Anthony Scaramucci predicts $SOL will lead tokenized assets, reducing $7B annual transaction verification costs. Solana partners with Franklin Templeton and Citi Bank to enhance on-chain mutual funds and smart contract services.
Franklin Templeton to launch a mutual fund on $SOL, leveraging its scalability. Citigroup explores $SOL for cross-border payments and smart contracts, boosting financial efficiency. Announcements at Solana Breakpoint 2024 highlight growing TradFi interest in DeFi solutions.
Sky, formerly MakerDAO, will launch its stablecoin $USDS on @solana via Wormhole. As the sixth-largest DeFi protocol, Sky will offer up to 2M $SKY tokens weekly to boost DeFi integration on Solana, enhancing its ecosystem.
Franklin Templeton to launch an on-chain mutual fund on $SOL while @Citi explores Solana for money transfers and smart contracts, signaling blockchain’s growing role in finance.
Solana’s Frankendancer upgrade, incorporating Firedancer elements, is now live on the mainnet. Jump Crypto showcased it at the 2024 Solana Breakpoint conference, boosting $SOL price by 9% to over $150 and enhancing validator client diversity and ecosystem performance.
Jupiter Exchange acquires SolanaFM and Coinhall, launches zero-fee Jupiter Mobile, and introduces Metropolis API and Jupiter RFQ at Solana Breakpoint 2024 to enhance liquidity and integration. Ape’s Pro trading terminal debuts for meme coin trading.
Solana-based tokens $MEW and $FIDA surge over 25% after listings on @Binance and @UpbitGlobal. $FIDA saw a 45% increase, hitting $0.3297, while $MEW jumped 26% to $0.005728. $MEW’s futures open interest rose 82%.
Solana Mobile reveals the Seeker, its second-generation web3 smartphone, set for 2025 with over 140,000 pre-orders from 57 countries. Key features include the Seed Vault Wallet, Solana dApp Store 2.0, and Seeker Genesis Token. Enhanced hardware.
Solana’s ZK Compression update cuts developer costs by 1000X using zero-knowledge proofs, enhancing scalability and security. This could drive broader adoption and innovation, potentially pushing $SOL’s price to $300.
Cyber Capital CIO Justin Bons dispels FUD, asserting $SOL’s economic model is robust and sustainable. Bons likens Solana’s design to $BTC and $ETH, noting its favorable token distribution and scalable architecture compared to Ethereum’s EIP-1559. @Solana
Crypto investors lost $80B as market cap fell from $2.1T to $2.03T. $BTC and $ETH dropped amid Fed rate cut speculation. Altcoins like $SOL, $XRP, $ADA, and $DOGE mirrored the decline. Federal Reserve decisions will be critical.
Nate Geraci predicts Solana ($SOL) and XRP ($XRP) ETFs are unlikely within two years despite growing demand. Political outcomes, especially the US presidential elections, could significantly impact future crypto ETF approvals. Investors should monitor regulatory changes.
Solana’s Anatoly Yakovenko critiques $ZKSync’s decentralization, calling it akin to a multisig system. Despite $ZKSync’s governance model with a Token Assembly, Security Council, and Guardians, Yakovenko warns it could still be subject to legal control.
FTX unstaked 177,693 $SOL worth $23.75M, sparking sell-off concerns. Despite this, FTX still holds 7.1M $SOL valued at $953M. Solana’s price rose 2.5% in 24 hours, reflecting a broader crypto rally. @AlamedaResearch transferred Worldcoin and AAVE to exchanges.
