Solana generated some $8.7 million in economic value from network activity, up from just under $8 million one day prior, according to Blockworks Research.
Altcoin news
Co-founder of the Satoshi Action Fund Dennis Porter dubbed the legislation the “Bitcoin rights” bill.
Analysts at Hashkey Capital say altseason could find firmer footing once Bitcoin trades above $80,000.
Solana has surged by approximately 600% against Ethereum since 2023 thanks to the memecoin mania.
In episode 62 of the Hashing It Out podcast, host Elisha Owusu Akyaw explores Web3s attempt to disrupt internet infrastructure with Harrison Hines, CEO and co-founder of Fleek Network and Kyle Okamoto, chief technology officer of Aethir.
The v3 launch marks the DeFi protocol’s first big product rollout after a governance overhaul in October.
The fraudsters stole $21.6 million from over 40,000 investors to fund their lavish lifestyle, which also reportedly included $100,000 spent on sex workers.
Ethereum price followed the broader crypto market sell-off, but its longer term price weakness is driven by network-specific factors.
Bitcoin’s correction ignited selling in altcoins, which are slipping below critical support levels.
Ether price is down today after enduring a 9% decline in three days, and data suggests that the altcoin is poised for further downside.