Solana


Markets

Bitcoin Slips to $29K, but Fundstrat's Tom Lee Sees $150K on ETF Approval

Altcoins are leading declines, with majors like DOGE, SOL and MATIC shedding 6-7% in the past 24 hours.

Bitcoin falls back to $29K (CoinDesk)

Web3

Y00ts NFT Collection is Migrating to Ethereum After Accepting $3M Grant From Polygon

The popular project, which started out on Solana and migrated to Polygon earlier this year, said it would return 100% of the grant money it received.

Y00ts NFT collection (Magic Eden)

Finance

Solana-Based Cypher Protocol Experiences Exploit, Freezes Smart Contract

The protocol’s contracts are now frozen as contributors attempt to make contact with hackers to negotiate a return of funds.

Cypher Protocol suffers exploit (Clint Patterson/Unsplash)

Finance

Solana Tokens or: How I Learned to Stop Worrying and Love the Points

Could loyalty programs and token airdrops embiggen Solana DeFi? Danny Nelson heads to Utah to find out.

Cypher founder and mtnDAO emcee Barrett (Danny Nelson)

Markets

MakerDAO’s MKR, Ripple’s XRP and Stellar’s XLM Led Crypto Gainers in July

Cryptocurrency giants bitcoin and ether, meanwhile, lost ground during the month.

Crypto leaders in July (CoinDesk Indices)

Markets

Bitcoin Teeters Around $29.2K as Crypto Markets Slide Amid Curve Exploit, SEC Clampdown on Hex

BTC hovered comfortably over $29,300 for much of the weekend but dropped in the hours after Curve Finance tweeted that it had suffered a breach.

Bitcoin daily chart. (CoinDesk Indices)

Videos

Parrot Finance Starting PRT Token Buyback Next Week

DeFi protocol Parrot Finance is moving forward with an activist investor-led plan to phase out its governance token (PRT) and will begin redemptions on Monday. Parrot’s redemption program comes two years into the project’s unremarkable run on the Solana blockchain, where it has failed to catch fire despite raising over $90 million from investors. "The Hash" panel discusses what this suggests about the fate of the Parrot protocol and the state of DeFi at large.

CoinDesk placeholder image

Markets

Parrot Finance to Begin PRT Token Buyback on Monday, Capping Fiery Vote

Activist investors applied heavy pressure to Parrot’s developer team.

Parrot Finance failed to catch fire despite raising over $90 million. (Parrot Finance)

Markets

KIN Token Surges Over 20% After Vote to Burn 70% of Supply Passes

The token climbed on news that about 7 trillion KIN tokens worth $156 million will be burned.

Ted Livingston speaks at Kin Ambassadors event in NYC April 2018. Photo by Brady Dale for CoinDesk.

Markets

Stellar, Ripple and Solana-Based Investment Funds See AUM Spike in July

The large gains began following Ripple’s partial court victory over the SEC in the middle of the month.

CCData

Solana | CoinDesk