Category Archives: Solana News

One of the largest trading firms operating in the crypto space believes a “budding uptrend” is forming in the volatile market for digital assets.  In a Twitter thread, Cumberland—the crypto unit of trading powerhouse DRW—said that the uptrend is underpinned by what it says is a weakening U.S. dollar and the adoption of cryptocurrencies by new[Read more…]

The price of Solana and FTT might end up being the most important data points for the trajectory of the crypto market this week, according to B2C2.  In a note published Monday, the market maker joined a chorus of firms raising questions in the wake of the clash between Binance’s Changpeng “CZ” Zhao and FTX’s[Read more…]

The price of Solana (SOL) fell 9% amid a spat between the founders of Binance and FTX crypto exchanges, Changpeng Zhao and Sam Bankman-Fried Aggregate open interest across SOL, of which $3.37 billion appear on the balance sheet of Alameda, also fell just over 13% over the last four hours, data from Coinglass show. The token’s prominence[Read more…]

The issuer of USD Coin (USDC) and Euro Coin, Circle, a global digital financial technology company, announced plans to expand native support for Euro Coin and access to their new cross-chain infrastructure and Cross-Chain Transfer guidelines, on Solana in the first half of 2023. The statement is the first of several planned pledges by the corporation to[Read more…]

A new Solana scaling protocol named Layer N that could quicken DeFi derivatives and on-chain social networks has come out of a stealth development phase ahead of a mainnet launch expected next year.  Similar to Ethereum’s multichain scaling architecture, Layer N builds on top of Solana with the goal of increasing scalability and will be working[Read more…]

Market chatter from on-chain researchers involved with Solana and Ethereum blockchains suggests that FTX might be benefiting from funds that have moved out of the Wormhole protocol within the last few days. Wormhole is a popular Ethereum-Solana bridge championed by Jump Crypto and Sam FTX’s Bankman-Fried. The current rumors are frothy given the high level[Read more…]

Sam Bankman-Fried’s (SBF) crypto empire was rattled yesterday when Binance began selling off its 23 million FTT tokens, worth more than $500 million. In a statement made shortly after the transaction, Binance chief Changpeng Zhao (CZ) said that the exchange intends to sell all of its FTT tokens in the coming months. This is in response to[Read more…]

Solana has faced many challenges this year, but Breakpoint’s Games Day showed that the Solana GameFi ecosystem has huge potential. Solana’s Rocky Year  If last year’s Breakpoint conference was an all-out celebration that landed as SOL soared to staggering highs, this year’s event felt a lot more subdued. Landing in the midst of crypto winter,[Read more…]

Solana (SOL) News Updates After FTX Token Sale Announcement: After gaining an encouraging push with the Google partnership news, Solana (SOL) price appears back at square one now. With nearly 13% price drop in last 24 hours, the cryptocurrency has all but lost its gains from the Google Cloud news. Meanwhile, a section of the crypto[Read more…]

An impressive streak of green candles post a rebound from its multi-weekly trendline support (white, dashed) supported Solana [SOL] in swaying above the 20/50/200 EMA. The crypto saw an expected reversal from the $37-ceiling after a bearish hammer-like setup. In the meantime, the buyers could strive to step in near the 200 EMA to prevent further losses. [Read more…]