SOL Bulls Take a Breather After Pumping Millions Into ETFs

Kalshi has transitioned its event contracts to the Solana blockchain, marking a significant shift in the operation of prediction markets by integrating U.S.-regulated platforms into decentralized finance. This move aims to enhance liquidity and attract a broader user base within the cryptocurrency community.

Bitcoin's price dipped below its 'fair value' for the first time in two years, prompting a network reset characterized by a flush of leverage and accumulation by long-term holders. Following this adjustment, the price has rebounded above fair value, suggesting a potential for significant gains in the coming months.

AAVE's native token surged by 14% following the integration with Bybit and Mantle, which connects the decentralized finance (DeFi) lender to a user base of 70 million. This upward movement has allowed the token to break through a significant resistance level, with a target of reaching $190 in the near future.

Solana's on-chain flows indicate a significant supply shift as the cryptocurrency trades near key support levels, with recent price movements keeping SOL above $120 despite subdued demand from futures traders. This situation reflects ongoing volatility in the market, as traders remain cautious amidst fluctuating investor sentiment.

Amazon has entered the competitive landscape of artificial intelligence (AI) amid rising concerns over cryptocurrency and risk assets, signaling a significant shift in its business strategy. This pivot comes with potential risks, including heavy borrowing and sustainability issues, particularly if demand for AI technology declines.

Kalshi has launched on-chain event contracts integrated with the Solana blockchain, enhancing its platform for prediction markets. This move allows users to engage with decentralized event contracts, tapping into the growing cryptocurrency liquidity. The integration is seen as a significant step in expanding Kalshi's offerings in the prediction market sector.

Bitcoin and major altcoins, including Pepe Coin, Solana, and XRP, experienced a significant price surge on December 2, recovering from previous losses. Bitcoin rose by 6.5%, while Pepe Coin, Solana, and XRP also saw notable increases, contributing to a rebound in the overall cryptocurrency market.

Bitcoin's volatility has recently diverged from the VIX, indicating a widening spread between BTC and S&P 500 implied volatility indices. This shift suggests potential trading opportunities as market dynamics evolve. Analysts are closely monitoring these changes as Bitcoin's price has recently rebounded to around $91,000 after a significant sell-off.