Just In: Crypto.com Suspends These Withdrawals, Deposits On Solana Chain

Crypto.com withdrawals, deposits news updates: Citing recent industry events, crypto.com informed customers it suspended deposits and withdrawals of (CRYPTO: USDC) and (CRYPTO: USDT) on Solana (CRYPTO: SOL) blockchain. The move comes after the market went through a crypto crash following Binance (CRYPTO: BNB) announced potential acquisition of FTX exchange.

Timeline of Solana, Usd-coin, Tether

When the current epoch finishes in under 24 hours, Solana (SOL) validators are expected to release a total of 50.7 million SOL, equivalent to over $940 million, at the time of publication.

Citing recent industry events, crypto.com informed customers it suspended deposits and withdrawals of USDC and USDT on Solana blockchain. The post Crypto.com Suspends These Withdrawals, Deposits On Solana Chain appeared first on CoinGape.

Further downward pressure may be in store for Solana as tokens validators may sell over$300 million worth of sol tokens tomorrow. The post Nearly $1 billion of solana is set to be unlocked in 24 hours appeared first on The Block.

Due to increasing levels of FUD surrounding the FTX/Binance saga, Circle's CEO in a recent tweet, played down from the saga affirming that circle worked under high standards and accountability.

After Binance and FTX engaged in a word war on social media – and eventually making amends (well, sort of; Binance said today it's buying FTX) – Solana got dumped violently. Solana's native token, SOL, is trading in the red across all time frames, as reported by CoinGecko, lending credence to the bearish claims.

Solana‘s price has plunged remarkably by more than 55% in the past couple of days, dragging the value below $20 at the moment. The platform registered a huge selling volume since the last trading day, which has raised from $2 billion to more than $6 billion at the moment.

Technical Analyst @DU09BTC warned that 18 million Solana tokens are due to hit the market following the end of their staking lock-in period at the current epoch. The post Double dip expected as flood of unlocked Solana to hit the market appeared first on CryptoSlate.

Sam Bankman-Fried's crypto exchange FTX and trading firm Alameda Research are under a severe liquidity crunch. Crypto exchange Binance is all set to acquire FTX as CEO Chanpeng “CZ” Zhao signed a non-binding LOI to help with the liquidity crunch.

Following the FTT token, Solana (SOL) in particular is currently suffering a massive price slump. As a report revealed last week, the SOL token is one of the major assets on FTX's balance sheet.

FTX, through Almeda, stands to be a major investor in the Solana project SOL price continues to decline in a six-hour timeframe The native token of the Solana network, SOL, expereinced a severe price decrease and poor price action over the previous 48 hours.