Welcome to the US Cryptocurrency Morning News Briefing. We'll briefly summarize today's key cryptocurrency developments.
Learn what experts and traditional finance say about the long-standing debate between Solana (SOL) and Ethereum (ETH). According to Standard Chartered,, underperform Ethereum.
Standard Chartered Expects Relatively Negative Future for Solana
The debate between Solana and Ethereum has continued for years, with users presenting the two blockchains as unintendedional competitors. However, according chartered's Digital Assets Research Head Jeff Kendrick Underperperformform.
Mentions an expected decrease in meme coin--driven activity, which could leave a usage gap for Solana.
"There could be a usage gap gap which is why SOL may underperform ET," Kendrick told BeInCrypto.
Standard Chartered's executive acknowledges that Solana has proven its technical strengths. Particularly, it handled a large volume of fast and cheap transactions during meme coin trading trading surge.
However, considering the seasonality of meme coins, Jeff Kendrick warns that this dominance is a double-edged sword.
"Solana's meme coin trading dominisance a double-edged sword," Kendrick added.
In fact, meme coins occupy most of Solana's on-chain activity and could obscobscure long-term use cases.
The meme coin boom appears to have peaked, and a usage gap could occur before high-throughput applications like financial platforms or consumer-facing apps establish themselves.
Standard Chartered points out that Solana's sectors have not yetfully, raising concerns about short-term utilization.
Consequently, the market is beginning to discount short-term gains from's sub-sector p>To understand this, traders traders reduced exposure to Solana in February. This is due to uncertainty surrounding the meme coin scene and major protocols.
Meanwhile, Ethereum benefits from broader use cases and institutional alignment, potentially giving it an advantage.
Kendrick's claims align with recent statements by Into the analysts, who said Solana still has a long way to go to surpass Ethereum.
"While Solana can continue to grow and potentially challenge Ethereum in certain niche markets, immediately overcoming Ethereum's established position as a dominant platform will still be difficult. However, the competitive environment is dynamic and evolving," said Juan Felisert, Senior Research Analyst at Into the Block in to BeInCrypto.
Despite Solana's technical achievements, banks argue that sustainable value must come from diversified application growth, which What ethereum is already seeing.
BeInCrypto recently reported that Ethereum has overtaken Solana in decentralized exchange (DEX) trading volume. This occurred after SolX decreased due to reduced trading on platforms like Raydium (RAp>Until Wave ofAna's real-world applications gains attention, price performance may lag behind>
>negative funding rates often lead to short squeezes, can potentially forcing price increases to cover, thus triggering a rally.
As investors watch the Solana and Ethereum showdown, traders and investors are monitor monitoring broader market signals through Bitcoin (with BT). Recent US crypto news quote Lawrence Lepard, a sound money principle advocate, saying BTC is the "most asymmetric bet". ["BTC is the most asymmetric bet I in40years" – Lawrence Lepard, Sound Money Principle Advocate]
Today's Chart
This chart shows that among the top 10 assets by market capitalization, excluding stablecoins, only Solana has a negative funding rate.
Today's Major News
Summary of today's notable US crypto news:
- Circle, the USDC stablecoin issuer, has started its IPO. Offering 24 million Class A common shares.
- On-chain data and charts suggest Bitcoin's cycle peak could exceed $200,000. Indicators like Rainbow Chart and RSI support growth.
- Japan's bond market faces a liquidity crisis with increasing bond volatility. 30-year yield surges, with losses exceeding $500 billion, raising concerns about global financial contagion.
- Large Bitcoin holders are distributing their assets. Accumulation scores for wallets holding over 10,000 BTC have sharply declined in May.
- Solana co-founder Raj Gokal's personal data has been leaked. Information including passport and ID was exposed through Migos' hacked Instagram, with extortion demands.
- BNB Chain's Maxwell hard fork has reduced block time to 0.75 seconds. This improves speed and synchronization without sacrificing network health or decentralization.
- Bitcoin price is approaching $110,000. This is due to new fund inflows and increased first-time buyers since mid-2024.
- Monero (XMR) surged 150% in Q2 2025. Reaching $420, it briefly exceeded Litecoin in market cap without high social media attention.
Cryptocurrency Stock Pre-Market Overview
| Company | Closed on May 26 | Pre-Market Overview |
| MicroStrategy (MSTR) | $381.45 | $393.77 (+3.23%) |
| Coinbase Global (COIN) | $270.38 | $277.79 (+2.74%) |
| Galaxy Digital Holdings (GLXY.TO) | $31.60 | $31.72 (+0.38%) |
| Marathon Holdings (MARA) | $15.19 | $15.66 (+3.12%) |
| Riot Platforms (RIOT) | $8.85 | $9.16 (+3.51%) |
| Core Scientific (CORZ) | $11.04 | $11.41 (+3.37%) |
