Unpacking Solana’s surge in the shadow of Bitcoin rally
Unpacking Solana’s surge in the shadow of Bitcoin rallyThe significant growth in TVL, driven largely by Marinade Finance, highlights Solana's potential, but also raises questions about its reliance on a few major protocols.
Happy Wednesday!The global crypto market cap is $1.28 trillion, with a 24-hour volume of $41.78 billion. The price of Bitcoin is $34,497.76, and BTC market dominance is 52.8%. The price of Ethereum is $1,799.18, and ETH market dominance is 17.0%. The best-performing sector is Communication, which gained 16%. The Crypto Fear & Greed Index is currently Greed (66). Top News
Unpacking Solana’s surge in the shadow of Bitcoin rallyThe significant growth in TVL, driven largely by Marinade Finance, highlights Solana's potential, but also raises questions about its reliance on a few major protocols. Join us at Newconomics 2023, Nov. 14-15, in LisbonAd: A new event is launching on the fringe of the Web Summit in Lisbon this year, highlighting the future of work on the blockchain. HUMAN Protocol, the decentralized, automated solution to work, is hosting Newconomics so that technologists, business people, and the curious can learn how the blockchain can work in a host of new applications. Grayscale’s GBTC paradox: Performance at a discountPersistent discount on Grayscale Bitcoin Trust could suggest growing market desire for a U.S. spot Bitcoin ETF. Bernstein anticipates $150k Bitcoin by 2025Bernstein noted that Bitcoin prices have historically risen in sync with halvings and expects the flagship crypto to hit a high of $150,000 by 2025. 🚀 Elevate Your Crypto Journey: T2T2 Launches on Bitget!
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More NewsSBF Trial Day 15 – SBF pleads not guilty to all charges as defense rests its caseThe day's proceedings revolved around scrutinizing SBF's relationship with the Bahamian government, handling customer funds, and transparency issues. Microsoft, Siemens announce AI copilot for industrial automationMicrosoft announced the two companies 'will work together to build additional copilots for manufacturing, infrastructure, transportation, and healthcare industries.' Sam Bankman-Fried claims to have overlooked $8B ‘bug’ in last day of testimonySam Bankman-Fried took the stand one last time during his criminal fraud trial in New York to deny wrongdoing. SEC missed a step with its crypto safeguarding rule, U.S. government watchdog saysThe accountability office said the securities agency failed to submit necessary reports. Invesco and Galaxy spot Bitcoin ETF ticker seen on DTCC listDTCC said an appearance on its website does not guarantee an SEC approval.
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X has lost more than half its value since Elon Musk bought it last year
Tuesday, October 31, 2023
Musk originally purchased the company for more than $44 billion in October 2022; today that valuation sits at $19 billion.
VanEck’s amended Bitcoin ETF filing reveals unique seeding approach as BTC approaches $35K
Monday, October 30, 2023
VanEck amended filing shows that the asset manager wants to seed its proposed ETF with Bitcoin.
Is Bitcoin decoupling from traditional assets?
Sunday, October 29, 2023
In this market report, we explore how Bitcoin's decoupling from traditional financial benchmarks like the S&P 500 and gold could signal a new era of investment diversification.
SBF Trial – Week 4 concludes with SBF telling jury he was blindsided by $8B shortfall
Saturday, October 28, 2023
Almost the entirety of the day was dedicated to SBF's testimony, which gave the courtroom further insights into the inner workings of FTX and Alameda from his perspective.
SBF Trial – Prosecution no longer expects early conclusion after SBF decides to testify
Thursday, October 26, 2023
The prosecution, which previously expected the case to reach a head by Oct. 30, believes the case will now take much longer to conclude due to the complications arising from SBF's testimony.
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