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Solana (SOL) saw a 7.2% drop and landed at $124.33. Crypto.com Coin (CRO) closed at $0.08 after a 6% shift. XRP fell 4.9% to $2.13. Meanwhile, Binance Coin (BNB) also had a quiet day, hovering at $553.14.
In a broader context, Solana (SOL) faced strong headwinds, slipping 22.5% over the past seven days.
Overall, the market reflected bearish sentiment, as multiple assets decreased in value.
Charlie Bilello, chief market strategist of Creative Planning, said that gold and bitcoin lead all major asset classes in performance for 2025, marking a unique occurrence.
Binance has announced an update to the collateral ratios for several assets under its Cross Margin platform, set to occur between July 25 and August 1.
Changpeng "CZ" Zhao, founder of Binance, said that the New York Stock Exchange (NYSE) should not be equated with the entire U.S. economy.
Vitalik Buterin, co-founder of Ethereum, said that building layer-2 networks to leverage Ethereum’s core features delivers security and efficiency unachievable by earlier enterprise blockchains.
Marina Markezic, co-founder of the European Crypto Initiative, said that increased regulatory attention on Maximal Extractable Value (MEV) necessitates counter-measures to protect users and maintain market integrity while ensuring blockchain...
Changpeng Zhao, founder of Binance, has said that a Bloomberg article contained multiple factual errors and suggested that legal action for defamation could be considered again.
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