South Korea Files First Criminal Case Over DEX Rug Pull, Indicts Five in Solana Meme Coin Scheme

Solana failed to settle above $85 and trimmed most gains. SOL price is now consolidating losses above $80 and might continue to move down. SOL price started a fresh decline below $84 and $82 against the US Dollar. The price is now trading below $82 and the 100-hourly simple moving average. There was a break below a declining channel with support at $82 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could start a recovery wave if the bulls defend $80 or $78.50. Solana Price Dips From $85 Solana price failed to remain stable above $84 and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $82 and $81.50 levels. Besides, there was a break below a declining channel with support at $82 on the hourly chart of the SOL/USD pair. The bears even pushed the price toward $80. A low was formed at $79.92, and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $84.65 swing high to the $79.92 l

The introduction of leveraged ETFs in South Korea could heighten market volatility and systemic risk, impacting investor sentiment and stability. The post Goldman Sachs warns South Korea’s leveraged ETFs may boost volatility appeared first on Crypto Briefing.

Forward Industries, the largest treasury holder of Solana (SOL), has announced that it’s set to join the Russell 2000 and 3000 indexes. Forward Industries To Be Included In Russell 2000 From June 29th According to a press release, Forward Industries is joining the Russell 2000 and 3000 indexes. The publicly traded company has historically focused […]

SoFi launched SoFiUSD, a bank issued dollar stablecoin available inside its app with Ethereum and Solana support. The post SoFi brings SoFiUSD to nearly 15 million users with Ethereum and Solana support appeared first on Crypto Briefing.

Cash App’s USDC rollout puts Solana’s payment rails under the spotlight as users test cheaper transfers and simpler crypto settlement.

Cash App has begun supporting stablecoin transactions on networks including Ethereum and Solana, pushing past its Bitcoin-based roots.

The regulatory costs could centralize Solana's network, impacting its decentralization and increasing vulnerability to policy shifts. The post UK Solana validators face up to $200K in regulatory costs by 2026 appeared first on Crypto Briefing.

Offerbook's launch could democratize DeFi lending on Solana, enabling access to capital for illiquid assets and fostering broader financial inclusion. The post Jupiter Exchange launches Offerbook in public beta for Solana lending appeared first on Crypto Briefing.