Author Archives: News

Binance, OKX and Bybit suspend USDT and USDC deposits on Solana

The SOL cryptocurrency continues crashing amid the FTX crisis, plummeting 7% on the news of exchanges halting deposits of Solana-based stablecoins. Major cryptocurrency exchanges continue to carry out measures in the aftermath of FTX collapse, now halting deposits in Solana-based Tether  Binance announced on Nov. 17 that deposits of Solana-based USDT and USDC have been “temporarily suspended[Read more…]

3 key Solana metrics explain exactly why SOL price is down

SOL price is down 29% since August, and three key metrics suggest bulls are in no rush to return. The past eighty days have been moderately bearish for cryptocurrencies as the altcoin market capitalization declined by 16%. The downside movement can be partially explained by the United States Federal Reserve’s quantitative tightening, rising interest rates[Read more…]

‘Performing as expected’ — Aptos Labs defends day 1 criticism

Aptos’ blockchain claims to handle three times the amount of transactions per second than Solana but day one of its launch saw the network transacting a much lower amount. After four years of development and millions in funding, the layer-1 blockchain Aptos (APT) finally launched its mainnet on Oct. 17, albeit to somewhat mixed reception.[Read more…]

$100M drained from Solana DeFi platform Mango Markets, token plunges 52%

The platform’s treasury was drained of over $100 million worth of cryptocurrency after an attacker manipulated the price data of its native token to take out loans against their holdings. Solana-based decentralized finance (DeFi) exchange Mango Markets has been hit with a reported exploit of over $100 million through an attacker manipulating price oracle data, allowing them[Read more…]

Mango Markets hacker proposes steep settlement

The Solana DeFi protocol suffered a $117 million exploit on Oct. 11, and the hacker wants 70 million USDC for a “bug bounty.” On Oct. 12, one day after $117 million was drained from Solana DeFi platform Mango Markets via a price feed exploit, the hacker responsible for the attack demanded a settlement. The proposal was filed on the[Read more…]

Nifty News: OpenSea adds Avalanche, Meta has legs, DeGods takes 0% and more

Solana NFT project DeGods has removed royalty fees, and Zuckerberg says Meta is looking at an open Metaverse as a new VR headset rolls out. OpenSea has officially opened up support for the Avalanche blockchain, with the move providing broader access for the network’s native nonfungible token (NFT) projects and faster transactions for OpenSea users. The Avalanche[Read more…]

How to mint an NFT on Solana SolSea?

Solana SolSea is an alternative to well-established NFT marketplaces like OpenSea. It is more appealing to NFT creators, with low costs, speed and a friendly interface. The allure of nonfungible tokens (NFTs) has been growing in popularity recently, and for a good reason. Nonfungible tokens are a new form of asset that can represent anything from digital[Read more…]

Nifty News: Yuga Labs launches BAYC council, Animoca backs Cool Cats and more

Yuga Labs has announced a new Bored Ape Yacht Club (BAYC) community council to help the project “grow and thrive.” The team revealed seven council members in an Oct. 5 blog post, noting that they are all OGs who have been around since the early days of BAYC. Yuga Labs said it assembled a new community council[Read more…]

Nifty News: Enter the afterlife in style, Solana NFT game demo hits Epic store and more

300 holders of the Spartan NFT will be able to spread their ashes at a 35-foot memorial to Spartan soldiers, to be built in Greece. The company behind the Spartan Race has released a nonfungible token (NFT) collection which will immortalize the names of the initial holders in stone, with plans to build a 35-foot (10.5 meters)[Read more…]

Solana tech developer Coral raises $20M, plans to launch ‘xNFT’ protocol

Coral is the creator of the Anchor development framework, which provides boilerplate smart contract tools and other resources for Solana devs. Solana ecosystem developer Coral has closed a $20 million investment round backed by some of crypto’s biggest venture funds, setting the stage for the launch of its new interactive wallet later this month.  The[Read more…]