South Korea’s largest cryptocurrency exchange Upbit has suffered a major security breach resulting in approximately $36 million in losses from compromised Solana network assets. The exchange detected irregular transfers from a hot wallet address on November 27, 2025, prompting immediate security measures including moving remaining funds to cold storage. Dunamu CEO Oh Kyung-seok has committed to fully reimbursing all affected customers using company assets, ensuring no financial impact to users despite the significant breach occurring during a critical corporate transition period.
about Upbit Loses $36M in Solana Hack, Vows Full Reimbursement
JTO
Crypto Weekly: Ripple’s $1B Buyback, Trump’s $1B Profit
This week witnessed major moves in the crypto space, from Ripple Labs planning a $1 billion XRP buyback to revelations about the Trump family’s $1 billion crypto profits. Meanwhile, regulatory developments and significant investments continue to shape the digital asset landscape.
about Crypto Weekly: Ripple's $1B Buyback, Trump's $1B Profita16z Invests $50M in Solana’s Jito Protocol at $800M Valuation
Andreessen Horowitz’s crypto investment arm, a16z, has committed $50 million to Jito, a leading liquid staking protocol on the Solana network, valuing the project at approximately $800 million. This landmark investment represents one of the most significant late-stage financings in the Solana ecosystem and signals strong institutional confidence in liquid staking technology despite ongoing regulatory scrutiny. The deal involves a16z receiving JTO tokens at a discounted rate in exchange for long-term alignment with the protocol’s development.
about a16z Invests $50M in Solana's Jito Protocol at $800M Valuationa16z Invests $50M in Solana’s Jito Amid US Regulatory Scrutiny
Andreessen Horowitz’s crypto division has made a $50 million strategic investment in Jito, a key liquid staking protocol on the Solana network. The move comes as US regulators begin providing clarity on how staking products fit within securities law frameworks. This investment significantly deepens a16z’s exposure to Solana’s growing DeFi ecosystem and signals strong institutional confidence in the network’s future despite ongoing regulatory uncertainty.
about a16z Invests $50M in Solana's Jito Amid US Regulatory ScrutinyCrypto Unlocks: $790M Token Flood Hits SOL, AVAX, DOGE
Cryptocurrency markets are bracing for a significant supply shock as over $790 million in digital assets are set to unlock between September 15-22, with major projects including Solana, Avalanche, and Dogecoin leading the token flood. This unprecedented wave of newly circulating tokens arrives during a period of remarkable price rallies, creating a critical test for market resilience and investor sentiment as analysts debate whether the unlocks will dampen current momentum or represent healthy market maturation.
about Crypto Unlocks: $790M Token Flood Hits SOL, AVAX, DOGESolana TVL Hits Record $12.1B Amid Institutional Surge
Solana achieved a new all-time high of $12.11 billion in total value locked on September 9, surpassing its previous record and marking a 15% monthly increase. The growth was driven by strong performance across Solana’s largest DeFi protocols, with seven of the eight billion-dollar protocols posting double-digit gains. Jupiter leads with $3.3 billion TVL, followed closely by Jito and Kamino. Concurrently, institutional interest is surging, highlighted by Forward Industries’ $1.6 billion SOL investment and multiple ETF filings, including products from VanEck/Jito and Canary/Marinade. Regulatory developments, particularly the SEC’s August statement that liquid staking tokens are not securities by default, have created favorable conditions for staking-enabled ETF approvals, positioning Solana as a top blockchain ecosystem rivaling Ethereum L2s like Base ($4.8B TVL).
about Solana TVL Hits Record $12.1B Amid Institutional SurgeCanadian Firm Boosts Solana with SER Initiative & JTO Investment
SOL Strategies, a publicly traded Solana infrastructure firm, has acquired 52,181 JTO tokens as part of its newly launched Strategic Ecosystem Reserve (SER). The SER aims to support critical Solana projects, beginning with Jito Network, known for its MEV infrastructure and staking innovations. Despite the announcement, JTO and SOL prices dipped slightly, with JTO falling 2.1% to $1.92 and SOL dropping 1.12% to $142. Meanwhile, Solana continues gaining traction, with Filecoin archiving its blockchain history and multiple asset managers, including Invesco and Galaxy Digital, vying for a spot SOL ETF. Solana’s ecosystem has seen record revenue and developer activity in 2025.
about Canadian Firm Boosts Solana with SER Initiative & JTO Investment