Arthur Hayes predicts equity price discovery will migrate to 24/7 crypto 
perpetuals, pressuring traditional exchanges as regulation turns more crypto- 
friendly. BitMEX co-founder Arthur Hayes has predicted that crypto-style 
perpetual futures will displace traditional stock exchanges, stating that 
equity price discovery…

Arthur Hayes says equity price discovery will shift to 24/7 crypto perpetual markets

Tokenization promises faster, cheaper markets, but the IMF warns new risks and 
government intervention will come with the shift to programmable finance.

IMF warns tokenized markets may deepen flash crashes, says governments will step in

As the crypto market rebounds from the recent lows, Solana (SOL) has reclaimed 
a crucial level, nearing a key resistance area that could set the stage for a 
long-awaited price recovery rally, according to some market watchers. Related 
Reading: Ethereum’s End-Of-Year Rally Still At Play? Analysts Eye 50% December 
Jump Solana Bounces Despite ETF Outflows The crypto market has surged above 
the $3 trillion mark for the first time in a week, with Bitcoin, Ethereum, and 
most leading cryptocurrencies reclaiming crucial support levels lost during 
the latest market pullback. Solana joined the market rally and jumped from the 
recently recovered $135-$140 area to the upper zone of its local range on 
Wednesday afternoon. Notably, the altcoin has been trading between the 
$130-$145 price range over the past two weeks, briefly losing the lower 
boundary during last week’s correction. This week, SOL’s price has reclaimed 
some crucial ground, surging over 10% since Monday’s opening and nearing the 
$145 resistance. Amid this performance, analyst Ted Pillows noted 
institutional participation, as SOL treasury companies have started to show 
early signs of recovery. He also highlighted that Solana Exchange-Traded Funds 
(ETFs) have experienced record inflows this month despite the correction. 
According to Farside Investors’ data, the SOL-based investment products have 
registered $613 million in inflows since their launch on October 28. It’s 
worth noting that throughout the recent pullbacks, Solana funds have seen a 
strong demand, with a 22-day positive streak while the altcoin’s price 
descended to multi-month lows. However, as its price recovered, SOL’s ETFs 
registered their first negative in nearly a month. 21Shares’ TSOL, which 
launched a week ago, saw $34 million in outflows on Wednesday, outshining the 
over $13 million and $10 million in inflows of Bitwise’s BSOL and Grayscale’s 
GSOL. As a result, the whole category recorded net outflows of $8.1 million. 
In his analysis, Ted Pillows also noted that “It seems like SOL has bottomed 
for a while, but institutional buying needs to accelerate here. Otherwise, it 
won&#8217;t take long for Solana to make new lows.” SOL Ready For December Recovery? 
Analyst Ali Martinez suggested that Solana’s pain might be over as its price 
“usually bottoms when investors capitulate… And for the past two weeks, that’s 
exactly what’s been happening.” According to the chart, SOL’s price has 
historically found a floor when the Net Unrealized Profit/Loss (NUPL) 
indicator reaches the capitulation zone, which it has recently fallen to. 
Meanwhile, Crypto Patel highlighted that Solana is breaking out of a one-month 
downtrend, which could trigger a 25% recovery rally near the key $180 barrier 
in the coming weeks. Another market observer warned that the altcoin is 
“walking straight into the lion’s den” as its price nears the $144-$146 
resistance levels. Trader Mr. Ape noted that Solana’s price has been rejected 
three times from this heavy supply area, and momentum “is slowing again as we 
hit the zone.” Related Reading: XRP ETFs Outshine BTC, ETH, And SOL Funds With 
$164M Single-Day Inflows To the trader, this is the crucial level to watch, as 
another rejection could send the price to the $132 support, where strong 
demand lies from the previous bounce. On the contrary, a successful breakout 
from this level and reclaiming it as support could confirm the shift and 
trigger a surge to the $157 area. As of this writing, Solana is trading at 
$142, a 7.7% increase on the weekly timeframe. Featured Image from 
Unsplash.com, Chart from TradingView.com

Solana Reclaims Crucial Resistance Despite First SOL ETF Outflows – 25% Rally Ahead?

CME Group has suspended trading of several asset classes due to a major 
outage. The CME Group, the world&#8217;s leading derivatives marketplace, has halted 
trading activity after a cooling issue at its CyrusOne data centres disrupted 
its systems. &#8220;Due to…

CME Group outage: Future trading stopped as cooling issue at data centers

Tether, one of the largest cryptocurrency companies, has finally confirmed its 
exit from Uruguay after a breakdown in its negotiations with UTE, the national 
power company. The local press reported that the company fired 30 workers and 
notified the national labor ministry (MTSS) of these actions. Tether Leaves 
Uruguay, Abandons $500 Million Mining Investment The […]

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