
June 18th, 2025
Bitcoin has fallen below $40k despite the SEC’s approval of spot ETFs, with the Grayscale ETF losing more than $2 billion since then.
The heightened volatility has triggered the liquidation of almost $30 million worth of leveraged Bitcoin positions.
Bitcoin price has suffered short-term bearish sentiments since the approval and listing of spot BTC ETFs in the United States, thus paving the way for the much-anticipated altcoin season.
It remains unclear whether the app will cover any tokens that are not Solana-based.
While it is too early to speculate on the long-term success of the device, it is worth noting that it has seen more demand than the Saga.
Solana, like many tokens, saw a price dip in the aftermath of the FTX collapse and the crypto winter but seems to be on the road to recovery.
The partnership is expected to reduce the risk of loss linked to liquidations when trader’s positions are undercollateralized.
The correlation between WIF’s rally and Solana’s positive movement suggests a potential symbiotic relationship, where the success of one influences the other.
While Franklin Templeton expressed enthusiasm for Solana, Ethereum, and Bitcoin, the firm indicated that it is actively monitoring other layer-1 blockchains with massive potential.
While the success of Saga created a speculative frenzy, Solana Mobile faces challenges such as supply constraints and the volatile nature of the crypto market.
Solana Mobile plans to significantly reduce the price to make the smartphone more competitive and affordable compared to Saga.
SUI has demonstrated an impressive surge over the last couple of days, taking the token’s price to a new ATH.
OpenSea NFT marketplace is currently developing a 2.0 upgrade to enable users to seamlessly track digital collectibles from different blockchains.
In addition to the increasing developer activity on the Solana network, SOL has shown signs of recovery after a recent period of struggle.
The frenzy began when the Solana network gained more attention, and the Bonk token rallied for several weeks, leading to its listings on major exchanges such as Binance and Coinbase.