Institutional Investors Are Ditching Ethereum in Favor of One of Its Biggest Rivals, According to CoinShares

A leading digital assets manager finds institutional investors are buying into Solana (SOL) over Ethereum (ETH) as markets tumble. In the latest Digital Asset Fund Flows Weekly report, CoinShares says Ethereum investment products have suffered over 10 weeks of consecutive outflows ahead of what's known as “the merge,” which is Ethereum's plan to transition to a proof-of-stake The post Institutional Investors Are Ditching Ethereum in Favor of One of Its Biggest Rivals, According to CoinShares appeared first on The Daily Hodl.

Timeline of Ethereum, Solana

Ethereum (ETH) co-founder Vitalik Buterin has said he is "definitely" worried about centralization risks following The Merge, the event when the current Ethereum Mainnet merges with the beacon chain proof-of-stake (PoS) system.

A leading lending platform on the Solana (SOL) blockchain says a governance proposal urging users to grant it emergency powers to potentially seize the crypto assets of its largest whale has passed. According to the governance proposal, Solend (SLND) also sought to impose special margin requirements for whales that have borrowed more than a fifth The post Solana-Based Lending Platform Votes To Seize Whale's Funds To Prevent Instability appeared first on The Daily Hodl.

The Solend team has initiated a proposal to introduce a per-account borrow limit of $50 million. The limit will be rolled out gradually, starting with the per-account borrow limit at $120 million and reducing it till $50 million is reached.

Mainstream media outlets across the globe are unsurprisingly urging crypto holders to push the panic button, as the big banks rub their hands with glee as crypto crash 2022 continues to sow fear across the crypto-verse.  However, now is not the time to panic, now is the time to invest.

The feel-good meme coin, Mehracki (MKI), looks to separate itself from other meme coins that rely on general hype and buzz for success Ethereum (ETH) is the most popular altcoin in the world, with a market cap of $135 billion. The success of the decentralized blockchain platform has come as a result of its diverse.

Solana-based NFT marketplace of Magic Eden has raised $130 million in a Series B round at a $1.6 billion valuation. The funds will expand Magic Eden's primary and secondary marketplaces.

Non fungible tokens' (NFT) sales might have hit a hard rock since the beginning of this year. However, Solana based NFT marketplace, Magic Eden has bagged $130 million in a Series B funding round.

The ongoing correction phase in the crypto market started in November 2021, after several major cryptocurrencies witnessed All-Time Highs. However, this downfall has tumbled even the strong projects by 70-80%, bringing a heavy discount for interested traders.

Investing in the crypto trading market has become quite the trend and plenty of investors have seen considerable returns. This only means that the popularity of cryptocurrency is on the rise.

The Solana whale who came on the verge of getting liquidated last week has started moving their funds to mitigate risk to Solend. The post Solana whale shuffles $25 million to reduce risk to DeFi protocol Solend appeared first on The Block.