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Biggest Movers: SOL, MATIC Move Away From Key Support Levels on Saturday


Solana climbed for a third consecutive session, as crypto markets rebounded to start the weekend. At the time of writing, the global market cap rose by 3.3%, as bullish sentiment returned. Polygon was another notable gainer, surging by over 5% on Saturday. Solana (SOL) Solana (SOL) raced to...

Defying SEC: Solana, Cardano, and Polygon Disagree with 'Security' Label


In an ongoing battle against the Securities and Exchange Commission (SEC), Solana, Cardano, and Polygon have united forces to challenge the classification of their cryptocurrencies as securities. This comes as lawsuits unfold against major exchanges Binance and Coinbase, these prominent projects...

Robinhood Reports 68 Percent Decline in Crypto Trading Compared to 2022


Robinhood Markets Inc. reported on Monday that crypto trading plummeted 68 percent compared to the previous year. Crypto trading was close to $2.1 billion in May 2023 compared to $6.6 billion just a year before, the mobile focused brokerage firm said in its report on monthly operating data. ...

Solana Foundation disputes SEC’s claim of SOL as a security


Solana Foundation, a non-profit organization in Switzerland, expressed disagreement with the characterization of the United States Securities and Exchange Commission of the platform’s native token, SOL, as securities. The US regulator called Solana’s SOL, along with 11 other cryptocurrencies...

SOL is 'Not a Security', Insists Solana Foundation Amid SEC Lawsuits


The Solana network’s native token SOL is “not a security,” despite the Securities and Exchange Commission (SEC) claiming otherwise, the Solana Foundation has said. Commenting on the regulatory status of its token to CoinDesk on Thursday, the Solana Foundation made it clear that it still sees...

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