CNBC, one of the world’s largest cable news networks, has dropped Bitcoin Cash (BCH) and Litecoin (LTC) from its coverage and replaced them with Solana (SOL). The network will continue to cover news related to Bitcoin and Ethereum, two of the world’s most valuable crypto platforms.It is unclear why CNBC dropped BCH and LTC, but their valuations have been suffering in recent years. BCH posted impressive gains in July, but the hype around the approval of a Bitcoin spot exchange-traded fund (ETF) in the United States has since faded. Meanwhile, Litecoin has been down since halving its miner rewards in early August. As a result, BCH and LTC are no longer in the top 10 by market capitalization.Solana, on the other hand, is currently 9th in the market cap leaderboard, commanding a valuation of $8.3 billion. The network is ahead of Tron, at 10th, with 6.9 billion. SOL is also closing in on Dogecoin and Cardano, whose market cap stands at $8.8 and $9.1 billion, respectively.The decision to cover SOL and dismiss BCH and LTC has sparked discussions on social media platforms. One user suggested that the decision was an endorsement for Solana, citing the spike in non-fungible token (NFT) activity on the network. In early July, the number of NFTs minted on Solana surpassed those generated from Ethereum for the first time since May 2022. Additionally, Solana Pay, a payment solution, is gaining traction. Shopify, a leading ecommerce platform, recently integrated Solana Pay for users to settle USDC payments easily.
| Information |
Details |
| Geography |
Global |
| Countries |
|
| Sentiment |
neutral |
| Relevance Score |
10 |
| People |
None |
| Companies |
CNBC, BlackRock, Securities and Exchange Commission, OpenSea, Rarible, Shopify, Circle, Checkout |
| Currencies |
Bitcoin, Ethereum, Solana, Bitcoin Cash, Litecoin |
| Securities |
None |
