Solana Ecosystem Meme Coin 1 Surpasses $30M Market Cap, Hits All-Time High

November 5th. As per The Block, Bitcoin's November began in the continuation of the downward trend of Tuesday. This trend had already been affected during what K33 referred to as the "dreadful October." According to a new report released by K33, Bitcoin has dropped by 10% in the past week and has once again tested the $100,000 mark. This is the lowest point since June this year and the weakest 30-day performance against the Nasdaq index since July 2024, as stated by Research Director Vetle Lunde in the report. Lunde attributed this decline to restricted liquidity and fear-driven market sentiment. Especially after the historic deleveraging event on October 11th, when the largest liquidation of at least $20 billion in crypto assets occurred. He stated, "Fear-driven market sentiment, combined with significant sell-offs from long-term holders, further weakened the market as buyers remained cautious in the face of perceived heightened risks." Lunde also pointed out that Bitcoin is now at

On November 5th, as per globenewswire, Solana Company (Nasdaq: HSDT) made an announcement today. The company's board of directors has given the green light to a stock repurchase plan under which up to $1 billion of its issued common stock can be repurchased. This stock repurchase plan is open-ended. The company has the flexibility to repurchase its shares on the open market or through negotiated transactions at various times.

On November 5th, according to official information, the digital asset investment platform Grayscale Investments announced today that it will waive the sponsor fee for the Grayscale Solana Trust ETF (with the ticker: GSOL) and reduce relevant fees during the staking period. This waiver will last for a maximum of three months or until the fund's assets under management (AUM) reaches $1 billion, whichever occurs first. The fund has currently staked up to 100% of SOL, offering a staking yield of 7.23%. The fee waiver policy is applicable to both new investors and existing GSOL investors.

On November 5th, Daniel Li, the founder of Liquid Capital (formerly LD Capital), posted, saying, "With the U.S. government about to reopen, the fundamentals of ETH are stable. While others are panicking, it is the time to be greedy. The optimal strategy is to gradually purchase during market dips."

On November 5th, as per Fortune magazine, Sam Hallene, the investment partner of cryptocurrency investment firm CMT Digital, stated that the digital asset-focused venture capital firm has secured $136 million for its fourth venture capital fund. The financing was concluded in early October and attracted funds from family offices, high-net-worth individuals, and some large institutions. Hallene declined to disclose the specific list of investors.

November 5th: The public blockchain of the stablecoin Stable announced that the second phase of the deposit event will commence at 22:00 on November 6th (UTC+8), and it will accept up to $500 million in eligible deposits. Participants are required to use USDC for deposit and complete Know Your Customer (KYC). Each verified user is limited to one wallet. All USDC deposits will be converted into brand new USDT on the Stable network, which will enhance on-chain liquidity, bridge institutional funds with the on-chain market, and strengthen the overall ecosystem's stablecoin liquidity.