Category Archives: Solana News

Solend, a Solana-based lending protocol, reported a market manipulation attack that resulted in $1.26 million of bad debt for the protocol. The incident occurred on Wednesday, as noted by security firm PeckShield.  Solend runs a decentralized lending system that allows users to borrow and earn interest on crypto assets with the help of lending pools. The platform acknowledged[Read more…]

Arkham intelligence dashboard revealed that Alameda research has sold $284m worth of stablecoins to crypto exchanges in the last two days. Arkham’s intelligence dashboard revealed that FTX’s sister company Alameda Research sold $284 million worth of stablecoins to crypto exchanges between Oct. 31 and Nov. 2, according to data analyzed by CryptoSlate. The market maker[Read more…]

Solana’s Mango Markets and Solend have both come under attack in recent weeks.  Solana DeFi Attacked Again Another Solana DeFi protocol has been exploited.  Solend, a lending and borrowing protocol built on Solana, reported that an attacker drained $1.26 million of users’ funds Wednesday. The exploit was due to an oracle attack, meaning that an[Read more…]

More than 1,000 Solana validators currently are offline causing more than one-fifth of the Solana stake that secures the network to be delinquent The downtime is because Hetzner, a cloud service provider, has blocked all Solana network activity on its servers. Data from the RockawayX infrastructure dashboard show the Solana network delinquent stake ratio at 22% —[Read more…]

The Bitcoin price is holding on at its current levels with bullish momentum fading on lower timeframes. The crypto market’s recent sideways price actions seem related to the upcoming macroeconomic events and their potential influence across global markets.  At the time of writing, the Bitcoin price trades at $20,500 with sideways movement in the last[Read more…]

Solana [SOL] recently faced backlash from the crypto community because of the outages in the second half of 2021 and first half of 2022. These mishaps raised several questions from the Web3 community related to the reliability of the blockchain.  However, in a recent report published by Solana, a few points were mentioned that suggested that the blockchain’s[Read more…]

With stagnant prices that have left many investors of Polygon (MATIC) And Ethereum (ETH)  feeling bearish about the future of the cryptocurrency industry, it is easy to forget that there are still plenty of projects out there working hard to innovate and bring new solutions to the table. One such project is the Orbeon Protocol (ORBN),[Read more…]

Move aside, traditional playmakers in NFTs. The buzz this past week wasn’t with Ethereum or Solana powered NFTs, but rather with new emerging players. That’s right, we saw some ‘unusual suspects’ with blockchains like Cardano and Aptos making noise in the NFT space this past week. We’ll review those, as well as some of the[Read more…]

The animal instinct of Dogecoin is very apparent these days, as the canine-themed crypto sustains its aggressive run that catapulted it to the highest it has been since May. Earlier today, the crypto registered a whopping 105% weekly gain though it shed 3.6% during the last hour at the time of this writing, trimming its gains[Read more…]

Crypto prices continue to trend higher today as crypto earnings take center stage this week.  Bitcoin was trading at $20,727 on Coinbase, down roughly 0.1% in the past 24 hours, according to exchange data. Meanwhile, ether gained 1% in the same period as Ethereum’s native coin traded at $1,620. ETHUSD chart by TradingView Altcoins also ticked higher on[Read more…]