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Solana’s price fell to a 14-month low after a 20% crash, but with the RSI in the oversold zone and investor support intact, the altcoin may be poised for a recovery.
Bitcoin has dropped below the $75,000 mark, signaling a bearish phase. However, futures data and positive funding rates suggest market optimism persists despite the dip.
Bitcoin has faced a steep decline below $80,000, wiping out $25 billion in gains. The altcoin's recovery depends on holding key support and overcoming bearish market sentiment.
Altcoins may see major volatility this week with over $328 million worth of tokens set to be released in the market.
Quick Take Teucrium Investment Advisors LLC is launching a leveraged XRP ETF on Tuesday, which is the first XRP-based ETF in the U.S. market. Multiple U.S. issuers have filed for spot XRP ETFs, which are still being reviewed by the SEC. One analyst said the likelihood of spot XRP ETFs being approved this year has grown, but demand for such funds remains uncertain.
- 06:30Ripple RLUSD Stablecoin Grows by $76 Million on Aave in Four DaysOdaily reports that according to official data, Ripple's RLUSD stablecoin has reached a deposit volume of $76 million just four days after being launched on the Aave V3 Ethereum Core market. RLUSD was integrated into Aave on April 21, supporting users in deposits and lending, showing rapid early adoption. The RLUSD is backed 1:1 by USD reserves and government bonds, emphasizing compliance and transparency, aiming to revolutionize cross-border payments through stablecoins, and enhancing its application in DeFi and traditional finance.
- 06:30Pum.fun transferred 117,913 SOL to CEX in the last 2 hours, totaling 3.09 million SOLOdaily reported that Pump.fun deposited 117,913 SOL (worth approximately $18.26 million) into CEX in the past 2 hours. So far, Pump.fun has transferred a total of 3.09 million SOL to CEX (total value approximately $575 million, average price $186 each), and sold 264,373 SOL at $158 each, exchanging for 41.64 million USDC.
- 06:29Data: A wallet theft address transferred approximately $1.08 million worth of ETH to an address starting with 0x474According to a report by Jinse, five hours ago, monitored by Scam Sniffer, a wallet theft fee address transferred 600 ETH to an address starting with 0x474, approximately worth $1.08 million.