At the 2024 Solana Breakpoint conference, Jupiter Exchange announced its acquisition of SolanaFM and Coinhall, enhancing its data and infrastructure capabilities.
This move aims to bolster real-time information access for users, solidifying Jupiter’s position as a leading decentralized exchange (DEX) on the Solana network.
The acquisition of SolanaFM, a native data explorer, will enable Jupiter to improve its services. Coinhall, known for its aggregating solutions on the Cosmos Chain, will integrate its features into Jupiter’s offerings, bringing expertise in pro-trading terminals and cross-chain capabilities.
Additionally, Jupiter and Coinhall are launching the Ape’s Pro trading terminal, which will focus on meme coin trading and offer real-time data streaming, dynamic fee structures, and protection against miner extractable value (MEV) issues.
The upcoming Jupiter Mobile will facilitate user onboarding to the Solana ecosystem, allowing transactions with zero fees and support for payment options like Apple Pay, Google Pay, and credit cards. The app will also include a one-tap swap feature for easy crypto purchases.
Further announcements included the Metropolis API platform, designed to simplify development on the DEX by offering accessible tools for integration with Solana’s liquidity. The introduction of the Jupiter RFQ aims to enhance liquidity on the platform by allowing market makers to provide liquidity efficiently.
Terraform Labs, the creator of the Terra (LUNA) ecosystem, has received court approval to wind down operations after settling fraud allegations with the U.S. SEC related to the collapse of its TerraUSD stablecoin and LUNA token, which caused $40 billion in losses in 2022.
In the next five years, government prosecutors and tax agencies are expected to utilize artificial intelligence to analyze blockchain data for crime detection, according to Chainalysis CEO Michael Gronager.
U.S. Congressman Warren Davidson has vocally criticized SEC Chair Gary Gensler, accusing the SEC of deliberately hindering Bitcoin ownership.
A U.S. district court has dismissed a lawsuit filed by Consensys Software Inc. against the Securities and Exchange Commission (SEC).