🌙 Solana Soared 35% This Month

Solana's 35% jump this past month is better than all other tokens in the top 20 by total value.

Author

Mike Gavela
July 29, 2024

Crypto Roundup - July 29

Solana's value has soared by 35% this month, driven by institutional investment and retail interest, particularly in response to a surge in memecoin activity on its blockchain. This growth in activity has led Solana's decentralized exchange volume to surpass Ethereum's, highlighting a shift in market dynamics. Concurrently, Donald Trump has declared his intention to hold Bitcoin if re-elected, signaling potential future policies favoring cryptocurrency and challenging current regulatory approaches.

Top Stories:

  • Solana's market rise: Solana has seen a significant 35% price increase, spurred by both institutional and retail investments.

  • Memecoin-driven activity: The recent memecoin boom on Solana's network has pushed its DEX volume above Ethereum's.

  • Trump supports Bitcoin: Former President Trump pledges to hold Bitcoin if re-elected, indicating a possible supportive stance towards cryptocurrencies amidst regulatory scrutiny.

TOP STORIES

Solana has soared 35% this month. Four experts on where it will go next

Solana's 35% jump this past month is better than all other tokens in the top 20 by total value.

www.dlnews.com/articles/markets/why-solana-has-soared-this-and-where-sol-will-go

New memecoin craze propels Solana daily volume to $2bn eclipsing major rivals

Solana recorded frenzied trading activity amid controversy over a new Neiro memecoin that spawned several copycats.

www.dlnews.com/articles/defi/memecoin-neiro-pushes-solana-dex-volume-over-ethereum

Trump courts Bitcoin voters with pledge to create ‘national stockpile’

Courting Bitcoiners, presidential candidate Donald Trump said he wants to create a "strategic national Bitcoin stockpile."

www.dlnews.com/articles/regulation/trump-pledges-to-hodl-bitcoin-if-elected

FUNDRAISING

OTHER HEADLINES

Hong Kong lawmaker follows Trump in proposing Bitcoin reserve

A Hong Kong politician has taken a page out of Donald Trump’s playbook and proposed that the city should start stockpiling crypto.

www.dlnews.com/articles/markets/hong-kong-lawmaker-follows-trump-in-proposing-bitcoin-reserve

Trump Speaks at Bitcoin2024, Says He'll Fire Gary Gensler On Day One - The Defiant

On the final day of Bitcoin2024, Donald Trump claimed he will end Gary Gensler’s rule at the Securities and Exchange Commission (SEC), the notoriously anti-crypto government agency.

thedefiant.io/news/regulation/trump-speaks-at-bitcoin2024-says-he-ll-fire-gary-gensler-on-day-1

United States government holds $12B in Bitcoin — Arkham Intelligence

The United States government holds $12 billion in Bitcoin, making it the country with the largest Bitcoin holdings in the world.

cointelegraph.com/news/united-states-government-12b-bitcoin-arkham-intelligence

CRYPTO TWITTER (X)

SHARE!

Love our newsletter? Share it with your friends, family, colleagues, interns who need to stay on top of the crypto markets! Join over 85,000 investors and crypto degenerates who read Midas Crypto daily!