SOL

Solana Foundation Launches Token Extensions to Boost Advanced Functionality

January 25, 2024 1 min read

The Solana Foundation, a non-profit organization dedicated to decentralization on the Solana network, has launched token extensions. This innovative offering aims to provide developers, enterprises, financial institutions, and Solana-native development teams with a comprehensive set of turnkey solutions for advanced token capabilities. On January 24, Solana announced the launch of token extensions, which marked a significant milestone in the company’s commitment to promoting decentralization, adoption, and security. Anatoly Yakovenko, co-founder

Solana (SOL) Whale Circles Back for More Retik Finance (RETIK) as Presale Stage 6 Sells Out

January 25, 2024 3 mins read

Kingstown, Saint Vincent and the Grenadines, January 25th, 2024 The decentralized finance (DeFi) space has seen intense innovation recently, with projects trying to make crypto more accessible for mainstream users. One such project making waves is Retik Finance (RETIK), an ambitious DeFi ecosystem that bridges decentralized and traditional finance. Retik’s presale has continued gaining momentum, fueled by demand from both crypto whales and retail investors. According to the team one

Solana’s stablecoin transactions reach over $300 Billion

January 22, 2024 1 min read

Solana has achieved a milestone in stablecoin transactions, surpassing an unprecedented $300 billion in one month. This surge in transaction volume is the highest ever recorded on the Layer-1 blockchain, demonstrating the platform’s growing prominence in facilitating stablecoin transactions. In January, Solana experienced a significant increase in stablecoin transfers, surpassing the previous month’s figures. December saw $297 billion in stablecoin transfers, representing a significant month-over-month increase. When comparing current statistics

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

January 16, 2024 2 mins read

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

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

January 9, 2024 1 min read

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

Over $150 Million Poured Into Crypto Funds In 2024

January 9, 2024 1 min read

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

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

January 8, 2024 1 min read

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

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

January 5, 2024 1 min read

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

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

January 4, 2024 2 mins read

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.

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

December 29, 2023 1 min read

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

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

December 28, 2023 1 min read

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

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

December 26, 2023 1 min read

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