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CME Group reports record crypto volumes for Q4 Solana Price Prediction: SOL Drops 3% After CME Clarifies Solana Futures Addition Was An Error, Driving Traders To This Layer-2 Solution

Jan / 01
- CME Group reports record crypto volumes for Q4
  
  Jan 01, 1970 at 08:00 am Cointelegraph
  
  CME Group, a leading derivatives exchange, witnessed record-high crypto trading volumes of $10 billion daily in Q4 2024, a 300% surge attributed to increased demand for crypto derivatives. The strong start to 2025, with monthly volumes surpassing previous records, suggests sustained growth. CME emphasizes the importance of consulting with the SEC on the classification of crypto products and plans to expand its crypto offerings, recognizing the growing interest in crypto derivatives among retail investors. Despite competition from other exchanges, CME's size and established presence position it as a key player in the crypto derivatives market.
- Solana Price Prediction: SOL Drops 3% After CME Clarifies Solana Futures Addition Was An Error, Driving Traders To This Layer-2 Solution
  
  Jan 01, 1970 at 08:00 am Inside Bitcoins
  
  Solana's price fell 3% to $247.51 following a clarification from the Chicago Mercantile Exchange (CME) that a leak about regulated XRP and SOL futures was an error. Despite the pullback, technical analysis indicates a bullish outlook, with the asset trading above its 50-day and 200-day SMAs and a golden cross formation. The breakout from a rounding bottom pattern suggests potential for further upward movement, with a projected target of $339, a new all-time high. Solaxy (SOLX), Solana's layer-2 scaling solution, has emerged as a promising alternative, offering reduced congestion and low fees, as well as a platform for developers and token launches. SOLX holders can earn a substantial 280% annual yield by staking their tokens.