Filecoin’s recent integration with Solana marks a significant move towards enhancing the reliability and scalability of the blockchain. Solana’s adoption of Filecoin aims to make block history more accessible and usable for various stakeholders, leveraging Filecoin’s decentralized storage capabilities.
VanEck analyst Matthew Sigel suggests a bug in the Solana network’s BPF loader, possibly linked to a prior SMID proposal, caused the recent outage. He further speculates about the possibility of manual triggering, though definitive evidence remains unavailable.
BitMEX co-founder Arthur Hayes has made a splash in the crypto world with his recent investment moves. Hayes believes that Bitcoin is headed for a dip and has placed a bearish bet by purchasing puts expiring in March 2024 that profit if the price falls below $35,000. To free up capital for this bet, he sold his holdings in Solana and Bonk at a slight loss. If his prediction holds true, Hayes plans to “bottom fish” for undervalued buying opportunities.
Solana’s blockchain is experiencing a remarkable surge in stablecoin activity, with transfer volumes hitting a record high of $303 billion in January 2024, eclipsing the previous month’s figure by $6 billion. This meteoric rise marks a phenomenal year-over-year growth of over 2500%, compared to a mere $11.56 billion in January 2023. Moreover, Solana’s market share of stablecoin on-chain transfers has skyrocketed from a modest 1.17% a year ago to a commanding 31.82%.
Binance Futures will launch a new perpetual contract for dogwifhat (WIF), a memecoin on the Solana blockchain, on its futures platform. The contract will allow traders to use up to 50x leverage and will be denominated in USDⓈ-M, a stablecoin pegged to the US dollar. WIF is a meme-inspired token that features a dog wearing a hat and claims to be the fastest and cheapest memecoin. WIF is not yet listed on Binance’s spot market or any other major exchanges. The contract will go live on 2024-01-18 at 14:15 (UTC).
OpenSea, the king of NFT marketplaces, is prepping for a 2.0 upgrade that promises to be a game-changer. Think concert tickets in your calendar, Solana and Ordinals getting VIP treatment, and a continued love affair with Ethereum and its trusty L2 sidekicks. It’s a bold move, embracing the NFT multiverse while holding true to its roots. Buckle up, NFT enthusiasts, the future of digital collectibles is looking dazzling.
A chilling shadow has lurked over the Solana network for the past month, as scammers infiltrated over 4,000 wallets, draining them of a staggering $4 million in digital assets, according to data from blockchain security firm ScamSniffer. These attacks exploit vulnerabilities in transaction simulations, highlighting the ever-present need for vigilance in the cryptosphere.
Tensions flared in the FTX bankruptcy saga as creditors vehemently challenged the exchange’s proposed method for valuing customers’ digital assets. A December 27 court filing revealed FTX seeking approval to base claims on frozen prices from November 11, 2022, the day of its collapse. This translates to estimates of $16,871 for Bitcoin, just half its current value, and similarly underwhelming figures for Ethereum, Solana, and Avalanche.