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The Solana-based Cypher Protocol is again in the negative spotlight after one of its core developers admitted to stealing and losing over $300,000 of users’ funds. Another of the project’s developers first unveiled the news and also alerted law enforcement. Related Reading: Solana Price Prediction – Could Solana Regain Bullish Momentum And Push To $200?

Gambled Away? Solana’s Cypher Protocol Dev Confesses Stealing $300,000

Unfortunately, market could not get enough momentum

Strong XRP Support: Will It Hold? Solana (SOL) Forms Interesting Price Pattern, Ethereum (ETH) In Problematic State

Robinhood has introduced its first-ever crypto staking product, which will be available to European customers. The company has also launched several other new features for European users. “Robinhood Crypto customers can now stake their solana (SOL) holdings directly through the app, allowing them to earn rewards with the flexibility to unstake at any time,” the

Robinhood Launches Its First Crypto Staking Product

Bitcoin’s surge above $65,000 today triggered a 5% notable increase in the total crypto market value to $2.47 trillion. This bullish move comes after weeks of uncertainties and losses, especially among major digital assets like Ethereum (ETH), Binance Coin (BNB), Solana (SOL), XRP, and more. Meanwhile, as BTC makes the much-awaited return to health, tech-savvy The post Tech-Savvy Investors Bet On 3 Altcoins To Buy In May For 50X Profit appeared first on CoinGape .

Tech-Savvy Investors Bet On 3 Altcoins To Buy In May For 50X Profit

Solana surpassed Ethereum in profitability for the first time. Solana's daily economic value exceeded $2.2 million. Continue Reading: Solana Surpasses Ethereum in Profitability

Solana Surpasses Ethereum in Profitability

Robinhood Crypto has announced the introduction of a Solana-staking product in Europe, accompanied by a bonus program for new customers. This development comes as the company faces increased tensions with US regulators, which could potentially lead to legal repercussions. However, the move has propelled Solana’s (SOL) price to surpass the crucial $150 level, indicating a return of bullish momentum in the market. Solana Staking And Crypto Rewards According to the announcement, Robinhood unveiled new features for its European customers. These offerings include staking, localized applications, and crypto rewards. As part of its expansion, Robinhood has launched its first crypto-staking product exclusively for European customers. Through the platform, users can stake their Solana holdings and earn rewards with the ability to unstake their assets at any time. Additionally, new customers can receive a 10% bonus on their net purchases during their first 30 days on the platform, with the bonus paid out in Circle’s USDC stablecoin. This initiative aims to attract new users and improve their crypto investing experience. Related Reading: Bitcoin Analyst Reveals Why $57,938 Is The Level To Watch This Week While Robinhood Crypto expands its offerings in Europe, the company faces regulatory challenges in the United States. The US Securities and Exchange Commission (SEC) has issued a Wells Notice to the exchange, indicating the staff’s recommendation for an enforcement action against the platform. Robinhood expressed disappointment in the SEC’s decision, emphasizing their efforts to seek regulatory clarity and asserting their belief that the listed assets on their platform are not securities. Vlad Tenev, the CEO of Robinhood, revealed that the company has held over 16 meetings with the SEC. However, these interactions have been largely unsatisfactory, according to Tenev. He expressed the company’s willingness to engage with the SEC in good faith but noted the regulatory body’s lack of reciprocal efforts. SOL Bulls Eye $200 As Trading Volume Rises Solana’s native token, SOL, experienced a significant rebound in the past hour, surging from the $140 zone to its current trading price of $153. This price movement holds key significance for bullish investors as they aim to retest the $200 mark previously surpassed in March. CoinGecko data further reveals a notable increase in SOL’s trading volume, reaching $2.7 billion in the last 24 hours, representing a 6.6% rise compared to the previous Monday’s trading session. Related Reading: Floki Inu Moment Of Glory: Analysts Forecast Explosive 200% Rally According to crypto analyst Jesse Olson, Solana has shown strength in its recent price action. Olson notes that Solana successfully hit all four downside targets and exhibited bullish divergence, followed by hitting three upside targets. The price appears to form a higher low, increasing the probability of reaching “target four,” projected at the $175 mark. Despite the bullish momentum, SOL faces crucial resistance walls at $157 and $172, which are expected to be significant obstacles toward higher price levels. On the other hand, the $140 line has served as a key support level for Solana’s price over the past week. SOL’s bullish momentum remains uncertain as it strives to overcome these resistance levels and retest its yearly high of $209. Featured image from Shutterstock, chart from TradingView.com

SOL Price Breaks Crucial $150 Level Amid Robinhood’s Solana Staking Debut In Europe

Bitcoin's surge sets the stage for potential altcoin season. BNB and Solana show significant market cap growth potential. Continue Reading: Bitcoin’s Surge Sparks Altcoin Season Speculation

Bitcoin’s Surge Sparks Altcoin Season Speculation

Real Vision analyst Jamie Coutts believes Bitcoin (BTC) and a certain breed of altcoins will be beneficiaries of artificial intelligence’s (AI) rise to prominence. The former Bloomberg analyst tells his 16,200 followers on the social media platform X that AI will need a money system, and that BTC may be the best available form. However, The post Ethereum, Solana and One More ETH-Rival Will Benefit From Rise of Artificial Intelligence: Real Vision Analyst appeared first on The Daily Hodl .

Ethereum, Solana and One More ETH-Rival Will Benefit From Rise of Artificial Intelligence: Real Vision Analyst

MAGA Shiba Inu (MAGASHIB) could turn early investors into multi-millionaires if it becomes a mainstream coin, like Shiba Inu (SHIB) and Dogecoin (DOGE). MAGA Shiba Inu (MAGASHIB), a new Solana memecoin that was launched today, is poised to explode over 13,000% in price in the coming days. This is because MAGASHIB has announced its first centralized exchange listing, which will be on MEXC – one of the largest exchanges in the world. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, MAGA Shiba Inu

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