Solana News Update: Institutional Trust Fuels $250 Million USDC Growth on Solana’s High-Performance Network
- Circle mints 250M USDC on Solana, reflecting institutional confidence in its scalability and utility. - Solana's TVL surges to $11.83B as DeFi growth and Fidelity's ETF approvals drive institutional adoption. - Infrastructure upgrades like Gemini's 4% SOL rewards and cross-chain USDt/XAUT boost liquidity and RWA integration. - Analysts project SOL could reach $230–$500, fueled by bullish technical indicators and Fidelity's $16T assets. - U.S. and Hong Kong ETF approvals position Solana as a regulated dig
Circle has issued an extra 250 million
Solana’s Total Value Locked (TVL) has climbed to $11.83 billion, showing a rise in user involvement in decentralized finance (DeFi) and tokenized asset platforms, as reported by
Further infrastructure advancements are driving institutional interest in the blockchain. Gemini’s introduction of a credit card that gives 4% instant rewards in
Forecasts for Solana (SOL) indicate that its upward trend may persist. The token recently traded above $204, supported by a rising trendline and a Relative Strength Index (RSI) of 52, signaling positive momentum, according to FXStreet. Technical experts predict that if SOL closes above the 50-day EMA at $202.88, it could rally toward $230. More optimistic projections, ranging from $320 to $500, are based on a weekly ascending triangle pattern and the possibility of Fidelity’s $16 trillion in assets bringing additional liquidity, analysts told BeInCrypto.
The approval of Solana ETFs in key markets has further fueled adoption. The 21Shares Solana Spot ETF in the U.S. and Hong Kong’s inaugural Solana ETF have established the blockchain as a regulated digital asset center, strengthening its reputation among international investors, according to CryptoNews. These advancements, together with Solana’s low fees and high transaction capacity, make it a compelling choice for RWA trading and DeFi development.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin News Update: Crypto Market Surges as US-China Agreement Eases Supply Chain Pressures
- U.S.-China trade deal suspends sanctions expansion and rare-earth export controls, easing global market tensions and boosting crypto markets with Bitcoin rising 1.59%. - India secures six-month sanctions waiver for Chabahar Port operations, enhancing regional trade routes while U.S.-China cooperation on blockchain/AI regulation gains momentum. - Analysts warn of fragile truce vulnerability, citing October's $200B crypto crash triggered by tariff threats, as Trump-Xi summit faces pressure to deliver concr
Bitcoin Updates: Lombard’s BTC.b Initiative Bridges DeFi Shortcomings Left by Major Centralized Players
- Lombard Finance acquires BTC.b from Ava Labs to expand Bitcoin DeFi offerings, transitioning infrastructure while retaining Avalanche integrations. - BTC.b, valued at $502M, integrates with Aave and BENQI, complementing Lombard's $1.3B LBTC token to offer yield and non-yield bitcoin assets across chains. - The $2.1T bitcoin market has less than 1% onchain activity, with BTC.b's permissionless minting and MegaETH launch aiming to bridge liquidity gaps left by centralized alternatives. - The internally neg
Bitcoin News Update: Hyperliquid Faces $21 Million Liquidation, Highlighting Dangers of Leverage in Unstable Crypto Markets
- Crypto markets saw $1.134B in 24-hour liquidations, led by BTC-USD position closures as leverage risks intensified. - Hyperliquid's $21.43M BTC liquidation highlighted platform's role in volatile trading, outpacing Bybit and Binance. - Fed Chair Powell's caution against rate cuts and Trump's fentanyl tariff deal triggered renewed crypto selling pressure. - Bitcoin's "death cross" pattern and $470M ETF outflows signal bearish momentum amid leveraged position fragility.
Human Insight Unlocks Digital Safe in $6 Million Cryptocurrency Confiscation
- Australian police seized $6M in crypto by decoding a tampered 24-word seed phrase manipulated by a suspect. - A data scientist identified human-generated numerical anomalies, revealing the original phrase to unlock the wallet. - The breakthrough followed a suspect's refusal to cooperate, enabling authorities to confiscate funds and pursue further investigations. - The case highlights Australia's intensified crypto crime focus, with recent regulatory actions and Operation Kraken's $6.1M seizures. - It und
Trending news
MoreCrypto prices
More
