Solana (SOL) | ForkLog

ForkLog 5 19.08.2024

Reduced Odds of Fed Rate Cut Slow Crypto Fund Inflows

Inflows into cryptocurrency investment funds amounted to $30 million from August 11 to 17, following $176 million the previous week, according to data from CoinShares. Data: CoinShares. Analysts attributed the weakening positive trend to recent macroeconomic data, which reduced the likelihood of the Fed being prepared to cut the key rate by 50 basis points […]

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ForkLog 4 15.08.2024

Renzo to Launch Liquid Restaking on Solana

The Renzo liquid restaking protocol has announced its entry into the Solana market with the LRT token ezSOL on the Jito platform. ? Introducing $ezSOL: The first LRT on @jito_sol Renzo Protocol is launching $ezSOL, Solana’s first LRT on the Jito Network. This is set to transform restaking and DeFi on Solana by combining the […]

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ForkLog 9 14.08.2024

Solana’s Path to $190: A More Realistic Outlook

The rise of Solana to $190 appears more realistic than reaching $300-1000, due to competition with Ethereum’s L2 and the risk of diminishing hype around meme coins. The Firedancer update could set a new standard for blockchain scalability. Expert forecasts for Solana’s price range from $300 to $1000, yet on-chain data suggests a more realistic […]

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ForkLog 3 13.08.2024

Solana Whale Offloads $86 Million in SOL Since January

A major investor in Solana (SOL) has transferred approximately 594,000 coins, valued at around $86 million, to exchanges Coinbase, Binance, and OKX through regular transactions since January. This activity was highlighted by Lookonchain. A whale sold 594K $SOL($86M) this year! Since Jan 15, this whale has deposited 594K $SOL($86M) to #Coinbase, #Binance, and #OKX, averaging […]

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ForkLog 53 09.08.2024

Pump.fun Offers 0.5 SOL for Completing ‘Bonding Curve’

Pump.fun has eliminated the fee for creating meme tokens and promised a reward of 0.5 SOL (~$80) for completing the ‘bonding curve’. Today we’re introducing 2 HUGE changes to the pump fun mechanism (in beta) 1) Coin creation is FREE 2) Coin creators receive 0.5 SOL (~$80) when their coin completes its bonding curve How […]

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ForkLog 8 09.08.2024

Solana Network Resolves Critical Vulnerability

Developers, validators, and client teams of Solana have addressed a critical network vulnerability through a coordinated update. Anatomy of a patch In the past few hours a critical security vulnerability and patch were disclosed on Solana, this public disclosure occured after a supermajority of stake had already been patched to protect the network. Let’s look […]

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ForkLog 46 08.08.2024

Brazilian Regulator Approves Solana ETF

The Brazilian Securities and Exchange Commission has approved the launch of the country’s first exchange-traded fund (ETF) based on SOL, reports Exame. For trading to commence, the new instrument must be listed by the Brazilian stock exchange B3. The product will track the CME CF Solana Dollar Reference Rate, an index created by CF Benchmarks […]

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ForkLog 6 08.08.2024

Ethena Labs Incorporates Solana as Collateral for USDe

Ethena Labs, the issuer of USDe, has added Solana (SOL) as collateral for its “synthetic dollar.” The official token contracts are below, do not interact with any others: USDe: https://t.co/KrR2HFgk6B ENA: 72QvBVwpxqmheEPfaCwWSWqEFsUy3rhWt6JhQBMNTwD1 sUSDe: Eh6XEPhSwoLv5wFApukmnaVSHQ6sAnoD9BmgmwQoN2sN — Ethena Labs (@ethena_labs) August 7, 2024 Previously, users could only use Bitcoin, Ethereum, stETH, or USDT as collateral for the […]

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ForkLog 10 07.08.2024

Solana Meme Coins Surge Amid SOL-ETF Optimism

The “cat” meme token POPCAT increased in value by 35%, while the “dog” token WIF rose by 26%, according to CoinGecko. The sharp rise of such Solana-based assets contrasts with competitors on other blockchains, which have not shown such positive dynamics. This divergence may be explained by Solana’s sharp rebound, recovering losses from Friday to […]

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ForkLog 9 02.08.2024

X Suspends MakeNowMeme’s Account

The social network X has suspended the account of MakeNowMeme, a platform that enabled the creation of meme tokens on Solana through post publications. Source: X. The project’s website stated that developers are attempting to regain access to the account, having paused the issuance of new tokens. Source: makenow.meme. After some time, the project’s account […]

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ForkLog 13 01.08.2024

Solana Surpasses Ethereum in Monthly DEX Trading Volume

In July, the Solana ecosystem outpaced Ethereum in decentralized exchange trading volume for the first time, recording $55.8 billion compared to Ethereum’s $53.8 billion.

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ForkLog 7 30.07.2024

SEC to Withdraw Demand for Solana and Other Assets to Be Recognized as Securities

The U.S. Securities and Exchange Commission (SEC) intends to seek amendments to its initial lawsuit against Binance. The proposal could potentially affect the need for a court decision on whether assets like Solana are considered securities. “The amendments will eliminate the need to render a verdict on the sufficiency of the allegations regarding these tokens […]

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