US Senators Elizabeth Warren and Richard Blumenthal have called on the SEC to investigate the $TRUMP memecoin on Solana after its value plummeted by about 97-98%, resulting in nearly $3.8 billion in losses for almost 1 million investors. They allege the token operated as a "pump-and-dump" scheme, with insiders, including former President Donald Trump, reportedly profiting around $636 million. The investigation could clarify if $TRUMP was an unregistered security, which would have broader legal implications. This move highlights increasing regulatory scrutiny on crypto projects linked to political figures and could impact the wider memecoin market on Solana.
Bitwise CIO Matt Hougan highlights three main crypto investment themes: Bitcoin as a hedge against currency debasement, Zcash for privacy, and a decade-long tokenization trend involving assets like ETH, SOL, and UNI. He predicts Bitcoin will break it...
The SEC approved changes to Nasdaq Texas Rule 5711(d), explicitly naming XRP alongside Bitcoin, Ether, and Solana as digital assets meeting commodity-based trust standards. This approval allows crypto trusts to hold at least 85% in qualifying assets ...
Solana (SOL) has broken above a months-long consolidation pattern, with the $110-$113 range now the immediate resistance to watch. Holding support between $90.50 and $100.48 is crucial for maintaining bullish momentum. A sustained move above $113 cou...
Solana co-founder Anatoly Yakovenko criticized Robinhood Chain's average transaction fee of $0.40, calling it 'brain dead' and arguing that the brokerage profits from network congestion rather than transparent user charges. Robinhood Chain, which run...
Solana activated a rent reduction on September 3rd, lowering on-chain account storage costs by about 90%. This change reduces the Lamports-per-byte requirement, allowing existing accounts to withdraw surplus SOL without closing. Approximately 3.08 mi...
