FTX Cold Wallets Move $19M in Solana, Ether to Crypto Exchanges
The debtor group in control of FTX assets has conducted various on-chain transactions in the past few weeks.
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The debtor group in control of FTX assets has conducted various on-chain transactions in the past few weeks.
Solana’s largest decentralized finance (DeFi) protocol, Marinade Finance, has blocked users in the United Kingdom from accessing the site due to “compliance concerns” over Financial Conduct Authority (FCA) regulations.
Solana (SOL) jumped 11% Friday, and is one of the best performing crypto assets this year with a 170% gain.
Addresses tied to the bankrupt crypto exchange controlled by a creditors’ group have apparently staked the tokens to earn yield, blockchain data suggests.
Bitcoin’s bounce amid fears of FTX creditor liquidation might shake out altcoin bears, leading to a sharp rally in recently shorted tokens like solana.
Some community members have already pushed back against the idea.
Solana-based automation project Clockwork’s developers are moving on from the venture-backed startup after finding it had “limited commercial upside.”
Solana Pay, the payment protocol built on the Solana blockchain, is now plugged into e-commerce giant Shopify, allowing users to pay in USD Coin (USDC), the companies announced Wednesday.
Cypher’s IDO will test whether it can recapture momentum.
Altcoins are leading declines, with majors like DOGE, SOL and MATIC shedding 6-7% in the past 24 hours.