Tether's $150M Drift Rescue, Solana's $1.1T ATH, SEC DeFi Green Light & More | Solana Weekly News
This week in the SolanaFloor newsroom: Tether steps up with a $150M Drift recovery plan as Circle faces fierce backlash for refusing to freeze stolen funds, the SEC delivers a landmark ruling giving DeFi apps the green light on broker-dealer registration, Solana records $1.1T in Q1 economic activity, a new all-time high. Jump Crypto's research shows Solana PropAMMs outperform CEXes in 99.3% of retail swaps. Plus Seeker's developer count explodes 106% QoQ and Solstice farmers are not happy.
Timestamps 00:00 Welcome + Market Check 05:40 Tether's $150M Drift Rescue 18:38 USDT vs USDC on Solana 21:32 71% of SKR Staked — Seeker Flywheel 30:36 SEC's DeFi Green Light 32:59 Jump Crypto: Prop AMMs Are Winning 40:37 Hyperliquid vs Solana Perps 43:49 Solana's $1.1 Trillion Q1 ATH 47:59 Is It All Bot Volume? 52:42 Meme Coin Era vs Stablecoin Era 1:00:30 Honorable Mentions: Tokenized Stocks, XPL, More 1:08:32 Stat of the Week: USDC vs USDT Market Share War 1:12:28 Tweet of the Week: Lily Liu on Solana's Values 1:13:58 Next Week Preview
▶ Follow Solana Weekly News so you never miss the week in Solana.
📬 Get the stories first — subscribe to the SolanaFloor newsletter: https://solanafloor.com/newsletters
🔗 Follow along: SolanaFloor → https://x.com/solanafloor Finn → https://x.com/solace_fm Thomas → https://x.com/thomasbahamas Jack → https://x.com/_JackDunham
Full stories covered in this episode:
📍 Tether Leads $150M Drift Recovery Plan After Circle Refused to Freeze Stolen Funds https://solanafloor.com/news/tether-leads-150m-drift-recovery-plan-after-circle-refused-freeze-stolen-funds
📍 CEO Jeremy Allaire Stands Firm on Circle's Inactivity During $285M Drift Exploit https://solanafloor.com/news/ceo-jeremy-allaire-stands-firm-circles-inactivity-during-285m-drift-exploit
📍 SEC Gives DeFi Apps Green Light in Statement on Broker-Dealer Registration https://solanafloor.com/news/sec-gives-defi-apps-green-light-statement-broker-dealer-registration
📍 Seeker Developer Count Rises 106% QoQ Amidst Solana dApp Store Boom https://solanafloor.com/news/seeker-developer-count-rises-106-qoq-amidst-solana-dapp-store-boom
📍 Solana PropAMMs Better Than CEX in 99.3% of Retail Swaps https://solanafloor.com/news/solana-prop-amms-better-than-cex-99-retail-swaps
📍 Solana Records $1.1T in Q1 Economic Activity, A New All-Time High https://solanafloor.com/news/solana-records-1t-q1-economic-activity-new-all-time-high
📍 Solstice Farmers Disappointed by $7 Airdrop Registration Fee https://solanafloor.com/news/solstice-farmers-disappointed-7-airdrop-registration-fee
Tether's $150M Drift Rescue, Solana's $1.1T ATH, SEC DeFi Green Light & More | Solana Weekly News
Subscribe & Listen
Foundation's Response to $285M Hack, $544M Pre-IPO Boom & Token Unlocks To Watch┃Solana Weekly News
$290M KelpDAO Exploit, USDT Surges on Solana, Toly's 5 $SOL Challenge & More | Solana Weekly News
More from Solana Weekly News
$2.75 Billion In Shorts Just Got Wiped Out
Top Solana Stories Of The Week: $BTC just delivered a massive God Candle, ripping past $72K and wiping out $2.7B in short liquidations on Wednesday alone as market sentiment surges toward extreme greed. On Solana, epoch 1020 went live to lower slot times to 350ms, while $PUMP, tokenized equity RWAs, and Seeker DeFi products continue to smash all-time highs. Then we unpack the six biggest stories in Solana this week, from $BTC breaking records to Solana slot time upgrades, SEC Regulation Crypto Assets,$PUMP buybacks returning to profit, Kamino powering Seeker USDC vaults, and tokenized stock market cap hitting $465M. 📰 STORIES 📌 Bitcoin Breaks $72K & Solana Hits $88 as $2.74B Shorts Get Liquidated https://solanafloor.com/news/bitcoin-breaks-72k-solana-hits-88-as-2-74b-shorts-get-liquidated 📌 Solana Embraces 12.5% Speed Boost with Slot Times Dropping in Next 48 Hours https://solanafloor.com/news/solana-embraces-12-5-speed-boost-with-slot-times-dropping-in-next-48-hours 📌 SEC Unveils ‘Regulation Crypto Assets’ Framework for Crypto Startups to Raise Money https://solanafloor.com/news/sec-unveils-regulation-crypto-assets-framework-for-crypto-startups-to-raise-money 📌 $PUMP Buyback Position Back in Profit After 9 Months Underwater https://solanafloor.com/news/pump-buyback-position-back-in-profit-after-9-months-underwater 📌 Put Your Idle Cash to Work in Seeker’s $USDC Earn Vault, Powered by Kamino https://solanafloor.com/news/put-your-idle-cash-to-work-in-seekers-usdc-earn-vault-powered-by-kamino 📌 Solana’s Tokenized Equity Market Size Hits $465M as Sunrise Brings Healthcare Stocks Onchain https://solanafloor.com/news/solanas-tokenized-equity-market-size-hits-465m-as-sunrise-brings-healthcare-stocks-onchain
Why Is Saylor Selling While Solana Treasuries Buy?
Top Solana Stories Of The Week: A Solana NFT collection just landed a show on Amazon Prime Video. This week on Solana Weekly News, Jack and Thomas sit down with Andrew Pelekis (CEO, Claynosaurz & HEEBOO) and Nic Cabana (CCO & Co-Founder) to break down how a Solana mint became a global franchise, what HEEBOO is building as a fan-first entertainment launchpad, and how they are rewarding the community that got them here. Then we unpack the six biggest stories in Solana this week, from the fomo vs pump memecoin war to the SEC pulling its crypto rules meeting, and Forward Industries ($FWDI) resuming its $SOL buying as the DAT race reheats. 📰 STORIES 📌 Solana Memecoin Race Flares as fomo, Pump Compete for Trader Flow https://solanafloor.com/news/solana-memecoin-race-flares-as-fomo-pump-compete-for-trader-flow 📌 Solana ETFs on Track to Record Strongest Weekly Inflows Since May https://solanafloor.com/news/solana-etfs-on-track-to-record-strongest-weekly-inflows-since-may 📌 SEC to Roll Out "Major Initiatives" to Turbocharge Crypto Industry as CLARITY Flounders https://solanafloor.com/news/sec-roll-major-initiatives-turbocharge-crypto-industry-clarity-flounders 📌 Solana Hit 86% of Its Halt Threshold After a Teraswitch Routing Failure https://solanafloor.com/news/solana-hit-86-of-its-halt-threshold 📌 DoubleZero Embraces Prediction Market Data, Adds Kalshi Orderbooks to Edge Dataset https://solanafloor.com/news/double-zero-embraces-prediction-market-data-adds-kalshi-orderbooks-to-edge-dataset 📌 Forward Industries Acquires 254K $SOL as Solana DAT Giants Battle for Treasury Dominance https://solanafloor.com/news/forward-industries-acquires-254-k-sol
Why Solana Wants To Burn 14x More SOL
Weekly News: Solana has two improvements coming to the tokenomics of the SOL token. SIMD-0553 was written by Cavey and he and Sabs from Harmonic joined to tell us how this SIMD improves the incentives of the market and how it affects the everyday user. 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.🚀