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The Lazarus group, the main suspect in the historic hacking of Bybit estimated at $1.4 billion, would also be involved in recent memecoin scams on Solana, notably via the Pump.fun platform, according to findings by blockchain investigator ZachXBT.
Circle has minted another 250 million USDC on Solana, pushing its 2025 total issuance to 8 billion USDC as demand for regulated stablecoins grows.
North Korea's Lazarus Group, the primary suspect behind the $1.4 billion Bybit hack on Feb. 21, has been linked to a series of meme coin scams on Solana's Pump.fun platform.
Solana price faces bearish pressure after dropping below $160 for the first time since November 2024. This crash has caused speculation about whether SOL could crash to $100, considering the upcoming unlock of nearly $2 billion tokens from the FTX bankruptcy auction.
In recent weeks, crypto influencers and financial funds have published their forecasts on the price of Solana (SOL) for 2025.
SOL has plummeted by more than 7% to levels below $160 as investors grow weary of the upcoming FTX 11.2 million Solana unlocking. On Feb. 24, Solana (SOL) took a nosedive, decreasing more than 7% to $158.
SOL put options accounted for most of the block trades that crossed the tape on Deribit last week.
The crypto market kicked off the week on a bearish note, with Bitcoin (BTC) slipping back to the $95K level, dragging major altcoins lower. Ethereum (ETH), Solana (SOL), and XRP fell between 1% and 5%, while meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) also posted losses.
Is Solana slowing down on its promise to be the Ethereum killer?
Solana price plunged 4% on Sunday February 22, trading as low as $167 as multiple bearish catalysts from the Bybit hack and impending SOL outflows from FTX Estate diluting supply. Solana Under Pressure as Bybit Hacker Launders Stolen Funds Through Pump.Fun Memecoins Solana (SOL) experienced another wave of steep losses on Sunday despite early recovery
As Shiba Inu successfully breaks above a significant resistance level, it is indicating that a potential reversal may be imminent. After struggling under a descending trendline, the meme coin is now making an effort to break out of its bearish trend, giving investors new hope.
Pump.fun is a playground for degens to gamble on AI projects. But experts believe the meme coin platform won't foster true AI innovation.
Story, Ondo Finance (ONDO), OFFICIAL TRUMP, Solana (SOL), and Uniswap (UNI) are five Made in USA cryptos to watch closely in the last week of February. Story has gained massive attention as a top AI crypto, despite a recent short-term correction.
Although the cryptocurrency market rally has stalled, the long-term outlook remains bullish, with analysts anticipating sustained gains for assets such as Bitcoin (BTC).
The North Korean cybercrime unit may be behind some of the recent memecoin rug pulls on Solana.
The Solana ecosystem is currently going through a period of turbulence due to the increase in scams related to memecoins. The drop in capital flows and the 40% decrease in active users reflect a loss of confidence among investors.
Franklin Templeton is taking a bold step in the crypto investment space by seeking SEC approval for a Solana ETF that includes staking.
The altcoin market took a severe hit last weekend with a $1.5 billion hack on the Bybit exchange, causing a sharp decline in several altcoins. However, traders are now bullish about a strong recovery in altcoin prices, following Bitcoin's surge toward the $100K mark.
Solana's journey from a memecoin hub to a serious blockchain contender hinges on the approval of a Solana ETF, which would bring institutional trust and unlock its potential for large-scale financial applications like payments and trading.
Solana's (SOL) price has faced significant challenges after breaking a new all-time high (ATH) of $295, but recent developments suggest potential for a recovery despite bearish pressures. Following its ATH, SOL seemed poised for a rapid climb toward $500 by the end of 2025.
Amid memecoin scandals and a generally lukewarm performance since the new year, Solana has hit a rough patch.
Franklin Templeton, one of the world's largest asset management firms, has submitted a proposal to the United States Securities and Exchange Commission (SEC) to issue a spot Solana ETF (exchange-traded fund). The asset manager joins several other applicants in the race to offer a SOL-based investment product to US investors.
Solana (SOL) has been grappling with significant challenges in recent weeks, from a steep drop in its token price to falling network activity. As the ecosystem braces for upcoming token unlocks, many are left wondering if further declines are on the horizon for one of the most talked-about cryptocurrencies.
Franklin Templeton has filed for a Solana ETF, aiming to track SOL's market performance while allowing share purchases with cash or crypto and staking holdings for rewards. Franklin Templeton Files for Solana ETF With SEC Franklin Templeton, through its affiliate Franklin Holdings LLC, filed a registration statement with the U.S.
