Category: Cryptocurrency News

Bitcoin ETF outflows are just one headwind for bulls as a BTC price drop to $80,000 becomes a genuine risk, says Bravos Research.

Can anyone please tell me how to reliably calculate the network fee at any given time? I've used etherscan gas tracker and used the current gwei to calculate the price, but it is out by a factor of 100 from what I am quoted by CoinBase. 21000 * 8 = 168000 = 0.000168 ETH =…
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There is growing excitement from cryptocurrency investors as Solana finally was able to get out of a slump, gathering more momentum for a robust comeback in the new year. SOL clawed its way back above the critical level of $202, signaling the resurgence of one of the crypto market’s most popular digital assets. Related Reading: Wealth Mentor Predicts XRP Path To $100 – Should You Invest Now? SOL Price Rebounds Analysts are seeing that Solana is off to a good start as the virtual coin opened the new year with a price uptick, raising market optimism over the crypto. SOL experienced an 10% surge in its price on January 2, opening 2025 on a positive note. Market observers also noted that Solana continues its dominance over Ethereum on year-to-date performance. At the time of writing, SOL was trading 209.22, up 3.5% in the last 24 hours, and soaring 10% in weekly timeframe. Data shows the price hike happened after a brief consolidation for the altcoin. During the day, the crypto reached a high of $209.35, nearing the $210 mark, while recording a low of $188, which some analysts said was a reflection of the regaining investors’ confidence and optimism on the digital asset. What’s Next For Solana? Market observers explained that Solana hitting $208 per coin is a significant achievement for the virtual asset, saying that the price increase allowed the crypto to break the resistance level of $202. This milestone is seen by analysts as a crucial step for the ongoing recovery of the SOL crypto and in propelling it to attain further gains. Related Reading: XRP’s Path To $15: A Look At Historical Price Alignments After the $202 level, many analysts see the next goal for the crypto is clawing way back to $220, a critical level that SOL needs to surpass so it can reclaim its loss glory at $245 per coin. If Solana is triumphant in getting back to the $245 level, analysts believe it “would enable Solana to recover most of its recent losses, reinforcing its bullish outlook and boosting investor sentiment.” Excitement About SOL ETF The regained investors’ confidence in Solana is being attributed by some analysts to the growing excitement of a possible Solana exchange-traded fund. Many crypto investors are anticipating that the US Securities and Exchange Commission (SEC) will approve the Solana exchange-traded fund this year, a milestone that some traders believe would drive the price of the coin up. Some traders are speculating that the SEC would give the green light to Solana exchange-traded fund as early as July 31, 2025, a rumor which is gaining traction. Even the Polymarket platform said that there is a 65% probability that the ETF would get the approval, up from the previous 50% approval likelihood prediction. Featured image from Chainalysis, chart from TradingView

Binance has become a pioneering cryptocurrency exchange in Brazil following the approval of its acquisition of Sim;paul Investimentos, a securities brokerage platform. With this acquisition, Binance can now offer a full range of investment options, including securities, stocks, and funds for Brazilian customers. Binance Gets Greenlight For Sim;paul Investimentos Acquisition in Brazil Binance, one of […]

A pseudonymous security researcher identified a critical vulnerability in Virtuals Protocol’s audited contract, prompting an urgent fix.

Popular Solana-based Launchpad Pump.fun started 2025 with a record-breaking $15 million daily revenue amid the ongoing frenzy surrounding memecoins. The sector continues to be the best-performing narrative of the cycle, driving millions into the hands of investors. Related Reading: Altcoins To Explode In Early 2025: Analyst Says “Grand Finale” Is Around The Corner Pump.Fun Sees Record-Breaking Daily Revenue Memecoins have been this cycle’s largest narrative, with Solana-based tokens stealing the spotlight throughout 2024. This trend is seemingly set to continue this year after Solana’s launchpad Pump.fun saw a record-breaking performance on January 1st, 2025. Last year, Pump.fun cemented itself as the most popular token launcher for simplifying the creation of memecoins and facilitating token deployment. During Q3 2024, the launchpad surpassed Ethereum and most Solana protocols, doubling the fees and revenue of these projects. The remarkable success of Pump.fun saw the creation of several competitors, including the Tron-based SunPump and multi-chain platform GraFun. Despite being banned in the UK in December, the launchpad’s performance remained steady, recording a daily revenue between $2 million and $3 million throughout the month. As of this writing, the platform has deployed 5.39 million tokens since its launch and generated over 2.02 million SOL in revenue, worth $418.7 million at current prices. Moreover, the Solana launchpad started 2025 with a new record-breaking day, surpassing its previous milestone. According to Dune Analytics data, Pump.fun registered 72,506 SOL, around $15 million, in daily revenue this Wednesday. This performance represents a nearly 30% increase from the 55,000 SOL recorded in late November. Additionally, the launchpad continued to dominate Solana decentralized exchange (DEX) transactions last month. Dune data shows that Pump.fun-related transactions accounted for 52.8% of all SOL DEX transactions in December. Memecoin Mania Continues Despite Criticism The platform’s success has also brought heavy criticism. At the end of 2024, Pump.fun received criticism after several users broadcasted harmful and violent content using its Livestream feature. In late November, users created numerous memecoins using controversial prompts to become viral and pump their tokens. The trend started after a 12-year-old livestreamed himself rugging a memecoin. Amid the livestream chaos, the Solana launchpad registered its largest revenue day, recording 55,832 SOL, worth around $11 million, in a single day. However, the incident resulted in backlash from the crypto community and the temporary shutdown of the feature. Moreover, on-chain data analysis firm Lookonchain reported that Pump.fun deposited over 355,608 SOL to Kraken during the last day. This brings the total tokens sent to the exchange to 1,564,064 SOL and the amount sold to 264,373 SOL for 41.64 million USDC. The platform’s transfers and sell-offs have also received significant backlash, with community members driving comparisons between the Solana-based launchpad and the Ethereum Foundation. Related Reading: Bitcoin Retests $95,000 Amid 4.2% Surge, Is A New Year Rebound Coming? Nonetheless, the memecoin narrative continues to dominate the crypto market, with the “Solana Meme” category on CoinGecko recording a 12.5% increase to a market capitalization of $20.9 billion in the last 24 hours, suggesting that the trend is likely to extend. Newer players like ai16z (AI16Z) and Fartcoin (FARTCOIN) saw an 8.9% and 43.7% daily surge to hit new all-time highs (ATHs) on January 2nd. Ultimately, these relatively new tokens have stolen the sector’s spotlight, making it to the top 10 memecoin list in record time. Featured Image from Unsplash.com, Chart from TradingView.com

Kucoin’s launch of Kucoin Pay aims to drive retail crypto adoption by enabling seamless, borderless payments, lowering fees, and expanding merchant reach through digital currencies. Kucoin Launches Kucoin Pay to Boost Retail Crypto Adoption Cryptocurrency adoption in retail is gaining momentum as crypto exchange Kucoin announced on Thursday the launch of Kucoin Pay, a new […]

Welcome to the Ethfinance Daily General Discussion on r/ethereum https://imgur.com/3y7vezP Please use this thread to discuss Ethereum topics, news, events, and even price! Price discussion posted elsewhere in the subreddit will continue to be removed. As always, be constructive. Subreddit Rules Want to stake? Learn more at r/ethstaker Ethfinance Ethereum Community Links Discord – EV…
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On Thursday, as the broader cryptocurrency market showed signs of recovery, Solana (SOL), one of the leading altcoins, surged past the $200 mark, reflecting an 8% increase over the past 24 hours.  This upward momentum brings the sixth-largest cryptocurrency by market capitalization closer to its all-time high achieved in November 2024. However, market experts caution that Solana may face significant pressure in the coming days. A Double-Edged Sword For Solana Investors Ben Lilly, a market analyst at Jarvis Labs, recently highlighted potential risks tied to the “Grayscale Effect.” In a social media post, he warned that the upcoming Grayscale SOL tokens unlock could create substantial selling pressure on the altcoin.  Related Reading: Dogecoin Price Confirms Breakout: Analyst Sets New Price Targets Grayscale, a prominent digital asset management company, enforces a policy to protect assets for 12 months following acquisition. As the two major unlocking periods near—January 24 to February 2 and July 24 to August 7—Lilly warns that investors should stay alert. The mechanics of the Grayscale Trust are similar to those seen in the past with the Grayscale Bitcoin Trust (GBTC). In that case, investors would purchase Bitcoin (BTC) through Grayscale, which would hold the assets for a period before issuing shares.  This created a premium, where the shares traded at a higher price than the actual Bitcoin price, leading to significant market rallies.  However, when that premium disappeared, it marked the peak of the market in 2021, resulting in a cascade of failures for firms like Three Arrows Capital, BlockFi, Celsius, and Voyager. Potential Price Drop Ahead For SOL’s Price Lilly points out that Grayscale is now executing a comparable strategy with Solana, and the upcoming unlocks could mirror the past volatility seen in the crypto market.  The analyst notes that previous large purchases of SOL tokens saw private placements unlocked from late July 2024, during which the price dropped by 40% in just ten days.  The concern is that the same trend may emerge with the January 2025 unlocks, potentially leading to a significant sell-off. The analysis suggests that when investors who benefited from the premium in the past go to sell their holdings, they may flood the market, creating downward pressure on the SOL price.  Related Reading: XRP Price Targets $13 After Completing Highest Candle Body Close In History – Details Lilly recommends that Solana holders consider selling in advance of the January 24 unlock date, as this could mark a critical turning point for the asset. While the Grayscale Trust for Solana is relatively small compared to the overall market cap of SOL, the potential impact on price cannot be overlooked.  According to Lilly’s analysis, historical trends indicate that even small unlocks can significantly influence market behavior. He reassures that while the upcoming sell pressure may not lead to catastrophic losses, it could result in local tops and a decrease in premiums. As of this writing, SOL is priced at $205, decreasing slightly more than 20% from its peak of $263 attained on November 24 last year. Featured image from DALL-E, chart from TradingView.com