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Solana Outage

Solana outage: the issues it raises

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Solana network experienced a significant outage on February 6. The outage led to the liquidation of $2.07 million long positions. Solana’s price dipped from $96.3 to $94. Questions arise about the long-term stability of Solana. The Outage Today, February 6, the Solana network experienced a significant outage. The network’s block production came to a halt, and engineers across the ecosystem were left scrambling to investigate...

Altcoins, Cryptocurrencies, Front page, Main, News

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Jupiter $JUP airdrop

What happened to the $JUP airdrop?

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The Jupiter ($JUP) airdrop was one of the largest ever to occur on the Solana network. The JUP price has corrected by 60% since the airdrop, with trading volumes skyrocketing to $1.2 billion. Of all eligible wallets, 41% have now claimed their JUP tokens, with a total of 566 million JUP being claimed since the airdrop went live. The cryptocurrency world has been abuzz with the recent airdrop of Jupiter tokens...

Airdrop, Front page, Main, News

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GBTC Outflows: A Threat or an Overreaction?

GBTC Outflows: A Threat or an Overreaction?

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GBTC moved more than $400 million worth of BTC to custodian Coinbase Prime. GBTC has bled $1.5 billion in investor assets since last Thursday. JPMorgan predicts an additional $10 billion in outflows if GBTC loses its liquidity advantage. Traders might be overstating the impact of GBTC selling. GBTC outflows find a counterpart in net inflows to the remaining spot Bitcoin ETF funds. The GBTC Outflows The Grayscale Bitcoin...

Bitcoin, Front page, Main, News

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Crypto Market Update: December 18, 2023

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Despite a challenging macro- and industry environment, the total cryptocurrency market cap rose +98.61% during 2023 to reach US$1.6 trillion. Last week’s crypto market prices dropped by -4.51%, volume decreased by -9.67%, and volatility increased by +77.13%. The market for Solana Saga smartphones is witnessing an unprecedented surge, with recent sales on eBay reaching as high as $5,000. This spike in demand and value is primarily driven by...

Bitcoin, Crypto market, Cryptocurrencies, News

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Rocket Pool's rETH Trade Volume Skyrockets

Rocket Pool’s rETH Trade Volume Skyrockets

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Rocket Pool’s rETH, a liquid staking token for Ethereum, has witnessed a surge in trade volume. The Atlas upgrade and the Ethereum Shanghai upgrade have contributed to the growth of rETH. Rocket Pool’s decentralized approach and innovative features position it well to capture a significant share of the liquid staking market. Rocket Pool’s rETH Trade Volume Soars, Outpacing Lido’s stETH Rocket...

Ethereum, Front page, Main, News, Staking

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