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Solana News
Cryptoslate
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Image Credit: Cryptoslate
Blockchain security firm warns of AI code poisoning risk after OpenAI’s ChatGPT recommends scam API
- Blockchain security firm Slowmist warns of AI code poisoning risk.
- AI code poisoning involves injecting harmful code into AI models' training data.
- An incident with OpenAI's ChatGPT led to a user losing $2,500 in digital assets after the chatbot recommended a fraudulent Solana API website.
- Scammers are manipulating AI models to generate fraudulent outputs, posing a threat to users and undermining trust in AI-driven tools.
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Bitcoinsensus
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Solana $264 ATH: Solana Price Prediction
- Solana's price reaches a new all-time high of $264.
- Potential buy opportunities may arise at demand zones or during retracements to lower levels.
- Monitoring lower time frames for structure shifts is crucial for identifying strategic entry points.
- No one knows with certainty how the market will move, so staying grounded and avoiding emotional decisions is essential.
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Cryptoticker
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Image Credit: Cryptoticker
Solana hits new ATH, BUT will it be THE LAST this November?
- Solana (SOL) hits a new ATH of $265, marking a significant recovery from its 2022 lows.
- Optimism around a potential Solana-based spot ETF and regulatory changes drive the price surge.
- Solana's growth is supported by institutional interest and the rise of decentralized finance (DeFi) on its platform.
- With favorable factors and a robust ecosystem, Solana is well-positioned for further growth.
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Crypto-News-Flash
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Solana ETF Filings Skyrocket as SOL Hits All-Time High
- Solana (SOL) has surpassed its all-time high, reaching over $260.
- Increased interest in Solana ETFs is seen as multiple companies file for ETF listings.
- Chicago Board Options Exchange (CBOE) has filed for Solana ETFs from VanEck, 21Shares, Canary Capital, and Bitwise.
- Solana's market capitalization rose to $124 billion, with a trading volume of $11.3 billion.
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TheNewsCrypto
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Image Credit: TheNewsCrypto
Solana Hits NEW ATH As Bull Run Out Performs Previous Cycles
- Solana price hits a new all-time high as its bullish rally accelerates.
- The altcoin's daily trading volume surges 57.73%.
- Solana surpasses its previous all-time high from three years ago.
- Technical indicators suggest Solana's bull run may continue.
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Cryptonews
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Image Credit: Cryptonews
Sui Dubbed Next Solana as Blockchain Outage Lasts 2 Hours
- The Sui Network, a Layer-1 blockchain, experienced a 2-hour outage due to a critical bug in transaction scheduling logic.
- Block production was halted as all validators crashed, but the Sui team swiftly deployed fixes to restore operations.
- During the downtime, SUI price fell by 10% but stabilized once the issue was resolved.
- The incident highlighted vulnerabilities in blockchain scalability, prompting Sui to improve testing systems and incident response times.
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Bitcoinist
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Image Credit: Bitcoinist
Solana On-Chain Activity Skyrockets As Transfer Volume Hits Record-Breaking Heights
- The Solana network has experienced a significant spike in transfer volume, reaching a new all-time high of $318 billion.
- The surge in transfer volume reflects Solana's increasing popularity due to its fast and low-cost transactions, as well as the growing interest in decentralized apps and projects on the network.
- The rise in transfer volume is accompanied by a surge in decentralized exchange (DEX) volume, indicating the rising need for decentralized operations and user engagement on the Solana network.
- Analysts predict that SOL's bullish momentum could lead to a move towards $400, driven by a Cup and Handle formation on the monthly chart.
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Medium
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Image Credit: Medium
Unveiling Arcium Network: The Future of Confidential Computing
- The Arcium Network is a distributed architecture that utilizes multi-party computation (MPC) tasks.
- It ensures that no single node has access to the complete dataset, enhancing security and privacy.
- This technology has implications for industries such as blockchain, healthcare, finance, and AI.
- Arcium Network currently operates on Solana but plans to expand to other chains.
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6 Likes
Cryptoticker
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Image Credit: Cryptoticker
Solana Price Consolidates at $250: Bullish Signals Indicate $300 is Within Reach
- Solana (SOL) has been consolidating around $250 after a recent rally.
- Strong technical indicators suggest further growth may bring it to $300.
- Solana's consolidation phase provided a solid foundation for the recent bullish breakout.
- If Bitcoin breaks $100,000, it could catalyze a market-wide rally and help Solana reach $300.
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TheNewsCrypto
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Image Credit: TheNewsCrypto
Can Solana (SOL) Break Past the $260 Mark?
- Solana (SOL) has broken through its crucial resistance above $230 and is trading at $244, with a 2.82% spike.
- Solana has witnessed a 24-hour liquidation of $14.86 million, with a daily trading volume of $7.72 billion.
- The ongoing market sentiment for SOL remains neutral, with a potential downside correction to $232.57 or $225, and a possibility of reaching $253.71 or even a new all-time high at $260.06.
- Solana's technical indicators show a bearish momentum, but the Chaikin Money Flow indicates a possible spike in demand.
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21 Likes
Newsbtc
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Image Credit: Newsbtc
Crypto Community’s Revenge: Solana Memecoin Rug-Pulled By Gen Z Trader Hits $80 Million Market Cap
- A 12-year-old crypto trader attempted to rug-pull a Solana-based memecoin on a live stream.
- The young trader sold all his QUANT holdings, making a $29,600 profit in minutes.
- The crypto community took over the Solana memecoin, sending the price to $82.3 million market cap.
- The memecoin's rally has significantly slowed throughout the day, falling 57% from its peak.
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Cryptoslate
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Image Credit: Cryptoslate
Bitwise registers Solana Trust signalling future SEC application for SOL spot ETF
- Bitwise Asset Management has registered a statutory trust in Delaware, signaling plans to file for approval of a spot Solana exchange-traded fund (ETF) with the Securities and Exchange Commission (SEC).
- Bitwise's Solana ETF would track the market price of Solana, offering investors exposure to the fourth-largest cryptocurrency by market capitalization.
- The ETF would compete with other firms like VanEck and Canary Capital, who are also pursuing spot Solana ETFs.
- Bitwise's registration of the Solana Trust aligns with its strategy to broaden its crypto offerings and follows significant growth in its assets under management, reaching $5 billion by mid-October.
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Crypto-News-Flash
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Image Credit: Crypto-News-Flash
Bitwise Files for Spot Solana ETF Amid Growing Crypto Momentum
- Bitwise, a San Francisco-based financial services firm, is preparing for a Solana ETF after filing an XRP ETF with the SEC.
- The Bitwise Solana ETF is designed to mirror Solana’s performance and is currently the fourth-largest cryptocurrency in market capitalization.
- Bitwise's filing for a Solana ETF positions it alongside other asset managers also looking to capitalize on Solana's increasing importance.
- Solana has shown significant growth and record-high daily revenues, becoming the fourth-largest cryptocurrency with a market capitalization of $116 billion.
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Crypto-News-Flash
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Image Credit: Crypto-News-Flash
Is Solana a Good Buy Now or Are You Too Late?
- Solana's ecosystem is thriving with record-breaking network activity driven by memecoin trading and platforms like Raydium and Jito.
- Technical indicators suggest that Solana has momentum for further growth, with strong on-chain metrics and remarkable performance.
- Solana's supremacy in decentralized exchange (DEX) activity and the growth of memecoins contribute to its reputation and development potential.
- While there are market cycle hazards, experts believe that Solana presents less risk compared to other speculative assets and still offers appealing growth opportunities.
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TheNewsCrypto
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Image Credit: TheNewsCrypto
Bitwise Seeks Approval for Solana ETF Registration
- Bitwise Investment has filed the S-1 form for a spot Solana ETF, joining other asset managers in offering exposure to Solana.
- Bitwise's move reflects growing institutional interest in Solana, with predictions of potential approval by the end of 2025.
- Political landscape, including the potential appointment of a new SEC chair, may ease regulatory barriers for crypto ETFs.
- The price of Solana (SOL) is currently trading at $241.81 with a 3.18% increase in the past 24 hours.
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