Category Archives: Solana News

Introduction to Solana Solana is a cryptocurrency and blockchain platform that aims to bring blockchain technology to the people. Its native currency is SOL, used for transactions on the Solana mainnet. Understanding Blockchain A blockchain is a shared and immutable ledger that simplifies the process of recording transactions and tracking assets in a business network.[Read more…]

Solana (SOL) Price Soars: Positive Developments Fuel a 10% Surge Solana (SOL) has emerged as the best-performing cryptocurrency among the top 20 by market capitalization over the past 24 hours, registering a significant surge of nearly 10% in its price, according to CoinGecko data. At the time of writing, SOL is trading above the $24[Read more…]

A Bold Move by FTX Estate In a significant development, the FTX bankruptcy estate has made a bold move by staking a whopping 5.5 million Solana (SOL) tokens, valued at around $122 million. This action originated from one of the primary Solana blockchain wallets linked to the exchange. A Trustworthy Delegate The FTX estate’s decision[Read more…]

Background and Timeline In September, the Lido P2P validator responsible for the Solana blockchain sought financial support from the Lido DAO. Faced with the lack of funding, the validator highlighted the challenges the project would face in achieving its goals. Despite this decision, Lido continues to provide staking services for Polygon (MATIC) and Ethereum (ETH).[Read more…]

Exploring Web3 Opportunities in Dubai The Solana Foundation has established a significant partnership with the Dubai Multi Commodities Centre (DMCC), the largest free trade zone in the UAE. This collaboration aims to explore various opportunities in the realm of web3 technology within Dubai. Empowering Dubai’s Crypto Community Through this partnership, Solana (SOL) will offer both[Read more…]

Introduction OKX, a leading cryptocurrency exchange, is excited to announce the introduction of Solana (SOL) staking on its advanced OKX Wallet. This significant step expands the wallet’s functionality, allowing users to participate in the Solana network’s security mechanism while earning rewards. OKX Wallet, recognized as the world’s most versatile and secure crypto wallet, offers access[Read more…]

Market Overview The cryptocurrency market has experienced a bullish start to the week, with a rise of over 2.5% in value. After a bearish week, cryptocurrencies have stabilized, indicating a possibility of a bullish trend for Bitcoin and altcoins by the end of the month. Solana’s Recent Performance Solana ended the previous month on a[Read more…]

FTX Liquidators’ Strategic Staking On-chain data reveals a significant move by FTX liquidators who staked a substantial portion of their Ethereum (ETH) and Solana (SOL) holdings over the weekend. Ethereum Staking Details According to Etherscan data, the bankrupt crypto exchange staked approximately $30 million worth of ETH, equivalent to more than 24,000 ETH, on October[Read more…]

DMCC Partners with Solana Foundation in Dubai DMCC, a prominent free zone and Dubai’s authority on commodities trade and enterprise, has partnered with the Solana Foundation, dedicated to fostering decentralization, adoption, and security within the Solana network. This collaboration aims to enhance the capabilities of DMCC members, empowering them to leverage Solana’s advanced blockchain platform[Read more…]

A Calculated Power Play FTX Estate has made a significant move in the world of cryptocurrency by staking a staggering 5.5 million SOL, worth $122 million. This strategic decision not only aims for potential future financial gains but also actively participates in maintaining and securing Solana’s expansive network. FTX’s decision to lock away such a[Read more…]