The approval of an ETF could help Solana overcome its “meme chain” label.
When Solana launched in 2020, co-founder Anatoly Yakovenko envisioned it as a blockchain equivalent to Nasdaq— a hub for onchain financial markets. Fast forward five years, and the activity surrounding Solana has skewed more towards memecoin trading, which resembles the volatility of penny stocks rather than the stability of tech giants like Apple or Nvidia […]
Ethereum at a critical point: Can it skyrocket above $3,000?
Ethereum must break through the critical $3,000 psychological level to reverse its two-month downtrend, a move that now depends largely on investor sentiment in the wake of the biggest financial hack in crypto history. The second-largest cryptocurrency has been in a downward trajectory since reaching a high of over $4,100 on Dec. 16, 2024—its highest […]
Bybit Hackers Potentially Tied to Solana Memecoin Scams
The infamous Lazarus Group, suspected of orchestrating the massive $1.4 billion Bybit hack, may also be linked to fraudulent Solana memecoin projects, including rug pulls on Pump.fun, according to blockchain investigator ZachXBT. On February 21, Bybit suffered the largest crypto heist in history, losing over $1.4 billion in liquid-staked Ether (stETH), Mantle Staked ETH (mETH), […]