Crypto

Bitvavo has listed Solayer, a new staking protocol on Solana co-founded by the network’s creators. The project aims to enhance transaction speed and accessibility of staking.

Dogecoin climbs 3% as Grayscale’s ETF launch approaches, while Elon Musk’s Department of Government Efficiency (DOGE) is quietly shut down in Washington.

XRP and Dogecoin prices are climbing ahead of the launch of new Grayscale ETFs for both assets on Monday. NYSE Arca has approved the listing of the funds, marking a significant expansion of crypto investment products.

Bitcoin’s price shows a modest recovery, up several percent from its 24-hour low, but analysts caution that the bottom may not yet be in. The RSI indicates oversold conditions, and the market awaits a decisive move.

The crypto market is on track for a third straight week of losses, with over $3.2 billion pulled from major crypto funds in three weeks. Bitcoin and Ethereum are the hardest hit, but there’s growing hope for a Federal Reserve rate cut.

BOB (Build on Bitcoin) is now available on Bitvavo, enabling users to leverage Bitcoin in DeFi through a hybrid blockchain that merges Bitcoin’s security with Ethereum’s flexibility.

Bitcoin has dropped over 8% in the past 24 hours, with XRP and other altcoins also facing significant pressure amid market-wide uncertainty and fears of further declines.