What’s up everybody! Welcome back to another episode of SOLANA WEEKLY! I'm your host, Thomas Bahamas. After a short break, we're diving back into the world of Solana with some exciting updates and insights.
Highlights:
Solana Price Analysis: Currently at $23.95. We witnessed a sharp rise from just under $19, aligning with the broader narrative.
SolEth Performance: A remarkable rise of over 20%. This surge is significant, especially with Ethereum's recent news about the launch of a futures ETF and Grayscale's application to transition ETHE to an ETF. (Side note: Not a fan of Grayscale!)
Sol BTC Update: We're seeing a notable uptick, and it's impressive given Bitcoin's strong performance.
Token Talk:
SPL/Shit token season: How do we navigate this?
Mentions: Bonk bit, OPOS, Bonk, Bern.
Social finance updates: A slowdown in Social fi, with Friendzy hitting a pause.
Friend tech's vulnerability to sim swaps: A reminder to secure your 2FA on Twitter.
Quekz's momentum and the prevailing narrative around Breakpoint.
DeFi on Solana: Despite the token's price being 10% off its ATH, TVL has reached new heights.
Alt L1's: A surge in mentions of Sui, Aptos, and even Avax. While we might see some short-term gains, the long-term prospects remain uncertain.
Tax Talk:
The looming threat of regulatory capture and the potential risks associated with it.
The importance of accurate tax reporting, especially with platforms like TurboTax moving towards crypto support.
Personal note: I've decided to engage 'cryptotaxsucks' on Twitter to review my 11,000+ transactions. It's an investment in peace of mind and ensuring compliance.
Join us for all this and more on SOLANA WEEKLY. Stay informed and stay ahead!
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