Browsing:SOL

A key Solana DeFi player announces a 1 billion JUP token airdrop to users
4 months ago 2 mins read

A key Solana DeFi player announces a 1 billion JUP token airdrop to users

Jupiter, a major player in the Solana DeFi (Decentralized Finance) space, has made a game-changing announcement. The DeFi aggregator is planning to distribute 1 billion JUP tokens in a carefully planned airdrop, signaling the start of a massive giveaway campaign. Meow, Jupiter’s visionary founder, shared this exciting news, outlining the details of the long-awaited token distribution. Jupiter’s airdrop, scheduled for January 31 at 10:00 a.m. EST, aims to enrich the Solana DeFi community by distributing 1 billion JUP tokens to deserving users. This strategic move is consistent with Jupiter’s commitment to encouraging community engagement and empowering its users. The airdrop

Bitcoin's Price Surge Leads to $100M Loss for Short Traders Amid Anticipation of U.S. ETF Approval
4 months ago 1 min read

Bitcoin’s Price Surge Leads to $100M Loss for Short Traders Amid Anticipation of U.S. ETF Approval

Bitcoin’s recent price surge, which saw it surpass $47,000 for the first time since March 2022, resulted in significant losses exceeding $100 million for traders who had taken short positions, betting against the crypto’s rise. This loss comes as the market waits for the approval of a Bitcoin Exchange-Traded Fund (ETF) in the United States. Users on exchanges such as OKX and Binance suffered significant losses. Bitcoin’s price increase coincides with significant developments in the ETF space, such as BlackRock’s filing fees with the US SEC. Filing fees are usually one of the last steps before an ETF can be

Over $150 Million Poured Into Crypto Funds In 2024
4 months ago 1 min read

Over $150 Million Poured Into Crypto Funds In 2024

According to a recent CoinShares report, the first week of 2024 witnessed a significant milestone in crypto investments, with a notable influx of $151 million into investment products in this sector. The significance of this over $150 million increase in inflows was highlighted by James Butterfill, Head of Research at CoinShares, especially in light of Grayscale’s ongoing legal battle with the US Securities and Exchange Commission (SEC). Since the case’s inception in October 2022, these inflows have totaled $2.3 billion, accounting for 4.4% of the firm’s total managed assets. Despite the lack of a spot exchange-traded fund (ETF) launch in

Solana Co-Founder Weighs in on Ethereum's Risks, Emphasizes Simplicity in Blockchain Language
4 months ago 1 min read

Solana Co-Founder Talks About Ethereum’s Risks, Emphasizes Simplicity in Blockchain Language

Anatoly Yakovenko, co-founder of Solana, recently discussed Ethereum’s challenges and shed light on Solana’s design principles. Here is a breakdown of Yakovenko’s key insights. Yakovenko expressed concern about Ethereum’s potential centralization issues. He emphasized the danger of specific parts of the network becoming overly dominant, posing a challenge to Ethereum’s decentralized goals. Yakovenko, on the other hand, emphasized an important aspect of Solana’s architecture: atomic composability. This feature allows for seamless collaboration among blockchain elements. While Yakovenko sees this as a strength, he admits that its value is dependent on recognition within the larger blockchain community. He claims that Solana’s

Any US resident making crypto transactions exceeding $10K will soon have to report them to IRS
4 months ago 1 min read

Any US resident making crypto transactions exceeding $10,000 will soon have to report them to IRS

A recent development in the crypto landscape is causing a stir among users and advocates alike. The Infrastructure Investment and Jobs Act, passed by the US Congress, introduces a reporting provision requiring individuals involved in crypto transactions exceeding $10,000 to report them to the Internal Revenue Service (IRS) within 15 days. While this move aims to enhance transparency, it brings about a series of challenges and uncertainties. The Infrastructure Investment and Jobs Act, effective January 1, 2024, mandates that anyone receiving over $10,000 in crypto transactions must report the details to the IRS within 15 days. This includes providing personal

Over $1 Billion worth of crypto liquidated as Bitcoin drops below $41,500 yesterday
4 months ago 2 mins read

Over $1 Billion worth of crypto liquidated as Bitcoin drops below $41,500 yesterday

The crypto market is experiencing increased uncertainty as the US Securities and Exchange Commission (SEC) nears a decision on spot Bitcoin Exchange-Traded Funds (ETFs). While initial expectations were positive, recent expert analyses have added a note of caution. As the market speculated on the possible outcomes, Bitcoin’s value dropped 6.5% in minutes, falling from $44,400 to $41,500. This drop saw over $1 billion worth of crypto liquidated from the market. Bloomberg’s ETF expert, Eric Balchunas, tempered the general optimism by estimating that the ETFs have a 10% chance of being approved by the January 10 deadline. His assessment is based

Solana briefly surpassed Binance's BNB in market cap during the rally
5 months ago 1 min read

Solana’s price drops after the December rally; BNB regains market position

Following an impressive December rally in which Solana’s price increased by 120%, the crypto experienced a cooling-off period in the days following Christmas. Solana briefly surpassed Binance’s BNB in market cap during the rally. During an impressive December rally, Solana’s market cap briefly surpassed that of BNB. However, Solana entered a correction phase after Christmas, retracing from its yearly high of $123 to below $100. Solana is currently trading at $108, down approximately 13% from its peak. BNB’s price has risen by 12%, allowing it to reclaim its position as the fourth-largest crypto by market cap, surpassing Solana. The volatile

Thunder Terminal Faces Hack, Safeguards User Funds
5 months ago 1 min read

Thunder Terminal was the victim of a hacking attempt, resulting in the loss of 86 ETH and 439 SOL

Thunder Terminal, an on-chain trading platform, was recently the victim of a hacking attempt, resulting in the loss of 86 ETH and 439 SOL. Despite the breach, Thunder Terminal responded quickly, assuring users that all funds are secure and taking immediate steps to mitigate the impact. The hackers took advantage of a vulnerability by gaining access via a MongoDB URL, allowing them to execute fraudulent withdrawal requests and steal large sums of digital assets. The unauthorized activity began at 12:11:47 AM UTC but was effectively stopped by 12:20:35 AM UTC, demonstrating Thunder Terminal’s quick response to the security breach. Thunder

Solana (SOL) saw an amazing 53% increase in just seven days
5 months ago 1 min read

Can Solana (SOL) finally surpass Ethereum (ETH)?

Once dubbed the “Ethereum killer,” Solana has surprised everyone by rising above $100 in a Christmas rally that has revived the excitement in the crypto market. Solana demonstrated its tenacity and market dominance by settling at $115.6, following a celebratory peak of $126. SOL saw an amazing 53% increase in just seven days, which was its biggest jump since December 2021 as well. The SOL/ETH price graph showed an extraordinary rise, reaching 0.051 ETH per Solana token, despite a slight decline. Experts are talking about Solana’s increasing trajectory, which suggests that in the current bull market, it could surpass Ethereum’s

Solana's native cryptocurrency, SOL, has achieved an impressive milestone by surpassing the $110 mark
5 months ago 2 mins read

Solana’s Spectacular Surge: SOL Breaks $110 Mark, Continues Remarkable Rally

SOL, Solana’s native cryptocurrency, has begun an impressive ascent, breaking through the $110 barrier, demonstrating resilience, and sustaining a remarkable three-week climb. This surge coincides with the overall industry recovery and increased meme coin activity, which contributes to Solana’s growing acceptance.

Solana (SOL) has experienced a remarkable 58% surge in the last week
5 months ago 1 min read

Solana (SOL) Soars By Over 900%, Overtaking BNB to Become 4th-Largest Crypto

Solana (SOL) has experienced a 58% surge in the last week, reaching over $110 and securing its position as the fourth-largest crypto by market capitalization. SOL has surpassed Binance Coin (BNB), which has a market value of $41.1 billion. Solana is currently trading at $114, in line with the broader trend of a staggering 876% increase since the beginning of the year, including a remarkable five-fold increase in the last two months. The bullish momentum extends beyond market value, as evidenced by a significant increase in daily trading volume across the Solana network. Trading volume increased by 40% in the

Arthur Hayes of BitMEX Shifts Focus from Solana to Ethereum
5 months ago 1 min read

Arthur Hayes of BitMEX dumps Solana (SOL) to buy Ethereum (ETH)

Arthur Hayes, the co-founder of BitMEX, has made a shift in his investment strategy, moving from Solana (SOL) to Ethereum (ETH). The unexpected decision, announced on the X platform, was attributed to a “divine message” Hayes claimed to have received during meditation. Alongside this switch, he made a bold prediction, foreseeing Ethereum’s price potentially hitting $5,000. Despite Solana’s recent achievements, reaching milestones and climbing close to $100, Hayes opted to divest from Solana and increase his investment in Ethereum. This announcement caused a stir within the crypto community, especially among Solana supporters, given Solana’s current strong performance in the market.

About us

Optimisus is a Dubai-based fintech media company. We cover the latest AI, crypto, NFT, metaverse, blockchain, and Fintech news influencing the crypto industry.

Email: media@optimisus.com

Get Instant Notifications

Join over million readers and get the latest posts delivered straight to your inbox.

© copyright 2024 all rights reserved | Optimisus