Did SBF Move Money? FBI Investigating 3Commas Data Breach | Cointime Weekly Dec.25 – Dec.31
FTX debtors and Bahamas lay different claims; MicroStrategy sells off Bitcoin for the first time then buys more; Italy approves 26% crypto gains tax; Turkey’s central bank runs first CBDC pilot; the status of proof of reserve as of year-end 2022.
Solana (SOL) Has a Bright Future, Says Ethereum’s Vitalik Buterin
Vitalik Buterin believes Solana has a bright future ‘now that the awful opportunistic money people have been washed out.’
Vitalik Buterin Supports Solana in the Latter’s Hour of Distress
Solana has lost several projects to its competitors; however, there appears to be a ray of hope as Vitalik Buterin expresses his support for the blockchain and its ecosystem. Ethereum’s Buterin believes that the network can still get a hold of its operations and get the values back to the list of top 20 cryptocurrencies.
Solana Joins Ranks of FTT, LUNA With SOL Price Down 97% From Peak
Solana (SOL), the cryptocurrency once supported by Sam Bankman-Fried, pared some losses on Dec. 30, a day after falling to its lowest level since February 2021.
SOL Price Recovers as Vitalik Tweets Support for Solana Community
Ethereum creator Vitalik Buterin seemingly helped Solana recover single-handedly today, Dec. 29, as he praised the project on Twitter. Buterin wrote in a tweet: Some smart people tell me there is an earnest smart developer community in Solana, and now that the awful opportunistic money people have been washed out, the chain has a bright future. Hard for me to tell from the outside, but I hope the community gets its fair chance to thrive. The price of Solana (SOL) sat close to $9.44 for much of today. It then fell 13.2% to $8.19 in a matter of hours. Following Buterin’s tweet, the price rose 24.8% to $10.22. (cryptoslate)
Ethereum Co-founder Vitalik Buterin: Hope Solana Community Gets Its Fair Chance to Thrive
Ethereum founder Vitalik Buterin @VitalikButerin on Twitter:" Some smart people tell me there is an earnest smart developer community in Solana, and now that the awful opportunistic money people have been washed out, the chain has a bright future. Hard for me to tell from outside, but I hope the community gets its fair chance to thrive"
2022 Solana Exploits Overview: 11 Significant Attacks, $523 Million Lost
Solana, a public blockchain platform, has suffered 11 significant attacks over the last year resulting in a total loss of ~$523 million.
Solana Down More Than 20% in the Last 7 Days Alone, Is There an End in Sight?
According to crypto data aggregator Coinmarketcap, the price of Solana is down more than 20% in the last 7 days alone. These losses align with the general bear market trend being experienced in the crypto sector but the decline in faith in the digital asset brought about by the collapse of FTX, Solana’s biggest support, puts added pressure on it.
Solana’s Misery Continues As Development Activity Takes a Back Seat
A lot of the developer activity on the Solana network had been faked. It was reported that the illusion of increasing development activity was created via artificial identities.
Bitmain Founder-Backed Asset Manager to Delist Solana
The Solana ecosystem that was once heavily tied to Sam Bankman-Fried’s FTX has been badly wounded after the collapse. As debates accelerated over the prospects of Solana, its native token – SOL – has plummeted 96% from its all-time high of $260 in November last year.
Avalanche's AVAX tops market cap of Solana’s Sol, Coinbase pops 8%
The market cap of Avalanche's native AVAX token surpassed Solana's, reaching $3.47 billion compared to Sol's $3.43 billion.
Just-In: Crypto Billionaire-Backed Firm Delists Solana (SOL) Products
Another crypto platform parted ways with Solana as TVL and SOL price downfall continues due to FTX contagion. Crypto asset management firm Matrixport will delist Solana and Solana-U dual-currency investment products on December 30. Matrixport is founded by Jihan Wu, a crypto billionaire and co-founder of bitcoin mining hardware giant Bitmain.
Arthur Hayes Calls Solana a “Complete and Utter Shitcoin”
Arthur Hayes, co-founder of the BitMEX crypto exchange said on Twitter that “Solana” is a complete and utter shitcoin. He added that it will be a buy at some point if the mainstream financial press is dunking on it.
Why Solana Was Decimated by Bankman-Fried’s Downfall
Biggest cloud shading Solana’s sunshine is the fall of Sam Bankman-Fried, founder of the FTX exchange and hedge fund Alameda Research.
Solana Suffers Major Setback As Development Activity Plunges, Lost Over 95% of Its Value
Solana lost over 95% of its value since its all-time high last November. A crash of this magnitude has shaken even the most resilient investors to the core.
Solana Sinks Below $10 for First Time in Nearly Two Years
Even with the prices for top cryptocurrencies like Bitcoin and Ethereum sitting relatively stable over the last month, Solana has continued to bleed out. Early this morning, the once-surging altcoin fell below the $10 mark—the first time it has done so in almost two years.
Solana DeFi Project Mercurial to Relaunch As ‘Meteora,’ Replace MER Token
Decentralized finance (DeFi) trading project Mercurial plans to relaunch as “Meteora,” issue a new token to nearly all MER holders and expand its trading lineup in an aggressive attempt to distance itself from Sam Bankman-Fried’s fallen empire.
Ethereum L2 Language Cairo’s TVL Surpasses Solana’s Rust
Programming language compiler Cairo is now the third largest smart contract language by total value locked (TVL), according to DeFiLlama data.
DeGods and Y00ts NFTs are Bridging off Solana.
Nonfungible token (NFT) firm Dust Labs is migrating its two top-performing Solana NFT projects — DeGods and y00ts — onto Ethereum and Polygon in a bid to expand their adoption. The news was announced on DeGods and y00ts Twitter page on Dec. 25, with both NFT projects expected to be officially bridged onto Ethereum and Polygon respectively in the first quarter of 2023. (Cointelegraph)
Deribit Will Cease Offering Solana Inverse Products
After the upcoming 30 December 2022 expiry, Deribit will not list new Solana inverse options or futures.
