Solana's 18 Month Long Bull Run Against Ether is Over; XRP Ends Mini-Uptrend

According to Cryptotimes, SolarBank, a North American developer of solar and energy storage projects, announced that it will follow Strategy and use Bitcoin as its financial reserve asset. The company has applied to open a Coinbase Prime account for managing Bitcoin and plans to combine it with a self managed wallet to manage assets. SolarBank stated that this move aims to hedge against inflation and fiat currency depreciation risks, while attracting tech investors who are interested in the cryptocurrency and DeFi fields. CEO Richard Lu stated that Bitcoin is in line with his long-term strategy in the energy and finance sectors, but the specific purchase plan will depend on market conditions, Bitcoin prices, and cash flow, and does not rule out the possibility of adjusting the strategy. Currently, SolarBank has not purchased any Bitcoin and reiterates that its core business remains the development and operation of renewable energy projects.

The trading volume of Coinbase Pro ETH/USD surged 14 times within 10 minutes, with a turnover of 462 million US dollars in the past 24 hours, an increase of 3.37%. A surge in trading volume generally indicates an increase in market trading activity or large-scale fund buying and selling operations, which may be caused by certain important market changes or news announcements.

Odaily Planet Daily News: Coinbase International announced on the X platform that 12 types of cryptocurrency assets, including AAVE, CRV, and NEAR, can be used as collateral for perpetual futures trading on Coinbase International Exchange and Coinbase Advanced.

According to Bitcoin Magazine, US Securities and Exchange Commission (SEC) Commissioner Hester Peirce emphasized during a conversation at PubKey, a Bitcoin themed bar in New York, that permissionless technologies such as Bitcoin have significant implications for maintaining freedom, and US citizens should have the right to use cryptocurrency mixers. She discussed topics such as Bitcoin's resistance to confiscation and code as freedom of speech with NYDIG founder Ross Stevens, using historical cases to illustrate the value of Bitcoin to freedom defenders. She also warned that an executive order similar to the 1933 US government's confiscation of gold may reappear. Stevens pointed out that the mnemonic properties of Bitcoin make it more resistant to confiscation. Peirce criticized the American public for ignoring financial privacy and supporting citizens' right to use coin mixers. Regarding the bar founder's question about the possibility of abolishing the Bank Secrecy Act, she acknowledged the risks of financial institutions centralizing user data, but said that the issue is highly controversial in Washington. She also responded to questions such as physical redemption of spot Bitcoin ETFs by retail investors (she believes the possibility is low and hopes to further consider). She concluded that improper regulation or suppression of Bitcoin's potential was met with enthusiastic applause from Bitcoin enthusiasts present.

Odaily Planet Daily News: According to Onchain Lens monitoring, a newly built wallet withdrew 4000 ETH worth 10.57 million US dollars from Kraken and then transferred it to Lido staking.