Category Archives: Solana News

Solana’s [SOL] immediate baseline in the $30-zone managed to reignite some buying pressure for the last three weeks. As the alt approached this support, the bulls would look to capitalize on this in the coming sessions. Empirically, reversals from this baseline have rekindled short-term buying pressure. Meanwhile, the 20 EMA (red) and the 50 EMA (cyan)[Read more…]

As Solana attempts to capture the Ethereum market, we explore the five most successful NFT collections on Solana in 2022. NFT Scalability With Solana As Solana has grown in popularity, a part of the Ethereum network’s activity has migrated to this blockchain with lower gas fees. Non-Fungible Tokens (NFTs) are one of the key growth areas of[Read more…]

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…]

In something of an audacious move, the attacker used their MNGO tokens to vote on their own Mango DAO governance proposal. Whale Targets Mango  Days after BNB Chain’s bridge was hit by a $566 million exploit, Mango Markets has suffered a nine-figure attack. The Solana DeFi protocol was targeted late Tuesday after a whale attacker[Read more…]

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…]

Solana [SOL]‘s journey in the cryptocurrency market has been nothing short of a fairy tale with every big player supporting the ecosystem in 2021. Although in 2022, SOL witnessed a few ‘haunted‘ twists in this tale. From hacks to price corrections to network outages, the list can go on and on. Fairy tale gone wrong?[Read more…]

Neel Somani, a former Terra developer, raised $15 million for his Solana-based cross-chain modular rollup startup, Eclipse, becoming one of the few to come out of the sunken TerraUSD stablecoin ecosystem with funding.  Somani formerly worked on Terranova, an Ethereum Virtual Machine (EVM) project designed to connect the TerraUSD stablecoin ecosystem to Ethereum. However, when the[Read more…]

A series of hacks has put October in the lead for the most crypto funds stolen in a month, according to new data from Chainalysis. This year is on pace to be the biggest for hacks so far, and now October is leading the charge for the top month, the blockchain analytics firm said. Chainalysis reports[Read 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…]

The $100 million exploit of  Solana-based decentralized protocol Mango Markets has sent the value of its native token MNGO and that of SOL spiraling down over the last 24 hours. CryptoSlate data shows that the  MNGO token fell more than 40% in the last 24 hours to $0.02396. During this period, SOL also shed roughly 1% of its value[Read more…]