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The developer, founder, and partners of the network are accused of profiting from the sale of an unregistered security.
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Given that the network has experienced seven disruptions in the past year, South Korean developers may be reluctant to accept the new Solana's fund bait.
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Amidst recent volatility in the crypto market, users and investors remain steadfast in their commitment to the sector.
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Rival Joseph Lubin urged the network to find a'more sustainable economic model'
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The NBA legend's career inspired the 6 Rings NFTs, which serve as access passes to the Web3 fan engagement platform.
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Despite its high volatility, February proved to be relatively benign for Solana. After the 20 percent rally, the overall gains and losses canceled each other out, and the month's total changes were 0.13 percent.
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An suspected attack Wednesday afternoon cost one of the most popular ethereum-Solana bridges around $320 million.
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Earlier this year, during the August bull market, Solana captured everyone's attention. It has since become the talk of the town.