orca

Robinhood announced that its cryptocurrency platform has launched trading for Solana ecosystem tokens ORCA and RAY, and users in New York State can also participate.

Michael Hwang, CEO of the Solana liquidity protocol Orca, tweeted that Orca was not affected by the Drift attack incident and that user funds are safe. Its smart contracts have been audited by four independent auditing firms, and operational security (Opsec) measures have recently been reviewed by external security consultants.

According to Binance spot data, the market has experienced significant volatility. BANANAS31 has risen by 20.93% in the last 24 hours, reaching a new high for today.At the same time, FLOW has fallen by 11.52% in the last 24 hours, ORCA has dropped by 14.9%, and AUDIO has decreased by 17.04%, all showing a "pullback" state. ENA and KMNO have also reached new lows for today, with declines of 5.53% and 10.94%, respectively.

According to official news, the Solana-based lending protocol Loopscale has announced that LP tokens from Orca and Raydium can now be used as collateral for lending. Loopscale's order book architecture allows for pricing based on the conditions of each position itself, rather than incorporating it into a centralized lending pool model.Through this credit market infrastructure, over $1 billion in yield-generating liquidity can be unlocked. The system is capable of independently assessing and pricing each LP based on multiple variables such as price range, fee tier, and underlying assets.

According to Binance spot market data, there has been significant volatility in the market. PROM has dropped 14.94% in the last 24 hours, while ORCA has decreased by 14.82%.At the same time, DUSK, BIFI, and NIL have also experienced a "pullback" state, with declines of 5.04%, 6.12%, and 15.65%, respectively. On the other hand, MITO has reached a "bottoming rebound" state, increasing by 7.02%, while RIF and GMX have both hit new highs for today, with increases of 6.72% and 5.56%, respectively.

According to Binance spot market data, the market has experienced significant volatility. ORCA has risen by 22.03% in the last 24 hours and is in a rebound state after hitting a low.At the same time, DEXE, FTT, ALT, MUBARAK, and WCT have all shown a "high-to-low" state, with 24-hour declines of 8.87%, 6.05%, 8.19%, 10.42%, and 6.32% respectively. ANIME has reached a new low for today, with a decline of 7.41%, while APT has set a new low for the month, with a drop of as much as 45.2%.

According to Binance spot data, the market has experienced significant fluctuations. ORCA has dropped by 14.01% in 24 hours, and INIT has decreased by 19.19%, showing a "high and then low" state.In addition, C98, ONG, RAY, MOVE, BERA, and ESP have also shown a "high and then low" state, with declines of 6.81%, 9.79%, 10.85%, 10.69%, 11.46%, and 7.4%, respectively.

According to Binance spot data, the market has experienced significant fluctuations. LUMIA has increased by 5.26% in the last 24 hours, reaching a new high for today, while ORCA has slightly risen by 10.67% within 2 hours.At the same time, MLN, ONT, ILV, PORTAL, PARTI, KMNO, and MIRA have all shown a "high and then low" state, with declines of 5.2%, 6.05%, 5.8%, 5.2%, 6.5%, 7.67%, and 6.2%, respectively.

This morning, Upbit discovered that approximately 54 billion Korean won (about 36 million USD) in Solana network assets was transferred to an unknown external wallet. The affected assets include multiple Solana ecosystem tokens such as ORCA, DOOD, RAY, and LAYER. Upbit has suspended all deposits and withdrawals and is conducting a comprehensive system check.Currently, the prices of low market cap Solana project tokens on the Upbit platform have surged significantly, with ORCA up 92.51%, MET2 up 94.41%, and RAY up 51.07%.

ChainCatcher news, SolanaFloor posted on the X platform that during a large-scale liquidation event, Solana DEX handled over $8 billion in trading volume, with Orca leading at $2.49 billion. Four Solana DEXs had a 24-hour trading volume exceeding $1 billion.

ChainCatcher news, SolanaFloor posted that the monthly trading volume on Solana's DEX exceeded $144 billion, returning to the levels of May 2024.The top three DEXs by trading volume are: Raydium Protocol: over $41 billion, Orca: over $23 billion, HumidFi: over $22 billion.

ChainCatcher news, according to the governance proposal released by the Orca Council, it is proposed to use up to 55,000 SOL to buy back ORCA and stake it to the validator nodes. During the 5-day voting period and the 2-day cooling-off period, ORCA token holders can submit veto votes. Proposal details:· Funding scale: All SOL and USDC in the treasury wallet, currently approximately 55,000 SOL and 400,000 USDC.· Execution method: All SOL in the treasury wallet will first be staked at the Orca validator nodes, and then periodically withdrawn as needed to execute the Orca buyback plan. This plan will be conducted through a decentralized exchange or in collaboration with market makers, lasting for 24 months, with a daily buyback limit of 2% of the 30-day average trading volume of ORCA, in order to minimize market impact.· Storage and use of repurchased tokens: The repurchased ORCA tokens will be stored in a multi-signature DAO treasury wallet. The committee plans to burn these tokens to permanently reduce the circulation of ORCA, allocate them to the xORCA pool as rewards, or use them for ecosystem funding.· Risk management of the buyback plan: Buybacks will be suspended during periods of high market volatility (when the ORCA price fluctuates more than 15% within 24 hours).

ChainCatcher news, according to the official announcement from the Solana liquidity protocol Orca, has launched the token issuance platform Wavebreak, integrating CAPTCHA with on-chain permission structures to prevent bots and snipers from crowding out real users.Wavebreak offers proprietary anti-bot technology, permissionless token creation, pre-graduation token points programs, creator graduation LP rewards, and daily rewards.

ChainCatcher news, according to The Block, the Solana Policy Research Institute, in collaboration with Phantom Wallet, Orca Exchange, and Superstate Protocol, submitted a compliant tokenized securities framework to the U.S. SEC's crypto working group.The proposal suggests allowing traditional assets such as stocks and bonds to be traded on-chain while seeking regulatory exemptions for non-custodial decentralized protocols. The proposal is based on the "Project Open" initiative previously proposed by SPI, aiming to achieve 24/7 operation and instant settlement of capital markets through blockchain technology.SPI emphasizes that decentralized protocols are different from traditional intermediaries and should be granted regulatory exemptions. This submission comes at a time when the SEC's stance on crypto regulation is gradually becoming more open.

ChainCatcher message, Binance will delist and cease trading the following spot trading pairs on June 6 at 11:00 (UTC+8): ACX/FDUSD, IDEX/FDUSD, ORCA/FDUSD, THETA/FDUSD, and XAI/FDUSD.The delisting of a certain spot trading pair will not affect the availability of that token in the Binance spot market; users can still trade the base asset and quote asset of that spot trading pair in other available trading pairs on Binance.

According to ChainCatcher news, on-chain analyst Ai Yi (@ai_9684xtpa) monitored that Orca's official Twitter account retweeted the Pope-themed meme coin POPE, which briefly surpassed a market capitalization of 300 million USD, before falling back to 140 million USD.The wallet address 48APs...USnpC invested 100,000 USD at an average price of 0.01723 USD, and has currently accumulated a profit of 1.02 million USD, with an investment return rate of 1022%.

ChainCatcher news, according to an official announcement from Binance, starting from April 12, 2025, 08:00 (UTC), the funding rate settlement frequency for the USDⓈ-M ORCAUSDT perpetual contract will be adjusted from every 4 hours to every 2 hours.The announcement also stated that to mitigate the risks of extreme market volatility, Binance may implement additional protective measures without prior notice, including but not limited to adjusting the maximum leverage, position value, margin maintenance rates at various levels, updating the funding rate, and changing the composition of the price index.

ChainCatcher news, according to the official announcement, Bithumb will launch the ORCA KRW trading pair.

ChainCatcher message, Binance Futures will resume the funding rate settlement frequency for the ORCAUSDT U-based perpetual contract on March 24, 2025, at 16:00 (UTC+8). The funding rate settlement frequency will be adjusted from once every two hours to once every four hours.

ChainCatcher news, according to on-chain data analyst @ai_9684xtpa's monitoring, Wintermute has deposited all 2.5 million ORCA tokens (approximately $9.62 million) received from the project party into CEX. Since Wintermute received the tokens two days ago, the price of ORCA has dropped by 29.7% ($3.642 to $2.56).Previously, it was reported that the ORCA deployment address transferred tokens worth $9.62 million to Wintermute on the evening of March 21, possibly for market making/selling.