What Happened in Crypto Today: Solana Did What?

What Happened in the Crypto World Today: What Did Solana Do?

Now the market has stabilized and we are receiving reports on its effects.

The numbers are there and they tell a pretty interesting story.

We all remember the big crash we just experienced!

The Big B has bounced back with impressive momentum and is currently sitting comfortably at $57,000. If that’s not a show of strength, we don’t know what is.

Demand? Still very high.

We covered all of these in our detailed market analysis yesterday.

So let’s discuss these events and other big stories in crypto over the last 24 hours in detail. Here’s a quick summary of the most important topics we’ll cover:

SUMMARY:

Solana is really giving Ethereum a hard time. What will it take for Solana to abandon Ethereum completely? 🚀

XRP Just Scored a Major Victory Against the SEC. Where Do Analysts See Its Price Going Now? 🧐

USDe expands its reach to Solana. And they reward Solana users! 💰

Aave profits from market turbulence. How it made millions from a market crash 💰

Trump’s kids hint at launching a DeFi product. What exactly did they say? 🇺🇸

Let’s start!

SOL and ETH’s Love-Hate Relationship

Solana and Ethereum are currently experiencing a very volatile period.

SOL has been on a bullish streak against ETH lately, reaching high notes on the charts.

Word on the street is that SOL could be targeting that sweet $200 mark. It’s been a while since we’ve seen those numbers, but anything can happen in crypto.

Investors are now getting excited about patterns and breakouts.

So what patterns do they see on the charts? Is the breakout certain? Read the full story!

XRP’s Moment in the Spotlight

XRP received a big W in its long fight against the SEC.

After years of legal wrangling, Ripple Labs finally has some good news.

A New York judge fined Ripple $125 million to finally end the war. The news sent XRP up 26%.

The coin bounced off the recent market drop, skyrocketing to $0.63. It currently sits at $0.61.

Ripple executives are in celebratory mode (as they should be), with Brad Garlinghouse tweeting that this is a victory for everyone except the SEC.

Where do analysts see the price going now? Read the full story!

USDe is Moving to Multi-Chain

Looks like new branches are opening in the US.

Ethena Labs has announced that they are bringing their synthetic stablecoin to the Solana network. It’s as if USDe has decided to learn a new language.

This isn’t just a minor update. If Ethena’s token holders give the green light, SOL holders will soon be able to use their tokens as collateral for USDe loans.

The story continues

But here’s the really cool part – Solana users can now earn Ethena Sats. Think of it as reward points for playing with USDe. Then exchange them for ENA tokens and you’re good to go.

So how does it work? How exactly can you earn Ethena Sats as a Solana owner? Read the full story!

Aave Is Cashing In On Crypto Chaos

Amidst the crypto chaos, Aave has hit the jackpot. While the rest of the market was finding a low point to land on, Aave was busy generating $2.1 million in daily revenue.

Source? Liquidation fees.

It turns out that when markets are down, Aave’s revenues are up.

The real MVP? Aave v3 on Ethereum. It attracted $1.25 million in liquidation fees. We’re talking about $234 million in total liquidations — that’s a lot of digital collateral being thrown out.

What about other platforms? Read the full story!

Trump Jr. and Eric Trump’s Crypto Scam

Trump’s men are trying to make waves in the crypto community. Donald Jr. and Eric posted eyebrow-raising tweets that have the blockchain world buzzing.

Junior talks about “shaking up the crypto world” with something “BIG” in DeFi. Meanwhile, Eric has also become a crypto enthusiast.

This is not random tweeting.

Eric’s tagging of family profiles suggests that the Trump family is engaged in a coordinated cryptocurrency operation.

But the crypto community isn’t exactly rolling out the red carpet, with some offering advice ranging from “maybe wait a bit” to “please stick with Bitcoin.”

So what exactly is going on? Read the full story!

And that’s it. See you tomorrow!