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Solana (SOL) has climbed 10% in the past week, buoyed by bullish technical signals. Trading within an ascending parallel channel and supported by a positive Elder-Ray Index, SOL sits just below a key resistance level at $186.52, with the potential to push past $190 if buying momentum persists.
It is expected that the overall ecosystem will continue to mature, and ultimately, using proxies will become the mainstream way of financial participation.
Ethereum’s recent rally past the $4,000 mark has crushed short sellers and attracted renewed institutional interest, driving futures open interest higher. Holding strong support near $3,909, ETH could push toward $4,430 resistance and possibly retest its all-time high, provided buying momentum continues.
After a quiet week, crypto whales have seized the moment to build positions in key altcoins. Ethereum leads the pack with strong accumulation pushing it above $4,000. Meanwhile, meme coin PEPE and Mantle have also attracted large investor interest, signaling bullish prospects ahead.
- 20:15All three major U.S. stock indexes closed higher.Jinse Finance reported that all three major U.S. stock indexes closed higher, with the Dow Jones Industrial Average up 0.11%, the S&P 500 Index up 0.47%, and the Nasdaq Composite Index up 0.94%. The S&P 500 Index and Nasdaq both reached new closing highs. Large-cap technology stocks generally rose, with Google up more than 4%, and Tesla and Oracle both up more than 3%.
- 20:13U.S. stocks closed with the Nasdaq and S&P 500 hitting new record highs, Tesla rose over 3%.ChainCatcher news, according to Golden Ten Data, U.S. stocks closed higher on Monday, with the Dow Jones Industrial Average preliminarily up 0.1%, the S&P 500 up 0.47%, and the Nasdaq up 0.94%, with the latter two continuing to hit new closing highs. Tesla (TSLA.O) rose 3.5%, Nvidia (NVDA.O) edged down slightly, and Google (GOOG.O) rose 4.4%. The Nasdaq Golden Dragon China Index closed up 0.87%, hitting its highest level since February 2022 during intraday trading. Alibaba (BABA.N) rose nearly 2%, and Li Auto (LI.O) rose nearly 7%.
- 19:04OpenAI Chairman: The AI Bubble Is Not Entirely Without BenefitsJinse Finance reported that OpenAI Chairman Bret Taylor is not naively ignoring the significant impact that a tech bubble could bring, but he stated that such a prospect is not without its benefits. Taylor said: "Artificial intelligence will change the economy, that's true. I believe it will create tremendous economic value in the future, just like the internet did. That's true. At the same time, I think we are also in a bubble, and many people will lose a lot of money. Both of these things can be true at the same time, and there are many historical precedents showing that these two situations can occur simultaneously." OpenAI founder Sam Altman expressed a similar view last month, warning that there will be huge winners and huge losers during the hype cycle of artificial intelligence.