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Solana

ETHEREUM IS SENDING! IS SOLANA NEXT?

by admin August 28, 2025

ETHEREUM IS SENDING! IS SOLANA NEXT?

SOL leads bounce back in crypto majors. HYPE hits $50, trading volume flips Robinhood. KindlyMD to raise $5bn equity to buy BTC. Sharplink bought $252m ETH. US economic data to be published onchain. 82% of US investors don’t yet own crypto. Trump Media, Cryptocom launches $1b CRO DAT. MetaMask introduces social login feature. BTC 2-week bollinger bands at tightest ever. Google Cloud launches L-1 blockchain. Pham to leader of CFTC, Johnson leaves. LBank, WLFI collab to launch USD1 points program. Trump Jr. invests in Polymarket. Mastercard expands Circle collab to EEMEA. Thailand taps KuCoin for tokenised bond program. Crypto going mainstream in Venezuela.

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August 28, 2025 0 comments

NFT Gaming

Tornado Cash Devs Get $500K From Solana Policy Institute to Appeal Convictions

by admin August 28, 2025

In brief

The Solana Policy Institute pledged $500,000 to fund legal defenses of Tornado Cash developers Roman Storm and Alexey Pertsev, who were convicted of money laundering-related crimes.
The group argued that prosecuting developers for building neutral software tools creates a chilling precedent and threatens innovation, even as the Trump DOJ signaled it may stop pursuing such charges for decentralized projects.
The donation also shows Solana’s willingness to support Ethereum-based initiatives, countering critics who questioned whether the rival blockchain communities would unite around defending developers.

The Solana Policy Institute, a leading crypto lobbying group, announced Thursday it will donate $500,000 to aid the legal defenses of Roman Storm and Alexey Pertsev—developers of Ethereum coin mixing service Tornado Cash that were convicted of crimes in the United States and the Netherlands, respectively.

Storm was convicted earlier this month in Manhattan for the crime of operating an illegal money transmitting business, and now faces up to five years in federal prison. Pertsev was sentenced to over five years in prison last year, after a Dutch court found him guilty of money laundering.

The legal woes of both Tornado Cash developers have, for years, triggered concern within the crypto industry and broader tech circles. Advocates have long warned that successful convictions of either man for their work on developing and maintaining the Tornado Cash platform could have major ramifications for software developers in all contexts.

“These prosecutions continue to set a chilling precedent that threatens the software development industry,” Miller Whitehouse-Levine, CEO of the Solana Policy Institute, said in a Thursday blog post announcing the donation. “If the government can prosecute developers for creating neutral tools that others misuse, it fundamentally changes developers’ risk calculus.”

Though the Trump administration has in many respects taken an aggressively pro-crypto approach since January, the president’s Department of Justice opted to press forward with criminal charges against Storm initially filed in 2023 by the Biden administration.

In an apparent shift in policy, however, a top DOJ official told an audience of crypto industry leaders last week that federal prosecutors will no longer pursue the charge they successfully convicted Storm of, against developers of “truly decentralized” software that does not take custody of user funds but is used by criminal entities to launder digital assets.

Crypto policy leaders have had to walk a tightrope as of late between applauding the Trump administration’s pro-crypto moves, and warning about the risks posed if Storm’s conviction is upheld. The true test will come during Storm’s appeal—which will clarify if the Trump DOJ has undergone any true change of heart on the subject of decentralized software developers and criminal liability.

The issue has become increasingly existential to the crypto industry as a whole. On Wednesday, 114 crypto companies and tech lobbying groups—including the Solana Policy Institute—sent a letter to the Senate Banking Committee warning they would collectively protest an upcoming crypto market structure bill if it did not explicitly exempt decentralized software developers from criminal liability on the charge the DOJ used to convict Storm.

Today’s donation also hits on an intra-industry tension that has been brewing for some weeks.

Tornado Cash operates on the Ethereum network, and members of the Ethereum community have long been vocal in their support of the legal defenses of Storm and Pertsev.

In recent weeks, however, some industry players—most notably, Bitcoin pioneer Erik Voorhees, the founder of crypto exchange ShapeShift and Venice AI—have questioned whether prominent boosters of Solana, long a rival network to Ethereum, would step up to support the Tornado Cash developers in the name of defending broader crypto principles.

Today’s donation by the Solana Policy Institute would appear to counter that criticism. But leadership of the organization, founded earlier this year, also has particularly deep roots in advocacy for software developers generally, and for Tornado Cash’s developers specifically.

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August 28, 2025 0 comments

Crypto Trends

Solana Targets Near-Instant Finality as Alpenglow Upgrade Heads to Vote

by admin August 28, 2025

Solana developers are pushing a major consensus overhaul with the Alpenglow proposal, now in the validator voting stage.

Just over 10% of validators have backed the upgrade as of European morning hours on Thursday, a tracker shows, with over 88% of eligible participants yet to cast their choice.

If passed, it would replace Proof-of-History and TowerBFT with a faster, more resilient design centered on two new components: Votor and Rotor.

Proof of history is Solana’s existing consensus mechanism. It timestamps transactions, allowing validators to determine the correct order without wasting time on syncing (which creates a slower network). TowerBFT is the network’s voting system. Validators use previous votes as a guide, helping them quickly agree on the next block while resisting attacks.

The big draw in the new consensus proposal Votor, which would cut the time it takes for a transaction to be finalized from more than 12 seconds to around 150 milliseconds, making network confirmations feel effectively instant for users.

Rotor, planned for a later stage, aims to make the network more efficient by reducing the number of times data needs to be transferred between validators — an upgrade designed to support high-activity applications, such as DeFi and gaming.

Alpenglow also introduces a “20+20” resilience model, which promises to keep the chain running even if 20% of validators are adversarial and another 20% are offline.

The proposal frames this as a step toward achieving faster speeds while enhancing security and fairness for validators.

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August 28, 2025 0 comments

NFT Gaming

Play Solana To Launch First Handheld Gaming Console In October

by admin August 27, 2025

The Solana ecosystem is taking a leap into hardware with the forthcoming launch of its first handheld gaming console.

Play Solana, a project dedicated to building a Web3 gaming device on the Solana blockchain, announced that it will start shipping its Play Solana Gen 1 (PSG1) device on Oct. 6.

The device comes with gaming-ready specs, including an octa-core ARM processor, 8 gigabytes of RAM, WiFi and Bluetooth connectivity and a touch LCD display. It also includes a built-in hardware wallet and fingerprint authentication, allowing users to store crypto assets while playing games.

It also launched a limited non-fungible token (NFT) collection that allows a group of 2,000 holders to have early access and other ecosystem perks.

Source: Play Solana

Solana dives deeper into physical products

The launch comes as the Solana ecosystem continues to push deeper into consumer-facing products, following earlier experiments such as the Saga smartphone.

In 2022, Solana Mobile, a subsidiary of Solana Labs, introduced Saga, an Android-based, blockchain-focused smartphone.

It gave users access to native Web3 tools like a Seed Vault, the Solana Mobile Stack and a decentralized applications (DApp) store tailored for Solana ecosystem participants.

The Saga introduction triggered mixed reactions from community members, but ultimately saw a successful launch in 2023, causing a frenzy among users.

In 2023, the product fetched up to $5,000 on eBay as the phone came with a free airdrop of the BONK memecoin. The phone had an original $599 price tag on the Solana Mobile website.

In 2024, Solana Mobile unveiled a second-generation mobile phone, saying it would not just be a “memecoin phone.”

In 2025, the phone had 150,000 pre-orders, with revenue estimated to be at $67.5 million. On Aug. 5, Solana Mobile said it started shipping the Seeker phone in over 50 countries.

Related: Solana gaming studio Mirror World raises $12M in funding

Web3 gets handheld gaming devices

Apart from Play Solana’s PSG1, blockchain network Sui also dived into physical Web3 gaming devices.

In 2024, Sui blockchain creator Mysten Labs said it would deliver SuiPlay0X1, a handheld gaming device integrated to the Sui network in the first half of 2025.

Magazine: Solana Seeker review: Is the $500 crypto phone worth it?

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August 27, 2025 0 comments

NFT Gaming

Solana Treasury To See Major Boost With DeFi Dev Corp’s $125 Million Raise Plan

by admin August 27, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Cryptocurrency treasury has grown to be a notable development in this bull market cycle, and Solana is gaining significant interest and attention in this new area of investment. Several companies, both big and small, are consistently making efforts to adopt a SOL treasury due to the altcoin’s robust potential and position in the broader cryptocurrency sector.

A Move Towards Strengthening Solana Treasury

The idea of a Solana treasury is picking up pace at a substantial rate among popular treasury companies in the financial sector. As the move gains traction, DeFi Development Corp has set its sights on strengthening Solana’s financial foundation, unveiling plans to accelerate the growth of its SOL treasury.

In a strategic move, DeFi Dev Corp aims to raise about $125 million in equity to increase and bolster its SOL treasury. “Our goal is straightforward: acquire as much SOL as possible, as quickly as possible, and do it in a way that compounds value per share for our investors,” Joseph Onorati, Chief Executive Officer of DeFi Development Corp, stated.

This initiative is a key attempt to strengthen liquidity, increase network sustainability, and establish Solana as a more robust participant in the developing blockchain market. The move has been filed with the US Securities and Exchange Commission (SEC) via the EX-99.1.

According to the filing, the company is offering to sell 4.2 million shares of its common stock in total at a purchase price of $12.50 per share. Furthermore, 5.7 million shares of its common stock could be acquired through pre-funded warrants at a purchase price of $12.4999 each, with an exercise price of $0.0001 per share.

Afterwards, DeFi Dev Corp will receive a combination of cash and locked SOL as part of the offering, which will support DFDV’s goal of optimizing the growth of Solana per Share (SPS). With this move, DFDV is emerging as a prominent Solana treasury vehicle in public markets due to its on-chain connections throughout the Solana ecosystem and access to institutional capital.

In order to increase the size of its treasury holdings, the net proceeds will be invested in both spot SOL and discounted locked SOL. Considering the discount capture on SOL, the transaction is anticipated to be both NAV/share accretive and SPS accretive, which will accelerate the absolute size of the company’s treasury and the effectiveness of our SPS growth strategy. The filing stated that the transaction is scheduled to end on Thursday, August 28, 2025, subject to customary closing conditions.

Sharps Technology Joining The Play

Sharps Technology Inc. has also announced a similar strategic move. On Monday, the company disclosed its intention to raise over $400 million in a private placement to adopt an SOL treasury. With this initiative, the firm is set to establish the largest Solana digital asset treasury strategy.

The company’s move to adopt a SOL treasury is driven by the Solana ecosystem’s notable growth on a global scale. As SOL continues to receive institutional support for its vision of a single global market for every tradeable asset, Alice Zhang, the Company’s CIO, claims that now is the ideal moment to form a digital asset treasury with SOL.

SOL trading at $202 on the 1D chart | Source: SOLUSDT on Tradingview.com

Featured image from iStock, chart from Tradingview.com

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August 27, 2025 0 comments

Crypto Trends

Solana (SOL) Price Prediction for August 26

by admin August 27, 2025

Most of the top 10 coins are under sellers’ pressure today, according to CoinStats.

Top coins by CoinStats

SOL/USD

The price of Solana (SOL) has declined by 3.55% since yesterday.

Image by TradingView

On the hourly chart, the rate of SOL has made a false breakout of the local resistance of $192.32. If the daily bar closes far from that mark, sellers may come back to the game, which may lead to a test of the $185 zone.

Image by TradingView

On the longer time frame, neither bulls nor bears are controlling the situation on the market. In this case, there are low chances of seeing increased volatility soon.

What a Digital Euro on Ethereum or Solana Means for Europe’s Monetary Sovereignty

by admin August 27, 2025

In brief

The U.S.’s recently passed stablecoin law has heightened pressure on Europe to accelerate digital euro plans.
Deploying on Ethereum or Solana could expand global use of the currency, Decrypt was told.
Yet privacy, governance and banking stability remain key concerns for officials.

European officials are considering whether to issue the digital euro on public blockchains like Ethereum or Solana, in a departure from earlier plans for a closed, centrally run system.

The debate has intensified in recent weeks ever since the U.S. passed its first stablecoin law in July, giving regulated dollar-backed tokens a head start in global finance.

Ram Kumar, a core contributor at blockchain infrastructure firm OpenLedger, told Decrypt that deploying the euro on a public chain would dramatically expand its reach.

“It would open the euro to the wider crypto economy instantly,” Kumar said. “It could plug into DeFi, global wallets, and cross-border payments without needing to build that infrastructure from scratch.”

Ethereum could offer “programmability and access to a rich developer ecosystem,” Kumar said, while Solana provides “low fees and high throughput that can handle consumer-scale payments.”

Both, he said, would make the euro more visible beyond Europe in ways a private ledger cannot.

Kumar added that the U.S.’s stablecoin legislation, dubbed the GENIUS Act, is forcing Europe to move faster.

“If the dollar gets a head start in digital payments, it risks overshadowing the euro in global finance,” he said.

The Financial Times first reported that officials were considering the use of public blockchains late last week.

Mounting pressure

Still, risks over such a model remain.

Privacy is the foremost concern, with public blockchains clashing with the EU’s GDPR framework, which includes rights such as data erasure, and the European Central Bank’s stated goal of preserving cash-like anonymity in digital payments.

Technical and governance issues also persist, including Ethereum’s scalability limits, Solana’s reliability record, and the reality that upgrades and validators would remain outside direct state control.

Policymakers have warned that a widely accessible euro token could pull deposits from banks if not carefully designed.

In April, ECB executive board member Piero Cipollone warned that U.S. stablecoins could move deposits from European banks and strengthen the dollar’s global role.

Measures taken by the new U.S. administration under Trump “to promote crypto-assets and U.S. dollar-backed stablecoins” are raising concerns for “Europe’s financial stability and strategic autonomy,” Cipollone wrote at the time.

An ECB spokesperson told Decrypt its position remains unchanged, pointing to Cipollone’s confirmation in July that a digital euro could be technically ready “in the next two-and-a-half to three years after the legislation is in place.”

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August 27, 2025 0 comments

NFT Gaming

Solana Institution Wave Builds: Pantera Eyes $1.25B Treasury

by admin August 26, 2025

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Pantera Capital is seeking to raise $1.25 billion for a Solana treasury, adding to the wave of institutional momentum building behind the asset.

Pantera Plans To Convert A Nasdaq-Listed Firm Into A Solana Treasury Vehicle

As first reported by The Information, Pantera Capital is planning to raise funds to create a Solana treasury vehicle. Initially, the firm intends to raise around $500 million from investors. It will then put these funds into a Nasdaq-listed company, which will use them to buy SOL and convert into a treasury vehicle called “Solana Co.”

Pantera Capital is an American venture capital and hedge fund specializing in digital assets and blockchain technology. The firm became the first to launch a cryptocurrency fund in the US back in 2013 and today, it manages over $4.8 billion in assets.

In a letter earlier in the month, Pantera disclosed it has invested over $300 million in digital asset treasury (DAT) companies. The firm said its investment thesis was based on a simple premise: “DATs can generate yield to grow net asset value per share, resulting in more underlying token ownership over time than just holding spot.”

Pantera is also an investor in medical firm Sharps Technology’s bid to create a $400 million Solana treasury, according to a press release from Sharps on Monday. And now, it seems the company is making a more direct push in the treasury space with its latest proposal. Beyond the initial $500 million, the firm also plans to raise another $750 million through warrants. If the plan comes to fruition, Solana Co. would become the largest SOL treasury in existence.

Interestingly, the report about Pantera comes just a day after another report revealed that Galaxy Digital, Jump Crypto, and Multicoin Capital are planning a $1 billion SOL treasury.

Upexi is currently the largest Solana treasury company with around 2 million tokens (about $383 million at the latest exchange rate), so the proposal from Galaxy and others would have already more than doubled the record. Now, Pantera’s plan could surpass even that.

The digital asset treasury model was popularized by Michael Saylor’s Strategy (formerly Microstrategy). Other companies soon followed by putting Bitcoin on their balance sheets, but recently, altcoins have started to get attention as well.

With Galaxy and partners, Pantera, and Sharps all unveiling Solana treasury plans, there now seems to be a real shift in institutional momentum behind the cryptocurrency.

So far, treasury companies have added around 0.75% of the SOL circulating supply to their holdings, according to data from institutional DeFi solutions provider Sentora (previously IntoTheBlock).

The breakdown of the treasury company holdings across BTC, ETH, and SOL | Source: Sentora on X

From the chart, it’s visible that the same figure sits at more than 9% for Bitcoin and about 3.4% for Ethereum. Thus, it seems SOL is still quite early in the treasury push.

SOL Price

At the time of writing, Solana is floating around $190, down over 3% in the last 24 hours.

The price of the coin seems to have suffered a plunge during the past day | Source: SOLUSDT on TradingView

Featured image from Dall-E, Sentora.com, chart from TradingView.com

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August 26, 2025 0 comments

GameFi Guides

BTC Loses 100-Day Average as XRP, Ether and Solana Hold Ground

by admin August 26, 2025

This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole.

Bitcoin’s (BTC) technical outlook has deteriorated over the past 24 hours, with prices dropping below a key moving average for the first time since April. This breakdown has left BTC at a disadvantage compared to major tokens such as Ether (ETH), XRP, and Solana SOL$188.41.

BTC loses 100-day SMA

BTC has dropped over 1% in the past 24 hours, hitting a low of $109,172 at one point.

In the process, the cryptocurrency has convincingly dipped below the 100-day simple moving average (SMA), a widely tracked momentum indicator and support/resistance line, for the first time since April 22.

Further, prices have crossed below the Ichimoku cloud, indicating a bearish shift in momentum.

The dual breakdown has bolstered the bearish technical outlook suggested by the recent violation of the upward-sloping trendline from the April lows and the consecutive negative prints on the longer-duration MACD histogram. Taken together, the recent pattern looks similar to the February breakdown that set the stage for a deeper sell-off to $75K.

BTC’s daily chart. (TradingView/CoinDesk)

The next key level to watch out for is $105,390, which is the 38.2% Fibonacci retracement of the April-July rally, followed by the 200-day SMA at $100,928.

The bulls need to overcome the lower high of $117,416 created on Aug. 22 to negate the bearish technical setup.

Resistance: $111,592, $117,416, $120,000
Support: $105,390, $100,928, $100,000.

XRP, ETH and SOL hold ground

While bitcoin has suffered the dual breakdown, XRP continues to trade above its 100-day SMA. However, prices are “stuck in the Ichimoku cloud,” whichmeans the token is trading within a zone of uncertainty and consolidation where neither bulls nor bears are willing to lead the price action. It suggests indecision and lack of a strong trend.

Meanwhile, ether and SOL continue to trade above their respective 100-day SMAs and Ichimoku clouds. Therefore, a potential risk-on could see both ETH and SOL outperform BTC and XRP.

ETH, SOL, XRP daily charts. (TradingView/CoinDesk)

Read more: Massive $14.6B Bitcoin and Ether Options Expiry Shows Bias for Bitcoin Protection

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August 26, 2025 0 comments

GameFi Guides

Over 38,000 Solana Purchased With Stolen Crypto

by admin August 24, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

A hacker linked to the Coinbase breach has made another move, this time buying over 38,000 Solana tokens worth nearly $8 million.

Blockchain tracking firm Ember CN reported that the hacker converted 7.957 million DAI to USDC before bridging the funds to Solana and purchasing the tokens at an average price of $208.

Blueprint Of Bold Moves

This is not the first major transaction tied to the hacker. Back in May, they offloaded 26,347 Ethereum for 68 million DAI at $2,588 per token.

Two months later in July, they shifted gears and bought back 5,513 ETH for 14.865 million DAI, paying an average of $2,696 each.

These calculated trades suggest the individual or group behind the breach is taking a measured approach rather than making random decisions.

[从 Coinbase 用户处窃取资金的黑客] 在过去 1 小时里，把 795.7 万 DAI 换成 USDC 后跨链到 Solana，然后买成了 38,126 枚 SOL，购买价格 $208.7。https://t.co/TRVVPiWIGS

这个黑客：
1⃣5 月，出售 26,347 枚 ETH 换成 6818 万 DAI，出售均价 $2,588。
2⃣7 月，1486.5 万 DAI 重新购买 5,513 枚… https://t.co/4HBWNBF738 pic.twitter.com/GIPGqwUJYu

— 余烬 (@EmberCN) August 24, 2025

Market conditions may have influenced this latest decision. Solana has gained more than 17% over the past 30 days, even though it remains down about 25% from its all-time high of $295 in January. Analysts believe the token could see more upside if current momentum holds.

Technical Outlook Signals Room For Gains

Trader Ucan has identified a rising channel in Solana’s price structure following a rounded bottom formation.

Key resistance levels include $215 for the first barrier, $227 for a breakout signal, and $242 as an upper target.

The channel’s top sits near $251. Another market voice, trader Ali, suggested holding Solana until it approaches $360, a level some expect if bullish sentiment stays strong.

The hacker’s purchase price of $208 aligns with those optimistic calls. Whether the market rewards that bet remains to be seen, but the move places the hacker among investors banking on Solana’s rally continuing.

SOLUSD currently trading at $208.6. Chart: TradingView

Fallout From The Coinbase Breach

The initial breach, which took place in May, impacted about 70,000 Coinbase users. The reports indicated that the hackers paid foreign customer-support contractors a bribe to gain access to sensitive user information between December 2024 and May 2025.

Sensitive user information exposed consisted of full names, birth dates, addresses, phone numbers, masked bank account data, and scans of government identification.

Coinbase made the hack public after being presented with a $20 million ransom payment, which Coinbase declined to make.

CEO Brian Armstrong later confirmed the exchange would reimburse affected customers and announced a $20 million bounty for information leading to an arrest.

The company estimates remediation costs could reach $400 million as it works to tighten security and restore user confidence.

For now, attention remains on the hacker’s latest bet. Whether the Solana purchase proves profitable—or marks the beginning of more high-profile trades—will depend on what happens in the coming weeks as the market reacts to shifting sentiment.

Featured image from Pixabay, chart from TradingView

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August 24, 2025 0 comments