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Solana's founder on how memecoins help make the network more robust

Anatoly Yakovenko discusses how memecoins stress-tested Solana, enhanced network resilience, and highlighted the ease of use driving popularity while emphasizing the importance of rapid iteration.

theblock.co • 05/12/2024 - 17:16 PM

Solana's largest decentralized exchange unveils new swap feature, promises lowest prices for traders

Kamino, Solana's largest decentralized exchange, introduces a beta swap feature that optimizes trades via an intents-based system, improving efficiency and reducing costs for users.

theblock.co • 05/12/2024 - 16:40 PM

Memecoins are here to stay, says expert panel — but is utility the goal?

Experts at a conference discuss the future of memecoins, acknowledging their lasting presence while debating utility, dominant platforms, and the competition between Base and Solana.

theblock.co • 05/12/2024 - 15:50 PM

The Daily: XRP is back in crypto's top three, Michael Saylor advises Microsoft on adopting bitcoin and more

XRP, closely associated with digital asset infrastructure firm Ripple, has surpassed Tether’s USDT and Solana’s SOL to become the world’s third-largest cryptocurrency with a market cap of around $150 billion. Michael Saylor urged Microsoft CEO Satya Nadella and its board of directors to adopt bitcoin on its balance sheet, calling it the “best asset you can own.” MicroStrategy has acquired a further 15,400 BTC for approximately $1.5 billion at an average price of $95,976 between Nov. 25 and Dec. 1. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 02/12/2024 - 18:45 PM

Global Ethereum investment products hit $2.2 billion annual inflow record amid US ETF surge

Ethereum-based investment products registered $634 million worth of net inflows globally last week, led by the U.S. spot ETFs, according to CoinShares. As a result, Ethereum funds reached a new annual record of $2.2 billion in net inflows, surpassing the $2 billion peak in 2021. Meanwhile, XRP funds hit a weekly inflow record, while Bitcoin products witnessed outflows.

theblock.co • 02/12/2024 - 15:33 PM

The Daily: MicroStrategy buys record $5.4 billion in bitcoin, Sky Mavis cuts 21% of its workforce and more

Business intelligence firm and corporate bitcoin holder MicroStrategy purchased another 55,500 BTC for $5.4 billion between Nov. 18 and Nov. 24, according to an 8-K filing with the SEC on Monday. Axie Infinity crypto game developer Sky Mavis is laying off 21% of its workforce, affecting about 50 of its 250 global team, amid a “shift in priorities,” according to CEO and co-founder Trung Nguyen. Solana’s decentralized exchanges surpassed $100 billion in monthly trading volume for the first time, generating a record $109.8 billion in November so far, doubling Ethereum’s $55 billion. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 25/11/2024 - 19:15 PM

Pump.fun live streams are going too far — even for the crypto community's liking

The Solana memecoin launchpad has been criticized amid reports of users threatening self-harm or violent acts unless their tokens reach certain prices. Pump.fun claims it moderates harmful content, but its decentralized nature means that traditional terms of service may not be present or enforced in the same way.

theblock.co • 25/11/2024 - 14:26 PM

Bitcoin ETFs lead $3.1 billion weekly inflow record into crypto investment products: CoinShares

Crypto investment products registered a record $3.13 billion worth of net inflows globally last week, led by the U.S. spot Bitcoin ETFs, according to CoinShares. The funds’ year-to-date net inflows have also reached a record $37 billion, while assets under management hit a new peak of $153 billion.

theblock.co • 25/11/2024 - 11:53 AM

SOLANA

Solana’s monthly DEX volume surpasses $100 billion for the first time

The Solana network saw over $109 billion in DEX trading volume in November.

theblock.co • 25/11/2024 - 10:13 AM

Will there be a Solana ETF by the end of 2025?

Cboe BZX filed four applications for spot Solana ETFs earlier this week. The approval path for additional spot crypto ETFs should become clearer with a pro-crypto White House administration.

theblock.co • 23/11/2024 - 17:57 PM

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