Updated on 22th June, 2024

In yesterday's article, we'll see the progress, rumors, predictions and much more things around Solana made by major News and Blockchain News Publications have made one by one.

This article will help you to get all the required information about Solana and its ecosystem without going on multiple articles.

Top Stories About Solana By News and Crypto Publications

Here are some of the latest and current News about the Solana and its ecosystem from major News and Independent Crypto Media:

#1 "Solana Co-founder Praises New Decentralized Rideshare Service Over Uber - CoinGape"

In CoinGape's recent article, they said that

Solana co-founder Raj Gokal praised Teleport, a new decentralized rideshare service on the Solana blockchain. Teleport uses the TRIP protocol, taking only 15% of fares compared to Uber's 44%, making it fairer for drivers. It also uses onchain rewards to reduce recruitment costs. Gokal believes this new approach, supported by a decentralized system for fairness, could change the rideshare industry.

#2 "Sonic Raises $12M for Gaming Blockchain on Solana -CoinDesk"

In the yesterday article,

The Sonic, a gaming-focused layer-2 blockchain on Solana, raised $12 million in a Series A round led by Bitkraft, with investors like Galaxy Interactive and Big Brain Holdings. The funds will support Sonic's growth, enhancing its gaming development tools such as sandbox environments and customizable gaming features, promising the fastest on-chain gaming experience.

Built by Mirror World Labs and led by CEO Chris Zhu, Sonic aims to be the top choice for game studios on Solana. This follows a $4 million seed round in 2022, bringing their total funds to $16 million.

#3 "DRiP Haus Set to Launch Mobile App in July, Expands Content Offerings - TheBlock"

TheBlock says:

Solana creator platform DRiP Haus plans to release its mobile app on Android and iOS in July, says founder Vibhu Norby. The app will feature a built-in wallet for easy onboarding and support audio content like podcasts. DRiP Haus lets creators distribute digital works and receive payments. Despite blockchain congestion challenges, it remains active with 100,000 daily active wallets.

The platform is expanding to include news and video, aiming to provide a convenient, user-friendly experience that deters content piracy. Norby emphasizes that users retain ownership of their content, stored on the decentralized Arweave protocol.

#4 "Trump Solana Meme Coin Soars After Suspected Twitter Hack - CryptoBriefing"

This is incredible news from CoinBriefing that

Solana-based Donald Trump meme coin surged over 80% in an hour following a tweet from Pirate Wires, an independent media outlet. The tweet claimed Trump was launching an official token, $DJT, on Solana. Many in the crypto community suspect the Pirate Wires account was hacked, especially after founder Michael Solana's account posted a contract address for $DJT. The rapid posting of this address fueled further speculation of a hack. There has been no official comment from the Trump family or confirmation of the alleged hack.

#5 "Can Solana's New ETP Spark a Major Price Surge? - CoinGape"

Another analysis news from CoinGape that:

Solana's price forms a symmetrical triangle pattern, hinting at potential bullish momentum. The Canadian company 3iQ plans to launch a Solana Fund ETP, offering investment opportunities and staking income. Currently, SOL trades sideways, supported at $128. Despite a recent 10.5% drop, the triangle pattern suggests a potential rally. The 3iQ Solana ETP could positively impact SOL prices, especially if listed on the Toronto Stock Exchange. A breakout from the triangle pattern could push SOL to $210, with an ultimate target of $354. Technical indicators show a bearish trend, but support levels remain strong.

#6 "Solana: The 'Mac OS' of Blockchain Amid Price Dip, Says Pantera Capital - FX Street"

In FX Street, he says,

Pantera Capital recently hailed Solana as a significant force in blockchain technology, likening it to Apple's Mac OS in a new report. The firm highlighted Solana's holistic architecture and rapid innovation as surpassing Ethereum's.

Despite this praise, Solana's price briefly fell below $130 for the first time since May, currently trading at $134. Pantera's confidence in Solana follows substantial investments and increased user activity driven by Solana-based meme coins. However, waning interest in these coins and a 32% drop from its yearly high suggest potential challenges ahead.

#7 "Are Solana and Polygon Safe After the SEC Dropped Its Ethereum Investigation? - DeCrypt"

In the latest article of DeCrypt, he says,

The SEC has ended its investigation into Ethereum's transition to proof-of-stake, suggesting Ethereum is not a security. This decision led some to believe that other PoS cryptocurrencies like Solana and Polygon might also be safe from being classified as securities. However, legal experts caution against this assumption.

Each cryptocurrency is unique, and the SEC's decision on Ethereum does not necessarily apply to others. Factors like creation, distribution, and block validation methods differ for each token.

#8 "Solana's Price Surge Fueled by Spot ETF Applications and Positive Market Sentiment - CoinTelegraph"

In today's news by CoinTelegraph, they said that:

Solana's (SOL) price surged due to investor excitement over new spot SOL ETF applications and broader market recovery. At the time of writing, SOL is trading at $149, up 8.9% in the last 24 hours. The spike followed VanEck’s filing for the first U.S. Solana ETF, aiming to leverage Solana's decentralized nature and high utility.

Additionally, Solana-based DEX Zeta Markets’ airdrop campaign contributed to the positive sentiment, driving SOL’s total value locked (TVL) up by 120% in 2024. The market structure indicates potential further gains, with SOL eyeing a return to $200, supported by strong technical indicators.

#9 "Solana ETFs and Huge SOL Gains a Real Possibility Under Trump- CoinDesk"

Last News by CoinDesk says:

Solana (SOL) could see significant price gains if Donald Trump becomes president, according to market maker GSR. Under the Biden administration, Solana is far from getting a U.S. ETF, but Trump's potential pro-crypto stance might change that.

GSR suggests Trump's administration could implement favorable regulations, allowing numerous spot digital asset ETFs, with SOL being a top candidate. Historical data shows Bitcoin's price doubled with its ETF launch, and Solana could see similar or even greater gains due to its smaller market size and high decentralization. However, without regulatory changes, a Solana ETF remains unlikely.