Bitcoin Hits Record $93.5K as Solana Network Fees Surge Amid Memecoin Mania

Crypto Market Updates: Bitcoin Surges to Record High as Solana Network Faces Rising Transaction Costs

  • Bitcoin reaches new all-time high of $93,500 as BlackRock‘s BTC ETF options record $1.9 billion in trading volume
  • Solana network experiences record-breaking one-day fee collection amid memecoin trading surge
  • Phantom wallet surpasses Chrome extension in app store rankings as Solana ecosystem expands
  • Michael Saylor plans to present Bitcoin strategy to Microsoft board while Trump considers crypto lawyer for SEC leadership
  • Major institutional developments include Sky’s USDS stablecoin launch on Solana and Archax’s tokenized money market funds

Bitcoin Breaks Records as Institutional Interest Surges

Bitcoin (BTC) has established a new all-time high of $93,500, marking a historic moment in cryptocurrency markets.

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BlackRock’s Bitcoin ETF options have generated impressive trading volume of $1.9 billion, indicating strong institutional participation.

Grayscale has announced plans to launch its own Bitcoin ETF options, further expanding the institutional investment landscape.

Solana Ecosystem Shows Strong Growth

The Solana network has recorded its highest-ever daily fee collection, driven by increased memecoin trading activity.

Phantom wallet has achieved a significant milestone by surpassing Chrome in app store rankings, demonstrating growing retail adoption.

Sky Digital has deployed its USDS stablecoin on the Solana blockchain, adding to the network’s financial infrastructure.

Corporate and Regulatory Developments

Michael Saylor is preparing to present a Bitcoin strategy to Microsoft’s board of directors.

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Rumble’s stock price has increased following its CEO’s hints about potential Bitcoin adoption.

Bernstein analysts have identified Robinhood as the optimal investment for cryptocurrency deregulation exposure.

Former President Trump is considering a cryptocurrency lawyer to lead the Securities and Exchange Commission (SEC).

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Pro-cryptocurrency executive Howard Lutnick is positioned to head the Commerce Department.

Market Infrastructure Updates

Archax has announced plans to offer tokenized money market funds.

Bitfinex is introducing tokenized Treasury bills in el salvador.

Coinbase has decided to remove Wrapped Bitcoin (WBTC) from its platform.

The implementation of Markets in Crypto-Assets (MiCA) regulations has sparked increased merger and acquisition activity in European cryptocurrency markets.

Global Regulatory and Technical Developments

South Korea has confirmed the implementation of a 20% tax on cryptocurrency gains.

ChainLink has joined Brazil‘s Central Bank Digital Currency (CBDC) trade pilot program.

Injective has launched a new Artificial Intelligence agent platform, expanding the intersection of AI and blockchain technology.

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