Solana Network Faces Congestion Amidst Rising Popularity

The increased user activity and popularity on the Solana blockchain, which focuses on smart contracts, have put a heavy strain on its system. Some users contend that this issue has persisted since the beginning and thus choose to remain with the service. The founders assure customers that the developers have begun working on resolving the … Read more

Controversy over Texas Federal Court Judge Reassignment

Chief Judge Alia Moses of a federal trial court in Texas has sparked debate by proposing to relocate newly appointed Judge Ernest Gonzalez from the Del Rio division to Austin’s courthouse. This proposal raised concerns among Republican senators who played a role in Gonzalez’s appointment. Nevertheless, Judge Moses insisted that her intention wasn’t driven by … Read more

Options market projects Bitcoin’s chances of reaching $100k

Approximately 600 call options for Bitcoin with a strike price of $100,000 each were bought or sold in a large transaction today. Based on Greeks.live’s report, the traders held potential values of approximately $45 million and $8.5 million from their options on Bitcoin. The confidence in Bitcoin’s price reaching or surpassing $100,000, according to the … Read more

Ethena Labs scores $250m allocation for USDeFRAX pool

Ethena Labs, a company specializing in creating synthetic dollars, was given approval by the US authorities to collaborate with Frax Finance and establish a USDeFRAX liquidity pool. This pool aims to increase the earnings from the FRAX stablecoin for both parties involved. At Ethena Labs, the proposed Singularity Roadmap was accepted, empowering the protocols to … Read more

CryptoQuant shares reasons behind Bitcoin’s $70k recovery

The author of CryptoQuant expressed their perspective on Bitcoin‘s price rebounding above $70,000 following a series of corrections over the past few weeks. An expert explains that Bitcoin‘s (BTC) price bounced back after a few weeks due to multiple factors. Initially, investors in the crypto market reaped substantial profits, amounting to $2.7 billion. Concurrently, selling … Read more