Breaking News: SOLANA – Market Insights, Analysis & Latest Updates

Someone turned $10,000 into $3 in seconds by buying Pengu at absurd $14 trillion market cap

PENGU, Pudgy Penguin's Solana token, surged to $3.5 billion market cap. Despite successes, one trader lost significantly due to liquidity issues and poor timing.

theblock.co • 17/12/2024 - 18:20 PM

Pudgy Penguins launches PENGU token on Solana with claims open for 88 days before being burned

Ethereum NFT project Pudgy Penguins has launched its PENGU token on Solana. Eligible participants have 88 days to claim their tokens before they are burned.

theblock.co • 17/12/2024 - 13:02 PM

Sol Strategies plans Nasdaq listing after 2,336% stock surge since July on Canadian exchange

The publicly-traded crypto holding company has reported a 2,336% increase in stock performance since July, as it continues to shed previous investments and double down on supporting the Solana ecosystem.

theblock.co • 12/12/2024 - 22:50 PM

The Daily: BlackRock recommends 1-2% bitcoin allocation, Step Finance plans tokenized stocks on Solana and more

BlackRock, the world’s largest investment firm with $11.5 trillion in assets under management and issuer of the largest spot Bitcoin ETF, recommended allocating up to 2% of multi-asset portfolios to bitcoin in an institutional investor report on Thursday. DeFi platform Step Finance acquired early-stage startup Moose Capital, aiming to bring tokenized stock trading of major companies like Nvidia and Tesla to Solana, targeting a Q1 2025 launch. Avalanche announced it raised $250 million in a locked token sale led by Galaxy Digital, Dragonfly and ParaFi Capital to support its Avalanche9000 upgrade. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 12/12/2024 - 19:08 PM

Solana-based tokenization platform AgriDex raises $4 million in strategic funding

AgriDex, a Solana-based platform for agricultural commodity tokenization, raised $4M in funding. It aims to tokenize $4.5B in trade commitments and expand to new commodities.

theblock.co • 12/12/2024 - 18:03 PM

Solana surpasses Ethereum as fastest growing crypto ecosystem in terms of new developers: Electric Capital

Solana leads blockchain growth with 7,625 new developers in 2023, surpassing Ethereum for the first time since 2016. Ethereum remains the top blockchain overall.

theblock.co • 12/12/2024 - 17:10 PM

Step Finance aims to bring tokenized stocks, like Nvidia and Tesla, to Solana with latest acquisition

Step Finance acquires Moose Capital to tokenize stocks on Solana, aiming to penetrate the $14 billion RWA market and diversify trading options for users.

theblock.co • 12/12/2024 - 14:00 PM

Staking platform Marinade floats proposal to tackle malicious validators and democratize MEV on Solana

Marinade proposes measures to address MEV issues on Solana, aiming to prevent malicious validators and centralization while promoting equitable access and transparency.

theblock.co • 11/12/2024 - 11:16 AM

The Daily: Satoshi's thoughts on quantum computing, Trump would 'love' bitcoin to hit $150,000 and more

The newsletter discusses quantum computing's potential threat to Bitcoin, major altcoin liquidations, a researcher's shift from Ethereum to Solana, and updates on the Bitcoin app Relai and Magic Eden.

theblock.co • 10/12/2024 - 18:28 PM

Ethereum researcher Max Resnick moves to join Solana development firm Anza

Max Resnick, an Ethereum researcher, joins Solana firm Anza, expressing concerns about Ethereum's direction and proposing goals for both networks amidst competition between Solana and Ethereum.

theblock.co • 10/12/2024 - 06:31 AM

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