Digital Asset Digest: Key Updates on Solana, Visa, and Cardano
Solana ETFs See First Net Outflows
Solana-based Exchange-Traded Funds (ETFs) have recorded their first net outflows since their launch, totaling $8.2 million. This shift ends a 22-day streak of consistent inflows and was largely driven by a $34 million withdrawal from 21Shares. Despite the ETF outflows, the price of SOL has shown resilience, rebounding to the $140 mark.
Visa Partners with Aquanow to Expand Stablecoin Settlements
Visa is collaborating with crypto fintech firm Aquanow to enhance its stablecoin settlement capabilities. The partnership aims to extend these services across the Central and Eastern Europe, Middle East, and Africa (CEMEA) regions, signaling a deeper integration of digital assets into traditional payment networks.
Hoskinson Blames Institutions for Cardano Price Drop
Following a 35% decline in Cardano’s value over the past month, founder Charles Hoskinson has offered a controversial explanation for the downturn. He suggested that the actions of institutional investors were a primary factor behind the significant price drop, leaving the community to debate the cause.
Pi Network Partnership Sparks Bullish Momentum
The Pi Network’s new partnership with CiDi Games is generating positive sentiment for Pi Coin, which is now approaching a key resistance level. Analysts suggest that if the coin can break through this barrier, it could open the path toward a potential 15% rally.