logo
CoinDesk 20 Performance Update: Solana (SOL) Drops 5.4%, Leading Index Lower

CoinDesk 20 Performance Update: Solana (SOL) Drops 5.4%, Leading Index Lower

Yahoo2 days ago
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.
The CoinDesk 20 is currently trading at 2998.73, down 2.7% (-82.39) since 4 p.m. ET on Monday.
One of 20 assets are trading higher.
Leaders: BCH (+0.3%) and BTC (-0.9%) lead.Laggards: SOL (-5.4%) and APT (-4.7%).
The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Solana Treasury Firm Expands SOL Holdings and Staking Strategy With $2.7M Purchase
Solana Treasury Firm Expands SOL Holdings and Staking Strategy With $2.7M Purchase

Yahoo

time10 minutes ago

  • Yahoo

Solana Treasury Firm Expands SOL Holdings and Staking Strategy With $2.7M Purchase

Solana's on-chain fundamentals gained a major vote of confidence on Thursday as Florida-based DeFi Development Corp (DFDV) announced it had expanded its SOL SOL treasury by acquiring 17,760 additional tokens. The purchase, valued at approximately $2.72 million, was executed at an average price of $153.10 per token. This move aligns with the company's stated long-term strategy of compounding SOL holdings and staking rewards. Following this acquisition, DeFi Dev Corp's total holdings reached 640,585 SOL and SOL equivalents, representing a U.S. dollar value of around $98.1 million. Based on the company's last reported total of 14,740,779 shares outstanding, the current SOL-per-share (SPS) stands at 0.042, or roughly $6.65 per share using the day's price data. All newly acquired SOL will be staked with a variety of validators, including DeFi Dev Corp's own infrastructure on the Solana network. This approach enables the company to earn native yield through staking rewards and validator fees, while directly contributing to Solana's decentralization and operational resilience. DeFi Dev Corp has positioned itself as the first public company to make Solana the centerpiece of its treasury strategy. In addition to accumulating and staking SOL, it is also actively engaged in decentralized finance (DeFi) opportunities and ecosystem participation. The company's treasury strategy offers shareholders direct economic exposure to the token while supporting Solana's application-layer the time of writing, SOL was trading at around $150.75, down 1.6% in the past 24-hour period, according to CoinDesk Research's technical analysis model. Meanwhile, the broader crypto market, as gauged by the CoinDesk 20 Index (CD20), is up 0.13% in the same period. Technical Analysis Highlights SOL ranged from $156.28 to $150.04 between July 2 17:00 and July 3 16:00, reflecting 4.15% volatility. Strong resistance formed at $156 during early trading hours, with above-average volume triggering a reversal. Price dropped below key support at $152 during the 12:00–15:00 period, settling at $150.44. In the final hour (15:16–16:15 UTC), SOL declined 0.63% from $151.85 to $150.89. A sharp selloff occurred at 15:35 UTC, with price dropping to $150.44 on high volume (213.6K). Support emerged at $150.35 with increasing buy-side activity and a modest recovery in the final minutes. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

APT Miner launches GreenMine 2.0, redefining the global green cloud mining method
APT Miner launches GreenMine 2.0, redefining the global green cloud mining method

Business Upturn

time23 minutes ago

  • Business Upturn

APT Miner launches GreenMine 2.0, redefining the global green cloud mining method

London, UK, July 03, 2025 (GLOBE NEWSWIRE) — GreenMine 2.0 is no longer limited to technical players or big capital players. It combines an AI-driven smart mining system with a 100% renewable energy infrastructure, allowing anyone – no matter where they are or whether they have a technical background – to participate in cloud mining of mainstream cryptocurrencies (such as BTC, DOGE, LTC, ETH, etc.) through their mobile phones and easily obtain stable passive income. Bitcoin surges, cloud mining becomes more popular The price of Bitcoin recently broke through $109,000 , just one step away from its all-time high. Market analysts generally believe that the continued inflow of ETF funds (such as BlackRock's IBIT's net inflow of more than $1.3 billion in a single week) and the expectation of a shift in the important catalysts for the rise of crypto assets. LEAF, Jason, CEO of APT Miner, said: 'GreenMine 2.0 is not only a technological upgrade, but also a change of concept. We hope to make crypto mining as simple as using a mobile app, so that more ordinary people can participate in the digital economy safely and environmentally friendly.' GreenMine 2.0: Five key highlights Zero threshold registration, free to start mining Users can get a welcome bonus of $ 15 worth of new users without any registration fee . The platform promises that even if you don't invest a penny, you can get a minimum of $0.60 in daily withdrawable income . The AI-driven intelligent automatic mining platform uses AI to monitor on-chain data and market price fluctuations in real time, and automatically switches to the most profitable currency for mining. No hardware or maintenance is required, mining has never been so efficient and worry-free. Completely carbon-neutral operation All data centers of GreenMine 2.0 are powered by solar and wind energy, and combined with heat recovery technology to maximize energy efficiency and practice green mining in the true sense. Diversified contracts and flexible returns The platform provides more than 10 flexible contract options, covering high-frequency short-term returns and stable long-term value-added models. Users can choose BTC, ETH, LTC, XRP and other mainstream currencies to participate according to their personal strategies. Convenient mobile wealth management experience dedicated App (supports iOS and Android) allows users to easily manage income, view mining progress and withdraw cash instantly. Withdrawal speed is as fast as 60 seconds , supporting more than 10 mainstream crypto assets. Global Vision of Green Mining At a time when traditional mining is widely questioned for its carbon emissions, APT Miner has completely gotten rid of the old model of relying on coal-fired power by leveraging multiple data centers powered by renewable energy around the world. At the same time, the platform does not charge any hidden fees to users and operates around the clock, truly making green mining benefit every user. 'From small entrepreneurs in India to freelancers in Africa to retirees in Europe and the United States, we hope that every ordinary person can participate in the future of digital finance through GreenMine 2.0,' Jane added. New Global Alliance Incentive Program In order to expand its global influence, APT Miner has launched a competitive referral system. For each successful recommendation of a new user, the platform will provide a reward commission of up to 5% , with a single reward cap of up to $ 50,000 , to encourage users to further monetize their crypto-earning capabilities . Roadmap: Next phase of global expansion In the coming months, APT Miner will launch the following functional modules: Transparent profit proof mechanism based on smart contracts AI-driven portfolio rebalancing tool Local data center layout in Latin America and Southeast Asia to improve connection speed and stability for regional users Fiat currency payment channel integration (supports bank cards and credit cards) to optimize the deposit experience for novice users Compliance, security and credibility assurance APT Miner operates with licenses in multiple jurisdictions and regulatory standards. Both the platform architecture and smart contract system have passed third-party audits to ensure that the platform operates transparently, safely and reliably. So far, the platform has covered more than 180 countries and regions , with the United States, Nigeria, India and Brazil having the highest user activity. Since its test launch at the beginning of the year, the platform has more than 9 million active users. About APT Miner Founded in 2018 , APT Miner is committed to creating green, low-threshold, and highly accessible cryptocurrency cloud mining solutions. The company's vision is to enable any ordinary person in the world to easily participate in the digital financial ecosystem in an intelligent and environmentally friendly way and achieve stable returns. For more information, please visit the official website: Click to download the APP now Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or trading recommendations. Cryptocurrency mining and staking involve risks and the possibility of losing funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash

Is Strategy Stock (MSTR) Still a Buy After a 210% Jump?
Is Strategy Stock (MSTR) Still a Buy After a 210% Jump?

Business Insider

timean hour ago

  • Business Insider

Is Strategy Stock (MSTR) Still a Buy After a 210% Jump?

Strategy (MSTR) stock has soared about 210% over the past year, fueled by its bold bet on Bitcoin (BTC). For many investors, it has become a popular way to gain exposure to Bitcoin without owning the cryptocurrency directly. The company now holds more than 597,000 Bitcoin, valued at around $64 billion. That makes it the largest corporate holder of Bitcoin in the world, according to Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. With Bitcoin trading above $100,000, bulls believe there's still room to run. And with Wall Street maintaining a Strong Buy rating on MSTR stock, many investors see more upside, though risks remain if crypto momentum fades or regulations tighten. Bitcoin Holdings Keep Growing On June 30, Strategy announced it had acquired 4,980 Bitcoin at an average price of about $106,800 per coin. The purchase was funded through its at-the-market (ATM) stock offering. In total, the company added 69,140 Bitcoin in the second quarter, topping TD Cowen's estimate of 66,000. With Bitcoin prices rising, those purchases have grown in value, giving Strategy billions in unrealized gains. CEO Michael Saylor remains firm in his belief that Bitcoin is the most valuable asset of this era, and Strategy is positioning itself as the largest corporate holder in the world. Wall Street Is Bullish on MSTR Analysts remain bullish on Strategy, even after the stock's sharp rally. TD Cowen's Top analyst, Lance Vitanza, has reiterated a Buy rating on the stock with a $590 price target, implying a 47% upside from current levels. He praised the company for 'closing Q2 in style' after beating Bitcoin purchase estimates. Vitanza believes Strategy is a 'compelling vehicle' for investors seeking direct Bitcoin exposure. His model now assumes Strategy will hold over 850,000 BTC by the end of FY27, or about 4.1% of all Bitcoin that will ever exist. The average Wall Street rating on MSTR is Strong Buy. However, it is important to remember that if U.S. policies or global tax laws change, it could shake up the crypto market and hurt MSTR stock. Is MSTR Stock a Buy, Sell, or Hold? MSTR, earlier known as MicroStrategy, is a high-risk, high-reward stock. Currently, Wall Street is bullish on Strategy stock, with a Strong Buy consensus rating based on 11 Buys and one Sell recommendation. The average MSTR stock price target of $533.50 implies about 32.62% upside potential from current levels.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store