Solana price $SOL hits 3-month high These 5 analysts expect a new yearly high
Solana (SOL) price has been rising rapidly since October 13 and is approaching its yearly high.
Solana price also broke an inverse head and shoulders pattern. How long will it continue to rise?
Analysts are optimistic about Solana Analysts at #criptomonedas have a predominantly bullish sentiment towards Solana.
Tradermayne believes the price will rise to $40. But his bullish analysis is conditional on a bullish weekly candle close.
Rager and DaanCrypto also noted the importance of the $38 horizontal resistance area, which coincides with the yearly high. This area has been crucial since 2021, supporting and resisting.
Finally, CryptoGodJohn believes that SOL price will eventually reach $250 in the long term and may even reach $450 if it reaches the market cap of #Ethereum
Will it reach the new yearly high? The daily time frame shows that SOL price has been trading within an inverse head and shoulders (IH&S) pattern since February. The IH&S is considered a bullish pattern, which usually leads to breakouts.
Today, SOL price is in the process of breaking out of the pattern neckline. A daily close above $26 will confirm the altcoin's breakout. #crypto2023 #cryptocurrency
Strategy shift in #strategy ? The firm liquidates #BTC to safeguard its vault with $4.650 billion and buy back shares
Bitcoin Treasury firm, Strategy #MSTR , has carried out a major financial adjustment based on its latest official filing. It sold 1.690 BTC at an average price of $64.262 (commission-free), raising $108.6 million.
Use and Purpose of the Funds Preferred Share Buyback: It allocated the full proceeds from the BTC sale ($108.6M) to repurchase 1,152,020 variable-rate preferred shares (STRC). Cash Reserve: It injected $650 million into its USD reserve, bringing the total fund to $4.650 billion as of August 9. The remaining $3.1 million went to operating cash. Total BTC Reserve: 840.447 BTC Total Acquisition Cost: $63.360 billion Average Purchase Price per BTC: $75.385 #CryptoNews #Saylor $BTC $MSTRB $MSTR
#TRUMP Media breaks with Cryptocom and buries its ambitious crypto treasury strategy
Trump Media and Technology Group #DJT , the parent company of #TruthSocial , has made a drastic shift in its corporate strategy by mutually terminating two key agreements with Cryptocom, putting an end to its foray into the market for digital asset treasuries.
Under the direction of interim CEO Kevin McGurn, the company has decided to abandon the project that aimed to create the largest exchange-listed CRO token reserve company, choosing instead to refocus its resources on its traditional media division and an imminent merger with fusion energy company TAE. #DonaldJTrump $WLFI $TRUMP $NVDAB
The #exploit of $130M in #Coldcard exposes the lethal danger of private keys Not even the most hardened 'cold wallets' are safe from the new wave of cyberattacks. The millionaire hack of Coldcard reopens an existential debate in the industry. Does single private-key-based custody remain a viable model, or is it a systemic risk on the verge of collapsing with the arrival of Artificial Intelligence? The CEO of Blockaid, Ido Ben-Natan, warned that the recent security breach in Coldcard has exposed the most serious structural flaw in cryptocurrencies: absolute dependence on private keys. By acting as a single, unsupported access point, any failure in their generation or storage turns the key into a single point of failure (single point of failure).
💥 "Bitcoin doesn’t need Clarity. It’s the U.S. that needs it": The devastating response to the Senate shutdown from #MichaelSaylor
While Capitol Hill decides to postpone the rules of the game for the digital asset industry until September, the largest corporate accumulator of #bitcoin answers with a cutting line that sums up the market’s view: the decentralized network will keep moving forward no matter what Washington decides, but it’s U.S. power that risks falling behind.
📌 The Senate stalls crypto legislation
After it was confirmed that the U.S. Senate froze the procedural vote on the Clarity Act (#CLARITYAct ) until the return from the legislative recess in September, reactions among the industry’s top figures didn’t take long to arrive. The rule, designed to establish a clear regulatory framework between #SEC and #CFTC and give certainty to capital markets, became stuck amid political-electoral calculations.
🎙️ Saylor’s stance: Bitcoin vs. state bureaucracy
Strategy’s executive chairman, Michael Saylor, reacted on his official X account with a direct and forceful message: "Bitcoin doesn’t need CLARITY. America needs clarity". ("Bitcoin doesn’t need CLARITY. America needs clarity"). $BTC $MSTRB $SOL
The Senate freezes the Clarity Act until September
The big crypto reform in the US, on a tightrope due to election policy and the "Trump factor" In a last-minute twist before the summer recess, the US Congress puts the brakes on the industry's most ambitious market-structure bill. With 60 votes not locked in and elections on the horizon, the regulatory fate of digital assets will be a do-or-die game played in a narrow window in September. The Senate majority leader, John Thune, confirmed the postponement of the procedural vote on the Clarity Act (#CLARITYAct ) to mid-September, just as lawmakers return from their August recess.
The U.S. reduces Saudi oil imports to ZERO for the first time in 40 years Venezuela takes over
During the month of July, U.S. crude imports from Saudi Arabia fell sharply to 0 barrels, marking an event not seen in a full month since 1985.
Tension in the Strait of Hormuz: The regional conflict and the resulting supply disruptions in the Persian Gulf forced U.S. refineries to freeze their purchases in the Middle East and quickly pivot to alternative suppliers.
The Venezuelan shift: Venezuela emerged as the key substitute in the region, driving its exports to U.S. soil to reach approximately 600,000 barrels per day.
Bounce-back projection: According to data from analytics firm Kpler, this paralysis is expected to be temporary and that shipments of Saudi crude will recover this month to be around 300,000 barrels per day. #oil #OilPrice #OilMarket $CL $SPCXB $HYPE
Is the ' #hype ' being hit with a brake? #JPMorgan warns of a drastic pullback in the ETF of #Hyperliquid amid regulatory pressure
Capital inflows into exchange-traded funds (ETFs) tied to the #HYPE token from Hyperliquid have stalled after a dizzying climb between May and June, according to JPMorgan.
Analysts led by Nikolaos Panigirtzoglou say that the rise of regulated crypto derivatives in the U.S. could displace the volume of decentralized exchanges (offshore) such as Hyperliquid, due to compliance risks, licensing requirements, and investor protection.
Diversification with obstacles: While the protocol aims to expand into prediction markets to diversify its commission revenue, it faces fierce competition in that sector and the threat of established rivals such as #solana and XRP.
Market context: Despite the slowdown, Hyperliquid managed to position itself as the fourth-largest corporate crypto treasury (behind BTC, ETH, and SOL). However, the global ETF market remains overwhelmingly dominated by Bitcoin (~$77,000M) and Ethereum (~$10,000M), leaving Solana, XRP, and HYPE together with only about $2,000–$3,000M in AUM. $HYPE $SOL $XRP
🚀 Alert in #WallStreet ! “The sales wave” is lurking at #SpaceX 911 million shares are unlocked amid a plunge
This Thursday, the initial lock-up period expires, allowing the first SpaceX investors to sell part of their holdings. About 911 million shares (approximately 7% of the total shares outstanding) become available to trade, far surpassing the 639 million shares sold in its record IPO.
50% drop from its all-time high: After trading at #Nasdaq and reaching a peak above $225 USD just days after its debut in June, the stock then crashed sharply to a Thursday opening low of $105.11 USD.
Financial results under scrutiny: The steep decline accelerated after the company released its first earnings report Tuesday night, where it said capital expenditures doubled revenues—fostering investor distrust in the near term.
Analyst outlook: According to Greg Martin (co-founder of Rainmaker Securities), the stock’s immediate price path will be driven by selling pressure stemming from the end of the lock-ups, temporarily outpacing the company’s fundamental or strategic factors. #ElonMusk #CryptoNews $SPCXB $SPCX $QQQB
Sets Price Target at $140 Driven by Wall Street and the Blockchain 'Arc' Despite market doubts about the competition and the interest-rate environment, the prestigious research firm Bernstein has stepped forward, reiterating its "Outperform" rating for #Circle (issuer of #USDC ), while maintaining a solid $140 price target. In its report, analysts led by Gautam Chhugani say that bearish investors are overlooking the company’s overwhelming institutional distribution network and its promising new monetization avenues.
📉 Crypto drawdown or a masterstroke? Galaxy Digital plunges 13% after $85M in losses, but Novogratz’s giant turns on its Artificial Intelligence engine
The stock market reacted harshly to weakness in cryptocurrency prices, but behind the scenes, the firm led by Mike Novogratz has just crossed a historic turning point. Despite the red figures produced by the crypto winter, Galaxy Digital is consolidating a strategic diversification toward Artificial Intelligence (AI) infrastructure that promises to transform its long-term revenues.
Net loss of $85 million: The second-quarter results were mainly affected by the depreciation of digital assets on its balance sheet and unrealized losses of $42 million in its treasury.
EBITDA recovery: Despite net losses, the company’s adjusted EBITDA showed a significant improvement, rising from a negative balance of $188 million in the first quarter to $77 million in Q2.
Operational resilience: The adjusted gross profit from the digital assets segment grew 34% quarter-over-quarter, reaching $66 million.
The AI milestone: Helios data center starts billing First infrastructure revenue: The Helios data center project generated revenue for the first time, contributing $20 million in adjusted gross profit and $11 million in adjusted EBITDA. Contract with CoreWeave: This milestone was reached after delivering 133 MW of IT load under its long-term lease agreement. Recurring revenue in sight: With Phase 1 fully operational, Galaxy expects to generate around $80 million per quarter in lease revenues starting in the third quarter.
A future bet worth millions The company completed a private debt issuance of $ 3.500 million to fund the construction of Helios Phase 2.
🚀 From Titans of #bitcoin a, Allies of Washington #strategy , Coinbase and Circle Join #WallStreet to Finance the "Trump Accounts"
The crypto sector and traditional finance giants continue to strengthen ties with the White House’s economic agenda. Strategy (the world’s largest corporate holder of #BTC ) has joined forces with prominent Web3 ecosystem companies such as Coinbase and Circle, alongside heavyweight players from Wall Street like Morgan Stanley and Goldman Sachs, to support the government initiative #TRUMP Accounts (Invest America).
The company will match the initial incentive from the U.S. government by providing a one-time contribution of $1,000 for each child under 18 of its employees within U.S. territory. In addition to the initial contribution, Strategy will inject $250 annually for each eligible child of its workers until they turn 18, regardless of their year of birth. The firm confirmed that it will begin formally operating this program once the U.S. Department of the Treasury publishes the final guidelines and the technical infrastructure is enabled.
Political Alignment and Industry History This move reinforces the alignment of the leading firms in the crypto sector with the Donald Trump administration: In January 2025, Strategy donated $1 million to the MAGA Inc. super PAC. Coinbase and Circle, for their part, each donated $1 million to Trump’s presidential inauguration fund.
Strategy CEO Phong Le highlighted that this alliance aims to transform the relationship that new generations have with the financial system: "Trump accounts and the Invest America initiative can help build a stronger financial future for American children. These accounts can promote financial education, a long-term outlook, and a culture of saving and investing from an early age." $MSTRB $CRCLB $COINB
🚀 ¡Turbulence Alert! #SpaceX se plunges 11% before the bell, the weight of 18.712 Bitcoins, colossal expenses, and an imminent 'tsunami' of shares
Shares of SpaceX faced heavy selling pressure, falling initially 11% in pre-market trading on Wednesday before the opening. This drop was supported by a pre-market trading volume of 11.5 million.
The company showed its “diamond hands” by not recording sales of #BTC in the second quarter, keeping exactly 18.712 #bitcoins on its balance sheet. This stake was valued at approximately $1.1 billion at the end of June. However, due to fair value accounting rules, the asset’s volatility was reflected in the earnings of the publicly traded company; the stake lost roughly $195 million in value over the four-year period.
Operating results overshadowed by spending: Although revenue jumped an astonishing 92% year over year to $7.8 billion and adjusted EBITDA hovered near $3.5 billion, investors got spooked by the costs. The company managed to reduce its net losses to $541 million, but it burned $18.4 billion in a single quarter by expanding #starlink , #Starship and its artificial intelligence infrastructure.
Astronomical CapEx projections: JPMorgan raised its price target from 225 to $240, but issued a stern warning about free cash flow. The bank now projects that the company’s capital expenditures (CapEx) will reach the staggering figure of nearly $200 billion for both 2027 and 2028. In contrast, Raymond James remains extremely optimistic, reiterating the highest market price target of $800.
Thursday’s 'Stock Tsunami': The big catalyst behind the current fear is the expiration of the sell-restriction period (lock-up) for executives, scheduled for Thursday. $SPCXB
#Binance has started the gradual implementation of its card in Venezuela
The expected crypto payment product #binanceCard is already in a gradual rollout stage in Venezuelan territory.
Staggered availability: Access to the product is not available to all users at the same time; it is carried out in limited phases.
Confirmation was made known through a response from the exchange support account to a user on X. The platform has not yet issued an official statement with the exact date of general availability. #CryptoNews $SOL $HYPE $SPCXB
Forced landing or orbital launch? #SpaceX sorprises #WallStreet with record earnings in its stock market debut, but Starlink runs an empire that burns trillions on AI.
SpaceX #SPCX has, for the first time, faced Wall Street’s relentless scrutiny after its landmark IPO in June. Far from the pessimism that had weighed on the stock (down 24% from its opening price of $150 and a loss of nearly $500 billion in market capitalization), the aerospace giant #ElonMusk crushed analysts’ expectations in its first quarterly fiscal report.
Revenue surplus: The company reported $7.810 billion, well above the $6.930 billion forecast by LSEG.
Lower losses per share: The loss was 9 cents per share, a result considerably better than the 26 cents loss the analysts’ consensus had projected.
The engine and the Achilles’ heel: Although SpaceX posted total operating losses of $4.9 billion last year due to its aggressive push for artificial intelligence infrastructure (driven by its #xAI merger in February to build data centers in space) and the costly launch contracts with NASA, Starlink remains the company’s only oasis of profitability and its financial lifeline through its global connectivity.
Market pulse: Shares closed the session with a strong rebound of +9.43%, settling at $125.33, though they showed a slight pullback of -0.78% ($124.35) in after-hours, with investors at full tension ahead of the 4:30 PM ET conference call to decode the future of its space AI strategy. $SPCXB $SPCX $TSLAB
Alert in Washington! Warren and Blumenthal demand that the SEC investigate the #memecoin de #Trump after losses of $3.800 billion
Top-level politics and the crypto market collide head-on following a formal request to the President of the Securities and Exchange Commission #SEC , Paul Atkins. Democratic senators Elizabeth Warren and Richard Blumenthal have sounded the alarms by demanding a thorough investigation into $TRUMP , the meme cryptocurrency linked to the President of the United States.
Massive losses for investors: Nearly one million small investors suffered losses estimated at more than $3.800 billion.
Millionaire gains at the top: In contrast, reports indicate that the president himself #DonaldTrump amassed personal profits totaling $636 million.
Questionable timeline: The token was launched on January 17, 2025 (just three days before the presidential inauguration) and surged massively after an official Trump announcement on the social network X, raising suspicions of insider trading.
Possible digital scam: The senators warn that this scheme could amount to illegal fraud or deception, undermining public trust and urging the SEC to act immediately to prevent the president and his circle from continuing to benefit financially while new regulatory rules for the crypto ecosystem are discussed. #CryptoNews $TRUMP $WLFI