Data shows social media sentiment around Solana has hit a 11-week high following the latest recovery surge in the cryptocurrency’s price. Solana Is Now Observing 5.8 Bullish Comments For Every Bearish Post In a new post on X, analytics firm Santiment has discussed about the latest trend in the Positive/Negative Sentiment for Solana. This indicator tells us about how the bullish and bearish comments related to SOL currently compare on the major social media platforms. The metric uses a machine-learning model to judge whether a given post/thread/message is positive or negative. Once it has separated the texts into the two categories, it counts them up and finds their ratio. Related Reading: Bitcoin Rally Over? CryptoQuant’s Bull Score Index Turns Bearish Now, here is the chart shared by the analytics firm that shows the trend in the Solana Positive/Negative Sentiment over the last couple of months: As displayed in the above graph, the Solana Positive/Negative Sentiment has witnessed a sharp increase recently, indicating that positive comments related to the cryptocurrency have ramped up. Currently, there are 5.8 positive posts appearing for every negative post. This is the highest that the ratio’s value has been since June 11th, more than two months ago. The rise in bullish sentiment is a result of the 16% price surge that SOL has enjoyed over the past week. While some excitement after rallies is normal, an excess of it can be something to watch out for. This is because digital assets have historically tended to move in a way that goes contrary to the expectations of the majority. This means that a large amount of hype among social media users can lead to tops. Similarly, widespread fear can facilitate the formation of a bottom. With the Positive/Negative Sentiment sitting on an 11-week high, it now remains to be seen whether trader FOMO would become an obstacle in the Solana rally. In some other news, Santiment has shared an update on how projects on the SOL blockchain currently rank up against each other in terms of the Development Activity. The “Development Activity” refers to a metric that measures, as its name suggests, the total amount of work that the developers of a given cryptocurrency project are putting in on its public GitHub repositories. Related Reading: Bitcoin & Ethereum Whale Populations Quietly Growing, On-Chain Data Reveals Below is a table that shows the 30-day value of the metric for the top projects in the SOL ecosystem. It would appear that the king of the SOL ecosystem is none other than Solana itself, with a Development Activity value of 138.37. Wormhole (W) and Drift (DRIFT) are the next best projects with metric values of 41.47 and 31.9, respectively. SOL Price At the time of writing, Solana is trading around $212, up 1.6% over the past day. Featured image from Dall-E, Santiment.net, chart from TradingView.com
Tether has announced USDT is set to see a launch on Bitcoin’s RGB protocol, allowing users to hold BTC and the stablecoin in the same wallet. Bitcoin Users Will Have Native Access To USDT Via RGB Protocol As revealed by Tether in a website announcement , its stablecoin USDT will be coming to the RGB protocol. RGB allows users to create, send, and manage smart contracts directly on the BTC blockchain. The protocol launched on the BTC mainnet in July with its 0.11.1 release. Thanks to this release, stablecoins, non-fungible tokens (NFTs), and community tokens are all now possible natively on the BTC network, just like on Ethereum and other newer blockchains. Something to note is that RGB isn’t a network layer on top of Bitcoin. Rather, it makes use of only client-side validation to confirm transactions. “RGB operates with no trusted third parties, no federations, no validators, and no coordinators,” said RGB Hub in the 0.11.1 launch announcement. USDT is the largest stablecoin in the cryptocurrency sector, circulating on a slew of networks, and with Tether’s latest move, the token would finally become accessible to users of the original digital asset, Bitcoin. Tether noted in the press release: This announcement underscores Tether’s leadership in expanding the reach of stablecoins and its commitment to ensuring Bitcoin remains not only the original cryptocurrency but also the bedrock for global, everyday money. So far, the stablecoin issuer hasn’t confirmed any date, but once launched, users will be able to hold and transfer both BTC and USDT directly from the same wallet. Paolo Ardoino, Tether CEO, said: Bitcoin deserves a stablecoin that feels truly native, lightweight, private, and scalable. With RGB, USD₮ gains a powerful new pathway on Bitcoin, reinforcing our belief in Bitcoin as the foundation of a freer financial future. In some other news, the Bitcoin spot exchange-traded funds (ETFs) have seen their largest drawdown from the all-time high (ATH) since April, as CryptoQuant community analyst Maartunn has pointed out in an X post . As displayed in the above chart, the spot ETFs currently have their holdings around $813.9 million down since the peak. These latest outflows have occurred alongside BTC’s price decline. Another thing that has come with the drawdown in the cryptocurrency is a surge in long liquidations. As quant Frank has noted in an X post , long liquidations recently hit their highest level of dominance in four years. The last time that long liquidations were this dominant was in May 2021. Back then, bulls were flushed by a massive crash in the Bitcoin price that put the bull run on pause for a few months. BTC Price Bitcoin has slowly been climbing up since its low earlier in the week as its price has now reached the $112,400 mark.
US spot Bitcoin ETFs now generate $5–$10 billion in daily trading on active days, accounting for a material share of Bitcoin spot liquidity and sometimes matching exchange volumes. This shift
US Bitcoin ETFs reached $10 billion in daily volumes, closing in on daily spot volumes on major exchanges.
Around 103,000 Bitcoin options contracts will expire on Friday, August 29, and they have a notional value of roughly $11.7 billion. This expiry event is much larger than previous weeks due to it being the end of the month, so there may be some volatility in spot markets . Eyes are also on today’s US July Core PCE report, which is one of the Federal Reserve’s preferred inflation gauges. Bitcoin Options Expiry This week’s batch of Bitcoin options contracts has a put/call ratio of 0.79, meaning that there are more long contracts expiring than shorts, as bullish momentum returns. There is a max pain point of $116,000 where most losses will be made on expiry. Open interest (OI), or the value or number of BTC options contracts yet to expire, is highest at $140,000, which has surged to over $2.8 billion at this strike price on Deribit . There is also around $1.9 billion OI at $120,000 and $130,000 strike prices as the bull speculators load up on contracts, but $110,000 and $95,000 are still popular strike prices for short sellers. Additionally, total Bitcoin futures OI currently stands at $81 billion, which has fallen from recent record highs, according to CoinGlass. Options Expiry Alert At 08:00 UTC tomorrow, ~$15B in crypto options are set to expire on Deribit. $BTC : $11.7B notional | Put/Call 0.79 | Max Pain $116K $ETH : $3.2B notional | Put/Call 0.76 | Max Pain $3.8K BTC OI clusters around $110K–115K, ETH shows balanced flows with… pic.twitter.com/iY3AkbIs5F — Deribit (@DeribitOfficial) August 28, 2025 Crypto derivatives provider Greeks Live said in a note on Thursday that the group “shows mixed sentiment with traders closely watching key levels around BTC $112,000 resistance and discussing Nvidia earnings impact on crypto volatility.” “Some traders expressed relief that 112P positions were saved, while others noted ETH showing weakness, with ongoing debate about whether BTC correlates with traditional markets.” In addition to today’s tranche of Bitcoin options, there are around 697,000 Ethereum contracts that are also expiring, with a notional value of $3.2 billion, a max pain of $3,800, and a put/call ratio of 0.76. This brings Friday’s combined crypto options expiry notional value to around $15 billion. Crypto Market Outlook Total market capitalization has dipped a little this Friday morning, falling to $3.95 trillion. Bitcoin topped $113,000 in a high on Thursday but has since weakened, falling back to $111,300 at the time of writing. The asset remains down 10% from its all-time high but has found support at current levels. Ether prices were also down 1% on the day, falling from Thursday’s high of just over $4,600 to $4,475 during the Friday morning Asian trading session. The altcoins were a mixed bunch, with gains for Solana , Chainlink, and Avalanche, while Hyperliquid and Cronos saw red. The post Massive $15B Crypto Options Expiry Looms Today: How Will Markets React? appeared first on CryptoPotato .
BitcoinWorld Bitcoin Infrastructure SPAC: Ambitious $200M Nasdaq IPO Bid Unveiled The world of cryptocurrency is constantly evolving, and a significant development has just emerged that could shape its future. A new player, a Bitcoin Infrastructure SPAC , is making waves with its ambitious plan to go public on the Nasdaq. This move signals a growing mainstream interest in the foundational technologies powering the digital asset revolution. What is This Ambitious Bitcoin Infrastructure SPAC All About? Bitcoin Infrastructure Acquisition Corp., a Special Purpose Acquisition Company (SPAC), is at the forefront of this exciting news. This entity aims to raise a substantial $200 million through an Initial Public Offering (IPO) on the Nasdaq. A SPAC, often called a “blank check company,” raises capital through an IPO to acquire an existing private company, effectively taking it public. Leading this charge is CEO Ryan Gentry, a name familiar to many in the crypto space. Gentry previously held a prominent position at Lightning Labs, a company renowned for its work on the Lightning Network, which aims to make Bitcoin transactions faster and cheaper. His leadership brings a wealth of experience and credibility to this new venture, particularly in the realm of Bitcoin infrastructure development. Why is a Bitcoin Infrastructure SPAC Significant? This pursuit of a Nasdaq IPO by a Bitcoin Infrastructure SPAC is more than just a financial transaction; it represents a powerful trend. It underscores the increasing institutional appetite for exposure to the crypto ecosystem, not just through direct asset ownership, but through the underlying technology that supports it. Benefits of this development include: Mainstream Validation: Listing on a major exchange like Nasdaq provides legitimacy and accessibility to a broader range of traditional investors. Funding Innovation: The $200 million capital raise can fuel significant advancements in Bitcoin’s foundational layers, improving scalability, security, and user experience. Enhanced Transparency: Publicly traded companies face stringent reporting requirements, offering greater transparency to investors. This initiative could pave the way for more traditional finance entities to engage with and invest in the burgeoning digital asset space. What Challenges Might This Bitcoin Infrastructure SPAC Face? While the prospects are exciting, any venture into the public markets, especially one tied to the dynamic crypto sector, comes with its own set of hurdles. The journey for Bitcoin Infrastructure Acquisition Corp. will likely involve navigating various complexities. Potential challenges include: Regulatory Scrutiny: The regulatory landscape for cryptocurrencies and related infrastructure remains fluid. The SPAC will need to ensure strict compliance with evolving financial regulations. Market Volatility: The crypto market is known for its price swings. Investor sentiment can be heavily influenced by broader market conditions, which might impact the SPAC’s ability to complete a successful acquisition or maintain share value. Competition: The sector is competitive, with many private companies already building robust Bitcoin infrastructure. The SPAC will need to identify and acquire a target company that offers a unique value proposition and strong growth potential. Successfully overcoming these challenges will be crucial for the Bitcoin Infrastructure SPAC to achieve its long-term goals and deliver value to shareholders. Unlocking Future Growth: The Potential of Bitcoin Infrastructure The very existence of a SPAC dedicated to Bitcoin infrastructure highlights the immense potential seen in the underlying technology of the world’s first cryptocurrency. It’s not just about Bitcoin’s price; it’s about the networks, tools, and services that enable its utility and adoption. For investors and enthusiasts, this development offers actionable insights. It suggests a maturing ecosystem where fundamental technology is becoming an attractive investment. As the digital economy expands, robust infrastructure will be paramount. Keep an eye on companies focused on: Layer 2 solutions like the Lightning Network. Secure custody and wallet technologies. Data analytics and security for blockchain. These areas are ripe for innovation and could be prime targets for a SPAC like Bitcoin Infrastructure Acquisition Corp. In conclusion, the ambitious move by a former Lightning Labs executive to launch a Bitcoin Infrastructure SPAC and pursue a $200 million Nasdaq IPO is a monumental step. It signifies a convergence of traditional finance with cutting-edge crypto technology, promising new avenues for investment and accelerated development within the Bitcoin ecosystem. This is a story of growth, innovation, and the relentless march towards a more decentralized financial future. Frequently Asked Questions (FAQs) 1. What exactly is a SPAC? A Special Purpose Acquisition Company (SPAC) is a company with no commercial operations that is formed strictly to raise capital through an initial public offering (IPO) for the purpose of acquiring an existing company. 2. Who is Ryan Gentry, and why is his involvement significant? Ryan Gentry is the CEO of Bitcoin Infrastructure Acquisition Corp. He is notably a former executive from Lightning Labs, a prominent company working on the Lightning Network to enhance Bitcoin’s transaction speed and cost-efficiency. His background brings expert knowledge and credibility to the venture. 3. Why is a Nasdaq IPO important for a crypto-related company? Listing on the Nasdaq provides significant legitimacy, increased visibility, and access to a broader pool of traditional institutional and retail investors. It signals a maturation of the crypto industry and its underlying technologies within mainstream finance. 4. What kind of Bitcoin infrastructure might this SPAC target for acquisition? This SPAC will likely target companies building foundational technologies for Bitcoin, such as those developing Layer 2 scaling solutions (e.g., Lightning Network), secure custody services, mining operations, or other essential tools that enhance Bitcoin’s utility and adoption. 5. How does this development impact the broader crypto market? This move signifies growing institutional interest and validation for the crypto sector’s infrastructure. It could attract more traditional capital into the space, accelerate technological development, and potentially foster greater mainstream adoption of Bitcoin and its related technologies. Found this deep dive into the Bitcoin Infrastructure SPAC exciting? Share this article with your network and spark a conversation about the future of crypto investments! Your insights help spread awareness about these pivotal market developments. To learn more about the latest Bitcoin infrastructure trends, explore our article on key developments shaping Bitcoin institutional adoption. This post Bitcoin Infrastructure SPAC: Ambitious $200M Nasdaq IPO Bid Unveiled first appeared on BitcoinWorld and is written by Editorial Team
The application follows Canary Capital's May filing for SEI as fund managers pursue ETFs beyond Bitcoin, Ethereum.
Cryptocurrency analyst Ali Martinez has shared a noteworthy assessment of the Solana (SOL) price action. According to Martinez, Solana is testing a critical resistance area again and this time the breakout may be more likely to be sustained. After three failed attempts, Solana broke through the $205-$207 resistance range today, rising to $212. This prompted investors to wonder, “Will this time be different?” Martinez noted that, from a technical perspective, repeated tests of the same resistance level typically weaken the region, but previous attempts above $207 were short-lived. What makes this move different, according to Martinez, is the shift in social sentiment. While previous attempts have seen excessive optimism ahead of local peaks, this time, a cautious tone prevails across the market. Social sentiment is well below the 230 level, and there's no overly enthusiastic buying pressure. Related News: JPMorgan Claims Bitcoin Price Is “‘Too Low’,” Shares Its Own Year-End Price Target However, the breakout of the $212 level reportedly resulted in approximately $1 billion in profit-taking, suggesting that some investors remain unconvinced by Solana's momentum. According to the analyst, on-chain data suggests a strong accumulation area below the $207 level. These supports extend from $206 to $165. However, since there is no historically strong resistance above $212, Martinez notes that a volume-supported breakout could bring the $300 target into play. In addition to technical signals, Martinez also highlighted Solana's network upgrades. The Alpenglow consensus upgrade, currently up for vote, will reduce transaction finality from 12 seconds to approximately 150 milliseconds, providing near-instant confirmation for users. This could significantly improve network performance. *This is not investment advice. Continue Reading: Experienced Analyst Discusses the Fate of Solana (SOL) Price: Is $300 a Dream or a Goal?
Ethereum ETF inflows are driven by institutional demand for yield-bearing staking, Layer-2 scalability, and deflationary tokenomics post-Merge; these forces helped Ethereum outperform Bitcoin in recent weeks, attracting spot-based ETF capital