Latest news with #Solana
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New Straits Times
an hour ago
- Business
- New Straits Times
MARKET PULSE PM JUNE 20, 2025 [WATCH]
KUALA LUMPUR: News on stock, crypto and ringgit moves. Bursa Malaysia ended slightly higher today as the US delayed its decision to get involved in the Israel-Iran conflict. The market's gains were supported by renewed buying interest, particularly in financial heavyweights. Meanwhile, the ringgit strengthened against the US dollar, trading at 4.2530. In the crypto market, Bitcoin surged to RM451,259. Ethereum and Solana likewise recorded gains, rising to RM10,863 and RM627, respectively. That wraps up today's Market Pulse.
New Straits Times
9 hours ago
- Business
- New Straits Times
MARKET PULSE AM JUNE 20, 2025 [WATCH]
KUALA LUMPUR: News on the latest moves on the stock and crypto markets. Bursa Malaysia opened slightly lower today, weighed down by a lack of fresh catalysts and the closure of Wall Street overnight. Wall Street was shut for a holiday, with traders closely watching whether the United States will align with Israel in the coming weeks. Back home, the FBM KLCI closed just above the 1,500 mark, as foreign selling pressure is expected to persist. Analysts suggest buying blue-chip stocks if the index drops below the 1,500 mark, especially near the 1,480 level. In the crypto market, Bitcoin slipped to RM445,413. Ethereum declined to RM10,732, while Solana dropped to RM621. That's it for Market Pulse. Keywords: Donald Trump Bitcoin Stocks Trading Cryptocurrency Crypto Bursa Malaysia Ethereum Fbm Klci Solana Market Pulse
Yahoo
13 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
14 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
20 hours ago
- Business
- Yahoo
SOL Strategies Files to List on Nasdaq
SOL Strategies, a Toronto-listed digital asset firm focused on Solana, filed with the U.S. Securities and Exchange Commission (SEC) to list on Nasdaq, as the company seeks access to the world's largest economy. The company filed a 40-F form, according to a filing on Wednesday. The 40-F form is required from Canadian companies wishing to offer securities in the U.S. If the company gets approved by the SEC it will operate under the ticker STKE, it said. Getting approved by the SEC would grant the company access to Nasdaq, the world's second largest stock exchange. Shares of SOL Strategies closed over 4% higher on Wednesday at Canadian dollar $2.38. SOL Strategies has been ramping up its SOL investment. In May, it acquired 122,524 SOL for $18.25 million. Companies that invest in Solana may benefit as the coin is being used more in the financial industry, analysts at Cantor Fitzgerald said on Monday.
