Web3
Solana spaces opens physical store in New York City
Vibhu Norby, Solana Spaces CEO, explained that the major aim of the physical store is to educate people about crypto and onboard new entrants.
Solana
Latest stories
Hacks
Solana-based Nirvana loses $3.5M to flash loan exploit; tokens tank 90%
OtterSec said the Nirvana exploit is similar to the one that affected Crema Finance earlier in the month.
Analysis
Bitcoin, Ethereum trade at weekly lows as market anticipates FOMC interest hike
Bitcoin’s price crashed to its lowest in the last seven days as the market anticipates the Feds interest rate hike.
Analysis
Bitcoin, Ethereum shed gains before looming Fed interest rate hike
With the Federal Reserve expected to raise the interest rate by at least 75 basis points on July 27, the crypto market cap has shed roughly 4%.
Merge
Ethereum Merge will not reduce gas fees, DeFi researcher says
Ethereum’s high gas fees have pushed many users to rival L1 blockchains like Solana, Cardano etc.
Legal
Solana sued for being ‘centralized,’ ‘security’
The network’s developer, founder, and partners are accused of profiting from the sale of an unregistered security.
Analysis
Bitcoin sees record outflows as Ethereum bucks trend
Most of Bitcoin outflows happened on June 17 and were likely responsible for its crash to around $17,760 on June 18.
Analysis
Crypto AuM at lowest point as investors buy the Bitcoin dip
CoinShares revealed there were clear signs of investors buying the dip as Bitcoin saw inflows of $28 million.
DeFi
Solend introduces $50M borrow limit as whale account begins debt repayment
Solend has introduced a new proposal to limit the borrowing on the platform to $50 million per account.
DeFi
Solend backtracks on ’emergency power’ proposal following community backlash
Solend says the recent price recovery of SOL has given them some time to get more feedback and also seek new alternatives.
Adoption
Cardano launches EVM side chain alpha
Developers will now be able to build Solidity-based applications on Cardano using the Ethereum Virtual Machine (EVM) sidechain.
Investments
Solana launches $100M fund to attract crypto projects from South Korea
South Korean developers might be unwilling to take the new Solana's fund bait considering the network has suffered seven outages in the last 12 months.