Solana News in Nigeria

The post Upbit freezes Solana withdrawals after $38mln exploit – What we know appeared on BitcoinEthereumNews.com. Key Takeaways Which assets were affected in the hack? SOL, USDC, and several DeFi and meme tokens, including BONK, JUP, RAY, RENDER, ORCA, and PYTH. How did Upbit respond? The exchange froze Solana-related services, launched a security audit, and pledged to fully compensate all user losses. Upbit, South Korea’s largest crypto exchange, has been hit by a major security scare after detecting unauthorized withdrawals worth roughly 54 billion KRW ($36–38 million) in Solana-based assets. ‘We will cover the entire loss’ The funds moved to an unidentified external wallet, prompting an immediate freeze on all Solana deposits and withdrawals. The incident, confirmed by Upbit on the 27th of November, marks one of the most significant wallet compromises the platform has faced. Of course, it raises new questions about security across one of the country’s biggest trading hubs. Remarking on which the team noted, “We immediately identified the extent of the digital asset outflow caused by the abnormal withdrawals and will cover the entire amount with Upbit assets to ensure no damage to members’ assets.” Upbit’s immediate response to the breach was swift and defensive. The exchange suspended all deposits and withdrawals across the Solana [SOL] network to prevent further outflows while it carried out a full security audit. On top of that, investigators began tracing the stolen assets across Solana-based tokens. Tokens affected across Solana ecosystem Alongside SOL and USDC, the attackers also drained popular DeFi and meme tokens such as Bonk [BONK], Jupiter [JUP], Raydium [RAY], Render [RENDER], Orca [ORCA], and Pyth Network [PYTH]. The breadth of affected tokens suggested direct exposure of Upbit’s hot-wallet infrastructure, which manages real-time withdrawals and active trading liquidity. However, the exchange said it successfully froze some assets, including a tranche of Solayer during on-chain response efforts. Solana price action Despite the scale of the…

TLDR Franklin Templeton filed SEC Form 8-A for a potential Solana ETF, giving investors regulated exposure to SOL without direct crypto purchases. Solana is trading at $136.37, up 1.23% in 24 hours, with RSI at 39.69 suggesting selling pressure may ease. Strong resistance exists at $142 where approximately 13 million SOL tokens were accumulated based [...] The post Solana (SOL) Price: Franklin Templeton Files SEC Form for Potential ETF Launch appeared first on CoinCentral.

PANews reported on November 27th that, according to Beosin Trace analysis, Upbit experienced an abnormal outflow of approximately $36 million (about 54 billion Korean won) worth of crypto assets from the Solana network, and some of the funds have already begun to be transferred. Among them, a Binance exchange user address (2zRELfpr2KUyLoCAbo9KDTFFNXTP3JjFE3GZLxAgC2S8) received the abnormally outflowed $SOL from Upbit from multiple intermediary addresses after the incident, currently receiving a total of 2202.72 $SOL (worth approximately $315,000). Earlier today, it was reported that Upbit had stolen approximately 54 billion won worth of assets from its Solana network and had suspended access to the site for a full investigation .

The post Best Crypto To Invest In as Solana (SOL) Dips Hard appeared on BitcoinEthereumNews.com. The state of the crypto market currently encompasses two different opportunities. One such opportunity encompasses Solana (SOL), which is currently plummeting to critical levels not seen in several months. The other opportunity encompasses Mutuum Finance (MUTM), whose presale transactions are gaining momentum towards completing a full sale. The unfolding events features MUTM as one of the best cryptos to invest in for those seeking to invest in high-growth returns amidst current market uncertainties. The swift progression of Mutuum Finance presale stages demonstrates relevant momentum to make it a viable choice amidst risks associated with SOL’s performance in the market. SOL Patterns Bearish Technical Pattern Solana faces increased sell momentum with current pricing around $127 and proximity to its $123 support level, which it has yet to test in over seven months. Technical analysis shows it may be seeing a Death Cross pattern formance occur where shorter-term exponential averages cross below longer-term amounts, typically acting as strong eminent signals of trend continuation via strong downtrends.  Historically speaking, such events have shown to cause SOL to dump 59% from its highs potentially plummeting SOL to $98. Currently, Solana altcoin is down 47% from its last peak; realized gains/losses reached lows not seen since June 2023. Though conditions have decreased investor trust lately, there’s one reason to be optimistic about Solana’s continuance; if its Net Realized Profit & Loss Ratio test below 0.1 levelers have seen past breakouts result in market trend changes.  MUTM Presale Close to Full Distribution Despite market fluctuations in Solana, Mutuum Finance (MUTM) shows considerable resilience as it reaches over 95% allocation in its Phase 6 presale stage and draws to completion. The community has registered $19,000,000 from more than 18,200 contributors for this new crypto market entry. The tokens sell for $0.035; however, this pricing tier will come…

The post Solana ETF Logs 21-Day Inflow Streak Before First Outflow appeared on BitcoinEthereumNews.com. Solana spot ETFs achieved 21 consecutive days of positive net inflows before recording a modest net outflow on November 26. Cumulative flows reached $613 million, and total net assets are close to $918 million. Daily inflows, consistently in the multi-million-dollar range, highlight strong and steady institutional demand despite recent volatility. This remarkable streak aligns with major institutional actions such as Franklin Templeton’s upcoming ETF launch and accelerated accumulation by current providers. Sponsored Record Inflow Streak Defies Market Volatility Solana ETFs, which began trading in late October 2025 following SEC approval, have maintained a notable inflow pattern. SoSoValue data shows $53.08 million in net inflows on November 25 and $57.99 million on November 24. However, the streak paused on November 26, when Solana ETFs posted an $8.10 million net outflow—the first negative reading since October 28. This consistency stands out even as SOL’s November price performance has been mixed. As of reporting hours, SOL was trading at $142.93. Institutional investors appear undeterred by short-term price swings. This mirrors early Bitcoin ETF launches, during which institutional buying remained steady despite fluctuations. US SOL Spot ETF Inflow/Outflow. Source: SoSoValue The Bitwise Solana Staking ETF (BSOL) has become a key avenue for institutional exposure. Based on official Bitwise announcements, BSOL exceeded $500 million in assets under management in the first 18 days. The fund currently holds 4.31 million SOL, valued at about $587 million. On-chain data provides additional insight into these accumulation patterns. Recently, Bitwise withdrew 192,865 SOL ($26.39 million) from Coinbase—part of a broader pattern of exchange outflows into ETF custody wallets. These movements transparently confirm institutional buying. Sponsored Franklin Templeton Entry Signals Expanding Institutional Interest Franklin Templeton, which manages $1.7 trillion in assets, has filed for a Solana spot ETF. Featuring a competitive 0.19% management fee, this development has added momentum to…

The post Franklin Templeton Files Form 8-A for Potential Solana ETF Launch on NYSE Arca appeared on BitcoinEthereumNews.com. Franklin Templeton’s Solana ETF, ticker SOEZ, is set to debut on NYSE Arca after the firm’s Form 8-A filing with the SEC, signaling imminent trading and providing investors direct exposure to SOL tokens through a regulated product with a low 0.19% fee. Franklin Templeton filed Form 8-A for its Solana ETF, often the final step before trading begins on an exchange. The SOEZ ETF tracks SOL directly, features a 0.19% management fee, and waives fees on the first $5 billion in assets until May 31, 2026. Recent launches of other Solana ETFs by firms like VanEck and Fidelity highlight growing investor demand, with steady inflows amid market volatility. Discover how Franklin Templeton’s Solana ETF filing paves the way for SOEZ trading on NYSE Arca, offering direct SOL exposure. Stay updated on crypto ETF trends and investment opportunities today. What is the Franklin Solana ETF and When Will It Launch? The Franklin Solana ETF, trading under the ticker SOEZ on NYSE Arca, is a passive investment product that provides direct exposure to Solana’s SOL token by holding the cryptocurrency itself. Franklin Templeton, managing over $1.66 trillion in assets, filed a Form 8-A with the U.S. Securities and Exchange Commission (SEC) on November 25, 2025, which typically precedes the start of trading by one day. This filing registers the ETF under the Securities Exchange Act of 1934, marking a key regulatory milestone after previous delays in the approval process. How Does the Form 8-A Filing Impact Solana ETF Trading? The Form 8-A filing represents the final regulatory hurdle for the Franklin Solana ETF before it becomes eligible for exchange trading. According to SEC guidelines, this document activates the ETF’s registration statement, allowing shares to be listed and traded publicly. In the ETF industry, this step is widely viewed as the “green light”…

The post Arc Miner Launches Multi-Asset Cloud Mining Contracts Featuring XRP, SOL, and DOGE appeared on BitcoinEthereumNews.com. Newcastle upon Tyne, England (PinionNewswire) — In November 2025, the UK-based cloud mining platform Arc Miner announced the launch of a new XRP mining contract, allowing users to start mining directly with XRP and earn daily rewards without needing to convert the currency. This expands the application scope of XRP and improves the efficiency of its asset value utilization. Faced with growing institutional interest and diversified mining needs, Arc Miner’s move signifies a further maturation of the XRP ecosystem. The contract is now available globally, and XRP holders can participate immediately. XRP is no longer just a transfer tool, but also an asset appreciation tool. “More and more XRP users are looking for more flexible ways to participate in the crypto ecosystem,” said an Arc Miner spokesperson. “We offer a zero-technical-barrier solution that allows anyone to easily participate in building blockchain infrastructure.” XRP was created by Ripple Labs, initially focusing on high-speed, low-cost transactions. Now, with the integration of cloud mining technology, XRP’s use cases are expanding into a more diverse future. How to start mining Register for an Arc Miner account and receive a $15 bonus instantly. Choose a mining plan: Select one based on your budget and target contract. Start mining: The system runs automatically; simply wait for your earnings to be credited to your account. Currently, Arc Miner supports cloud mining contracts for major cryptocurrencies such as BTC, DOGE, USDT, SOL, and XRP. The platform utilizes clean energy data centers deployed in multiple locations worldwide to achieve 24/7 operation, ensuring stability while adhering to green environmental protection principles. The platform offers transparent earnings data and flexible contract terms, allowing users to customize their contracts according to their financial goals and risk tolerance. Whether you’re a cloud mining novice or a seasoned investor, Arc Miner provides a suitable contract solution to…

The post SOL Tests Key Support at $137 as Technical Indicators Signal Potential Reversal appeared on BitcoinEthereumNews.com. Joerg Hiller Nov 26, 2025 14:26 Solana trades at $137.10 with modest 0.9% gains as technical analysis reveals mixed signals between bullish MACD divergence and bearish moving average structure. Quick Take • SOL trading at $137.10 (up 0.9% in 24h) • Trading on technical factors in absence of major catalysts • Testing pivot point support around $137 level • Following Bitcoin’s modest upward momentum Market Events Driving Solana Price Movement No significant news events have emerged in the past 48 hours to drive substantial SOL price movement. The current trading action reflects technical positioning as traders navigate between key support and resistance zones. The absence of major catalysts has left Solana’s price action primarily dependent on broader cryptocurrency market sentiment and technical chart patterns. Bitcoin’s modest gains today are providing some tailwind for altcoins including Solana, though SOL price remains constrained by overhead resistance from declining moving averages. The lack of fresh fundamental drivers has traders focused on technical levels and correlation plays with the broader crypto market. SOL Technical Analysis: Consolidation Phase with Mixed Signals Price Action Context SOL price currently sits below all major moving averages, with the 20-day SMA at $143.19 acting as immediate resistance. The token is trading near its pivot point of $136.97, suggesting a critical decision point for near-term direction. Despite Bitcoin’s positive momentum, Solana technical analysis reveals the asset remains in a corrective phase from its recent highs. Trading volume of $433 million on Binance spot indicates moderate institutional interest, though well below levels seen during major breakout moves. The current positioning suggests consolidation rather than accumulation ahead of a significant move. Key Technical Indicators The daily RSI at 39.49 remains in neutral territory but closer to oversold conditions, potentially setting up for a relief…

The post Upbit’s $36M SOL Hack Hits on Naver Merger Day appeared on BitcoinEthereumNews.com. Upbit, a leading South Korean cryptocurrency exchange, identified unauthorized withdrawals totaling around 54 billion KRW ($36 million) in Solana-based assets on Thursday. The breach affected several tokens, including SOL, USDC, BONK, JUP, RAY, RENDER, ORCA, and PYTH. Stolen funds were sent to unidentified external wallets. Upbit immediately suspended deposits and withdrawals for the Solana network to limit further losses and safeguard user funds. Sponsored Sponsored Exchange Responds With Emergency Measures According to Upbit’s announcement, Upbit promptly halted all deposit and withdrawal services for Solana-based assets. The exchange began emergency inspections to assess the damage and reinforce security. Multiple urgent updates were posted on the Upbit customer center between November 26 and 27, 2025, documenting each step of their rapid response. The breach affected a broad range of Solana ecosystem tokens. Beyond SOL and USDC, the incident also impacted popular DeFi and meme tokens, including BONK, Jupiter (JUP), Raydium (RAY), Render (RENDER), Orca (ORCA), and Pyth Network (PYTH). The spread suggests attackers targeted Upbit’s hot wallet infrastructure, which handles active trading and withdrawals. Upbit immediately suspended all deposit and withdrawal services in the morning after detecting abnormal withdrawal activity, and entered an emergency inspection. The company also disclosed all wallet addresses involved in the “irregular outflow”. Security experts monitoring the breach confirmed that Upbit suspended Solana token services to protect user assets. The exchange took swift measures to prevent further losses while forensic teams investigated. However, the incident raised concerns about vulnerabilities within hot wallet systems that stay connected for operations. Sponsored Sponsored Party-Spoiler Ruins Dunamu–Naver Merger Celebration The incident occurred on the same day that Dunamu, the operator of Upbit, announced a plan to seize global market leadership through AI- and Web3-based collaboration with Naver, South Korea’s largest portal company. Naver and Dunamu, together with Naver Financial, plan to invest…

The post Solana Proposal May Double Disinflation Rate, Boosting SOL Scarcity but Lowering Yields appeared on BitcoinEthereumNews.com. The Solana inflation proposal, SIMD-0411, aims to double the annual disinflation rate from 15% to 30%, accelerating the reduction of SOL token issuance and reaching the 1.5% terminal rate by 2029 instead of 2032. This could avoid minting 22.3 million SOL, enhancing long-term supply scarcity while impacting staking yields. SIMD-0411 doubles Solana’s disinflation rate to 30% annually, hastening the drop to 1.5% terminal inflation. This change would reduce new SOL issuance by 20-30% yearly, promoting supply scarcity amid rising network activity. Staking yields may fall from 6% to around 2% over three years, raising concerns for validator incentives and network security. Discover the Solana inflation proposal SIMD-0411: doubling disinflation to cut SOL issuance faster. Explore impacts on staking, scarcity, and ecosystem security. Stay informed on this pivotal tokenomics shift. What is the Solana Inflation Proposal? The Solana inflation proposal, known as SIMD-0411, is a community-driven initiative to revise the network’s token issuance schedule by accelerating disinflation. Currently, Solana reduces its inflation rate by 15% each year, but SIMD-0411 proposes doubling this to 30% annually until reaching the long-term target of 1.5%. This adjustment aims to align Solana’s economics with high-usage, low-inflation models like Ethereum, potentially avoiding the minting of over 22.3 million SOL by 2031. How Will the Solana Disinflation Change Affect Staking Yields? The proposal would significantly alter staking rewards for SOL holders and validators. Under the current schedule, staking yields stand at about 6% annually, but SIMD-0411 could lower them to 5% in the first year, 3.5% in the second, and just over 2% by the third year. This gradual reduction stems from decreased token issuance, as the network shifts reliance toward transaction fees for validator incentives. According to modeling in the Solana Improvement Documents repository, this could enhance overall network efficiency but might challenge smaller validators who…