Solana's token price has fallen 43% over four months despite a $750 million USDC mint and partnerships with Visa and Western Union enhancing its payment infrastructure role. Key projects like Lifinity and Magic Eden have shut down, raising concerns about ecosystem stability. Market sentiment is cautious, doubting Solana will reach the $170 price target in May. Investors will watch for new developments from Solana Labs and geopolitical factors affecting stablecoin demand.
Bitcoin dropped about 2% amid a sharp 11% plunge in South Korea's Kospi stock index, one of its worst days in years, shaking global risk assets. The U.S. Senate postponed the Crypto Clarity Act to focus on a Russia sanctions bill and federal nominati...
Solana is increasing its mainnet block compute limit from 60 million to 100 million Compute Units, a 66% rise effective at Epoch 1009. This upgrade allows more transactions and complex smart contract calls per block, enhancing network throughput. It ...
Solana (SOL) is trading around $76.80, showing a 2.66% gain as it challenges the top of a descending channel near $76. The recent issuance of 250 million USDC on the Solana blockchain by Circle has increased stablecoin liquidity, supporting ecosystem...
Bitcoin fell 2.7% to about $63,200 following a sharp sell-off in Asian equity markets, notably Korea's Kospi which dropped over 10%. The tech sector was pressured by worries over AI infrastructure investments exceeding $750 billion, causing Nvidia sh...
Bitcoin fell about 2.7% to around $63,200 following the U.S. market close, dragged down by a sharp 10% drop in South Korea's Kospi index, which hit its lowest since April. The U.S. Senate postponed a vote on the CLARITY Act, delaying crypto regulator...
