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FTX Estate Stakes $122 Million Worth of Solana: On-Chain Report


The FTX bankruptcy estate has staked over 5.5 million Solana (SOL) tokens, valued at a substantial $122 million, from one of the exchange’s main Solana blockchain wallets. The action was revealed through on-chain data from blockchain explorer SolanaFM and was first reported by The Block. One...

Solana Foundation enters DMCC Crypto Center in Dubai


DMCC Crypto Center has announced that the Solana Foundation has officially joined its ecosystem. This will enable a large number of companies to build and scale their projects in the Web3 industry, specifically in Dubai. The Solana Foundation brings with it all the key elements of business...

Solana Joins Dubai’s Largest Free-Trade Zone to Foster Web3 Adoption


Solana Foundation, the nonprofit organization behind the layer-1 blockchain Solana, has joined the largest free trade zone in the UAE – the Dubai Multi Commodities Centre (DMCC) – as an ecosystem partner, to tap into the Web3 value in Dubai. The collaboration will enable Solana to offer technical...

FTX Estate Stakes 5.5 Million SOL; Millions Locked Until 2028


Blockchain records have shed light on a development involving the trustees of the now-defunct exchange FTX, who are overseeing its bankruptcy proceedings. They have committed 5.5 million solana (SOL) for staking. Meanwhile, the current market value of FTX’s total solana assets is a hefty...

Biggest Movers: SHIB Hits 6-Day High to Start the Weekend


Saturday saw shiba inu climb to its highest point since Monday, as bulls made a slight return to the market. The meme coin rose by as much as 4% on Saturday, as the global crypto market cap made gradual gains to start the weekend. Solana was another notable mover, climbing above the $22.00 zone....

Biggest Movers: DOGE Rallies, After Bouncing From Key Support Point


Dogecoin was a notable mover on Friday, as the meme coin rebounded from a key support point. The move came after two consecutive days of declines, pushing price near a two-month low. Solana also ended a losing streak in today’s session. Dogecoin (DOGE) Dogecoin (DOGE) rose higher in today’s...

Biggest Movers: XRP Losing Streak Extended to a 6th Day


XRP has been one of the week’s most notable movers, with price moving lower for six straight days. The latest decline comes as the global cryptocurrency market cap fell by over 1% in today’s session. Solana also slipped, nearing a floor of $21.00 in the process. XRP XRP, formerly...

Solana gains while Ethereum loses, a stark comparison


Solana has just seen one of the biggest inflows to the network. These are worth $24 million. While the inflows are a part of the development, this one comes as a major announcement because Ethereum, on the other hand, has seen outflows from the network. It happened in just a week, further cementing...

Solana Upgrade Ushers in Era of Private Transactions


Solana has successfully implemented its 1.16 upgrade, introducing several new features, including improved runtime support for zero-knowledge proofs and enhancements for validators. However, the highlight of this upgrade is the “confidential transfers,” a feature that allows fully...

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