Category: Solana

Is Trump, meme coin dinner an ethics breach? Plus: Shaq settles FTX lawsuit | Weekly Recap

Top tokens in the Solana ecosystem continued their bullish trend this week as sentiment in the crypto industry improved. Solana (SOL) price jumped for four straight days, reaching a high of $155, its highest level since March 3. It has jumped by over 60% from the lowest level this year. This rally, along with the…

Decentralized AI startup Nous Research has secured a $50 million investment from venture capital firm Paradigm. Blockchain firms have historically struggled to compete in the AI space, but that may soon change. On Friday, April 25, venture capital firm Paradigm announced a $50 million investment in an AI startup, Nous Research. The company will use…

MagicBlock has secured $7.5 million in a seed funding round to support the development of real-time, fully on-chain applications on Solana.  The company’s Apr. 25 fundraising announcement named Lightspeed Faction as the lead investor, with participation from Delphi Digital, Robot Ventures, Maven11, Mechanism Capital, and Solana co-founder Anatoly Yakovenko.  The round brings MagicBlock’s total funding…

Saros, a decentralized finance protocol on Solana, announced on Thursday the launch of its new Dynamic Liquidity Market Maker v3 model. The upgrade, exclusively reported by crypto.news on April 24, is built to enhance trading efficiency, decentralization, and platform resilience within the Solana (SOL) blockchain ecosystem. This DLMM upgrade is part of Saros’ 2025 roadmap…

Solana price has rallied for three consecutive weeks as cryptocurrencies and meme coins in its ecosystem rebound. Solana (SOL) crossed the key resistance level at $150, surging by 60% from its lowest point this month. Most Solana meme coins have bounced back this week. Bonk (BONK) price soared by 35% in the last seven days,…

In an effort to increase decentralization, the Solana Foundation aims to cut “validators in name only,” which rely solely on the Foundation’s stake. Solana (SOL) is bringing changes that aim to overhaul how its staking delegation program works. On Wednesday, April 23, Ben Hawkins, head of the staking ecosystem at the Solana Foundation, revealed that…

SOL Strategies Inc. has secured a financing facility of up to $500 million through a convertible note agreement with ATW Partners, the company announced Wednesday. The publicly traded firm, which focuses on investments and infrastructure for the Solana (SOL) blockchain, said the funds will be used exclusively to purchase SOL tokens and support the company’s…

DeFi Development Corporation, formerly known as Janover Inc., has officially changed its corporate name to reflect a new focus: building a transparent, crypto-native treasury strategy for public market investors.  The rebrand comes alongside a fresh $11.5 million purchase of Solana (SOL), bringing the company’s total SOL holdings to approximately $34.4 million. The company’s ticker symbol…

Burwick Law, a New York-based firm, has raised legal concerns about Metaplex’s plan to transfer over 54,000 unclaimed SOL, worth roughly $7.3 million, into its DAO treasury.  In an open letter shared on X on Apr. 22, the firm warned that the protocol’s approach could lead to legal action and damage user trust in the…