Bitcoin News Today TheBitTimes.com

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A widely followed crypto analyst is suddenly flipping bearish on one red-hot Solana (SOL)-based memecoin. In a new thread, pseudonymous crypto trader Altcoin Sherpa tells his 254,900 followers on X that Pump.Fun (PUMP) may plummet by more than 8% from its current value based on Fibonacci retracement levels, a technical Analysis method used to determine an asset’s support and resistance levels. “PUMP is a great coin, but I’m bearish in the short term. I’m very interested in buying $0.0065 though. Have loads of alerts there.” Source: Altcoin Sherpa/X PUMP is trading at $0.0071 at time of writing, up 173% from its low of $0.0026 on August 28th. The 64th-ranked cryptocurrency by market capitalization is down approximately 11% over the past 24 hours. Next up, the analyst says that he remains bullish on Bitcoin (BTC) and other digital assets despite near-term price volatility. “BTC: choppy price action, slowly pulling back now. Fr...

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The crypto exchange-traded funds (ETFs) market continues to smash records, with unprecedented demand recorded in the past couple of months. Futures-based Solana (SOL) and XRP ETFs, for instance, have seen over $1 billion in total inflows since their debut in March and April, respectively, as suggested by recent data provided by FactSet .  XRP and SOL ETF flows. Source: FactSet  The milestone comes just months after the funds’ debut in the U.S., as speculations about a potential BlackRock XRP ETF continue to mount. Crypto futures ETFs beat all expectations The first U.S. Solana futures ETF was launched by Volatility Shares in March. XRP made its way to the market a month later, with Teucrium’s 2x leveraged fund, followed by Volatility’s non-leveraged futures product in May. In July, both assets saw around $350 million in inflows. Recently, ETF Store president Nate Geraci argued that strong futures demand could lead to BlackRock vying for a share of...

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Pump.fun has lost its crown as the top meme coin launchpad for the first time since January 2024, with LetsBONK overtaking it in the past 24 hours. The upstart platform surged ahead in Solana meme coin activity, taking more than 55% of launchpad market share and recording $532 million in 24-hour volume, according to data from DEX aggregator Jupiter. Pump.fun trailed with 34.7%. Dune Dashboard creator Adam_Tehc said that LetsBONK also led in meme coin launches and graduations. It hosted 18,093 token launches and 204 graduations, or nearly double the 9,535 launches and 58 graduations on Pump.fun. Battle For Meme Coin Launchpad Supremacy Is On Could the rise of LetsBONK signal a changing of the guard in the meme coin launchpad market? Its founder, who goes by the name of SolportTom on X, isn’t taking that for granted just yet. “Still a long road ahead to make sure this is a daily occurrence,” he said. “But the battle is on.” Gap is widening 🫡 ...

The global non-fungible token market has undergone significant changes, shifting from a period of rapid growth and high trading sales volume to a more constant landscape. Even though some NFT collections have maintained relevance and value, many other NFTs have experienced price declines and reduced interest. In this article, we will evaluate in detail the rise of Solana-based NFTs and their sudden fall in recent months. Solana Drops To The 7th Spot In The NFT Market Chart Data compiled by CryptoSlam, one of the leading on-chain crypto market data aggregators and non-fungible token market explorers, shows that Solana, an open-source blockchain network that supports smart contracts, such as non-fungible tokens and a variety of decentralised applications, has plunged in terms of trading sales volume again this month. In the past 30 days, the Solana-based NFT collections have amassed trading sales volume of $30 million. During this time, the Solana NFT sales volume has plunged by 23% fr...

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In recent updates, 1inch is moving forward to enable Bitcoin through DeFi swaps, with Solana integration having been recently introduced and improvement to its Bitcoin capabilities expected soon. But as things are going now, this step addresses the concern of liquidity discrepancies among networks and strives to improve cross-chain functionality for the community. Also Read: Tesla (TSLA) Gains For Third Straight Week: $350 Incoming? Bitcoin’s Role in 1inch DeFi Swaps, Solana Integration, and Cross-Chain Growth Source: Watcher Guru Solana Integration Expands Cross-Chain Capabilities By bringing in Solana, 1inch makes another giant stride towards fulfilling its stated plans to expand into the cross-chain functionality. Now that Solana’s fast, efficient Blockchain is open to users of 1inch, the scalability issue in decentralized finance has seen significant improvement, and results are on the table. Sergej Kunz, Co-Founder of 1inch, stated: “We’re excited to announce the ...

The world of cryptocurrency is evolving at a rapid pace, delivering new horizons to the market to target and aim at. Presently, Solana and Cardano are top contenders eyeing real-world tokenization in a new trending development. The world of blockchain is now embracing a new thought, a new arena where trading US stocks on blockchain could soon become a reality. Also Read: Top 3 Cryptocurrencies You Could Watch This Weekend Solana for US Stock Trading? Source: BestFlag Per a recent Bloomberg report, Robinhood is eyeing the Solana and Arbitrum chains to bring US stock trading to European nations. The report further states how this venture will likely be launched in a partnership with the digital asset firm, people familiar with the matter told Bloomberg. The sources further shared how Solana and Arbitrum are two top contenders being considered to onboard this new change, revolutionizing the RWA expansion within the cryptocurrency domain. The discussions are currently in the preliminary st...

The Solana (SOL) competitor Sui briefly ticked up in price on Thursday after news broke that the crypto exchange-traded fund (ETF) provider 21Shares filed for a spot SUI ETF in the US. SUI was trading around $3.56 prior to the announcement and jumped to a high of $3.75 a few hours later, an increase of more than 5%. The 13th-ranked crypto asset by market cap has since retraced and is trading at $3.57 at time of writing. Duncan Moir, president of 21Shares, says the Sui ETF filing, which is subject to approval from the U.S. Securities and Exchange Commission (SEC), reflects consumer demand and the firm’s belief in the project. “Since our earliest research into Sui, we believed it could become one of the most exciting blockchains in the industry, and we’re seeing that thesis play out.” The crypto asset manager Canary Capital has also filed for a SUI ETF. The SEC is currently mulling more than 70 applications for various crypto exchange-traded prod...