The co-founder of Solana, Anatoly Yakovenko, recently reflected on the path that culminated in the establishment of Solana, a cryptocurrency project with a value more than $30 billion. The Twitter post by Yakovenko commemorates the six-year anniversary of his fundraising efforts for Solana (SOL), the project he started on December
Bybit released a research report that highlighted the strategic movements made by institutional investors and provided insight into their asset allocation interests. The research emphasizes a notable change in asset allocation, particularly within the Bitcoin and Ethereum domains, with an emphasis on the evolving market attitudes of institutional investors. Institutional
Grayscale has filed a fresh prospectus for its ambitions to transform its Bitcoin Trust into a spot Bitcoin ETF after a meeting with the United States SEC. The prospective rebranding of GBTC’s ticker was disclosed in a fresh prospectus submitted on November 22. Grayscale’s updated filing contains revisions and adjustments
In a momentous statement made yesterday on Twitter, the Midnight team, a division of Input Output Global (IOG), the company behind the Cardano blockchain announced that the Midnight Network devnet is now live. This statement announces the dawn of an era of change for the Cardano community, introducing the Midnight
The U.S. Labor Department has issued the highly anticipated U.S. Consumer Price Index (CPI) data for October, which indicated that the U.S. inflation came in at 3.2% at an annual pace, as contrasted to the market forecast of a 3.3% spike. Meanwhile, the U.S. CPI fell in October after rising
In the past 24 hours, the broader cryptocurrency market has displayed a significant comeback, surging by an additional 2%. The total market capitalization has now surpassed the $1.4 trillion mark, indicating that the crypto sector continues to exhibit substantial strength. This bullish trend persists despite recent statements from Federal Reserve
Despite the recent price slump, Solana has shown incredible resiliency in continuing its upward trend. Recent on-chain statistics shows that the cryptocurrency ended October with a 61.58% rise. The overall crypto market has been trading in red lately with the price of Bitcoin down 3.17% in the last 24 hours,
There is a direct correlation between the ecosystem’s total value locked (TVL) and the current spike in Cardano prices. According to the latest figures from DefiLlama, Cardano’s TVL has risen by 28.14% over the previous two weeks, to $210 million. $97.88 million of this TVL comes from the two major
South Korea has solidified its position as a crypto trading hotspot, with local exchanges surpassing global competitors in trading volume. A recent report from DeSpread Research sheds light on the country’s crypto passion, showcasing a strong preference for altcoins and local tokens among Korean investors. According to the report, the
Following a vote in favor of discontinuing the Lido on Solana protocol, Lido Finance, a decentralized liquid staking platform, will cease its Solana operations. It will “begin shortly” according to a blog post published by Lido on Monday, which states that the organization will cease its Solana staking product. 65
