Author Archives: SOLANA NEWS REPORT

Introduction A community member, kentie, recently published a proposal suggesting the discontinuation of support for Polygon (MATIC) on Lido, the Ethereum (ETH) liquid staking solution. This proposal comes months after Lido paused MATIC’s staking and withdrawal functionality due to a bug affecting stMATIC withdrawals. Reasons for Sunset According to the proposal, the decision to sunset[Read more…]

Solana’s Falling Wedge Breakout and Rally Solana recently experienced a bullish breakout from a falling wedge pattern, resulting in a significant 20% rally. This breakout has garnered the attention of analysts and traders alike, prompting discussions about the cryptocurrency’s short-term potential. Short-Term Entry Points and Potential Retests Analysts are eyeing the possibility of Solana retesting[Read more…]

Decisive Move: Lido DAO Concludes Solana Staking Amidst Financial Challenges Leading decentralized liquid staking platform Lido Finance has made a significant decision regarding its Solana (SOL) staking offering. Lido DAO has opted to conclude its operations on the Solana staking project due to financial challenges faced by the P2P team. In an announcement from the[Read more…]

Exciting Developments in Cryptocurrency As October approaches, the cryptocurrency market is abuzz with anticipation for several groundbreaking developments. Ethereum ($ETH) Futures ETF Approval on the Horizon Speculations are rife within the Ethereum community regarding the approval of the first Ethereum Futures ETFs on October 2, 2023. This news has generated significant excitement, bolstered by Ethereum’s[Read more…]

Lido To Discontinue Liquid Staking On Solana The team behind Lido Finance has made the difficult decision to sunset Solana staking following a community DAO vote, where over 90% voted in favor of discontinuing Solana staking. This gradual phase-out of the Lido on Solana project will take place over the next few months. This decision[Read more…]

Lido DAO Sunset Solana Project: Financial Challenges Lead to Community Decision In a significant development, Lido DAO has chosen to sunset the Lido on Solana project following a decisive community vote. This decision, supported by 92% of the community, stems from the project’s financial constraints, making it unsustainable. Sunsetting Lido on Solana: Phased Process Underway[Read more…]

In Brief The Solana (SOL) price has been following a long-term ascending support trendline since the beginning of the year but is currently facing resistance at $27. Analysts are closely monitoring its movements to predict potential outcomes. Promotional Content Trade crypto like a pro – Explore the GTi12 index by FXGT.com, comprising the 12 largest[Read more…]

Introduction to Solana Solana is a cryptocurrency and blockchain platform that aims to bring blockchain technology to the people. Its native currency is SOL, used for transactions on the Solana mainnet. Understanding Blockchain A blockchain is a shared and immutable ledger that simplifies the process of recording transactions and tracking assets in a business network.[Read more…]

Solana (SOL) Price Soars: Positive Developments Fuel a 10% Surge Solana (SOL) has emerged as the best-performing cryptocurrency among the top 20 by market capitalization over the past 24 hours, registering a significant surge of nearly 10% in its price, according to CoinGecko data. At the time of writing, SOL is trading above the $24[Read more…]

A Bold Move by FTX Estate In a significant development, the FTX bankruptcy estate has made a bold move by staking a whopping 5.5 million Solana (SOL) tokens, valued at around $122 million. This action originated from one of the primary Solana blockchain wallets linked to the exchange. A Trustworthy Delegate The FTX estate’s decision[Read more…]