Upexi Inc. surged more than 450% in trading on Monday after crypto investment firm GSR announced a $100 million private investment in the company. The funding will support Upexi’s shift toward a cryptocurrency-based treasury strategy, according to a company press release. The investment, made via a private investment in public equity, marks GSR’s latest move…
The recent death of Pope Francis has propelled the meme coin inspired by the Vatican’s mascot, LUCE, above 130%. Not only that, more meme coins inspired by the Pope has also popped up on the market. According to data from meme coin tracking platform GMGN.Ai, the Solana (SOL)-based meme coin called LUCE has gone up…
A Solana-based non-fungible token project plans to buy a Cold War-era nuclear bunker in England by selling 100,000 NFT “land deeds.” Launched by the creators of the doomsday-themed NFT series Meatbags, Dead Bruv aims to raise funds through a new campaign, dubbed “#buythebunker,” in an effort to purchase a Cold War-era nuclear bunker in England,…
Despite the modest crypto market recovery, the NFT market sales volume has dropped by 4.7% to $95.9 million. Bitcoin (BTC) has recovered to the $85,000 level. At the same time, Ethereum (ETH) has shown a modest 2.4% recovery in the last seven days and is hovering at the $1,600 level. The global crypto market cap…
Solana’s dApp ecosystem is outearning the competition, with more revenue than all other chains combined. In the last 12 months, Solana (SOL) dApps generated more revenue than dApps on all other chains combined. According to a report by Syndica, published on April 18, Solana dApps earned $2.8 billion in revenue. That’s 47% more than the…
Solana’s rise to a top-10 cryptocurrency has been driven by its speed, developer activity, and growing DeFi and NFT ecosystems. But its journey hasn’t been without bumps. Network outages, inflation-related governance debates, and now investor frustration with a sharp decline from its all-time high have raised questions about the long-term sustainability of its economic model….
After facing backlash from users over slow transactions, Coinbase has upgraded its Solana infrastructure. Coinbase is working to address issues that its users have experienced this year. On Thursday, April 17, Coinbase announced it had performed significant upgrades to its infrastructure on Solana. Notably, the improvements were implemented for Solana (SOL) transfers on both the…
Galaxy Digital’s research team has unveiled a proposal to reform how Solana adjusts its token inflation rate. Part of the proposal introduces a new voting mechanism called Multiple Election Stake-Weight Aggregation. The goal is to allow validators to collectively determine future deflation rates for Solana (SOL) more efficiently and inclusively, according to a note shared…
The investment universe for non-crypto native investors has largely revolved around Bitcoin and Ethereum ETFs. But that’s changing fast with the introduction of a new Solana product on the Toronto Stock Exchange. As a Canadian working in crypto space, this announcementcaught my attention. The collaboration between 3iQ Corp. and Figment to bring a Solana (SOL)…
Bybit is reversing and reissuing all PAWS tokens after botching the airdrop, leaving users angry and waiting for answers. Cryptocurrency exchange Bybit is reversing its April 15 airdrop of PAWS tokens and plans to redistribute them again after a flawed distribution left some users with extra tokens, others with none, and prompted widespread complaints. In…
