2024

Solana

Flash

when

<ul> 
 <li><strong>Cryptic tweets suggest Binance and Bitget may launch a staking product involving Solana, sparking curiosity about potential benefits for SOL.</strong></li> 
 <li><strong>The teased collaboration hints at a unique staking model allowing Solana users to earn rewards while keeping their assets unlocked, differentiating it from traditional staking.</strong></li> 
</ul>  
<p>In line with recent developments when Binance and Bitget, along with other coins, had exchanges overloaded during the Bitcoin Flash Crash, as CNF <a href="https://www.crypto-news-flash.com/bitcoin-flash-crash-price-plummets-from-45000-usd-to-42000-coinbase-binance-kraken-and-bitget-exchanges-overloaded/">reported</a>, Binance has sparked significant speculation in the crypto community.</p> 
<p>On August 29, Binance posted a cryptic five-character tweet, “BNSOL,” leading to widespread guesses about a potential partnership between Binance and Solana.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="ht" dir="ltr">BNSOL</p> 
 <p>— Binance (@binance) <a href="https://twitter.com/binance/status/1829111814094741707?ref_src=twsrc%5Etfw">August 29, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>In response, a follow-up tweet, “Coming Soon,” added to the intrigue. The buzz intensified when <a href="https://www.crypto-news-flash.com/whale-alert-finds-20m-xrp-transfer-to-bitget-during-correction/">Bitget</a>, another major crypto exchange, posted a similar tweet with the hashtag BGSOL, fueling further curiosity with an obvious hint.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">Something BG is coming <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/BGSOL?src=hash&amp;ref_src=twsrc%5Etfw">#BGSOL</a></p> 
 <p>— Bitget (@bitgetglobal) <a href="https://twitter.com/bitgetglobal/status/1829135333273051174?ref_src=twsrc%5Etfw">August 29, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<h2 id="strong-what-could-it-mean-for-sol-strong"><strong>What Could It Mean for SOL?</strong></h2> 
<p>The crypto community quickly began to interpret these hints, with some speculating on a new token launch or a liquidity product involving Solana.</p> 
<p>Further investigation revealed that the acronym BNSOL is associated with “Binance Staked Sol,” as seen on Solana Compass, a tool providing detailed analytics on Solana’s ecosystem. This page showed that a staking pool had been created, indicating that Binance and Bitget might be preparing to launch a new staking product.</p> 
<p>This product could potentially allow users to stake their Solana tokens to earn rewards while keeping their assets unlocked, a feature that differs from traditional staking, where assets are typically locked for a period of time.</p> 
<p>As for Solana’s price market, CNF <a href="https://www.crypto-news-flash.com/robinhood-wallet-expands-solana-support-is-a-sol-price-breakout-imminent/">reported</a> earlier that Robinhood Wallet Expands Solana Support. However, according to CoinMarketCap, Solana (SOL) is trading at <strong>$138.64</strong>, declining by <span style="color: #ff0000;"><strong>3.73%</strong></span> in the past day and <span style="color: #ff0000;"><strong>4.24%</strong></span> in the past week. See SOL price chart below.</p> 
<p><span data-sheets-root="1"></span></p>
<div class="cryptoboxes" id="mcw-435407" data-realtime="on">
 <div class="mcw-chart mcw-chart-light" data-font="inherit" data-coin="bnb" data-symbol="BNB" data-currency="USD" data-rate="1.000268" data-type="chart" data-view="day" data-theme="light" data-smooth="true" data-areacolor="" data-bgcolor=""></div>
</div>

Binance and Bitget Tease Major Solana Collaboration: What Could It Mean for SOL?

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Crypto News Flash

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