Crypto News

Solana's SOL SOL fell 4.24% over the past 24 hours to trade at $149.46, retreating from a high of $158.54 following a sharp overnight sell-off. Trading volume surged as SOL broke below $155 support late Monday, with the price eventually bottoming at $148.68 before entering a choppy consolidation around the $150 mark.Despite the short-term pressure, some institutional investors remain optimistic about Solana’s long-term positioning. On Monday, Cantor Fitzgerald launched coverage of three public companies — DeFi Development Corp (DFDV), Sol Strategies (HODL), and Upexi (UPXI) — that hold SOL as a treasury asset. The firm assigned all three “overweight” ratings and emphasized Solana’s technical strength.Cantor’s analysts argued that Solana has outpaced Ethereum in recent developer growth and technical performance, citing...

Multi-chain liquid staking protocol Meta Pool suffered a smart contract exploit on Tuesday, resulting in the loss of $27 million.Blockchain security firm PeckShield reported that a bug in the protocol's staking contract allowed users to freely mint mpETH, the protocol's liquid staking token (LST).While an attacker managed to mint $27 million worth of the tokens, a lack of liquidity on Uniswap meant that they could only swap 10 ETH worth ($25,000).An Etherscan transaction before the exploit took place showed that an account labeled as "MEV Frontrunner Yoink" removed 90 ETH worth of liquidity from the pool.Meta Pool is yet to post any updates about the exploit on social media. Total value locked (TVL) for the project still stands at $75...

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EigenLayer has secured $70 million for a platform that enables blockchain-grade verification for off-chain apps in AI, finance, and beyond.Source link

This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole.Bitcoin cash BCH, the best performing top 100 cryptocurrency of the past 24 hours, looks set to chalk out a bull run against bitcoin BTC.That's because the BCH/BTC trading pair listed on Bitstamp has jumped out of a triangle pattern identified by series of descending intraday price highs and ascending price lows, both representing a narrowing price range.Breakouts from these patterns typically lead to significant moves, which means BCH could chalk out an impressive bull run against bitcoin in the days ahead.Adding to the bull case is the fact that the ratio has already topped the 200-day simple moving average, a barometer of long-term trends tracked...