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Solana is back in the spotlight, frequenting news cycles in a way it hasn’t since the FTX collapse. This renewed interest appears to be stemming from several places: • Institutional investors like Galaxy Digital are significantly increasing their exposure to the network’s native SOL token (as seen in the next section). • Various cross-chain metrics suggest Solana is gaining momentum again after a tough 2023, with Ethereum-based projects like Aave and Curve having migrated to the Solana blockchain as of just this past week. Solana’s decentralized apps (dApps) are raking in the revenues, and its native token is being diligently traded by whales. All’s well in Solana City, and there’s a good chance we’re heading toward a Solana future. For the Solana Layer-1 blockchain, all signs and portents right now point to an increase in user demand for its high-throughput trading capabilities. Galaxy Digital Adds $95M in $SOL Amid Growing Institutional Demand The digital asset investment firm, Galaxy Digital, which is led by Mike Novogratz, seems to be confidently betting on Solana. Just in the past week, the firm has taken off from centralized exchanges about $95 million worth of $SOL, and in the same week, has also taken off from centralized exchanges approximately $40 million worth of $MATIC. Mathematics is not a betting firm. It is a digital asset investment intelligence firm, and its calculations are made with an eye on the coming years, if not decades. The latest development is that Galaxy has taken yet another 123,058 $SOL (worth $17.1 million) from Binance, bringing their total even higher. In fact, this suggests that they see Solana’s ecosystem as something they might derive “long-term” value from—even if the rest of the crypto market remains buffeted by volatility and all the usual macroeconomic uncertainties. The withdrawals’ timing is noteworthy. With Solana priced approximately at $141 during the most recent transaction, it’s clear that Galaxy is investing with serious intent, even as values near the top of the chart for this year. When a respected institution trades like this, it sends a strong message to the rest of the market. Whale Returns to Solana After Strategic $USDC Exit It is not only institutional investors that are confident. One significant stakeholder also made waves when it withdrew 374,161 SOL—worth about $52.78 million—from Binance at around the $141 price point. This was not long after that same stakeholder exited a large position by selling 451,594 SOL for about $51.86 million in USDC at around $115 between April 9 and April 13. This sequence of events denotes a clear and copacetic trading strategy: offload large amounts of an asset at what appears to be a local price peak, and then reaccumulate that same asset at a price that is clearly much lower and likely to rise again soon. The first part of the sequence suggests that the Solana whale is too smart to sell at anything other than a local price peak possibility. While the price is at it, the whale is likely out of the market until he or she sees signs that the price has begun to rise again after having dropped from local peak to local trough. Over $100M Bridged to Solana as dApp Revenue Soars Solana isn’t just rising because investors are interested; it’s also rising because people are using it. In the past week, over $100 million has been crossed to the Solana network from other chains. Of that, more than $50 million came directly from Ethereum, which is notable in itself—but in the last week, Solana has been seeing more than $10 million a day crossed over from Ethereum. Bridged asset supply is nevertheless surging, and the Solana dApp performance is a big reason why. The most significant driver of revenue has been @pumpdotfun, which has managed to reel in an astonishing $12.57 million over the past week. @AxiomExchange is producing similar performance just slightly behind, raking in $8.48 million. And @JupiterExchange continues to churn out appearances in our revenue top three, this time with $4.24 million that puts it in third place. These numbers show not just how users are engaging with Solana but how they’re really doing things that matter economically and happening right on its blockchain. What we see here is the ecosystem bubbling along and doing things together that are mostly legal, for the most part (LOL), and economically productive. This is not an accident. Looking Ahead The gathering together of whales, the buying of institutions, and the increasing on-chain revenues all seem to conspire to create what’s called a Solana hate. Although the market keeps evolving, it promises continued momentum for Solana, which appears not only to be surviving the multichain race but also seems to be leading it. With Galaxy Digital, Solana whales, and a vigorous user base behind it, the network seems primed for another leg up in the months to come. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
DGbet: Betting Reimagined for Everyone
In a world where online betting often feels like a complicated maze, DGbet stands as a refreshing alternative. Gone are the days of endlessly waiting for withdrawals or struggling with complex verification processes, at DGbet, signing up and placing a wager is as easy as peeling a banana! The Freedom to Bet Your Way “We created DGbet with one mission: put bettors first,” explains the DGbet team. This isn’t just marketing talk—it’s built into how our entire platform functions. Be it the transparent display of our statistics, or the instant withdrawals within 60 seconds, our goal is curate the best possible online betting experience! When you place a bet on DGbet, your money remains yours throughout the entire process. No more funds trapped in sportsbook accounts or withdrawal requests that take days to process. Win a bet at 2 PM? The money could be back in your wallet by 2:02 PM. Rewards Beyond Winning What truly sets DGbet apart is its understanding that betting should be rewarding beyond just winning your wager. The platform has introduced innovative features like: Stakeback: Get a percentage of your stake returned—even when you lose Contests: Sports related contests with rewards up to $250K Kickers: Earn additional rewards just for participating Joining Bonus: Place your first bet, 100% risk-free These features have resonated strongly with the betting community, and the impacts cannot be understated. In just its first year, DGbet has attracted over 4,000 active bettors who have collectively placed more than 20,000 bets with a total volume exceeding $6 million . Built For The Love of Betting The most impressive aspect of DGbet is how it removes complexity without sacrificing features. Creating an account takes seconds—sign in with Google or Twitter, and you’re instantly ready to bet. “I was skeptical at first,” says Josh, a DGbet user since 202 4. “I’m not into crypto currency and thought it would be complicated. But it’s actually easier than traditional betting sites. I signed up with my Google account and placed my first bet within minutes.” DGbet handles all the technical aspects behind the scenes, from creating secure wallets to covering transaction fees. For users, this means: No complicated wallet setup No extra fees when placing bets No waiting periods for deposits or withdrawals No personal documentation requirements Join the Revolution As betting evolves, DGbet continues to lead with innovation that puts users first. Whether you’re placing your first bet or your thousandth, the platform offers the same promise: betting that’s fast, fair, and rewarding. Check out DGbet today and experience the future of sports betting—no crypto knowledge required. You can also join our communities here: Twitter : https://x.com/DGbet_official Discord : https://discord.com/invite/VeGrqdNKU5 Instagram : https://www.instagram.com/dgbet_official_/ Telegram : https://t.me/+houlWbnfxt44NTU1 Dune : https://dune.com/dgbet_team/user-stats NullTx
ING to Launch Stablecoin Project Amid New EU Crypto Rules
Dutch multinational banking and financial services company ING is looking into starting a stablecoin initiative. According to sources familiar with the matter , this project may involve a group of banks and crypto service providers. Furthermore, this move follows the recent Markets in Crypto-Assets (MiCA) regulation in Europe, which allows traditional banks to issue regulated digital assets throughout the European Union. Details on ING’s Stablecoin Project MiCA, which has started across the 27 EU countries, aims to create clear rules for issuing and regulating crypto assets, including stablecoins. As such, ING prepares to take advantage of this change, signaling that traditional banks are starting to embrace digital currencies. Meanwhile, reports revealed that the ING stablecoin project is still in its early stages. However, the bank is in talks with other financial institutions and crypto companies to build a collaborative network. If successful, ING’s stablecoin could offer a safe and regulated digital payment method. It might be used for cross-border transactions, online shopping, and financial settlements within the EU. ING’s entry into the European stablecoin market joins Sociéte Générale, a major French bank that has already issued its euro-backed digital currency. This move puts ING in direct competition with Sociéte Générale and could inspire more innovation among European banks. MiCA Reshapes Stablecoin Dynamics in Europe The introduction of MiCA has been a game-changer for the stablecoin ecosystem in Europe. These regulations, governing asset-referenced and electronic money tokens, began their phased rollout in June 2024. As reported by TheCoinRise, euro-dominated trading volumes have consistently exceeded 2023 averages throughout 2024. MiCA-compliant stablecoins now dominate the European market. Circle’s EURC, Sociéte Générale’s EURCV, and Banking Circle’s EURI collectively accounted for 91% of market share by November 2024. This dramatic shift reflects the growing alignment between regulatory compliance and market adoption. Stablecoins Soar Past $200B Milestone Earlier in January, the stablecoin market smashed through the $200 billion mark , a new record that signaled the potential for a crypto rally. Over the past few months, stablecoins have quietly accumulated billions in value, reflecting renewed investor confidence. The explosive growth also highlights stablecoins’ growing role in trading and liquidity. Notably, stablecoins are digital assets designed to maintain a steady value by being pegged to traditional assets, primarily the U.S. dollar. Unlike volatile digital assets, they offer a reliable medium of exchange. Stablecoins are also a haven for traders looking to move between investments without exposure to extreme price swings. The post ING to Launch Stablecoin Project Amid New EU Crypto Rules appeared first on TheCoinrise.com . NullTx
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Bitcoin Surprises Everyone by Surpassing $90,000
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