The proposal, introduced by pseudonymous developer cavemanloverboy, aims to increase the amount of SOL burned by introducing a new base fee for every transaction. This might make Solana’s network issuance deflationary during periods of very high activity, according to some estimations. Proposed Solana Tokenomics Might Make SOL Deflationary Solana developer cavemanloverboy has introduced a proposal […]
As Hyperliquid (HYPE) reaches new all-time highs (ATHs), Arthur Hayes has bet six figures that the token will continue to rally and outperform Solana (SOL) in the coming months. Related Reading: Bitcoin Trend That Has Held For 15 Years Shows When To Expect The Bottom And When $400,000 Will Happen Arthur Hayes Doubles Down On Hyperliquid On Sunday, BitMEX co-founder Arthur Hayes reaffirmed his bullish outlook for Hyperliquid, affirming that the token will outperform the leading cryptocurrencies by market capitalization. In an X post, he asked long-time Solana believer and Chairman of Forward Industries, Kyle Samani, to do “a gentleman’s charitable bet” on which token would have the best performance by the end of the year. “I put $100k on the line to a charity of your choice that HYPE outperforms any other current top ten crypto in USD terms from now until year end. Who is your champion?” Hayes stated. Samani accepted the deal, choosing Solana as HYPE’s competitor. Notably, the Forward I
Solana failed to settle above $84 and trimmed most gains. SOL price is now consolidating losses above $78 and might continue to move down. SOL price started a fresh decline below $82 and $81.20 against the US Dollar. The price is now trading below $81.20 and the 100-hourly simple moving average. There is a bearish trend line forming with resistance at $82.00 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could start a recovery wave if the bulls defend $78.80 or $78.00. Solana Price Dips From $84 Solana price failed to remain stable above $83.20 and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $82 and $81.50 levels. The bears even pushed the price toward $80. A low was formed at $79.01, and the price is now consolidating losses. There was a break above the 38.2% Fib retracement level of the downward move from the $83.26 swing high to the $79.01 low. Solana is now trading below $81.20 and the 100-hourly simple moving average. On
LAB defied serious insider-dealing and tokenomics allegations to hit a new all-time high of $16.23 on June 1, pushing its year-to-date gains past 12,000%. New All-Time Highs for LAB On June 1, LAB, the token of an AI trading terminal project, jumped to a new all-time high of $16.23, a more than 100% gain from […]
XRP, Solana (SOL), and Cardano (ADA) are among the few cryptocurrencies that analysts believe could be significantly impacted by the upcoming CLARITY Act crypto bill. Recent updates show that the bill is still moving through the approval process, with a Senate vote expected this June. If the legislation is passed, it could mark a major […]
Kalshi files to list XRP, SOL, ETH, and DOGE perpetual futures as its regulated US crypto derivatives push expands beyond Bitcoin.
The post Kalshi moves beyond Bitcoin with XRP, SOL, ETH, and DOGE perps filing appeared first on Crypto Briefing.
Japan’s ruling party has called for the creation of the long-awaited rules for crypto exchange-traded funds (ETFs) and promotion of yen-denominated stablecoins in the region in a new proposal to the government. Related Reading: Crypto Founder Predicts This Altcoin Sweetheart Will Overtake Solana, But How Far Will It Go? Japan’s Ruling Party Pushes For Crypto […]
Phoenix's mobile trading innovation could significantly enhance user engagement and reshape Solana's DeFi landscape by increasing accessibility.
The post Phoenix launches mobile trading for Solana users, no app download required appeared first on Crypto Briefing.
