NewsletterEthereum Founder Feels Sorry For Solana; Here’s Why
Ethereum News: Vitalik Buterin, Ethereum co-founder announced that he will open up about crypto and non-crypto queries. This comes in when the biggest of the cryptos like Cardano (ADA), Polygon (MATIC), and Solana (SOL) got categorized as “Security” by the U.S. Securities and Exchange Commission (SEC) in the latest lawsuits.
Also Read: XRP Whales Scoops 360 Million XRP; Ripple Lawsuit Verdict Near?
Ethereum To Emerge As Winner?
A user asked Buterin, how he feels about the US policy approach to crypto amid recent enforcements. Ethereum founder stated that he feels bad that major projects like Solana are getting hit in this way. He asserted that these blockchains don’t deserve this.
He mentioned that if Ethereum ends up winning when all other blockchains are getting kicked off from crypto exchanges, would not present an honorable way to win. However, he suggests that this isn’t even a victory in the long term.
As per Ethereum founder, its real competition is not with other chains in the crypto industry as it is rapidly expanding in the centralized world. Meanwhile, Buterin wished that all the blockchain projects get a fair outcome amid the increasing uncertainty. Read More Ethereum News Here…
Also Read: ADA, MATIC, ALGO Are Not “Securities”: XRP Lawyer
Solana Makes Huge Comeback?
The US SEC in the recent lawsuit filed against Binance and its CEO Changpeng Zhao alleged that crypto assets like Cardano (ADA), Solana (SOL) and Polygon (MATIC) as unregistered securities. However, the list carries other famous cryptos like SAND, MANA, ATOM, FIL and more.
Solana price registered a huge collapse over SEC’s categorization. However, SOL made a huge recovery on Friday as its price spiked by around 15%. Solana is trading at an average price of $18.7, at the press time. Its 24 hour trading volume is up by 165% to stand at $997 million.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Eric Trump Says Now Is a Great Time to Buy Bitcoin Amid Crypto Crash
- Dogecoin, Cardano, Shiba Inu Eye Wider Adoption as Coinbase Announces Perpetual-Style Futures
- Solana News: SOL’s Supply Could Drop Twice as Fast as Disinflation Proposal Goes Live
- Trump Tariffs: White House Prepares Plan B as Crypto Market Awaits Supreme Court Ruling
- Michael Saylor’s Strategy Hints It Will Keep Buying Bitcoin, Citing 2022 Bear Market Playbook
- WLFI Price Soars 17%: What’s Fueling the Surge?
- Dogecoin Price Eyes $0.2 Rally Ahead of Grayscale’s NYSE ETF Debut on November 24
- Crypto Market Eyes Major Rebound as Fed Rate Cut Chances Rise to 71%
- Dogecoin Price Finds Support: Can the 21Shares & Grayscale DOGE ETFs Spark a Surge?
- Will Solana Price Crash Under $100 as Crypto Market Signals Further Downside?
- Ethereum price Drops Below $2,700 as US Jobs Data Hits Rate-Cut Hopes
