Category Archives: Solana News

Solana’s price recovers from the reliable support zone of $30.46. Now, the price hovers near the critical resistance zone. The current market structure and the technical setup favor the bullish view. As of writing SOL/USD is trading at $33.47, up 2.31% for the day. The ninth largest cryptocurrency by market cap holds the 24-hour trading volume[Read more…]

The bearish trend for Bitcoin keeps rolling on consecutive days. BTC has lost its anchor on the $20,000 region. Its trading activities have gotten below this level, with no sustainable hope for a positive price reversal. Events and activities in the broader crypto market for August have not been encouraging. Prices of almost all the[Read more…]

The 11 percent gain of Solana from its dip on September 7 comes after months of turbulent market conditions. A tenth of that may be meaningless by the time this is published. The market is currently trending upwards. The market bottomed out at $33.79 on Wednesday before falling 9.29% to $30.89. At this point, both[Read more…]

Solana has come into September on the back of sustained growth. One of the growth aspects has been observed in the Solana-based NFT collections. Magic Eden reported in a recent tweet that it has reached a total of 25 million SOL volumes. It also saw a 300k SOL volume in the past day as well. These statistics[Read more…]

After an abysmal showing yesterday, the crypto market is experiencing a major rally. Bitcoin prices were down by close to 6% yesterday. However, BTC has rallied since then to trade at $19,333. It has increased close to 3% in the last 24 hours.  Altcoins are showing a stronger performance than Bitcoin. The Ethereum price was down by 8% yesterday.[Read more…]

Mysten Labs has closed a $300 million fundraise at a valuation that tops $2 billion, according to an announcement on Thursday. Mysten is the creator of Sui, a yet-to-launch proof-of-stake Layer 1 blockchain that is built to mount a challenge to the likes of Ethereum and Solana. The startup’s co-founder and CEO Evan Cheng, who[Read more…]

Solana-based stablecoin borrowing platform Hubble Protocol raised $5 million in a strategic round led by Multicoin Capital, the company announced on Thursday. Previous investors DeFiance Capital, Delphi Digital, Digital Currency Group, Crypto.com Capital, ParaFi, Jump Capital, Decentral Park Capital, CMS, Spartan Group, DeFi Alliance and Mechanism Capital also participated in the round. The company declined[Read more…]

On Thursday, Hubble Protocol—the Solana-based decentralized finance (DeFi) protocol behind stablecoin USDH—announced the completion of a $5 million fundraising round. Led by Multicoin Capital, the raise brings Hubble’s total financing to date to $15 million. Past investors in the protocol include DeFiance Capital, Delphi Digital, Crypto.com Capital, Jump Capital, and others.  Hubble markets its signature[Read more…]

The Helium Foundation published a proposal on 30 August, that informed users about an important update. The foundation stated the intentions of the Helium core team to migrate to the Solana [SOL] blockchain. Although voting on the proposal was scheduled to commence by 12 September, the price of HNT immediately declined by 11% within the next 24 hours following the proposal’s publication.[Read more…]