Crypto News Sentiment

Updated: 24 days and 4 hours ago

Crypto surges: Solana DeFi hits record TVL, Ether ETFs see massive inflows, and Dogecoin eyes parabolic run. However, Spain's crypto tax is confusing, XRP ETF decision is delayed, and Ethereum experiences validator exodus and losing momentum.
Positive news

Solana DeFi Total Value Locked Hits $8 Billion Record

Solana’s DeFi ecosystem saw a 30.4% quarter-over-quarter increase in total value locked (TVL), reaching $8.6 billion. This growth positioned Solana as the second-largest network in DeFi TVL, though challenges were present during the quarter.

Ethereum ETFs See Strong Institutional Inflows

Ethereum ETFs attracted significant institutional capital, surpassing previous yearly trends. BitMine’s investments highlighted the growing institutional interest and market visibility for Ethereum.

Ether ETFs Set Records with $2.9B Weekly Inflows

Ether ETFs recorded $2.9 billion in weekly inflows, marking a record $17 billion in trading volume. This influx, alongside strong inflows for Bitcoin and other assets, indicates rising institutional demand in the crypto market.

Cardano (ADA) Price: Triangle Squeeze Could Trigger Breakout

Cardano (ADA) is coiling within a symmetrical triangle, with potential breakout targets at $0.80 or $1.10. Despite facing resistance at $1.15, strong long-term holder confidence suggests steady adoption.

500% Parabolic Dogecoin Run Possible, Analyst Claims

Dogecoin is seen as a prime candidate for a major upward move, potentially reaching a 500% rally from current levels. Analysts frame DOGE as a top-10 laggard ready for a significant price increase.

USD.AI Launches with $13.4 Million Series A Funding

USD.AI, a stablecoin and AI credit platform, secured a $13.4 million Series A investment. This funding aims to bolster the platform’s capabilities and market presence.

Solana Breaks 100,000 TPS in Stress Test

Solana achieved a brief 100,000 transactions per second (TPS) in a stress test, although real-world usage averages 1,050 TPS. The Alpenglow upgrade aims to reduce block finality significantly.

Fear in the Market, But Opportunity in Presales

Despite a downturn in the broader market, investors are looking at presales for MAGACOIN FINANCE, NEAR, and AVAX. These projects are catching investor attention amid market volatility.

Shiba Inu Support Levels Could Trigger Major Bounce

Shiba Inu (SHIB) is holding support levels at $0.00

Negative news

Spain’s Cryptocurrency Taxation Laws Cause Surprises

Unclear Spanish cryptocurrency tax laws have led to traders facing unexpected tax charges, highlighting the need for clearer regulations.

SEC Extends Decision on XRP ETFs

The U.S. Securities and Exchange Commission delays decisions on XRP exchange-traded funds until October, indicating ongoing scrutiny of new financial products.

XRP Price Struggles Below $3.10

XRP's price continues to fall below $3.10, showing a bearish trend and increasing risks of further losses, according to recent market analysis.

Ethereum Loses Momentum Near All-Time High

Ethereum's price has declined after nearing its all-time high, prompting analysts to warn of potential market shakeout and a possible correction.

Solana Falls Below Support

Solana's price has dropped below the $185 support level, indicating potential for further decline as the bears gain strength.

Ethereum Experiences Largest Validator Exodus

Over 910,000 ETH, valued at nearly $3.9 billion, is queued for withdrawal from Ethereum's proof-of-stake network, marking the highest-ever number of coins lined up for exit.

Cardano Faces Selling Pressure

Cardano's ADA token is under selling pressure, trading near $0.91 with key support at $0.84, as on-chain data shows heavy losses and capitulation among holders.

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