🌙 Solana ATH

Solana (SOL) is climbing toward its $300 target, driven by surging network activity and record-breaking blockchain metrics.

Author

Mike Gavela
November 22, 2024

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Crypto Roundup - November 22

Recent developments in the cryptocurrency sector highlight significant market movements and political engagements. Solana (SOL) achieved a new all-time high of $260, marking a 1,111-day interval since its previous peak. This surge is attributed to increased activity in memecoins and strategic acquisitions, such as Galaxy Trading's purchase of SOL tokens from the FTX estate. Simultaneously, Bitcoin's price rally has propelled spot Bitcoin ETFs to unprecedented levels, with substantial inflows reflecting heightened investor interest. In the political arena, the cryptocurrency industry is poised to continue its substantial financial contributions into the midterm elections, aiming to influence regulatory outcomes favorable to digital assets.

Top Stories

  • Solana reaches new all-time high: SOL's price hits $260, surpassing its previous peak after 1,111 days.

  • Bitcoin's rally boosts ETFs: Spot Bitcoin ETFs experience record inflows amid Bitcoin's price surge.

  • Crypto industry to influence midterms: Significant financial contributions expected to shape favorable regulatory outcomes.

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TOP STORIES

Solana’s all-time high by the numbers

Today we’re bringing you some interesting data to recap Solana’s landmark day.

blockworks.co/news/tracking-solana-all-time-highs

Bitcoin’s Rally Sends Bitcoin Spot ETFs Soaring - "The Defiant"

The latest Bitcoin rally has sent U.S. Bitcoin spot exchange-traded funds (ETFs) soaring. The asset class recently hit a new milestone, reaching $100 billion in assets amid Bitcoin’s price surge.

thedefiant.io/news/markets/bitcoin-s-rally-sends-bitcoin-spot-etfs-soaring

Crypto’s lobbying machine isn’t done yet. Here’s why it’s raised another $78m

Crypto built a campaign finance juggernaut ahead of the 2024 election. And it’s just getting started.

www.dlnews.com/articles/regulation/cryptos-money-machine-will-continue-into-midterm-elections

FUNDRAISING

Lnfi Network closed a pre-seed round to reconstruct DeFi on the Bitcoin Lightning Network.

Driven by a vision to unlock the transformative potential of Taproot Assets and advance the future of DeFi on the Bitcoin Lightning…

lnfinetwork.medium.com/lnfi-network-closed-a-pre-seed-round-to-reconstruct-defi-on-the-bitcoin-lightning-network-79b15f96e17e

OTHER HEADLINES

Basejump will launch social gaming platform with AI-powered game creator

Basejump unveiled its social gaming platform with an AI-powered gaming substrate dubbed Action that lets players create their own games.

venturebeat.com/games/basejump-will-launch-social-gaming-platform-with-ai-powered-game-creator

Bitcoin Going to $140K Says Trio of AIs Managing $30M Investment Fund

Intelligent Alpha’s investment committee is composed of three AIs and the fund's CEO tries to stay out of their way.

www.coindesk.com/markets/2024/11/22/bitcoin-going-to-140k-say-trio-of-ais-managing-30m-investment-fund

Changes at the SEC start well ahead of Inauguration Day

One federal judge's rulings this week found that the SEC had overstepped its authority and must vacate the Dealer Rule.

blockworks.co/news/sec-departures-regulation-changes

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