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.
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.
