SOL News: Novogratz's Galaxy Digital Makes $100M ETH

SOL News: Novogratz's Galaxy Digital Makes $100M ETH

SOL is up 8% in the last month while ether is down nearly 20%.

Galaxy Digital Reportedly Swaps $100 Million Worth of Ethereum for Solana

Mike Novogratz’s Galaxy Digital has reportedly executed a significant swap, transferring approximately $100 million worth of ethereum for solana. According to a post from Wu Blockchain, onchain data from Lookonchain reveals that Galaxy Digital transferred 65,600 ETH, valued at around $105 million, to Binance over the past two weeks. Concurrently, the firm withdrew 752,240 SOL,…

Galaxy Digital Reportedly Swaps $100 Million Worth of Ethereum for Solana - Invest In Crypto News

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Galaxy Digital's Mike Novogratz Swaps 65,600 ETH for 752,240 SOL Amid Market Shifts

Galaxy Digital, led by Mike Novogratz, has executed a significant cryptocurrency swap, moving 65,600 ETH ($105

Solana’s biggest DePIN is setting records

This is a segment from the Lightspeed newsletter. To read full editions, subscribe. Crypto cycles tend to have two big innovations: something real and something ridiculous that distracts retail, pumps the wrong narrative and eventually implodes the market. We’ve had a ton of innovations this cycle, but none have really stuck because memecoins showed up early and stole the show. However, if recent momentum from projects like Helium is anything to…

Solana Overtakes Ethereum in Staking Market Cap—Is the Flippening Finally Here? News ETHNews

Solana briefly surpassed Ethereum in total staked value, driven by strong price performance and high staking yields. This sparked a heated debate about whether the “flippening” is finally underway. Solana briefly surpassed Ethereum in total staked value on April 20, a move that some hailed as a milestone while others cautioned against overly bullish interpretations. According to blockchain data, over $53.9 billion worth of SOL, currently priced …