$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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Solana App Revenue At Bull Run Levels, Is $SOL Next?
Catch up on the latest Solana Weekly news to understand how shifting market trends are unfolding this week. Solana DeFi is charging back into full swing. Pump.fun reclaims market dominance, network TVL reaches post-Drift hack highs, $BP rips to new all-time highs as tokenized equity trading explodes, and a federal judge dismisses all charges against Hayden Davis and Ben Chow. Plus, Metaplex launches token standard MPL-3643 and Trump’s AI rebrand sparks a $68M memecoin frenzy. Full rundown and links below 👇 📌 Pump.fun Reclaims Lead in Solana Launchpad Race https://solanafloor.com/news/pump-fun-reclaims-lead-in-solana-launchpad-race 📌 Solana DeFi TVL Climbs Back to Highest Point Since Drift Hack https://solanafloor.com/news/solana-de-fi-tvl-climbs-back-to-highest-point-since-drift-hack 📌 $BP Surges 255% in 30D Following Strong Month for Tokenized Equity Trading https://solanafloor.com/news/bp-surges-255-in-30d-following-strong-month-for-tokenized-equity-trading 📌 Federal Judge’s Dismissal Closes Door on $LIBRA, $M3M3 Saga https://solanafloor.com/news/federal-judge-s-dismissal-closes-door-on-libra-m3-m3-saga 📌 MPL-3643 Brings Permissioned Securities to Solana With Onchain Eligibility Checks https://solanafloor.com/news/mpl-3643-brings-permissioned-securities-to-solana-with-onchain-eligibility-checks 📌 Solana’s $SI Memecoin Hits $60.9M ATH as Trump Renames AI “Super Intelligence” https://solanafloor.com/news/solanas-si-memecoin-hits-60-9-m-ath 📩 Solana Weekly Newsletter: https://solanafloor.com/newsletters 🐦 X: https://x.com/SolanaFloor ▶️ Subscribe: https://youtube.com/@SolanaFloor SolanaFloor is a subsidiary of the Jito Network. Nothing in this video is financial advice. Always do your own research.
Solana Finality Is Getting 85x Faster!?
Solana just had one of its biggest weeks of the year. Alpenglow, the network's largest-ever consensus upgrade, hit testnet targeting 150ms finality, SOL ripped past $120 to its highest level since January and outran Bitcoin, and another Layer 1 voted to shut down and migrate to Solana. Plus a reawakening NFT market and treasury companies buying even more SOL. Full rundown and links below 👇📌 Solana's Biggest Consensus Upgrade Hits Testnet This Week As Network Targets 150ms Finalityhttps://solanafloor.com/news/solanas-biggest-consensus-upgrade-hits-testnet-this-week📌 Solana Hits $119 as Bitcoin Reclaims $86K: Is Crypto Winter Finally Over?https://solanafloor.com/news/solana-hits-119-as-bitcoin-reclaims-86-k📌 $ZETA Surges 58% After Proposal to Migrate AI Stack to Solana Approvedhttps://solanafloor.com/news/zeta-surges-over-58-after-proposal-migrate-ai-stack-solana-approved📌 Cryptopunks, Boogles, and zkSnarks Record Millions in Trading Volume as NFT Markets Reawakenhttps://solanafloor.com/news/cryptopunks-boogles-and-zk-snarks-record-millions-trading-volume-nft-markets-reawaken📌 Forward Industries Eyes More $SOL With $25M Raise After Amassing 1.39% of Solana's Supplyhttps://solanafloor.com/news/forward-industries-eyes-more-sol-with-25-m-raise📌 Solana Launches $1M Frontier Traders Competitionhttps://solanafloor.com/news/solana-launches-1-m-frontier-traders-competition📩 Solana Weekly Newsletter: https://solanafloor.com/newsletters🐦 X: https://x.com/SolanaFloor▶️ Subscribe: https://youtube.com/@SolanaFloorSolanaFloor is a subsidiary of the Jito Network. Nothing in this video is financial advice. Always do your own research.
VIDA CEO Lyle Pratt: You Can't Stop The Memes
Top Solana Stories Of The Week: VIDA Global CEO Lyle Pratt joins to unpack the community takeover (CTO) of his company's onchain equity, the "board seat" meme, and the exploding world of meme/stocks on Solana. Then the six stories that mattered this week: the Senate killing CLARITY, the SEC's surprise 5-year exemption for tokenized stocks, and Solana rallying back above $110 through all of it. Full rundown and links below 👇 📌 Guest: Lyle Pratt, CEO of VIDA Global 📌 Senate Rejects CLARITY - But Does it Even Matter? https://solanafloor.com/news/senate-rejects-clarity-but-does-it-even-matter 📌 SEC Opens the Door to Tokenized Stocks With a 5-Year "Innovation Exemption" https://solanafloor.com/news/sec-opens-the-door-to-tokenized-stocks-with-a-5-year-innovation-exemption 📌 Solana Leads All Chains in $ZEC Trading Volume as Onchain Supply Hits All-Time High https://solanafloor.com/news/solana-leads-all-chains-zec-trading-volume-onchain-supply-hits-all-time-high 📌 U.S. Bank Column Makes Solana the Default Network for Stablecoin Banking https://solanafloor.com/news/column-makes-solana-the-default-network-for-stablecoin-banking 📌 Solana Transaction v1 Goes Live, Boosting Capacity by 232% https://solanafloor.com/news/solana-transaction-v1-goes-live-boosting-capacity-by-232 📌 "Nuke Them From Orbit": Yakovenko Condemns Solana Slot Laggers https://solanafloor.com/news/nuke-them-from-orbit-yakovenko-condemns-solana-slot-laggers 📩 Solana Weekly Newsletter: https://solanafloor.com/newsletters 🐦 X: https://x.com/SolanaFloor ▶️ Subscribe: https://youtube.com/@SolanaFloor