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Tag: Cryptocurrencies

MicroStrategy Resumes Bitcoin Purchases With $370 Million Acquisition

MicroStrategy acquired approximately $370 million worth of Bitcoin, returning to the market for the first time since June. The latest purchase was confirmed via an official announcement by executive chairman Michael Saylor on X. The company continues to solidify its position as the largest corporate holder of the leading cryptocurrency. MicroStrategy is back on the acquisition trail, breaking a months-long buying pause by scooping up $370...

Breaking, Cryptocurrencies, News

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Japanese Yen Plummets Past 160 Per Dollar to Hit One-Month Low, Sparking Intervention Fears

The Japanese yen depreciated past 160 per U.S. dollar, reaching its lowest level in a month amid persistent monetary policy divergence. The downward pressure on the currency has heightened market anxiety regarding potential intervention by Japanese monetary authorities. Foreign exchange volatility often reverberates through broader macroeconomic markets, influencing crypto and digital asset sentiment. The Japanese yen weakened past the...

Breaking, Cryptocurrencies, News

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Cronos Network Halts After Estimated $75 Million Exploit Hits Tectonic

Cronos validators halted the Crypto.com-linked chain on Sunday after an exploit at Tectonic, the network’s largest lending protocol. Onchain researcher Weilin Li estimates about $75 million was affected after TONIC was pumped roughly 100x in 20 minutes and used as collateral. Only about $6 million was bridged to Ethereum before the halt; most remaining assets are stranded on Cronos. Tectonic TVL fell from about $121.7 million to roughly $3...

Cryptocurrencies, Hacks, News

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Solana Validators Narrowly Pass First Governance Vote to Double SOL Disinflation

Solana’s SGP-0002 passed with 67.00% support, just above the two-thirds supermajority required for adoption. The measure doubles annual disinflation from 15% to 30%, targeting the 1.5% inflation floor around 2029 instead of 2032. Authors estimate about 18.9 million fewer SOL will be issued over the next six years. Kraken’s largest validator flipped most of its 8.92 million SOL stake from against to for in the final hours. A...

Cryptocurrencies, News, Solana

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Solana validators narrowly pass faster SOL issuance cuts in first network-wide vote

Solana validators approved SGP-0002, doubling the annual disinflation rate from 15% to 30%. The measure passed with 67% support and 60.7% participation, clearing a two-thirds threshold by a slim margin. The change is projected to cut about 18.9 million SOL in new issuance over six years and bring terminal 1.5% inflation forward to around 2029. A companion fee-burn proposal failed; a Solana Constitution proposal passed. Kraken and...

Altcoins, Cryptocurrencies, News

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