The Solana trading bot project AquaBot disappeared with \$4.65 million in presale funds just before its token launch. Investors were left with losses as the token never listed, raising concerns over scams and influencer-backed projects on Solana.
WeatherlyKanye West, now known as Ye, launched a Solana-based YZY token, sparking a market surge to a $3 billion valuation within 40 minutes. Most of the supply is controlled by insiders, raising concerns about long-term stability despite high trading activity.
AnaisThe SEC has delayed decisions on several crypto ETFs, including Bitcoin, Ethereum, Solana, XRP, Litecoin, and Dogecoin, pushing most deadlines into October. Regulators are working on new listing standards that could allow faster approvals of altcoin ETFs once rules are finalised.
WeatherlyBlue Origin now accepts Bitcoin, Ethereum, Solana, and stablecoins for booking space flights through a partnership with Shift4. This move aims to make high-cost space tourism payments easier for digital asset holders using popular crypto wallets.
WeatherlyThe US SEC clarified that certain liquid staking tokens are not securities, allowing these platforms to operate without registering their tokens. This decision opens the door for liquid staking tokens to be included in ETFs, boosting institutional interest in crypto assets.
JoySolana Mobile has started shipping its new crypto smartphone, the Seeker, to over 50 countries after receiving 150,000 pre-orders. The phone features built-in Web3 tools like a secure seed vault and a decentralised app store, offering an alternative to Apple and Google platforms.
Weatherly
Jason RiggsCollector Crypt launched a digital system on Solana where people can buy NFT packs linked to real graded Pokรฉmon cards. Buyers can either keep the NFT or claim the actual card, bringing together digital collecting and physical items.
AnaisMarti, a Turkish ride-hailing company, has put 20% of its cash into Bitcoin and plans to increase that to 50%. The move is part of a long-term plan to use crypto as a store of value while keeping its main business growing.
AnaisPumpfun will launch its PUMP token on 12 July, aiming to raise $600 million by selling 15% of its supply across its own site and Gate.com. Despite the hype, the platformโs revenue and user activity have dropped sharply, while rival LetsBonk is gaining ground.
WeatherlyJudging from the overall market conditions, there is no need to rush in with Fomo now.
JinseFinanceAs a AAA game, the long game development cycle is a necessary process. Nyan Heroes did not "strike while the iron was hot" in the early stages and raised funds from users. For a team that focuses on game development, it is also a responsible attitude to some extent.
JinseFinanceHayes predicts an epic Solana (SOL) rally amid potential U.S. banking crisis, adding intrigue to crypto anticipation.
Xu LinAs of January 16, 2024, Ethereum NFT trading volume has increased 4x, while Solana NFT trading volume has increased more than 10x since its 2023 nadir.
JinseFinanceBluntz Capital, renowned for predicting Bitcoin's 2018 bottom, anticipates a 40% surge in Solana ($SOL). Using Elliott Wave theory, he sees a corrective phase completed and a bullish trajectory.
Xu LinFranklin Templeton expresses admiration for Solana, fueling speculation about a Solana ETF. The firm also showcases positive sentiment towards Ethereum's future developments in the evolving cryptocurrency investment landscape.
Huang BoThe daily RSI has generated bullish divergence.
BeincryptoDaily RSI for SOL has remained below the neutral 50-level for most of the last month indicating a higher sell-side pressure in the market.
Beincrypto
NulltxSolana market grapples with multiple bearish setups if it breaks below its key 50-week moving average.
Cointelegraph