Solana continued its downward trend, falling for four consecutive days as a sea of red engulfed the crypto industry. Solana (SOL), the fifth-biggest cryptocurrency, retreated to $135 on Thursday, Oct. 3, its lowest point in over three weeks.

The 2024 U.S. presidential election looms, discussions about its impact on the cryptocurrency market have taken center stage. Among the voices weighing in is Eric Balchunas, a notable analyst at Bloomberg.

Edward Snowden, whistleblower and privacy advocate, sharply criticized Solana's approach to blockchain at the Token2049 conference in Singapore. His remarks reignite the debate over the delicate balance between performance and decentralization in the crypto ecosystem.

Solana (SOL) declines over 14% in early October amid geopolitical tensions, centralization concerns, and weakening market sentiment, with futures data pointing to further downside risk.

Cardano price breakout was cut short after the general market took a nosedive due to the Iran-Israel war escalation. In the meantime, Cardano has surpassed Solana (SOL) in terms of keyword search volume on YouTube, despite the latter seemingly being the most popular of the two.

Discover insights on restaking in Solana, BNB, and Ethereum, blockchain networks: yields, risks, and staking strategies for crypto investors.

Edward Snowden's criticism of Solana's centralization at a crypto conference reignited a debate within the blockchain community, prompting defenses from Solana supporters and highlighting ongoing competition between different blockchain ecosystems.

Is Solana (SOL) poised to reach the $300 mark? If you've observed this famous blockchain, you may have already experienced the hype that surrounds it. But is it a crypto with promising ROIs?

SOL price has been affected by the ongoing market decline and has potentially abandoned the anticipated bull pennant breakout. However, the pattern is still valid, and a little more consolidation between $130 and $161 should allow it to remain viable for a breakout.

The crypto prices today have shown a set of mixed price actions, sparking investor speculations globally. Bitcoin (BTC) price rested at the $60K level today, whereas Ethereum (ETH), Solana (SOL), and XRP prices followed with a waning trajectory.

An influential member of the Solana (CRYPTO: SOL) developer ecosystem has openly challenged renowned whistleblower Edward Snowden to prove his claims about the blockchain's centralization, sparking a heated debate in cryptocurrency circles. What Happened: Mert Mumtaz, CEO of Solana-based developer platform Helius, took to X to challenge Snowden's assertion that Solana is a centralized network and asked him to provide concrete data to back the claim.

Edward Snowden, the renowned whistleblower and privacy advocate, made sharp comments about Solana during the TOKEN2049 conference in Singapore. After delivering his speech, titled “The Next Threat to Speech,” Snowden engaged in a Q&A session where he criticized Solana's architecture, expressing concerns about its centralized nature and the types of projects it facilitates.

Like Bitcoin, Ethereum, and other top altcoins, Solana remains under immense selling pressure. While bulls struggle for momentum, $160 is emerging as a local resistance level for traders to watch out for.

Whistleblower Edward Snowden took aim at Solana, renewing an old debate—and prompting SOL believers to defend the network.

Dogecoin's price has taken a big step, back falling by 18% from its peak on Saturday. Dogecoin's brief surge has come to an end with this pullback, and the most recent chart data shows that it is currently trading at $109.09, approximately.

BNB Chain has positioned itself to rival Solana and Tron with a new memecoin launch platform.

It's been a rough start to October for SOL, with the Solana price down roughly 8% already as Middle Eastern tensions ramp up.

Edward Snowden warns Solana's 'faster, cheaper' approach creates dangerous centralization risks for users.

Solana (SOL) price is down 6% in the last 24 hours, catching the attention of investors. Technical indicators like the Relative Strength Index (RSI) suggest the cryptocurrency may be approaching oversold territory, indicating a possible reversal.

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Edward Snowden criticizes Solana for centralization, sparking debate over its blockchain model and governance. The post Snowden calls Solana a centralized chain used for ‘meme coins and scams' appeared first on Crypto Briefing.

Altcoin prices crumbled as Bitcoin fell to $60,000, but charts suggest buyers could step in soon.

Solana (SOL) is currently trading near a critical support zone at $145, following a 26% surge since the Federal Reserve announced interest rate cuts on September 18. After this sharp rise, SOL experienced a slight 10% dip, but the overall market sentiment remains optimistic.

As more people embrace cryptocurrencies, blockchain platforms are enhancing their features to accommodate growing user needs. BNB Chain is working to make stablecoin transactions quicker, less expensive, and simpler. Simultaneously, Solana is advancing towards potentially equaling Ethereum's market share, bolstered by its efficient processing power and expanding ecosystem.

The potential return of Donald Trump to the presidency could substantially impact the approval of cryptocurrency exchange-traded funds (ETFs), particularly for XRP and Solana. The regulatory environment for these digital assets, which have been criticized for quite some time now, may be more favorable as a result of the Trump administration, according to Bloomberg analyst Eric Balchunas.

Router Protocol, a Coinbase Ventures-backed decentralized blockchain network, is improving cross-chain functionality through a new integration with Solana.

With crypto adoption and NFT sales gaining momentum, the need for reliable wallets to manage these assets is becoming increasingly crucial. Platforms like OKX Wallet and Plus Wallet are stepping up to meet this demand. OKX Wallet's latest update enhances Solana wallet management, offering users the ability to reclaim unused funds.

Solana's total value locked has reached approximately $5.5 billion, a multi-month high, according to DefiLlama.

Cryptocurrency Market Today: The cryptocurrency industry has experienced a sharp decline following the Israel-Iran war and the U.S. stock market taking a hit. As a result, the total market cap dropped by 4.8% to $2.15 Trillion.

TL;DR User-Friendly API: Coinbase's new SOL staking API simplifies the staking process, allowing users to easily connect their wallet and stake SOL without technical hassles. Attractive Rewards: Staking SOL through this API offers a reward rate of approximately 4.83%, making it an appealing option for earning passive income.

Solana, the fifth-largest cryptocurrency by market cap has shown its resistance amidst the rising geopolitical tension. While other cryptos are struggling, analyst Crypto Jelle believes Solana's steady performance hints at a major breakout ahead.

How will the upcoming U.S. presidential election affect cryptocurrency ETF approvals? Let's find out.

Bitcoin (BTC) fell as low as $60,300 earlier today due to escalating tensions in the Middle East that have spooked the crypto and traditional markets. The world's largest cryptocurrency is down almost 4% in the past 24 hours following Iran's attack on Israel.

Many might consider Solana a top functional blockchain project; however, a recent review from Edward Snowden, a former U.S. security intelligence officer turned crypto enthusiast, might change minds. Snowden believes Solana is centralized, a take he shared at the Token2049 event recently.

With the new Coinbase Staking API, you can stake any amount of SOL on the Solana network, earning rewards for both you and your users. But the best part?

Binance Web3 Wallet integrates 13 new protocols and introduces SOL staking, expanding yield opportunities for users.

Bloomberg analyst Eric Balchunas has hinted that a potential Donald Trump victory in the upcoming U.S. presidential election could influence the fate of XRP and Solana ETFs. This comment follows Bitwise's recent steps toward creating an XRP ETF by registering a trust entity in Delaware.

Solana is gearing up for a potential price surge against Bitcoin as the SOL/BTC pair inches closer to a bullish breakout. After a prolonged period of consolidation within a symmetrical triangle since March, SOL/BTC is making another attempt to rally past the upper resistance line.

An uptick in Solana's network activity and upcoming project launches could send SOL price higher.

With Bitcoin entering the final pullback of the year, crypto traders are keeping a watchful eye on leading altcoins like Solana (SOL) for the next big move ahead. Technical factors show that the Layer 1 altcoin is showing considerable strength against BTC and could potentially be gearing up for an upcoming rally to $200.

Solana price recently had high market activity, trading around the $148 level at the time of writing. Technically, Solana might be in for a change of direction, with crucial chart patterns and an increasing interest in the derivatives market driving it.

Between the 1st and the 7th of October, nearly 524K SOL, worth $81 million, will be unlocked.

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Solana's total value locked in decentralized finance protocols has risen to levels last seen nearly three years ago. In the DeFi market, total deposits in protocols across Solana's ecosystem have increased from lows of $657 million in October 2023 to over $10.7 billion.

TL;DR Six DeFi protocols on Solana have surpassed $1 billion in TVL, marking the first time this milestone has been reached since November 2021. The total TVL of Solana rises to $5.50 billion, recovering after the collapse of FTX in 2022, which drastically affected the platform.

Ethereum's most feared cryptocurrency, Solana ($SOL), is facing stiff competition from new scaleable Layer 1s that are growing in price at a much quicker rate.

For the first time since Solana launched, six SOL-based platforms held over $1 billion in user deposits.