$290M KelpDAO Exploit, USDT Surges on Solana, Toly's 5 $SOL Challenge & More | Solana Weekly News
This week in the SolanaFloor newsroom: KelpDAO loses $290M to Lazarus Group as contagion hits Solana lending rates, Tether's USDT supply on Solana surges 16% in 7 days as Circle loses community trust. Plus, Polymarket and Kalshi enter the perps arena while Solana remains sidelined, Toly challenges hackers to crack his immutable app for a 5 SOL prize, and Singapore's 88 year old OCBC tokenizes a $526M gold fund on Solana, while CT debates whether Solana's PvP memecoin culture is costing the chain.
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Full stories covered in this episode:
📍 $280M KelpDAO Exploit Forces DeFi Liquidity Crunch — Is Solana Safe? https://solanafloor.com/news/280m-kelp-dao-exploit-forces-defi-liquidity-crunch-solana-safe
📍 Tether's $USDT Supply on Solana Jumps Over 14% in 7 Days https://solanafloor.com/news/tether-s-usdt-supply-on-solana-jumps-over-14-in-7-days
📍 Polymarket, Kalshi Enter Perps Arena, Solana Sidelined in Both Sectors https://solanafloor.com/news/polymarket-kalshi-enter-perps-arena-solana-sidelined-both-sectors
📍 "Return to Open Source Immutable Software" — Solana Co-Founder Issues Challenge to DeFi Community https://solanafloor.com/news/return-open-source-immutable-software-solana-cofounder-issues-challenge-defi-community
📍 OCBC Brings $526M Physical Gold Fund Onchain with $GOLDX Launch on Solana https://solanafloor.com/news/ocbc-brings-526-m-physical-gold-fund-onchain-with-goldx-launch-on-solana
📍 Traders Blame 'PvP Culture' for Solana's Languishing Memecoin Market https://solanafloor.com/news/traders-blame-pv-p-culture-for-solana-s-languishing-memecoin-market
$290M KelpDAO Exploit, USDT Surges on Solana, Toly's 5 $SOL Challenge & More | Solana Weekly News
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Tether's $150M Drift Rescue, Solana's $1.1T ATH, SEC DeFi Green Light & More | Solana Weekly News
$370M $PUMP Burn Backfires, $2.5B RWA ATH, Meta $USDC Payments On Solana | Solana Weekly News
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