CRYPTO

Authored by Zoltan Vardai via CoinTelegraph.com,

Rug pulls and insider schemes involving Solana-based memecoins are driving investor outflows and a decline in capital inflows, as confidence in the sector deteriorates.

The rate of monthly capital inflow into Solana and Solana’s MEME index turned to a monthly negative of -5.9%, according to a Glassnode chart shared with Cointelegraph.

Market: top asset realized cap percent change, 30-days. Source: Glassnode (more…)

Authored by Marie Poteriaieva via CoinTelegraph.com,

The Solana-Ethereum blockchain duel has never been more exciting to watch. While the ambitious newcomer showcases its high speed, user-friendliness, and low fees, the revered incumbent still boasts the most developed ecosystem among smart contract platforms.

Market reactions vary widely. Some analysts expect Solana to continue outperforming Ethereum in terms of user activity and DApp revenues, which could drive SOL’s price (more…)

Bitcoin briefly entered a bear market earlier, tumbling 21% over seven sessions before staging a sharp rebound in early European trading – up 7.5% off its lows of about $78.4k. 

The turnaround was partially fueled by BlackRock, the world's largest asset manager, after news hit via Bloomberg that it enabled its entire model portfolio business to allocate funds into the iShares Bitcoin Trust ETF (IBIT).

"We believe Bitcoin has long-term investment merit and can potentially (more…)