Ethereum, Solana & Bitcoin — Asian Wrap 08 May

Ethereum is showing signs of resuming a sideways trend on Tuesday, following a seven-week inflow. Grayscale has pulled back its application for an Ethereum futures ETF, and SEC Chair Gary Gensler has labeled most crypto assets as securities, issuing a Wells Notice to ETH-related companies.

Solana network has been making waves since Q4 of 2023, gaining attention with successful meme coin launches that have outperformed others. It has been praised for its transaction speed, scalability, low fees, ecosystem growth, and developer-friendly environment, surpassing Ethereum in many aspects.

According to Standard Chartered, Bitcoin (BTC) may have significant upside potential with a Republican administration in the US.

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