| 24h Majors & Movers | ||||||
|
BTC $59.6k | ↗ 1% |
|
HYPE $63 | ↗ 1% | |
|
ETH $1.5k | ↗ 1% |
|
JTO $0.85 | ↗ 24% | |
|
SOL $72 | ↗ 10% |
|
AAVE $93 | ↗ 15% | |
Base Stalls Again!
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- 🔵 Base dealt with its second mainnet stall in two days while also delaying its Beryl hard fork over an issue with its token standard.
- 🔮 Democrats and Republicans joined hands to call for a CFTC investigation into Polymarket over fake promotional bets while DraftKings launched DKeX, bringing its prediction markets in-house after previously routing trades through outside exchanges.
- 💰 In other news,
Framework Ventures announced a $400M fourth fund to keep backing stablecoins, tokenization, and digital assets while expanding further into AI, robotics, energy, fintech, and other frontier technologies.
Tracking crypto prices these past few weeks, I've noticed more than a few stretches where the majors move together. BTC's down 1%, so ETH and SOL are down 1%, give or take, etc.
Common enough. And lately, crypto's juggernauts have been outpaced by hotter midcaps like HYPE or NEAR. Rotations moving down from the top of the hill, so to speak.
Yet I hadn't seen SOL lead until today. BTC and ETH are up 1%, HYPE and ZEC are up 4%, and SOL is up 10+%. Money moved up the hill.
So why the run? Plenty of top 100 coins look oversold right now, but the case is easier to make for SOL than for most.
As we've written out, AI has pushed DeFi's risk-reward to its worst point yet.
Exploits drain protocols faster than ever, and the reward for absorbing that risk is treasury-level yield. Stake your capital for 4%, or stake the same capital chasing a 5x. The math simply favors speculation, which means perps, prediction markets, memecoins, tokenized collectibles: all of which live on Solana, with the chain particularly dominating the latter two.
And to access any of these, you need SOL. Last month, the loudest trade in crypto was long HYPE, short SOL. 
Hyperliquid earned real institutional recognition, and the HYPE/SOL pair became one of CT's favorite conversations. Hyperliquid built tall in a single vertical. 
Solana built wide, a fast general-purpose chain with deep liquidity and a crowded app scene. Hyperliquid gives you one of those use cases. Solana gives you the whole menu...
Bitget’s Stocks 2.0 brings 500 major equities and ETFs (like Tesla and NVIDIA) directly to your portfolio. Enjoy 1:1 mapping, deep liquidity, and USDT dividend payouts with ultra-low 0.04% fees.
