Two new crypto exchange-traded funds (ETFs) targeting Solana and XRP are launching in the U.S. on Tuesday, marking another step in the expanding intersection of traditional finance and digital assets. ProShares, a major player in leveraged ETFs, rolled out the ProShares Ultra Solana ETF (SLON) and the ProShares Ultra XRP ETF (UXRP). Both products aim … Read more
A wave of profit-taking and risk-off trading ripped through crypto markets late Monday, with long traders being liquidated for over $406 million in 24 hours. Another $269 million came from short-side losses, taking the total liquidation figure to $675.8 million, marking one of the heaviest wipeouts since April. The heaviest blow landed on bitcoin longs, … Read more
Bitcoin’s (BTC) decisive break above $118,000 has flipped the risk-on switch for crypto markets, and traders are now watching if altcoins follow with similar momentum or get left behind in a BTC-dominant rally. Historically, bitcoin breaking to new highs acts as a liquidity signal, pulling sidelined capital back into the market and eventually rotating into … Read more
This is a daily analysis of top tokens with CME futures by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin: Resistance at $120K? Bitcoin’s (BTC) upswing has gathered pace, as indicated by the “negative dealer gamma buildup” and IBIT’s bull flag breakout. Bull momentum looks strong, evidenced by the 14-day RSI topping 70 and … Read more
SOL price predictions remain bullish even in the middle of a market-wide sell-off following the move by the Federal Reserve to halt rate cuts in 2025. Solana’s price is already forming a bull flag even as SOL dips below $200 in a move that analysts anticipate could lead to a bullish breakout past the $210 … Read more
Cryptocurrency miner BIT Mining is shifting its focus to Solana with plans to raise up to $300 million to acquire SOL tokens. BIT Mining said it wants to “capture emerging opportunities across the broader blockchain” industry and attract investors seeking exposure to Solana in an announcement on Thursday. The company’s New York Stock Exchange-listed shares … Read more
Three Solana-focused exchange-traded funds (ETFs) listed in the U.S. have quietly pulled in $78 million over the past month, reflecting rising interest in altcoin-backed investment products despite the outsized dominance of bitcoin and ether in ETF markets. The Solana REX-Osprey SOL + Staking ETF (SSK), which launched July 2, has already attracted over $41 million … Read more
A sharp rally in crypto majors over the past 12 hours triggered the largest wave of liquidations since May, wiping out more than $460 million in short positions. Bitcoin (BTC) surged past $111,000, ether (ETH) jumped nearly 7% to above $2,700, and Solana’s SOL climbed above $158, catching traders betting against the move completely offside. … Read more
The road to a spot Solana exchange-traded fund (ETF) could be much shorter than expected. The Securities and Exchange Commission asked prospective issuers to respond to comments and re-file amended S-1 documents before the end of July, two people familiar with the matter told CoinDesk. Technically, the SEC has until October 10 to approve or … Read more
Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis. Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, … Read more