Well, well, well! Just when you thought the crypto market was as exciting as watching paint dry, Solana decided to throw a party and jumped more than 5% on Friday. 🎉 Thanks to the retail payment titans, PayPal and Venmo, who have finally decided to join the crypto revolution and support SOL. Who knew they had it in them?
In a move that can only be described as “better late than never,” PayPal announced that users can now buy, sell, hold, and transfer SOL and LINK, the shiny token for the decentralized oracle platform Chainlink. Because, obviously, we all needed another way to spend our money on digital coins that may or may not be worth anything tomorrow. 🙄
Meanwhile, LINK decided to join the fun and jumped by a whopping 1% on Friday, trading at a thrilling $13.00. Hold onto your hats, folks! SOL, on the other hand, went from $117.15 to a dizzying high of $124 before settling down at $122.78. It’s like watching a rollercoaster, but with fewer safety regulations.
Now, if you’re wondering how the rest of the crypto world is faring, let’s just say it’s not great. The overall crypto market cap dipped by nearly 1% in the last 24 hours and almost 2% in the past week. Thanks, President Trump! Just when we thought we could relax, he decided to shake things up with a new wave of tariffs. Because who doesn’t love a good trade war? 😒
In case you missed it, Trump signed an executive order that slapped a 10% baseline tariff on all imported goods entering the US. Apparently, he’s on a mission to protect domestic manufacturing. And let’s not forget the “reciprocal tariffs” on dozens of countries, with rates soaring up to 54% on China. Because nothing says “let’s be friends” like a hefty tariff!
Oh, and just for a little background gossip, PayPal acquired Venmo’s parent company, Braintree, back in 2013 for a cool $800 million. Now they’re not just supporting LINK and SOL, but also Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), and the stablecoin PayPal USD (PYUSD). It’s like a crypto buffet, and we’re all just trying to figure out what to eat without getting indigestion. 🍽️
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2025-04-06 03:01