Anatoly Yakovenko, the co-founder of Solana Labs, is calling on Web3 entrepreneurs to prepare for the unexpected—specifically, the kind of brutal downturns that can shake even the most promising crypto ventures.
In a recent social media post, Yakovenko advised project leaders to regularly simulate extreme market conditions. His suggestion: run a quarterly drill imagining a catastrophic 95% market crash. These “fire drills,” he explained, aren’t just hypothetical exercises—they’re strategic planning tools meant to expose operational weaknesses before real chaos hits.
To guide these simulations, he proposed three key questions every team should confront:
Yakovenko also warned against complacency, noting that declarations of Solana’s dominance could backfire. In his view, the network’s real strength lies not in short-term hype but in continued, disciplined development. While Solana has made strides, he emphasized, it’s far from “finished”—and so is the broader crypto journey.
Coinbase has taken a major step toward expanding its decentralized finance (DeFi) presence by bringing onboard the leadership team behind Opyn Markets, a prominent name in the DeFi derivatives space.
Grayscale Investments has called on the U.S. Securities and Exchange Commission (SEC) to allow the launch of its multi-crypto ETF—the Grayscale Digital Large Cap Fund—arguing that further delays violate statutory deadlines and harm investors.
Robinhood has officially introduced Ethereum (ETH) and Solana (SOL) staking services for its U.S. customers, offering a new way for users to earn rewards on their crypto holdings.
Binance CEO Richard Teng shared an optimistic outlook on the future of cryptocurrencies during an appearance on Mornings with Maria, highlighting growing global acceptance, regulatory progress, and strategic reserve integration.