The cryptocurrency market has once again experienced a significant surge in volatility following the news of FTX’s impending sale of its crypto holdings, totaling $3.4 billion. This move has placed immense selling pressure on FTX’s major holdings, including Solana (SOL), Ethereum (ETH), and Bitcoin (BTC). FTX administrators have successfully recovered
The cryptocurrency market has taken a hit recently with the majority of cryptocurrencies facing severe downtrend, and there are rumors that defunct crypto exchange FTX is planning to sell a large percentage of its assets. FTX is reportedly seeking permission from the court to liquidate its $3.4 billion worth of
The popular altcoin Solana (SOL) stole the spotlight, revealing strength and promise in a constantly evolving crypto market. While Bitcoin (BTC) made headlines by surging past the $26,000 mark, Solana emerged as the top gainer, experiencing a 24-hour leap of nearly 4.2%, rising from $19.38 to $20.21. In recent weeks,
Solana (SOL), one of the top 10 cryptocurrencies in the world by market cap, has shown a significant surge in the last 24 hours. The unexpected increase from Solana caught the attention of the cryptocurrency community, even though the entire market is in severe decline. At the same time, the
Visa is bringing its stablecoin settlement pilot to the Solana blockchain, enabling high-throughput transactions with negligible costs for issuers and merchants using USDC. The move comes after an extensive evaluation of Solana’s speed, costs, and decentralization. Visa cited demand from clients to leverage newer, high-performance chains for moving USDC settlements.
In a week marked by dwindling interest in digital asset investments, Solana (SOL) has defied the trend, emerging as the preferred choice for institutional investors. CoinShares, a prominent European cryptocurrency management platform, released its latest report, highlighting the remarkable resilience of Solana in the face of a market-wide slowdown. During
Rune Christensen, MakerDAO founder, wrote a blog for the MakerDAO community, in which he outlined the fifth and final step of the Endgame as recreating the MakerDAO protocol on a fresh independent blockchain. Even though MakerDAO has been running on Ethereum since its inception. The next new native chain will
By integrating with Shopify Inc., one of the leading global e-commerce leader, Solana Pay, developed by Solana Labs, has attained a major milestone. With this strategic alliance, businesses will be able to better do business and interact with the digital assets realm. Using the Solana blockchain, Solana Pay offers frictionless
In a week of volatile price action in the global cryptocurrency market, Solana (SOL) has emerged as a top performer, currently trading above $24 and possessing a significant 8.01% gain in the past 7 days. The coin’s recent surge has ignited speculation among investors, about the potential breach of the
A $1 million estimated attack caused Solana-based Cypher Protocol, a decentralized futures exchange, to suspend its smart contract. On August 7th, Cypher tweeted its users to let them know that the platform had encountered a security breach and had temporarily disabled its smart contract. The group has also reached out
