Tag: Solana

Bitcoin, Ether and Solana Likely to See 3% to 5% Price Swings on FOMC Rate Decision

The Federal Open Market Committee (FOMC), the U.S. Federal Reserve’s monetary policy-making body, is slated to publish its rate review later in the day, along with growth and inflation projections and interest rate forecast. The widely-watched event is likely to breed crypto market volatility, spurring 3% to 5% price swings in bitcoin (BTC), ether (ETH) and solana (SOL). That’s the message from Volmex’s one-day implied volatility indices tied to BTC, ETH and SOL. At 12:30 UTC, the bitcoin one-day IV index (BVIV) signaled an annualized volatility of 63.32%, equating to…

Solana rallies 8% as crypto markets recover — Is there room for more SOL upside?

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Solana’s native token, SOL (SOL), rose 8% on March 19 as investors turned to riskier assets ahead of US Federal Reserve Chair Jerome Powell’s remarks. While interest rates are expected to stay unchanged, analysts anticipate a softer inflation outlook for 2025. Meanwhile, key onchain and derivatives metrics for Solana suggest further upside for SOL price. The cryptocurrency market mirrored intraday movements in the US stock market, suggesting SOL’s gains were not driven by industry-specific news, such as reports that the US Securities and Exchange Commission may drop its lawsuit against…

Volatility Shares launching Solana futures ETFs March 20

Volatility Shares is launching two Solana (SOL) futures exchange-traded funds (ETFs), the Volatility Shares Solana ETF (SOLZ) and the Volatility Shares 2X Solana ETF (SOLT), on March 20. According to the Securities and Exchange Commission filing, SOLZ will feature a management fee of 0.95% until June 30, 2026, when the management fee will increase to 1.15%. Volatility Shares’ 2X Solana ETF gives investors twice the leverage and will feature a 1.85% management fee. Volatility Shares Solana ETF SEC filing. Source: SEC The filings represent the first Solana-based ETFs in the…

On-Chain Data Signals Key Test For Solana At $135 Level – Insights

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Solana has been struggling since late January, experiencing a sharp decline alongside the broader crypto market. SOL has lost over 60% of its value, with bulls now fighting to…

Memecoins are ded — But Solana ‘100x better’ despite revenue plunge

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Five years after the first Solana block was generated, the network is entering a new period of fear and uncertainty as the once-lucrative memecoin-casino starts to wind down. To be fair, the layer 1 blockchain has overcome bigger obstacles before, staging an incredible comeback from just $8 in the aftermath of the 2022 FTX collapse to a new all-time high above $294 in January this year. But the sudden evaporation of the memecoin market could pose a big challenge over the coming months — where are the activity and fees…

Modest CME Solana futures fanfare signals possible ETF turnout: K33

Demand for the CME Solana futures product could indicate future investor appetite for an ETF tracking the altcoin. The CME Solana (SOL) futures debuted to lackluster trading activity compared to Bitcoin (BTC) and Ethereum (ETH) futures products on the Chicago Mercantile Exchange, wrote K33 head of research Vetle Lunde and senior analysts David Zimmerman. Launched on March 17, the CME SOL futures recorded a modest $12.3 million for trading volume and only $7.8 million in open interest. Conversely, CME Bitcoin futures secured $102.7 million in launch day trading volume in…

Solana Marks 5-Year Journey – 400 Billion Transactions and Counting

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. A well-known cryptocurrency marks its anniversary by celebrating the milestones it has achieved over the years such as its incredible growth that made it one of the top digital…

Solana deletes ‘cringe’ ad criticized for being ‘tone deaf’ on gender issues

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The team behind blockchain network Solana has deleted a controversial advertisement posted on its X account after immense backlash over political messaging around gender identity. The more than two-and-a-half-minute ad for the Solana Accelerate conference posted on March 17 with the caption “America is back. Time to Accelerate” depicted a man as “America” in a therapy session who said he was having thoughts “about innovation” such as crypto. The therapist responds he should do “something more productive, like coming up with a new gender” and later says the man should…

Solana futures finish first trading day on CME

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Solana (SOL) futures traded for the first time on the Chicago Mercantile Exchange (CME) Group’s US derivatives exchange on March 17 as the cryptocurrency’s mainstream adoption gains momentum. In February, CME tipped plans to list two types of SOL futures contracts: standard contracts representing 500 SOL and retail-friendly “micro” contracts representing 25 SOL each.  They are the first regulated Solana futures to hit the US market after Coinbase’s launched in February. The contracts are settled in cash, not physical SOL. On March 17, the contracts’ first trading day, SOL futures…

Solana Holds Bullish Pattern – Expert Sets $140 Target

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Solana (SOL) has been under intense selling pressure, with the price failing to reclaim key resistance levels after weeks of fear-driven market conditions. Bulls lost control when SOL dropped…