ChainCatcher news, according to Cointelegraph, the cryptocurrency investment platform DeFi Technologies has created a new company called SolFi, aiming to become "the MicroStrategy of Solana."DeFi Technologies stated that its subsidiary SolFi is fully focused on "providing investors direct access to the Solana blockchain ecosystem through proprietary trading, validator node operations, and ecosystem investments." It added that SolFi will compete with existing SOL staking platforms, aiming to offer higher staking SOL yields.

ChainCatcher news, on-chain analyst ZachXBT stated that the deployer address of Magnate Finance on Base is directly linked to the $4.8 million exit scam of Solfire, and an exit scam may occur soon.Currently, the total value locked (TVL) in Magnate Finance exceeds $6.4 million.