Solana

Solana’s price surged over 12%, breaking a key downtrend line, while U.S. spot Solana ETFs saw a massive $45.77 million in daily inflows, signaling strong institutional interest.

Vanguard, the world’s second-largest asset manager, has reversed its stance on cryptocurrency. The firm will now allow its 50 million clients to trade select crypto ETFs, including those for Bitcoin and Ethereum, responding to persistent investor demand.

The crypto market is in full rally mode, with Bitcoin climbing 8% and numerous altcoins posting even larger gains, some exceeding 30%. The surge marks a strong reversal from recent sharp price declines.

Arthur Hayes, BitMEX founder, predicts that most Layer-1 blockchains will fail, leaving only Ethereum and Solana as viable networks. He also forecasts the continuation of the bull market, driven by U.S. political factors, and a new trend towards privacy-focused cryptocurrencies in the coming year.

The memecoin market on Solana has collapsed to a two-year low, with trading volumes plummeting as traders shift to stablecoins, while overall network activity remains stable.

A malicious Chrome extension named ‘Crypto Copilot’ has been discovered stealing small fractions of SOL from users trading on the Solana-based exchange Raydium. The extension, active since June, adds hidden transaction instructions to divert funds to a scammer’s wallet.

South Korea’s largest crypto exchange, Upbit, was hacked for millions but will fully reimburse customers from its own funds. The notorious North Korean Lazarus Group is suspected of being behind the attack.

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.