SOL Token Surges 4.56% as Trading Volume Soars 119% Amid ETF Buzz and Wallet Growth
Solana (SOLUSDT) has recorded a 4.56% price increase over the past 24 hours, rising from an opening price of 157.71 to 164.90 on Binance. This positive movement is attributed to heightened trading activity, with a notable surge in trading volume—up as much as 119.30% on some platforms—likely driven by increased market engagement following Binance Earn’s Soft Staking promotion and the integration of WalletConnect Token (WCT) on the Solana network. Additional factors influencing sentiment include ongoing discussions about potential ETF approval, a record high in wallet addresses holding at least 0.1 SOL, and strong retail participation despite recent outflows. The current market capitalization is estimated between $84.47 billion and $88.59 billion, with a circulating supply of approximately 536–540 million SOL, positioning Solana among the top cryptocurrencies by market value.
XRP Surges 8.46% as Ripple Partners With BNY Mellon for RLUSD Stablecoin Custody
XRPUSDT has experienced a notable price increase of 8.46% over the last 24 hours, rising from a 24-hour open of 2.4411 to a current price of 2.6475 on Binance. This price surge is primarily attributed to Ripple's recent partnership announcement with BNY Mellon, which will serve as the custodian for the reserves backing Ripple's new US dollar-pegged stablecoin, RLUSD. The collaboration with a major traditional financial institution has generated renewed optimism in the market, driving both price and trading activity higher. Additionally, discussions about a potential XRP ETF and ongoing legal developments involving Ripple and the SEC have contributed to heightened interest and volatility.
XRP currently trades at 2.6475 with a 24-hour trading volume between $6.50 billion and $7.78 billion, and a market capitalization estimated between $152 billion and $155 billion, reflecting strong market engagement and positioning XRP among the top cryptocurrencies by market cap.
BTC Surges 6.28% to $118K as Institutional Demand Grows and Exchange Reserves Hit Lows
Bitcoin (BTCUSDT) has experienced a significant price increase over the past 24 hours, rising by 6.28% on Binance to reach $118,037.52, up from a 24-hour open of $111,058.00. The primary drivers of this upward movement include renewed institutional interest, evidenced by recent announcements from companies expanding their Bitcoin holdings, and strong trading activity across major platforms. Additionally, a notable decrease in BTC reserves on exchanges, now at 2.4 million BTC compared to over 3.1 million in mid-2023, suggests reduced selling pressure and increased holding sentiment among investors. The market has also seen robust trading volumes and whale activity, indicating heightened participation and liquidity. Overall, Bitcoin is trading near its all-time highs, supported by a market capitalization of approximately $2.21 trillion, a circulating supply of 19,889,596 BTC, and active 24-hour trading volumes, reflecting strong momentum and positive sentiment in the current market environment.
Solana Gains Steam — $300M Treasury Push from BIT Mining Sparks Rally
BIT Mining aims to raise $300 million for SOL.
The corporation plans to convert its crypto assets to SOL to boost its reserve.
SOL might reach $183 if an inverted H&S pattern is confirmed.
After crypto mining business BIT Mining (BTCM) announced a $300 million treasury move to Solana, SOL climbed 4% on Thursday.
BIT Mining shares SOL treasury interest, Solana gains.
NYSE-listed BIT Mining aims to raise $200 million to $300 million in installments for a Solana treasury.
The corporation plans to convert its crypto assets into Solana as part of its new move, although it did not disclose how much it has.
"We are excited to take this bold step into what we believe is one of the most dynamic and promising ecosystems in the blockchain space," stated BIT Mining CEO Xianfeng Yang in a Thursday news statement.
With Solana's infrastructure and increasing developer community, BIT Mining hopes to "drive innovation, enhance ecosystem integration, and create sustainable shareholder value." It also said it will run validator nodes to support Solana and gain staking payments.
BIT Mining joins other companies that have switched to SOL, mimicking Strategy's (previously MicroStrategy) Bitcoin treasury accumulation strategy. In recent months, Classover Holdings, SOL Strategies, DeFi Development Corporation, and Upexi formed Solana treasuries.
BIT Mining's shares rose almost 150% on Thursday after the news before falling 14% after-hours.
SOL rose over the 100-day SMA and 50-day EMA to $163 barrier, which the 200-day SMA strengthens.
A rise over $163 would confirm an inverted Head-and-Shoulders (H&S) pattern, which might push its price up 12% to $183, the next significant resistance level. Rejection at $163 might drop it to $142.
The Stochastic Oscillator (Stoch) is overbought and the Relative Strength Index (RSI) is above neutral. Overbought Stoch circumstances suggest a short-term retreat despite strong bullish momentum.
#solana #sol #BTCBreaksATH #ETHBreaks3k #TrumpTariffs $SOL $BTC $ETH
🚨 Major Win for DeFi: US Treasury Drops Crypto Broker Reporting Rule
🌐 In a landmark decision for the crypto and DeFi ecosystem, the US Treasury has officially scrapped the broker reporting rule that would have required decentralized platforms to report user transactions to the IRS.
🔍 Why this matters:
◾️ This move follows Congress’s earlier action to revoke the IRS tax rule
◾️ It's a huge regulatory relief for DeFi builders, users, and platforms alike
◾️ Reinforces the growing recognition that traditional compliance frameworks don’t fit decentralized technologies
⚖️ This signals a more mature and nuanced approach to crypto regulation — potentially opening the doors for more innovation, participation, and legitimacy across the decentralized finance space.
🔍 Will this usher in a new wave of DeFi adoption and development in the U.S.?
#DeFi #CryptoRegulation #USTreasury #IRS #CryptoNews
https://coingape.com/us-treasury-scraps-crypto-broker-reporting-rule-for-defi-platforms/?utm_source=bnb&utm_medium=coingape
PEPE Token Jumps 15% Amid Binance’s 8th Anniversary, Surpasses $2.38B in Daily Trading Volume
PEPEUSDT has experienced a strong price surge over the past 24 hours, driven in part by heightened trading activity during Binance's 8th anniversary event, which features token giveaways and rewards for active traders. The increased participation and promotional incentives have contributed to bullish momentum, with analysts noting that PEPEUSDT broke out of a consolidation phase and maintained support above key price levels, further fueling buying interest.
Currently, PEPEUSDT is trading at $0.00001282 on Binance, reflecting a 14.98% increase from the 24-hour open of $0.00001115. The 24-hour trading volume has reached $2.38 billion, and the market cap stands at approximately $5.39 billion, positioning PEPE as the 25th largest cryptocurrency by market capitalization. The asset has shown significant volatility, with a price range between $0.00001093 and $0.00001309 in the last day, underscoring the active and speculative nature of the market.
#BinanceTr yeni bir HODLer projesini daha duyurdu: $LA listlendi.
ZK destekli bir sistemle, AI’nın kararlarını doğrulanabilir ve şeffaf hale getiriyor. Proje özetle şunu söylüyor. Yapay zeka sadece tahmin etmesin, kararlarının arkasını da açıklayabilsin.
🌱Merkezi darboğazları ortadan kaldırarak ölçeklenebilirliği artırıyor.
🌱 Kanıt üretiminde verimliliği teşvik ediyor, israfı önlüyor.
🌱Akıllı kontratların veri işleme kapasitesini genişletiyor.
🌱AI sistemlerinin sonuçlarını kriptografik olarak doğrulayarak güven inşa ediyor
Peki token nerde kullanılıyor?
🌱 Doğrulama süreçlerinde ödeme aracı
🌱Stake edilebiliyor
🌱Yakında doğrulayıcılara delegasyon özelliği geliyor
Arz bilgisi
🌱Toplam: 1 milyar
🌱Dolaşımda: 193 milyon
Ethereum, Arbitrum, Scroll gibi ağlara entegre edilebiliyor. Yani zincir seçmiyor, mantık önemli.
Herhangi bir yatırım tavsiyesi içermez, bilgilendirme amaçlıdır.