Two new Solana governance proposals, SIMD-0550 and SIMD-0553, seek to overhaul the SOL tokenomics by doubling the annual disinflation rate from 15% to 30% and increasing daily SOL burns from 650 to around 9,000 under high network activity. This could eliminate about $1.5 billion in future SOL emissions over six years and potentially create a deflationary effect during busy periods. The changes aim to tighten Solana's monetary policy faster than previous attempts, with support from key figures like co-founder Anatoly Yakovenko. However, the proposals still face a high approval threshold and concerns from smaller validators about reduced staking yields.
In late July, Bitcoin ETFs experienced significant outflows totaling $326.7 million, coinciding with Bitcoin's price drop from around $64,000 to $62,556.58. Meanwhile, Ethereum and other altcoin ETFs showed stronger inflows despite similar price decl...
Bitcoin and major cryptocurrencies declined as AI and semiconductor stocks cooled, highlighting their linked risk exposure. Bitcoin dropped below $63,000 after a 3% fall, with Ethereum, Solana, and XRP also retreating. The dip followed a failed recov...
Solana (SOL) is trading near $70 with short-term price weakness but strong institutional interest and on-chain activity. The network is preparing for the Alpenglow upgrade, expected by end of August, which aims to improve transaction speed and finali...
Solana's price fell 1.47% to $72.55 on August 3, slipping below key support levels due to weak spot demand and ongoing capital outflows. Technical indicators show bearish momentum with SOL trading below major moving averages and liquidation clusters ...
Solana's price recovered from a low near $70.60 to above $73, but the rally shows signs of weakness due to a sharp drop in Bitfinex long positions and weak spot market demand. The decline in leveraged long positions suggests some traders are reducing...
