Solana open interest (OI) and its price have declined in the past 24 hours mirroring a broader decline across the cryptocurrency market. However, traders are remaining optimistic, viewing it as a “good opportunity.” On April 14, Solana’s OI stood at $1.62 billion, approximately 21% down from the previous day, as per CoinGlass data. OI measures the total…

Bitcoin price plummeted over 8.4% on April 13 after Iran launched an attack on Israel, escalating  geopolitical conflicts in the Middle East. The cryptocurrency price dropped from around $67,000 to $61,625, wiping out over $130 million in market capitalization within minutes following the attack. The sell-off is also affecting other cryptocurrencies. At the time of writing,…

Ethereum’s Pectra upgrade, slated for late 2024 or early 2025, is bringing with it a host of more functionality for crypto wallets and upgrades to their user experience (UX). Ethereum Improvement Proposal (EIP) 3074 was approved for inclusion in the next update, which allows normal crypto wallets to work like smart contracts. One of EIP-3074’s functions gives standard externally owned accounts (EOAs), normal…

The United States government is one of the biggest cryptocurrency holders alongside other global states like the United Kingdom and Germany, according to data from Arkham. Arkham, a crypto intelligence platform focused on deanonymizing entities on the blockchain network, has introduced a dashboard featuring the governments with the largest crypto holdings. Announcing the news on…

Cryptocurrencies are rapidly becoming a critical piece of the United States economy and financial system. The value of Bitcoin has surged thanks to exchange-traded funds (ETFs) bringing access to a huge swath of new consumers. This is generally good news. However, the rise of Bitcoin also brings with it the need for increased regulatory guardrails, similar to other…

AAA game studio Ubisoft is edging closer to releasing its first blockchain-based game after releasing the first gameplay trailer for Champion Tactics Grimoria during Paris Blockchain Week. The tactical player-vs-player role-playing game’s lead developers gave Cointelegraph an exclusive playthrough at the conference. The RPG allows players to craft blockchain-based figurines with unique features and characteristics…

The Solana blockchain is currently outperforming rivals Ethereum, Avalanche and BNB Chain in terms of network activity, growth and adoption — all thanks to the memecoin frenzy that has taken crypto markets by storm. Over the past month, the Solana blockchain has seen the launch of thousands of new memecoins with billions of dollars in…

Move-to-earn lifestyle app StepN, built on the Solana blockchain, is airdropping 100 million FSL points, worth approximately $30 million, to its users. According to the April 10 announcement, the FSL points are redeemable at a 1:1 ratio for StepN’s GMT token and can also be used in upcoming StepN nonfungible token (NFT) mints alongside obtaining exclusive prizes….

Bitcoin OGs appear to be gearing up to cash in on their gains ahead of the Bitcoin halving, according to a leading indicator popular among crypto traders. An indicator called the Value Days Destroyed (VDD) Multiple recently spiked above 4.0, leading crypto commentators to speculate that the wider market could be nearing the end of the bull…

Crypto-focused venture capital (VC) firm Paradigm is leading a $225 million funding round into a new layer-1 blockchain network, which is set to compete for market share with Solana and other top networks. Monad Labs completes the funding round, which aims to build a new layer-1 smart contract network with faster speed and lower costs…