Bitcoin Falls 30%, Veterans Stay Calm As New Investors Panic

The Solana price has been experiencing a significant decline since October, largely attributed to the actions of the meme coin launchpad Pump.fun, which has reportedly sold over $436 million in SOL. This cash-out has raised concerns about the stability of the Solana ecosystem as it coincides with a broader downturn in the cryptocurrency market.

SGX has successfully launched Bitcoin and Ethereum perpetual futures, achieving a notable trading volume of $35 million on their debut. This marks a significant entry into the cryptocurrency derivatives market, reflecting growing interest from investors in these digital assets.

The cryptocurrency market has seen notable fluctuations, with Bitcoin's price stabilizing around $90,000 despite pressures from ETF outflows and market volatility. This stabilization comes after a period of significant price drops and uncertainty in the market.

XRP has achieved a significant milestone by being included in the FinTech Notes’ Core Global Glossary, reinforcing its position as a reliable payment infrastructure despite a recent decline in its price. This recognition highlights XRP's growing acceptance within the financial sector as a viable digital asset for transactions.

The cryptocurrency market is witnessing a potential bubble in Bitcoin treasuries as companies shift from a HODL strategy to more active management, focusing on yield generation and share buybacks amid significant net asset value (NAV) discounts. This trend indicates a growing urgency among firms to optimize their Bitcoin holdings in response to market pressures.

Over 8% of Bitcoin changed hands in the past week as traders prepared for the US Federal Reserve's upcoming rate decision, marking one of the largest supply migrations in the cryptocurrency's history. This movement reflects shifting expectations regarding potential rate cuts, which have influenced market dynamics significantly.

Santiment has reported a notable increase in Bitcoin wallets holding 100 BTC, suggesting a strategic accumulation by investors who are anticipating potential market recovery. This trend indicates a shift in investor behavior amidst recent market fluctuations.

The DeFi Development Corp has become the first Solana treasury to endorse SIMD-0411, a proposal aimed at accelerating emissions cuts amidst a significant 30% decline in Solana's price. This decision reflects the urgent need for strategic adjustments as corporate holders face financial losses.