1. cbBTC launch on Solana
2. Solana Seeker: new smartphones
3. Economic impact on Solana

During the Solana Breakpoint 2024 event in Singapore, the launch of Coinbase Wrapped Bitcoin (cbBTC) on the Solana network was announced, along with the introduction of the new Solana Seeker smartphone.

cbBTC launch on Solana

During the Solana Breakpoint 2024 event in Singapore, the launch of cbBTC (Coinbase Wrapped Bitcoin) on the Solana network was announced. A Coinbase representative, Hassan Ahmed, stated that cbBTC would soon be available on the Solana platform. He noted that Coinbase users have shown great interest in Solana, which led the company to introduce cbBTC on this network. According to Cointelegraph, cbBTC is one of the largest assets representing the original Bitcoin and holds the third position by size, ensuring significant attention.

Solana Seeker: new smartphones

Solana also announced the release of its new smartphones named Seeker. This step demonstrates the company’s ambition to expand its presence not only in the cryptocurrency sector but also in the smartphone market. The new device integrates blockchain technology, allowing users to utilize it in everyday life. Preliminary data shows that pre-orders have reached 140,000 units, indicating significant interest in this product.

Economic impact on Solana

The Federal Reserve's interest rate cut to 4.75-5.00% caused market turbulence and created economic uncertainty. However, it also gave a push to digital assets like Bitcoin and Solana. Leading analyst Michael van de Poppe noted similarities between the current situation and the economic crises of 1971 and 2000, predicting long-term growth for cryptocurrencies and other assets. Positive news led to Solana's price rising to $150, although it later returned to $145, indicating a positive market response.

The announcement of cbBTC on the Solana network and the presentation of the new Seeker smartphones highlight the company's ambitions to expand its influence both in the cryptocurrency world and in the consumer electronics market. Falling interest rates and positive news create a favorable background for further growth.