Crypto Regulation Faces Banking Pushback While Solana Shows Mixed Market Signals
Crypto Regulation Faces Banking Pushback While Solana Shows Mixed Market Signals
An executive from Coinbase has vocalized criticism regarding traditional banks' opposition to a crypto charter application, highlighting ongoing friction in integrating digital assets with traditional finance. Concurrently, Solana (SOL) is experiencing a bifurcated market performance: its associated ETFs have attracted significant inflows, yet the underlying asset's price has broken a crucial yearly uptrend, leading to concerns about a potential price drop towards $120.
The US-based cryptocurrency exchange applied for a national trust charter in October as part of its plans to “bridge the gap“ with traditional finance.
Solana ETFs recorded over $400 million in inflows, but SOL’s price lost a key technical support, sparking fears of a drop toward $120.