According to Odaily, the USDC Treasury has recently minted an additional 250 million USDC coins on the Solana network. The operation was detected by Whale Alert, a blockchain transaction monitoring service. This significant increase in the number of USDC coins in circulation could potentially impact the overall market dynamics. The Solana network was chosen for this operation due to its advanced capabilities and growing popularity in the crypto community. The minting of additional USDC coins on this platform is a testament to the increasing adoption and trust in the Solana network. It's important to note that USDC is a stablecoin, meaning its value is pegged to a reserve of assets, typically the US dollar. Therefore, the minting of additional coins does not necessarily lead to inflation, as is the case with traditional fiat currencies. However, it does increase the overall supply of USDC in the market, which could potentially influence its demand and value. This development is a significant event in the crypto world and could have far-reaching implications for the future of digital currencies. It underscores the growing acceptance and use of cryptocurrencies, particularly stablecoins like USDC, in the global financial system.

According to Odaily, Nate Geraci, the President of The ETF Store, has hinted at the possibility of launching a Solana spot Exchange Traded Fund (ETF) by next year. Geraci made this statement in a post, without specifying a particular date for the launch. The introduction of a Solana spot ETF would mark a significant development in the cryptocurrency market. Solana, a high-performance blockchain, has been gaining traction in the crypto space due to its scalability and fast processing times. The launch of an ETF based on Solana would provide investors with a new avenue to gain exposure to this emerging digital asset. However, Geraci did not provide further details regarding the proposed Solana spot ETF. It remains to be seen how the ETF will be structured and what impact it could have on the broader cryptocurrency market. As of now, the potential launch of a Solana spot ETF is speculative, and investors are advised to monitor the situation closely.

According to Odaily, SolanaFloor has shared data indicating a significant increase in the number of active wallets on the Solana blockchain over the past month. The data shows a 12.8% growth in the number of active wallets on the Solana network. In addition to the increase in active wallets, the number of daily non-voting transactions on the Solana network has also seen a substantial rise. The data reveals a 21.8% increase in daily non-voting transactions. This growth indicates a heightened level of activity and engagement on the Solana blockchain, reflecting its growing popularity among users.

According to Odaily, Jupiter has recently announced several updates on the X platform, including the launch of ape.jup.ag. The updates are aimed at addressing feedback from users and improving the overall user experience. Jupiter has released several fixes and added a refresh icon in the Vault. This new feature allows users to quickly check updated balances and transaction history. The company has also rectified display errors on small devices. In addition to these updates, Jupiter is currently optimizing the Ape application, with completion expected by tomorrow. Looking ahead, Jupiter has announced plans to introduce a new trading method on the Solana chain, supported by Ape&the Vault, next week.

According to Odaily, data disclosed by SolanaFloor reveals that in June, deBridge Finance and Wormhole bridged assets worth nearly $280 million to Solana. The breakdown of the assets shows that deBridge Finance accounted for $154 million, while Wormhole contributed $125 million. The bridging of these assets to Solana signifies a significant move in the blockchain industry. It further emphasizes the growing influence of Solana in the digital asset market. However, the specifics of the assets bridged and the implications for the respective platforms remain undisclosed. As the blockchain industry continues to evolve, such moves are expected to become more common as platforms seek to leverage each other's strengths and capabilities.

According to Odaily, the Solana Foundation has announced plans to provide $400,000 in funding for projects built on Action and Blinks. This move is part of the foundation's ongoing efforts to support and encourage the development of innovative projects within its ecosystem. The funding will be directed towards projects that utilize the Action and Blinks platforms, which are known for their advanced features and capabilities. The Solana Foundation's decision to fund these projects highlights its commitment to fostering innovation and growth within its network. Further details about the specific projects to be funded or the criteria for selection were not disclosed. The Solana Foundation continues to play a significant role in the blockchain industry, with this latest funding announcement further demonstrating its dedication to supporting the growth and development of the Solana ecosystem.

According to Odaily, the cryptocurrency SOL has experienced a short-term drop, falling below 135 USDT. The current trading price is reported to be 135.36 USDT. Over the past 24 hours, the currency has seen a decrease of 11.92%. This marks a significant shift in the market for SOL, which is a key player in the cryptocurrency industry. The drop in price is a notable event in the financial market, reflecting the volatile nature of cryptocurrency trading. Despite the decrease, the current trading price remains close to the 135 USDT mark, indicating potential for recovery. The 24-hour decrease of nearly 12% is a substantial change, highlighting the rapid fluctuations that can occur in the cryptocurrency market. This event underscores the importance of staying informed about market trends and changes in the cryptocurrency industry.

According to Odaily, Matthew Sigel, the head of digital asset research at VanEck, has stated that the likelihood of VanEck launching a Solana ETF largely depends on the outcome of the 2024 presidential election and whether Gary Gensler continues to serve as the chairman of the U.S. Securities and Exchange Commission (SEC). Sigel noted that cryptocurrency voters could play a significant role in the upcoming election. He pointed out that there has been a shift in the regulatory environment at the level of elected officials, with several Democrats voting in favor of cryptocurrency legislation. Sigel also expressed agreement with recent comments made by SEC Chairman Gary Gensler that 'Ethereum applications are progressing smoothly.' He added, 'This might be the only time in three years that I agree with Gary Gensler's view.'

According to Foresight News, Jupiter, a trading aggregator in the Solana ecosystem, has announced the launch of a Meme coin trading platform named Ape. The platform offers a secure wallet vault where users can start trading by simply depositing SOL. Ape, currently in its Alpha stage, includes features such as token discovery and dynamic slippage setting. The platform charges a promotional fee of 0.069%.

According to Foresight News, a Nigerian cryptocurrency trader, Femi Akinola, has returned 90 SOL tokens, worth $14,000, that were mistakenly sent to him by a foreign trader. His act of honesty has been appreciated by members of the cryptocurrency community, and he has received a total of more than 35 SOL tokens in return.

According to Odaily, Solana ecosystem's Meme project, Pandiana, has successfully raised $500,000 in a pre-seed funding round. The round saw participation from YNK Capital, AlphaEquity Capital, and Gateron Ventures. Pandiana plans to integrate the concept of Meme with the 'play-to-earn' model. The newly acquired funds will be used to expand the influence of the Solana ecosystem. Additionally, the company plans to launch the PNDA token presale this week.

According to Odaily, Solana's AI project, QnA3, has announced an update to its product features. The project has launched a new tool that uses artificial intelligence to analyze token sentiment. In addition, it has introduced a KOL (Key Opinion Leader) series, which uses AI to analyze content from active KOLs in the market, assisting users in making judgments about tokens and market sentiment. This feature is set to collaborate closely with Solana's social scene in the near future. Following the announcement of these new features, GPT saw a short-term increase of 31.68%, with a current price of 0.1250 USDT. This rise may be attributed to the positive impact of the new features.

According to Odaily, SOL, a popular cryptocurrency, has recently broken through the 150 USDT mark. The latest data shows that it is now trading at 151.37 USDT. This represents a 2.68% increase in the past 24 hours. This significant increase indicates a positive trend for SOL in the cryptocurrency market. The rise in value is a promising sign for investors and traders who have been closely monitoring the performance of SOL. However, as with all investments, the value of cryptocurrencies can fluctuate, and investors are advised to proceed with caution. The future performance of SOL and its impact on the market remains to be seen.

According to Odaily, Kamino, a lending platform on Solana, has reported that it processed approximately $1.4 million in liquidations during the market turbulence in June, while the total amount of loans exceeded $600 million. In June, Kamino handled over 2,500 liquidations. Kamino's soft liquidation mechanism is designed to prevent borrowers from going bankrupt, with only about 20% of the user's collateral value being liquidated. The largest liquidation in June involved collateral worth over $70,000. Most liquidations involved collateral worth less than $20,000. The total transaction fees paid by the liquidator, on the day of the largest loss, processed nearly 800 liquidations. The total transaction fee was approximately 0.26 SOL, equivalent to about $40. The transaction fee for each liquidation in June was 0.001 SOL or lower for almost all transactions. This report highlights the resilience of the Kamino platform during a period of significant market volatility, demonstrating its ability to manage a high volume of transactions while minimizing the impact on borrowers.

According to Odaily, Solana's atomic SVM Layer 2 Sonic has announced that its testnet, Odyssey, has reached 300,000 wallets and surpassed 52 million transactions. The company has also revealed plans for an upgrade scheduled for 5 AM UTC on July 3rd. During the six-hour upgrade period, on-chain interactions on the Odyssey will be temporarily suspended. Once the upgrade is completed, a new ring lottery task will be launched on Odyssey. This development is expected to enhance the functionality and user experience of the platform. The significant growth in the number of wallets and transactions indicates the increasing popularity and adoption of the Sonic platform. The upcoming upgrade and the introduction of new features are anticipated to further boost its performance and user engagement.

According to Foresight News, Solayer, a staking protocol in the Solana ecosystem, has announced the completion of its builder round financing. The specific investment amount has not been disclosed. Investors include Anatoly Yakovenko, co-founder of Solana Labs, Michael Repetny, a core contributor to Marinade, Rooter, founder of Solend, Richard Wu, co-founder of Tensor, crypto KOL Ansem, and Sandeep Nailwal, co-founder of Polygon. In May, Foresight News reported that three venture capitalists familiar with the situation stated that Solayer hoped to complete a seed round of financing valued at $80 million with an $8 million investment.

According to Odaily, Solana's NFT platform Metaplex has announced that its DAO has entered a new phase. In June, the Metaplex protocol used 50% of its May fees (4490 SOL) and some historical fees (5510 SOL) to purchase MPLX, contributing a total of 3.8 million MPLX to the Metaplex DAO. The protocol generated a total of 8735 SOL in fees in June. Earlier in March, Metaplex announced the launch of a new NFT standard on the Solana chain, Core, which has already been launched on Devnet. Core, specifically designed for NFTs, supports storing key data in a single chain account, thereby reducing computational requirements, increasing throughput, and helping to improve the efficiency of the Solana network. The Core is fully supported by the Metaplex developer platform and can be seamlessly integrated with a set of SDKs and utilities. It is planned to be launched on the main network next week, with additional support from Candy Machine, DAS, Umi, and Amman. In addition, Metaplex announced that 50% of the protocol fees will be used to purchase MPLX tokens and send them to the Metaplex DAO, which includes all historical and future fees.

According to Odaily, Raydium, an Automated Market Maker (AMM) platform based on Solana, has announced its support for the Blink creation feature for all assets. This new development allows users to create blockchain links, known as Blinks, for any token and start earning a 1% referral fee. The announcement was made on platform X, further expanding the capabilities of the Solana-based AMM platform. This move is expected to enhance the user experience by providing more flexibility and opportunities for earnings. The Blink creation feature is a significant addition to the platform, allowing users to create blockchain links for any token. This feature not only increases the utility of the platform but also provides an additional income stream for users through the 1% referral fee. This development underscores Raydium's commitment to continually improving its platform and providing its users with more opportunities to earn. It also highlights the growing popularity and utility of Solana-based platforms in the blockchain industry.

According to Odaily, MoonPay, a cryptocurrency payment infrastructure, reported that Solana achieved several historic highs in June. These records include the number of SOL purchase transactions, the volume of purchases, and the number of unique buyers, all of which reached unprecedented levels. The report was published on platform X. Solana's performance in June marks a significant milestone for the cryptocurrency, reflecting increased interest and investment in SOL. The surge in the number of transactions and unique buyers indicates a growing user base and a broader acceptance of the cryptocurrency. MoonPay's report underscores the growing popularity of Solana and the increasing adoption of its SOL cryptocurrency. However, it did not provide specific figures for the record highs. The report was published on platform X, but no further details were provided about the platform or the nature of the publication.

According to BlockBeats, Tom Wan, a strategic analyst at 21.co, cited data from Dune on July 1st, indicating that Solana's liquidity pledge rate has risen to 6.58%. This represents a quarter-on-quarter increase of 1.76% in Q2. Furthermore, the dominance of the top three providers has dropped from 93% to 68.7%, suggesting a healthier and more diversified market. The data provided by Tom Wan offers a clear indication of the changing dynamics within the Solana market. The increase in the liquidity pledge rate and the decrease in dominance of the top providers suggest a shift towards a more balanced and diverse market. This could potentially lead to a more stable and resilient market in the future. The shift in dominance from the top three providers to a more diversified set of players is a positive sign for the Solana market. It indicates a move away from a concentrated market, which can often lead to instability and volatility. Instead, the market is moving towards a more balanced distribution of power, which is generally seen as a healthier state for any market. In conclusion, the rise in Solana's liquidity pledge rate and the decrease in the dominance of the top three providers are positive signs for the market. They indicate a move towards a healthier and more diversified market, which could potentially lead to greater stability and resilience in the future.