Digital asset investment products experienced a second consecutive week of outflows shedding $1.2 billion which amounted to $584 million. According to CoinShares, this could potentially be a result of the pessimism amongst investors regarding potential Fed interest rate cuts this year. Altcoins See Inflows Amid Market Weakness Bitcoin bore the brunt and remained the primary focus with $630 million in outflows, although short positions did not increase significantly, as per...
Read More »Solana Price Cracks 8% as Blockchain Revenue Tanks, What’s Next?
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Read More »3iQ Files Prospectus for North America’s First Solana ETP
Canadian asset manager 3iQ announced that it has filed a prospectus with the Ontario Securities Commission (OSC) to launch an exchange-traded product (ETP) on the Toronto Stock Exchange (TSX). If approved, the fund will be the first publicly traded Solana ETP in North America. 3iQ Files Prospectus for Solana Fund (QSOL) In a June 20 post on X, 3iQ Corp. announced the submission of a preliminary prospectus for The Solana Fund (QSOL) in Canada in relation to an initial public...
Read More »Solana-Ether Ratio Drops 35%, Hitting Lowest Level Since March
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Read More »Meme Coin Frenzy Fuels Explosive Base DEX User Growth
Coinbase Ethereum layer-2 network Base has clinched a new record in terms of the number of daily active users on decentralized exchanges (DEX), reaching 270,000 on June 17th. Compared to the previous day, the figure jumped by approximately 9%. Uniswap Dominates Base With 85% User Share According to data compiled by Dune Analytics, with the latest all-time high of active users, Base-powered decentralized exchanges have now surpassed BNB Chain. The Layer 2 network is now behind...
Read More »AI Coins Slump as Google Trends Reveal Peak Retail Investor Interest
[unable to retrieve full-text content]CoinspeakerAI Coins Slump as Google Trends Reveal Peak Retail Investor Interest Despite the current dynamics, investors are questioning whether this is a temporary buying opportunity or a signal of a local top. AI Coins Slump as Google Trends Reveal Peak Retail Investor Interest
Read More »DRiP Haus, Solana Creator Platform, Prepares for July Launch on iOS and Android
[unable to retrieve full-text content]CoinspeakerDRiP Haus, Solana Creator Platform, Prepares for July Launch on iOS and Android Solana's creator platform DRiP Haus allows its users to distribute their digital artwork, such as music or art, to its followers while receiving tips and payments in return. DRiP Haus, Solana Creator Platform, Prepares for July Launch on iOS and Android
Read More »Solana vs. Ethereum: Wenn Transaktionskosten von 20 Euro auf 1 Cent sinken
Solana und Ethereum sind zwei führende Blockchains, die oft miteinander verglichen werden, insbesondere in Bezug auf Transaktionskosten und -geschwindigkeit. Während Ethereum als Pionier im Bereich der Smart Contracts und dezentralen Anwendungen gilt, hat Solana sich einen Namen gemacht, indem es eine Plattform mit niedrigen Transaktionskosten und hoher Geschwindigkeit bietet. Ethereum, gegründet von Vitalik Buterin im Jahr 2015, hat das Konzept der dezentralen Anwendungen (dApps) populär...
Read More »Caitlyn Jenner’s JENNER Meme Coin Sends Traders into a Tailspin
This year saw an explosion of meme coin launches, many of which have questionable ties. In fact, Lookonchain’s data effectively highlights the perils of trading meme coins, especially those endorsed by celebrities, with the latest spotlight on American celebrity Caitlyn Jenner’s JENNER, which was launched on the Solana blockchain. JENNER Memecoin Pitfall Despite several market participants questioning the legitimacy of the token, some traders still went on to buy and trade...
Read More »Solana ETFs to See More Demand Than Other Altcoin Funds: Bloomberg Analyst
Bloomberg exchange-traded fund (ETF) analyst James Seyffart believes a Solana ETF would see more demand than similar funds for other altcoins, except ether (ETH). Seyffart’s statement was in response to a video in which CNBC Fast Money trader and crypto investor Brian Kelly said Solana ETFs were next in line following the approval of Ethereum ETFs by the United States Securities and Exchange Commission (SEC). Solana ETF to See Heavy Demand The chances of the SEC approving a...
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