Day: March 11, 2025

Solana Revenue and TVL Plunge as Memecoin Mania Fades

Interest in Solana’s memecoin-driven surge has sharply declined, causing network revenue and total value locked (TVL) to plummet over the past two months. Solana’s weekly network revenue hit a record $55.3 million in mid-January, fueled by a memecoin minting frenzy. However, since then, revenue has collapsed by 93% to just $4 million last week, marking […]

Ethereum’s Holesky Testnet Restored After Pectra Issues

Ethereum’s Holesky testnet has finally regained finality after nearly two weeks of non-finalization, marking a crucial step in recovering from disruptions caused during the Pectra upgrade testing. On March 11, with over two-thirds of validators participating, Holesky successfully reached finality at Epoch 119090 at around 3 PM ET. Finality ensures transactions are permanently confirmed and […]

Thailand Approves Tether’s USDT, Boosting Crypto Adoption

Thailand’s Securities and Exchange Commission (SEC) has officially approved Tether’s USDT, making it the first stablecoin legally recognized for trade in the country. The decision cements Thailand’s status as a regional leader in digital asset innovation. With this approval, Thai exchanges can now legally offer USDT trading, and the stablecoin may also be accepted for […]

Mt. Gox Moves Nearly $1B in Bitcoin

Defunct crypto exchange Mt. Gox has moved nearly $1 billion worth of Bitcoin, marking its second large BTC transfer in less than a week. The move coincided with Bitcoin’s price dropping to a four-month low on March 11. According to blockchain analytics firm Lookonchain, citing Arkham Intelligence data, Mt. Gox transferred 11,833 BTC, valued at […]

Senate’s Stablecoin Bill Could Shake Up Crypto Industry

The U.S. Senate Banking Committee is set to vote this Thursday on a bipartisan stablecoin bill, the GENIUS Act, which could mark a major step toward regulatory clarity in the digital asset space. Introduced by Senators Bill Hagerty (R-TN) and Tim Scott (R-SC), the legislation outlines reserve requirements, transparency rules, audits, and licensing standards for […]

Russian Hackers Crash X, Musk Traces IPs to Ukraine

A Russian-backed hacking group, Dark Storm, has claimed responsibility for the March 10 cyberattack on X (formerly Twitter), which temporarily disrupted access for thousands of users worldwide. Cybersecurity firm SpyoSecure reported that Dark Storm took credit for the distributed denial-of-service (DDoS) attack in a now-deleted Telegram post. “To anyone wondering why X (Twitter) was down, […]