$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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$4M Collector Crypt Airdrop, $212M Tokenized Equity ATH, DAT Drama | Solana Weekly News
Solana records its biggest tokenized equity day ever with $212M in daily volume, as Ondo lists 173 new stocks and ETFs and the SpaceX IPO aftermath continues. Forward Industries gets rejected for the third time in its rollup attempt on the Solana treasury sector, this time by Solana Company. Collector Crypt airdrops $4M following $4M weekly revenue ATH, now outpacing all competing TCG marketplaces combined. Hylo V2 launches with leveraged equities. Solana Mobile crosses 1,000 apps. And the ZKFG / ZINC ownership coin saga heads to a decisive third vote. STORY LINKS 📍 Collector Crypt's $4 Million Airdrop Arrives as Weekly Revenue Hits $4 Million ATH https://solanafloor.com/news/collector-crypt-s-4-million-airdrop 📍 Ondo Lists 173 New Stocks and ETFs as Solana Records All-Time High in Tokenized Equity Trading Volume https://solanafloor.com/news/ondo-lists-173-new-stocks-and-etfs-as-solana-records-all-time-high-in-tokenized-equity-trading-volume 📍 New $ZINC Proposal Promises Buyout and Airdrop to Early Supporters https://solanafloor.com/news/new-zinc-proposal-promises-buyout-and-airdrop-to-early-supporters 📍 Hylo Bets on Leveraged Equities as Solana's Next Breakout Market With V2 Launch https://solanafloor.com/news/hylo-bets-on-leveraged-equities-with-v2-launch 📍 Solana Mobile June Recap: 1,000 Apps, Publishing Portal Update, and DeFi Portfolio Tracking https://solanafloor.com/news/solana-mobile-june-recap-1-000-apps-publishing-portal-update-and-de-fi-portfolio-tracking 📍 Solana Company Rejects Forward's Bid as Pressure Mounts Across Treasury Firms https://solanafloor.com/news/solana-company-rejects-forward-s-bid About SolanaFloor: SolanaFloor is Solana's #1 news and education source. 🔗 Links 🔗 👉 Follow Jack Dunham: https://x.com/_JackDunham 👉 Follow Thomas Bahamas: https://x.com/Thomasbahamas SolanaFloor 👉 https://solanafloor.com 👉 https://x.com/SolanaFloor 👉 Newsletter: https://solanafloor.substack.com Stay ahead of the curve 🚀 Don’t forget to like, subscribe, and hit the bell to stay updated on all things Solana. Visit us at solanafloor.com for more detailed articles and updates.🚀
SpaceX's $2T IPO Hits Solana, DAT Wars Begin ft. Sunrise's Saeed Badreg | Solana Weekly News
It's IPO day. SpaceX lists on Nasdaq at $135 per share in the largest IPO in history, and tokenized $SPCX starts trading on Solana the very same day. We're joined by Saeed Badreg, CEO of Wormhole Labs and the team behind Sunrise, to break down how a real, redeemable SpaceX share ends up in your Solana wallet, why Solana captured 97.3% of all tokenized equity volume in May, and whether Anthropic and OpenAI are next. Plus: the World Series of Poker brings Solana payments to poker's biggest stage, Forward Industries takes its Solmate acquisition bid directly to shareholders as DAT consolidation begins, $HNT craters 53% as the community revolts against a proposed 141M token mint, Bulk amasses $25.9M in pre-deposits ahead of its perps DEX launch, and Helius acquires Light Protocol to make privacy the default on Solana.STORY LINKS📍 SpaceX's $2 Trillion IPO Lands on Solana as Backpack and Sunrise Debuts Redeemable $SPCXhttps://solanafloor.com/news/backpack-and-sunrise-debuts-redeemable-spcx📍 World Series of Poker and Solana Foundation Bring Crypto Payments to Poker's Biggest Stagehttps://solanafloor.com/news/world-series-of-poker-and-solana-foundation-bring-crypto-payments-to-poker-s-biggest-stage📍 One DAT to Rule Them All: Forward Industries Pursues Solmate Acquisitionhttps://solanafloor.com/news/one-dat-to-rule-them-all-forward-industries-pursues-solmate-acquisition📍 $HNT Nosedives 53% as Community Pushes Back on Helium Governance Proposalhttps://solanafloor.com/news/hnt-nosedives-53-community-pushes-back-helium-governance-proposal📍 Bulk Amasses $25.9M in Pre-Deposit TVL Ahead of Mainnet Launchhttps://solanafloor.com/news/bulk-amasses-25m-in-pre-deposit-tvl-ahead-mainnet-launch📍 Helius Wants to Make Privacy the Default on Solana Through Light Protocol Acquisitionhttps://solanafloor.com/news/helius-wants-to-make-privacy-the-default-on-solana-through-light-protocol-acquisition
Is Crypto Dead? $5.5B Liquidated, Saylor Sells, Zcash Collapse & More | Solana Weekly News
Top Solana Stories Of The Week: A brutal week. $5.56B liquidated as Michael Saylor breaks his "never sell" promise. Zcash collapses 40% on a 4-year-old cryptographic vulnerability. Arthur Hayes calls the top on $HYPE and exits with $18M as retail copy traders eat the dump, but within the Solana ecosystem, Helius engineer formalizes SIMD-0550 to make $SOL potentially deflationary, Andrew Yang's Noble Mobile acquires Helium Mobile. Sanctum's $INF delivers 8.2% higher APY than the network median, Certora formally verifies P-Token, and Jupiter unveils Forecast — Solana's first native prediction market right before the FIFA World Cup.STORIES📍 $1.76B Liquidated from Crypto Markets as Saylor Breaks "Never Sell" Promisehttps://solanafloor.com/news/1-76-b-liquidated-from-crypto-markets-as-saylor-breaks-never-sell-promise📍 SIMD-0550: Helius Engineer Formalizes $SOL Disinflation Proposalhttps://solanafloor.com/news/simd-0550-helius-engineer-formalizes-sol-disinflation-proposal📍 Former U.S. Presidential Candidate Andrew Yang's Noble Mobile Acquires Helium Mobilehttps://solanafloor.com/news/former-u-s-presidential-candidate-andrew-yang-s-noble-mobile-acquires-helium-mobile-what-happens-to-hnt📍 Sanctum's $INF Yields 8.2% Higher APY than Solana Network Median Since V2 Upgradehttps://solanafloor.com/news/sanctums-inf-yields-8-2-higher-rewards-than-network-median-since-launch📍 Certora Formally Verifies Solana's P-Token Upgrade as Equivalent to SPL Tokenhttps://solanafloor.com/news/certora-formally-verifies-solana-s-p-token-upgrade📍 Jupiter Unveils Forecast: Solana's First Native Prediction Markethttps://solanafloor.com/news/jupiter-unveils-forecast-solana-s-first-native-prediction-market