Solana revenue slumps 93% from January high after memecoin bubble bursts
Solana network revenue and total value locked onchain have collapsed in the past two months as interest in memecoins has continued to taper off. Weekly network revenue on the Solana blockchain hit a record high of $55.3 million in mid-January amid the height of the memecoin minting frenzy. However, revenue has since tanked 93% to […]
Hacking group ‘Dark Storm’ claims responsibility for DDoS attack on X
A hacking group with ties to Russia has claimed responsibility for the massive cyberattack on X, which saw the social media platform unable to be accessed by thousands of users, although user functionality was quickly restored. Cybersecurity group SpyoSecure said in a March 10 post to X that hacker group Dark Storm made a Telegram […]
US stablecoin bill gets update ahead of Senate banking group vote
US Senate Banking Committee is set to vote on a Republican-led stablecoin framework bill on March 13, after it was updated following consultation with committee Democrats. GOP Senator Bill Hagerty, one of the bill’s co-sponsors, said on March 10 that he introduced an update of the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) […]
Ethereum Foundation not behind $56M Sky deposit, developer says
An Ethereum developer rejected speculation that the Ethereum Foundation (EF) was behind a recent deposit of more than 30,000 Ether into the decentralized finance (DeFi) protocol Sky, formerly known as MakerDAO. On March 10, a wallet address deposited 30,098 Ether (ETH), worth about $56 million, into Sky. Crypto intelligence platform Arkham labeled the address “Ethereum […]
Why is XRP price down today?
XRP (XRP) mirrors the bearishness in the cryptocurrency market on March 11, with its price down approximately 7.50% in the last 24 hours to $2.08. At its intraday low, it was trading for $1.90. XRP/USD daily price chart. Source: TradingView Key catalysts driving the XRP prices lower today, include: Heightening US recession fears. US President […]
Trump’s Strategic Bitcoin Reserve and Digital Asset Stockpile, explained
A quick history of Trump’s statements and policies on crypto Donald Trump’s stance on cryptocurrency has shifted significantly over time. From 2019 to 2021, Trump expressed skepticism toward Bitcoin (BTC), calling it volatile and a threat to the US dollar, but by 2024, he reversed his stance, pledging support for crypto, proposing a US Strategic […]
VanEck registers Avalanche ETF in US as AVAX drops 55% year-to-date
Global investment firm VanEck registered an Avalanche exchange-traded fund (ETF) in the United States, hinting at a forthcoming filing for a spot AVAX ETF. VanEck, on March 10, registered a new cryptocurrency investment product called VanEck Avalanche ETF in Delaware, according to public records on the official Delaware state website. Similar to other crypto ETF filings by […]
Deutsche Boerse to launch Bitcoin, Ether institutional custody: Report
Deutsche Boerse’s trading unit, Clearstream, is preparing to launch cryptocurrency custody and settlement services for institutional clients in 2025 amid increasing demand for regulated digital asset infrastructure. The German exchange group plans to offer Bitcoin (BTC) and Ether (ETH) custody to its more than 2,500 institutional clients, with services expected to begin in April, according […]
The strategic crypto reserve will fuel ecosystem growth
Opinion by: Tim Haldorsson, founder of Lunar Strategy When US President Donald Trump announced the US strategic crypto reserve on March 2, the immediate focus fell on the price surges of the included coins. Behind the market excitement lies a much bigger story that extends far beyond the named assets themselves. The real opportunity lies […]
Meteora says co-founder’s X account hacked after ‘parasitic’ memecoin post
The X account of Meteora co-founder Ben Chow was reported to have been hacked after it posted a tweet reigniting the controversy around the launch of the Libra (LIBRA), Melania Meme (MELANIA) and Official Trump (TRUMP) memecoin tokens that ultimately led to his resignation. On March 11, Chow’s X account posted an “official statement” about […]
