Foundation Capital has raised $600 million for its 11th fund, focusing on early-stage startups in sectors like crypto, fintech, and AI. The firm, an early investor in Solana Labs, emphasizes backing founders before revenue generation, with 80% of investments occurring at this stage. The new fund is 20% larger than its previous one, reflecting its commitment to emerging technologies.
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Solana Faces Challenges Below Two Hundred Amid Community Concerns and Scams
Solana (SOL) is struggling to maintain levels above $200, currently down nearly 13% over the past month, with bearish indicators suggesting ongoing challenges. If SOL fails to hold the $187 support, it could drop to $175, while a breakout above $209 could lead to a rally toward $244. Concerns about scams within the ecosystem have emerged, particularly following the controversial launch of the LIBRA meme coin, prompting discussions about the network’s future and the need for better regulation.
read moreCoinbase CEO Apologizes for Solana Transaction Delays and Promises Improvements
Coinbase CEO Brian Armstrong has apologized for significant delays in Solana transactions, which were exacerbated by a surge in activity linked to new memecoins associated with Donald Trump. He acknowledged the platform’s shortcomings and committed to enhancing support for Solana, promising improvements in infrastructure and transaction processing. Despite a 30% reduction in delays, users may still experience wait times of up to 24 hours as Coinbase collaborates with the Solana Foundation to address these issues.
read moreCoinbase Faces Delays in Solana Transactions Amid Increased Activity
Coinbase is addressing significant delays in processing Solana transactions, with users reporting wait times of over 10 hours for withdrawals and deposits. CEO Brian Armstrong acknowledged the issue, attributing it to unprecedented transaction activity, while emphasizing that customer funds remain secure. The exchange is collaborating with the Solana Foundation to enhance its infrastructure for improved transaction speeds.
read moreCoinbase Faces Delays as Solana Network Congestion Surges from Memecoin Launches
Coinbase users faced significant delays in Solana transactions due to network congestion following the launch of memecoins by Donald Trump and Melania Trump. CEO Brian Armstrong acknowledged the unexpected surge in activity, while Solana infrastructure provider Helius clarified that the delays were primarily related to Coinbase’s processing times, not the Solana network itself. Despite these issues, Solana maintained 100% uptime over the past 90 days.
read moreInsights on Solana’s Future and Market Dynamics from Industry Leaders
Anatoly Yakovenko, co-founder of Solana, emphasizes that “execution is the only moat” in the competitive blockchain landscape, advocating for a focus on hiring tech-savvy individuals to drive rapid feature development. Discussions also highlight the complexities of market dynamics, the impact of SOL’s inflation on stakers versus non-stakers, and the need for new market categories rather than direct competition among blockchains. Rune Christensen expresses skepticism about the viability of futarchy in DAO governance, suggesting that effective decision-making requires knowledgeable leadership.
read moreSolana Whale Unstakes 30 Million Dollars Amid Market Correction
A Solana validator unstaked 200,000 SOL, valued at $30 million, and deposited it to Binance, raising concerns about potential price drops. This follows a previous selloff of 1.2 million SOL that caused a significant price decline. Despite a recent 9% price increase and neutral market sentiment, caution is advised as trading volume has decreased by 33%. In a separate development, Worldpay plans to become a blockchain validator to enhance its understanding of digital transactions, having processed $1.3 billion in stablecoin transactions in 2024.
read moreSolana Mobile Unveils Seeker Phone with Airdrop Incentives and Features
Solana Mobile has announced its second phone, the Seeker, set for a 2025 release, featuring a native wallet and enhanced specifications. With over 140,000 pre-orders already, the phone aims to leverage airdrop excitement, including a Genesis Token NFT for users, to drive sales and engagement in the Solana ecosystem.
read morePhoto Finish Live Launches Solana Derby and Interactive Betting Experience
Photo Finish Live has announced the inaugural Solana Derby, a virtual horse racing event set for September 21 at Solana Breakpoint in Singapore. The event will feature sixteen horses owned by notable figures in the Solana community, including co-founders Raj Gokal and Anatoly Yakovenko. In addition to the race, an interactive experience showcasing off-track betting will allow attendees to select horses and receive NFTs, highlighting the potential of integrating traditional betting with Web3 technology.
read moreSolana Price Surge Expected Ahead of Breakpoint Conference in September
As the Breakpoint event approaches on September 20-21 in Singapore, analysts predict a potential surge in Solana’s price, historically averaging a 62% increase during this conference. Currently trading at $135, projections suggest it could reach approximately $213.3, a level not seen since December 2021. The event will feature prominent speakers and aims to strengthen the Solana ecosystem, with past rallies indicating a bullish trend leading up to the conference.
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