There's a lot of positive sentiment for Solana on the market and on social media, which has caused the share price to rise. It seems the reason is probably the rumour of a partnership with Apple.
A report from Standard Chartered says that Solana is overvalued compared to Ethereum based on some key metrics. The US election could have an impact on the development of Solana, Ethereum and Bitcoin.
There's a chance that the wrapped bitcoin derivative cbBTC will be launched on Solana soon. This was announced by Coinbase at Token2049.
Just to let you know that Pacmoon (PAC), the biggest memecoin on the Blast blockchain, has moved to Solana. This comes after the coin's popularity has really taken off, which has brought 'social farming' back into the spotlight. This is where creators interact, create content and earn rewards. This is fueling the ongoing debate between Solana and Ethereum, where there's often a lot of discussion about which blockchain is better.
It looks like there won't be a BlackRock Solana ETF for now, as investors aren't that interested, according to CIO Samara Cohen. Franklin Templeton is thinking about launching a SOL ETF, but nothing is set in stone yet.
Solana has reached 1,504 TPS, which is great news for transaction speed and solving the problem of network congestion. Argentina is working with Solana to introduce "Forma" and promote the acceptance of digital assets.
The approval of a Solana ETF may hinge on changes within the Securities and Exchange Commission (SEC) and the outcome of the upcoming U.S. presidential election, particularly if Donald Trump wins.
In July, Ethereum ETFs will officially start trading, after the SEC gave the green light to the 19b-4 applications. These are special forms that exchanges submit to the SEC to bring new financial products like ETFs to market. The green light for these applications has got people talking about the possibility of big institutional investors flocking to Ethereum. However, it's thought that this will be less of a rush for Ethereum than it was for Bitcoin.
It's an exciting year for investing in the crypto market. The Bitcoin halving, which happens roughly every four years, happened again this year. After years of waiting, spot Bitcoin ETFs have finally been approved in the US. It won't be long before we see ETFs for Ethereum and Solana too. The wait for these approvals has already caused some altcoins to surge, and most analysts believe that the altcoin season is just getting started. This suggests that Bitcoin might not be the top dog for much longer, with many other cryptocurrencies expected to outperform it.
Anatoly Yakovenko, co-founder of Solana Labs, has introduced his community to a new blockchain protocol called BunkerCoin. This announcement coincides with the release of the whitepaper titled “BunkerCoin: A Low Bandwidth, Shortwave Radio-Compatible Blockchain Protocol,” which provides a detailed technical overview of the project.
VanEck has officially submitted an application to the SEC for the first Solana ETF in the US. The approval of the Ethereum ETF by the SEC is seen as a door opener. However, it is currently uncertain if and when the Solana ETF will be approved in the US.
In the fast-changing world of blockchain technology, Solana is a big player. It's known for being really fast, scalable, and cheap to use. As more and more people use decentralised apps (dApps) and cryptocurrencies, Solana offers a solid and efficient platform that fixes many of the problems with earlier blockchain networks like Bitcoin and Ethereum.
