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In another market swaying move, Galaxy Digital has acquired 2.31 million Solana tokens worth $536 million. The move comes at a time when Solana has been constantly rising, even surpassing BNB’s market capitalization. According to Arkham Intelligence, the tokens were moved from wallets on Binance, Bybit, and Coinbase to Galaxy.
A new malware strain called the ModStealer has become another nightmare for crypto wallets. The malware has the ability to bypass antivirus engines, and steal crucial crypto data. ModStealer banks of recruiter advertisements to enter a dedicated device and steal crucial information. Supporting remote code execution, clipboard hijacking, and data exfiltration, the malware is compatible with Windows, Linux, and macOS.
The appeal hearing for former FTX CEO Sam Bankman-Fried is scheduled for November 4, nearly two years after he was sentenced to 25 years in jail. Once a crypto billionaire, the industry was horrified by the loss of his fortune. His legacy and biography may now change as a result of the hearing.
The Nasdaq-listed enterprise Forward Industries has raised $1.65 billion via a private placement. The move will contribute to the establishment of the largest corporate treasury based in Solana. This comes as major organisations are placing bets on the blockchain’s future and its potential to transform digital finance.
Changpeng Zhao (CZ) highlights that accepting innovation is the key to economic growth. CZ in his latest statement said that innovation is likely to create new enterprises and opportunities. He cautions that policies that shelter local sectors or restrict trade, known as protectionism, can hurt citizens by limiting their options and driving up costs. To put it briefly, advancement flourishes when invention takes the lead.
U.S. consumer prices rose 2.9% in August, up from July’s 2.7%, according to the latest CPI data from the Bureau of Labour Statistics. The increase matches Bloomberg analyst expectations and highlights the ticking up inflation in the states. However, the number is still higher that the Federal Reserve’s 2% estimate. Today’s data highlights persistent challenges ahead of next week’s high-stakes interest rate decision. Core inflation remained steady at 3.1%, showing underlying price pressures persist even as headline figures fluctuate. The Fed will need to weigh these numbers carefully in its next move.
Forward Industries has raised $1.65 billion in private funding, collected in both cash and stablecoins. The move comes as a measure to back the firm’s new Solana ($SOL) treasury project. The move is aimed at strengthening the company’s ecosystem and giving the it more flexibility in how it manages digital assets.
The memecoin launchpad BONK.fun unveiled the rollout of USD1 trading pairs. The move comes as part of “Project Wings,” a new initiative developed in partnership with World Liberty Financial. A number of blockchains, including Ethereum, BNB Smart Chain, Solana, and Tron, as well as Binance, Coinbase, Kraken, KuCoin, HTX, Gate, Bitrue, MEXC, and others, have already made USD1 available.
The U.S. Securities and Exchange Commission has once again halted important crypto ETF rulings. The cryptocurrency market is keeping a close eye on the regulator’s decision to postpone approving Ethereum staking bids from major financial firms including Franklin Templeton, Fidelity, and BlackRock.
Scroll DAO has briefly halted governance, leaving certain initiatives in limbo. The move comes after important officials, including head Eugene, resigned. The team claims to be revamping governance, but the specific strategy is still unclear. Scroll’s zkEVM ecosystem is continuing expanding despite the uncertainties, with over $185M in vaults.
