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Phantom experienced delays due to a significant spike in user activity, processing millions of requests. Despite the congestion, Phantom handled $1.25 billion in volume and 10 million transactions in one day. Jupiter also faced high traffic, issuing an apology and working to restore service. Phantom, a self-custodial crypto wallet that allows users to buy, store,…
Texas is making history by creating a state Bitcoin reserve, with Lieutenant Governor Dan Patrick prioritizing Senate Bill 21 for 2025. Other states like Pennsylvania, Ohio, Florida, and Wyoming are also exploring Bitcoin reserves, but Texas’ plan is the most ambitious. Bitcoin is seen as a hedge against inflation, and Texas aims to lead digital…
XRPL is activating the Automated Market Maker (AMM) feature for RLUSD. The upgrade goes live on Thursday at 7:37 PM UTC after surpassing an 80% validator consensus. XRP is trading at $3.10, marking a 1.3% gain over the past 24 hours. The XRP Ledger (XRPL) is set to debut a new Automated Market Maker (AMM)…
Errol Musk plans to raise $150M–$200M through “Musk It” token to fund a for-profit think tank, Musk Institute. Musk It surged 1780% after Errol’s endorsement, but skepticism remains due to unclear roadmap and memecoin volatility. Elon Musk has no involvement in Musk It and previously called Errol a “terrible human being” in his biography. Errol…
Vitalik Buterin believes political tokens can drive bribery. Experts flag the liquidity imbalance around these memecoins. TRUMP and MELANIA serve as the best example to showcase this faulty wealth distribution. Ethereum co-founder Vitalik Buterin believes the advent of political tokens may be a medium to populate bribery. He voiced this opinion during a wider discussion…
Crypto.com has made deliberate moves to expand its trading services around the world through regulated means. The CRO token is heavily incentivized in the Crypto.com ecosystem including rewards to its card holders. Amid the ongoing short-term bearish crypto outlook, Cronos , a vibrant layer one (L1) chain backed by Crypto.com, has dropped more than 35%…
Ali Martinez highlighted that Compound (COMP) is trading in a parallel channel, forming lower highs and lower lows. The prominent analyst predicted a decline of 11% to $69 for the COMP token. COMP is trading at $77.89, surging a substantial 3.6% in the last 24 hours, claiming a market cap of $694.57 million. COMP ,…
The rising cash inflows to the Solana network have increased the popularity of Bitcoin and other digital assets amid the macro bullish outlook. Solana price will soon reach the thrilling phase of the 2025 bull rally after hitting a new ATH on Sunday. The Solana (SOL) network, a leading layer one (L1) blockchain housing a…
Trump’s social media post triggered a brief surge in the FAFO Barron token, which later lost 91% of its value. The FAFO Barron token’s market cap dropped to $10,000, raising concerns about potential rug-pull schemes on Pump.fun. Hackers used Visa’s Facebook account to promote a fraudulent Solana token, $VISA, which quickly collapsed after exposure. A…
Cardano’s Plomin hard fork is set to go live on January 29. The Binance Exchange has confirmed plans to support the upgrade. This event will usher Cardano into a user-centric governance system for Cardano users. The Cardano ecosystem is about to undergo a major network upgrade and hard fork on January 29, 2025. This development…