watchers are now observing how this liquidity boost might influence Solana's market price and adoption going forward.
Solana is currently defending a short-term support level near $74-$77, which keeps the potential for a move toward $87 and $100 alive. The price remains above a rising trendline and a cloud support zone, suggesting buyers are absorbing selling pressu...
Cryptocurrency markets fell 1-3% overnight, with Bitcoin dropping 1% to $63,000 and similar declines for Ethereum and Solana. However, Bitcoin ETFs reversed a two-month outflow trend, showing net inflows that suggest renewed institutional investor in...
Sanctum, a liquid staking protocol on Solana, has increased its Total Value Locked (TVL) by 10% over the past month despite the ongoing bear market. This growth positions Sanctum as the top performer among Solana's leading protocols and now ranks sec...
Solana's price remains under the $80 mark due to macroeconomic pressures like rising U.S. Treasury yields and weak institutional demand, limiting its recovery despite strong on-chain activity. The token is forming a bullish falling wedge pattern, sug...
SBI Holdings and the Solana Foundation have partnered to create Japan's first on-chain financial market, aiming to issue stablecoins like JPYSC and tokenize assets such as bonds and real estate. The collaboration includes renaming SBI R3 Japan to SBI...
