Solana
Blockaid’s findings highlight the need for increased security measures in the Solana ecosystem, according to the cybersecurity firm’s co-founder Ido Ben-Natan.
DeFi
The decentralized exchange (DEX) is already the sixth largest across all blockchain networks by total value locked.
The upgrade is designed to accommodate the increasing number of new tokens on Jupiter and Solana in response to users of the decentralized exchange aggregator experiencing transaction difficulties.
Regulation
The sale price of $64 per token represents an almost two-thirds discount to the current price of Solana.
Bitcoin
Binance advises users to withdraw their Bitcoin NFTs from its marketplace as it discontinues support for these tokens as part of an effort to “streamline product offerings.”
The Solana blockchain is experiencing a high rate of failed transactions amid massive trading volumes that has led to network congestion.
USDe’s extremely high yields and the fact that it’s not backed by fiat are reminiscent of Terra’s notorious failed stablecoin. But there are important differences between the two.
Fresh demand and liquidity is pouring into bitcoin, say analysts at Glassnode, noting that the realized cap metric has increased at an “unprecedented rate” of $79 billion per month.
Business
The Galaxy Ventures Fund I, LP, will aim to invest in 30 startups over the next three years, targeting firms building financial applications, software infrastructure and crypto protocols.
Nigerian prosecutors are seeking to hold Binance and two of its officers equally accountable on charges related to money laundering and tax evasion.