Whats next for Solana as it hits 850K unique holders?

Solana (SOL) extends its gains, trading above $111.70 at the time of writing on Monday after rallying nearly 12% last week. The bullish price action comes as growth in Solanas tokenized equity ecosystem reaches a new milestone. Meanwhile, improving momentum indicators and strengthening institutional demand point to further gains in SOL.  Solana tokenized equities ecosystem reaches a new milestone  Solana announced on its official X post on Sunday that its tokenized equities hit a new all-time high (ATH) of 850,000 unique on-chain holders. This indicates continued growth in tokenized assets on the network, highlighting market confidence and growing participation, which could boost the SOL price in the long term.  Strengthening institutional demand  Institutional demand for Solana has strengthened. SoSoValue data showed that SOL Exchange-Traded Funds (ETFs) recorded an inflow of $13.19 million last week, marking 12 weeks of continued inflows since early July. If these inflows continue and intensify this week, SOL could extend gains.  Discover more  Blockchain consulting services  Fintech investment reports  News  Total SOL spot ETF net inflow weekly chart. Source: SoSoValueSolana technical outlook: Improving momentum indicators hint at higher highs  Solana price trades at $111.74 on Monday after gaining nearly 12% last week. SOL is maintaining a constructive bullish bias as it holds well above the 50-day,

09-21Industry

Morning briefing: The strength in the Dollar Index can drag the Euro lower

The Dollar index holds well above 100 and has potential rise further from here. The strength in the dollar index can drag the Euro lower. The USDJPY has come off from its high. It had surged on Friday after the 25-bps rate hike from the BoJ. While it sustains above the immediate support, the USDJPY can rise back and go further higher. EURJPY can also go higher if it manages to breach the immediate resistance. Aussie looks bullish and can rise more. Pound on the other had looks weak and can fall. The USDINR has room to rise more. This rise can happen either from here itself or after a short-lived dip from current levels.  Discover more  Blockchain development tools  Blockchain consulting services  NEWS  The US Treasury Yields have risen back well on Friday. That keeps intact our broader bullish view. The yields can rise more from here. Supports are there to limit the downside in case the yields fall back from here. The German Yields have bounced back. But the near-term picture looks weak to see some more rise. Thereafter the broader uptrend can resume. The 10Yr GoI is holding well above its support. That keeps the upside open to see more rise from

09-21Industry

Gold price in Pakistan: Rates on September 21

Gold prices fell in Pakistan on Monday, according to data compiled by FXStreet.  The price for Gold stood at 38,844.39 Pakistani Rupees (PKR) per gram, down compared with the PKR 38,986.83 it cost on Friday.  The price for Gold decreased to PKR 453,073.40 per tola from PKR 454,734.70 per tola on friday.Unit measureGold Price in PKRDiscover moreCrypto tax softwareDaily crypto newsChoose POS SystemsNEWSCrypto wallet reviewBlockchain consulting servicesBitcoin mining hardwareBitcoin price tracker1 Gram38,844.3910 Grams388,443.90Tola453,073.40Troy Ounce1,208,197.00  FXStreet calculates Gold prices in Pakistan by adapting international prices (USD/PKR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.  Gold FAQs  Gold has played a key role in human‘s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.  Central banks are the biggest Gold holders. In

09-21Industry

Gold price in India: Rates on September 21

Gold prices fell in India on Monday, according to data compiled by FXStreet.  The price for Gold stood at 13,435.32 Indian Rupees (INR) per gram, down compared with the INR 13,482.07 it cost on Friday.  The price for Gold decreased to INR 156,707.00 per tola from INR 157,252.20 per tola on friday.Unit measureGold Price in INRDiscover moreBitcoin price trackerCrypto wallet reviewBlockchain development toolsEnterprise blockchain solutionsChoose POS SystemsEthereum market analysisDeploy Cloud ServersDaily crypto news1 Gram13,435.3210 Grams134,353.20Tola156,707.00Troy Ounce417,885.60  FXStreet calculates Gold prices in India by adapting international prices (USD/INR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.  Gold FAQs  Gold has played a key role in human‘s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.  Central banks are the biggest Gold

09-21Industry

Gold price in Malaysia: Rates on September 21

Gold prices fell in Malaysia on Monday, according to data compiled by FXStreet.  The price for Gold stood at 571.97 Malaysian Ringgits (MYR) per gram, down compared with the MYR 573.94 it cost on Friday.  The price for Gold decreased to MYR 6,671.31 per tola from MYR 6,694.28 per tola on friday.Unit measureGold Price in MYRDiscover moreBitcoin mining hardwareFintech investment reportsFinancial technology newsBlockchain development toolsDaily crypto newsSecure crypto storageBlockchain consulting servicesDigital payment systems1 Gram571.9710 Grams5,719.38Tola6,671.31Troy Ounce17,790.26  FXStreet calculates Gold prices in Malaysia by adapting international prices (USD/MYR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.  Gold FAQs  Gold has played a key role in human‘s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.  Central banks are the biggest Gold

09-21Industry

Hana Bank issues $100M digital bond on Euroclear

Hana Bank has issued a $100 million five-year foreign-currency digital bond through Euroclears blockchain-based D-FMI platform, completing allocation and settlement on the same day.  Yonhap News reported on Sept. 21, citing Hana Bank, that the transaction used Euroclears Digital Financial Market Infrastructure to process issuance, registration and settlement through distributed ledger technology. Hana said the structure reduced a process that normally takes three to five business days to same-day settlement.  A separate report citing the bank placed the issuance on Sept. 18 and described it as the first T+0 settlement in South Korea‘s foreign-currency bond market. The same report said the bond was issued under Hana Bank’s global medium-term note documentation, with Standard Chartered serving as sole lead manager.  Hana Bank digital bond settles through D-FMI in one day  Hana Bank said the $100 million bond used DLT for bond allocation and payment settlement. Euroclear‘s platform recorded the digital security while keeping the instrument connected to its international securities infrastructure, according to the bank’s statement reported by Yonhap.  Investors do not need a separate trading system to access the bond. Hana said holders can use their existing Euroclear accounts and trading arrangements because D-FMI connects to Euroclears established global settlement network.  Euroclears own D-FMI documentation confirms

09-21Industry

Euro flatlines against Japanese Yen as intervention risks rise

The EUR/JPY cross holds steady around 180.25 during the early European trading hours on Monday. Japan markets are closed for a three-day holiday, leading to low liquidity. Traders remain on high alert for currency intervention from Japanese authorities to prop up the volatile currency.  The Bank of Japan (BoJ) decided to raise its policy rate by 25 basis points (bps) to 1.25%, the highest level since 1995, as widely expected. However, a lack of explicitly hawkish guidance disappointed markets, weighing on the Japanese Yen (JPY) against the Euro (EUR).  Swaps markets have priced in less than 20% for the next policy meeting at the end of October, with 90% odds of a rate increase priced in for the December policy decision.  The Nikkei newspaper reported that Japanese officials conducted rate checks. A rate check involves authorities asking banks for currency quotes to gauge market conditions, which traders view as a precursor to currency intervention.  On the Euro front, European Central Bank (ECB) President Christine Lagarde said that any further interest rate hike by the ECB “will depend on the future.” She added that the central bank would decide “meeting by meeting” what is appropriate, whether that is to hold, increase, or cut interest rates,

09-21Industry

Bitcoin rally holds above $80,000 while Venice Token and NEAR Protocol rally

Bitcoin (BTC) is trading above $81,000 on Monday, holding firm after a 6% surge on Friday, linked to US financial watchdogs‘ efforts to structure crypto assets under existing rules following the CLARITY Act’s failure to advance. Venice and NEAR Protocol have posted double-digit gains over the last 24 hours, scaling to fresh annual highs.  CLARITY Act failure pushes US market regulators to innovate structuring  The broader cryptocurrency market sustains its risk-on sentiment, with the Fear and Greed Index around 72 on Monday, up from 69 last week and holding flat in the “Greed” zone. The failure of the CLARITY Act to advance to the US Senate floor led the US Securities and Exchange Commission and the Commodity Futures Trading Commission (CFTC) to pursue different approaches to regulating the US crypto market.  Fear and Greed Index. Source: CoinMarketCap  The SEC granted an “Innovation Exemption” for trading tokenized stocks last week, while the CFTC submitted a Regulation Crypto Asset Transactions and Regulation Crypto Asset Markets proposal on Thursday to the Office of Management and Budget. A clear push to establish a regime for the crypto market is boosting investor demand, as previously reported by FXStreet.  Bitcoin makes another breakout attempt near $82,850  Bitcoin hovers around $81,400 at press

09-21Industry

Euro stays defensive on geopolitical risks as traders await Lagarde

The EUR/USD pair struggles to capitalize on Fridays modest bounce from the vicinity of mid-1.1400s, or the lowest level since late July, and edges lower at the start of a new week. Spot prices currently trade around the 1.1475 region and seem vulnerable amid rising geopolitical tensions.  Officials in Europe warned about Russias drone, missile, sabotage and cyber operations against NATO countries supporting Ukraine in the coming months. The latest warning came from French President Emmanuel Macron on Friday, saying that the Russian hybrid threat facing Europe and France had intensified. This is seen as undermining the Euro, while escalating tensions in the Middle East act as a tailwind for the US Dollar (USD).  In the latest developments, Iran-backed Houthis in Yemen said that they attacked sensitive sites in the Saudi capital of Riyadh on Saturday with missiles and drones. Furthermore, Iran laid out seven conditions for restarting talks with the US. This keeps the geopolitical risk premium in play, which, along with the US Federal Reserves (Fed) hawkish stance, lends some support to the safe-haven Greenback and weighs on the EUR/USD pair.  In fact, the US central bank raised borrowing costs for the first time in over three years at the end

09-21Industry

Bitcoin ETF Flows Swing Back Positive as BTC Jumps Above $81K

US spot Bitcoin exchange-traded funds (ETFs) ended the past five trading days almost exactly where they started, with strong inflows at the beginning and end of the period offsetting a sharp two-day wave of withdrawals.  According to Farside Investors, spot Bitcoin ETFs recorded $159.9 million in net inflows on Sept. 14 before sentiment deteriorated sharply. Investors pulled $450.4 million from the funds on Sept. 15, followed by another $295.9 million on Sept. 16. That brought the two-day outflow total to roughly $746.3 million.  Bitcoin ETF flows (Source: Farside Investors)  Discover more  Digital payment systems  Crypto wallet review  Blockchain development tools  Demand then returned. The ETFs attracted $159.5 million on Sept. 17 before inflows accelerated to $433 million on Sept. 18, the strongest daily reading of the five-session period.  Altogether, the funds recorded approximately $6.1 million in net inflows across the five trading days.  Fidelity‘s FBTC was the standout on Sept. 18 after attracting $310.7 million, while BlackRock’s IBIT added another $108.4 million. IBIT also recorded $183.7 million in inflows on Sept. 17 after experiencing sizeable withdrawals during the previous two sessions.  Bitcoin Rebounds From Below $76K  The volatile ETF flows coincided with a major swing in Bitcoins price. BTC began the week trading around the upper-$70,000 range and briefly climbed above

09-21Industry
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