Solana (SOL) | ForkLog

ForkLog 61 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 9 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 13 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 28 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 20 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 18 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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ForkLog 26 29.07.2024

Suspicions of Scam Surround Neiro Clone Amidst Original’s 5000-Fold Profit

The developer of the meme token Neiro (NEIRO) on the Solana blockchain earned $2.85 million, having invested only 3 SOL ($552) in the coin’s launch. Analysts at Lookonchain highlighted this development. The dev of $Neiro has made 15,508 $SOL($2.85M) with only 3 $SOL($552), a gain of 5,169x!? He spent 3 $SOL($552) to buy 97.5M $Neiro […]

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ForkLog 8 26.07.2024

Solana Surpasses BNB in Market Capitalisation

Amidst the market’s recovery following a correction, the cryptocurrency Solana (SOL) has surged by approximately 6.5% over the past day, allowing it to surpass BNB in terms of capitalisation.

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ForkLog 2 26.07.2024

BlackRock Questions Expansion of Approved Crypto ETFs

BlackRock is confident in the approval of crypto ETFs based on new altcoins in the near future. The obstacles are the SEC’s stance and the “immaturity” of alternatives. A SOL-ETF might not appear before March 2025, contingent on a positive outcome in the US presidential elections in November. Following the launch of spot ETH-ETFs, the […]

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ForkLog 10 24.07.2024

AgriDex Executes First Agricultural Trade on Solana

The Solana-based trading platform AgriDex has completed its inaugural transaction involving agricultural products, as reported by company representatives to CoinDesk. The agreement, which involves the delivery of over 200 bottles of olive oil and several cases of wine from a farm and vineyards in South Africa to London, will be fully concluded upon the delivery […]

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ForkLog 87 24.07.2024

Franklin Templeton Hints at Solana ETF Launch

Asset manager and issuer of spot Bitcoin and Ethereum ETFs, Franklin Templeton, has mentioned Solana as one of the “other exciting and major developments” poised to advance the industry. Besides Bitcoin and Ethereum, there are other exciting and major developments that we believe will drive the crypto space forward. Solana has shown major adoption and […]

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ForkLog 8 22.07.2024

Crypto Investment Inflows Surpass $3 Billion Since July

Inflows into cryptocurrency investment products from July 13 to 19 amounted to $1.35 billion, compared to $1.44 billion the previous week. Since the beginning of July, the figure has reached $3.24 billion, according to CoinShares. Data: CoinShares. Trading volume for ETP surged by 45% to $12.9 billion. Clients added $1.27 billion to bitcoin-related products, compared […]

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