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Solana divides the crypto universe. It can sometimes outperform Ethereum or Polygon, but also lose ground. Its reputation is also tarnished by the proliferation of unserious memecoins on its network. Yet, the real stakes are deeper. Anthony Scaramucci, financier and founder of SkyBridge Capital, suggests that Solana could soon play a crucial role in global finance. According to him, it is still too early to judge. A revolution is underway. Solana impresses with its technical performance. It offers speed and processing capacity that neither Ethereum nor Bitcoin have yet reached. Anthony Scaramucci points out that the Solana blockchain could become the “main operator for tokenizing real-world assets.” This includes stocks, bonds, and other financial instruments. This innovation paves the way for a colossal reduction in transaction-related costs. The figure is staggering: 7 trillion dollars are spent every year on transaction verification. According to Scaramucci, Solana could significantly reduce this expense thanks to its speed and low cost. This last detail is crucial in a universe where Ethereum remains the reference but sometimes suffers from high fees. For Scaramucci, the Solana blockchain acts like a “railway system” on which global financial transactions will soon flow. He does not claim that Solana will immediately defeat Ethereum, but envisions a future where Solana becomes an essential infrastructure. His upcoming book, Solana Rising, promises to explore these themes. Scaramucci presents the results of his research and interviews with Solana’s co-founders and Wall Street CTOs. This work highlights Solana’s technical advantages and disruptive potential. Solana operates in a complex political and regulatory context. Cryptocurrency regulation is being structured under the watchful eye of authorities. Scaramucci reminds us that despite some frictions, Solana’s institutional adoption is inevitable. He cites Jamie Dimon , CEO of JPMorgan, who is cautious but open by allowing his clients increasingly easy access to BTC. They will offer custodial services and yield strategies with Solana and other Layer 1 tokens. This gradual adoption marks a difference with Ethereum, which has already crossed certain milestones like Pectra and Fusaka , but still faces technical and regulatory challenges. The bipartisan work initiated under the Trump administration, he continues, prepares a less partisan framework for crypto regulation. This could accelerate the integration of blockchains like Solana into traditional finance. The on-chain IPO is a key example: it would allow capital raising without banks, simply with a wallet. The promise is huge: fees reduced from 7% to 0.10-0.20% for a tokenized IPO. Millions of unbanked users could thus access the financial market, a true social revolution. The Solana network hosts a range of innovations that strengthen its position against Ethereum. Its speed is likened to light, according to Scaramucci, with near-instantaneous transactions. The high throughput and minimal costs appeal to Wall Street CTOs. Solana handles thousands of transactions per second. The Solana ecosystem is enriched with diverse projects, despite criticism about memecoins. The technology also enables new financial uses, such as staking, decentralized loans, and yield farming. The network resembles a financial cloud where different applications coexist. This analogy supports the idea that, even if Ethereum dominates, Solana is a serious competitor well-positioned for growth. If Bitcoin is the operational layer of money, Solana will be that of real assets. Solana is also very adept at diversification. Beyond financial innovations, the network supports the development of dedicated devices, such as blockchain and cryptocurrency-adapted phones. Saga paved the way, soon to be replaced by Seeker, a more powerful and efficient Web3 smartphone .

On the evening of May 23rd, Beijing time, the crypto community witnessed an explosive debut as $SOON launched on Bitget and immediately skyrocketed by an astonishing over 9200%! This massive surge put $SOON at the forefront of market attention, turning heads across exchanges and trading desks worldwide. What is $SOON? $SOON is a high-performance Layer 2 (L2) solution designed to unlock the potential of blockchain scalability and adoption. It empowers developers to deploy SVM-based rollups across various Layer 1 (L1) blockchains, enabling faster, cheaper, and more efficient decentralized applications (dApps). Key Features of SOON: SVM Rollup Technology: Allows for secure and scalable rollups compatible with multiple blockchains. Super Adoption Stack: A vision to drive mass adoption of blockchain technology. Technological Innovations: Includes decoupled SVM, Merklization, and horizontal scaling to optimize performance. Multiple Products: SOON Mainnet, SOON Stack, and InterSOON make up the core offerings. Market Stats at Launch: Market Cap: $78.89M Fully Diluted Market Cap: $422.31M 24h Volume/Market Cap Ratio: 33.53% Circulating Supply: 186.90M tokens Total Supply: 1B tokens All-Time High (ATH): $19.86 (May 23, 2025) All-Time Low (ATL): $0.4113 (May 24, 2025) What Caused the Massive Price Surge? Several factors contributed to this impressive rally: Strong Market Demand: High investor interest and hype surrounding SOON’s innovative tech stack. Strategic Launch: Bitget listing provided strong liquidity and trading volume, fueling momentum. Layer 2 Solutions Hotspot: As blockchain scalability remains a critical challenge, L2 projects like SOON attract massive attention. Community & Developer Support: Active communities on Twitter, Reddit, and Discord helped spread awareness rapidly. How Much Did You Earn? If you managed to catch the $SOON wave early, you witnessed incredible returns — over 9200% gains in just a few hours! Even those who entered later had opportunities to capitalize on the volatility. Final Thoughts The $SOON launch is a textbook example of how Layer 2 blockchain solutions can capture the market’s imagination and deliver spectacular returns. However, as always, crypto trading carries risks, especially with such volatile assets. Make sure to do your own research and trade wisely. Are you ready for the next big wave? Stay tuned for more updates and trading insights!

Solana Launches Solana Attestation Service (SAS) Solana announced the launch of Solana Attestation Service (SAS) on the X platform, a new verification service that can be used to verify anything, aiming to provide a trust layer for the Internet capital market. SAS allows off-chain data to be associated with any Solana wallet, and applications can now verify information such as KYC/identity, investor certification, and on-chain reputation, while maintaining privacy through signature verification.

What makes Bitget stand out in the crypto exchange world: 🚀 1. Copy Trading for the Win Bitget’s copy trading is a game-changer. You can follow top traders and mimic their moves automatically. With over 190,000 elite traders and 800,000+ followers, it's like having a pro trader in your corner without lifting a finger. 🤖 2. Smart Trading Bots Not into manual trading? No worries. Bitget offers bots like grid, Martingale, and CTA bots that trade 24/7 based on your settings. Just set it up, and let the bots handle the rest. 🔐 3. Top-Notch Security Your funds are safe with Bitget. They store over 90% of assets in cold wallets, use two-factor authentication (2FA), and have a $300 million protection fund. Plus, they publish monthly Merkle Tree proofs to show they have the reserves to back up your assets. 📱 4. User-Friendly Interface Whether you're on desktop or mobile, Bitget's platform is smooth and easy to navigate. Advanced charting tools powered by TradingView, multilingual support, and a clean dashboard make trading a breeze. (R 💸 5. Low Fees & BGB Token Perks Trading fees are competitive: 0.1% for spot and as low as 0.02% for futures. Holding Bitget’s native token, BGB, can get you discounts and exclusive features. As of now, BGB is trading at $5.62. 🌍 6. Global Reach & Credibility Bitget operates in over 100 countries and has partnerships with big names like Lionel Messi and Juventus. They’re also licensed in the U.S., Canada, and Australia, adding an extra layer of trust. 🎓 7. Learn While You Earn New to crypto? Bitget’s got you covered with Bitget Academy, webinars, and tutorials. Plus, their customer support is available 24/7 to help you out. If you're looking for a platform that's secure, innovative, and beginner-friendly, Bitget's definitely worth checking out. Let me know if you want a step-by-step guide on getting started!

The decentralization of the Layer-1 blockchain Sui network is being questioned after its major DeFi platform, Cetus Protocol, called for an upgrade to recover stolen funds. Cetus had been hacked for over $222 million, but Sui Validators were able to freeze $162 million of the stolen funds. According to Sui Network , the validators could freeze the funds by ignoring transactions from the two addresses tied to the attack, effectively preventing the attacker from bridging out all the stolen funds. However, Cetus protocol has requested a network upgrade to regain the frozen funds. The decentralized exchange and liquidity provider called for a community vote to decide on the upgrade. The Sui Network team described the request as extraordinary, noting that Cetus desperately needs funds. Thus, it has agreed to let the vote happen on the condition that the Sui Foundation abstain from voting to remain neutral and that Cetus must publicly commit to returning all lost funds to users. Meanwhile, the Cetus team noted that it needs the recovered funds to repay users who lost assets to the hack while efforts to recover the remaining $60 million are ongoing. However, it acknowledged that it would respect the decision of the community. It wrote: “No one can make this decision unilaterally. We propose an on-chain vote involving the network’s major participants, including validators and SUI stakers, to decide. We want to recover and return the stolen funds, but we will respect whatever the community decides.” However, the upgrade’s scope is unclear. Sui Network had said it would not roll back the chain history or reverse transactions. It added that the design details and code for the vote will soon be shared. So far, most of the reactions to the possible upgrade have been negative, with many users concerned such an upgrade could make the network lose trust as a decentralized protocol. Others added that rolling back or upgrading the network to recover the loss would be wrong. They claimed that Cetus was well aware of the flaws in its smart contracts since last year, when they were exploited at a smaller scale with memecoins but failed to act. Thus, the protocol should cover the losses itself. Meanwhile, some users think the voting itself might be a charade. They noted that only 3.2% of SUI supply went to the public while half went to venture capital firms and insiders who have been staking all their tokens. Thus, they believe that these VC firms will determine the outcome of the vote, and individual stakers will not influence the final decision. Interestingly, some users have criticized validators’ efforts to freeze funds, saying it amounts to censorship and defeats true decentralization. However, the team clarified that any validator on any network can decide to ignore transactions, and if enough of them do it, the transaction fails. Despite the overwhelming opposition, several people still believe it is the best decision as it will ensure that Cetus users get their funds back. One user even recommended that founders and stakeholders with liquidity pools on Cetus decide, since they have a stake in the outcome. While debates continue over whether Sui should have the network upgrade, the network native token SUI is down 6.57% to $3.63 in the last 24 hours. Its decline is due to broader market struggles with price corrections after BTC set a new peak price of around $112,000. However, the Cetus hack also contributed to the SUI drop, with the token dropping more than 13% from $4.19 to $3.62 the day after the incident. The CETUS token is not doing any better. Due to the incident, it is down 5% today and more than 17% in the past week. It is trading at $0.1640 at press time. Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites