Imagine if the United States could trim its national debt by 35%. Well, according to a new report from investment firm VanEck, it might just be possible with the creation of a Bitcoin reserve.
What’s driving Solana’s dominance?
Pump.fun has significantly influenced Solana’s market dynamics, driving liquidity and volatility through fee generation and substantial SOL sales, while accounting for over 60% of DEX trading volume during peak months.
This highlights its central role in the ecosystem’s activity.
A potential Solana ETF under a crypto-friendly regulatory environment could stabilize and elevate SOL prices by attracting institutional investors, shifting behavior toward long-term holding.
However, Solana’s reliance on Pump.fun raises concerns about the sustainability of its growth and its long-term appeal to investors.
Ryan Lee, Chief Analyst at Bitget Research
Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.
Crypto.com launches custody service for U.S. institutions
The popular crypto exchange announced the launch of its institutional custody service, officially named the Crypto.com Custody Trust Company.
XRP is the traders’ fav crypto on Binance
XRP is emerging as the most traded altcoin on Binance. According to CryptoQuant analyst JA Maartunn, this crypto has racked up a trading volume of over $116.6 million on the Binance Futures market.
Interpol issued Red Notice for Hex founder Richard Heart
Richard Schueler, aka Richard Heart, the founder of Hex, is making headlines, but for all the wrong reasons.
Inflows and Outflows of BTC and ETH ETFs
Last week, there were significant net outflows for BTC and ETH on the last two trading days, leading to a sharp market adjustment.
The market closely watches the inflow and outflow trends of BTC and ETH ETFs. This week, a shift from net outflows to net inflows is expected, which should lead to a corrective rally in the market due to the ETF inflows.
Holiday Impact: As Christmas approaches, liquidity in both capital and cryptocurrency markets is likely to decrease.
However, post-Christmas, market activity typically picks up again, with funds expected to actively position for sectors that might benefit from Trump’s upcoming inauguration.
Assets related to BTC and World Liberty Finance are anticipated to see a resurgence after Christmas.
Futures Contract Data: Last week’s significant market drop led to $3 billion in liquidations across the board, creating short-term panic.
Currently, most assets are showing negative funding rates, with the funding rates for major assets like BTC and ETH dropping to around 10% annualized, returning to normal levels.
From the futures market perspective, this week is likely to see a market recovery.
In summary, the expected trading range for BTC and ETH this week is 94,000-105,000 and 3,200-3,800 respectively.
Ryan Lee, Chief Analyst at Bitget Research
Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.
Bitpanda gets the green light in the UAE
Europe’s leading regulated crypto platform is making big moves by expanding into the UAE.
