Jupiter Lend unveils its first institutional partnership and external asset manager integration as it kicks off the next chapter of decentralized finance (DeFi) on Solana. The announcement added that Bitwise and Ethena have partnered “to create a dedicated, institutional-grade lending market on Jupiter Lend,” marking one of the more clear indicators so far that major crypto-native companies have started to engage in serious work with Solana-based DeFi infrastructure. This announcement puts Jupiter Lend at the cutting edge of an emerging trend of institutional onchain lending markets designed for large capital pools, risk oversight management and segregated liquidity. The deal combines

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Jupiter Exchange has embarked on an exhilarating yet crucial initiative for its community: the maiden buyback program for its token, $JUP. And this initiative is already making waves, with the buyback effort showing some remarkable progress just 17 hours after its launch. The repurchase effort aims to bolster the token’s value by removing some supply from the market, and it’s certainly an exciting and somewhat bullish move for the ecosystem. Here’s a closeup of the buyback and what it means for the community. A Record-Breaking Buyback in Just 17 Hours In the first 17 hours, the Jupiter Exchange repurchased an

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Jup’s price is down by more than half since it started to lose momentum from its December peak. It just broke down a critical support level to signal an extension in the short-term bearish – now the top loser of the day. Following multiple rejections since last December, Jup recently initiated a recovery but failed to push above the $1 level after a week’s attempt. That led to another sudden rejection last week and the asset rolled back, closing above $0.85. As the bears mounted pressure this week, the supply level increased and the price fell to a daily low

The post JUPITER PRICE ANALYSIS & PREDICTION (February 18) – Jup Signals Broader Bearish Phase Following a Fresh Breakdown, Where Next? appeared first on The Merkle News.

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In a shocking turn of events earlier today, the X (formerly Twitter) account for Jupiter Exchange was compromised, leading to a rapid and costly loss for traders who fell victim to a fake token scam. The hack, which took place in a matter of minutes, saw unsuspecting traders rush to purchase a fraudulent token launched by the hacker. Unfortunately for many, including one user, ilydontrugme.sol, the scam resulted in an immediate loss of $3,600 in a matter of minutes. While the hack caused panic and confusion, Jupiter Exchange has since regained control of the compromised account and reassured its users

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