BitGo Enhances Solana Staking with Marinade Native Integration
BitGo has expanded its Solana staking services by integrating with Marinade Native, a protocol developed by Marinade Labs. This collaboration allows BitGo clients to stake SOL directly from their wallets without giving up custody, offering competitive rewards while supporting Solana network decentralization. Marinade Native introduces innovative features like the Stake Auction Marketplace, where validators compete to delegate stakes, further enhancing the staking experience. This development is expected to attract more institutional and retail investors to Solana, reinforcing its position in the competitive blockchain ecosystem.
BitGo Expands Solana Staking with Marinade Native Integration
BitGo has enhanced its Solana staking services by integrating with Marinade Native, a protocol developed by Marinade Labs. This partnership enables BitGo clients to stake SOL directly from their wallets without relinquishing custody, combining competitive rewards with support for Solana network decentralization.
Marinade Native introduces innovative features such as a Stake Auction Marketplace, where validators compete to delegate stakes for optimal user returns, and Protected Staking Rewards, which compensate users for validator underperformance. BitGo now stands as the first U.S.-qualified custodian to offer this advanced staking solution.
Loopscale Loses $5.8M in Oracle Attack
Loopscale Labs suffered a significant exploit over the weekend, with bad actors manipulating its pricing functions to inflate loan collateral values. The attack resulted in the theft of approximately $5.7 million in USDC and 1,200 SOL, representing roughly 12% of the platform’s total assets.
The incident occurred just two weeks after Loopscale’s launch, yet the response has drawn rare praise from the DeFi community. Observers have highlighted the team’s swift action, transparency, and commitment to user recovery as standout features in an industry often criticized for poor crisis management.
While depositors in Loopscale’s USDC and SOL vaults face losses, early indications suggest partial or full recovery may be possible. The protocol’s handling of the exploit could set a new benchmark for incident response in decentralized finance.
Can Solana Price Target $180 Next? Sentiment Turns Bullish
Solana (SOL) shows signs of a potential bullish reversal despite recent sell-offs. The cryptocurrency currently holds at $148.70, eyeing a critical resistance level NEAR $180—a zone historically marked by its 200-Day Moving Average.
A decisive break above $165 could propel SOL toward the $180 target, potentially signaling a long-term trend reversal. market participants remain optimistic as technical indicators suggest upward momentum may prevail.
1inch Expands DeFi Reach with Solana Integration
1inch, the decentralized exchange aggregator, has extended its services to the Solana blockchain, marking a significant expansion in its multi-chain strategy. The integration enables traders to swap over one million Solana-native tokens while accessing $7 billion in liquidity.
The platform emphasizes security measures to protect against market manipulation, including maximal extractable value (MEV) protections. This development follows 1inch’s pattern of strategic integrations with major blockchain networks to improve decentralized finance accessibility.
