Arthur Hayes Calls Solana a “Complete and Utter Shitcoin”
Arthur Hayes, co-founder of the BitMEX crypto exchange said on Twitter that “Solana” is a complete and utter shitcoin. He added that it will be a buy at some point if the mainstream financial press is dunking on it.
Why Solana Was Decimated by Bankman-Fried’s Downfall
Biggest cloud shading Solana’s sunshine is the fall of Sam Bankman-Fried, founder of the FTX exchange and hedge fund Alameda Research.
Solana Suffers Major Setback As Development Activity Plunges, Lost Over 95% of Its Value
Solana lost over 95% of its value since its all-time high last November. A crash of this magnitude has shaken even the most resilient investors to the core.
Solana Sinks Below $10 for First Time in Nearly Two Years
Even with the prices for top cryptocurrencies like Bitcoin and Ethereum sitting relatively stable over the last month, Solana has continued to bleed out. Early this morning, the once-surging altcoin fell below the $10 mark—the first time it has done so in almost two years.
Solana DeFi Project Mercurial to Relaunch As ‘Meteora,’ Replace MER Token
Decentralized finance (DeFi) trading project Mercurial plans to relaunch as “Meteora,” issue a new token to nearly all MER holders and expand its trading lineup in an aggressive attempt to distance itself from Sam Bankman-Fried’s fallen empire.
Ethereum L2 Language Cairo’s TVL Surpasses Solana’s Rust
Programming language compiler Cairo is now the third largest smart contract language by total value locked (TVL), according to DeFiLlama data.
DeGods and Y00ts NFTs are Bridging off Solana.
Nonfungible token (NFT) firm Dust Labs is migrating its two top-performing Solana NFT projects — DeGods and y00ts — onto Ethereum and Polygon in a bid to expand their adoption. The news was announced on DeGods and y00ts Twitter page on Dec. 25, with both NFT projects expected to be officially bridged onto Ethereum and Polygon respectively in the first quarter of 2023. (Cointelegraph)
Deribit Will Cease Offering Solana Inverse Products
After the upcoming 30 December 2022 expiry, Deribit will not list new Solana inverse options or futures.
Machine Learning Algorithm Sets Solana (SOL) Price for January 1, 2023
As the year comes to an end with no significant triggers for a rally on the horizon for Solana, the focus has shifted to how SOL will begin 2023 at a point the network is recording increased development activity.
Solana Sees a Bounce From $11.85 but Bulls May Still Have a Gloomy Path Ahead
From 6 November to 21 November, Solana shed 68% of its value. It went from being valued at $36.9 to $11.3. It has not seen any higher timeframe bullish price action on the charts since then.
Solcial Goes Live On Solana Mainnet, Betting Big On User Tokens And Community Ownership
Solcial, the first Solana-based social network that allows its users to create and share content that gets rewarded fairly, has just launched on Solana’s mainnet. Since November, Solcial has been invite-only as they finalized some key features. Now with more than 1,200 users onboarded, Solcial is betting big on creators and Web3 enthusiasts that want to explore new possibilities and new income streams.
Raydium Protocol: Exploit Appears to Stem From Compromised Private Key for Pool Owner Account
If the attacker returns the funds, 10% of the total amount will be offered and considered as a white-hat bug bounty.
SOL Plummets 10% Following $2 Million Exploit on Solana-Based DEX Raydium
SOL token lost 9.5% Friday to trade at $12.82 – according to CoinMarketCap – after Solana-based decentralized exchange Raydium was compromised for $2.2 million. In an afternoon tweet on December 16, Raydium protocol wrote that the hacker overrode owners’ authority in the liquidity pools.
Raydium Hacker Swaps $2.5 Million in Stolen Crypto From Solana to Ethereum
Solana-based decentralized exchange Raydium was exploited on Friday for around $2.5 million in digital assets, the project confirmed via a Twitter thread.
Solana-Based Exchange Raydium Suffers $2 Million Exploit
Solana-based decentralized exchange platform Raydium confirmed in a tweet on Friday that it had been the victim of an exploit.
Maple Finance Unveils Major Overhaul, Stops Lending on Solana
Blockchain-based lending platform Maple Finance unveiled Wednesday a major protocol overhaul in an attempt to improve on <a href="https://www.coindesk.com/markets/2022/12/12/maple-finances-54m-of-sour-debt-shows-risks-of-crypto-lending-without-collateral/">shortcomings</a> highlighted by a spate of recent loan defaults.
Polygon’s NFT Market Demonstrates Signs of Significant Increased Adoption, but Not Growth in Sale Volume
Amid a crypto winter exacerbated by the FTX fallout, first-time and returning buyers have reached all-time highs in Polygon’s non-fungible token market. Yet, sales volumes are near all-time lows.
Solana Price Sees Downside, New Low On The Horizon?
The Solana price slid more than 3% over the last 24 hours and landed in the red. The price of the asset has been consolidating over the past few weeks. SOL has been struggling to get past its immediate resistance mark, which is further fueling the coin’s downslide. In the last week, the altcoin depreciated by over 4%.
Magic Eden Enforces Creator Royalties, Follows OpenSea
The leading marketplace for Solana NFTs is adopting an optional creator royalty model. The protocol lets creators of new NFT collections block marketplaces that refuse to grant royalties.
Hopes High as Charles Hoskinson Speaks on Solana Becoming a Sidechain to Cardano
In a casual conversation between Cardano community members and Solana community members, it appears that both parties are eyeing the possibility of Solana becoming a Cardano sidechain.
