Binance Labs Invests in Solayer Network
Binance Labs has invested in Solayer to enhance the Solana ecosystem by increasing network bandwidth. Having invested in a Solana restaking network known as Solayer, Binance Labs has garnered significant attention from the market environment. The investment’s primary goal is to improve the Solana ecosystem by increasing the network’s bandwidth and the level of security […]
Ethena Labs Launches USDe Trading on Solana
This integration aims to boost Ethena Labs USDe and SUSDe adoption and offers traders a reward-accruing asset. Ethena Labs has announced the expansion of its USD synthetic dollar to the Solana blockchain. At the same time as this strategic integration expands the reach, it also presents a fresh approach to the mechanics of stablecoins, which […]
SEC Drops Request on Solana’s Security Status in Binance Case
The SEC withdrew its request on Solana’s security status in the Binance case, causing misunderstandings, but experts stress it’s a strategic move, not a stance change. As part of its litigation against Binance, the SEC withdrew its request to ascertain whether specific cryptocurrencies, such as Solana, are securities on July 30. Nevertheless, this development does […]
BlackRock Crypto Chief Dismisses Solana, XRP ETF Approval Chances
BlackRock’s Head of Digital Assets, Robert Mitchnick, downplays chances of Solana and XRP ETFs at Bitcoin Conference 2024. Robert Mitchnick, the Head of Digital Assets at BlackRock, expressed his skepticism regarding the prospect of additional crypto ETFs, such as XRP and Solana, in the future during his presentation at the Bitcoin Conference 2024 on the […]
Jito Releases Open-Source Restaking Service for Solana
The Jito Foundation’s latest code release brings developers closer to activating restaking on Solana. The Jito protocol released its initial code base on July 25, enabling the unlocking of staking and restaking platforms on Solana. Despite the absence of code modifications, the potential exists for any Solana-native protocol to safeguard decentralized applications using any cryptocurrency. […]