Robinhood to Delist Cardano (ADA) and Solana (SOL) as SEC Lawsuits Name Tokens as Securities
June 27 (Cointime) - Cardano (ADA) and Solana (SOL) experienced a greater decline than the overall cryptocurrency market on Tuesday, ahead of their delisting from trading app Robinhood at 6:59 p.m. ET. Robinhood had previously announced that it would stop supporting ADA, SOL and MATIC on June 27, following the Securities and Exchange Commission's (SEC) lawsuits against Binance and Coinbase.
Fordefi To Integrate Advanced MPC Wallet Solution With Solana Ecosystem for Institutional Clients
June 26 (Cointime) - Fordefi, a company specializing in institutional MPC wallets, will integrate its wallet solution with applications and protocols built on Solana. Unlike individual wallets, institutional wallets must provide access to multiple stakeholders.
Solana Price Recovers 10% and Could Rise Further if Bitcoin Climbs Above $30,800
June 23 (Cointime) - Solana's price has recovered above the $16 resistance level against the US Dollar, with positive signs showing above the $16 level and a major bullish trend line forming with support near $16.05. If Bitcoin climbs above $30,800, SOL price may rise steadily towards the $20 resistance.
Jet Launches Fixed-Rate Crypto Term Lending on Solana
June 23 (Cointime) - Solana-based crypto lending platform Jet is relaunching with a fixed-rate lending model, departing from the variable rate products offered by most crypto rivals. Jet's new order book design allows borrowers and lenders to set their own terms, including interest rates and payback timelines, with rates determined by a market-based mechanism. Founder James Moreau emphasizes that the interest rates are not artificially derived, but instead entirely market-based.
Neon EVM Enables Ethereum dApps to Scale on Solana with High Transaction Speed and Low Gas Fees
June 22 (Cointime) - Neon EVM is an Ethereum Virtual Machine that allows developers to scale Ethereum dApps using Solana as the settlement layer. It is fully compatible with Ethereum and enables dApps to take advantage of Solana's functionality, including parallel transaction execution, resulting in high transaction speed, low gas fees, and high throughput. Neon EVM offers developers a unique opportunity to access Solana's liquidity, reach new customers, and enjoy a first-mover advantage. The project recently launched a closed beta version, Neon EVMβ Solana's mainnet, which supports fee-free transactions and allows players to deploy and test their services before the official Solana Mainnet launch. The project is still under development, with plans to roll out Neon DAO, integration with The Graph, Chainlinl and Pyth, and launch grant programs.
Crypto Analyst Predicts 100% Price Increase for Ethereum Rival Solana Amid Market Bounce
June 22 (Cointime) - According to a popular crypto trader, Solana (SOL) could potentially double in price as the cryptocurrency market rebounds.
Solana's Daily Transaction Volume Surpasses TronDao and Ethereum, Despite SEC Classification and Price Struggles
June 20 (Cointime) - Solana has achieved a major milestone by surpassing its peers in daily transaction volume, recording over $24 million in daily transactions. Despite previous struggles with downtime and being classified as a security by the SEC, the network has seen a surge in NFT activity, with over 30,000 SOL traded in a 24-hour period and a 50% increase in NFT trade volume.
Solana Launches Saga, the First Web3 Mobile Phone with Decentralized App Store and Crypto Wallet Integration
June 20 (Cointime) - Solana has launched its Saga mobile phone, which features a decentralized app store and easy integration with crypto wallets and DApps. The phone has been available for pre-order for some time and comes with a number of hardware features, including a 6.67-inch AMOLED screen and a 120Hz display. Users can quickly set up the phone and use their fingerprints to unlock their wallets and sign transactions. The phone also comes with a Solana-powered DApp store that offers access to various DApps across gaming, NFTs, decentralized finance, and social categories. Some previously web-based DApps, like Squads, are now available on the Saga app store, indicating a trend of Web3 apps aligning with their parent chain's ecosystem infrastructure. While the Saga phone has received mixed feedback and is unlikely to surpass iPhone or Android, it is a promising development for the industry.
Meet Frank DeGods: The UCLA Dropout Turned NFT Visionary and Co-Founder of DeLabs
June 19 (Cointime) - Frank DeGods, a former UCLA student who dropped out and later became an NFT mogul, has made a significant impact in the NFT world with his projects DeGods and y00ts.
Solana and Cardano Listed as Tradable Digital Assets in Indonesia Amidst Regulatory Scrutiny
June 19 (Cointime) - Indonesia has listed Solana and Cardano as tradable digital assets, offering hope to their holders despite recent scrutiny from the US Securities and Exchange Commission. This decision provides regulatory clarity that was previously lacking and presents a contrasting perspective to the US regulatory situation. The announcement could potentially impact the market dynamics of these cryptocurrencies and encourage increased trading activities.
Solana Sees Surge in New Contracts, Despite Decrease in NFT Trading Volume and TVL
June 18 (Cointime) - Solana's growing adoption and utilization is reflected in the surge of new contracts deployed on the network. However, the DeFi sector has not seen equivalent growth, with a decline in Total Value Locked and volumes of decentralized exchanges on Solana.
Bitcoin and Altcoins Experience Price Increases After SEC Lawsuits Against Binance and Coinbase
June 17 (Cointime) - Bitcoin and Ethereum have both seen price increases over the past two days, with Bitcoin rising from under $25,000 to just under $27,000. This comes after a period of decline following the SEC's lawsuits against Binance and Coinbase. Other altcoins have also seen gains, with Solana experiencing the largest increase among the top 10. The crypto market cap has risen by over $60 billion in the past two days.
Solana's DeFi Performance Declines, NFTs and Social Engagement Offer Glimmer of Hope
Solana's DeFi performance has seen a decline due to falling volumes on the protocol's decentralized exchanges. However, there has been growth in the NFT sector and social engagement, while stakers remain optimistic. Despite a recent lawsuit filed by the SEC causing a decline in sentiment, there has been an increase in the number of addresses staking Solana, indicating continued confidence in the network's long-term potential. Solana's future growth may depend on its ability to make significant strides in the DeFi sector.
Glass Protocol Returns to Ethereum After Solana Transition
June 15 (Cointime) - Glass Protocol, a prominent player in decentralized media and video NFTs, has returned to Ethereum after previously switching to Solana in late 2022. The company is allowing artists to re-mint their NFTs on the Ethereum network at no cost, while collectors will have to pay to claim the new editions.
Debate on Hard Fork Possibility for Solana's SOL Token After SEC Classification as Security
June 15 (Cointime) - There is a debate on Crypto Twitter about the possibility of a hard fork following the SEC's classification of Solana's SOL token as a security. However, Solana developers have not yet given their opinion on the matter.
NFT Inspect Launches Twitter-Based NFT Tracking Tool
NFT Inspect, a premier NFT analytics platform, has launched a new Twitter-based PFP tool that allows users to track the movements of a given profile picture NFT as it travels around the social media platform. The application is available as a Chrome extension and a web client, providing information on static Ethereum, Polygon, and Solana NFTs currently circulating on Twitter.
Solana Community Considers Hard Fork to Protect SOL Token from SEC Lawsuit Fallout
The Solana community is considering a hard fork as a potential solution to protect the SOL token from the SEC's regulatory actions. The platform has faced challenges since being caught in the SEC's spotlight and experiencing the fallout from FTX's collapse.
Ironforge Raises $2.6M in Pre-Seed Round To Launch Serverless Solana Development Platform
Ironforge, a serverless Solana development platform, has raised $2.6 million in a pre-seed round led by Reciprocal Ventures, with participation from Hash3, 6th Man Ventures, Alchemy, Monoceros Ventures, and Portage Ventures.
Securities Services Firm Robinhood’s Net Accumulated Funding Accounts Hit $23.1 Million in May, Up 1.3% From a Year Ago, but Active Users Fell 27%
According to news released by LiveSquawk, the securities service company Robinhood’s net cumulative fund account reached 23.1 million US dollars in May, a year-on-year increase of 1.3%, but the number of active users fell by 27%. Previously, Robinhood will end support for Cardano (ADA), Polygon (MATIC) and Solana (SOL) at 6:59 GMT on June 28.
Solana Community Considers Forking to Avoid SEC Regulatory Issues
The Solana (SOL) token has experienced a significant drop in price, losing around 30% of its value in the last seven days. This is due to the US Securities and Exchange Commission (SEC) classifying SOL and other altcoins as securities in its lawsuits against Coinbase and Binance US.
