Solana Loses $1 Billion In USDT to Ethereum Due To FTX Collapse

A $1 billion chain transfer to convert USDT from the Solana blockchain to the Ethereum blockchain was just announced by stablecoin issuer Tether. During this process, Tether noted that there won’t be ...

Tether Ditches Solana, Performs $1 Billion USDT Swap

In a backward move for the Solana ecosystem, stablecoin issuer Tether is set to swap 1 billion USDT on Solana for ERC20 tokens for use on Ethereum. After the news, the price of SOL fell roughly 0.03%,...

Solana NFT Protocol Metaplex announces layoffs after FTX’s collapse

Stephen Hess, Co-founder and Chief Executive Officer (CEO) of the Solana NFT protocol Metaplex, has announced that it is laying off several individuals in the wake of FTX’s collapse. Hess added that M...

NFT Platform Metaplex Layoff Staff, Citing Solana Downturn

The FTX contagion has had devastating effects on the Solana ecosystem. With Metaplex employees joining the list of those directly affected by the FTX Fallout. Metaplex is a decentralized protocol for ...

Presale of Flasko (FLSK) Will beat Solana (SOL) And ApeCoin…

People have been buying digital tokens like Solana (SOL) and ApeCoin (APE) on the cryptocurrency market in the hopes of becoming rich quickly. Many unfortunate investors missed the large price gains s...

Solana Ecosystem Contends with FTX Fallout

November 18, 2022, 3:09PM EST • 11 min read Quick Take In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bri...

Binance Temporarily Suspends Deposits of USDC, USDT on Solana

Binance has announced that it temporarily suspended deposits of the stablecoins USDC and USDT on the Solana blockchain “until further notice.” It has since reopened deposits for USDT on Solana. USDT a...

Solana price analysis: SOL price stoops to $13.35 low after a bearish slope

The latest Solana price analysis shows a strong downtrend for the cryptocurrency today, as the coin value underwent a noticeable reduction. The ongoing decreasing trend has lowered the cryptocurrency ...

Tether says it’s moving 1 billion USDT from Solana to Ethereum

Tether, the issuer of the USDT stablecoin, said it was conducting a chain swap to move 1 billion USDT from Solana to Ethereum. The chain swap will reduce the total amount of circulating USDT on ...

Solana (SOL) holders losing trust after network blackouts. Could Orbeon Protocol (ORBN) be the game changer?

Advertisement &nbsp &nbsp It is a sad but undeniable fact of life that wherever something of value exists, someone somewhere will try to steal, copy, or sabotage it. The crypt...

Bitcoin, Binance Coin, Polygon, and Solana Daily Price Analyses – 18 November Morning Prediction

The global crypto market has witnessed a good day as it continues to add value. The recent changes for Bitcoin, Binance Coin, and others show optimistic results. As the market has regained momentum, t...

Influx of Investors To Oryen Network From Pressured Solana Network Causes Sharp Price Increases

Join Our Telegram channel to stay up to date on breaking news coverage Since the collapse of the FTX exchange, the price of SOL tokens has crashed by close to 60%. While other coins have tanked, Solan...

Metaplex Layoffs: Solana Continues to Face Trouble After FTX Bankruptcy

The havoc for the Solana network does not seem to calm down soon. Prominent open source network had deep ties with the collapsed crypto exchange FTX. The native crypto asset SOL token has already suff...

Solana prints losses in mute market performance

Over the last 24 hours, the cryptocurrency market cap saw net inflows of around $8 billion and currently stands at $836.19 billion as of press time — up 0.98% from $828.16 billion on Nov. 17. Bitcoin’...

Bitcoin Failed at $17K, Solana Drops Another 5% (Market Watch)

Bitcoin initiated another run toward $17,000 but was stopped in its tracks and has retraced by a few hundred dollars. The altcoins are quite calm on a daily scale. Solana, though, continues to lose va...

Binance, OKX and Bybit suspend USDT and USDC deposits on Solana

Major cryptocurrency exchanges continue to carry out measures in the aftermath of FTX collapse, now halting deposits in Solana-based Tether (USDT) and USD Coin (USDC). Binance announced on Nov. 17 tha...

‘Metaplex’ Solana NFT Protocol Maker Lays Off Employees

The firm got off to a great start having raised $46 million from investors. The business even released its native governance token, MPLX, in September. A wave of layoffs at Metaplex, a Solana NFT prot...

Solana: Gauging if HODLing SOL is really the way to go in the near term

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Solana witnessed a bearish continuation pattern after its recent ...

Tether Ensures No Risk From USDT on Solana, SOL Tanks Further

The world’s largest stablecoin issuer, Tether, has ensured that there are no risks from USDT on the Solana network. On Nov. 18, Tether issued a statement that Alameda issued USDT was safe from any con...

Why Binance Halted Transactions With Solana Stablecoins

Binance and other top crypto exchanges halted stablecoin deposits from the Solana (SOL) blockchain. The companies released an official statement claiming that the measure will be temporary, but it cou...

Solana: Binance suspends deposits in USDT and USDC

Solana’s price falls and Binance is taking corrective action: temporarily suspending Tether (USDT) and USD Coin (USDC) deposits on the Solana blockchain.  The world’s best-known and most widely used e...

Solana Ecosystem is Suffering After The FTX Collapse

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Crypto Exchange Binance Suspends Solana USDC and USDT Deposits

12 seconds ago | 2 mins read Exchange News The major cause was the talk regarding Alameda contemplating the sale of its SOL assets. This comes after crypto.com blocked USDC and USDT withdrawals and de...

Solana Buckles Under FTX Debris, Is Single-Digit SOL A Possibility?

Solana (SOL) was one of the hardest hit blockchains by the FTX collapse. Even now, more than a week after the initial bankruptcy, SOL continues to buckle under the weight of uncertainty left among its...

Binance, OKX Halt Solana USDT, USDC Deposits; SOL Price?

Crypto exchanges Binance and OKX announced temporary suspension of USDC (SOL) and USDT (SOL) deposits. The development comes after recent suspension of USDC and USDT on Solana deposits and withdrawals...

Evaluating the state of Solana [SOL] ecosystem post FTX demise

TVL held on Solana has declined by over 60%. User activity across the network also fell. SOL offered no respite to users as it has since fallen by 62%. Severely impacted by the sudden collapse of cryp...

Multiple Exchanges Delist USDC and USDT on Solana

Numerous major exchanges are disabling deposits and/or withdrawals for Solana-based variants of the top two stablecoins, USDT and USDC. The wave of delistings follows Solana’s major price crash in the...

Solana Plummets More Than 41% Over The Week Amid FTX Collapse

It’s been a choppy week for Solana.  The 15th-largest cryptocurrency by market capitalization has lost 41.2% of its value over the past week, according to data from Coingecko. SOL, Solana’s native tok...

Solana price analysis: Bearish momentum pulls price back to $14.24

Recent Solana price analysis has been bearish as the cryptocurrency has fallen below a key resistance level. The digital asset is currently trading at $14.24 and is down by 0.87 percent in the last 24...

Top 3 Solana Ecosystem Tokens Below $10 Million Market Cap To Watch In November 2022

Solana is a highly functional open-source project that relies on the permissionless nature of blockchain technology to offer decentralized finance (DeFi) solutions. Solana Tokens have a total market c...

The prices of Solana, CRO, Cardano and Shiba Inu

In recent days, not only has the price of Bitcoin collapsed: it is followed by Solana, CRO, Cardano, and Shiba Inu.  The difficulties caused to the crypto markets by the FTX shutdown have impacted all...

Breakpoint 2022: Overview and impressions of the Solana crypto event

Once again the Solana community got together for a tremendous 3-day conference in Lisbon, Portugal, to discuss the latest trends and perspectives in the world of crypto. 200+ speakers and 3,500+ atten...