According to Odaily, the SOL ecosystem has seen a short-term increase due to the influence of CPI news. The data from Coingecko shows that SOL has experienced a 24-hour increase of 8.45%, with its current price standing at 160.07 USDT. In addition, other cryptocurrencies within the SOL ecosystem have also seen a rise. JUP has seen a 24-hour increase of 9.88%, with its current price at 0.9993 USDT. GPT has experienced a 24-hour increase of 9.12%, with its current price at 0.2655 USDT. RAY has seen a 24-hour increase of 8.41%, with its current price at 1.5458 USDT. Lastly, PYTH has experienced a 24-hour increase of 8.28%, with its current price at 0.4126 USDT. These increases in the SOL ecosystem are indicative of the influence of CPI news on the cryptocurrency market.

According to Odaily, Solana Labs, the company behind Solana, has launched a technology stack and 'white glove service' for businesses wishing to initiate customer loyalty programs on the blockchain. The recently launched customer loyalty platform, Bond, is the third product developed by Solana Labs. The other two products are GameShift, which aids game developers in creating Web3 games, and Solana Mobile, which is currently accepting pre-orders for its second-generation Solana integrated smartphone. Bond is a significant addition to Solana Labs' portfolio, demonstrating the company's commitment to leveraging blockchain technology for diverse applications. The platform aims to provide businesses with a robust and secure infrastructure for implementing customer loyalty programs. This move is expected to revolutionize the way businesses engage with their customers, offering a more transparent and efficient system for rewards and loyalty programs. In addition to Bond, Solana Labs has also developed GameShift and Solana Mobile. GameShift is a platform designed to assist game developers in creating Web3 games, a growing trend in the gaming industry. On the other hand, Solana Mobile is a smartphone integrated with Solana, and the company is currently accepting pre-orders for its second-generation device. This product line showcases Solana Labs' dedication to expanding the use of blockchain technology beyond traditional financial applications, into areas such as gaming and mobile technology.

According to BlockBeats, Solana's decentralized exchange (DEX) project, Zeta Markets, announced on June 12 that it would be changing its token symbol from 'Z' to 'ZEX'. The company stated that its primary task is to have a code that is easy to identify and accurately represents the current and future essence of the project, including the launch of the ZX rollup. They believe that 'ZEX' is the perfect choice and consider it to have significant meme potential.

According to Odaily, Ansem, a well-known trader of Solana, has agreed to participate in a boxing match with internet celebrity Andrew Tate. The match is set to take place on December 6th of this year during the Crypto Fight Week event in Dubai. This event is a unique blend of the digital currency world and the physical sport of boxing, attracting participants and spectators from both arenas. Further details about the match and the event are yet to be disclosed.

According to Foresight News, Solana-based startup TipLink has launched a product suite that includes the TipLink Wallet Adapter. This service is designed to cater to new blockchain users. The TipLink Wallet Adapter has created an in-browser wallet linked to Google accounts, allowing new users to receive tokens without the need for installing a plugin wallet. In addition to this, the TipLink Pro service assists developers in distributing their cryptocurrency to hundreds or thousands of users through active links. This innovative approach aims to simplify the process for both new users and developers in the blockchain and cryptocurrency space.

According to Odaily, the Modular General Abstract Layer, XION, has announced its implementation on the Solana chain through the Picasso Network. This development follows the previous announcement by Composable Finance's Picasso Network, which last month declared the successful implementation of the Inter-Blockchain Communication (IBC) protocol on Solana. This marked the initiation of the first minimal trust connection between several networks, including Solana, Cosmos, Ethereum, and Polkadot. The Picasso Network, under the DeFi protocol of Composable Finance, has been instrumental in facilitating this connection. The successful implementation of the IBC protocol on Solana by the Picasso Network last month was a significant milestone. It signified the first minimal trust connection between multiple networks, a crucial step in enhancing interoperability between different blockchain platforms. The recent announcement by XION about its implementation on the Solana chain via the Picasso Network further strengthens this connection. It represents a significant stride in the ongoing efforts to enhance interoperability and connectivity between different blockchain networks. This development is expected to have far-reaching implications for the blockchain industry, potentially paving the way for more seamless and efficient cross-chain transactions.

According to Odaily, Solana has issued more tokens in the past seven days than Ethereum, Base, Optimism, Blast, and Arbitrum combined in the past 11 days. A significant number of new Meme coins launched in recent months are based on Solana. Over the past month, more than half a million tokens have been issued on Solana, as indicated by the figures from June 11, which show that 549,386 new tokens were minted within 30 days. To date, there are 1.25 billion tokens based on SOL on the Solana blockchain.

According to Odaily, Anatoly Yakovenko, co-founder of Solana, has proposed a solution to the Miner Extractable Value (MEV) problem. Yakovenko suggests that the simplest way to resolve the MEV issue is to allow each user to have their own block producer (node) and produce blocks independently. This would ensure that no unexpected MEV occurs when users submit transactions. However, this is practically impossible as it is unfeasible to support tens of thousands of block producers online simultaneously, let alone achieving a global time slot of less than 100 milliseconds. So, what is the next best solution? Yakovenko believes the answer lies in maximizing competition among existing block producers and allowing users to choose which block producer they want to package their transactions. While this is still an engineering problem, it is not impossible to achieve. The more block producers scheduled per second, the shorter the wait time for users for the best packaging offer. Improvements can be made by reducing block intervals, parallel processing, faster node rotation, and more. The market will make choices regarding these issues. The crucial point is that users need to be willing to submit their transactions to this type of block auction.

According to CoinDesk, a group of Solana validators are facing financial penalties for allegedly facilitating economic attacks against cryptocurrency traders. Over the weekend, more than 30 validator operators were removed from the Solana Foundation Delegation Program, although they continue to serve as validators on the network. They are no longer eligible to receive payout boosters for validating transactions on the Solana blockchain. Many of these operators were reportedly based in Russia. This action intensifies a long-standing conflict between major players in the Solana validator ecosystem and a clandestine group of validators suspected of exploiting traders for profit through a method known as a 'sandwich attack'. This strategy involves bots front-running and back-filling trades that have not yet been executed. It is one of the most notorious maximal extractable value (MEV) strategies possible on blockchains that rely on mempools, essentially waiting rooms for unconfirmed transactions. In March, during the peak of Solana's meme coin frenzy, Jito Labs, the developer of a popular validator software, disabled the mempool function due to its role in facilitating near-constant and costly sandwich attacks. The CEO of Jito Labs justified this move as being in the best interest of the Solana ecosystem, despite it eliminating a potential revenue source for validators. However, this action did not completely eliminate the problem, but rather pushed it underground. Rumors soon surfaced about private mempools whose operators were reportedly earning hundreds of thousands of dollars by enabling sandwich attacks. Infrastructure operator DeezNode proposed offering validators who opted into its private mempool 50% of the profits generated by MEV. Jito Labs estimated on Sunday that 10% of its validator network was running private mempools. The Jito Foundation has suggested imposing additional economic penalties on these validators by further restricting staked SOL. The Solana Foundation's delegation blacklist is relatively small, targeting a total of 32 operators that together had 1.5 million SOL, about 0.5% of program stake. 'Enforcement actions are ongoing as we detect operators participating in mempools which allow sandwich attacks,' a representative for the Solana Foundation stated on Sunday.

According to U.Today, Solana is implementing significant measures to enhance the fairness and integrity of its network. The Solana Foundation recently took the unexpected step of unstaking validators found to be sharing mempool transactions. This move is part of a broader initiative to reduce Maximum Extractable Value (MEV) and maintain a trustworthy ecosystem. Several operators in the Solana Foundation Delegation Program were removed due to their involvement in sharing mempool transactions. Such actions can lead to MEV-related activities like sandwich attacks, where a malicious actor surrounds a victim's transaction to exploit price variations. The Solana Foundation's final decision to eliminate these validators is still awaiting enforcement actions. MEV is a significant issue on blockchain networks. Validators can increase their profits from blockchain transactions by rearranging, adding, or removing transactions within a block. The Solana Foundation aims to enhance network security and ensure fair transaction processing by opposing validators who engage in such activities. This makes Solana a more attractive platform and helps build trust among investors and users. There are speculations that some validators might continue with MEV procedures despite these precautions if they lack access to specialized tools like Jito. However, the Solana Foundation and its investors, who provide a substantial portion of the funding for Solana validators, have the power to influence validators' actions, potentially preventing them from executing MEV. While the foundation's decision may seem erratic in the short term, it is a clear commitment to making the network safer and more secure. The long-term benefits will result in a more transparent and trustworthy ecosystem. However, some may argue that this decision contradicts the principle of decentralization.

According to Foresight News, the Solana Foundation has announced the removal of a group of validator operators from its delegation program. This action was taken in response to their involvement in 'sandwich' attacks on Solana users. Mert Mumtaz, the co-founder of Solana RPC provider Helius, explained that this move will ensure that the foundation does not delegate to validators who carry out malicious sandwich attacks on retail users. A 'sandwich' attack is a type of malicious activity where an attacker manipulates the price of a cryptocurrency by executing trades in quick succession. This type of attack can cause significant financial loss for the targeted users. The Solana Foundation's decision to remove the implicated validators from its delegation program is a step towards safeguarding the interests of its users and maintaining the integrity of its network.

According to Odaily, Solana Status has announced the release of its Mainnet v1.18.15. The company has recommended that Mainnet Beta testers upgrade to this version. The announcement was made on platform X, where Solana Status regularly communicates updates and news to its users. The release of Mainnet v1.18.15 is a significant step for Solana Status, as it continues to improve and enhance its blockchain technology. The company has not provided specific details about the improvements or changes included in this version. However, the recommendation for Mainnet Beta testers to upgrade suggests that the new version may include important updates or fixes that could enhance the performance and reliability of the network. It's important to note that this is not the first time Solana Status has released an update for its Mainnet. The company has a history of regular updates, demonstrating its commitment to providing a robust and reliable blockchain platform. The release of Mainnet v1.18.15 is just the latest in a series of updates aimed at improving the user experience and the overall performance of the Solana network.

According to Odaily, the latest data from CryptoSlam reveals that the total sales of Non-Fungible Tokens (NFTs) on the Solana blockchain have reached $5,583,579,420. The number of NFT transactions on the network is approximately 51,089,427. The data also shows that the number of buyers on the Solana network is 3,592,903, while the number of sellers is 2,185,959. This indicates a high level of activity and interest in NFTs on the Solana blockchain. The Solana blockchain has been gaining popularity due to its high-speed and low-cost transactions, making it an attractive platform for NFT trading. The significant sales figures and transaction volume underscore the growing adoption of Solana for NFT transactions.

According to Odaily, the Solana ecosystem's TOPG token, issued by renowned KOL Andrew Tate on platform X, has surpassed stablecoin USDT in on-chain trading volume in the past 24 hours. Andrew Tate, also known as @Cobratate, is a well-known figure on platform X. His issuance of the TOPG token has evidently made a significant impact in the Solana ecosystem, as evidenced by its recent trading volume. The surpassing of USDT, a stablecoin, by TOPG in trading volume is a noteworthy event. Stablecoins are typically high in trading volume due to their stability and widespread use. This development indicates a high level of interest and activity in the TOPG token.

According to Odaily, the cryptocurrency SOL has experienced a significant drop in its value. The latest market data shows that SOL has fallen below the 160 USDT mark, currently standing at 159.88 USDT. This represents a 6.28% decrease in value over the past 24 hours. This downward trend in SOL's value is noteworthy, as it indicates a shift in the market dynamics for this particular cryptocurrency. The reasons behind this sudden drop remain unclear, but it is a significant development for investors and traders who have stakes in SOL. It is crucial for them to monitor these changes closely to make informed decisions about their investments.

According to ChainCatcher, data from DeFiLlama reveals that Solana has achieved a significant milestone in the decentralized finance (DeFi) space. On June 7, the transaction volume of on-chain decentralized exchanges (DEXs) on Solana reached $2.888 billion, surpassing Ethereum and becoming the chain with the largest transaction volume.

According to Odaily, Spiderswap, a Solana ecosystem aggregator, has made a significant announcement. The founder, known as modsiw, has declared the public availability of their API on platform X. This move is aimed at enabling developers and projects to integrate their engines into their applications, thereby fostering unity within the Solana ecosystem. Spiderswap's public API will provide developers with the necessary tools to incorporate the Solana ecosystem into their projects. This is a significant step towards the unification of the Solana ecosystem, as it allows for greater collaboration and integration among different projects. The announcement was made on platform X by modsiw, the founder of Spiderswap. This move is expected to significantly enhance the interoperability and functionality of applications within the Solana ecosystem. By providing developers with the tools to integrate their engines into their applications, Spiderswap is fostering a more unified and collaborative environment within the Solana ecosystem.

According to Odaily, the Solana network's GME24 experienced a significant increase of over 90% due to the impending Youtube live stream by Roaring Kitty. This was observed by blockchain analyst @ai_9684xtpa. On June 3rd, a smart money address AKGoP...eL642 spent 12,110 SOL to purchase 136 million GME tokens. The floating profit of this address subsequently expanded to $1.05 million. At the time of purchase, the cost of the tokens was only $0.01514 each, while the current price stands at $0.023. This indicates a substantial return on investment for the holder of the address. The surge in GME24's value is largely attributed to the anticipation surrounding Roaring Kitty's upcoming Youtube live stream. The Solana network has been gaining traction in the cryptocurrency market, and this recent surge in GME24's value further highlights its growing influence. The impact of social media influencers on cryptocurrency prices is a trend that continues to shape the market dynamics.

According to Odaily, a trader has reportedly spent 6460 SOL, equivalent to 1.1 million USD, to purchase GME and KITTY on the Solana platform. The transaction occurred two hours prior to the report. The trader spent 5000 SOL, which is approximately 850,000 USD, to buy 35.99 million GME at a price of 0.02891 USD each. Additionally, the trader spent 1460 SOL, equivalent to 248,000 USD, to purchase 8.6 million KITTY at the same price per unit. This significant transaction highlights the ongoing activity and interest in the Solana platform and the digital assets GME and KITTY. The trader's substantial investment in these digital assets underscores the continued relevance and potential value of these cryptocurrencies. The details of the trader's identity and the reasons behind this large-scale purchase remain undisclosed.

According to Foresight News, Jito has announced a new partnership with Phantom. This collaboration will allow users to directly convert their staked SOL into JitoSOL within the Phantom wallet. This development marks a significant step in enhancing the user experience and functionality of the Phantom wallet. Further details about the partnership or the conversion process have not been disclosed yet.