CoinDesk 20 Index Fell More Than 20% During Overall Crypto Market Crash
The overall crypto market crashed as risk-off sentiment permeated global markets. The altcoin-heavy benchmark CoinDesk 20 Index fell more than 20%, with crypto majors Solana and Near Protocol plummeting 20% to 30%. The sentiment shift stems from the recession fears ignited by Friday's U.S. economic and jobs data, as well as the rising tensions in the Middle East. CoinDesk's Jennifer Sanasie presents the "Chart of the Day."

Breaking Down Solana's Triangle Pattern
Solana's SOL token nearly doubled to over $200 in the first quarter, since then the uptrend has lost steam, with pullbacks supported around $120. That has resulted in a so-called descending triangle pattern, comprising a downward sloping trendline, representing lower highs and a flat trendline, representing a solid support level. CoinDesk's Jennifer Sanasie presents the "Chart of the Day."

PoliFi Meme Coins Decline Amid Trump-Biden Tussle
Political finance meme tokens are taking a hit as the 2024 presidential election heats up. CoinGecko data shows that Solana-based Jeo Boden meme coin has dropped 70% in the past week following the President's poor performance during the debate. Trump-themed tokens are also down with TRUMP and TREMP tokens both down double digits on the day. CoinDesk's Jennifer Sanasie presents the "Chart of the Day."

Breaking Down SOL's Price Movements After Spot ETF Filings
Solana's native token SOL is on the rise following VanEck and 21Shares' announcements of their spot SOL ETF filings last week. The overall crypto market remains flat in reaction to the news but SOL's cumulative volume delta returns positive over the past week. CoinDesk's Jennifer Sanasie presents the "Chart of the Day."

VanEck Files For a SOL ETF; Bluefin Plans For Governance Token
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today. VanEck files for a SOL ETF, six days after a similar product launched in Canada; Decentralized exchange Bluefin plans to launch its governance token in July; and Rarimo launches a competitor to Worlcoin called RariMe. Watch. This episode was hosted, edited, and produced by Jennifer Sanasie.

Meme Coins See Sharp Sell-off as GameStop Losses Extend
Losses in GameStop (GME) shares have spread to meme tokens that tend to mirror the stock’s movements. The Solana-based meme token GME, which parodies the company, slid more than 10% on the day. Related tokens like Roaring Kitty and other cat-themed tokens lost an average of at least 5%, according to data tracked by CoinGecko. CoinDesk's Helene Braun presents "The Chart of the Day."

How Iggy Azalea's MOTHER Meme Coin Produces Millionaires
Rapper Iggy Azalea's MOTHER token hit another all-time high on Thursday, extending the gains for Solana's latest hot meme coin. Just days after the launch, the MOTHER token has reached a market cap of $200 million, producing millionaires among those who saw the token skyrocketing. CoinDesk's Helene Braun presents "The Chart of the Day."

Could Solana's SOL Hit $200 by Month End?
Solana's native token SOL has been leading the recent rebound in the digital assets market, outperforming most crypto majors. Daniel Cheung, co-founder of hedge fund Syncracy Capital, wrote on X that he’s confident SOL could retake the $200 level by the end of the month. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

CZ's 'Good Guy' Reputation; Money Laundering Risks of Crypto
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, including Judge Richard Jones acknowledging Binance's former CEO Changpeng Zhao as a "do-gooder." Plus, a new report from the UK government on the money laundering risks of crypto between 2022 and 2023. And, the crypto restaking hype spreads from Ethereum to Solana.

Base Monthly Active Addresses Increased by 160% in March: Nansen
Which blockchains are scoring the most active addresses in March? Data tracked by Nansen shows that active addresses on Base increased by 160% while Solana, Ronin and Linea are all seeing growth of over 50%. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
