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Plans for a strategic reserve including Bitcoin (CRYPTO: BTC) and possibly other cryptocurrencies have been one of the hottest topics in the cryptocurrency sector. Benzinga polled readers to ask which cryptocurrencies the White House administration should be most focused on for the strategic reserve.
Solana (SOL) co-founder Anatoly Yakovenko opposes the idea of the US establishing a crypto strategic reserve.
Solana (SOL) has been struggling below $150 since March 3, with its technical indicators still pointing to a bearish trend. The number of Solana whales has declined in recent days, suggesting some large holders may be reducing exposure.
After Musk's Grok AI suggested a meme coin name, degens pumped GrokCoin to a nearly $35 million market cap—but it didn't last for long.
Cardano (CRYPTO: ADA), XRP (CRYPTO: XRP) and Solana (CRYPTO: SOL) declined on Friday after a top White House aide suggested President Donald Trump's mention of a broad crypto reserve might have been misunderstood. Cryptocurrency Price 24-Hour Trend Cardano (CRYPTO: ADA) $0.845 -3.7% Solana (CRYPTO: SOL) $145.11 +1.1% XRP (CRYPTO: XRP) $2.47 -4.
Lily Liu warns SIMD-228 could undermine SOL's growth, but Anatoly Yakovenko supports the plan, highlighting the need for debate.
Despite a sharp decline in Solana memecoin trading, a Pump.fun trader has secured $40M in profit.
TL;DR A White House official clarified that the cryptocurrencies mentioned by Trump were just examples, but the data suggests otherwise. After the clarification, XRP fell by 6.5%, SOL dropped by 1.65%, and ADA lost 7.7%, while trading volume increased.
Bitcoin is trying to form a higher low at $85,000, but the recovery attempt faces stiff resistance at $90,000, signaling a tough battle between the bulls and the bears.
Sacks also said it's possible the federal government could explore lending or staking on the cryptocurrencies it does own.
Trump's focus on top cryptos like XRP, SOL, and ADA may signal increased regulatory scrutiny and influence on digital asset markets. The post David Sacks says XRP, SOL and ADA are in Trump's spotlight due to market cap dominance appeared first on Crypto Briefing.
The official said Trump was "just giving five examples" of cryptocurrencies that could theoretically be in a crypto stockpile.
The deliberations around the formation of a strategic crypto reserve in the United States has drawn interests to assets like Solana and XRP. While these interests remain, the tokens could see huge gains once retail investors begin to show interest.
Validators of Solana will vote on the SIMD-228 proposal, which proposes to move to a new SOL token inflation model.
A senior White House official said Friday that the U.S. government won't sell Bitcoin it collects, but it could sell altcoins.
The SUI Network token, native to the “Ethereum killer” Sui blockchain, experienced a notable price surge on Thursday following the announcement of a “strategic reserve deal” between the Trump-affiliated decentralized finance (DeFi) protocol, World Liberty Financial (WLFI), and the layer-1 blockchain.
Solana has declined by 5% in the past 24 hours, with its fall to $143 coming after its co-founder Anatoly Yakovenko publicly opposed the idea of a US strategic crypto reserve. The post Solana Co-Founder Questions Trump's Crypto Stockpile – Will SOL Be Left Out? appeared first on Cryptonews.
Analyst and trader Ali Martinez is leaning bearish on a leading memecoin while offering his outlook on three other crypto assets.
Yesterday, U.S. President Donald Trump signed an executive order establishing a Strategic Bitcoin Reserve alongside a U.S. Digital Asset Stockpile. This move separates Bitcoin ($BTC) from other cryptocurrencies, positioning it in a distinct category while other digital assets will form the broader national stockpile.
It's been announced that President Trump has signed an executive order which establishes a Strategic Crypto Stockpile. $ETH, $XRP, $SOL, and $ADA have been mentioned as the four cryptocurrencies that it will consist of.
Solana price edged lower on Friday amid a pullback across the broader crypto market. At press time SOL trades at $143 after a 5% decline in 24 hours.
The newly created GrokCoin showed traders still had a taste for memes and AI-generated assets. Several copycat tickers also appeared, one already losing 90% of its value in a rug pull.
A new Solana meme coin is nabbing significant investor attention across the broader market on Friday. GrokCoin, a crypto named by Elon Musk-backed AI Grok, has secured a hotspot on market watchers' radars amid its burgeoning market value.
The Solana community is currently engaged in discussions around the SIMD-228 proposal, a governance initiative that aims to transform the network's tokenomics.
