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
Justin Sun forecasts $TRX revenue hitting $4B with a meme strategy. Daily revenue peaked at $5.33M, beating $ETH and $SOL. The SunPump memecoin earned $585K in 24 hours. Plans to enhance USDD stablecoin to compete with $DAI.
McDonald’s Instagram was hacked to promote $SOL-based meme coin GRIMACE, causing a temporary price spike. The hacker allegedly profited $700,000 before accounts were restored. McDonald’s Marketing Director’s X account also appeared compromised.
? Tron’s ($TRX) daily revenue hits $3.84M, surpassing Ethereum ($ETH) and Solana ($SOL), driven by the SunPump craze. Over 20,883 memecoins launched, with early investors seeing substantial profits, one gaining $20M from SUNDOG tokens. #crypto
VanEck’s Solana ETF remains viable despite regulatory challenges. @MatthewSigel asserts $SOL should be a commodity due to its decentralization, with top 100 holders controlling only 27% of supply and over 1,500 validators across 41 countries.
? Solana ($SOL) users targeted by malicious Chrome extension ‘Bull Checker.’ Discovered by Jupiter platform, it modifies transactions to steal funds. Users should delete immediately to protect assets. Cybersecurity threats in crypto remain high, with $1.9B lost last year.
? Malicious Chrome Extension “Bull Checker” Drains $SOL DeFi Tokens! Jupiter Exchange reveals “Bull Checker” steals tokens from Solana users by appearing legitimate but transferring assets to a malicious wallet. Users urged to review browser extension permissions for security. #crypto #Solana #DeFi
VanEck’s Matthew Sigel asserts $SOL is a commodity like $BTC and $ETH. Solana’s network decentralization advances, and the Firedancer client aims to prevent single-entity control. This perspective may boost Solana ETF prospects amid evolving regulations.
