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Jan 11, 2024

Crypto Surge: SOLANA & BONK Rise Amidst Bitcoin ETF Buzz

By: Bhumi Shrivastava

SEC's potential Bitcoin ETF approval seen as a strategic move to reinforce control over the crypto market.

SEC Strategy 

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Solana's hybrid consensus (Proof-of-History + Proof of Stake) addresses the blockchain trilemma, enhancing market appeal.

Innovative Consensus

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Bonk, on Solana's blockchain, surges 25%, trading at $0.00001315, driven by social activity and an $800 million market cap.

Bonk's Rally

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Solana's layer1 blockchain, known for speed and cost-efficiency, hosts DeFi platforms and NFT markets, adding allure.

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Fast & Cheap Solutions

TD Cowen highlights SEC's need to align with global crypto innovation, framing the Bitcoin ETF approval as a pivotal move.

Crypto Confidence Boost

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Cramer's views on Bitcoin ETFs reflect his mixed feelings about the cryptocurrency, as he sees both opportunities and risks in the market.

Bottom Line

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