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Bitcoin dropped to $110,000 as $700 million in crypto longs were wiped out, options markets turned defensive and volatility jumped ahead of U.S. macro data.
One analyst said continued inflows into ETFs may indicate sustained institutional confidence in the underlying assets.
This initiative may create the largest corporate Solana treasury as existing treasuries hold a combined amount of around $650 million.
Eclipse announced on X that Sydney, known as '0xSydney' on X, will take over as CEO following the voluntary departure of Litquidity.
Analysts say the market has moved from capital rotation to a risk-off mode under continued macro uncertainty.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
In February, Hayden Davis admitted he sniped LIBRA memecoins at launch. The token shot up before later crashing in value.
The SEC is seeking public input on whether to approve a staked INJ ETF, setting the stage for its next steps on the proposal.
Sharp Technology's pivot to become a Solana DAT puts it alongside firms like Upexi and DeFi Development Corp.
Dragonfly's Tom Schmidt and Standard Crypto's Alok Vasudev discuss the state of crypto venture, regulation, and consumer apps.