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SkyAI Dumps Entire SOL Holdings, Turns Around to Launch $201M Buyback Plan
Blockchain

SkyAI Dumps Entire SOL Holdings, Turns Around to Launch $201M Buyback Plan

SkyAI sold off all its Solana tokens for $223.8 million in cash, then immediately announced a $201 million buyback at $3 per unit, running through October 29.

Solana’s handling fees hit a new high, but validators faced the challenge of doubling their income due to inflation.
Blockchain

Solana’s handling fees hit a new high, but validators faced the challenge of doubling their income due to inflation.

Solana validators will double the rate of inflation reduction, and the new SOL supply will decrease accordingly; even if the network handling fee reaches a record high during the same period, the rewards that validators can receive for doing the same work may not increase but decrease.

Galaxy Launches Crypto-Backed Credit Line: Collateralize BTC, ETH, SOL for Cash Without Selling
Blockchain

Galaxy Launches Crypto-Backed Credit Line: Collateralize BTC, ETH, SOL for Cash Without Selling

Galaxy has added a crypto-backed credit line for GalaxyOne customers, allowing eligible users to borrow cash against BTC, ETH, and SOL without having to sell their holdings.