Solana founder brews up new perp DEX ‘Percolator’

VanEck is making a significant move by filing for the first U.S. ETF linked to Lido's staked Ether, taking advantage of recent SEC guidance that clarifies the regulatory landscape for staking activities. This initiative not only showcases VanEck's innovative approach but also tests the SEC's new operational clarity, potentially paving the way for more cryptocurrency investment products in the U.S. This is an important development for investors looking to engage with digital assets in a regulated environment.

Solana's decentralized exchange aggregator, Jupiter, has just launched its Ultra V3 trading engine, marking a significant upgrade for DeFi traders on the platform. This new engine promises to enhance performance and efficiency, making trading smoother and more effective for users. The upgrade is crucial as it positions Solana to better compete in the rapidly evolving DeFi landscape, attracting more traders and liquidity to its ecosystem.

Solana's co-founder, Anatoly Yakovenko, is reportedly working on a new perpetual decentralized exchange (DEX) on the Solana blockchain, which could greatly enhance the platform's DeFi ecosystem. This development is significant as it positions Solana to compete more effectively in the rapidly growing perpetual-DEX market, potentially attracting more users and liquidity to its network.

HumidiFi has officially claimed the title of the largest decentralized exchange (DEX) on the Solana blockchain, surpassing competitors like Meteora, Raydium, and Pump with an impressive trading volume of $1.1 billion. This milestone is significant as it highlights the growing popularity and trust in decentralized finance (DeFi) platforms, showcasing how HumidiFi is leading the charge in this evolving market. As more users turn to DEXs for their trading needs, HumidiFi's success could pave the way for further innovations and developments in the DeFi space.

The cryptocurrency market is showing signs of recovery as XRP and Solana send bullish signals in the options market for the first time in weeks. While Bitcoin and Ethereum remain in a neutral to slightly pessimistic trend, the emergence of these altcoins indicates a potential trend reversal. After a period of uncertainty, this renewed optimism could be a turning point for investors looking for opportunities in the crypto space.

John Bollinger, the creator of Bollinger Bands, has made a notable observation regarding Ethereum and Solana, suggesting they may be forming 'W' bottoms, a bullish signal in trading. This insight is significant as it could indicate a potential upward trend for these cryptocurrencies, attracting the attention of investors. Meanwhile, Bitcoin does not show the same pattern, which could lead to a shift in market dynamics. Bollinger's expertise adds weight to this analysis, making it a crucial moment for crypto enthusiasts.

$SOL is making waves as it approaches $250, fueled by a mysterious teaser from the Solana Foundation hinting at an exciting announcement. The community is buzzing with speculation about a potential Solana debit card, which could further enhance the ecosystem that is already leading in fee revenue and user engagement. Meanwhile, the Snorter Token's presale is wrapping up, with predictions suggesting a staggering 843% return on investment by 2025. This momentum in the Solana ecosystem highlights its growing influence in the cryptocurrency market.

Solana's price is currently holding steady around $192, showing a nearly 3% increase in the last 24 hours. This stability comes after a turbulent period in the market, and many are hopeful that institutional interest could help push the price above the crucial $200 mark. This is significant as it could indicate a broader recovery in the cryptocurrency market, attracting more investors and boosting confidence.

XRP is showing signs of recovery after a recent downturn, with its price stabilizing around $2.50. Traders are closely monitoring the cryptocurrency for its next move, and an analyst named Remi Relief has made headlines by using AI to predict a potential rally to $1,700. This ambitious forecast has sparked interest and optimism in the crypto community, highlighting the volatility and potential of digital currencies.

Bitcoin's price has surged to $111,000, marking a significant rise for the third consecutive day. This increase comes as traders express optimism about a potential trade deal between the U.S. and China, along with anticipated interest rate cuts from the Federal Reserve. The possibility of Bitcoin's market cap surpassing that of gold is generating excitement in the crypto community, highlighting its growing acceptance and value as an asset.

The Ethereum Foundation has announced the shutdown of the Holešky testnet following the successful completion of the Fusaka upgrade. This transition marks a strategic shift in their testing processes, moving towards the Hoodi and Sepolia networks. This change is significant as it reflects the Foundation's ongoing commitment to improving the Ethereum ecosystem and ensuring robust testing environments for future developments.

As the US government shutdown stretches into its third week, Senate Democrats are gearing up for a crucial vote to potentially end the impasse. In a timely move, they are also organizing a roundtable with crypto leaders to address the stalled market structure bill. This meeting is significant as it highlights the ongoing discussions around cryptocurrency regulation, which could have far-reaching implications for the industry and investors alike.

A Texas investor has made headlines by purchasing 5 million nickels for $250,000 as a hedge against inflation. This bold move highlights a growing trend among individuals looking for tangible assets to protect their wealth in uncertain economic times. By investing in metal coins, the investor not only secures a physical asset but also taps into the historical value of currency, making this story significant for those concerned about inflation's impact on their finances.

Solana Company has taken a significant step by filing a Form S-3 with the SEC, aiming to expand its treasury focused on Solana and enhance investor access to crypto-linked securities. This move is important as it not only signals the company's growth ambitions but also reflects a broader trend of increasing institutional interest in cryptocurrency investments.