Solana (SOL) recently rallied to $98.41 but failed to break the key $100 resistance, hindered by a prevailing bearish trend and weak market sentiment despite Bitcoin's rise. The $95.26 level from April 2025 has acted as resistance in 2026, with sellers maintaining control just below $100. A range between $76.7 and $97.6 has formed, with the mid-level around $87.2 now acting as resistance after a recent breach. A move above $89 could shift short-term bias bullish, but as long as SOL stays below $87.3-$87.7, sellers remain dominant. The rejection from mid-range resistance could push prices back down to the range low of $76.7.
Solmate Infrastructure, a Nasdaq-listed company focused on Solana blockchain infrastructure, raised about $11.4 million through a registered direct offering of 2.3 million Class B shares priced at $4.97 each. The capital raise, closing around May 27,...
Ethereum spot ETFs saw $104 million in outflows on May 7, while Solana ETFs recorded $1.12 billion in inflows over 11 consecutive days, highlighting a clear institutional rotation within crypto assets. This shift shows investors are now making more s...
SOL Strategies acquired Zyga, a zero-knowledge proof system built natively for Solana, for $1.2 million to enable private trade execution and regulatory compliance for institutional users. Zyga protects trades from front-running bots and supports zkK...
Solana (SOL) is maintaining its price above $85 as it undergoes testing for the Alpenglow network upgrade and experiences renewed inflows into Solana ETFs, indicating growing institutional interest. The Alpenglow upgrade aims to improve transaction f...
Hyperliquid controls 66-73% of decentralized perpetual futures trading, processing about $50 billion weekly, far outpacing six competing Solana-based venues. The key difference is Hyperliquid's use of a traditional order book on its own chain, offeri...
