Author Archives: SOLANA NEWS REPORT

Worldcoin (WLD) – Short Term vs. Long Term Worldcoin (WLD), an AI-based cryptocurrency co-founded by Sam Altman, is currently under scrutiny for its potential price trajectory. The market report suggests that WLD, launched in July with no history to compare, will experience a bearish movement for the years 2023-2024. Altcoin Sherpa’s recent series of posts[Read more…]

Solana and Cardano in Market Analysis Amidst the ongoing market turbulence, both Solana (SOL) and Cardano (ADA) are striving to gain momentum. Notably, stage 1 of the Borroe presale is currently underway, following the successful completion of its beta phase. Market experts hold a bullish outlook on ROE, anticipating it to potentially outperform the market[Read more…]

Defi Security Breaches: Cypher Protocol and Steadefi Hit by Attacks On August 7, 2023, both Cypher Protocol and Steadefi, prominent decentralized finance (Defi) platforms, fell victim to security breaches, resulting in substantial financial losses. Cypher Protocol Exploit: $1 Million in Losses The security breach targeted Cypher Protocol, a decentralized futures exchange operating on the Solana[Read more…]

Cypher Protocol Discloses Significant Security Breach on Solana Cypher Protocol, a decentralized futures exchange operating on the Solana blockchain, recently announced on August 7th that a major security breach had taken place on their platform. The breach resulted in an estimated unauthorized transfer of assets valued at approximately $1 million. Taking swift action, Cypher Protocol[Read more…]

Introduction Reports indicate that PayPal’s stablecoin, PYUSD, was originally intended to be launched in collaboration with FTX on the Solana blockchain in 2022. Unforeseen Circumstances and Delay However, unforeseen circumstances led to a sudden suspension of these plans. The collaboration between PayPal and FTX for the initial issuance of PYUSD on Solana was unexpectedly put[Read more…]

Popular Solana Exchange Falls Victim to Exploit A recent security incident has shaken the Solana network as a well-known exchange, Cypher Protocol, fell prey to an exploit, resulting in an estimated loss of around $1 million. Despite this setback, the price of SOL remained stable, showing resilience in the face of adversity. Investigation and Response[Read more…]

Messari Report: OP, SOL, and HBAR Outshine ETH in Smart Contract Performance The latest report from Messari has shed light on the exceptional performance of Optimism (OP), Hedera (HBAR), and Solana (SOL) in the realm of smart contracts. These three cryptocurrencies have emerged as the top gainers in comparison to Ethereum (ETH) over the last[Read more…]

Cryptocurrency Price Analysis: Solana (SOL) The price of Solana (SOL) has been experiencing a decline since July 30 and is currently trapped between moving average lines. Solana Long-Term Price Forecast: Bearish The cryptocurrency fell to a low of $23 before starting to bounce back between the moving average lines. Based on the price indications, Solana[Read more…]

Altcoin Market Shows Signs of Hope The altcoin market began to show signs of hope, which helped counteract the withdrawals of Bitcoin and Ethereum. With inflows reaching $9.5 million, Solana stood out as the region with the highest weekly inflow since March 2022. Litecoin and XRP both experienced moderate inflows, bringing in $0.46 million and[Read more…]

The Past Week’s Investor Sentiment The past week has painted a vivid picture of shifting investor sentiment worldwide. While Bitcoin and the broader cryptocurrency market witnessed a significant outflow of funds from investment products like ETPs, ETFs, and funds, Solana (SOL) emerged as a beacon of hope for altcoin enthusiasts. A Dive Into The Numbers[Read more…]