SG Forge, the crypto unit of Societe Generale bank, will launch a Euro-pegged stablecoin, EUR CoinVertible (EURCV), on the Solana blockchain. In a press release, the French firm disclosed that the EURCV would be a regulatory-compliant stablecoin, giving users more efficient and faster access to the network's decentralized finance ecosystem.
Tensor, a Solana-based NFT marketplace, announced at the Solana Breakpoint conference that its codebase is now fully open source.
Bitcoin has surged past the $62,000 mark, reaching $62,326.36—its highest price since late August. This increase, representing a 4.07% rise in just 24 hours, follows the Federal Reserve's recent decision to lower interest rates by 50 basis points, a move that caught many analysts by surprise as they had anticipated a smaller reduction of 25 basis points.
In the ever-evolving world of gaming, Play Solana recently made an exciting announcement: the launch of a Web3 portable gaming device powered by the Solana blockchain.
TL;DR Franklin Templeton to launch native mutual fund on Solana blockchain The firm built its own infrastructure for asset management on blockchain. Solana experiences a significant increase in price following the announcement, reaching $150.64. In a move that merges traditional finance with innovative blockchain technology, Franklin Templeton, an asset manager with $1.
The Solana blockchain has reached a new milestone in its development with the imminent arrival of a regulated euro stablecoin. Société Générale-FORGE, the crypto subsidiary of the French bank, is set to deploy CoinVertible (EURCV) on the network, thus opening new opportunities for decentralized finance in Europe.
Solana (SOL) nears a pivotal technical resistance level, market participants are keenly observing its price movements. Currently trading around $139, Solana is approaching the critical 200-day Exponential Moving Average (EMA), a key indicator that has historically influenced its price trajectory.
Sky, formerly known as MakerDAO, plans to launch its decentralized stablecoin, USDS, on Solana using the Wormhole interoperability protocol. Rune Christensen, Sky's founder, announced the move during the ongoing Solana Breakpoint conference on Sept.
Amid ongoing bullish recovery, the Bitcoin price had reclaimed the $64,000 mark during the early Asian trading hours. Following this, the Solana price regained momentum and reclaimed the $150 mark today. Furthermore, Solana-based memecoins have recorded the highest gains with some witnessing a double-digit surge.
Veteran crypto analyst, Peter Brandt has unveiled a new bearish forecast for Solana (SOL), predicting a massive price crash to new lows around $80. Despite this grim outlook, there remains a potential for a price recovery as other analysts foresee Solana jumping as high as $208.
Seasoned trader Peter Brandt is warning that Ethereum's (ETH) biggest competitor is at risk of a significant correction.
This move could make things a lot more interesting for users and developers alike, as it brings Bitcoin's power to Solana's speedy blockchain. sBTC is a type of Bitcoin that's been adapted to work on other blockchains.
Over the past 24 hours, the SOL price has seen a substantial 8.99% uptick bolstered by the announcement of their upcoming Seeker smartphone, cited to be “the definitive web3 mobile device.”
Meanwhile, the Firedancer validator client has now moved to Solana testnet.
Sky Ecosystem aimed for expanding to Solana through the Wormhole protocol, using its newly active USDS token. SkyLink will be the final version of the lending protocol, possibly running as a L2 on Solana.
After printing huge bullish candles for the second consecutive day, the Solana price has managed to breach above $150. With this move, the token has entered a crucial resistance zone, which is required to be held tight for a continued upswing towards higher targets.
PayPal deployed PYUSD on Solana earlier in the year, and the executive just revealed why.
Solana Mobile has announced the launch of its Seeker web3 smartphone, slated for release in 2025, along with the Play Solana Gen1 gaming console, advancing its efforts to integrate blockchain technology into mobile and gaming platforms.
Solana has unveiled its latest smartphone, the "Seeker," which comes at half the price of its predecessor and aims to offer more than just memecoin rewards.
With the crypto market surpassing the $2.20 Trillion market cap, the Solana token has experienced a bullish reversal. Further, with its latest announcement of launching the second crypto phone the “Seeker” in 2025, its native token “SOL” has picked up momentum.
A bullish price prediction for Solana was recently shared by renowned trader Peter Brandt, who is well known for his accurate technical forecasts. Brandt stated that SOL was in close proximity to a crucial support area, and a breach of that support could result in a decline toward the $80 mark, but thanks to the strong support level, SOL bounced off.
As the cryptocurrency landscape continues to evolve with numerous layer-1 and layer-2 blockchains, the decentralized finance (DeFi) platform Drift is making significant advancements on the Solana (SOL) blockchain. Recently, Drift announced a successful $25 million Series B funding round led by crypto venture firm, Multicoin Capital.
Apart from SolanaFm and Coinhall acquisitions, Jupiter is launching new products, including Jupiter Mobile, created with MoonPay, allowing fee-free crypto trading via Apple or Google Pay.
Discover the Solana Play Gen1: the first Web3 gaming console on the Solana blockchain
SG Forge, a subsidiary of Societe Generale, is launching its euro-backed stablecoin, EURCV, on Solana, following its initial release on Ethereum last year.
With Solana Breakpoint Day 1 about to open in Singapore on Friday, the $SOL price has been on a surge over the last four days. Up 16.4% over this period, will $SOL now go from strength to strength and recommence its bull run in earnest?
Societe Generale is expanding its EUR CoinVertible (EURCV) MiCA-compliant stablecoin to the Solana blockchain, according to a Sept. 20 statement.
In a move that blends the world of traditional finance with cutting-edge blockchain technology, Franklin Templeton, a global asset manager with a cool $1.5 trillion in assets under management, has just revealed its plans to launch a mutual fund natively on the Solana (SOL) blockchain during the Solana Breakpoint 2024 event in Singapore on September 20.
The global crypto market registered another increase of 3.06%, pushing it to $2.21 trillion. Bitcoin (BTC) is up over 3%, while Ethereum (ETH) continues its stellar recovery, and is up almost 6% over the past 24 hours, having surged past $2,500.
Firedancer, a blockchain validator client for Solana, is expected to enhance the network's efficiency and scalability.
Solana price has soared following major announcements at Token2049, but can SOL hit $200 by October?
This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Solana. Ethereum (ETH) The market has had a great week so far, and Ethereum closed with a 9% price increase.
Solana Mobile unveiled its next Web3 Phone, the successor to the Solana Saga, its first product. The phone, referred to previously as “Chapter 2,” is now called the Seeker, and has been confirmed to feature a 6.36” display, with 128GB of storage and 8GB of RAM, “a longer battery” and two cameras.
At Solana Breakpoint 2024 in Singapore, the atmosphere was electric with excitement as the Solana community gathered to witness groundbreaking updates. SolanaFloor recently shared some exciting news on X: Franklin Templeton, a global asset manager overseeing $1.3 trillion in assets, plans to launch a mutual fund on the Solana blockchain.
A widely followed cryptocurrency analyst and trader is leaning bullish on a Solana (SOL) competitor while offering his forecast on Bitcoin and the layer-1 blockchain Saga (SAGA).
Xandeum, a blockchain storage layer, is set to reveal its cutting-edge solution for scaling Solana's storage capacity at Breakpoint 2024 in Singapore. The highly anticipated announcement, scheduled for September 20, 2024, will also include details of Xandeum's new liquid staking platform and the official launch of the XAND token.
AVAX is the other massive gainer from the larger-cap alts.
PayPal's adoption of Solana for its stablecoin highlights the growing importance of blockchain efficiency and advanced token features in digital payments. The post Token extensions are “a big good” reason why PayPal taps Solana for stablecoin, says PayPal crypto chief appeared first on Crypto Briefing.
Solana's Frankendancer upgrade, which incorporates elements of the Firedancer validator client, has gone live on the network's mainnet. Network validator Jump Crypto gave a live demo of this upgrade at the ongoing 2024 Solana Breakpoint conference.
SOL's bearish price action in August coincides with declining Solana network usage. But will things get better now?
Solana based decentralized exchange aggregator, Jupiter, seems to be gone on a buying spree as the crypto bull run took a halt before entering into the next phase.
With Bitcoin touching the $64K today, the altcoins are witnessing a massive demand boost. Amid the bull market, Solana releases major development announcements at Token2049, fueling the SOL price rally.
The ramshackle validator client is a prelude to Jump's highly anticipated Firedancer software.
This new gadget is powered by the Solana blockchain, which means it's more than just another gaming console. Unlike regular gaming consoles, which are powered by companies that control everything, Web3 games give players more power.
Growth of activity on the Solana network and other details.
As of now, Solana is trading around $138, having faced challenges in breaking through the critical resistance level of $139. After a series of ups and downs, this price stagnation has raised concerns among investors about the asset's potential for further decline.
Jupiter also announced other updates, including an upgrade to its memecoin trading platform and a new mobile app.