https://t.me/Solana_Updates

2022-06-17 15:58:02 Is the $20-level next for ‘oversold’ Solana [SOL]

SOL was once very popular as it emerged on the heels of Solana’s aggressive growth, aiming to be the Ethereum killer. Fast forward to present day, however, and Solana is not as hyped as it used to be. In fact, SOL’s price has suffered a major downturn over the last few months.

SOL bottomed out at $25.86 recently as the bears extended their dominance. Its latest price means it was down by roughly 80% from its ATH of $259. The sell pressure pushed it low enough to interact with its descending resistance line marked by it May and January lows.SOL, at press time, had already achieved some upside and was trading at $28.99. This signifies some accumulation at recent lows, but will they be enough to sustain a significant uptick in the next few days.

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2022-06-16 10:27:02 Streamflow Reaches $150million In TVL Offering Token Vesting On Solana

Streamflow is pleased to announce a $3.1 million seed round headed by Jump Crypto and including participation from other investors like Solana Ventures, GBV, MEXc Labs, Paribus Ventures, Hypersphere, IVC, Genblock Capital, AngelDAO, T3E, AmberGroup, Solidity Ventures, Ratio Finance, and Huobi Ventures.

Streamflow is a token distribution platform on Solana that allows any organization to distribute and stream value. On top of a safe and secure multi-sig wallet, this platform provides token vesting, payroll, and batch payments. The Streamflow real-time value streaming concept is so flexible and efficient, that the company currently allows users to cancel or move streamed transactions, and the team plans to keep evolving with these principles in mind.

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2022-06-15 13:39:02 Solana Foundation Harnesses Edgevana to Improve Validator Experience

Edgevana, a leader in powering the decentralized web, today announced that it has been chosen by the Solana Foundation to deploy 500 bare metal servers in 32 of Edgevana's highly secure data center and colocation facilities worldwide.

Edgevana is able to address the challenges that hyper-growth blockchains face as it relates to the onboarding of blockchain validators. Edgevana understands that every decentralized blockchain network is different. Edgevana partners with Blockchain protocols to understand the needs of the network and the needs of their target validators, RPC operators, or miner audiences.

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2022-06-15 09:39:31 Solana Updates pinned a photo Open / Comment

2022-06-15 09:39:21 ​ Learn how to trade Solana Options and Futures on Deribit

Solana options and futures have arrived on Deribit. These contracts use SOL, the native token of the Solana network, as collateral for trading both options and futures. This allows traders to speculate on the dollar price of SOL using their SOL as collateral. But it’s not just speculators who will find these contracts useful. They are also useful for hedgers and yield seeking individuals or companies.

For those new to options, it may be useful to give a brief overview of the two main types, namely calls options and put options.

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2022-06-14 10:26:12 Solana Changes Twitter Name to Solano After Bitcoin Maxi Jack Dorsey Misspells Chain

Outages and safety ratings may break Solana’s bones, but words will never hurt it. And Solana has a sense of humor. The Layer-1 blockchain has jokingly renamed itself Solano on Twitter after Jack Dorsey misspelled the cryptocurrency’s name in a Twitter thread.

Dorsey, a noted Bitcoin maximalist, has routinely derided all cryptocurrencies and chains besides Bitcoin as inferior and unreliable. On Friday, the Twitter co-founder announced Block subsidiary TBD’s intention to create Web5, an “extra decentralized” platform built atop the Bitcoin blockchain to remedy what Dorsey sees as Web3’s failures to protect users’ privacy and personal data. Web3 is shorthand for the next iteration of the internet that runs on blockchains.

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2022-06-13 11:20:04 Solana Challenges Poor Safety Rating From DeFi Watchdog

DeFi Safety, an independent DeFi rating organization, has ranked Solana as the second-worst according to the firm’s technical criteria. Axie Infinity’s, the popular play-to-earn gaming platform, Ronin blockchain has been ranked as the worst, according to DeFi Safety. Ronin was hacked for $600 million in March 2022.

The Montreal-based agency has rated over 240 Decentralized Finance (DeFi) protocols and 15 different blockchains. DeFi Safety’s blockchain reviews include five-different criteria: node count and their diversity, supporting software, documentation, as well as testing and security, according to their blog post. “DeFi Safety does not perform code audits,” explains Defi Safety on its about page. “Instead, we review the quality of process and documentation behind the code, of which audits are only a part.”

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2022-06-12 17:43:02 Solana price just one breakdown away from a 40% slide in June

Solana (SOL) is nearing a decisive breakdown moment as it inches towards the apex of its prevailing "descending triangle" pattern. Notably, SOL's price has been consolidating inside a range defined by a falling trendline resistance and horizontal trendline support, which appears like a descending triangle—a trend continuation pattern.

Therefore, since SOL has been trending lower, down about 85% from its November 2021 peak of $267, its likelihood of breaking below the triangle range is higher. As a rule of technical analysis, a breakdown move followed by the formation of a descending triangle could last until the price has fallen by as much as the triangle's maximum height. This puts SOL's bearish price target at $22.50 in June, down about 40% from June 10's price. So that leaves SOL with a roughly 30% chance of avoiding a breakdown and rebounding.

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2022-06-11 14:33:02 Solana NFT Platform Fractal Aims to Simplify Web3 Gaming With Google Sign-In

Onboarding new users into the Web3 world is an ongoing challenge for crypto and NFT platforms, due to the complexities of handling crypto wallets and taking custody of assets. But Fractal, a Solana NFT gaming platform, thinks it has a solution that involves users’ existing Google accounts.

Today, the startup announced Sign In With Fractal, a new feature that lets users create a crypto wallet in a matter of moments by logging in with a Google account. The process creates a non-custodial wallet—which means Fractal doesn’t hold users’ NFTs or assets—and then splits the wallet’s private key between the user's device and Fractal’s servers. That seed phrase provides a means to recover a Fractal wallet on a new device should the original device be lost, broken, or compromised, for example.

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2022-06-10 16:31:02 Solana Transactions Are Stopped at Coinbase Prime, Network Fixes Block Operations

The brokerage arm of one of the largest U.S. crypto exchanges, Coinbase Prime, is in trouble with SOL transfer transactions due to a bug that took the Solana network out of service last week. This was reported from a tweet by Hasib Qureshi, managing partner of Dragonfly Capital.

In its statement regarding the situation, Coinbase Prime explained that due to an update to the Solana network, custodial on-chain transactions, including the full range of transactions from wallet creation to withdrawals and stacking, are disabled for a certain period of time. Customers do not need to worry about their assets in this case, Coinbase Prime underscored. At the same time, users of the service can deposit funds to existing wallets, and active stakeholders will still be able to receive rewards.

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