Traders lean into supply compression stories in altcoins as Hyperliquid ramps up token burns and Jupiter freezes new emissions, even as bitcoin churns between $60,000 and $69,000 with muted flow.
Through a built-in 'Prediction' feature, Jupiter users can now access Polymarket contracts without leaving the app.
The co-founder of rival lending protocol Kamino has criticized Jupiter's messaging around their "isolated vaults," and blocked a migration tool.
After weeks of turbulence, the crypto market found support Thursday, with Bitcoin and Ether posting modest gains and HyperLiquid’s token HYPE soaring.
The platform, powered by Kalshi, allows users to speculate on the race outcome, with initial trading limits set to ensure stability.
The updated protocol is "seamlessly integrated" into all Jupiter products, including its mobile and desktop apps as well as its API and Pro Tools.
JupUSD will be developed in partnership with Ethana Labs and initially be fully collateralized by Ethana's USDtb stablecoin.
Bitcoin has been celebrated as digital gold and a secure store of value with limited functionality, but Solana’s high-speed, low-cost blockchain is changing that narrative. By bridging BTC into SOL’s DeFi ecosystem, BTC gains instant settlement, programmable use cases, and access to lending, borrowing, and yield opportunities. The best form of Bitcoin is literally on Solana, citing the network’s ability to transform BTC from a static store of value into a dynamic, productive asset. Solana Sensei, the Founder of Sensei holdings and Namaste group, has highlighted on X that 66% of all wrapped Bitcoin (wBTC) traders are on the Solana network. He supports this claim with the reasons why people are choosing to hold and use their BTC on SOL. Why Solana’s Speed And Low Fees Change The Game Solana is extremely cheap in transactions, a stark contrast to the $5 to $50+ fees often seen on the Bitcoin or Ethereum networks for the same move. With transaction finality in approximately 400 milliseconds, BTC transfers on SOL become nearly instant, compared to the minutes or hours of waiting on other chains. SOL’s capacity to process 65,000 TPS allows it to handle BTC at an internet-scale without network congestion. Related Reading: Mike Novogratz Backs Solana As The Blockchain Of Choice For Financial Markets – Here’s Why Furthermore, Bitcoin becomes a programmable asset with deep integration into DeFi protocols like Jupiter, Raydium, Orca, Drift, and Kamino, enabling instant trading, lending, and use as collateral. Also, BTC becomes programmable in SOL DeFi, NFT, and RWAs, without the need for bridges across multiple chains. This integration transforms BTC into a dynamic, productive asset that can be used for lending, staking, and liquidity provision or structural products in ways that are not possible on the native BTC chain. BTC custody solutions, such as tBTC, sBTC, or the Wormhole BTC, combined with SOL’s high validator count and Jito MEV protection, are making it secure to use BTC on the network. Bitcoin on SOL pairs with USDC and USD1, which are the stablecoins that dominate settlement volume across all chains. With products like the SOL Mobile Saga and Seeker, there are instant BTC swaps and BTC payments on mobile. As the focus on SOL increases, the network is becoming a hub for ETFs and RWAs, with institutional flows ramping up. Meanwhile, Wrapped BTC on SOL will be directly plugged into that liquidity. Earning Native Bitcoin on Solana Through mSOL Analyst CPrinz, the on-chain Researcher, has revealed a new partnership between Marinade, SOL’s leading staking platform with 10 million and $1.7 billion in total value locked, and Zeus Network. Related Reading: Solana DATs Will Outpace Bitcoin, Says Multicoin Capital Co-Founder Specifically, the collaboration is designed to expand the utility of Marinade liquid staked SOL token, mSOL, by enabling users to earn native BTC on the SOL blockchain. Also, this partnership unlocks new opportunities across DeFi, marking a major step forward for cross-chain innovation. Featured image from Unsplash, chart from Tradingview.com
The fund placements, managed by Coinbase's asset management arm, begin on Aave, Morpho, Kamino and Jupiter, with broader rollouts planned.
JUP prices remained stable after the announcement, up marginally over the past 24 hours.
Jupiter DAO, which governs the Solana-based DEX aggregator Jupiter Exchange, has paused all governance votes until early 2026.
The self-proclaimed Solana super app doesn't think NFTs are dead yet.
Jupiter (JUP) has recently registered some minor gains rising by 3.50% in the last day. However, earlier market losses mean the altcoin experienced a 1.38% decline in the past seven days. Amid this volatile price action, renowned market expert Ali Martinez postulates the altcoin is in imminent danger of a major price fall. Related Reading: Ethereum Whales Pounce On The Dip, Snag $236 Million In ETH Bearish Flag Forms On JUP Chart: Key Support To Watch In an X post on Saturday, Martinez reports the formation of a potential bearish flag on the JUP 4-hour chart. The bearish flag is a continuation pattern that hints at a sustained downtrend. It follows a prolonged price fall i.e. the flagpole which was seen in early March when prices of Jupiter fell from $0.83 to $0.48 in seven days. The bearish flag is a brief period of consolidation in an upward or sideways direction that comes after this price decline and is usually followed by a downward trend continuation. In the case of Jupiter, the flag is represented by prices moving between $0.56 (resistance) and $0.50 (support). Therefore, a decisive price fall below the $0.50 region would validate the bearish flag resulting in a substantial price decline. Based on the length of the initial flagpole, Martinez predicts JUP prices could slide as low as $0.41, suggesting a potential 21.15% decline from current market prices. On the other hand, a strong price breakout above the resistance at $0.56 could invalidate the bearish flag suggesting a a potential reversal. In this case, Jupiter could rise to around $0.83 at which lies the next significant price resistance. Related Reading: Global M2 Vs. Bitcoin Shows Bullishness As Analyst Sets ‘Blast Off’ Date, Here’s When JUP Price Outlook Amid a general crypto market correction, JUP has suffered a substantial price loss over the last month losing 30.15% of its value. This development has occurred despite efforts by the Jupiter exchange to manage the token’s supply by using 50% of protocol fees to implement a massive buy-back strategy. However, the Relative Strength Index (RSI) on the token’s daily chart shows a recent rebound from the oversold region indicating price reversal could be on the horizon. According to analysts from Coincodex, general sentiment in the JUP market remains bearish with the Fear & Greed Index of 32 suggesting investors are highly cautious about engaging the market at the moment. However, these analysts are strongly confident in JUP’s bullish potential, projecting a price gain of 227% in the next month. At press time, Jupiter continues to trade at $0.52 following a price increase of 3.50% as earlier stated. Meanwhile, the asset’s daily trading volume has increased by 21.78% and is valued at $42.57 million. Featured image from National Geographic Kids, chart from Tradingview
In every market cycle, the altseason is an anticipated period for investors marked by a general altcoins’ price outperformance against Bitcoin. However, there have been many doubts over an altseason in the current bull run with crypto analysts citing a surge in the number of altcoins over the last four years. Interestingly, Bitwise Chief Investment Officer (CIO) Matt Hougan has backed the potential of a brewing crypto altseason. The key crypto figure and market pundit has stated that certain DeFi developments are pointing to a robust price surge for the crypto market. Related Reading: Altseason At Risk? Expert Believes Ethereum Must Hold $2,600 To Sustain Momentum DeFi Boom Incoming: Jupiter, Ondo, Uniswap Lead Charge To Altseason Via an X post on February 21, Hougan listed several developments, especially in the DeFi industry that hint at an incoming altcoin bull rally. Firstly, Hougan references the US Securities and Exchange Commission (SEC)’s latest decision to drop its lawsuit against the Coinbase Exchange. In June 2023, the US regulator charged Coinbase to court over several alleged securities violations including serving as an unregistered exchange and broker. However, in a sharp turn of events, the SEC has decided to withdraw its complaint ending a 2-year long legal battle The Bitwise CIO also mentions DEX aggregator Jupiter’s recent move to activate a fee structure introducing a minimum of 0.01% fees on all platform swaps which creates a more efficient operational model. Another development raised by Hougan is Ondo Finance’s announcement of the Ondo Global Market, a tokenization platform designed to introduce on-chain exposure to US securities such as stocks, bonds, and exchange-traded funds listed on the NYSE and NASDAQ. Finally, Hougan also spotlights the launch of the Unichain – an Ethereum-layer 2 solution designed by Uniswap labs to improve liquidity, cross-chain operatalibility and also significantly reduce transaction fees. In reality, these are all singular developments. However, Hougan explained these developments can be attributed to the ongoing efforts by the current US Government to create a “fair regulatory environment.” In doing so, crypto companies and DeFi projects can run effectively extending their reach beyond the digital asset space. The potential of this scenario is likely to encourage investor engagement serving as an early indicator of altseason. In particular, Matt Hougan explains the DeFi market presents a lot of hidden potential to influence the non-crypto markets under the right conditions. Crypto Market Overview At press time, the crypto market cap is valued at $3.12 trillion after a 1.78% decline in the past day. Bitcoin maintains strong market influence with a dominance of 60.4%, followed by Ethereum (10.2%) and other altcoins (29.5%). Meanwhile, the Altseason index is at 31 strongly in favor of the premier cryptocurrency. Related Reading: Bitcoin Dominance Tipped To Hit 57% — Altseason Incoming? Featured image from iStock, chart from Tradingview
Altcoins made waves as BTC held steady despite continued outflows from spot ETFs.
In a series of now-deleted posts, Jupiter’s X account promoted what appeared to be a scam memecoin with the ticker $MEOW.
While some view it as a positive move for long-term growth, others worry it could lead to monopolistic behavior and harm innovation in the Solana ecosystem.
The announcement caps off the platform's Catstanbul event, which saw Jupiter make a number of major moves in the AI and memecoin space.
Jupiter made a significant acquisition, and a number of major announcements, at its 'Catstanbul 2025' event in Turkey.
JUP has fallen 2% over the past 24 hours.
The asset manager has added tokens including HYPE, VIRTUAL, ENA and JITO to its list of the top 20 tokens to watch.
Solana (SOL) decentralized finance (DeFi) activity has gained significant momentum, with its decentralized exchanges (DEX) surpassing Ethereum (ETH) DEX in monthly trading volume. So far in November, Solana-based DEXes have recorded over $100 billion in trading volume, marking a major milestone for the ecosystem. Solana DeFi Ecosystem Gains Momentum, Outshines Ethereum DeFi Solana, the fourth-largest cryptocurrency with a reported market cap of $118.34 billion has been on a record-breaking price trajectory. Recently, the digital asset established a new all-time-high (ATH) of $263 after having hit as low as $8 at the peak of the FTX fiasco. Related Reading: Solana (SOL) Bulls Stay in Control: Rally Far From Over? Now, the layer-1 blockchain has achieved another milestone as Solana-based DEXes surpassed $100 billion for the first time in monthly trading volume. According to data from DefiLlama, the 30-day cumulative trading volume recorded by Solana DEXes stands at $116.51 billion. In comparison, Ethereum mainnet-based DEXes saw $61.61 billion in trading volume during the same period. This means Solana’s DEX trading volume was more than double that of Ethereum’s. On a month-over-month (MoM) basis, Solana’s DEX volume surged over 100% from October, which stood at $52.5 billion. Meanwhile, the total value locked (TVL) in Solana’s DeFi ecosystem has increased to $9.30 billion, up from $6.23 billion a month ago. The unprecedented rise in Solana-based DEX trading volume can be attributed to several factors. These include the ongoing memecoin frenzy, the blockchain’s low transaction fees, and an intuitive user interface. It is worth highlighting that Solana’s TVL has yet to surpass its ATH TVL of $10.02 billion, which was recorded almost three years ago in November 2021. In January 2023, the blockchain’s TVL hit a low of $210 million, dragged down by the wider crypto bear market exacerbated by the downfall of FTX exchange. At the time of writing, $3.58 billion of Solana’s TVL is tied to the liquid staking protocol Jito, while Jupiter DEX holds $2.4 billion. Another prominent Solana-based DEX, Raydium, accounts for $2.37 billion of TVL. Where Is SOL Headed? Solana’s growing user adoption has played a crucial role in driving the recovery of its native token, SOL. On a year-to-date (YTD) basis, SOL has gained over 157%, rising from $101 on January 1 to $263 on November 23. Related Reading: Solana Records New ATH After 3 Years: Is SOL Ready To Flip USDT? Despite such extraordinary returns, crypto experts remain bullish on SOL, expecting further gains for the digital asset. According to a recent analysis by Titan of Crypto, SOL may hit $400 as it appears to be breaking out from a prolonged cup-and-handle pattern. Additional bullish factors, such as the declining Bitcoin (BTC) dominance and the rising likelihood of a Solana exchange-traded fund (ETF), could further propel SOL to new highs. SOL trades at $248.31 at press time, up 0.5% in the past 24 hours. Featured image from Unsplash, charts from DefiLlama.com and Tradingview.com
XYO’s native token is now tradable against tokens, including SOL and USDC, on Solana-native decentralized exchanges Jupiter and Raydium.
An uptick in Solana’s network activity and upcoming project launches could send SOL price higher.
The total value locked on Solana has surged, but is this enough to send the SOL price to a new all-time high?
Solana remains one of the top-performing crypto assets over the past year. Even though there is a retracement from the 2024 highs, the coin is still multiples higher than the 2022 lows. Traders are upbeat about what lies ahead, with some convinced the coin will easily break $260 and register all-time highs in the coming months. Like Bitcoin, Ethereum, and other top altcoins like Cardano, SOL faces determined sellers. From the daily chart, SOL is moving sideways in a possible accumulation, considering the current primary trend remains upward. However, on lower time frames, one trader thinks SOL might struggle in the coming few sessions. SOL Holders To Prepare For More Pain? Taking to X has picked out a head and short formation in the hourly chart. Technically, this candlestick pattern is associated with weakness. Of note is that this formation prints when the coin consolidates inside the bear range from July 28 through August 5. Related Reading: HODLing Resurgence? 374,000 Bitcoin Transfer Ignites Crypto Recovery From the daily chart, SOL faces strong resistance at an August 8 high of $162. On the lower end, support is at $142. The sideways movement and fluctuation inside this range have formed a bear flag–another selling signal, especially if sellers of late July and early August press on. In the hourly chart, the immediate resistance is around $150, marking the tip of the head. However, the top of the shoulder is at around $146. Meanwhile, the baseline of this pattern is at $142, coinciding with the critical support in the daily chart. Therefore, reading from the above candlestick formation means that traders should prepare for more pain unless Solana bulls push higher. A break below $142 in the daily chart sets the ball rolling for aggressive sellers targeting June and July lows of around $120. Solana Challenges: Centralization Claims, High Transaction Processing Failure Rate The upside momentum, looking at other developments besides candlestick formation, is fizzling out. Last week, a severe security flaw was discovered and quickly patched. Related Reading: Bitcoin Poised To Reach New All-Time Highs: Expert Dives Into Tether’s Role As The Key The critical vulnerability, analysts said, had the potential to cripple the whole network. What’s concerning is that even considering the severity of the flaw, the Solana Foundation and developers chose a “quiet” fix, calling into question Solana’s decentralization level. Additionally, Solana has been struggling with high transaction processing failures. According to trading data from Jupiter, a top DEX on Solana, only about 35% of all transactions posted go through. A big chunk, or 65% of all transactions, fail. The high failure rate significantly undermines some of the platform’s key selling points, mainly its low fees and high scalability. Feature image from DALLE, chart from TradingView
The firm's Gold & Silver fund made a $2.58 million investment in an XRP ETP, which was later cancelled.
The burn turned out to be a "sell the news event" as traders had already accounted for the purge – and then some.
The Solana-based trading aggregator will test the longevity of the Solana frenzy.
SOL price roared to a 2023 high above $84. Cointelegraph investigates what is behind the rally.