A wallet linked to Solana's initial token distribution lost about $14.2 million in SOL tokens after an attacker unstaked the tokens and transferred them to Ethereum using a bridge protocol. The exact method of compromise and the bridge used remain unknown, but the pattern suggests private-key theft. This incident hasn't affected Solana's market price or indicated a broader attack on the network. Recovery of funds depends on how the stolen tokens are liquidated, with centralized exchanges offering a chance for freezing assets, unlike decentralized routes.
Solana's futures trading volume has surged over 100% on major exchanges like Binance and OKX, yet its price remains steady near $75.30. This disconnect suggests increased speculative activity without strong buying demand, while a high ratio of long p...
Bitcoin stabilized above $63,000, gaining 0.8% amid a rebound in U.S. equities, with Nasdaq futures hitting a high since early July. However, U.S. spot Bitcoin ETFs saw $390 million in net outflows last week, marking the largest withdrawal in six wee...
Solana (SOL) is trading near $75, maintaining support above the crucial $60-$62 zone after a significant decline from its $253 peak. The recent Alpenglow upgrade, which drastically reduces transaction finality times, has been approved by over 98% of ...
Solana (SOL) saw its futures trading volume more than double across major exchanges, including Binance and OKX, yet its price remained nearly unchanged around $75.30. This surge in trading activity, combined with a strong long bias in positions, sugg...
Michael Egorov, founder of Curve Finance, harshly criticized Solana's Pump.fun platform, calling it a "casino of scams" due to its memecoin culture. He also pointed out that Phantom wallet's hardware wallet integration is inferior to Ethereum's Metam...
