In a surprising development, an anonymous core contributor to the Solana exchange's Cypher Protocol has confessed to embezzling and gambling away about $260,000 worth of the project's cryptocurrencies. The contributor, known only as "hoak," publicly confirmed the allegations in a statement in a post on X on May 14, 2024. ...
Over 1 million new tokens, most of which are memecoins, were launched on various blockchain networks since the beginning of April 2024, with Solana and Ethereum leading the pack. Data from the Dune Analytics Dashboard reveals that Ethereum hosted over 370,000 new tokens during this period, while Solana boasted over ...
In a significant development within the Solana ecosystem, a substantial transfer of SOL tokens occurred within the last 24 hours. According to Whale Alerts, a prominent tracker of large cryptocurrency transactions, the anonymous wallet transferred a staggering 108,010 SOL tokens, valued at approximately $20,486,950, to the Binance exchange on Wednesday, ...
Binance has officially listed Solana-based decentralised exchange Jupiter's native token, JUP, on its platform. According to an official statement, the token was scheduled to be listed on January 31, 2024, by 15.30 hours (UTC), with a "seed tag", which is used to identify tokens of projects in their initial stages ...
Jupiter, a newly launched Solana-based trading aggregator, settled more than $500 million worth of transactions in the last 24 hours. This surge in transaction volume has been linked to users swapping stablecoins and the WEN ($WEN) memecoin for Solana-based tokens. The Solana DEX supports over 550 coins and has listed ...
After a vote by Lido's LDO holders, Lido Finance has decided to stop offering Solana (SOL) staking on its platform. This decision was made following a vote in which over 10,000 members of the DAO participated. The results showed that 92% of voters preferred to discontinue Solana staking, while 7% ...
Vitalik Buterin, the co-founder of Ethereum, has publicly expressed his support for blockchain initiatives such as Solana, which have recently come under scrutiny from the U.S. Securities Exchange Commission (SEC) in its enforcement actions against cryptocurrency exchanges. During a Twitter Q&A session with Buterin, Matt Huang, the co-founder of Paradigm, ...
On-chain analytics firm Nansen has released a report showing that Binance BNB Chain has the most active addresses in April 2023, with 10.9 million, which is more than twice the number of its closest competitors, Solana and Ethereum. However, the number of active addresses on the Binance BNB Chain decreased ...
Solana Labs, the creators of the Solana blockchain, is set to release its highly anticipated Saga Android mobile phone with built-in cryptocurrency capabilities on May 8. This release is expected to improve the accessibility of crypto products and services by making them available via mobile phones rather than the traditional ...
Solana, a Web3 infrastructure platform, has announced a new feature that reduces the cost of building user-first Web3 projects. The new feature, state compression technology, allows developers to store data directly on-chain at a significantly reduced cost. Solana has built the state compression technology on Merkle trees, which enables developers ...
