Solana Archives

Analyst Reveals Why They’re Selling All Their Solana (SOL) Holdings & Moving Towards Web3Bay’s $1.5M Presale

February 23, 2025 5 mins read

The crypto market is at a turning point, and not all altcoins are set to thrive in 2025. While Solana (SOL) has been a dominant force in the blockchain space, major investors are now beginning to exit their positions, citing a mix of supply concerns, bearish sentiment, and shifting market dynamics. One well-known analyst recently announced that they are selling all of their Solana holdings before March 1, warning that

Torrent Capital Increases its Solana Holdings

February 22, 2025 1 min read

Torrent Capital Ltd., (TSXV: TORR) (“Torrent”) announces it has acquired an additional 10,776 Solana (SOL) tokens since February 12, 2025, when it provided its previous update on Solana holdings. As of February 19, 2025, Torrent held a total of 17,731 SOL, which are generating a yield from staking rewards. Torrent plans to increase its investment and participation in the Solana ecosystem by accumulating SOL tokens and staking them to earn

Over $2.5 billion worth of Solana tokens to be unlocked in March

February 20, 2025 1 min read

The crypto market has shown a slight recovery. The overall market cap increased by 0.30% to $3.18 trillion. The 24-hour trading volume rose by 6% to $102 billion. However, the market sentiment remains fearful, with the fear index dropping to 37. Solana (SOL) has been facing challenges recently. Its price fell from an all-time high of $295 to around $160. After a market correction in late January, SOL dropped below

SquaredFinancial adds the Trump and Melania meme coins to its crypto offering

January 26, 2025 2 mins read

Industry-leading fintech firm, SquaredFinancial, proudly announces that it has added the newly launched Trump and Melania meme coins to its crypto offering, empowering investors to gain wider access to the most popular markets and diversify their trading. This new addition aligns with the company’s commitment to catering to the evolving needs of investors from different backgrounds and offering them quality and innovation. Clients and leads can now trade the trending

Solana’s TVL Hits $10B

January 20, 2025 1 min read

Donald Trump’s official memecoin has sparked significant interest in Solana (SOL), resulting in a notable increase in its price and trading volume. Following the announcement, SOL’s value surged over 23%, reaching a new all-time high. The total dollar value locked (TVL) on the Solana network has also risen, surpassing $12 billion, marking a significant recovery since the FTX collapse. The value locked in SOL has been steadily increasing, recently exceeding

Solana Winternitz Vault generates new cryptographic keys for each transaction

January 5, 2025 1 min read

The Solana Winternitz Vault is a groundbreaking solution developed by Solana to mitigate the risks posed by quantum computing to blockchain security. Utilizing a hash-based signature system, this vault generates new cryptographic keys for each transaction, enhancing the safety of users’ funds against potential quantum attacks. Traditional security measures, such as the Elliptic Curve Digital Signature Algorithm (ECDSA), may become vulnerable as quantum computers advance, capable of executing complex calculations

AI16Z’s market cap surges past $2 billion, rising over 420% in just 30 days

January 4, 2025 1 min read

AI16Z, a memecoin on the Solana blockchain, has recently garnered significant attention due to its impressive performance, boasting a market cap exceeding $2 billion after a remarkable 430% increase in just 30 days. This surge has sparked speculation about its potential to compete with established tokens like Dogecoin. A notable transaction involved a trader who sold 2.27 million AI16Z tokens for $4.77 million, realizing a staggering profit of $4.47 million,

XRP trading volume surpasses $1 billion in South Korea

January 2, 2025 1 min read

XRP has recently experienced a remarkable surge in trading volumes on South Korea’s leading cryptocurrency exchanges, surpassing both Bitcoin (BTC) and Ethereum (ETH). In a 24-hour period, XRP trading volumes across Upbit, Bithumb, and Korbit approached $1 billion, indicating a significant uptick in market activity for this digital asset. On Upbit, XRP dominated with a trading volume of approximately $716.79 million, representing 13.67% of the exchange’s total volume of $5.23

Solana co-founder is sued by ex-wife for stealing millions in staking rewards

December 29, 2024 1 min read

Stephen Akridge, co-founder of Solana, is in a legal dispute with his ex-wife, Elisa Rossi. She claims he took millions in staking rewards from her cryptocurrency wallet. Rossi says that Akridge used his blockchain skills to secretly get into her accounts and take rewards from their shared Solana investments without her permission. The couple, married for ten years, filed for divorce in February 2023. As part of their settlement, Rossi

The IRS insists crypto staking rewards are taxable income

December 24, 2024 2 mins read

Joshua Jarrett, a cryptocurrency investor, is in a legal dispute with the IRS over whether staking rewards should be taxed as income. Jarrett, who got a refund on taxes for staking rewards, claims these tokens should be seen as new property instead of immediate income, opposing the IRS in a new lawsuit. This case could greatly affect U.S. crypto investors, especially with increasing regulatory attention. Jarrett is asking for a

Bitwise targets Europe with its new Solana staking ETP

December 19, 2024 1 min read

Bitwise has launched a Solana staking ETP called BSOL in the European Union, as the firm adjusts to regulatory challenges in the United States. BSOL is being introduced while efforts to create a Solana ETF in the US have stalled, as securities laws prevent these products from providing staking rewards. BSOL seeks to draw European investors with annual staking rewards of up to 8%, making it an attractive option compared

Users are upset with Coinbase because many have faced long account restrictions. Some say their accounts have been frozen for months or even years. Complaints appeared on social media platform X, where users questioned Coinbase's claim that the rise in restricted accounts was just because of inactivity and outside worries about the crypto market. On December 9, Coinbase Support noted a big increase in platform activity after the recent elections, linking it to a 2-3x rise in fraud attempts. This increase led to the use of automated fraud prevention measures, resulting in more account restrictions and slower customer support responses. Even though Coinbase is trying to fix these problems, many users are unhappy and expressing their concerns. Users are upset and have gone online to share their complaints, claiming that Coinbase has communicated misleading information. Some accounts have been locked due to VPN use, and users have not received enough support even after trying many times to get help. Key people in the crypto community, such as investor Glauber Contessoto, have suggested having a customer service line available 24/7 to improve user support. Even with these challenges, Coinbase has done well financially in 2024, showing a 97% increase in stock value so far and reaching important goals for its layer-2 network, Base. The ongoing backlash about account restrictions highlights the need for Coinbase to improve its customer service and communication as more users join.

Coinbase faces backlash as users report prolonged account freezes

December 12, 2024 1 min read

Users are upset with Coinbase because many have faced long account restrictions. Some say their accounts have been frozen for months or even years. Complaints appeared on social media platform X, where users questioned Coinbase’s claim that the rise in restricted accounts was just because of inactivity and outside worries about the crypto market. On December 9, Coinbase Support noted a big increase in platform activity after the recent elections,