Solana is set to upgrade its network to reduce block time from 400ms to 350ms, enhancing transaction speed and throughput. Alongside this, a major tokenomics proposal could increase daily SOL token burns significantly, potentially lowering net token issuance and impacting staking rewards. These changes aim to strengthen Solana's infrastructure for DeFi and payments, supported by a new partnership in South Korea to expand Solana Pay across 330,000 merchants. Market sentiment is cautiously optimistic as the community awaits the mainnet upgrade and governance decisions expected in mid-August.
Solana's derivative market shows increased leveraged coin trading even as its USD open interest drops nearly 47.5% from last year. The total SOL exposure has risen by 21.6%, indicating traders hold more Solana despite lower prices near $76. A whale r...
Bitcoin's price fell marginally by 0.26% to around $64,800, while Ethereum edged up 0.09% to about $1,917, reflecting a cautious market mood. Crypto derivatives volume plunged over 51%, signaling reduced leverage and fewer short-term bets, while stab...
Spot Bitcoin ETFs experienced inflows totaling $853.54 million in the past week, marking the best weekly performance since April. BlackRock's IBIT led with $693.5 million, followed by Fidelity's FBTC with $116.5 million. Despite a recent hack causing...
Solana (SOL) has broken above a major descending trendline and is holding a higher-low structure near key support, signaling growing bullish momentum. The immediate resistance lies between $77.50 and $98, with a confirmed breakout potentially paving ...
Bitcoin dominance remains steady at 56.6% over the weekend, with Bitcoin trading near $64,782 and Ethereum stable at $1,916. While altcoins like SOL and BNB posted small gains, overall market activity is muted, reflecting cautious sentiment among ret...
