The post Solana Eyes $100 After Breaking BTC Downtrend appeared on BitcoinEthereumNews.com.
Solana trades near $80 as SOL/BTC breaks a year-long downtrend, with $84.78 resistance and $100 target in focus. Solana traded near $80.79 after gaining 0.58% over the past 24 hours. The move came as buyers returned after weeks of heavy selling. The token also showed strength against Bitcoin after breaking a year-long downtrend. Analyst Michaël van de Poppe said SOL remains in an uptrend against BTC. Institutional inflows, stronger network activity, and improving chart signals supported the recovery. Traders are now watching whether SOL can move toward the $100 level. Solana Stabilizes After Heavy Selling Solana traded near $83 on February 17, according to CoinMarketCap data. The weekly move was mostly flat, but it marked a steadier close after steep losses. The token had weakened for several weeks before buyers returned near lower price levels. The Solana ecosystem also showed a rise in total
The post ETH Outperforms BTC As Investors Turn Attention Toward TradFi Adoption appeared on BitcoinEthereumNews.com.
Key takeaways: BitMine’s aggressive ETH accumulation has reinforced the $1,500 support despite $8B unrealized losses. Glamsterdam upgrade and Robinhood Chain launch signal stronger TradFi focus for Ethereum’s base layer. Ether (ETH) price rallied 15% in five days, distancing itself from the $1,500 low hit on June 26. Part of the improvement in investor sentiment can be pinned to the final tests on Ethereum’s Glamsterdam upgrade, targeted for later in 2026. Moreover, BitMine Immersion Technologies’ continued Ether accumulation helped strengthen the support level. Will $2,000 come next? Total crypto capitalization/USD (left) vs. ETH/USD (right). Source: TradingView Ether outperformed the total crypto market capitalization by 7% over the past 30 days. Some excitement came from optimism about the passage of the Digital Assets CLARITY Act, a bill that has faced several hurdle
The post New Hampshire Bitcoin Bond Nears Final Vote, But There is a Catch appeared on BitcoinEthereumNews.com.
New Hampshire’s Executive Council is holding a public hearing this Wednesday on $100 million in bonds financing private Bitcoin (BTC) purchases. Approval would clear the last governmental hurdle for the first municipal bond collateralized by Bitcoin. However, Bitcoin’s winter drawdown cut its price by more than half. This deal enters mandatory liquidation after a roughly 12.5% slide. That gap, rather than the vote, may decide how the experiment ends. Bitcoin Price Performance. Source: BeinCrypto New Hampshire Bitcoin Bond Takes the Conduit Route The New Hampshire Business Finance Authority (BFA) requested the hearing under state statute RSA 162-I. Executive Director James Key-Wallace asked Governor Kelly Ayotte and the five-member council to determine whether the project is feasible and beneficial. If approved, the BFA will issue taxable conduit revenue bonds, meaning the sta
The post Tim Draper Rejects Claims of Moving $62M Bitcoin as Transfer Report Surfaces appeared on BitcoinEthereumNews.com.
Key Insights: • Tim Draper denies moving Bitcoin after $62M transfer report.• He reaffirms $250K Bitcoin target within one year forecast.• Dave Portnoy said he is losing millions as Bitcoin falls. A report from blockchain analytics platform Lookonchain linked a wallet possibly tied to billionaire investor Tim Draper to a transfer of 1,000 Bitcoin (BTC) worth about $61.82 million to Coinbase Prime. The movement drew attention across the crypto market. However, Draper denied moving any Bitcoin and said he has not touched his holdings. The development comes as separate commentary from Dave Portnoy highlighted ongoing losses in Bitcoin trading activity. Tim Draper Moves Bitcoin | Source: Lookonchain, X Lookonchain Flags Large Bitcoin Transfer to Coinbase Prime The report from Lookonchain stated that a wallet possibly connected to Tim Draper sent 1,000 Bitcoin to Coinba
The post Could Polymarket’s $6.5mln lawsuit reshape prediction-market disputes? appeared on BitcoinEthereumNews.com.
Two Polymarket traders, William Wood and Thomas Bush, have sued the prediction market platform for breach of contract. The dispute is linked to the market tracking whether Strategy would sell Bitcoin by May. Per the filing, Wood and Bush held the ‘Yes’ share of the binary market, betting that Strategy would sell BTC by the 31st of May. Indeed, the firm confirmed it sold 32 BTC in a SEC filing between 26th and 31st May. Instead of resolving the market to ‘Yes’ based on the disclosure, the platform added new language and concluded it was a ‘No’ after a final review by UMA vote. For Wood and Bush, this was a breach of contract. Source: Polymarket Plaintiffs allege Polymarket breached contract The plaintiffs, represented by Burwick Law, noted that Polymarket posted new “clarifying” language after the disclosure. The question was now reframed from whether Strategy sold Bit
The post Solana’s $8.7B RWA surge shows tokenized assets are finally starting to move appeared on BitcoinEthereumNews.com.
Solana’s real-world asset transfer volume more than doubled over the past month, giving the network a stronger signal that tokenized assets are beginning to circulate rather than sit on-chain after issuance. RWA.xyz showed Solana’s RWA 30-day transfer volume at $8.68 billion as of July 6, up 105.76% from 30 days earlier. Distributed asset value rose 36.27% over the same period to $3.48 billion. Solana’s own data showed a similar increase in turnover in a related market. The network said tokenized asset spot volume across decentralized exchanges grew from $2.69 billion in the first quarter to $5.7 billion in the second quarter. A year earlier, the figure was near zero. Solana Tokenized Asset Spot Volume (Source: Blockworks) Those figures are becoming more important as tokenization moves beyond early pilots. A tokenized fund share, equity wrapper or cash-equivalent i
The post European Giant Clearstream Adds XRP and Other Tokens to Custody Offering: Full List appeared on BitcoinEthereumNews.com.
Clearstream, the major European post-trade services provider and subsidiary of the Deutsche Börse Group, has expanded its cryptocurrency custody footprint. The firm has announced the addition of a roster of new cryptocurrencies, including the Ripple-linked XRP, Stellar (XLM), Cardano (ADA), Solana (SOL), Litecoin (LTC), and Avalanche (AVAX). These new digital assets join Bitcoin (BTC) and Ether (ETH). According to the firm, this expansion caters to the growing demand for MiCA-compliant (Markets in Crypto-Assets) digital assets within institutional finance. European Giant Clearstream Adds XRP and Other Tokens to Custody Offering: Full List Ripple Exec: Washington Can’t Ignore Crypto Initial entry into crypto Clearstream is one of the world’s largest settlement and custody firms. It provides infrastructure securities across 60 different markets. In early 20
The post Bonk Price Slides After $20M DAO Attack Hits Solana Memecoin appeared on BitcoinEthereumNews.com.
Key Insights Bonk Price dropped after a DAO treasury attack. BonkDAO blamed a malicious governance proposal. Bonk crypto faced pressure as memecoin demand weakened. Bonk Price fell after BonkDAO reported that an unknown entity drained treasury tokens through governance. The attack hit the Solana-based memecoin project and forced the team to contact law enforcement. The move added pressure on bonk crypto during a weak period for memecoins. Traders reacted because the exploit targeted governance, not only wallet or exchange security. Bonk Price Reacts To Treasury Drain Bonk Inu said on X that BonkDAO detected a malicious governance proposal behind the treasury loss. The project said it worked with law enforcement to recover funds and identify responsible parties. Source: Bonk Inu CoinMarketCap data showed BONK traded near $0.000004 after dropping 7.89% over the past 24 hours. The mo
The post Bitcoin Futures Demand Turns Positive While a $63B Cash Problem Won’t Budge appeared on BitcoinEthereumNews.com.
Bitcoin futures demand flips positive as CryptoQuant flags a bull setup, but exchange stablecoin reserves near $63.2B say the cash to fund it keeps leaving. The cash sitting on exchanges keeps thinning out. That would normally end the conversation. Bitcoin futures demand apparently decided otherwise. Futures positioning for BTC has flipped positive, according to a CryptoQuant QuickTake published this week. The shift came from a sharp burst of upward pressure in derivatives, the analyst wrote, arguing the market sits on the verge of a real bull run. Bold call. Spot demand is still slightly negative. Source: CryptoQuant The $63 Billion Question Hanging Over Exchanges A separate CryptoQuant analysis is far less convinced. ERC-20 stablecoin reserves across all exchanges have slipped to roughly $63.2 billion. The 100-day moving average has rolled over too, meaning the bu
