Multicoin Capital Co-founder: Solana’s market cap will surpass Ethereum’s in this cycle.
Multicoin Capital co-founder Kyle Samani said that driven by factors like stronger usability and functionality, more crypto companies will build on Solana rather than Ethereum in the future. Solana’s market capitalization will overtake Ethereum’s “in this market cycle,” he noted, adding that Ethereum’s advantage as the default smart contract network for crypto firms may gradually weaken. Samani claimed that “hardly anyone actually uses Ethereum these days,” and its leading position remains mainly due to stablecoins, as well as stablecoins borrowed using ETH as collateral. Samani expressed a pessimistic view on Ethereum’s value capture ability. He stated: “This is an asset worth $300 billion to $400 billion, but its value capture ability is questionable, or may not exist at all, and it has no growth whatsoever.” Samani further said he doesn’t understand why investors are willing to hold ETH at its current valuation, noting there are many “more reasonably priced” investment opportunities in the market. He believes more crypto companies will shift to Solana, calling it “the most feature-complete network” that can help enterprises looking to integrate their operations reduce operational complexity. Although SOL’s current market cap is less than one-fifth of Ethereum’s, its weekly and monthly network fees have both exceeded Ethereum’s.
9 minutes ago
Crypto Whale Sets 10 Major Goals: Strategy’s Continuous BTC Buying Is a Key Signal
Crypto whale with the social media handle "先定 10 个大目标" posted on social media that "Bitcoin broke through $85,000 today. I've long maintained that Strategy's continuous buying is a key signal." Today's reports note that Strategy announced it added 950 BTC to its holdings last week, bringing its total BTC position to 846,000 coins.
9 minutes ago
Crypto whale sets 10 major targets, 4x leveraged long BTC position posts over $12 million in unrealized profit
According to Binance's live trading data, the whale codenamed "First Set 10 Big Goals" is currently going long on BTC with 4x leverage, holding an unrealized profit of $12.17 million. Earlier reports noted that the same whale stated today it will hold this trend position until Bitcoin reaches $120,000.
9 minutes ago
The Philadelphia Semiconductor Index rose more than 2% to its highest level in over a month.
According to market data from BIT (bit.com), the Philadelphia Semiconductor Index rose more than 2% to a high point in over a month. Arm (ARM.O) gained over 8%, AMD (AMD.O) climbed more than 7%, Micron Technology (MU.O) rose nearly 5%, and Qualcomm (QCOM.O) edged up nearly 2%.
9 minutes ago
US stocks open, with all three major indices rallying across the board.
According to market data from BIT (bit.com), US stocks opened with the Dow Jones up 0.49%, the S&P 500 rising 0.6%, and the Nasdaq gaining 0.7%. Intel (INTC.O) jumped 8%, Micron Technology (MU.O) rose 3%, and Meta Platforms (META.O) climbed nearly 3%.
9 minutes ago
Ondo rolls out physical conversion feature for stocks and tokenized assets.
According to official announcements, Ondo has announced that Ondo Stocks now supports physical conversion between underlying stocks, tokenized stocks, and ETFs, and has added a primary market issuance channel via Alpaca’s Instant Tokenization Network (ITN). Qualified institutions can use their existing stock assets to mint corresponding Ondo Stocks tokens, or redeem tokens to receive the underlying stocks. Specifically, after an institution initiates minting, its held underlying stocks are transferred via internal bookkeeping from an Alpaca account to Ondo’s Alpaca account, after which the corresponding tokens are issued on supported blockchains; the redemption process follows the reverse steps. This mechanism eliminates the need for manual approval for each transaction, making it easier for institutions to convert between traditional stock assets and on-chain tokenized assets, and is expected to boost secondary market liquidity for Ondo Stocks and narrow bid-ask spreads. Currently, this feature is only available to institutions approved by Alpaca, and is not a universal function of Ondo Stocks. Participating institutions must hold valid accounts with both Ondo and Alpaca, and complete the relevant onboarding and approval processes; the conversion function is now live on Ethereum and BNB Chain.
9 minutes ago
App Store
Profile
Security
Sign Out
Feeds
Articles
Source
Add to Favorites
Download image
Share x
Copy link
