Dydx Launches Solana Spot Trading Globally, Enters US Market

Bitcoin and Ether have shown a rebound in the latest ETF weekly recap, while Solana and XRP have extended their inflow streaks, indicating a positive shift in investor sentiment towards these cryptocurrencies. The report highlights a significant inflow of $224 million into Bitcoin ETFs, alongside renewed interest in Ether as ETF inflows resume, suggesting a recovery from previous market volatility.

Solana's price has slipped below $130 after losing significant high-timeframe support, raising concerns about a potential capitulation move towards deeper liquidity levels below $100. This decline reflects a broader trend of vulnerability in the cryptocurrency market, where Solana has struggled to maintain its value amid fluctuating investor sentiment.

CME Group has expanded its cryptocurrency derivatives offerings by introducing spot-quoted futures for XRP and Solana, marking its smallest crypto contracts to date. This move is designed for active traders who prefer spot market terms, eliminating the complexities of contract expiries and rollovers.

Bitcoin's price has plunged below $86,000, marking a significant decline as the cryptocurrency market continues to show weakness, particularly during U.S. trading sessions. This drop follows a trend where Bitcoin tends to fall as American stocks trade, reflecting ongoing bearish sentiment.

Ondo Finance has announced plans to offer tokenized U.S. stocks and exchange-traded funds (ETFs) on the Solana blockchain starting early next year, enabling 24/7 trading with near-instant settlement. This initiative builds on the company's existing portfolio of $365 million in tokenized assets.

BONK, the Solana-based memecoin, has retreated toward lower price levels after failing to sustain gains during a high-volume trading session, indicating a struggle to maintain upward momentum.

Solana's price prediction is currently experiencing a fragile consolidation below declining moving averages, with bearish momentum fading. The cryptocurrency is navigating a tight range defined by dense sell walls above and clustered bids below, indicating uncertainty about its next move.

Phantom Wallet has begun the rollout of its on-chain debit card for U.S. users, enabling them to spend stablecoins through popular payment platforms like Apple Pay and Google Pay. This development was confirmed by Phantom in a post on X on December 15, marking a significant step in the integration of cryptocurrency into everyday transactions.