Cryptocurrency
Marinade Finance Makes Strategic Investment in SuperSol

[PRESS RELEASE – Dubai, United Arab Emirates, December 19th, 2024]
Marinade Finance Makes Strategic Investment in SuperSol to Boost Solana’s Growth and Enhance Layer-2 Capabilities.
The Solana ecosystem has been witnessing rapid growth and evolution, with demand for scalability, performance, and real-time capabilities reaching new heights. This growth is driven not only by traditional decentralized finance (DeFi) applications but also by the rise of emerging sectors like GameFi (gaming on blockchain) and Decentralized Physical Infrastructure Networks (DePIN). In response to these expanding needs, Marinade Finance, a prominent self-custodial staking protocol on the Solana network, has made a strategic investment in SuperSol, the first native Layer-2 scaling solution for Solana. Marinade enables SOL holders to automatically delegate their tokens to top-performing validators in a competitive open marketplace, optimizing yields by allowing validators to share fees directly with stakers.
Strengthening Solana’s Infrastructure for a New Era
SuperSol, designed to significantly enhance Solana’s scalability and performance, aims to address the growing demand for efficient and reliable infrastructure that can support the next wave of decentralized applications (dApps). With a primary focus on sectors such as GameFi, which combines gaming with decentralized finance, and DePIN, which utilizes decentralized networks for physical infrastructure, SuperSol is poised to become a critical component in the future of the Solana blockchain.
The investment by Marinade Finance is seen as a crucial move to help SuperSol accelerate its development and adoption. By supporting innovations like SuperSol, Marinade is positioning itself at the forefront of the efforts to improve Solana’s Layer-1 and Layer-2 capabilities, ensuring that the network can handle the next generation of dApps and meet the increasing demand for high-performance, low-cost, and scalable solutions.
The Role of Marinade Finance in the Solana Ecosystem
Founded in 2021, Marinade Finance has quickly established itself as one of the most prominent players in the Solana ecosystem. The platform allows users to automatically stake SOL tokens, Solana’s native cryptocurrency, while receiving mSOL, a liquid staking derivative. mSOL allows users to earn staking rewards while maintaining liquidity, enabling them to participate in other DeFi activities without locking their assets.
Through this innovative approach to staking, Marinade Finance has significantly contributed to the overall growth and decentralization of the Solana network. By providing liquidity to staked assets, Marinade enables participants to earn staking rewards without locking their assets, thereby supporting both network security and a more dynamic ecosystem for decentralized finance.
In addition to its core offering, Marinade has become an active participant in broader efforts to enhance Solana’s ecosystem. Its decision to invest in SuperSol is in line with its long-term vision to support projects that aim to improve Solana’s scalability and bring real-world use cases to life.
SuperSol: A Key Enabler for the Future of GameFi and DePIN
The main challenge facing blockchain networks like Solana has always been the need to scale in a way that maintains high throughput while minimizing costs. Solana’s high-speed and low-cost architecture has made it a popular choice for developers, but as adoption grows and more applications are built on the network, there is an increasing need for solutions that can handle even more transactions without compromising performance.
This is where SuperSol comes into play. SuperSol is a Layer-2 scaling solution that builds on top of Solana’s existing architecture to offer increased scalability and enhanced performance. By utilizing SuperSol, developers will be able to create more efficient applications, particularly in GameFi and DePIN – two sectors experiencing explosive growth.
In the GameFi space, where games and financial incentives are integrated on the blockchain, the need for high-speed transactions is paramount. Traditional gaming engines often struggle to meet the performance demands of real-time, immersive environments, but Layer-2 solutions like SuperSol can help ensure that these games run smoothly and cost-effectively on the Solana network.
Similarly, in the rapidly growing DePIN sector, which includes applications focused on decentralizing physical infrastructure such as networks, energy grids, and other assets, scalability is critical. SuperSol’s advanced Layer-2 architecture is designed to handle the transaction loads and data requirements of such applications, making it an ideal fit for this emerging market.
A Strategic Partnership with Long-Term Impact
While the financial details of the investment have not been disclosed, Marinade’s support for SuperSol is more than just a monetary contribution – it’s a strategic partnership aimed at fostering innovation and ensuring the continued growth of Solana’s ecosystem. By investing in projects like SuperSol, Marinade is positioning itself as a key player in the infrastructure and scalability efforts that will shape the future of blockchain technology.
The collaboration between Marinade Finance and SuperSol is a testament to the growing synergies within the Solana ecosystem. As Solana continues to attract developers and projects across a variety of sectors, the combination of robust staking solutions and scalable infrastructure will be key to meeting the demands of an increasingly complex and diverse decentralized economy.
Looking Ahead: Solana’s Continued Evolution
As Solana’s ecosystem matures, the need for effective Layer-2 scaling solutions will only become more pressing. SuperSol’s focus on improving Solana’s real-time performance and scalability will help address these challenges head-on, making Solana an even more attractive option for developers and users alike.
The strategic investment by Marinade Finance signals confidence in SuperSol’s vision and the potential impact it will have on the network. It also highlights Marinade’s commitment to not only providing liquidity solutions through its liquid staking protocol but also actively contributing to the broader development of Solana’s infrastructure.
The partnership between Marinade Finance and SuperSol is a significant step toward ensuring that Solana remains a leading blockchain platform for years to come, able to support the growing demands of decentralized applications, GameFi, and DePIN with cutting-edge performance, scalability, and reliability.
About Marinade Finance
Marinade Finance is a non-custodial liquid staking protocol built for the Solana blockchain. By allowing users to stake SOL tokens and receive mSOL, a liquid staking derivative, Marinade enhances liquidity and incentivizes participation in Solana’s proof-of-stake consensus. The platform is designed to make staking more accessible and flexible while supporting the broader development of the Solana network.
About SuperSol
SuperSol is Solana’s first native Layer-2 scaling solution, built to optimize the network’s performance and scalability. Focusing on sectors like GameFi and DePIN, SuperSol is designed to meet the increasing demands of decentralized applications by providing enhanced efficiency, reliability, and real-time performance.
SuperSol is the brainchild of Eva Oberholzer, whose impressive credentials include former roles as Chief Strategy Officer at Cardano and Chief Growth Officer at ICP. With her extensive experience in protocol development, Oberholzer recognized Solana’s potential as a dominant force in the crypto world. This insight led her to tackle the ecosystem’s scalability challenges, particularly in the GameFi space. By founding SuperSol, Oberholzer aims to solidify Solana’s position as a leading asset class and drive the next wave of innovation in the blockchain industry.
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Cryptocurrency
Bitcoin’s $120K Rally in Jeopardy as Miners Flood Binance With $2B BTC

Bitcoin’s recent attempt to reclaim the $120,000 mark is facing new headwinds after Binance witnessed one of the largest single-day miner deposit spikes in months.
According to a report by CryptoQuant analyst Amr Taha, on July 25, miners sent over 18,000 BTC, worth more than $2 billion, to the exchange. The move coincided with a $650 million USDC withdrawal event, raising concerns over short-term liquidity pressure despite an otherwise bullish market backdrop.
Miner Behavior Flips
The uptick in miner deposits marks a sharp shift from their previously cautious stance. As recently as June 29, CryptoQuant data showed miners were holding onto their reserves, despite declining revenues and a slight 3.5% drop in Bitcoin’s hashrate. Analysts attributed this “HODL” behavior to strong unrealized profits and expectations of further upside.
However, Bitcoin’s July rally toward $120,000, just a few grand shy of its July 14 all-time high, appears to have triggered profit-taking. Taha suggested that rising operational costs and mining difficulty may also be compelling miners to liquidate some holdings to manage expenses.
He stated that such large inflows to exchanges have historically preceded periods of consolidation, as selling pressure temporarily outweighs new demand:
“While long-term sentiment remains bullish, this sharp inflow and capital movement may precede a period of consolidation or a local correction.”
The expert also noted that Binance had recorded its largest USDC net outflow in more than two months, with $650 million exiting the platform on the same day as the BTC inflow. This stablecoin drain suggests that some traders could be shifting funds to cold storage or alternative venues, potentially reducing immediate buy-side liquidity on the exchange.
Meanwhile, Binance has taken steps to adapt to shifting liquidity conditions. It recently launched Discount Buy, a feature allowing users to purchase crypto at below-market rates, potentially incentivizing accumulation during dips.
Taha suggested in his analysis that the platform is once again “becoming a focal point for short-term supply and liquidity shifts.”
Market Outlook
At the time of this writing, BTC was trading at $117,981, down slightly by 0.7% over the past 24 hours and 0.6% over the past week, while holding an 8.8% monthly gain.
The asset remains within a tight seven-day range of $115,184 to $119,568, perhaps indicating market indecision near key resistance.
Despite the sell-off, Bitcoin’s long-term fundamentals remain strong. Miner reserves had been climbing since March, with addresses holding 100 to 1,000 BTC accumulating 65,000 BTC, their highest level since November 2024, per CryptoQuant.
For now, traders are waiting to see if the flagship cryptocurrency can hold support above $115,000. If it does, analysts expect another attempt at breaking $120,000, potentially setting the stage for a retest of the all-time high.
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Cryptocurrency
GalaChain, Through Landmark Shrapnel Partnership, Secures Access to China’s Trusted Copyright Chain

[PRESS RELEASE – San Francisco, USA / CA, July 30th, 2025]
600 M-Gamer On-Ramp: GalaChain Secures TCC Access, Expands Gala Utility, and Welcomes Shrapnel
Gala today announced GalaChain’s position as the first foreign blockchain to collaborate with China’s Trusted Copyright Chain (TCC), a breakthrough that gives roughly 600 million gamers a cross-border path to NFTs in the world’s largest gaming market. Development of the cross-border bridge starts immediately, with full public launch targeted in Q1 2026.
“We are delighted to announce that Shrapnel has signed a cooperation agreement with Gala Games, a globally leading blockchain platform focused on the gaming sector, to establish a strategic partnership. Together, they will jointly invest in developing a large-scale FPS game targeting over 600 million Chinese gamers. This signing formally marks the beginning of a collaboration between the Gala Games Blockchain Platform and the Trusted Copyright Chain. This initiative will bridge the two major digital ecosystems, providing trusted digital infrastructure and professional services for the authentication, distribution, trading, and protection of digital assets in the global gaming industry,” said Xuan Hongliang, Director, National Operation Center of the Trusted Copyright Chain (TCC).
Key Highlights
- Regulatory first: The bridge will be compliant with Chinese laws and regulations, including registration of NFTs inside China, unlocking a compliant path to ≈ 600 million gamers.
- Economic flywheel: Shrapnel assets moving between China and the rest of the world consume $GALA, with an on-chain dashboard to display usage.
- Shrapnel may use up to 10 percent of China’s revenue for periodic $SHRAP repurchases on GalaChain to support ecosystem health, subject to market and regulatory conditions.
- Scaling GalaChain: Shrapnel network fees are powered by $GALA, materially expanding GalaChain ecosystem activity.
- Influencer alignment: Built-in invitation links (邀请链接) and invitation NFTs (邀请凭证) let Chinese content creators verify every wallet activation, badge claim, or play-test entry they facilitate. Each qualifying action consumes GALA, updates a public on-chain counter, and lets contributors pick up rewards.
- Developer momentum: AAA extraction shooter Shrapnel is migrating its entire economy from Avalanche to GalaChain. By moving its economy to GalaChain, Shrapnel gains faster finality, gas-efficient infrastructure with instant China compliance.
- Community participation: Community participation: A free commemorative Bridge Badge NFT will be dropped to all Gala wallets and Neon players, and a 72-hour public claim window welcomes newcomers. The badge guarantees first-wave Shrapnel play-test slots and becomes the first NFT mirrored on TCC.
Executive Quotes
Eric Schiermeyer, Founder & CEO, Gala Games
“We are honored to connect GalaChain to the Trusted Copyright Chain through our partnership with Shrapnel. Every cross‐chain transfer will consume GALA, reinforcing the network for players on both sides of the Pacific. Thanks to Shrapnel, we can now serve China’s vast gaming community through a platform built for performance and regulatory readiness.”
Ken Rossman, CEO, Neon Machine
“Through our groundbreaking partnership with GalaChain and the China Trusted Copyright Chain, we’re empowering hundreds of millions of players in China and beyond with true ownership of their in-game assets. This collaboration unlocks player-driven economies that are regulated and compliant, ensuring seamless cross-market access. Shrapnel players around the world can now own, trade, and monetize their gear, creating a unified, transparent, and innovative gaming ecosystem without borders.”
Resources & Press Kit: https://gogames.gala.com/uiGFM
About GalaChain
GalaChain is Gala’s high-throughput Layer 1, purpose-built for entertainment, gaming, and DeFi. Secured by a global node network with 1 $GALA gas fees, the chain powers Gala’s portfolio of AAA games, music drops, film premieres, DeFi apps, and other projects while offering developers turnkey APIs for wallets, royalties, and bridging, now including the new link to China’s Trusted Copyright Chain.
For more information, users can visit https://games.gala.com/ or follow Gala on X, Telegram, or Discord.
About the Trusted Copyright Chain (TCC)
The Trusted Copyright Chain is China’s national blockchain for registering and trading licensed digital assets. Operated under the National Press and Publication Administration, TCC timestamps copyrights, enforces royalty splits, and settles transactions in renminbi, giving rights-holders a compliant pathway to reach China’s 600-million-player market with digital asset ownership.
About Neon Machine
Neon Machine is an independent game studio behind Shrapnel, the first moddable premium shooter. Powered by GalaChain, Shrapnel pairs blockbuster visuals with true, on‐chain ownership of player‐generated gear and maps—delivering an open, creator‐driven economy.
Source
iResearch “2024 China Gaming Market Report”
DISCLAIMER: The purchase or sale of any token or digital asset involves risk. The information in this press release is provided for informational purposes only, and we urge you to read this material carefully and ask us any follow-up questions that you may have before joining the GalaChain platform. You should also consult with your legal, accounting, or tax advisors regarding any applicable laws, rules, or regulations that might govern your purchase of the digital assets discussed in this press release or your participation in the GalaChain platform, and regarding the tax or other financial implications of any purchase or sale. By your purchase or sale of any digital assets or tokens offered by GalaChain, you agree to assume the risks of such participation, and GalaChain disclaims any liability thereof. Digital assets are unregulated in many jurisdictions and may be subject to price volatility. You should conduct your own due diligence. Nothing in this release constitutes financial advice or an offer to sell in any jurisdiction where such activity is prohibited.
Media Contact: Press@gala.com
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Cryptocurrency
XRP to Flip ETH? ETF News Sparks 2017 Flashbacks

TL;DR
- XRP/BTC breaks 7-year range, signaling potential shift toward historical runs last observed in 2017.
- Ripple is close to settling with the SEC; ETF talks intensify as the market closely watches August developments.
- Whale wallets buy 60M XRP in 24 hours, adding $180M in buying pressure across exchanges.
- XRP trades at $3.10, which is close to its recent ATH; an analyst suggests a true breakout above $26.
XRP/BTC Breakout Ends 7 Years of Consolidation
XRP has broken out of a price range it held against Bitcoin for nearly seven years. According to crypto analyst Cas Abbé, XRP/BTC had been consolidating since 2018, with price movement largely sideways during that period. The pair has now moved above a long-term resistance level around 0.000035 BTC, a level that held for most of the consolidation phase.
XRP/BTC has now been consolidating for almost 7 years now.
The SEC case is over, and XRP spot ETFs are coming.
This might be the catalyst which could result in a breakout.
And once that happens, $XRP will rally like Q4 2024.
And maybe, it could go from top 3 to top 2 coin… pic.twitter.com/rKnjiVlL3I
— Cas Abbé (@cas_abbe) July 30, 2025
Interestingly, this breakout is drawing comparisons to XRP’s 2017 performance, when the token surged to the number two spot by market cap. XRP/BTC is currently testing a zone last visited during that cycle, between 0.00019 and 0.00023 BTC.
The analyst even hinted that XRP’s potential rise could take it to the number 2 spot in terms of market cap, meaning that it could flip ETH.
Legal Developments and ETF Speculation Fuel Momentum
Ripple’s legal case with the US SEC has reached a new stage. The two parties agreed to reduce the originally proposed $125 million fine to $50 million.
In addition, the injunction blocking Ripple from institutional XRP sales has been removed. A previous 60-day negotiation window ended in June, and a final extension is expected to close in August.
While some in the community expect a key update by August 15, legal analyst Bill Morgan clarified that the SEC has no formal deadline to drop its appeal by that date. Despite this, market participants continue to monitor legal progress closely, especially as talk of a spot XRP ETF gains attention.
The SEC has not withdrawn the Appeal in the Ripple matter yet. There is no deadline on the SEC to withdraw the appeal however the SEC needs to report to the appeal court by 15 August 2025, which acts as a deadline for the SEC to do something although it may just ask for more…
— bill morgan (@Belisarius2020) July 29, 2025
An approved ETF could expand access to XRP and possibly trigger further capital inflows, similar to what was seen with Bitcoin and Ethereum ETFs earlier in the year.
Market Activity, Whale Buying, and Network Signals
XRP was trading at $3.10 at press time, with a 24-hour trading volume of $5.6 billion. The token has seen a minor decline in the past 24 hours and an 11% drop over the last week. Its market cap currently stands at $183.5 billion, ranking it as the third-largest crypto asset.
On-chain analyst Ali Martinez reported that large holders bought 60 million XRP in the past 24 hours, a total worth over $180 million. This follows a steady rise in whale accumulation, with large investors increasing exposure over the last month.
In addition to price action and volume, on-chain indicators are signaling a possible continuation. Analyst Captain Redbeard reported that XRP’s NVT ratio, used to measure network value versus transaction volume, has dropped to multi-month lows while the price has continued to climb. This pattern last appeared before a strong XRP rally, suggesting a potential breakout setup.
Price Gaps and Criminal Case
Analyst Amonyx pointed out that XRP’s previous all-time high against Bitcoin would place its current USD value near $26.6. With XRP still priced at $3.10, the difference between current levels and historical peaks remains wide.
Separately, a criminal report involving XRP has emerged. Nancy Jones, the widow of country music artist George Jones, filed a report claiming $17 million worth of XRP was stolen. Her ex-boyfriend, Kirk West, was arrested at Nashville International Airport on July 24 in connection with the case.
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