Solana

Solana (SOL) price is poised for a potential 95% crash — Here’s why

Solana (SOL) price rallied by approximately 75% two months after bottoming out locally near $25.75, but the token’s splendid upside move is at risk of a complete wipeout due to an ominous bearish technical indicator. A major SOL crash setup surfaces Dubbed a “head-and-shoulders (H&S),” the pattern appears when the price forms three consecutive peaks …

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Ominous Solana technicals hint at SOL price crashing 35% by September

Solana (SOL) risks a significant price correction in the coming weeks owing to a classic bearish reversal setup. A 35% SOL price correction ahead? On the three-day chart, SOL’s price has been painting a rising wedge, confirmed by two ascending, converging trendlines and falling trading volumes in parallel. Rising wedges typically result in breakdown, resolving …

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Solana Market Shrugs Off TVL Fakery With Price Rebound; Ether Climbs on Merge Anticipation

The second-largest cryptocurrency by market capitalization continued a two-month surge to crack $1,900 for the first time since late May. Ether was recently trading at about $1,850, about flat over the previous 24 hours as investors continued an early celebration of the Merge, which will shift the Ethereum protocol from a proof-of-work to less energy-sapping, …

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Over 1,900 block-producing nodes in the Solana ecosystem, new report reveals

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 long-term health of the ecosystem. Previously, the …

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Corn Farmers Hedge Their Crops with Futures. This Solana DEX Wants Vaildators to Follow Suit

Cypher seeks to change that with a new futures product planned for later this quarter. Called a “validator vault,” it will help validators lock in the price of SOL they expect to receive at the end of every Solana “epoch,” about two days. Core contributors Barrett and Alex discussed the plans with CoinDesk at the …

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Is your SOL safe? What we know about the Solana hack

On this week’s episode of “The Market Report,” Cointelegraph’s resident experts discuss the latest updates concerning the recent Solana (SOL) hack. To kick things off, we broke down the latest news in the markets this week: Bitcoin realized price bands form key resistance as bulls lose $24K, significant whale activity between $22,000 and $24,800 adds …

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Crypto Options Trading on Solana Has Mostly Fizzled. A New DEX Has a Plan to Change That

The appeal is that it can make trading less capital intensive. In derivatives, it’s typical to make traders post collateral to back transactions, given the greater risk. With portfolio margining, holdings throughout their portfolio are taken into consideration when calculating how much margin they have to post, often significantly cutting collateral requirements. Money that would’ve …

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Solana and Nomad bridge fall prey to exploits losing millions

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. This past week, the DeFi ecosystem saw two exploits one after another resulting in the loss of millions of dollars. First, cross-bridge token platform Nomad became a victim of …

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