Altcoins News

Solana is positioning itself as a worthy competitor of Ethereum after a recent major milestone for the blockchain.

In the midst of a downtrend in the crypto market, some traders are still achieving extraordinary profits.

Investors have pulled nearly $2 billion from Grayscale’s Ethereum ETF (ETHE) since it transitioned from a trust, with the fund’s value now at $6.7 billion due to declining Ethereum prices.

On July 31, U.S. Ethereum ETFs returned to negative results with net outflows of $77.2 million, after registering only their second day of positive inflows since inception on July 30.

Circle’s USD Coin (USDC) experienced a significant boost in trading volume and market capitalization in July, largely influenced by new European digital asset regulations.

For the second time since their launch, spot Etherium (ETH) exchange traded funds saw net positive inflows.

Despite a general slowdown in the cryptocurrency market, Solana (SOL) appears to be defying the trend with strong performance across various time frames.