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Solana is a high-performance blockchain protocol designed to enable scalable, user-friendly applications for the world.
Squads completes $18 million strategic funding round led by Solana Ventures
: Solana ecosystem multi-signature protocol Squads announced the completion of an $18 million strategic funding round, led by Solana Ventures, with participation from Coinbase Ventures, Haun Ventures, L1D, and others. Its total cumulative funding has now reached $42.9 million. According to reports, Squads' stablecoin payment platform Altitude allows enterprises to conduct 24/7 global payment settlements in stablecoins through self-custodial wallets, and connects to the global payment network via its compliance and risk control system. (The Block)
Squads, a Solana ecosystem multisig protocol, announced it has completed an $18 million strategic funding round led by Solana Ventures.
According to The Block, Squads, a multi-signature protocol in the Solana ecosystem, has announced the completion of an $18 million strategic funding round led by Solana Ventures, with participation from Coinbase Ventures, Haun Ventures, L1D, and others. This round is an equity financing, bringing Squads’ total funding to $42.9 million. Squads will use the funds from this round to expand its stablecoin-based corporate finance platform, Altitude.
Blockworks completes Series A extension funding at $192 million valuation, betting on the integration of crypto data and information infrastructure
Blockworks has announced the completion of a Series A extension funding round, achieving a post-money valuation of $192 million. The round was co-led by ParaFi Capital and Reciprocal Ventures, with support from Coinbase Ventures, MoonPay Ventures, and several other institutions and industry participants. The funding also attracted investments from over 20 founders and operators of ecosystem projects including Solana, LayerZero, Arbitrum, and Kraken, though the specific amount raised has not been disclosed.The company stated that while the crypto market has grown to a trillion-dollar scale lacking traditional capital market infrastructure, it still faces issues such as fragmented data, inconsistent disclosure standards, and a lack of investor communication mechanisms. Blockworks aims to fill this gap through a "data + disclosure + investor relations" tripartite architecture. (CNBC)
Solana Company completes ~$8 million private placement, led by Mirae Asset
Solana Company, a SOL treasury firm, completed a private placement, issuing 3,076,922 Class A common shares at $2.60 per share, raising approximately $8 million (approximately $7.9 million net). Mirae Asset led the round, with HashKey Capital participating. The company plans to use the proceeds to increase its SOL holdings and for general corporate purposes.
AI trading agent platform Fere AI closes $1.3M funding round, led by Ethereal Ventures
According to GlobeNewswire, Fere AI, an AI-powered digital asset trading agent platform, has announced the completion of a $1.3 million funding round led by Ethereal Ventures, with participation from Galaxy Vision Hill and Kosmos Ventures. The platform supports cross-chain networks including Ethereum, Solana, and Base, enabling users to describe their trading objectives in natural language—AI agents then execute the trades. The new funds will be used to accelerate platform feature development and optimize trading execution strategies.
daos.fun Founder's Summary: Has Stopped Launching DAO Products, Speculation-Driven Market and Governance Flaws Are Unsustainable
Odaily News daos.fun founder baoskee posted on the X platform stating that the team has ceased further development of DAO products. The reason is that the market is primarily driven by speculation, and the "degen managing a hedge fund" model has structural issues, including behaviors such as dumping after fundraising or self-buying tokens.He pointed out that daos.fun had previously promoted narratives related to DAOs, ICM, and AI, and emphasized that the team did not engage in insider trading or token sniping during operations, creating profits for users.Simultaneously, baoskee mentioned that while the whitelist mechanism is controversial, overall it still constituted an "interesting experiment." He stated he will continue to monitor the development of new projects like pumpcade and megapot, and is optimistic about the innovative potential of the Solana ecosystem in the financial gaming field.
Squads completes $18 million strategic funding round led by Solana Ventures
: Solana ecosystem multi-signature protocol Squads announced the completion of an $18 million strategic funding round, led by Solana Ventures, with participation from Coinbase Ventures, Haun Ventures, L1D, and others. Its total cumulative funding has now reached $42.9 million. According to reports, Squads' stablecoin payment platform Altitude allows enterprises to conduct 24/7 global payment settlements in stablecoins through self-custodial wallets, and connects to the global payment network via its compliance and risk control system. (The Block)
Israel approves first regulated stablecoin pegged to the Shekel
the Israel Capital Market Authority has approved Bits of Gold to issue the country's first shekel-pegged stablecoin, BILS. The token is a regulated asset launched by Bits of Gold after a two-year evaluation and pilot program, with support from the Solana network, Fireblocks, and Ernst & Young. Bits of Gold stated that bringing the shekel on-chain aims to position it alongside currencies such as the euro, the Japanese yen, and the Singapore dollar, which have already entered the blockchain financial system. Currently, the stablecoin market size has exceeded $300 billion. This issuance aims to address the dominance of dollar-pegged tokens in on-chain payments and safeguard digital sovereignty.
Israeli regulators approve shekel-pegged stablecoin BILS for launch
According to Cointelegraph, Israel’s Authority for Capital Markets, Insurance, and Savings has approved the virtual asset trading platform Bits of Gold to launch BILS, a stablecoin pegged to the Israeli shekel. BILS previously completed a two-year pilot on the Solana blockchain. Per the announcement, BILS reserve assets will be held in designated, segregated accounts within Israel. This initiative is also part of the Israel Tax Authority and Ministry of Finance’s efforts to establish a regulatory framework for the crypto industry, specifically covering certain stablecoin activities.
a16z: Stablecoins Are Reshaping Global Financial Infrastructure, Accelerating the Arrival of a New On-Chain Finance Era
A research report released by a16z Crypto states that stablecoins have evolved from niche trading tools into the foundational layer of a new global financial infrastructure, giving rise to a new generation of “Banking-as-a-Service” (BaaS) models. Unlike the previous wave of BaaS, this new model is built on onchain infrastructure and integrates account management, payments, foreign exchange, and credit functions via self-custodial wallets—significantly reducing reliance on traditional intermediaries. The report classifies blockchains into three categories: general-purpose public chains (e.g., Solana and Ethereum), purpose-built chains optimized for payment use cases (e.g., Stripe’s Tempo and Circle’s Arc), and compliance-focused networks designed for regulated institutions (e.g., Canton). On the regulatory front, following the passage of the GENIUS Act, stablecoin issuers are competing aggressively for national trust charters from the Office of the Comptroller of the Currency (OCC), aiming to gain direct access to the Federal Reserve’s payment rails and secure a central position within the payments stack. The report also notes that stablecoins have made significant progress in the “middle mile” of cross-border payments; however, liquidity bottlenecks between stablecoins and local fiat currencies remain unresolved in emerging markets. Looking ahead, as stablecoin scale grows, the onchain credit market is poised to become the next major opportunity after payments—providing capital to borrowers underserved by traditional financial systems. Moreover, the widespread adoption of stablecoins is expected to further reinforce the U.S. dollar’s global dominance.
OSL Group Partners with Circle to Expand Global Access to USDC
According to The Block, OSL Group has announced a partnership with Circle’s affiliated entities to expand USDC integration across its payment and trading platforms. Through OSL Global, users can exchange USD for USDC at a 1:1 ratio and trade BTC, ETH, SOL, USD, and USDT pairs in a dedicated USDC trading zone. Meanwhile, OSL has adopted USDC as its unified margin asset and integrated USDC into its payment services to support compliant digital dollar settlement and payment use cases. OSL also stated that it plans to support Circle’s tokenized money market fund, USYC, subject to regulatory requirements and platform eligibility criteria.
Belarus’ cryptocurrency banking framework takes effect, supporting 26 cryptocurrencies and 11 types of operations
According to the Belarusian state news agency BELTA, Alexander Yegorov, First Deputy Chairman of the National Bank of the Republic of Belarus, revealed at the “Digital Banking–2026” conference that Belarus has adopted Decree No. 19, formally establishing a regulatory framework for crypto banks. Under the decree, crypto banks will support 26 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), TON (Toncoin), Solana (SOL), and multiple stablecoins. They will also be authorized to conduct 11 types of operations, such as crypto deposits, crypto lending, crypto staking, crypto collateralization, crypto transfers, issuance of proprietary tokens, and crypto storage and exchange. Yegorov stated that the current list of supported cryptocurrencies and permitted operations is not final and will be continuously updated and refined in response to investor demand and emerging ideas.
A whale deposited SOL withdrawn from Kraken 11 months ago into Binance, facing an unrealized loss of $17.62 million
According to Onchain Lens monitoring, a whale deposited 211,694 SOL into Binance today, worth $177,700. The whale withdrew 200,010 SOL from Kraken 11 months ago, when it was worth $353,900. Based on current prices, the whale is facing a loss of $17.62 million.
On-chain whale liquidates ASTEROID holdings and shifts funds to SCAN, incurring $86,800 loss overnight
According to on-chain analyst Ai Aunt (@ai 9684xtpa), the Solana address JBhVo…MBYiv, after liquidating its $ASTEROID holdings for a profit, shifted funds into $SCAN and ultimately incurred a loss of $86,800—erasing all prior gains. Previously, this address held 52.8 million $ASTEROID tokens. Five hours ago, it fully sold them at an average price of $0.00306, with an average cost basis of $0.00148, generating cumulative profits of approximately $83,700. After liquidating $ASTEROID, the address accumulated $SCAN in multiple tranches, investing a total of $135,000 at an average cost of $0.00856. However, its final purchase occurred just before Elon Musk un-pinned the related tweet; roughly thirty minutes later, $SCAN’s price plunged sharply. The address immediately exited its position to cut losses, resulting in a $86,800 loss—fully wiping out its earlier $ASTEROID profits.
An address purchased 10.46 million SCAM tokens early, achieving a return rate of 54,661%.
According to on-chain analyst Ai Aunt (@ai 9684xtpa), the address 9Dq1k…JEvCp purchased 10.46 million tokens just 1 minute and 30 seconds after the SCAM deployment, spending a total of 1.7 SOL at an average cost of $0.00001352 per token. Over the past 10 hours, this address sold the related tokens at an average price of $0.00453. Its profit surged from $141.5 to $77,500, representing a return rate of 54,661%.
Whale Redeems 300,000 SOL and Transfers to Binance, Worth $26.07 Million
According to Odaily, as monitored by crypto analyst Yu Jin (EmberCN), over the past half hour, a SOL staking whale redeemed 300,000 SOL and transferred it all to Binance, worth approximately $26.07 million.
Data: Solana, Mantle, and BSC ranked top three for net cross-chain bridge inflows over the past 7 days
According to DefiLlama data, Solana’s cross-chain bridges recorded a net inflow of $553.16 million over the past seven days, ranking first among all public blockchains. Mantle and BSC followed, with net inflows of $367.34 million and $224.11 million, respectively.
Bless project team cross-chains 100 million BLESS to SOL and sells on BSC chain
according to on-chain analyst Ember's monitoring, the Bless project team today cross-chained 100 million BLESS to SOL to the BSC chain and sold them. Since the recent surge in BLESS, the Bless project team address has sold a total of 500 million BLESS ($5.09 million): 200 million were transferred to Bitget for sale, and 300 million were dumped on the BSC chain.
Curve Founder Calls on DeFi Industry to Establish Unified Security Standards to Reduce Centralized Single Points of Failure
Michael Egorov (@newmichwill), founder of Curve Finance, posted that recent security incidents in the DeFi space—triggered by centralized failure points—have occurred frequently and severely damaged the industry’s reputation. Citing examples such as Aave users being unable to withdraw funds following the rsETH exploit and the LayerZero cross-chain bridge hack, he emphasized that problems must be prevented *before* they occur—not addressed only after damage is done. He called on the industry to jointly establish DeFi security standards, proposing that the Ethereum Foundation and Solana Foundation take the lead in collaborating with projects across ecosystems, auditing firms, and risk-assessment teams to develop principles and specifications for secure system design—and suggesting that lessons could be drawn from traditional finance’s approaches to safeguarding centralized nodes.
Orca Responds to Vercel Security Incident: Frontend Credentials Rotated, On-Chain Funds Unaffected
According to an official announcement by Orca, Vercel—the frontend hosting provider for Solana’s liquidity protocol Orca—recently experienced a security incident involving unauthorized access to its internal systems. Orca stated that, as a precautionary security measure, it has proactively rotated all keys and deployment credentials potentially compromised in the incident. Orca emphasized that this incident affected only the frontend hosting layer; the on-chain protocol and user funds remain unaffected. The team is currently monitoring the situation closely and will provide timely updates.
Circle Faces Class-Action Lawsuit for Failing to Freeze Stolen Funds from Drift Protocol
According to Cointelegraph, stablecoin issuer Circle faces a class-action lawsuit in the U.S. District Court for the District of Massachusetts for failing to freeze stolen funds during the Drift Protocol hack on April 1. Plaintiffs allege that attackers transferred approximately $230 million worth of USDC from Solana to Ethereum via Circle’s cross-chain transfer protocol (CCTP) within hours—and that Circle failed to intervene. The lawsuit accuses Circle of aiding and abetting conversion and of negligence. Cryptocurrency analytics firm Elliptic previously suspected the attack may be linked to North Korea–backed hackers; the stolen funds were subsequently converted into ETH and laundered through Tornado Cash.
Tether to contribute up to $127.5 million to aid data recovery following the Drift exploit incident
According to CoinDesk, Drift Protocol—the largest decentralized perpetual futures exchange on Solana—announced it has secured up to $147.5 million in funding from Tether and its partners (including $127.5 million from Tether and $20 million from other partners) following a hack that stole over $270 million. The funds will be used to restore user assets and relaunch the protocol. The attack was carried out on April 1 by a North Korea–linked group that had posed as a quantitative trading firm and infiltrated the protocol for approximately six months, causing the DRIFT token’s value to plummet roughly 70%. The funding structure combines revenue-linked credit, ecosystem subsidies, and market-maker loans, aiming to cover approximately $295 million in user losses. Upon relaunch, the protocol will replace USDC with USDT as its core settlement layer; Tether will simultaneously provide fee waivers, user incentives, and liquidity support.
Blockworks completes Series A extension funding at $192 million valuation, betting on the integration of crypto data and information infrastructure
Blockworks has announced the completion of a Series A extension funding round, achieving a post-money valuation of $192 million. The round was co-led by ParaFi Capital and Reciprocal Ventures, with support from Coinbase Ventures, MoonPay Ventures, and several other institutions and industry participants. The funding also attracted investments from over 20 founders and operators of ecosystem projects including Solana, LayerZero, Arbitrum, and Kraken, though the specific amount raised has not been disclosed.The company stated that while the crypto market has grown to a trillion-dollar scale lacking traditional capital market infrastructure, it still faces issues such as fragmented data, inconsistent disclosure standards, and a lack of investor communication mechanisms. Blockworks aims to fill this gap through a "data + disclosure + investor relations" tripartite architecture. (CNBC)
Israel approves first regulated stablecoin pegged to the Shekel
the Israel Capital Market Authority has approved Bits of Gold to issue the country's first shekel-pegged stablecoin, BILS. The token is a regulated asset launched by Bits of Gold after a two-year evaluation and pilot program, with support from the Solana network, Fireblocks, and Ernst & Young. Bits of Gold stated that bringing the shekel on-chain aims to position it alongside currencies such as the euro, the Japanese yen, and the Singapore dollar, which have already entered the blockchain financial system. Currently, the stablecoin market size has exceeded $300 billion. This issuance aims to address the dominance of dollar-pegged tokens in on-chain payments and safeguard digital sovereignty.
Bybit Alpha and Byreal Have Launched AAVE Trading
It is reported that Bybit Alpha and Byreal have now launched $AAVE trading, with the current price on the Solana blockchain at $97. AAVE has previously completed its cross-chain migration to the Solana mainnet.
An address purchased 10.46 million SCAM tokens early, achieving a return rate of 54,661%.
According to on-chain analyst Ai Aunt (@ai 9684xtpa), the address 9Dq1k…JEvCp purchased 10.46 million tokens just 1 minute and 30 seconds after the SCAM deployment, spending a total of 1.7 SOL at an average cost of $0.00001352 per token. Over the past 10 hours, this address sold the related tokens at an average price of $0.00453. Its profit surged from $141.5 to $77,500, representing a return rate of 54,661%.
Israeli regulators approve shekel-pegged stablecoin BILS for launch
According to Cointelegraph, Israel’s Authority for Capital Markets, Insurance, and Savings has approved the virtual asset trading platform Bits of Gold to launch BILS, a stablecoin pegged to the Israeli shekel. BILS previously completed a two-year pilot on the Solana blockchain. Per the announcement, BILS reserve assets will be held in designated, segregated accounts within Israel. This initiative is also part of the Israel Tax Authority and Ministry of Finance’s efforts to establish a regulatory framework for the crypto industry, specifically covering certain stablecoin activities.
Solana Developers Unveil Quantum Resistance Plan, Proposing Integration of Falcon Digital Signature Scheme
: The Solana Foundation has announced that its core development team, Anza, has reached an agreement with Jump Crypto's Firedancer on a potential post-quantum solution, planning to introduce a new digital signature scheme called Falcon. Although the threat of quantum computing is not expected to materialize for several years, Solana has already developed a phased upgrade roadmap. The plan includes ongoing research into Falcon and other alternatives, introducing post-quantum schemes for new wallets when necessary, and ultimately completing the migration of existing wallets. Currently, the quantum-resistant primitive Winternitz Vault, developed by Blueshift, has been operating on Solana for over two years. The Solana Foundation stated that the network's high-speed, low-latency design is compatible with such solutions and expects the migration will not significantly impact performance.
Related news
Squads completes $18 million strategic funding round led by Solana Ventures
: Solana ecosystem multi-signature protocol Squads announced the completion of an $18 million strategic funding round, led by Solana Ventures, with participation from Coinbase Ventures, Haun Ventures, L1D, and others. Its total cumulative funding has now reached $42.9 million. According to reports, Squads' stablecoin payment platform Altitude allows enterprises to conduct 24/7 global payment settlements in stablecoins through self-custodial wallets, and connects to the global payment network via its compliance and risk control system. (The Block)
Squads, a Solana ecosystem multisig protocol, announced it has completed an $18 million strategic funding round led by Solana Ventures.
According to The Block, Squads, a multi-signature protocol in the Solana ecosystem, has announced the completion of an $18 million strategic funding round led by Solana Ventures, with participation from Coinbase Ventures, Haun Ventures, L1D, and others. This round is an equity financing, bringing Squads’ total funding to $42.9 million. Squads will use the funds from this round to expand its stablecoin-based corporate finance platform, Altitude.
Blockworks completes Series A extension funding at $192 million valuation, betting on the integration of crypto data and information infrastructure
Blockworks has announced the completion of a Series A extension funding round, achieving a post-money valuation of $192 million. The round was co-led by ParaFi Capital and Reciprocal Ventures, with support from Coinbase Ventures, MoonPay Ventures, and several other institutions and industry participants. The funding also attracted investments from over 20 founders and operators of ecosystem projects including Solana, LayerZero, Arbitrum, and Kraken, though the specific amount raised has not been disclosed.The company stated that while the crypto market has grown to a trillion-dollar scale lacking traditional capital market infrastructure, it still faces issues such as fragmented data, inconsistent disclosure standards, and a lack of investor communication mechanisms. Blockworks aims to fill this gap through a "data + disclosure + investor relations" tripartite architecture. (CNBC)
Prediction market trading volume exceeded $25.7 billion in March, driven by retail dominance with crypto becoming the primary entry point
data shows the total trading volume of prediction markets in March 2026 reached $25.7 billion, a month-over-month increase of 10.6%. Trading activity is highly concentrated among small-scale retail users. Among the 1.29 million wallets tracked in the first quarter, 82.3% of users had a trading volume of less than $10,000. The growth primarily came from micro, light, and moderately active user groups, with the overall market exhibiting a structural characteristic of "high-frequency participation, low single-order value."Crypto assets serve as the primary entry point for prediction markets, accounting for 39.6% of micro-user activity. Among these, Bitcoin-related event contracts attracted approximately 593,000 users in the first quarter, with a trading volume of $5.42 billion, making it the most actively participated crypto prediction market. Ethereum and Solana recorded trading volumes of $1.19 billion and $420 million, respectively.By asset class structure, sports markets ranked first with a trading volume of $10.1 billion, followed by political markets ($5 billion), of which geopolitical-related markets accounted for $2.41 billion. The overall trading volume for crypto-related markets reached $7.3 billion.Analysts believe that the growth of prediction markets is primarily driven by "category expansion" rather than an increase in single-order size. Micro users were active for an average of 2.5 days and participated in 1.45 categories, while medium users' activity increased to 9.9 days and participation in 2.34 categories. This indicates that users are transitioning from single-speculation to sustained multi-market participation. (The Block)
GSR Launches Crypto Core3 ETF, an Exchange-Traded Fund Focused on Crypto Assets
GSR has launched the Crypto Core3 ETF, an exchange-traded fund focused on the three core crypto assets: Bitcoin, Ethereum, and Solana. The product employs a weekly rebalancing strategy to dynamically adjust the weight of each asset, while also introducing staking yields for the Ethereum and Solana portions. GSR has currently submitted applications for five ETFs and plans to continue expanding its product matrix to further refine its crypto asset investment offerings. (Coindesk)
A whale deposited SOL withdrawn from Kraken 11 months ago into Binance, facing an unrealized loss of $17.62 million
According to Onchain Lens monitoring, a whale deposited 211,694 SOL into Binance today, worth $177,700. The whale withdrew 200,010 SOL from Kraken 11 months ago, when it was worth $353,900. Based on current prices, the whale is facing a loss of $17.62 million.