SOL price fell to $192 on Thursday, but an upcoming ETF decision could kickstart institutional investor demand and reset Solana’s price momentum.
The exchange-traded fund (ETF) is the second multi-asset cryptocurrency investment vehicle approved for trading in the United States.
Solana futures’ open interest rose to new all-time highs of 72 million SOL as the technical structure displayed weakness, putting $120 back in play.
M2 Capital invested $20 million in Ethena’s ENA token as the protocol’s TVL neared $15 billion, with growing institutional backing from global crypto investors.
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Bitcoin and altcoins failed to follow gold and stocks to all-time highs this month, partly thanks to a lack of stablecoin liquidity on cryptocurrency exchanges.
Stablecoin payments firm RedotPay said it became a fintech unicorn after a $47 million round with participation from Coinbase Ventures, Galaxy Ventures and Vertex Ventures.
Nasdaq-listed Fitell tanked on Wednesday after buying $10 million of Solana as part of a newly announced crypto treasury strategy.
Nansen unveiled an AI agent to simplify onchain crypto trading with natural conversation, aiming to bring more value to Ethereum and EVM networks.