Bitcoinist·
Solana’s price action and its network performance are exhibiting separate characteristics and moving in different trajectories. Within the past week, SOL has been on a downward trend, breaking below key support levels. Meanwhile, the leading network has continued to see a persistent uptick in momentum and activity. Transfer Activity For Solana-Based RWAs Jumps Sharply While […]
Read full articleCME Group has launched Nasdaq CME Crypto Index futures, giving investors a regulated way to trade and hedge broad exposure to major digital assets. The contracts settle against a Nasdaq-CME benchmark covering some of the largest and most actively traded cryptocurrencies. Nasdaq and CME Launch Crypto Index Futures Tied to 8 Leading Tokens CME Group […]
Solana-based decentralized exchange Raydium will repay the funds swiped in the $1.34 million exploit using its treasury.
Raydium (RAY), a decentralized exchange on the Solana (SOL) blockchain, said Wednesday that it had suffered a $1.34 million exploit tied to its retired automated market maker, or AMM, V3 program. Raydium Pools Drained The protocol said the attacker removed about 150,000 RAY, 5,600 SOL, and nearly 900,000 of Circle’s USDC stablecoin from Raydium pools involving RAY-SOL, USDC-RAY, and SRM-RAY. Raydium attributed the compromise to a weakness in how the older AMM V3 handled liquidity provider (LP) mints. The platform said the vulnerability “stemmed from insufficient validation of the LP mints, which in practice allowed the attacker to bypass intended proportion checks. Related Reading: Prediction Markets’ Wild West Days May Be Over: CFTC Drafts Its First Major Framework According to the description of the mechanism, because the legacy AMM V3 program did not properly verify the LP mint address, an attacker was able to create a new mint and use it as the LP token, letting it evade the chec
The integration of leveraged tokenized equities on Solana could democratize access to complex financial instruments, enhancing DeFi's appeal. The post Jupiter Exchange adds leveraged tokenized equities from Shift RWA on Solana appeared first on Crypto Briefing.
Solflare Packs could boost USDC transactions on Solana but may face regulatory scrutiny and trust issues due to its gacha model and centralized elements. The post Solflare launches Solflare Packs, bringing graded card trading directly into your crypto wallet appeared first on Crypto Briefing.
Helius' acquisition of Light Protocol could enhance Solana's appeal to traditional finance by integrating privacy, but regulatory risks loom. The post Helius acquires Light Protocol to build Solana’s onchain privacy layer appeared first on Crypto Briefing.
Kalshi has added Solana perpetual futures to its regulated crypto derivatives lineup, while several other altcoin contracts, including Dogecoin and Shiba Inu, remain under regulatory review. According to a June 10 post by Kalshi on X, SOL perpetual futures are…
SOL looks "absolutely bullish" at the moment, one analyst claimed.
