SEC Delays Send Solana Markets into Turmoil, Prompting Major Sell-Off
by aria-crypto.com
March 12, 2025 at 21:58
SEC Delays Send Solana Markets into Turmoil, Prompting Major Sell-Off
On Tuesday, the US Securities and Exchange Commission (SEC) postponed its decision on multiple altcoin exchange-traded funds (ETFs), inducing a $16 million exodus from Solana's spot markets. This delay has exacerbated negative sentiment towards Solana (SOL), leading to a significant downturn in its market value. Over the past week, continuous outflows from Solana's spot market have exceeded $250 million, reflecting dwindling investor confidence. The Moving Average Convergence Divergence (MACD) indicator suggests a bearish outlook for SOL, with the MACD line below the signal line, hinting at a potential further decline. Currently, SOL is trading at $126.82, but risks dropping to $110 if buying pressure does not improve. Conversely, a strong resurgence in buyer activity could drive SOL's price to overcome resistance at $135.22, potentially reaching $138.84 and above. This trend demonstrates the volatility and uncertainty in the crypto market, especially concerning assets like SOL amid regulatory delays.
Read more
>> EU Regulatory Gains Bolster OKX's Crypto Derivatives Services in Europe
Crypto exchange OKX has advanced its position within the European financial markets by securing a Markets in Financial Instruments Directive II (MiFID II) license. This strategic acquisition enables OKX to offe...
>> South Korea Accelerates Crypto Market Evolution with New Institutional Guidelines
The Financial Services Commission (FSC) of South Korea has resolved to issue comprehensive guidelines by the third quarter of 2025 to govern institutional investments in the cryptocurrency market. This strategi...
>> Russia's New Crypto Strategy: Limited Trading for Wealthy Investors Amid Regulatory Shifts
The Bank of Russia has unveiled a proposal to allow a selective group of investors to engage in cryptocurrency transactions under a tightly regulated, experimental regime lasting three years. This initiative ta...
>> SEC Reviews Key Bitcoin and Crypto ETFs Amidst Regulatory Debates
The SEC has postponed its decision on approving spot ETFs for prominent cryptocurrencies such as XRP, SOL, ADA, and DOGE until May 2025, highlighting a continued emphasis on extensive regulatory evaluation. Thi...
3 hours ago
>> Crypto Controversy Unfolds as Former Court Star Allegedly Manages $100 Million Wallet
Former Supreme Court attorney Tom Goldstein, known for his involvement in founding SCOTUSblog, has been alleged by US federal prosecutors to have accessed a cryptocurrency wallet involved in transactions amount...
5 hours ago
>> SEC, Crypto, and Bloomberg Insights: Analyzing the Delays in ETF Approvals
The U.S. Securities and Exchange Commission (SEC) has once again deferred its decision on approving crucial crypto exchange-traded funds (ETFs) including those for Litecoin, Dogecoin, Solana, and XRP. According...
10 hours ago
>> How US Bitcoin Policy Impacts the Financial Market and Consumer Prices
In the midst of ongoing economic pressures including new tariffs and market volatility, recent U.S. policy decisions surrounding Bitcoin are rapidly reshaping investor actions and broader financial dynamics. Th...
11 hours ago
>> Crypto Expansion Gains Momentum with PayPal's PYUSD in Mesh's $82M Series B Boost
Crypto payments company Mesh has successfully raised $82 million in a Series B funding round to enhance its blockchain-based global settlement network. This funding round was led by Paradigm and saw contributio...
11 hours ago
>> US Crypto Clampdown: Billions in Airdrop Profits Lost
US crypto investors have missed out on between $1.84 billion to $2.64 billion in airdrop profits from 2020 to 2024 due to stringent regulations and geoblocking, according to a new report by DragonFly. The US go...
All the latest crypto news in one place
Stay informed and up-to-date on the market's latest news with our Terminal's News Aggregator with curated news articles and analysis from over 50 sources, including the crypto's biggest publications.
Launch Terminal
