DL News

2 days ago | dlnews.com | Andrew Flanagan

Three companies have committed more than $50 million to the strategy. Solana has multiplied in value eight times in the last two years. Will Solana behave like Bitcoin? Michael Saylor’s love of Bitcoin has spawned numerous copycats. But three companies have put a fresh twist on his approach — instead of acquiring Bitcoin they are devoting their balance sheets to SOL, the cryptocurrency issued by Solana.

2 days ago | dlnews.com | Andrew Flanagan

Ethereum was up by over 42% this week, far outpacing Bitcoin’s gain. Searches for “etherium” spiked. Is sentiment turning around? Retail investors spooked by endless negative headlines — FTX’s implosion and memecoin pump-and-dumps among them — are turning their heads toward Ethereum again, lured by Ether’s outperformance over the past week. At least, if poorly informed searches for Ethereum are to be believed. “Google searches for ‘Etherium’ — misspelled — are spiking.

3 days ago | dlnews.com | Edward Robinson

The GuidanceRepublicans failed to fast-track Genius Act. Bipartisan approach holds the key to rest of industry's agenda. Crypto leaders struck a diplomatic tone after the setback. A version of this story appeared in our The Guidance newsletter on May 12. Sign up here. The crypto industry and their Republican allies on Capitol Hill just learned a painful lesson — they’re not going to get anything passed without Democratic support.

3 days ago | dlnews.com | Liam J. Kelly

Trump's memecoin drew a legion of avatars, bots, and mavens. Trump memecoin creators raked in a whopping $320 million in fees, analysts say. The crypto industry is getting blowback on Capitol Hill. Besides making millions, the biggest winners trading the world’s first-ever presidential memecoin all have one thing in common: an impeccable sense of timing. Within a day of its launch, the $TRUMP memecoin ballooned to over $14.5 billion. Less than a week later, it had halved.

5 days ago | dlnews.com | Osato Avan-Nomayo

Coinbase's revenue and net income fell in the first quarter. XRP outperformed Ethereum and Solana on the exchange. Chances are, Coinbase investors knew the first quarter was going to be lacklustre. Bitcoin, after all, skidded 11% in the period. Sure enough, retail crypto trading at Coinbase, the top US exchange, 17% in the first three months of the year, to $78 billion, according to the company’s earnings report.