Solana has implemented the second phase of its five-step plan to reduce account storage deposit costs by 90%, lowering the rent from 6,333 to 5,080 lamports per byte. This reduction frees up approximately 612,000 SOL that users can withdraw without closing their accounts. The total reclaimable SOL is expected to exceed 3 million once all phases complete by November 2026. This change lowers the cost barrier for accounts on Solana, benefiting users and protocols that manage many accounts, while the network monitors data growth to maintain stability.
Oracle reported a strong quarter, surpassing revenue and earnings per share expectations driven by accelerating cloud infrastructure growth and strong AI demand. Despite a 770 basis point year-over-year gross margin decline and negative free cash flo...
On the 25th anniversary of 9/11, billionaire John Catsimatidis warned that countries like Russia, North Korea, China, and Iran are actively trying to undermine President Donald Trump ahead of the November election. He expressed disappointment with Ca...
Lakeland Industries remains a Buy, but the price target was lowered from $18.00 to $14.50 due to revised margin expectations and increased litigation risk from new PFAS multidistrict lawsuits. While gross margin improved to 37%, only half of that is ...
Western Digital, a leading hard disk drive (HDD) provider, reported a 44% year-over-year revenue increase in Q4 driven by strong demand from cloud and AI workloads. Cloud customers made up 89% of revenue, with shipments growing 22% in exabytes. Gross...
VinFast and GSM have announced new senior leadership appointments to support their global expansion. Pham Nhat Quan Anh becomes CEO of VinFast Global and Chairman and CEO of VinFast Vietnam, succeeding Pham Nhat Vuong. Nguyen Quoc Tuan is named Chair...
