Category Archives: Solana News

Binance has announced that it temporarily suspended deposits of the stablecoins USDC and USDT on the Solana blockchain “until further notice.” It has since reopened deposits for USDT on Solana. USDT and USDC, created and managed by the companies Tether and Circle, are stablecoins pegged to the U.S. dollar, which exist on a wide variety of blockchains, including Solana and Ethereum. Binance didn’t provide any[Read more…]

The fallout from the implosion of FTX is being felt across the crypto industry, with firms supposedly rescued by the exchange now being dragged under along with their erstwhile ‘savior,’ Sam Bankman-Fried. Whilst many of those hit hardest are centralized entities such as custodial exchanges and lending platforms, an entire blockchain ecosystem also looks to be in[Read more…]

In the early days of Solana, it was dubbed “Ethereum Killer.” Fast forward to today, and a lot of things have changed. But the battle for supremacy is still going on. Which of these two cryptocurrencies fares well when it comes to investing for the long-term? Well, let’s dive right in. Ethereum (ETH) As you know, Ethereum is[Read more…]

Binance suspended deposits of USD Coin (USDC) and tether (USDT) on the Solana blockchain in a blow to the 2 1/2-year-old blockchain. Hours later, the exchange resumed deposits of Solana-based USDT. The announcement from the largest crypto exchange by trading volume comes after rival OKX announced it will delist both USDC and USDT on Solana, as well[Read more…]

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…]

Severely impacted by the sudden collapse of cryptocurrency exchange FTX, total value locked (TVL) held across decentralized finance (DeFi) protocols housed within the Solana [SOL] network has since declined by 67%, data from DefiLlama revealed. According to the DeFi TVL aggregator, on 6 November, when Binance founder and CEO Changpeng Zhao first tweeted about his exchange’s decision to liquidate[Read more…]

Former Goldman Sachs executive Raoul Pal says one of Ethereum’s (ETH) top rivals offers a big opportunity to investors after a price fall. In a new strategy session video, the macro guru tells his 52,800 Youtube subscribers that Solana (SOL) has a lot working in its favor to ignite an eventual bull run. Pal says that despite[Read more…]

Crypto exchanges Binance and OKX announced temporary suspension of USDC (SOL) and USDT (SOL) deposits, while Solana (SOL) price dropped. Crypto exchanges Binance and OKX announced temporary suspension of USDC (SOL) and USDT (SOL) deposits. The development comes after recent suspension of USDC and USDT on Solana deposits and withdrawals by crypto.com. Crypto.com cited recent industry events for the[Read more…]

BlockFi, a cryptocurrency platform offering multiple financial products like low-interest loans and a crypto rewards credit card, could become the latest casualty following the FTX collapse that continues to hurt the entire cryptocurrency market. Although the company initially denied having most of its assets in the cryptocurrency exchange, management has now admitted having significant exposure to[Read more…]

Solana, popularly dubbed Ethereum’s killer, dipped rapidly following the FTX collapse. As per the market overview, SOL lost more points than every other asset class.  Solana dipped Initially, Sam Bankman-Fried applauded the coin and its blockchain for its seamless efficacy. Furthermore, he asserted that Solana provided unquantifiable utility to its users. Hence, this quality made[Read more…]