🌀 Coinbase has added support for #Solana for crypto-backed loans amidst a surge in loan issuance exceeding $2.3 billion $SOL The exchange has expanded its on-chain crypto-backed lending product by adding Solana as collateral. Now users can borrow up to $100,000 against their SOL.
The total volume of crypto-backed loans issued by Coinbase has surpassed $2.3 billion. Of this, approximately $2.17 billion was backed by $BTC , while around $110 million was backed by ETH.
The unrealized losses volume for long-term BTC holders during the current correction is very low compared to the size of the losses that formed the bottom in previous cycles — data from Glassnode $BTC
TRON has surged by 26% over the last 3 months, but the level of FUD and crowd skepticism in the TRX token rally is still running high. Many long-term holders are genuinely hesitant to dive into $TRX due to the ongoing accusations against Justin Sun for manipulation, constant lawsuits, and increased regulatory scrutiny — Santiment
Avalanche is increasingly being positioned as a blockchain infrastructure for institutions transitioning to blockchain. $AVAX J.P. Morgan, Apollo, Citi, KKR, Broadridge, Intain, Progmat, and Lynq are among the companies leveraging Avalanche for asset management, settlements, tokenization, and structured finance.
🪙 Solana is rolling out a major update Alpenglow$SOL
The Solana devs at Anza have announced the launch of the Alpenglow update on a community-built testnet. This upgrade transitions the blockchain from its current consensus mechanism to a new architecture aimed at drastically reducing transaction finality times and boosting network responsiveness.
Alpenglow is touted as the biggest overhaul of the Solana core protocol to date. During validator testing, the price of SOL surged over 15% in just 24 hours, outpacing all top-10 cryptocurrencies by market cap during that period.
📈 $BTC Bullish-Bearish Cycle Indicator Turns Green for the First Time Since 2023
Right now, the odds that this is a local peak are slightly higher than the start of a full-blown rally. To confirm the bullish scenario, the price needs to firmly establish itself above current levels and show real liquidity inflow.
This indicator is one of the most accurate markers for changing market regimes. When it leaves bearish territory, it usually signals the end of a deep correction phase and the beginning of market structure recovery. This was the case in 2019 and early 2023.
📊 USDC is showing signs of recovery: what does this mean for the market?
The sharp drop in April signaled a cooling phase: a decrease in trading volumes on DEX, a slowdown in DeFi protocols, and investors shifting into accumulation/holding mode.
The current increase in the number of addresses is a positive indicator. Liquidity is flowing back into the ecosystem, and users are starting to interact with decentralized applications (dApps) again.
A key metric to confirm the bullish trend will be the ability of the indicator to break the previous high of 197K. If this happens, we’ll get strong confirmation of the revival of global interest in the market and an influx of new capital.
🪙 $TON just got a new tool and extension on Binance
TON Core launched Acton — a tool for smart contract development. This is a direct upgrade to the infrastructure for devs and another signal to strengthen the TON ecosystem.
Binance added new pairs for TON: TON/U and TON/USD1. Meanwhile, the market received more entry points into the asset, and TON is back in the spotlight.
16 years ago, GPUs first gave miners a huge boost in efficiency over CPUs. At this stage, the network adopted a new mode of operation — the computational speed skyrocketed by approximately 130,000%.
This was the moment that effectively changed mining forever: from enthusiasts on CPUs to a race for more powerful computations. ⚡