Tag: Solana

FTX Estate Stakes $122 Million Solana (SOL), Quells Fear Of Token Sell-Off

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The FTX estate has reportedly staked 5.5 million Solana (SOL), worth $122 million. This development comes amidst fears of the defunct crypto exchange liquidating a substantial portion of its SOL holdings and inducing a bearish trend. FTX Renews Bullish Interest In Solana With Latest Move On October 14, blockchain tracking platform Whale Alert reported that 5.5 million SOL had been transferred between two unknown wallets. Thereafter, a crypto analyst with the X username ashpool soon identified the FTX exchange to be behind this whale transaction. Using data from gelato.sh, ashpool…

NuGet manager flooded with malicious Kraken, Solana packages

A set of malicious packages impersonating Kraken, Solana and Monero has flooded NuGet’s server as hackers launch new scams. NuGet, a manager used for packaging and distributing software written with the .NET framework, appears to be a target for bad actors seeking to exploit vulnerabilities, impersonating crypto-related packages. As first reported by Phylum researchers, six malicious packages — downloaded by a user named “Disti” — are pretending to be libraries and wrappers for Kraken, Solana, KuCoin and Monero. The bad actor reportedly also tried to bolster credibility by faking the…

Cardano, Solana, Under Heat, Data Points To Trouble For Altcoins

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Bulls pushed back and momentarily halted the increasing selling pressure impacting Cardano, Solana, and Ethereum. The altcoin market has been stabilizing over the last day, but fresh data points to potential issues in the short term. As of this writing, Cardano (ADA) trades at $0.23 with sideways movement in the past day. Solana and Ethereum recorded similar price action over this period, but these assets have been slowly bleeding into support on the weekly chart. ADA’s price trends to the downside on the daily chart. Source: ADAUSDT on Tradingview Cardano,…

Will Correction Trend Push Solana Under $20?

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Solana is correcting gains from the $25 resistance against the US Dollar. SOL price could accelerate lower if there is a break below the $21 support. SOL price started a fresh decline after it failed to clear the $25 resistance against the US Dollar. The price is now trading below $22.00 and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $22.00 on the 4-hour chart of the SOL/USD pair (data source from Kraken). The pair could break the $21 support…

Solana Outshines Bitcoin? A Dive Into Last Week’s Crypto Asset Inflows

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Last week marked a noteworthy surge for Solana in inflows, leading the pack in altcoin investment interests and outshining Bitcoin. Solana’s recent performance particularly placed it in the spotlight as it amassed roughly $24 million, the altcoin registered its largest inflow since March 2022, according to a recent report from Coinshares. A Closer Look: Dissecting The Solana Inflow Surge Diving into the numbers, the broader digital-asset investment domain observed net inflows for the second consecutive week, accumulating a significant $78 million, showcasing a bullish sentiment reminiscent of July’s performance. While…

Helius shows off Solana upgrades and improvements

Solana (SOL) is introducing a “Confidential Transfers” feature that provides encrypted SPL token transactions and various performance enhancements. The layer 1 proof-of-stake blockchain released its version 1.16 update, which includes the new “Confidential Transfers” feature, providing encrypted SPL token transactions. Helius Labs, the developer platform that specializes in building on the Solana blockchain, indicated that not all features of the v1.16 update will be immediately live. Developed over 10 months by Solana Labs and audited by blockchain security firm Halborn, the update has received support from a majority of validators.…

Solana Outshines Rivals On Weekend Top 10 Roster, Up 18%

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Solana experienced a significant surge of approximately 20% during the last few days of September and into the first week of October. This sudden price increase has piqued the interest of investors and enthusiasts alike, sparking discussions about its underlying causes. One prominent question on people’s minds is whether this uptick in SOL’s value is directly correlated with Bitcoin’s performance during the same period or if there are distinct factors driving SOL’s price rise independently of Bitcoin’s movements. Before this increase, SOL had a tough time because a U.S. court…

Solana Enhances Privacy Offerings As SOL’s Uptrend Persists With 4% Gains

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Solana (SOL), a layer 1 proof-of-stake blockchain, has introduced version 1.16, which enhances user privacy through “Confidential Transfers.” This update includes encrypted Solana Program Library (SPL) token transactions, ensuring confidentiality rather than anonymity.  The adoption of version 1.16 by Solana’s network of validators has reached a majority after ten months of development and an audit by Halborn, a blockchain security firm. Solana Labs Rolls Out Privacy-Enhancing Update According to the announcement made by Solana’s infrastructure provider Helius, The update has undergone rigorous testing, with v1.16 running on testnet since June…

3 reasons why Solana (SOL) price is up this week

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Solana (SOL) price experienced a 20% gain between Sept. 28 and Oct. 6, but is the rally a tandem move with Bitcoin (BTC) price or is it being driven by other factors. Prior to the price breakout, or perhaps, it’s recovery, SOL faced a turbulent period after a U.S. court approved the sale of $1.3 billion in SOL from the bankrupt exchange FTX. Solana daily price index, USD. Source: TradingView The bankruptcy court has taken measures to ensure that the liquidation of FTX assets won’t become a burden for the…