Bear Market
Solana Foundation reveals minimal exposure to FTX
FTX and Alameda had bought over 50 million SOL from the Solana Foundation between 2020 and 2021.
Solana
Latest stories
Exchanges
FTT tanks 30% after 1.9M tokens moved to FTX, Binance denies selling
Reports from Lookonchain and Peckshield identified several whale transactions that could have impacted FTT's value.
Adoption
Breaking: Google Cloud becomes a Solana validator
Google Cloud's partnership with Solana will see the company become a Solana validator and add the network to its Blockchain Node Engine and BigQuery services.
Outage
Cloud service provider Hetzner blocks access for Solana validators over TOS breach
Top executives at Solana urged affected validators to move their operations to a crypto-friendly cloud service provider.
Hacks
Solana TVL tanks 23% following $100M Mango Market hack
The hacker wants Mango Market to use the $70 million in its treasury to repay bad debts.
Adoption
Helium community votes to migrate to Solana, scores new T-Mobile partnership
The Helium Mobile project would be targeted at dead 5G spots in the U.S. for the wireless network users.
Technology
Algorand throws hat in ring as Helium community begins vote on Solana migration
Available information shows that Helium developers considered other blockchains like Polkadot, Ethereum, Polygon, Avalanche, and Algorand before settling for Solana.
NFTs
Solana-based y00ts NFT collection launches; developers raise $7M in seed round
Y00ts has had a volume of $6.5 million and its floor price rose to as high as 186 SOL ($6138).
Bear Market
Helium down 55% in last 30 days as challenges run rife
Helium's market cap has drastically declined by over 50%, dropping from over $1 billion to around $490 million.
Technology
Helium developers propose migration to Solana
Helium community members are bashing the Solana migration idea, citing the network outages and other issues.
DEX
Solana-based DEX OptiFi loses $661,000 permanently after mistakenly closing program
OptiFi said it used the "Solana close program" without fully understanding the impact of the action.
Privacy
Coinbase will shut down staking service if regulators mandate censoring transactions
Coinbase's staking services are a high growth area and generated 8.5% of its revenue in the second quarter.
