Bitwise CIO Matt Hougan has criticised US banks for lobbying against stablecoins, arguing that they should instead increase the interest rates on deposits to compete with the new financial products. Hougan’s comments were a direct response to a Bloomberg report that highlighted the vulnerability of community and regional banks toContinue Reading
SwissBorg lost around $41M in Solana after hackers exploited a flaw in staking partner Kiln’s API. The company has assured users their assets remain secure and promised reimbursement through its SOL reserves. SwissBorg is pursuing fund recovery with the help of security specialists and white hat hackers. Community reaction isContinue Reading
Collector Crypt tokenises Pokémon cards on Solana, offering NFTs redeemable for graded physical cards. CARDS token market cap jumped from US$23M to US$85M, settling near US$74M; price rose 210% to US$0.19. The digital gacha machine awards random NFTs, offers 90% buyback, and has generated US$70M in sales. Solana-based Collector CryptContinue Reading
Solana’s validator community has overwhelmingly approved the Alpenglow consensus upgrade with over 98% of the vote, meeting the required 33% quorum. The upgrade, developed by Anza, is designed to reduce transaction finality times from over 12 seconds to 150 milliseconds, which is a significant performance improvement that approaches Web2 speeds.Continue Reading
Pantera Capital is reportedly planning a US$1.25 billion bid to acquire and rebrand a Nasdaq-listed company into “Solana Co.”, a publicly traded vehicle with a balance sheet focused on holding SOL. The investment firm will make the bid in two stages, with the goal of creating the largest corporate SolanaContinue Reading
The YZY token, launched by Kanye West (now legally Ye), experienced extreme volatility on the Solana blockchain, surging to a $3 billion market cap within 40 minutes before crashing. The collapse was followed by widespread allegations of insider manipulation, with on-chain data showing that insiders controlled as much as 94%Continue Reading
The SEC has acknowledged Invesco Galaxy’s filing for a Spot Solana ETF, which includes integrated staking features. The application was submitted via the Cboe BZX Exchange, triggering the start of the SEC’s full regulatory review. Solana’s price increased by more than 5% as investors reacted positively to the prospect ofContinue Reading
