Solana News: Solana Powers Kalshi, Latest TradFi Giant Dips Into SOL

3 weeks ago 18

Crypto remains connected borderline aft Bitcoin slipped beneath $90K (again), turning past period into BTC’s second-worst November since 2019 owed to its -17% slide.

https://twitter.com/coinbureau/status/1995002330023170295

Bitcoin slid to $86,800 aft China doubled down connected its crypto ban, with altcoins getting the crisp extremity of the stick.

https://twitter.com/Cointelegraph/status/1995259836422832515

The result? Massive liquidations, with much than $900 cardinal wiped distant from traders owed to bladed liquidity.

https://twitter.com/KobeissiLetter/status/1995517305657467040

https://twitter.com/KobeissiLetter/status/1995300000197169520

Solana’s apical ecosystem tokens are a mixed bag, with Basic Attention Token (BAT) enjoying an 18% play gain. Overall, the sector’s marketplace headdress took a 5% haircut to $174 cardinal portion trading measurement slumped 8% to $14.5 billion.

Source: CoinMarketCap

Solana is planting its roots successful the increasing prediction markets portion SOL holds connected to its organization appeal.

Vanguard is yet letting clients commercialized funds with Solana exposure, marking a large displacement for a steadfast that antecedently rejected crypto products.

https://twitter.com/WuBlockchain/status/1995610827458838961

Cantor Fitzgerald’s latest SEC filing shows its archetypal involvement successful a regulated Solana ETF, signaling increasing Wall Street information successful SOL exposure. The steadfast reported 58,000 shares of the SOLZ ETF.

https://twitter.com/martypartymusic/status/1995605959205683242

Kalshi is bringing its prediction markets on-chain by launching tokenized lawsuit contracts connected Solana. Users tin present commercialized everything from elections to sports straight connected the blockchain.

https://twitter.com/Kalshi/status/1995585557930672473

SOL ended the week down 6% aft slumping to $128. But sentiment tin flip arsenic President Donald Trump prepares to marque a large announcement astatine 7 p.m. UTC.

https://twitter.com/Whale___SOLL/status/1995808499591180475

Source: CoinMarketCap

Solana took a mild deed aft its 22-day ETF inflow streak was breached by $TSOL’s outflows.

https://twitter.com/SolanaFloor/status/1994119908788195659

Solana’s full worth locked (TVL) successful DeFi took different sound aft it fell 6% to $8.5 billion, but it inactive maintains its 2nd position.

Source: DeFiLlama

Degens were clicking those bargain and merchantability buttons arsenic the DEX measurement roseate 6%, portion the 30-day cumulative fig stands astatine $103 billion.