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Solana News
TechBullion
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Kaanch Network: The Next Solana & Ethereum Killer with the Potential to Turn $1,500 into $1 Million
- Kaanch Network is a next-generation Layer 1 blockchain that aims to surpass Ethereum and Solana.
- With its industry-leading 1.4 million transactions per second (TPS), 3600 active validators, and 0.8-second block time, Kaanch Network offers superior speed and scalability.
- The blockchain is designed to support the next generation of decentralized applications (dApps), real-world asset tokenization, and financial services, with near-zero gas fees and high-performance network.
- Kaanch Network's presale is live, offering an opportunity for early investors to turn a $1,500 investment into $1 million as the platform gains mainstream adoption.
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NullTX
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GEODNET Achieves Massive Growth in 2024, Solidifying Its Position as the World’s Largest RTK Satellite Network
- Global Earth Observation Decentralized Network (GEODNET) experienced an exceptional year in 2024 with a growth of 219% in its satellite mining network, surpassing centralized competitors like Trimble.
- GEODNET now possesses the largest RTK network in the world, representing a growing demand for decentralized, real-time satellite data.
- The sharp rise in GEODNET's native token value and market capitalization is a significant achievement in 2024. By year’s end, GEODNET's token had reached a circulating market capitalization of $62 million, up 59% QoQ and 524% YoY, nearing its all-time high.
- GEODNET also netted significant new funding in a $2 million strategic funding round led by investors, such as Animoca Brands and ParaFi.
- GEODNET presented its latest product, the GEO-PULSE, a GPS receiver that retails for $149. The receiver uses GEODNET's RTK infrastructure to furnish users with accurate navigation.
- The GEOD token ecosystem of GEODNET expanded, spanning multiple blockchain platforms, with the first additional platform being the Solana blockchain.
- GEODNET's partnerships with Septentrio and Bad Elf, both advanced GPS tech firms, mark a vital development in the company's business.
- Both collaborations are expected to boost the adoption of GEODNET's RTK network and innovative applications in sectors like autonomous vehicles, precision agriculture, and various other industries.
- GEODNET looks well-positioned for a bright future, servicing an innovative part of the ever-expanding geospatial data, and satellite mining industries.
- The company has positioned itself on a stellar growth trajectory, and with its recent partnerships and product lines, GEODNET is on its way to establishing a higher operating profile in the marketplace.
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NullTX
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$RAY Token Soars 393% in 24 Hours: Solana’s Memecoin Makes Waves with Strong Buyback Support
- Solana’s memecoin, $RAY, has undergone a nearly 400% price pump in the past day, and is now the number one degenfi.ai gainer by a wide margin.
- $RAY’s backing entity, @RaydiumProtocol, has been undertaking liquidity maneuvers to keep the token from falling, and these very buybacks and support measures are in the white paper guide for making a liquidity.
- In January 2025, Raydium spent a staggering $54 million buying back 8.8 million $RAY tokens.
- $RAY is also one of the top five on the Solana network with the highest decentralized exchange (DEX) buy volumes in the last 24 hours.
- The ascent of $RAY can equally be credited to the robust community it has attracted since launch.
- The decentralized exchange protocol supporting the token, Raydium, is well-integrated into the larger Solana ecosystem.
- As this decentralized push on the network becomes more pronounced, the role of $RAY within the Solana ecosystem is bound to increase.
- Upward price movements (aka rallies) are often sustained when there is (1) A REASON TO RALLY (like a strong support level, which we have in the form of a buyback program); (2) CONTINUED DEMAND (that could mean buying or not selling when the token is in the hands of traders and investors); and (3) A BROAD CRYPTO MARKET THAT IS HOLDING UP (which has been the case recently).
- The continued efforts by Raydium to secure the value of our token and the growing interest of the community make me think that the future of $RAY in the Solana ecosystem is potentially very bright indeed.
- The Solana ecosystem has seen its latest favourite in the $RAY token, which has emerged as the surprising top gainer of the past few days with its 24-hour surge of 393.46%.
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Crypto-News-Flash
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Solana’s Pump.Fun Faces Legal Pressure as Law Firm Demands Removal of Mocking Tokens
- Solana-based meme coin platform Pump.fun is facing legal challenges due to allegations of intellectual property violations.
- Law firms Burwick Law and Wolf Popper LLP have issued a cease and desist letter to Pump.fun, demanding the removal of meme coins that misuse their clients' names and logos.
- Pump.fun is accused of enabling token launches to target and intimidate their clients, as well as obstruct ongoing lawsuits.
- Pump.fun faces multiple class-action lawsuits alleging violation of securities law and exploiting retail investors.
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TheNewsCrypto
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Max Burwick Accuses Pump.fun of Family Attacks
- Legal dispute between Burwick Law and Pump.Fun escalates as Max Burwick accuses platform of harassment and threats to his family.
- Max Burwick files a police case against Pump.fun after the platform shared personal information and images of his family members without consent.
- Burwick alleges that Pump.fun used his family images for unauthorized fundraising, with the intention of intimidating him and distracting from the ongoing litigation.
- The lawsuit between Pump.Fun and Burwick Law takes new turns as Burwick seeks criminal investigation into the matter.
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TheNewsCrypto
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VanEck Predicts Solana to Surge to $520 by End of 2025
- Asset manager VanEck predicts Solana (SOL) to surge to $520 by the end of 2025
- VanEck cites smart contract platform (SCP) expansion as the driving factor behind the price prediction
- The SCP sector is expected to grow from $770 billion to $1.1 trillion
- Solana's SCP market share is projected to rise from 15% to 22%, increasing its market cap to $250 billion
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Crypto-News-Flash
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Ethereum Pectra Upgrade Set for Testing—What It Means for ETH
- Ethereum developers have scheduled testnet trials for Pectra, set to begin on February 26.
- The upgrade merges Prague and Electra updates, with EIP-7702 improving smart contract wallets and EIP-7251 raising the validator staking limit to optimize node operations.
- Pectra could go live on the mainnet in early April, assuming successful testing on the Holesky and Sepolia testnets.
- Ethereum is facing growing competition from rival blockchains like Solana and is undergoing leadership transitions amidst community concerns.
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TronWeekly
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Phantom Wallet Users Face Rising Threats from Phishing Scams
- Phantom Wallet users are being targeted by scammers with phishing scams designed to steal seed phrases and drain funds.
- Phishing scammers are using fake pop-ups and malicious websites to trick users into approving fake update prompts and inserting their seed phrases.
- Scam Sniffer recommends checking URLs for 'chrome extension,' testing window functionality, and avoiding sites that block right-click actions.
- Phantom Wallet has surpassed 10 million users, reached $3.6 million in daily revenue, and introduced multicurrency support for 16 currencies.
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Crypto-News-Flash
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Solana Price Prediction: VanEck Forecasts SOL to Hit $520 by 2025
- Solana (SOL) is predicted to reach $520 by the end of 2025, driven by increasing market share in the Smart Contract Platform (SCP) market and expected growth in M2 money supply.
- VanEck, an investment firm, forecasts SOL to hit $520, representing a 266% surge from the current level.
- M2 money supply is expected to grow to $22.3 trillion by the end of 2025, encouraging investment in risk assets like crypto.
- Analyst Ali Martinez predicts SOL could reach $4,700, based on a cup-and-handle pattern and a potential bullish reversal above $220.
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Cryptopotato
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SEC Reviews Grayscale’s Solana ETF Filing, Indicating Possible Shift in Crypto Regulation
- The U.S. Securities and Exchange Commission (SEC) has acknowledged Grayscale’s filing for a Solana-based exchange-traded fund (ETF).
- This is the first time the SEC has engaged with an ETF proposal tracking a cryptocurrency that was once considered a security.
- The SEC's acknowledgment is seen as a positive sign for crypto firms, indicating a possible shift in crypto regulation.
- The regulator now has a 240-day window to approve or deny the proposal for the Grayscale Solana ETF.
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Crypto-News-Flash
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Crypto ETFs for XRP, Litecoin, and Solana Gain Traction at SEC
- The SEC has acknowledged filings for exchange-traded funds (ETFs) linked to Solana (SOL), Litecoin (LTC), and XRP, signaling a potential broadening of crypto-based investment products.
- This shift in the SEC's stance is attributed to recent leadership changes within the commission.
- The SEC's acknowledgment does not guarantee approval but indicates a more receptive attitude towards diverse crypto-based ETFs.
- Solana (SOL) is trading at approximately $199.26, Litecoin (LTC) at $104.99, and XRP at $2.42, reflecting recent price movements.
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TheNewsCrypto
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VanEck Analysts Forecast SOL to Hit $520 by 2025 Year-End
- Investment firm VanEck predicts Solana (SOL) will reach $520 by the end of 2025.
- VanEck cites the growing smart contract platforms (SCP) market and the surge in M2 money supply as reasons for the prediction.
- It is estimated that M2 money supply will increase from $21.5 trillion to $22.3 trillion in 2025.
- The growth of Solana in the SCP market is also anticipated, with projections indicating a potential increase of 43% to $1.1 trillion in 2025.
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Crypto-News-Flash
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Shiba Inu Lead Responds as SHY on Solana (SHY) Earns Top Crypto Ranking
- Shytoshi Kusama, the lead figure behind the Shiba Inu network, responds to SHY's top crypto ranking and growing controversy.
- Allegations of lack of transparency surrounding SHY's origin and Kusama's role spark controversy in the Shiba Inu community.
- Kusama announces stepping down as the Shiba Inu lead, fueling speculation about SHIB's future and potential major developments.
- Cryptic messages and speculation among the SHIB community point towards a significant upcoming development.
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Cryptopotato
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Crypto Price Analysis February-07: ETH, XRP, ADA, BNB, and SOL
- Ethereum (ETH) closed the week with a 16% loss, struggling to recover above $3,000.
- Ripple (XRP) experienced a sharp reversal, ending the week with a 24% loss.
- Cardano (ADA) saw a 21% loss and is expected to continue its bearish momentum.
- Binance Coin (BNB) closed the week with a 15% loss, facing resistance at $600.
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Crypto-News-Flash
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ZetaChain Unlocks Solana Access for Seamless Cross-Chain Apps
- ZetaChain enables seamless cross-chain dApps on Bitcoin, Ethereum, Base, and Solana without requiring bridges or wrapped tokens.
- ZetaChain allows users to interact with multiple blockchains without switching networks, improving security and efficiency.
- ZetaChain integrates with Solana, making it the first Layer 1 blockchain to support cross-chain dApps across major chains.
- ZetaChain's Universal Apps and Gateway technology streamline blockchain connectivity, benefiting both developers and users.
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