The Solana DePIN project is launching a new service that allows businesses to contribute to the Helium Network with just Wi-Fi and without having to buy new equipment.
BTC bulls need to overcome the 161.8% Fib extension, the so-called golden ratio.
Solana’s DEX ecosystem has had a very active month, fueled by a spike in new token listings, surging volume, and PumpSwap’s growing grip over trading flows. While SOL retreated to just below $180 after peaking above $205, the spike in activity across DEXs suggests that the retail-driven memecoin wave primarily powered the turnover. However, the […]
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Also: Linea Upgrades, Solana Internet Capital Markets Roadmap and Square Begins BTC Payments.
After a relatively quiet week for altcoins, XRP, Dogecoin, and Shiba Inu received a fresh wave of attention thanks to a major update from Gemini. The US-based crypto exchange announced that it is now officially allowing these three tokens, as well as Bitcoin Cash and Solana, as cross-collateral assets for its derivatives platform. Major Boost For XRP, Dogecoin, And Shiba Inu Gemini’s decision allows XRP, DOGE, and SHIB holders to use their tokens as collateral for GUSD-settled perpetual contracts, a feature that was previously limited to BTC, ETH, USDT, and Gemini stablecoin GUSD. All five newly supported tokens come with varying collateral “haircuts,” meaning only a portion of their value is counted toward margin requirements. XRP and Solana each have a 15% haircut, while Dogecoin and Shiba Inu face a more severe 30% haircut due to their higher volatility profiles. Related Reading: XRP Price Set To Teleport As Major Financial Players Tap In — Opportunity Window Closing Fast Gemini has made it easier for users to trade derivatives using a broader range of holdings by bringing these newer assets into the fold. This move not only deepens the utility of these cryptocurrencies but also opens up new use cases for traders who want to leverage their holdings in perpetual contracts without converting to stablecoins. It’s a particularly meaningful step for XRP, which has been working to strengthen its institutional appeal and global payments utility. The move is also beneficial for meme coins Dogecoin and Shiba Inu, which are seeing increasing demand outside of the meme coin niche. This expansion also shows a larger trend in crypto derivatives. Many crypto exchanges, especially those in the US, are increasingly opening their doors to altcoins. It is also a drastic turnaround from the state of the crypto market some years back. For nearly three years, XRP was delisted or unavailable on most US-based trading platforms due to the legal battle between Ripple and the US Securities and Exchange Commission. It wasn’t until July 2023, following Judge Analisa Torres’s partial ruling that XRP was not a security when sold on exchanges, that the token began to make its return to major US platforms, including Gemini. Price Action Trending Downwards At the time of writing, XRP is trading around $3.13, a 1.4% decline from the previous day but still holding within its recent range between $3.06 and $3.18. Dogecoin is trading at $0.2226, with modest intraday movement after failing to sustain its push above $0.23. The king of meme coins is down by 3.2% and 14.2% in the past 24 hours and seven days, respectively. Related Reading: Dogecoin Price Breaks Above $0.26 In Weekend Rally As Pundit Predicts 2,600% Surge Shiba Inu, meanwhile, is trading at $0.000013, also down by about 4% in the past 24 hours and over 13% in the past seven days. Nonetheless, many analysts still maintain a bullish long-term outlook for these cryptocurrencies. Forecast models project that Dogecoin could climb to $1 in the current bull cycle, while SHIB is expected to reach at least $0.000045. XRP’s trajectory is even more ambitious among many crypto analysts, with price targets ranging from $9 to $10 if adoption momentum continues and pending US Spot ETF applications finally receive approval from the SEC. Featured image from iStock, chart from Tradingview.com
DoubleZero’s new 3 million SOL stake pool, DZSOL, aims to decentralize Solana validator infrastructure by offering access to its high-speed fiber network.
Coinbase’s Layer 2 network, Base, has emerged as the leading blockchain for daily token creation, surpassing Solana for the first time since 2023. This shift is primarily driven by Zora, a protocol that enables users to turn digital content into tradable tokens. Base flips Solana According to data compiled by Sealaunch on Dune Analytics, Base […]
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SOL still leads XRP in terms of futures open interest on Kraken and other exchanges.
Solana co-founder Anatoly Yakovenko is facing backlash from the crypto community over his comments about meme coins and non-fungible tokens (NFTs). Yakovenko made these remarks against these tokens despite his network being home to most of the top meme coins by market capitalization. Crypto Community Reacts To Solana Founder’s Comments The crypto community criticized Anatoly Yakovenko following his X post, in which he described meme coins and NFTs as “digital slop” and ones that have no intrinsic value. The Solana founder added that, like a mobile game loot box, people spend $150 billion a year on mobile gaming, in reference to his ideology about meme coins and NFTs. Related Reading: These Two Bearish Scenarios Put Solana Price At $162 After Fakeout Crypto marketer Anastasiia Bobeshko described the Solana founder’s comments as being funny, considering the traction that memes have brought into the Solana ecosystem. She further noted that the network made $1.6 billion in the first half of 2025 thanks to these meme coins. Another member of the crypto community, Ethereum developer Hanniabu, had earlier echoed a similar sentiment, suggesting that the network would be nothing without meme coins. Null, a member of the BONK community, declared that the Solana network would have never been where it is today without meme coins. Yakavenko replied sarcastically, saying, “Absolutely. Without lootboxes, iOS would have negligible revenues for Apple.” Meanwhile, Crypto community member Art Chick asked the Solana founder if he had a problem with memecoin traders spending $150 billion a year on his chain, but they don’t see it as mobile gaming. Yakovenko responded and alluded to an earlier reply in which he explained that what is important is the need to monitor data, fix problems, use snipers, and work towards sandwich-resistant market implementations. Difference Between Solana and Base Meme Coins It is worth noting that the Solana founder’s comment about meme coins stemmed from when he criticized a comment from Base’s lead developer Jesse Pollak, who suggested that Zora meme coins (which are Base tokens) are more valuable than those from Solana’s Pump.fun. In response, Yakovenko asked Pollak if Zora coins have any claims on future cash flows from creators, something which Pump.fun has. Related Reading: Top Meme Coins Stealing The Spotlight As Bitcoin Price Hits $118,000 ATH Pollak then clarified that each coin’s value depends on their fundamentals, which is why he believes that not all meme coins are the same. However, the Solana founder doesn’t believe meme coins as a whole have any “intrinsic value.” Despite his comment, these meme coins, especially the top ones like Fartcoin, BONK, PENGU, and TRUMP, continue to contribute to a significant amount of the daily trading volume on the network. Notably, the Solana price surged to a new all-time high (ATH) of $294 in January, around the time the TRUMP meme coin first launched. SOL witnessed a significant surge in its demand at the time, with investors requiring the altcoin to purchase the meme coin. At the time of writing, the Solana price is trading at around $183, down over 5% in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com
BTC's Bollinger bands are now at their tightest since February.
The Nasdaq-listed firm funded the acquisition by its $5 billion standing equity line of credit facility.
The U.S. Securities and Exchange Commission (SEC) postponed its decision on Grayscale’s Solana Trust ETF, setting a new deadline of October 10, 2025. The delay allows more time to review the fund’s proposed listing on NYSE Arca amid rising spot crypto ETF applications and regulatory changes. Industry experts view it as a routine step. The …
Upexi adds $500 million in flexible capital through a new equity line agreement, giving it more firepower to scale its SOL holdings and staking strategy.
Anatoly Yakovenko, co-founder of the Solana blockchain, has described memecoins and NFTs as “digital slop,” even as the network continues to benefit massively from the hype surrounding these assets. In a July 28 post on X, Yakovenko argued that memecoins and NFTs lack inherent value. He compared them to loot boxes in mobile games, which […]
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Solana Labs CEO Anatoly Yakovenko stirred up heat this week by calling memecoins and NFTs “digital slop” with no real value. He made the remark on X as part of a back‑and‑forth with Base creator Jesse Pollak. Related Reading: Bitcoin’s New Clock: How Wall Street Killed The Old Cycle, According To Expert Yakovenko compared these tokens to loot boxes in free‑to‑play mobile games. His blunt take has drawn both praise and criticism from across the crypto world. Memecoins Face Harsh Words Yakovenko said he’s held this view since at least January 2024. He argued that the price people pay is all that gives these tokens any worth. Pollak shot back, saying that the content itself—like a painting hanging in a museum—carries its own value, no matter what you charge to see it. The debate has put a spotlight on how far Solana’s growth relies on the very things its leader dismisses. I’ve said this for years. Memecoins and NFTs are digital slop and have no intrinsic value. Like a mobile game loot box. People spend $150b a year on mobile gaming. — toly ???????? (@aeyakovenko) July 27, 2025 Solana Revenue Tied To ‘Slop’ According to Solana‑focused infrastructure firm Syndica, memecoins made up 62% of the network’s decentralized app revenue in June. That figure helped push Solana’s take to about $1.6 billion in the first half of 2025. Big chunks of that money came from Pump.fun’s launchpad and PumpSwap’s DEX aggregator. Yet Yakovenko said Apple’s loot boxes drive revenue for the App Store in much the same way—profitable but seen by many as exploitative. the content itself is valuable. ads are a way to monetize that value. but the content itself is valuable. just like a painting is fundamentally valuable, regardless of whether you charge people at the museum to see it. — jesse.base.eth (@jessepollak) July 27, 2025 Community Pushback Builds Critics have been quick to call him out. X user “Caps,” who writes for Flaunch, accused Yakovenko of mocking his own user base. Another commentator, Karbon, said he finds this stance “distasteful,” pointing out that Yakovenko promotes memecoins all the time, even while claiming they’re worthless. The clash has fans and skeptics debating whether it’s fair to scorn a market that’s so clearly feeding Solana’s growth. Competition Heats Up Meanwhile, a rival memecoin launchpad called LetBonk has been eating into Pump.fun’s lead. At various points, LetBonk even topped Pump.fun in 24‑hour revenue. Related Reading: Want Bitcoin Or Ether Exposure? Advisors Are Quietly Using Treasury Stocks—CEO This shows that users are ready to chase the next big token wherever it pops up. For Solana, it means more money in the short run but also more risk of instability if the hype shifts elsewhere. Featured image from iDrop News, chart from TradingView
BTC's positive dealer gamma at $120K is likely adding to consolidation, with key charts indicating severe uptrend exhaustion.
Upexi can now sell up to $500 million of its common stock to fund general corporate expenses and SOL token purchases.
Solana started a fresh increase above the $188 zone. SOL price is now consolidating gains and might aim for more gains above the $200 zone. SOL price started a fresh upward move above the $180 and $185 levels against the US Dollar. The price is now trading above $188 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $190 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $200 resistance zone. Solana Price Gains Momentum Solana price started a decent increase after it found support near the $175 zone, like Bitcoin and Ethereum. SOL climbed above the $180 level to enter a short-term positive zone. The price even smashed the $185 resistance. The bulls were able to push the price above the 50% Fib retracement level of the downward move from the $206 swing high to the $175 low. There is also a key bullish trend line forming with support at $190 on the hourly chart of the SOL/USD pair. Solana is now trading above $190 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $195 level. It is close to the 61.8% Fib retracement level of the downward move from the $206 swing high to the $175 low. The next major resistance is near the $198 level. The main resistance could be $200. A successful close above the $200 resistance zone could set the pace for another steady increase. The next key resistance is $212. Any more gains might send the price toward the $225 level. Are Downsides Limited In SOL? If SOL fails to rise above the $200 resistance, it could start another decline. Initial support on the downside is near the $190 zone and the trend line. The first major support is near the $188 level. A break below the $188 level might send the price toward the $184 support zone. If there is a close below the $184 support, the price could decline toward the $175 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $190 and $188. Major Resistance Levels – $195 and $200.
Bitcoin's dominance lost a key level, and confirmation could ignite a broader altcoin season, a Coinbase analyst noted.
BitMEX co-founder and crypto investor, Arthur Hayes, has outlined the key catalysts that could drive the Ethereum price to a $10,000 all-time high by year-end. In a detailed market analysis, Hayes explains how expanding US credit policies, growing institutional interests, and a shift toward wartime economic strategies could create the ideal conditions for a major ETH price rally. Ethereum Price Set To Hit $10,000 By Year End On July 23, Hayes published an in-depth report on Substack, analyzing geopolitical trends and how they could create the ideal conditions for a major Ethereum price surge. The crypto founder has set a bold target of $10,000 for ETH by the end of 2025, attributing the future rally to macroeconomic shifts and increasing institutional appetite. Related Reading: This Ethereum Descending Broadening Wedge Pattern Looks Similar To 2019-2020, Here’s What Happened Last Time Hayes believes that as the US leans further into wartime economic policies under President Donald Trump’s reign, a wave of credit expansion could be unleashed—fueling “asset bubbles,” particularly in crypto. According to the BitMEX co-founder, Ethereum could benefit most from this environment. While Bitcoin remains the crypto reserve asset, Hayes notes that ETH has been largely overlooked since Solana’s explosive rebound post-FTX. However, he asserts that the tides are turning, especially among Western institutional investors who are starting to favor Ethereum-based assets. The crypto founder pointed to growing confidence in Ethereum from financial influencers like Tom Lee and a renewed interest in DeFi ecosystems as early signs of a potential breakout. Hayes’ venture capital firm, Maelstrom, is now also fully committed to ETH and the broader ERC-20 ecosystem. He has declared that the next ”Ether bull run” is imminent, forecasting a 176.3% rise from ETH’s current price of $3,619. Alongside his $10,000 Ethereum target, the crypto founder projected that Bitcoin could skyrocket to $250,000 before the end of the year. ETH Rally Tied To US Economic And Wartime Developments In his report, Hayes seemingly connects Ethereum’s upside potential to a broader macroeconomic narrative rooted in fiscal policy and geopolitical conflict. He argues that the US is shifting toward a form of state-sponsored capitalism or economic fascism designed to fuel wartime production. Related Reading: Ethereum ATH Above $4,800? Here’s How High It Will Go If 2021 Repeats According to the crypto founder, this strategy encourages banks to lend freely to companies without government-guaranteed profits. He noted that when the fiat supply increases without a corresponding rise in raw materials or labor, inflation becomes unavoidable. To manage this, he suggests the government may need to blow bubbles in non-essential assets like crypto, to absorb excess credit without destabilizing essentials like food or housing. Furthermore, Hayes believes that just as Ethereum stands to benefit from this environment, stablecoins may play a key role in building it. As the crypto market cap grows, so does the amount stored in stablecoins, most of which are reinvested into US Treasury bills. For instance, if the market cap of crypto hits $100 trillion by 2026, the BitMEX co-founder predicts that stablecoins could indirectly fund trillions in government debt, ultimately making crypto an integral player in sustaining wartime fiscal policies. Featured image from iStock, chart from Tradingview.com
Solana is treading on thin ice as it tests a crucial support zone between $175 and $177, a range that could decide its next big move. After a sharp rejection near $190, selling pressure is mounting, raising the stakes for bulls trying to defend this key area. Momentum Fades: Solana Slips Below Key Moving Averages According to GemXBT in a recent post, Solana (SOL) is currently trending downward, showing signs of sustained bearish pressure. The price has slipped below critical short-term moving averages such as the 20 MA, 10 MA, and 5 MA, suggesting that sellers are firmly in control for now. This breakdown below key technical levels is often seen as a precursor to further downside, especially when not accompanied by strong bullish reversals. Related Reading: Solana Becomes The Talk Of Social Media As Price Hits $200 At present, the immediate key support level is around $175. If this support holds, there could be a chance for a technical bounce, particularly as the RSI is now sitting in the oversold zone. Historically, oversold RSI levels can signal potential reversals or at least a short-term pause in selling pressure. However, traders are watching closely for confirmation before expecting a recovery, especially with resistance looming near $190. Adding to the bearish picture, the MACD remains below the signal line, reinforcing negative sentiment in the market and downside pressure. Until SOL can reclaim the broken moving averages and flip $190 into support, the technical outlook leans cautious, with the potential for continued volatility. Key Support Retest: Can $175–$177 Hold The Line? In a recent post on X, AlgoCats shared insights from the Solana daily chart, highlighting a critical price zone. The analyst pointed out that SOL is currently testing the $175–$177 support range, an area that once served as resistance and is now being re-evaluated as a potential floor. This zone has become a key battleground between bulls and bears in the short term. Related Reading: These Two Bearish Scenarios Put Solana Price At $162 After Fakeout AlgoCats also drew attention to a notable upper wick on the latest daily candle, which extended into the $189–$190 region before facing a sharp rejection. This wick suggests heavy selling pressure at those higher levels, likely due to long liquidations and the presence of a significant supply zone. Such price action often reflects a lack of buying strength and the presence of aggressive sellers. Now, the focus shifts to whether the $175–$177 support can withstand the ongoing bearish momentum. According to AlgoCats, how SOL behaves around this zone will determine the next move. If support holds, a bounce is possible, but if it breaks, the market may see further downside pressure in the near term. Featured image from Adobe Stock, chart from Tradingview.com
In an interview hosted by Kyle Chassé, Bitwise Chief Investment Officer Matt Hougan and Bloomberg ETF analyst James Seyffart weighed in which spot ETF could attract more inflows– XRP or Solana–if approved on the same day. Both concluded that the initial wave of capital would likely favor XRP, even as longer‑term asset accumulation could tilt toward Solana. XRP or Solana: Which Spot ETF Will Dominate? Seyffart grounded his view in the performance of existing derivative‑based products. “We did have, we had a kind of a situation like this where we had futures Solana ETFs and leverage futures or derivatives based ETFs that have exposure to Solana launched before the XRP versions. And the XRP versions have got more assets and flows than the Solana version,” he said. While cautioning that “derivatives based products are nowhere near as high in the list of demand for investors as the spot products would be,” he cited that precedent alongside the strength of XRP’s retail community. According to Seyffart, a “pseudo spot product from Rex Osprey that went through a whole bunch of loopholes and end arounds to try and get exposure to spot Solana with staking” has also “done very well,” but not enough to alter his near‑term ranking. Related Reading: Analyst Reveals The Real Reason XRP Price Crashed Yesterday “I think in the near term, I would bet on XRP, but over the long term, I’d probably bet on Sol getting more assets,” Seyffart continued, pointing to mass‑market familiarity with XRP narratives—“anyone I know who doesn’t really know this space at all…they like XRP. They think it’s gonna be the backend settlement system for all banks”—and the persistent volume of XRP‑related discussion across TikTok, Reddit and other social platforms. “The ground game is unreal,” he said, before adding that institutional conversations skew differently: “From an institutional point of view…there seems to be a lot more serious people looking at Solana…definitely I lean Solana or Ethereum from my point of view.” Hougan concurred with the sequencing. “I actually agree. I think XRP would do better out of the gate,” he said, emphasizing that the intensity of a committed minority, rather than broad sentiment, drives day‑one ETF flows. “I think the average opinion of Solana is better than it is for XRP across crypto investors, but that’s not who buys the ETF on day one. It’s the passion, right?” Related Reading: XRP Whales Move $759M In Token: What Are They Up To? Recounting his experience at an XRP‑focused event, he underscored the depth of that base: “I went to an XRP conference in Vegas on a Saturday. There were 1,200 people in the room. Every seat was taken. That’s crazy…There is an army of people who are really passionate about XRP, and I think it would do exceptionally well out of the gate. It doesn’t matter, again, that 90% of people hate it. What matters is 10% of people love it.” Hougan added that Solana’s eventual trajectory would depend on its “narrative transition,” suggesting a shifting storyline around the network could influence timing-sensitive allocations. “If Solana is ripping…it would do well,” he said. “But my base case out of the gate would be XRP, at least for the first few months.” Taken together, the analysts’ assessments outline a bifurcated path: an early surge in XRP spot ETF inflows propelled by a highly mobilized retail constituency, followed by a potential reversion in which Solana, benefiting from deeper institutional engagement and evolving narratives, could surpass XRP in total assets over time. At press time, XRP traded at $3.06. Featured image created with DALL.E, chart from TradingView.com
The fund is the first and only crypto ETF so far to offer staking rewards to U.S. investors, according to an announcement on Thursday.
The roadmap was coauthored from key leaders of the Solana ecosystem and centers on ‘Application-Controlled Execution’
Traders are ramping up expectations for Fed rate cuts in 2026, which supports the bull case in BTC; however, the bond yield differential suggests JPY strength ahead.
The new proposal, SIMD-0286, suggests raising the per-block compute limit from 60 million to 100 million compute units.
Solana developers have increased the network’s block limit from 50 million to 60 million compute units (CUs), marking a move to support higher transaction volumes and improve overall performance. Helius Labs CEO Mert Mumtaz announced the update on July 23, representing a 20% expansion in block capacity. According to Mumtaz, compute units on Solana function […]
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Thursday's drop in major tokens is likely led by the unwinding of leveraged bullish positions rather than new bearish plays.
Solana developers proposed SIMD‑0286 to raise block capacity to 100 million compute units, a 66% hike that targets more throughput for dapps and users.
Solana has activated the SIMD-0256 proposal, raising the network’s block limit to 60 million Compute Units (CU) on the mainnet. Compute Units, comparable to Ethereum’s Gas, determine block processing capacity. This upgrade is designed to support higher transaction throughput and more complex applications. Developers anticipate further expansion, with block space possibly growing to 100 million …