FTX unlocks 177,693 $SOL worth $23.75M, with potential market impact if sold. FTX still holds 7.057M $SOL valued at $943M. $SOL price remains firm at $135, up 35% in 2024. Watch @CarolineEllison’s hearing for further influences.
Solana Radar Hackathon offers $4M in funding opportunities from Sept 2 to Oct 8, 2024, with a $600K prize pool. Top 15 teams can access $250K in startup funding, including special awards. Join now to innovate in blockchain technology.
$DRiP secures $8 million in seed funding from @CoinbaseVentures, @NFX, and Progression Fund. Funds will develop a mobile app and advanced tools for NFT creators on Solana. Over 550 creators have distributed 170M collectibles to 2M unique addresses.
PixelRealm partners with Neon EVM to bring Ethereum games to Solana, reducing development costs and time. Blockchain gaming sees renewed interest with $580M invested in 2024. PixelRealm, supported by Binance Labs and Polygon Studios, serves over 120,000 players.
CF Benchmarks CEO Sui Chung says Solana ETFs are unlikely due to unmet SEC prerequisites and the absence of a regulated futures market. Despite this, $SOL enthusiasts remain hopeful for future ETF approval to boost market investment.
Anatoly Yakovenko compares $ETH’s energy-efficient Proof-of-Stake model to $BTC’s energy-intensive Proof-of-Work system. While Ethereum has reduced energy costs, Bitcoin’s broader acceptance and ETF approval attract more institutional investments.
USDC surpasses $16 trillion in volume, driven by Solana’s market share. $USDC now holds 50% of stablecoin transaction volume, with $8.29 trillion moving on Solana, eclipsing $USDT on TRON.
Solana’s restaking innovations lead blockchain advancements. Solayer (supported by Binance Labs) secures 1.1M SOL, Jito’s toolkit attracts $1.8B, and Picasso’s Cosmos IBC enables cross-chain restaking. Cambrian enhances modular security for middleware. Read more: hodl.press/solana-restaking-vs-ethereum-key-differences-explained
Binance and Bybit hinted at new Solana liquid staking products, “BNSOL” and “bbSol,” possibly in partnership with Sanctum. This move could significantly boost DeFi activities on Solana, where only 7% of staked $SOL is in liquid staking platforms.
Solana Radar Hackathon (Sep 2-Oct 8, 2024) offers a $600K prize pool. Kumeka Team’s workshops start Aug 28 to boost Web3 skills. Top 15 teams get $250K pre-seed funding and join Colosseum’s accelerator program.
Binance expands trading options with new pairs for $DOGS, $RARE, $PEPE, and $SOL. Despite the market downturn, the launch of Spot Algo orders aims to enhance user trading strategies. ?? #Binance #CryptoNews
Robinhood’s wallet now supports $SOL, enabling users to manage Solana tokens directly on the blockchain. This follows strategic acquisitions and licensing expansions. $SOL price surged 7.53% this week, trading at $153.90. Users can self-custody SOL tokens.
PayPal’s $PYUSD hits $1 billion market cap in 351 days, faster than $USDC and $USDT. Over $647M of PYUSD is on Solana, with $430M locked in Kamino for lending. High APY drives growth on Solana.
Anchorage Digital launches a reward program for institutional investors holding $PYUSD, offering returns without rehypothecation. $PYUSD, nearing a $1B market cap, sees significant adoption on the Solana blockchain. @PayPal @AnchorageDigital
