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ZEC $954.99 -3.52%
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GOOGL $300.23 +2.28%
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NVDA $166.96 -4.49%
TSLA $397.79 +1.72%
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sol

SOL is the native cryptocurrency of the Solana blockchain, primarily used for paying transaction fees and supporting decentralized applications on the network. Solana is a high-performance public chain platform known for its fast transaction processing capabilities and low fees, utilizing a unique consensus mechanism called Proof of History (PoH) to enhance network efficiency. The SOL token plays multiple roles in the ecosystem, including staking for network rewards and participating in governance decisions. The Solana ecosystem encompasses decentralized finance (DeFi), NFTs, and other Web3 applications.
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DTCC: Tokenization services will integrate with Solana, scheduled to launch in the second half of 2027

According to PR Newswire, the Depository Trust & Clearing Corporation (DTCC) announced plans to integrate its Tokenization Service (DTCC Tokenization Service, DTS) with Solana's Layer 1 network, allowing eligible assets held by DTC to be converted into token form and to gain corresponding token lifecycle functionalities. This integration is expected to go live in the second half of 2027.DTS was officially launched on October 28, and this integration with Solana is an extension of its "multi-chain strategy." DTCC stated that after the integration, DTC tokenized assets will retain the same investor protections, ownership rights, and regulatory safeguards as traditional held securities, while enhancing liquidity, collateral liquidity, and capital efficiency.DTCC President and CEO Frank La Salla stated that this brings regulated DTC tokenized securities to another mainstream blockchain ecosystem; Brian Steele, President of Clearing and Securities Services, emphasized that the service is a "secure, interoperable, and market-neutral" infrastructure; Nadine Chakar, Global Head of Digital Assets at DTCC, mentioned that interoperability is key to the scalability of digital markets; Nick Ducoff, General Manager of Institutional Business at the Solana Foundation, stated that after the integration, tokenized securities can be settled and circulated like other on-chain assets.

first_img Layer33: Calls for a pause on SFDP weekly withdrawals, with the delegation dropping to about 55,000 SOL

The independent Solana validator alliance Layer33 responded to the adjustments of the Solana Foundation Delegation Program (SFDP) rules. The alliance is composed of independent validators, aiming to push for independent operators to collectively hold at least 33% of the network's stake. Layer33 stated that it acknowledges the foundation's remarks that the network scale has exceeded the initial launch plan, the validator pool has matured, and it faces challenges that were not envisioned in the early stages, believing that the delegation mechanism should evolve accordingly. The organization indicated that the new rules replace long-term contributors with short-term participants for a duration of 12 months.Layer33 mentioned that the foundation, in subsequent statements, indicated that participants from the Alpenglow community cluster provided crucial assistance and should receive direct rewards; part of the related adjustments is to make such rewards possible. The organization stated that the SFDP currently holds over 10 million SOL in remaining delegation, and providing substantial rewards to cluster participants does not require dismantling the existing plan; the foundation expressed that the intended recipients of the rewards are precisely the group prioritized for exit. Layer33 also noted that validators remaining in the program will see their SFDP delegation decrease from approximately 85,000 SOL to 55,000 SOL, reducing by about 30,000 to 35,000 SOL; some operators have already shut down nodes and canceled their Breakpoint schedules.Layer33 stated that it does not demand the foundation to change direction but rather to advance in the correct order and update the requests made in the previous open letter: to suspend weekly exit batches until communication regarding not abandoning contributors improves; to supplement details on rewards for Alpenglow community cluster participants; to disclose the analysis behind the 300,000 SOL external staking graduation line, the cap of 100 validators, the 12-month term, and the 55,000 SOL delegation scale; to publish an impact assessment on the current validator pool, including how about 75% of members are identified as non-contributors; to conduct formal consultations with existing SFDP members with processes and timelines; to disclose contribution-based delegation standards and application processes, running parallel with discretionary delegation; and to explain why the program places more emphasis on new validators rather than contributors who have operated and improved the Solana network for many years.

first_img Solana Foundation is hiring a Vice President of International Communications

The Solana Foundation is hiring a Vice President of International Communications. This is a full-time position within the marketing team, supporting remote work in the United States, with other locations including San Francisco and New York. The hire will be responsible for Solana's global narrative and network reputation management, developing and maintaining the global narrative, establishing and personally maintaining relationships with media in the U.S. business, finance, technology, and cryptocurrency sectors, while providing executive positioning and communication consulting to the foundation's management.This position will also be responsible for reputation and issue management related to network incidents, client vulnerabilities, application layer attacks, and validator disputes, establishing severity classifications, identifying decision-makers, rehearsing processes, and preparing response language in advance; providing communication support for project launches, founder media training, etc., to the ecosystem team, and collaborating with policy and legal teams to handle regulatory and legislative matters. The ideal candidate should have approximately 10 to 15 years of communication experience, possess direct contacts with business, finance, and technology media reporters, and be able to use AI tools in monitoring, research, drafting, information testing, and adversarial review tasks.
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