Jupiter token rebounded to its highest levels in months as traders react to the upcoming launch of a decentralized lending platform. The Solana-based DeFi protocol Jupiter (JUP) is back in the spotlight. On Monday, May 26, Jupiter token was trading gained 15% in 24 hours. Trading at $0.61, the token rebounded to the levels last…
Psy CEO explains the importance of cross-chain bridges after the launch of a trustless Dogecoin to Solana bridge. Cross-chain bridges play an important role in blockchain interoperability. However, while contributing to crypto ecosystem integration, they are also a major source of vulnerability. In an interview with crypto.news, Carter Feldman, CEO and founder of Psy, explained…
RAY price is poised for a 30% surge to $4.20, buoyed by Raydium’s ongoing token buybacks. Raydium (RAY) has surged 10% in the past 24 hours, currently trading around $3.30 as it consolidates following its recent 60% rally from $2.40 to $3.86. The price structure is decisively bullish, with RAY price having printed five consecutive…
Jupiter has just revealed plans to launch its advanced lending platform, Jupiter Lend, later this summer—sending its token JUP soaring 14% as investors welcomed the protocol’s expansion into DeFi lending. On May 23, Jupiter (JUP), a leading DEX aggregator on Solana (SOL), announced that it will launch its new lending product, Jupiter Lend, later this…
R3 will leverage Solana’s infrastructure to give financial institutions access to their own private blockchains. Solana’s (SOL)new partnership will enable financial institutions to build on its scalable blockchain infrastructure. On Thursday, May 22, R3 has partnered with the Solana Foundation to use the Solana network for its private blockchains. R3 will deploy its permissioned consensus…
Little Puff, a Solana memecoin inspired by TikTok’s most-followed cat, has surged nearly 300% since launch and now boasts a market cap of over $13 million three weeks after minting. That Little Puff (PUFF), a new cat-themed memecoin launched on Solana (SOL) memecoin launchpad Pump.fun, has gained massive traction in recent days, rising around 60%…
Bonk, the second-biggest Solana meme coin after Trump Coin, may be at risk of a significant drop as whales and smart money investors reduce their positions. Bonk (BONK) was trading at $0.00002053 on Wednesday, down 20% from its monthly high. Data from Nansen and Santiment shows that both smart money investors and whales have trimmed…
A team of Coinbase alumni has raised $11 million to debut True Markets, a stablecoin-native DeFi app offering real-time execution and self-custody on Solana. True Markets, a new mobile-focused non-custodial startup founded by former Coinbase executives Vishal Gupta and Patrick McCreary, has raised $11 million to bring its stablecoin-native, mobile-first DeFi app to iPhones, pushing…
Solana price saw a slight uptick as the cryptocurrency market looked to hold onto recent gains, with the altcoin consolidating within a key range. The price of Solana (SOL) rose more than 3% in the 24-hours, up from a 6% dump the previous day. Latest gains during early trading during the U.S. session on May…
Solana is down 6%, reflecting a broader decline in the markets, as liquidations contribute to volatility. Solana (SOL) is down amid a broader market decline, caused by a spike in liquidations. On Monday, May 19, Solana dropped 6.02%, trading at $163.97 amid a sector-wide pullback caused by the ongoing macroeconomic uncertainty. Almost all crypto tokens…
