USD Coin issuer Circle has announced that its recently launched Euro-backed stablecoin Euro Coin will available on Solana. The company published a press release on November 6, stating that the Euro Coin would arrive on the Solana network in early 2023. The press release highlighted that native support of Euro...
The new burn NFT feature launched by Phantom will help users to permanently burn spam NFTs The initiative has been launched to curb malicious activities on Phantom and bolster its security up a notch Solana blockchain-based Phantom wallet is amping up its security features by launching a new mechanism called...
A bug in Slope wallets is believed to be behind the recent theft from Solana wallets. Nearly $6 million was stolen from 9,000 addresses. Teams are still continuing their investigation and will publish a full report later. The recent attack on Solana wallets that saw 9,000 addresses drained of nearly...
FTX CEO Sam Bankman-Fried believes Solana is the most underrated token His comments have come at a time when the network is battling an intense hack that resulted in draining $8 million worth of user funds. In an interview with Fortune, FTX exchange CEO Sam Bankman Fried outlined his opinions...
8000 Solana wallets compromised in a latest malicious hack. As a result of the hack, the token value of Solana SOL has dropped nearly 4% in the last 24 hours. Solana has been the latest victim of a grand malicious attack, resulting in the hacker siphoning nearly $8 million worth...
Leading Solana NFT Marketplace Magic Eden announces support for Ethereum NFTs The firm will also be adding comprehensive features to allow users to trade ETH NFTs and make payments in SOL/ETH or via credit cards. Magic Eden, the Solana-centric NFT platform is expanding its base and has recently announced multichain...
Summary: Today is the first day of CoinGecko’s 2022 GeckoCon which will run from the 14th to the 15th of July (9 am to 3 pm EST). This year’s GeckoCon will focus on how Web3 will empower the decentralized future. One of the sessions today discussed the future of DeFi....
Summary: Solana developers have unveiled a flagship Android smartphone dubbed Saga. The phone will be available for pre-orders immediately and delivery in early 2023. Saga will also feature unique Solana functionality integrated within. Solana developers also debuted Solana Mobile Stack, an open-source SDK for Android enabling Web3 apps on Solana....
Summary: The Solend team has initiated a proposal to introduce a per-account borrow limit of $50 million. The limit will be rolled out gradually, starting with the per-account borrow limit at $120 million and reducing it till $50 million is reached. Solend recently rolled back a proposal to take over...
Summary: Solana-based NFT marketplace of Magic Eden has raised $130 million in a Series B round at a $1.6 billion valuation. The funds will expand Magic Eden’s primary and secondary marketplaces. The Solana-based NFT marketplace of Magic Eden has raised $130 million in a Series B round led by Electric...
Summary: The Solend team has done a one-eighty-degree turn on an approved proposal to take over a Solana whale account facing liquidation that could have strained the platform’s liquidity. The team at Solend has explained that the decision to invalidate the first proposal was made due to community feedback and...
Summary: The team at Solend is concerned that a Solana whale might be liquidated, causing a cascade of liquidations that would hurt the platform’s liquidity. The Solend team has attempted to contact the SOL whale to no avail. They have since proposed to grant Solend Labs emergency power to temporarily...
