Latest news with #SOL
Yahoo
16 hours ago
- Business
- Yahoo
SOL Slips Below $144 Even as Sol Strategies Eyes Nasdaq to Deepen Its Bet
Solana's native token, SOL SOL, dropped to $143.38 Tuesday, down 1.21%, closing near the day's low after failing to hold above $147, according to CoinDesk Research's technical analysis model. The weakness came even as the ecosystem drew fresh institutional backing: Canadian blockchain investor Sol Strategies filed with the U.S. Securities and Exchange Commission on June 18 to pursue a Nasdaq listing under the ticker STKE. While the filing itself is not an immediate market mover, it highlights a growing institutional commitment to Solana's long-term outlook. Sol Strategies disclosed earlier this month that it holds more than 420,000 SOL, worth over $61 million, and has made SOL the centerpiece of its treasury strategy. The firm is also seeking regulatory approval in Canada to raise up to $1 billion, in addition to an earlier $500 million convertible note issuance in April used to acquire and stake SOL. Despite these bullish signals, SOL continues to trade defensively. Price action has been confined to a horizontal band for much of the past week, with the most recent breakout attempt above $147.80 failing to generate follow-through. Bears regained control during the final hours of trading, pushing SOL below the $144 psychological support. With price trending below major moving averages and volume tapering off mid-session, sentiment remains fragile even as long-term backing intensifies. Technical Analysis Highlights SOL traded in a 24-hour range from $143.23 to $147.80, a 2.83% swing. Resistance held at $147.80 after a failed breakout during the 22:00 UTC candle on June 18. Price declined steadily to $143.38, closing near the low after weak recovery attempts. Sellers were active between 13:46–14:00 UTC, with a drop from $144.62 to $143.38 on strong downside momentum. The $144–$145 zone remains critical; failure to reclaim it may open a path toward deeper support near $140. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
17 hours ago
- Business
- Time of India
Cryptocurrency Live News & Updates : Ethereum Reserves Reach 1% Amid Corporate Growth
20 Jun 2025 | 04:00:12 AM IST Anthony Scaramucci, founder of SkyBridge Capital, predicts that Solana (SOL) will eventually surpass Ethereum (ETH) in market capitalization, although he did not specify a timeline. In recent developments, Anthony Scaramucci of SkyBridge Capital has expressed confidence that Solana could outpace Ethereum in market value, reflecting his deep understanding of the cryptocurrency landscape since entering in 2020. Meanwhile, OKB, the utility token of the OKX exchange, has seen a remarkable 13% surge, breaking the $54 mark, driven by whale accumulation and the exchange's U.S. expansion. This surge is notable amid a generally flat market for major cryptocurrencies. Additionally, Elon Musk is working on transforming X into a comprehensive super app that may include investment and trading features, potentially reshaping how users interact with digital assets. In a different realm, Donald Trump's company has reduced its stake in WLFI, which could yield substantial profits, while Mexican billionaire Ricardo Salinas remains bullish on Bitcoin, suggesting it could surpass gold's $16 trillion market value. These narratives highlight the dynamic and evolving nature of the cryptocurrency market, with significant movements and predictions shaping the landscape. Show more
Yahoo
2 days ago
- Business
- Yahoo
SOL Drops Below $150 After Sell-Off Despite Growing Institutional Adoption Narrative
Solana's SOL SOL fell 4.24% over the past 24 hours to trade at $149.46, retreating from a high of $158.54 following a sharp overnight sell-off. Trading volume surged as SOL broke below $155 support late Monday, with the price eventually bottoming at $148.68 before entering a choppy consolidation around the $150 mark. Despite the short-term pressure, some institutional investors remain optimistic about Solana's long-term positioning. On Monday, Cantor Fitzgerald launched coverage of three public companies — DeFi Development Corp (DFDV), Sol Strategies (HODL), and Upexi (UPXI) — that hold SOL as a treasury asset. The firm assigned all three 'overweight' ratings and emphasized Solana's technical strength. Cantor's analysts argued that Solana has outpaced Ethereum in recent developer growth and technical performance, citing on-chain metrics that show higher throughput and lower latency. The report added that firms using SOL as a treasury asset view it as a serious contender to challenge ETH's dominance, despite ether still having a market cap 2.5 times larger. While the recent correction has erased much of the weekend's gains, SOL remains above last week's support zone. Traders are now watching whether the token can hold the $148–$150 range or if further downside pressure will emerge. Technical Analysis Highlights During the analysis window, SOL-USD dropped 7.0% from $158.804 to $147.746, forming a 24-hour range of 11.058 points. The steepest sell-off occurred between 22:00 and 00:00 UTC on volume exceeding 2.7 million SOL, breaking down through $155 support. Price later stabilized around $152 and traded in a tightening range between $151 and $154. The $152–$153 zone transitioned from support to resistance during the correction, with $148.68 marking the session low. At 07:57–07:58 UTC, price dropped from $153.118 to $152.680 on a spike exceeding 150,000 SOL in volume. Toward the end of the analysis period, SOL consolidated between $153.400 and $152.680 with declining volatility, signaling hesitation among both bulls and bears. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Sign in to access your portfolio
NDTV
2 days ago
- Business
- NDTV
Delhi University Begins Admission Process; Class 10 Marks Now A Tie-Breaker
Delhi University (DU) has commenced the admission process for the 2025-26 academic year, with the Common Seat Allocation System (CSAS) portal now live for undergraduate registrations. A key change in this year's process is the introduction of Class 10 board exam scores as an additional tie-breaker when students have the same CUET and Class 12 marks. Vice-Chancellor Yogesh Singh said the admission portal has been upgraded with an auto-accept option to prevent students from missing seat allotments. DU is offering 79 undergraduate programmes across 69 colleges, with 71,624 seats available. The academic session will begin on August 1. The second phase of UG admissions will begin after the CUET results are declared. Students can now apply using either one language and three subjects or two languages and two subjects - whichever combination gives a higher score will be considered. The earlier rule of requiring at least 30% marks in language subjects for BSc (Hons) has been dropped. DU has also launched admissions for skill-based programmes through its Centre for Innovative Skill-Based Courses. At the postgraduate level, 11,314 seat allocations have been made so far, and nearly 2,000 students accepted their seats within the first two hours of announcements. This year, DU is offering 82 postgraduate programmes, including new additions like MA in Tourism Management and MA in Hindi Journalism. Plans are also underway to launch an MA in Journalism under the English department. The university has introduced a one-seat quota in each postgraduate programme for single-girl child applicants. Additionallly, admission portals are now open for five-year integrated law, BTech, and School of Open Learning (SOL) programmes. Most PG admissions in SOL will be based on CUET scores, though MBA, BLISc, MLISc, and PGDADLM programmes will continue to follow a merit-based route.
India Gazette
3 days ago
- Business
- India Gazette
DU launches Admission portal for 2025-26; two new PG courses introduced
New Delhi [India], June 17 (ANI): The University of Delhi (DU) has kick-started its admission process for the academic session 2025-26 with the launch of its Common Seat Allocation System (CSAS) portal on Tuesday. During a press conference held at the university campus, DU Vice Chancellor Prof Yogesh Singh inaugurated the portal. With this, admissions have officially begun for undergraduate (UG), postgraduate (PG), five-year integrated law, Ph.D. programmes, and the School of Open Learning (SOL). The university also released its 'Bulletin of Information' detailing eligibility and admission guidelines. DU also announced the launch of two new PG courses -- MA in Hindi Journalism and MA in Tourism Management. Prof. Singh added that a new MA Journalism program under the English Department will be introduced soon. Additionally, each PG course will now reserve one seat for single girl child applicants. The VC also highlighted technical upgrades in the UG portal, including a new 'auto-accept' mode to streamline seat allocation. 'This will ensure that no student misses their seat due to delay or confusion,' he said. NCWEB admissions will also commence shortly and will be based on Class 12 merit scores. Prof. Singh underlined that the CUET system has enhanced diversity on campus by encouraging applications from smaller towns and varied state boards. DU's academic session will begin on August 1, 2025. DU has received 53,609 registrations across 82 PG programs, with 13,432 total seats including NCWEB. Of the applicants, 23,117 are male, 30,490 are female, and two are transgender. The LLB program received the highest number of applications at 9,270, followed by the MA Political Science with 4,996 applications. Notably, 1,131 candidates applied under the single girl child quota, and 90 under the orphan category. Dean Admissions Prof. Haneet Gandhi said the UG admission process will be conducted in two phases, with the second phase commencing after CUET results. DU offers 79 UG programs across 69 colleges, with 71,624 total seats. Changes in CUET subject lists have prompted updates in DU's eligibility criteria. Most courses now allow dual eligibility combinations, and the requirement of a minimum 30% score in CUET languages for BSc (Hons) has been removed. DU offers courses in Computer Science Engineering, Electronics and Communication Engineering, and Electrical Engineering. Admissions are based on JEE (Main) scores. A total of 6,030 candidates have registered--4,349 boys, 1,681 girls. 195 girls applied under the single girl child quota, and four candidates under the orphan category. SOL Director Prof. Payal Mago announced that PG admissions will be based on CUET scores, except for MBA, BLISc, MLISc, and PGDADLM programs. SOL will also admit students under the sports category and offer financial support schemes for PwBD, orphans, EWS, and others. Medal-winning athletes at national or international levels will get fee exemptions. DU has launched nine telephone helplines and email/chatbot support for admission queries. SOL will also operate two help centres from June 22 to guide applicants through the admission process. (ANI)
