# Solana Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Solana", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

Crypto Barbarians: The Jupiter System Still Owes the Market an Answer

The article "Encryption Barbarians: The Jupiter System Still Owes the Market an Answer" investigates the controversies surrounding the Jupiter ecosystem, particularly its affiliated projects Meteora and the founders Meow and Ben Chow, originally from the Mercurial Finance project backed by Alameda Research and FTX. After FTX's collapse, the team split into Jupiter (focused on liquidity aggregation) and Meteora (focused on dynamic market making), creating a vertically integrated ecosystem that controls everything from fiat on-ramps (via Moonshot acquisition) to trading and liquidity. This closed-loop system, while efficient, has been repeatedly accused of exploiting information asymmetry. Key controversies include: - Suspicious MET token airdrop distribution in October 2025, where a few wallets received disproportionately large allocations and showed patterns of coordinated dumping. - Suspected insider trading ahead of MET's listing on Upbit in November 2025. - The LIBRA token scandal in February 2025, where Meteora was accused of supporting a token that crashed after reaching a $4.6B market cap, causing $280M in losses. Ben Chow resigned and appointed law firm Fenwick & West (already under scrutiny for its work with FTX) for an independent investigation, which further damaged trust. While on-chain detective ZachXBT's recent report cleared Meteora in the Axiom Exchange insider trading case, the ecosystem remains under a cloud of suspicion over its centralized control, lack of transparency, and repeated patterns of operating in regulatory gray areas. The article concludes that the market is still waiting for real accountability from the Jupiter system.

marsbit03/11 05:49

Crypto Barbarians: The Jupiter System Still Owes the Market an Answer

marsbit03/11 05:49

Crypto Morning Brief: 20 Millionth Bitcoin Mined, Nasdaq Partners with Kraken's Parent Company

Crypto Morning Brief: The 20 millionth Bitcoin has been mined, marking a milestone with 95.2% of the total 21 million BTC supply now in circulation. The remaining 1 million will take approximately 114 years to mine. In market developments, former U.S. President Trump commented on geopolitical tensions, warning Iran against disrupting oil flow through the Strait of Hormuz, threatening a severe U.S. response. Ethereum co-founder Vitalik Buterin disclosed that the Ethereum Foundation is staking 72,000 ETH using DVT-lite technology to promote distributed staking. Solana has partnered with Alibaba to establish the Solana Shanghai Builder Station, a developer hub in China. Major exchanges are expanding services: Coinbase launched crypto futures trading in Europe, and Nasdaq partnered with Kraken’s parent company, Payward, to develop infrastructure for tokenized equities. Corporate crypto holdings saw significant updates: Strategy increased its Bitcoin holdings to 738,731 BTC, while Sharplink reported holding 869,000 ETH, despite a net loss due to accounting adjustments. In funding news, Zcash Open Development Lab raised over $25 million in a seed round led by Paradigm, a16z crypto, and others. A security warning was issued for U盘版 OpenClaw hardware, which may pose asset risks due to excessive permissions. The article also includes recommended reads on oil price impacts, crypto valuation frameworks, Bitcoin network resilience, and regulatory shifts under the Trump administration.

marsbit03/10 01:21

Crypto Morning Brief: 20 Millionth Bitcoin Mined, Nasdaq Partners with Kraken's Parent Company

marsbit03/10 01:21

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