Milei's Foray Into Memecoins Highlights a Solana ‘Hellscape'
Muyao Shen reports that Argentina President Javier Milei's brief foray into the world of memecoins is leaving a mark on the Solana blockchain that hosts many such tokens.
Players in the crypto market are usually good at spinning a bad situation into good-news story. Think of the collapse of the FTX exchange and its related companies, which many said was a cleansing moment for the industry because it washed out bad actors.
Lately, the proliferation of memecoins has been touted as a good development for crypto because, among other things, the tokens create a 'fairer' playing field for smaller investors, a key step forward toward mainstream adoption.
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Business Upturn
12 hours ago
- Business Upturn
Bitcoin Solaris Presale Surges Past $3.8M as Final $6 Phase Nears Close
By GlobeNewswire Published on June 8, 2025, 16:11 IST TALLINN, Estonia, June 08, 2025 (GLOBE NEWSWIRE) — The crypto community is buzzing as Bitcoin Solaris (BTC-S) crosses a major milestone, raising $3.8 million in its ongoing presale. With over 11,000 participants already onboard and the token price still at just $6, this marks one of the most rapid early-stage raises of 2025. Built with a clear focus on speed, decentralization, and developer-ready infrastructure, Bitcoin Solaris is more than just another token—it's a full-stack blockchain ecosystem gearing up for mainnet launch. The current phase of the presale is expected to end within days, ahead of the next price jump to $7. Why Bitcoin Solaris Is Outpacing the Crypto Pack Bitcoin Solaris was built to take the best of each and leave the problems behind. Here's how it does that: Combines Proof-of-Work and Delegated Proof-of-Stake for a dual-consensus model. Runs up to 100,000 TPS on the Solaris Layer, with 2-second finality. Secures its Base Layer with SHA-256, keeping it compatible with existing mining rigs. Includes 21 rotating validators, ensuring decentralization with performance. Why Everyone Is Talking About It From top Telegram groups to influencer channels, the buzz around Bitcoin Solaris is only growing. The detailed breakdown by Ben Crypto highlights why this project stands out in a sea of overpromises. With real use cases, deep audits, and a scalable structure, the hype isn't artificial—it's earned. What makes this even more incredible? The presale isn't even over yet. Current phase: 6 (last day) Current price: $6 Next phase: $7 Launch price: $20 Potential return: 1,900% Already raised: $3.8 million This is being hailed as one of the shortest and most explosive presales in recent memory, and the countdown has officially begun. Core Features That Power the Frenzy At the heart of Bitcoin Solaris is one idea: speed without compromise. Let's break down why it's different: Hybrid PoW/DPoS Consensus: Maintains decentralization while enabling speed. Validator Rotation: Every 24 hours, keeping the system agile and secure. Energy Efficiency: Uses 99.95% less power than Bitcoin. Cross-Chain Bridges: Built-in support for interoperability with Solana and others. Rust-Based Smart Contracts: Initially leveraging Solana tools for dApps and DeFi expansion. Audited Infrastructure: Smart contracts have been fully reviewed by Cyberscope and Freshcoins for trust and security. This Is How Bitcoin Solaris Will Make People Rich Wealth isn't made by buying late. It's built by spotting what's early—but solid. Bitcoin Solaris isn't a copycat. It's a new layer of infrastructure designed to generate value for real participants. The reward distribution model ensures that every piece of the network feeds back into the community: 40% of rewards go to miners 25% go to validators 20% go to stakers 10% funds for long-term development 5% support community initiatives Unlike many coins where wealth consolidates at the top, BTC-S is structured to empower long-term holders, contributors, and those who participate early. Real Vision, Real Roadmap Bitcoin Solaris isn't pitching hope—it's executing a plan. Here's the official roadmap: Bitcoin Solaris Roadmap Summary Phase 1 (Q2–Q4 2025): Token generation, whitepaper, core devs, and presale launch Phase 2 (Q1 2026): Testnet, wallet, bridge integration, architecture optimization Phase 3 (Q2 2026): Final mainnet prep, dev tools, exchange listings Phase 4 (Q3 2026): Mainnet launch, AI-powered app release, governance rollout Phase 5 (Q4 2026): DApp accelerator, Mining Power Marketplace, hardware wallet integration Phase 6 (Q1–Q2 2027): Layer-2 upgrades, DEX, and quantum security Phase 7 (Q3–Q4 2027): Fortune 500 partnerships, institutional tools, Innovation Labs Phase 8 (2028+): AI integration, government collaborations, long-term evolution That's not just a vision board—it's an execution framework already in motion. The Final Surge Is On Bitcoin Solaris isn't just another token looking for attention. It's a serious infrastructure play backed by smart tech, audited code, and a growing army of supporters. With $3.8 million raised and momentum accelerating, this is one of the few presales that feels like more than a hype train. And with the price still sitting at just $6 for a very short time—this might be the final opportunity to ride the wave before it takes off. For more information on Bitcoin Solaris: Website: Telegram: X: Media ContactXander Levine [email protected] Press Kit: Available upon request Disclaimer: This is a paid post and is provided by Bitcoin Solaris . The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. 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In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page. Legal Disclaimer: This media platform provides the content of this article on an 'as-is' basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above. Photos accompanying this announcement are available at: Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. 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Yahoo
16 hours ago
- Yahoo
3 Warning Signs That It's Time to Sell Cardano
Cardano's competitors are attracting more attention, capital, and talent. They're also getting more adoption and perhaps more favorable regulatory treatment. Its latest tech upgrades aren't exactly wowing the market. 10 stocks we like better than Cardano › Few investments age gracefully when the world around them speeds up. The same pressure applies in crypto. Builders, investors, and users do not wait politely for laggards to catch up; they migrate to speed, liquidity, and, most of all, excitement. That reality now confronts Cardano (CRYPTO: ADA), which was once celebrated for its emphasis on peer-reviewed research to advance its underlying technology, as well as for its deliberate pace of technical progress. Three red flags, in particular, suggest that the project risks permanent middle-of-the-pack status unless something changes quickly. Let's check out each of these warning signs in detail. In the crypto world, developers are the lifeblood of a blockchain. They build decentralized apps (dApps), protocols, and tools that generate utility, liquidity, and real-world adoption. A thriving developer ecosystem attracts users, capital, and other partners, creating a virtuous cycle that drives a chain's value and growth. Without them, even the most technically sound chain can remain a ghost town. In terms of developer activity in Cardano's ecosystem, it doesn't hold up very well against its chief competitors, Ethereum and Solana. Per Cryptometheus, a cryptocurrency data provider, Solana had 499 active developers, and Cardano had just 175 developers pushing updates for the week, down 33% from three months ago. Furthermore, developers flow toward concentrations of capital, and that capital is pooling elsewhere. Fidelity, a major asset manager, filed in March to list a Solana exchange-traded fund (ETF). Bloomberg now pegs the approval odds of that ETF at 90% for 2025, which would be an institutional seal of approval that no Cardano product enjoys. Meanwhile, Solana's total value locked (TVL) on its chain was nearly $12 billion in January and currently rests at around $8.6 billion. Cardano's TVL is just $331.6 million, down from $680.8 million in early December 2024. That means there's less real money parked on its chain. And when builders, money, and regulators all prefer the other options, it's a big problem. Blockchains tend to have technical constraints. Sometimes, those constraints are troublesome enough for users that the main engineers of the chain create big new modules or other solutions in an attempt to prevent the flight of disaffected investors, users, or ecosystem developers. The success or failure of those solutions is, thus, often a major factor in determining whether to invest in the chain's native token. And in Cardano's case, the record with successfully developing workarounds to the chain's issues isn't great, at least not in recent times. Cardano's Layer-2 (L2) system, Hydra, dazzled testers with a 1 million transactions-per-second (TPS) demo last December, implicitly promising to solve the issue of lethargic transaction times during periods of peak load. L2s like Hydra are designed to handle transactions off the main blockchain, reducing congestion and perhaps also fees while maintaining security and interoperability. But they only matter if users adopt them and volume grows. Otherwise, they're tech demos, not adoption drivers. Five months after launch, no major exchange, payment processor, or other project has committed to using Hydra beyond a pilot. Another solution, called Midnight, is a side chain, which means it's a parallel network intended for specialized features such as privacy, among others. Side chains can extend a blockchain's functionality by providing specialized services that don't burden the main chain. Midnight aims to attract institutional users who want confidential holding of assets on the chain, but so far, no major financial players have signed on, and no real user base exists. These technical marvels might eventually matter. But until developers, institutions, or users adopt them, they remain tantalizing but empty promises. And that's a big warning sign that Cardano is failing to match its development of capabilities to the features that are actually in demand. Crypto is a popularity contest masquerading as a set of technologies. On June 4, Cardano counted around 23,273 daily active addresses, whereas Solana cleared nearly 5 million in the same day. That gap widens whenever meme coin mania or non-fungible token (NFT) drops spark traffic spikes. Those are segments where Cardano barely registers, as its ecosystem is very sparse in both areas. Social chatter mirrors the numbers. Per data from Santiment, a crypto data aggregator, Cardano ranks far below Ethereum and Solana in terms of social media post volume, hinting that investor excitement has simply remained elsewhere. If users, developers, and institutions are not talking about Cardano now, why would they flock to it later? In other words, Cardano's investment thesis -- that academic rigor in the tech development process will eventually lead to late-bloomer dominance -- faces mounting counter-evidence. Unless Hydra suddenly wins real traffic or Midnight lands marquee clients, the token's upside may remain capped while the opportunity cost mounts. And there's just not much evidence to suggest that's happening, nor is there any reason to believe it will soon. Before you buy stock in Cardano, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Cardano wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $669,517!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $868,615!* Now, it's worth noting Stock Advisor's total average return is 792% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Alex Carchidi has positions in Ethereum and Solana. The Motley Fool has positions in and recommends Ethereum and Solana. The Motley Fool has a disclosure policy. 3 Warning Signs That It's Time to Sell Cardano was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Yahoo
Solana 's SOL Rebounds as Buyers Step In Above $147
SOL SOL showed renewed strength Saturday as it rebounded from a low of $147.13 to trade back above $151, despite lingering global macroeconomic headwinds. The recovery comes amid a spike in on-chain activity, with Coin Days Destroyed surging to 3.55 billion—its third-highest level this year—indicating movement of long-dormant tokens. The bounce off $147 confirmed a bullish double bottom pattern, supported by rising volume and a return to a short-term bullish channel on the 6-hour chart. Solana now faces overhead resistance near $152.85, where sellers previously stepped in, but a move above that level could open the door toward the $155–$157 zone. While Solana's network fundamentals remain strong, the broader macro environment continues to inject volatility into crypto markets, with ongoing US-China tariff disputes and rising global bond yields weighing on investor confidence. Technical Analysis Highlights SOL rallied from $147.13 to $152.94, gaining 3.95% intraday. Double bottom formed near $147.50, signaling a potential trend reversal. Resistance is developing at $152.50–$153.00, capping upward momentum. Bullish channel seen on 6-hour chart, with volume rising on green candles. Coin Days Destroyed spiked to 3.55 billion, its third-highest reading in 2025. Price dropped slightly in the last hour from $152.51 to $151.77 (0.48%). Hourly chart shows bearish engulfing pattern; $150.85 is near-term support. Disclaimer: 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.
