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News Explorer — Solana and XRP Lead Altcoin Plunge as Market Dives 5%

Generated by AI, curated by humans

May 30, 2:52 pm

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Solana and XRP Lead Altcoin Plunge as Market Dives 5%

Recent fluctuations in the crypto market, with altcoins like XRP and Solana dropping by 4.5% and 5.1% respectively, have been attributed to uncertainty surrounding President Donald Trump's trade tariffs. Bitcoin, on the other hand, has only fallen by 1.6% to $105,370 in the same period, leading to a rise in its dominance to 64.14%.

Recent fluctuations in the crypto market, with altcoins like XRP and Solana dropping by 4.5% and 5.1% respectively, have been attributed to uncertainty surrounding President Donald Trump's trade tariffs. Bitcoin, on the other hand, has only fallen by 1.6% to $105,370 in the same period, leading to a rise in its dominance to 64.14%.

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Jun 17, 3:25 am

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Pump.fun X Account Suspended Alongside Multiple Crypto Trading Accounts

The X account of Solana-based meme coin launchpad Pump.fun was suspended, along with other crypto accounts, without expl... Read Summary

Jun 17, 12:19 am

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Avalanche's Free Battle Pass NFT Now Rewards Players for Exploring Partnered Games

The Avalanche Battle Pass, a free-to-mint NFT, connects games and rewards players for playing partnered games like Off t... Read Summary

Jun 16, 11:55 pm

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Cantor Fitzgerald Sees Major Stock Growth for Public Companies Holding Solana Reserves

Cantor Fitzgerald predicts potential 75% stock price increases for companies holding Solana reserves, such as DFDV, UPXI... Read Summary

Jun 16, 10:06 pm

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JP Morgan's 'JPMD' Trademark Filing Prompts Stablecoin Speculation

JPMorgan Chase has filed a trademark application for a Web3 project called JPMD with the U.S. Patent and Trademark Offic... Read Summary

Jun 16, 9:46 pm

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President Trump Is Raking In Serious Cash From Crypto

Donald Trump's crypto holdings generated over $58 million in revenue in 2024, making it his second largest income source... Read Summary

Jun 16, 9:11 pm

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Is Bitcoin Anti-War? Coinbase Hit With Criticism Over Army Parade Backing

The U.S. Army parade sponsored by Coinbase drew criticism from crypto influencers like Peter Saddington and Adam Cochran... Read Summary

Jun 16, 8:34 pm

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Bybit Launches 'Hybrid' Solana Exchange Called Byreal

Bybit has introduced a new Solana-based exchange, Byreal, which will combine centralized and decentralized liquidity sou... Read Summary

Jun 16, 8:25 pm

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CRCL Is Soaring, But What Happens to USDC Reserves If Circle Goes Bust?

S&P Global analysts emphasize that Circle's IPO and rising stock price have no impact on the stability of its USDC stabl... Read Summary

Jun 16, 8:00 pm

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Treasury Firms Face Risks Stockpiling Coins Other Than Bitcoin: Analyst

Greg Cipolaro, global head of research at NYDIG, warns companies about stockpiling alternative cryptocurrencies for thei... Read Summary

Jun 16, 6:45 pm

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Cantor Praises Solana's Technological Superiority Over Ethereum, Is Bullish on SOL Treasury Firms

Cantor has set price targets for DeFi Development, Sol Strategies, and Upexi, believing Solana's technology surpasses Et... Read Summary

Jun 16, 7:26 pm

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WhiteBIT Token Jumps to New Peak Price Following Crypto Exchange's Juventus Sponsorship

WhiteBIT's token (WBT) hit a new all-time high of $52.27, up over 30% on the day, after sponsoring Juventus. With a $7.45 billion market cap, WBT now ranks among the top 25 crypto assets. Read Summary

Jun 16, 6:53 pm

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Publicly Traded Strategy Banks Another Billion in Bitcoin via 10th Straight Weekly Haul

Strategy, formerly MicroStrategy, purchased $1.08 billion in Bitcoin last week, acquiring 10,100 BTC at an average price... Read Summary

Jun 16, 6:25 pm

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CoinShares Joins Growing Pile of Solana ETF Applicants

CoinShares filed for a Solana exchange-traded fund, tracking SOL's price on Nasdaq. Seven issuers also revised their ETF applications for staking SOL, increasing chances of approval. Read Summary

Jun 16, 5:52 pm

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Markets Wobble Amid Israel-Iran Tensions, But Bitcoin and Ethereum Show Resilience

Traditional assets experienced significant volatility last week due to escalating tensions between Israel and Iran, with... Read Summary

Jun 16, 4:13 pm

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Justin Sun's Tron Planning Nasdaq Listing via Reverse Merger: FT

Tron, founded by Justin Sun, plans to debut on Nasdaq through a reverse merger with theme-park merchandise company SRM E... Read Summary