SOL continued to outperform major cryptocurrencies on Monday, testing a key resistance level, while CRO jumped about 50% after news of a partnership with Trump Media. Markets also absorbed mixed earnings from NVIDIA and a string of industry updates: Aave launched its Horizon real-world asset (RWA) platform, the CFTC said it will use NASDAQ’s surveillance system for crypto oversight, Circle and Tether minted roughly $1.25 billion in new stablecoins, and Jupiter released a new lending protocol.
Why it matters: Solana’s strength signals renewed appetite for high-throughput layer-1s, especially if tokens can clear and hold above current resistance. A sustained breakout would likely attract trading volume and developer attention, while failed breakouts can trigger swift corrective moves in this volatile market.
CRO‘s surge followed confirmation of a strategic tie-up with Trump Media, which traders appear to have priced as a short-term demand catalyst. While the 50% gain is eye-catching, rapid reversals are common after news-driven spikes if liquidity dries up or sentiment shifts.
On the protocol front, Aave‘s Horizon aims to expand on-chain access to real-world assets, a development that could deepen capital inflows into DeFi if custody and regulatory hurdles are managed. Jupiter‘s new lending protocol similarly adds options for liquidity and credit primitives on its network.
Regulatory and infrastructure moves are notable: the CFTC‘s adoption of NASDAQ surveillance tech points to growing institutional-grade oversight, while fresh stablecoin minting by Circle and Tether reflects ongoing demand for dollar-linked liquidity.
Bottom line: a mix of headlines is creating a choppy market backdrop where sector winners can emerge quickly — but risks remain. Traders and allocators should expect heightened volatility, practise due diligence, and consider position sizing and stop management as news flow unfolds.
Source: Decrypt. Read the original coverage for full details.