Recent developments in Solana’s ecosystem reveal a significant shift in trader sentiment as concerns over memecoins mount, influencing market positions. As traders brace for potential downturns, the growing imbalance between long and short positions suggests an overarching bearish outlook on SOL. “The market has decided it is angry at Solana,” noted cryptocurrency influencer Tyler Durden, … Read more
Institutional investors now hold pivotal stakes in 15 major cryptocurrency mining firms, with asset managers like Vanguard, Blackrock, and Fidelity steering ownership across an increasingly competitive sector. Inside the Top 15 Bitcoin Mining Firms Dominated by Finance Heavyweights Institutional investors are rewriting the rules of the cryptocurrency mining sector. Vanguard, Blackrock, and Fidelity now command … Read more
Tether is set to expand access to blockchain and peer-to-peer technologies through a new partnership with the government of the Republic of Guinea. In an announcement on Feb. 17, Tether revealed that it had signed a memorandum of understanding with the government of Guinea. The collaboration aims to drive economic growth and digital transformation in … Read more
Solana (SOL) has recently faced a challenging period, moving within a bearish pattern that hinted at a potential drawdown. The price has begun to reflect these concerns, with the broader market failing to provide enough support for a recovery. As Solana struggles to maintain upward momentum, its price has experienced a significant decline, leading to … Read more
Metaplanet announced on Monday that it has acquired an additional 269.43 BTC, valued at approximately $26.4 million (¥4 billion). This latest purchase brings the company’s total holdings to around 2,031 BTC, which is worth about $196 million at current prices. With an average purchase price of around $80,700 per bitcoin, Metaplanet’s overall investment in bitcoin … Read more
US prosecutors are looking into potential charges against Argentine President Javier Milei for his involvement in the controversial LIBRA rug pull, expanding the allegations beyond national borders. Key figure Hayden Davis, linked to LIBRA, revealed significant insider trading activities, paving the way for stronger legal actions against those associated with the coin. Following the LIBRA … Read more
A group of Argentine lawyers have filed a complaint with the US DOJ and FBI that points to the protagonists behind the LIBRA token and asks for President Javier Milei to be investigated.
Former Rep. Adam Kinzinger pushed back on the idea that cryptocurrency could pay off the U.S. national debt, arguing that while blockchain has practical applications in government and finance, Bitcoin is not a viable solution for economic stability. In a recent interview hosted by Saxo to mark President Donald Trump’s first 30 days in power, … Read more
Meme coin tremors shook Argentina’s stock market as President Javier Milei was sued over the launch of the LIBRA token. The S&P Merval, Argentina’s stock market index, fell 5% as markets opened on Feb. 17 following a tumultuous weekend involving the Solana-based meme coin Libra. The index, which tracks Argentina’s largest publicly traded companies, similar … Read more
Sonic SVM, Solana’s first chain extension, officially announced today its $1M hackathon, designed to spur native decentralized application development ahead of its main net launch on Feb. 27, 2025. New York-Based Sonic SVM Announces Hackathon to Spur Solana Dapp Development Organized by Sonic SVM in New York, the hackathon runs from Feb. 17 to March … Read more