SOL Holds $140 Support as Upbit Hack Fails to Shake Solana Ecosystem
Solana (SOL) is showing remarkable resilience this week, holding firmly above the critical $140 support zone despite heightened market anxiety following a $37 million hack on South Korea’s Upbit exchange. Related Reading: The Bull And Bear Scenario For XRP That Could Play Out In November The stability comes at a time when institutional interest in Solana is accelerating, highlighted by Franklin Templeton’s recent Form 8-A filing with the U.S. SEC to launch a Solana ETF. Franklin Templeton’s Solana ETF Fuels Institutional Momentum The global investment giant, which manages $1.67 trillion in....
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Coinbase Wallet just added support for the Solana (SOL) ecosystem and it also plans to further support NFTs and DApps in the near future. Solana And Coinbase The self-custody wallet introduced its initial phase of support to the ecosystem by allowing users to send, receive, and store SOL and SPL tokens through its browser extension. […]
Solana has faced relentless selling pressure since late January, wiping out over 40% of its value after reaching all-time highs. Price action remains bearish, with SOL struggling to find strong support as the broader market experiences volatility. Investors are increasingly cautious, fearing that further declines could follow if key levels fail to hold. Related Reading: Ethereum Is Consolidating After The Flush Last Weekend – The Calm Before A Big Move? However, analysts believe Solana could see a swift recovery if it manages to maintain its current structure. Top analyst Daan shared a....
The blockchain unicorn created Web3 Engine as a developer tool set targeting DeFi, GameFi and NFT products and services. Digital asset custody platform Fireblocks has launched support for Solana, giving its thousands of users access to the developer network’s applications and infrastructure. Beginning Tuesday, Fireblocks users will have direct access to Solana’s various decentralized finance (DeFi) and Web3 applications — a move the company says will directly benefit “alternative asset managers” and “capital market participants.”“Thousands of businesses use Fireblocks to access novel Web3....
Amid the market retrace, Ethereum (ETH) has lost its key $2,600 support zone and fallen below the next crucial level. As the second-largest cryptocurrency by market capitalization attempts to hold its current range, some analysts predict a 6% drop could be coming. Related Reading: Solana Sentiment Hits 1-Year Low Amid Market Correction – Analyst Suggests Drop To $70 Ethereum Risks Fall To $2,180 Following the $1.5 billion hack of crypto exchange Bybit, the crypto industry experienced a market correction that sent most cryptocurrencies below their key support levels. Bitcoin’s price fell....
Solana released its first "Validator Health Report" post-wallet hack, which reveals 3,400 validators across six different continents. Solana released its first-ever, "Validator Health Report" which revealed information on its network operators. According to the report the network has over 1,900 block-producing nodes with nearly 1,688 (88.14%) of those run by independent entities. Solana says the health and strength of its validators is critical to the long-term health of the ecosystem. Previously, the network has faced backlash for both a lack of decentralization and expensive validator....