Multicoin Capital announced a proposal for Solana to transition into a variable-rate inflation system regarding its token emission model; this will help decrease inflation while supporting staking dynamics and long-term ecosystem sustainability. Currently, Solana operates on a fixed schedule of inflation. The proposed model provides for three parameters: Initial Inflation ... Read more
On January 11, Litecoin’s official X account was compromised by a hacker promoting a fraudulent Litecoin token launched on the Solana network. The hacker’s post, “LTC is now in Solana,” featured a contract address and a scam token link, leading to followers’ confusion. The Litecoin team swiftly addressed the situation, ... Read more
Ki Young Ju the CEO of CryptoQuant analyzed the current state of the altcoins, stating that the market is a “zero-sum PvP game.” In this market structure, the advantage that one player has is the disadvantage of the other player with no new money coming into the industry. This observation ... Read more
Solana developers introduced a quantum-resistant vault intended to protect users’ funds against the potential threat of emerging quantum computing technology. The important solution dubbed the “Solana Winternitz Vault,” employs advanced cryptography to outsmart the developing quantum computing abilities. The Winternitz Vault relies on an advanced hash-based signature scheme that generates ... Read more
Volatility Shares has submitted a proposal to the U.S. Securities and Exchange Commission (SEC) to launch futures-based Solana (SOL) exchange-traded funds (ETFs), which could significantly change crypto trading. The proposal includes ETFs offering 1x, 2x leveraged, and -1x inverse exposure to Solana futures, providing traders with opportunities to benefit from ... Read more
A parody X account Richard E. Ptardio, a former trader, has donated nearly $1 million worth of memecoins to charity after an unexpected surge in their value. On December 17, Ptardio received 700 million PTARDIO tokens, created through the Solana token creator Pump.fun. Initially worth $53,250, these tokens skyrocketed by ... Read more
According to data from Shibburn.com, Shiba Inu (SHIB) recently witnessed a burn of 17 million tokens worth approximately $500, according to data from Shibburn.com. While seemingly insignificant compared to SHIB’s $16.53 billion market cap, it underscores the commitment to token deflation. Despite this seemingly minor burn, SHIB’s deflationary mechanism reminds ... Read more
Max Resnick, a prominent Ethereum researcher, has made a notable career move by joining Solana-focused research firm Anza. After two years with Consensys, where he played a critical role in Ethereum development, Resnick shifted gears, citing concerns with Ether’s roadmap. His new role at Anza will see him contribute to ... Read more
Solana’s low fees and high-speed transactions are driving the meme coin adoption, ushering in a new era in blockchain activity. Over the past 24 hours, SOL clinched the fifth position in the top 10 positions in fee generation among crypto protocols. This is significant considering Ethereum’s domineering influence, a game ... Read more
Solana’s decentralized exchanges (DEXs) reached a new peak, crossing $5 billion in daily trading volume for three days straight, a first for the blockchain. Throughout the week from November 10 to 16, the total trading volume amassed a substantial $15.9 billion, per DeFiLlama data. Raydium, one of the network’s key ... Read more
