On May 27, 2025, the 4-hour diagram Sol/USD created an ascending triangle pattern. An ascending triangle forms when a horizontal resistance line corresponds to an increasing trend line, which regularly indicates a possible bullish outbreak.
Solana / US dollar (SOL / USD), 4-hour diagram. Source: Tradingview
If this pattern confirms, the worth of the present level of $ 174.81 to approx. 258.73 $ by 48% can gather. The Breakout goal relies at the peak of the triangle, which was added to the resistance level near 175 US dollars.
The exponential sliding 50-period average (EMA), which is currently $ 174.06, serves as dynamic support and is slightly below the worth. This positioning gives the support zone strength.
The relative strength index (RSI), which measures the impulse, is 49.36-ins overall below the neutral level of fifty. The RSI line and the sliding average of 14 periods remain flat, which indicates indecisiveness and the potential for a powerful train when confirming the outbreak.
The volume stays stable, around 42,360, which supports consolidation. However, confirmation requires a 4-hour closure over the red resistance line, accompanied by a transparent volume tip.
Until then, the rising triangle keeps up, whereby buyers put resistance under pressure and step by step lose the bottom.
Hacker Leak Solana co-founder of the co-founder of the co-founder in regards to the Instagram account of Migos
In the meantime, on May 27, 2025, Hacker leaked private data from Solana co-founder Raj Gokal by kidnapping Rapper Migos Instagram account. The attackers uploaded the pass from Gokal and know their customer documents (KYC) along with personal information in connection together with his family. The post that the caption “You must have paid 40 BTC” remained alive for nearly an hour before Instagram decreased.
Solana co-founder of Migos' Instagram. Source: Solanafloor on X
Per week earlier, Gokal had publicly warned that unknown people tried to realize access to his Google, Apple and Social Media accounts. According to reports, the extension test required 40 Bitcoin (BTC) in an exchange so as to not publish the stolen materials.
The Blockchain investigator ZachxBT explained to X that the non-public accounts of Gokal were probably impaired by social engineering. According to his contribution, the attackers used the non-public data obtained in a blackmail campaign. After Gokal supposedly refused to pay, they escalated the incident by crossing the data through a top -class distinguished account.
ZachxBT confirms that Solana co-founders are attacked on social engineering attching. Source: @zachxbt
The poured-out content contained pictures of Gokal and the passes of his wife, the driving force licenses, the phone numbers and the apparently Kyc-related photos.
In a separate incident, Coinbase confirmed an extended -term data injury that exposed sensitive information from 69,461 users. According to a recent submission of the official submission, the unauthorized access began on December 26, 2024 and lasted several months. According to reported, the endangered data accommodates each personal and financial details.
Coinbase explained that lower than 1% of his monthly transactions were affected. However, the disclosure triggered a category motion lawsuit. The plaintiffs claim that the corporate delayed the data in regards to the violation and contributed to a decline within the Coinbase share prices.
Both incidents underline the growing risk of digital identity exposure and platform security within the cryptocurrency area.
On May 23, 2025, the Solana Foundation demonstrated the Solana Desation Service (SAS), a decentralized identity examination protocol that goals to simplify compliance throughout the network. With the tool, decentralized applications outside of the chain data equivalent to KYC checks (customer) and user acidification can know without saving or editing sensitive user information.
SAS introduced cryptographically signed login information that users can reuse over platforms. After checking, a user doesn’t must repeat onboarding steps when switching between applications. This makes the review faster and safer. The Solana Foundation explained that SAS compliance efforts, access control, status reviews and programmable identity functions in its ecosystem support.
The protocol eliminates the necessity that developers create and maintain their very own identity systems and significantly reduce the trouble as a way to integrate compliance with decentralized products. According to the inspiration, SAS applies to several applications, including compliance with regulated financing, identity-based access in blockchain games and the symbol attack in decentralized autonomous organizations. It may check the user location for networked devices and support regional restrictions or status authorizations.
The Solana identity group starts SAS as an institutional adoption
The Solana Identity Group, to which Civic, Solana.ID, Solid, Trusta Labs and the Solana Foundation itself, were the primary product. This group goals to develop identity tools that preserve privacy and meet the necessities of Web3 environments.
NZUBE Ezido, Country Lead for Solana Superteam NG, described SAS as a vital milestone for the infrastructure of the network. He said that the protocol could grow to be of essential importance for maintaining trust between the systems outside of chains and on chains, especially if Solana obtains the relevance of the capital markets and the combination of real assets.
NZUBE EZUDO calls SAS a vital primitive for capital markets. Source: @nbeteezudo
The institutional interest in Solana has increased in recent months as a consequence of its low transaction fees and high -speed infrastructure. The blockchain company R3, which manages assets of over 10 billion US dollars on its Corda platform, is now working with Solana to customers on board customers equivalent to HSBC and other major financial institutions. At the identical time, the US-based crypto Exchange octopuses confirmed plans to make use of the Solana network to supply international trade in US stocks.
These developments indicate the growing role of Solana when bridging traditional financing with the Blockchain infrastructure. The start of SAS strengthens its position as a core component on this transformation.
