Solana

The Solana-based memecoin BONK is now tradable via an ETP on the SIX Swiss Exchange, offering access to traditional investors. This move comes as the token and the broader memecoin market suffer significant losses, with BONK down over 80% from its all-time high.

Bitcoin is trapped in a narrow range after a strong rally, facing a sell wall at $92,000. The broader market is also fading, with significant losses for Solana, Cardano, and other altcoins.

Bitcoin’s price is stuck in a tightening range after hitting $92,000, facing strong selling pressure. With US markets returning from a short holiday, the broader crypto market is also seeing minor losses, with altcoins like Solana and Cardano leading the decline.

The crypto market is up three percent, driven by positive sentiment ahead of Thanksgiving and expectations of a Fed rate cut in December. Tech stocks and ETF inflows also support the rise.

Solana ETFs have seen net inflows for 20 consecutive days, accumulating nearly €500 million since their launch. However, the SOL price has not followed suit, declining over 30% in the past month despite the strong institutional interest.

Grayscale’s Dogecoin ETF launched on the NYSE to a lukewarm reception, with just $1.4 million in first-day trading volume. This starkly contrasts with the highly successful launches of Solana and XRP ETFs, which saw volumes over 40 times higher.

Bitcoin gains for a second day, breaking an inverse parabola, while XRP surges 8% on new ETFs. Market eyes upcoming PPI data.

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.

Tensor (TNSR), an NFT platform token on Solana, jumped 86% in a day to become the fifth most traded coin on Bitvavo, driven by a Coinbase acquisition, token burn, and technical breakout.

Crypto investment funds saw a massive outflow of $1.9 billion last week, marking one of the worst periods for capital flight since 2018. The exodus, led by Bitcoin and Ethereum funds, coincides with a sharp decline in Bitcoin’s price, which has fallen nearly 30% from its all-time high.