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Solana Launches $100K Bounty to Boost Anchor Security, SOL Down Over 4%

The Solana Foundation has unveiled a new security bounty program aimed at strengthening the Anchor framework, a key development tool for Solana-based applications. The initiative, which offers rewards of up to $100,000, seeks to identify vulnerabilities that could compromise the integrity of production code. The foundation emphasized that the program targets flaws within the Anchor library itself, not issues arising from individual protocols or developer malpractice. Strengthening the Solana Developer Framework Anchor plays a central role in Solana’s smart contract ecosystem, providing developers with a simplified framework to build secure and efficient programs. By incentivizing community-led security reviews, the foundation hopes to enhance the framework’s resilience against critical bugs. The program covers vulnerabilities related to ownership validation, memory safety, and other core system checks. Rewards are structured based on the severity of the issue uncovered. High-impact discoveries, such as bypasses of key security controls , can earn between $10,000 and $100,000. Medium-level vulnerabilities, including potential denial-of-service (DoS) exploits, qualify for $5,000 to $25,000, while minor findings will receive between $100 and $5,000. The initiative reflects Solana’s broader commitment to maintaining a robust and transparent development environment as decentralized applications grow in complexity. Solana Price Declines Amid Market Correction While the Foundation focuses on infrastructure security, Solana’s native token, SOL, has faced renewed selling pressure. As of press time, SOL trades near $180.05 , down 4.69% in 24 hours and 18.61% over the past week. Its market capitalization stands at roughly $98.47 billion, supported by a circulating supply of 550 million tokens. Source: TradingView According to analyst KledjdiCuni, SOL’s recent breakdown below the $210 mark confirms a bearish reversal pattern. The analyst notes that repeated failures to hold higher highs have shifted control to sellers, signaling weakening momentum. The next key support lies around $170, followed by deeper retracement zones near $135 and $104. However, reclaiming the $220 threshold could negate the bearish setup and reestablish bullish sentiment. CoinOtag

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Japan’s Three Banking Heavyweights To Jointly Issue Stablecoins For Speedier Corporate Payments

Three of Japan’s top megabanks are reportedly developing a joint stablecoin protocol designed for businesses as institutional interest in blockchain-based digital money increases. CoinOtag