menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Solana News

Solana News

source image

Zycrypto

4w

read

403

img
dot

Image Credit: Zycrypto

Anthony Scaramucci says Solana will Seamlessly Substitute Banks for IPOs

  • Anthony Scaramucci predicts that Solana could allow non-traditional users to buy IPOs through wallets by tokenizing public offerings.
  • He is authoring a book titled “Solana Rising”, highlighting Solana's appeal to institutional investors and its potential for tokenizing real-world assets.
  • Scaramucci believes Solana could become a principal rail system for assets, positioning it as an operating layer for stocks, bonds, and tokenization.
  • He anticipates skeptics like Jamie Dimon of JP Morgan Chase will eventually embrace crypto, attributing Dimon's caution to regulatory pressures.
  • Scaramucci and Michael Saylor are interested in assets transitioning into yield-bearing assets, with Solana offering staking opportunities and potential for lending.
  • Anthony Scaramucci sees Solana as a key player in the future financial ecosystem.
  • He envisions a tokenization process enabling broader access to IPOs through Solana.
  • Scaramucci's book, “Solana Rising”, showcases the network's scalability and efficiency for institutional investors.
  • Solana is poised to facilitate the tokenization of various assets such as real estate and securities.
  • Scaramucci highlights Solana's potential to serve as a foundational layer for the trading and transfer of tangible assets.
  • He expresses confidence that traditional finance figures, like Jamie Dimon, will eventually warm up to crypto innovations like Solana.
  • Scaramucci emphasizes the versatility of Solana's ecosystem in enabling lending and staking opportunities for users.
  • He foresees Solana evolving into a reputable platform for financial services akin to established institutions like Goldman Sachs.
  • Anthony Scaramucci discusses the evolving landscape where assets can generate yields through platforms like Solana.
  • He believes Solana's lending capabilities will enhance its attractiveness as a yield-generating asset beyond basic staking rewards.
  • Based on Scaramucci's insights, Solana appears to offer a comprehensive financial ecosystem with diverse benefits for users.

Read Full Article

like

24 Likes

source image

Bitcoinist

4w

read

11

img
dot

Image Credit: Bitcoinist

Binance Proof Of Reserves Shows Exchange Holds No Ethereum Or Solana, So What Do They Hold?

  • Binance's latest Proof of Reserves audit for Ethereum and Solana reaffirms that all customer assets are fully backed at a 1:1 ratio.
  • The audit reveals that Binance holds no excess reserves of ETH and SOL beyond customers' deposits, reflecting their policy of fully backing user funds.
  • The report shows Ethereum and Solana balances closely matching user deposits, leading to a 100.00% reserve ratio for both cryptocurrencies.
  • This could indicate a strategic decision by Binance to allocate reserves toward other assets as compared to Ethereum and Solana.
  • Binance holds more reserves in stablecoins like BUSD, USDC, FDUSD, and USDT, with significant surplus to maintain stability and liquidity.
  • Bitcoin reserves on the exchange exceed customer balances, and surplus reserves are also noted in XRP, SHIB, LTC, BNB, and DOGE.
  • Litecoin (LTC) on Binance shows a strong reserve ratio of 113.61%, Binance Coin (BNB) is over-backed at 111.74%, and Dogecoin (DOGE) is notably over-collateralized at 110.99%.

Read Full Article

like

Like

source image

Crypto-News-Flash

4w

read

416

img
dot

Image Credit: Crypto-News-Flash

SEC Pushes Forward on Solana ETF Review — S-1 Amendments Due Next Week, SOL Rallies 6%

  • The SEC progresses on reviewing Solana ETF applications, requesting S-1 form amendments to be submitted next week.
  • Solana (SOL) experiences a 6% price surge to $165, attributed to positive market sentiment.
  • Several asset managers, including VanEck and Grayscale, have submitted applications for a spot Solana ETF and must update their filings within the week.
  • Updates are expected to address in-kind redemptions and staking, with the SEC showing openness to allowing staking in these ETFs.
  • The SEC plans to provide feedback on the filings within 30 days to help issuers meet regulatory requirements.
  • Canada has already launched Solana ETFs, while delays exist in the US approval process, raising concerns about the country's competitive position in the financial market.
  • Speculations point to an 85% chance of a SOL ETF approval by 2025, with potential approval by mid-July 2025, but delays similar to Bitcoin and Ethereum ETFs are possible.
  • The request for amended filings has led to a 6% increase in SOL price, which currently stands at $165, with a surge in daily trading volume to $5.6 billion.
  • Market optimism surrounds the possibility of ETF approval, with expectations of further price boosts and institutional adoption for Solana.
  • Technical analysis suggests current resistance at $182 for SOL, but long-term forecasts favor potential rallies towards $1,000 upon ETF approval.
  • The appointment of Paul Atkins as the permanent chair of the SEC adds to the positive outlook for Solana ETF approval.

Read Full Article

like

25 Likes

source image

TechBullion

4w

read

26

img
dot

Image Credit: TechBullion

5 Altcoins To Look Out For in the First Half of June 25: DOGE, SHIB, SOL, ETH, YETIO

  • Crypto market is active in June with DOGE, SHIB, SOL, ETH, and YETIO gaining attention.
  • DOGE shows potential cup-and-handle breakout, large wallets accumulating, energy around potential payment rail.
  • SHIB experiences high burn rates, increase in community activity and interest in Shibarium L2.
  • SOL faces selling pressure due to daily unlocks but maintains price resilience with DeFi and GameFi adoption.
  • ETH sees institutional inflows, reorganizes core engineering teams for improved performance.
  • YETIO combines meme-coin virality with tangible play-to-earn economics, with presale ongoing and gaming utility planned.

Read Full Article

like

1 Like

source image

Medium

4w

read

110

img
dot

Image Credit: Medium

Billions Network: Redefining Digital Identity and Privacy

  • Billions Network aims to create a global network merging humans and AI into a unified digital identity ecosystem.
  • The platform utilizes blockchain technology for direct access to financial services, bridging centralized and decentralized finance.
  • Billions Network has initiated an airdrop program to reward early adopters with POWER points for various activities.
  • Participants can earn points by signing up, linking wallets, engaging on social media, and referring others.
  • The airdrop process is simple, free, and can be completed quickly.
  • Specific reward details have not been announced yet, but early participants may benefit from future token distributions or other perks.
  • This airdrop presents an opportunity to engage early with Billions Network in the digital identity and privacy sector.
  • Billions Network's positioning at the privacy-digital identity-financial inclusion intersection aims to empower individuals and AI in a decentralized environment.
  • Early involvement in the platform could offer lasting advantages as it expands.

Read Full Article

like

6 Likes

source image

TronWeekly

4w

read

314

img
dot

Image Credit: TronWeekly

Altcoins Set to Surge: Bitcoin’s Record High Could Boost Ethereum & More

  • Bitcoin's nearing new highs sparks bullish surge in altcoins like Ethereum, Solana, and Chainlink.
  • Market instabilities have ended, with experts predicting altseason as Bitcoin stabilizes.
  • Altcoins set for significant growth, especially Ethereum, due to strong fundamentals.
  • Market expects altcoins to surge alongside Bitcoin nearing a new high, with potential for major price jumps.
  • Large number of short positions liquidated with Bitcoin's rise, signaling potential for altseason.
  • Ethereum, Solana, and Chainlink likely to lead gains in altcoin market amidst Bitcoin's rally.
  • Ethereum's network expansion draws attention, alongside positive market sentiment towards altcoins like Solana and Chainlink.
  • Concerns exist around meme coin volatility impacting altcoin market, but stable cryptocurrencies expected to thrive.
  • Traders anticipate further rise in Bitcoin's value, leading to potential surge in altcoins such as Ethereum.
  • Altcoins showing signs of growth as several surpass important resistance points, with Ethereum primed for potential rise.
  • Altseason appears to be starting, with altcoins poised for significant price increases as market momentum rises.

Read Full Article

like

18 Likes

source image

Medium

4w

read

164

img
dot

Image Credit: Medium

Introduction to Arcium: Decentralized Private Compute for Web3

  • Arcium enables decentralized private compute for Web3 by allowing smart contracts to process encrypted data directly, maintaining privacy throughout the computation lifecycle.
  • Built for Solana developers, Arcium integrates privacy into existing workflows with minimal changes, offering confidentiality for DeFi apps, marketplaces, games, and AI models within the Solana ecosystem.
  • Arcium extends Solana's Anchor framework through its Arcis framework, enabling the writing of confidential instructions in Rust without requiring complex cryptography knowledge.
  • The process involves encryption by the client, computation by Arcium's MPC network, and returning encrypted results, all conducted on-chain using Solana and Arcium's protocol.
  • This approach allows for processing sensitive data, including financial transactions, private user data, gaming interactions, and AI model training, with encryption at every step.
  • Arcium enhances security by ensuring that data remains encrypted during processing, reducing the risks of exposure, leaks, or unintended access.
  • The MXE program facilitates the submission of jobs to Arcium's MPC network, promoting secure processing of encrypted data for diverse applications within the Web3 ecosystem.
  • Developers can easily add confidentiality to their projects by marking functions as confidential within Arcium, enhancing data protection and privacy in decentralized applications.
  • Additionally, Arcium streamlines the integration of privacy-enhancing features in Solana projects, offering a high level of security and privacy for various decentralized applications.
  • The use of encryption at each stage of the process, from local data encryption by the client to the encrypted results returned, ensures data security and privacy for users interacting with Web3 applications powered by Arcium.
  • Through its MPC network and on-chain processing capabilities, Arcium supports the secure and private handling of sensitive data while ensuring the integrity of computations within the decentralized Web3 environment.
  • Overall, Arcium's integration with Solana and its provision of decentralized private compute capabilities offer a secure and confidential solution for processing encrypted data in Web3 applications.
  • Developers can leverage Arcium to enhance privacy features in their projects, ensuring data confidentiality and protection while interacting with sensitive information on the Solana blockchain.
  • The decentralized private compute capabilities provided by Arcium align with the growing need for secure and confidential data processing in decentralized applications within the Web3 landscape.

Read Full Article

like

9 Likes

source image

TronWeekly

4w

read

426

img
dot

Image Credit: TronWeekly

SEC Fast Tracks Solana ETF Review for Potential July Approval

  • The SEC is fast-tracking Solana ETF proposals, with potential approvals as early as July after requesting updated S-1 filings.
  • Regulators are considering allowing staking within Solana ETFs, a move that could significantly benefit investors.
  • Bloomberg analysts estimate a high likelihood (90%) of Solana ETF approval in 2025, similar to expectations for a Litecoin ETF.
  • Grayscale and other asset management firms are in discussions with the SEC for offering Solana ETFs, with Grayscale leading the push.

Read Full Article

like

25 Likes

source image

TronWeekly

4w

read

31

img
dot

Image Credit: TronWeekly

Pump.fun Sends 132K SOL to Kraken in Recent Selloff

  • Pump.fun transferred 132,180 SOL (~$20.87M) to Kraken in its biweekly selloff trend, surpassing $303M in 2024 withdrawals.
  • Despite earning over $400M in SOL, less than $1M has been redistributed to the community, raising concerns about sustainability and ecosystem support.
  • Only 0.81% of tokens from Pump.fun transition to DEXs, indicating declining success rates amid speculation of a potential Pump.fun token launch.
  • While dominating Solana network activity, Pump.fun faces criticism for redistributing only a small portion of its profits back to the community, sparking uncertainties about its long-term sustainability.

Read Full Article

like

1 Like

source image

Newsbtc

4w

read

346

img
dot

Image Credit: Newsbtc

Solana Bounces Back: Bullish Wave Builds Above $155 After Sharp Dip

  • Crypto analyst Grayhoood observes a bullish trend in Solana (SOL) with a 2.8% price increase over the past 24 hours.
  • Short-term strength in SOL seen as it recovers from $151 to $155.35, while the long-term outlook remains volatile with a 3.9% yearly loss.
  • Technical indicators like RSI, Stochastic Oscillator, and CCI suggest short-term bullish momentum for SOL, with a potential shift into overbought territory due to rapid price surges.
  • Solana's moving averages show a mixed outlook, with short-term indications hinting at buying pressure and long-term trends reflecting lingering weakness despite recent gains.

Read Full Article

like

20 Likes

source image

Crypto-News-Flash

4w

read

364

img
dot

Image Credit: Crypto-News-Flash

French Bank Société Générale Set to Launch USDCV Stablecoin on Ethereum and Solana

  • French banking group Société Générale is set to launch a new stablecoin called USDCV on the Ethereum and Solana blockchains to enhance settlement and liquidity for institutional clients.
  • USDCV will be backed by cash reserves and is part of Société Générale's move towards regulated digital finance under its digital asset arm, SG-FORGE.
  • The decision to launch on Ethereum and Solana strategically leverages Ethereum's dominance in DeFi and Solana's speed and lower fees for high-volume operations.
  • The launch of USDCV by Société Générale reflects the bank's broader strategy in blockchain-based assets and bonds, aiming to provide a tool for settlements, lending, and on-chain operations.

Read Full Article

like

21 Likes

source image

Coinpedia

4w

read

53

img
dot

Image Credit: Coinpedia

Solana Price to Target $200 Amid Bullish Momentum and Staking ETF News?

  • Solana's price is experiencing fresh bullish momentum, potentially rallying towards $200.
  • The first U.S. Staking-Enabled Solana ETF is enhancing SOL's price, reflecting a growing institutional interest.
  • An analyst anticipates a 5X-10X price surge for Solana in the near future.
  • Current Solana price is at $158.87 with a 3.42% gain, aiming for $200 target if bullish trend continues.

Read Full Article

like

3 Likes

source image

Cryptoticker

4w

read

2.9k

img
dot

Image Credit: Cryptoticker

Solana Price Prediction: Can SOL Break $170 This Week?

  • Solana (SOL) price is showing signs of recovery after a turbulent period, aiming for a breakout towards the $170–$180 zone.
  • On the 1-hour chart, SOL is trading above key moving averages, with bullish momentum indicating potential short-term strength.
  • The daily chart reveals SOL trying to break the 20-day and 50-day SMAs to target the 200 SMA at $176.33, indicating a bigger breakout possibility.
  • Immediate resistance for SOL is at $160–$163, with support at $144, and the potential for a move towards $170–$175 if bullish momentum continues.

Read Full Article

like

18 Likes

source image

Medium

4w

read

333

img
dot

Image Credit: Medium

Arcium is Building the nextGen Encrypted Supercomputer to Protect Privacy at Scale

  • Arcium is a decentralized confidential computing network that enables Multi‑Party Computation (MPC) over encrypted data to create an 'encrypted supercomputer' ensuring data privacy during execution.
  • Arcium offers Privacy 2.0 by providing shared private state, allowing activities like executing DeFi trades without exposing sensitive information.
  • Key milestones include the launch of community-built dApps, Arcis enhancements, and plans for phase 2, which involve opening to third-party node operators and implementing staking mechanisms.
  • Arcium's focus is on building an encrypted computing layer that works in conjunction with blockchains, enabling applications in private markets, hidden information games, encrypted AI, and more.

Read Full Article

like

20 Likes

source image

Newsbtc

4w

read

333

img
dot

Image Credit: Newsbtc

Solana Triangle Formation Breakout Targets Rally To $164 – Is A Recovery Around The Corner?

  • Solana (SOL) has shown signs of recovery and a breakout from a bullish formation, targeting a rally to $164.
  • After bouncing back from its recent drop to $140, SOL has gained 2.45% in the weekly timeframe, reclaiming key support levels.
  • Analysts suggest that a breakout confirmation could push SOL to $164 and potentially towards $180 and $200 levels, but failing to maintain current levels may lead to a retreat to $142 or $135.
  • Market watchers indicate that if global conflicts do not hinder, Solana could climb higher, with one suggesting a potential target of $300 in the future, while a confirmed breakout above a bullish pattern could lead to new all-time highs.

Read Full Article

like

20 Likes

For uninterrupted reading, download the app