📈SOL Soars To All-Time High
GM Defiers!
SOL rallied to a fresh all-time high of $263. The milestone comes as the SEC is rumored to be discussing Solana ETF applications with prospective issuers. Activity continues to soar on the network as well, but some observers warn Solana could soon suffer from congestion.
Veteran Layer 1s are soaring as Bitcoin trades around $99,000. Today’s top gainers are Stellar, Ripple, and Cardano.
The crypto community is rejoicing after the SEC’s despised Dealer Rule was struck down by a Texas court. The judge found that the rule exceeded the SEC’s regulatory jurisdiction.
President-elect Donald Trump reportedly wants to create the first-ever crypto role at the White House.
Also, CHILLGUY surges despite legal threats, and Kraken’s perps volume spikes.
✍️ In today’s newsletter:
- SOL tags new highs amid ETF rumors
- Vintage Layer 1s soar
- Solana’s soaring activity threatens congestion
- Court turfs SEC Dealer Rule
- Trump is believed to be plotting Crypto Czar appointment
- CHILLGUY sparks TikTok memecoin craze
- Kraken hosts record perps volume for SOL and DOGE
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📈 Markets in the last 24 hrs:
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👀SEC Reportedly in Talks Over Solana Spot ETF
The SEC is rumored to be in discussions with prospective Solana ETF issuers. The news appeared to propel SOL to a new all-time high of $263.
🚀Veteran Layer 1s Lead Rally as Bitcoin Hovers at $99,000
Established Layer 1 blockchains are leading the rally as BTC, ETH and SOL consolidate. Stellar (XLM), Ripple (XRP), Cardano (ADA), Algorand (ALGO) and Cosmos (ATOM) are up by between 15% and 30% today.
🤔Could Solana’s Surging Solana Fees Create A Congestion Crisis?
Solana is enjoying a surge in activity amid the recent memecoin trading frenzy, propelling fees to unprecedented highs. Onlookers are predicting impending congestion for the network, with blocks currently 80% full.
🎉Crypto Community Celebrates Court Rejecting SEC Dealer Rule
A Texas court struck down the SEC’s loathed Dealer Rule, which sought to expand the definition of a securities dealer to encompass DeFi liquidity providers. The court found that the rule exceeded the SEC’s jurisdiction.
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🏛️Trump Team Considers Creating First-Ever White House Crypto Role
Trump is rumored to be pushing for the creation of a position dedicated to crypto within his administration. The official would reportedly report to the president directly.
🚀‘Just a Chill Guy’ Sparks TikTok Memecoin Craze
CHILLGUY, a memecoin inspired by a cartoon character that went viral on TikTok, rode eye-watering gains to a $420 million market cap. The bullishness comes despite the artist behind the original image threatening legal action against the project.
📊Kraken’s DOGE and SOL Perps Volumes Soar As BTC Nears $100K
Perps volumes on Kraken are rocketing amid the latest round of crypto bullishness. Kraken’s SOL and DOGE markets are at record highs with more than $2 billion each this month so far.
🌍 ELSEWHERE
- Apple Admits to Security Vulnerability That Leaves Crypto Users Exposed—Here's What You Should Do (Decrypt)
- Charles Schwab Eyes Spot Crypto Trading Once Regulations Change (Bloomberg)
- FTX on track to rollout repayment plan in January 2025 (CryptoSlate)
🔥TRENDING
- Solana Ecosystem Continues to Gain Market Share from Ethereum
- Litecoin Distances Itself from Lester Memecoin
- Bitcoin Hits Another Record High of $94,900
- Elixir Teams Up With Securitize To Tap BUIDL Liquidity With DeFi Yields
- Coinbase to Delist Wrapped Bitcoin In December
- Microstrategy Stock Soars After Buying $4.6 Billion Worth of Bitcoin
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