
May 2nd, 2025
Bitcoin holds the losses at $42,000 as investors await the approval of spot Bitcoin ETF which is around the corner. The level of interest in Bitcoin post the ETF approval remains uncertain.
Following a spike in demand, Solana has canceled some orders of Saga mobile phones due to shortages. Demand rose due to the free 30 million BONK tokens that come with the phone.
During the recent rapid surge in Solana’s value, significant players appear to have been offloading their holdings.
The overall crypto market cap was close the $1.7 trillion mark on Wednesday, signaling that more money might be flowing into the crypto industry.
The price of SOL has continued its upward movement, bearing the $80 level and taking XRP’s position as the fifth-largest crypto.
Analysts at Messari also have high hopes for SOL. The digital asset has recently made a resurgence after the FTX collapse, prompting massive selloffs of the token.
Elastos aims to use BeL2 to allow users to stake their Bitcoin holdings directly on the service.
The sixth largest cryptocurrency Solana (SOL) has all chances to enter the Top 5.
Despite the fervor in memecoin trading, some trading firms suggest that recent market movements do not indicate an imminent correction in the short term.
The Saga phone comes with extra benefits, including a complimentary month of access to Helium Mobile and a free toy. Moreover, apps on Saga’s dApp Store offer special benefits and rewards for Saga holders.
In response to the overwhelming demand, Solana Mobile announced that the phone will be restricted to one device per household to ensure broader community participation in the Saga experience.
The 25 billion BONK tokens airdropped to Solana developers last year are now worth over $600,000 after the meme token has rallied in the last few months.
With a history of backing successful ventures like Cosmos, Solana, and Polkadot, Cyber.Fund aims to foster the development of what it terms the “cybernetic economy”, where blockchain forms the foundation.
Binance has officially listed the BONK token with limited trading pairs, and will allow users to withdraw the tokens from tomorrow.
Although the price spikes following the Fed announcement cleared recent bearish drawdowns and provided support levels, uncertainty remains over the sustainability of the increases.