Category: Cryptocurrency News

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 around $4 million in the past week, back to levels not seen since September, according to DeFillama data. Solana weekly decentralized application (DApp) revenue has also slumped around 86% from $238 million in mid-January to $32 million for the past week.  Meanwhile, DeFi total value locked on Solana has also declined by almost 50% over the same period, falling from a January high of just over $12 billion to current levels of around $6.4 billion. Solana weekly revenue and TVL. Source: DeFillamaMemecoin trading, primarily on the Pump.fun platform comprises roughly 80% of the Solana blockchain’s revenues, according to a March 5 report by VanEck. Pump.fun daily revenue hit a peak of $15 million in late January but has since slumped by around 95% to $800,000 on March 7, according to data from Dune Analytics. Memecoin mania peaked when Donald Trump launched his own namesake token (TRUMP) on Jan. 18, shortly followed by his wife, Melania, who launched MELANIA on Jan. 20.“The launch of TRUMP and MELANIA marked the top for memecoins as it sucked liquidity and attention out of all the other cryptocurrencies,” said CoinGecko founder Bobby Ong on March 6. Both tokens surged following their launches but dumped in the days that followed. TRUMP is currently down 86% from its peak, trading at $10.50, while MELANIA has collapsed 95% in just seven weeks to $0.71.Related: Solana down 45% since Trump token launch as memecoins divert liquidityMemecoin market cap hit a peak of $137 billion in December but has since tanked 68% to $44 billion, according to CoinMarketCap. Memecoin market cap meltdown. Source: CoinMarketCapSolana (SOL) prices have also taken a battering over the past few weeks, resulting in a 58% fall from their mid-January all-time high of $293. The asset was down a further 5% on the day, trading at $122 at the time of writing. Magazine: Bitcoin’s odds of June highs, SOL’s $485M outflows, and more: Hodler’s Digest

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 around $4 million in the past week, back to levels not seen since September, according to DefiLlama data. Solana weekly decentralized application (DApp) revenue has also slumped around 86% from $238 million in mid-January to $32 million for the past week.  Meanwhile, DeFi total value locked on Solana has also declined by almost 50% over the same period, falling from a January high of just over $12 billion to current levels of around $6.4 billion. Solana weekly revenue and TVL. Source: DefiLlamaMemecoin trading, primarily on the Pump.fun platform comprises roughly 80% of the Solana blockchain’s revenues, according to a March 5 report by VanEck. Pump.fun daily revenue hit a peak of $15 million in late January but has since slumped by around 95% to $800,000 on March 7, according to data from Dune Analytics. Memecoin mania peaked when Donald Trump launched his own namesake token (TRUMP) on Jan. 18, shortly followed by his wife, Melania, who launched MELANIA on Jan. 20.“The launch of TRUMP and MELANIA marked the top for memecoins as it sucked liquidity and attention out of all the other cryptocurrencies,” said CoinGecko founder Bobby Ong on March 6. Both tokens surged following their launches but dumped in the days that followed. TRUMP is currently down 86% from its peak, trading at $10.50, while MELANIA has collapsed 95% in just seven weeks to $0.71.Related: Solana down 45% since Trump token launch as memecoins divert liquidityMemecoin market cap hit a peak of $137 billion in December but has since tanked 68% to $44 billion, according to CoinMarketCap. Memecoin market cap meltdown. Source: CoinMarketCapSolana (SOL) prices have also taken a battering over the past few weeks, resulting in a 58% fall from their mid-January all-time high of $293. The asset was down a further 5% on the day, trading at $122 at the time of writing. Magazine: Bitcoin’s odds of June highs, SOL’s $485M outflows, and more: Hodler’s Digest

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 around $4 million in the past week, back to levels not seen since September, according to DefiLlama data. Solana weekly decentralized application (DApp) revenue has also slumped around 86% from $238 million in mid-January to $32 million for the past week.  Meanwhile, DeFi total value locked on Solana has also declined by almost 50% over the same period, falling from a January high of just over $12 billion to current levels of around $6.4 billion. Solana weekly revenue and TVL. Source: DefiLlamaMemecoin trading, primarily on the Pump.fun platform comprises roughly 80% of the Solana blockchain’s revenues, according to a March 5 report by VanEck. Pump.fun daily revenue hit a peak of $15 million in late January but has since slumped by around 95% to $800,000 on March 7, according to data from Dune Analytics. Memecoin mania peaked when Donald Trump launched his own namesake token (TRUMP) on Jan. 18, shortly followed by his wife, Melania, who launched MELANIA on Jan. 20.“The launch of TRUMP and MELANIA marked the top for memecoins as it sucked liquidity and attention out of all the other cryptocurrencies,” said CoinGecko founder Bobby Ong on March 6. Both tokens surged following their launches but dumped in the days that followed. TRUMP is currently down 86% from its peak, trading at $10.50, while MELANIA has collapsed 95% in just seven weeks to $0.71.Related: Solana down 45% since Trump token launch as memecoins divert liquidityMemecoin market cap hit a peak of $137 billion in December but has since tanked 68% to $44 billion, according to CoinMarketCap. Memecoin market cap meltdown. Source: CoinMarketCapSolana (SOL) prices have also taken a battering over the past few weeks, resulting in a 58% fall from their mid-January all-time high of $293. The asset was down a further 5% on the day, trading at $122 at the time of writing. Magazine: Bitcoin’s odds of June highs, SOL’s $485M outflows, and more: Hodler’s Digest

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 around $4 million in the past week, back to levels not seen since September, according to DefiLlama data. Solana weekly decentralized application (DApp) revenue has also slumped around 86% from $238 million in mid-January to $32 million for the past week.  Meanwhile, DeFi total value locked on Solana has also declined by almost 50% over the same period, falling from a January high of just over $12 billion to current levels of around $6.4 billion. Solana weekly revenue and TVL. Source: DefiLlamaMemecoin trading, primarily on the Pump.fun platform comprises roughly 80% of the Solana blockchain’s revenues, according to a March 5 report by VanEck. Pump.fun daily revenue hit a peak of $15 million in late January but has since slumped by around 95% to $800,000 on March 7, according to data from Dune Analytics. Memecoin mania peaked when Donald Trump launched his own namesake token (TRUMP) on Jan. 18, shortly followed by his wife, Melania, who launched MELANIA on Jan. 20.“The launch of TRUMP and MELANIA marked the top for memecoins as it sucked liquidity and attention out of all the other cryptocurrencies,” said CoinGecko founder Bobby Ong on March 6. Both tokens surged following their launches but dumped in the days that followed. TRUMP is currently down 86% from its peak, trading at $10.50, while MELANIA has collapsed 95% in just seven weeks to $0.71.Related: Solana down 45% since Trump token launch as memecoins divert liquidityMemecoin market cap hit a peak of $137 billion in December but has since tanked 68% to $44 billion, according to CoinMarketCap. Memecoin market cap meltdown. Source: CoinMarketCapSolana (SOL) prices have also taken a battering over the past few weeks, resulting in a 58% fall from their mid-January all-time high of $293. The asset was down a further 5% on the day, trading at $122 at the time of writing. Magazine: Bitcoin’s odds of June highs, SOL’s $485M outflows, and more: Hodler’s Digest

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 post taking credit for the distributed denial-of-service (DDoS) attack, which was posted by the group’s leader. “To anyone wondering why X (Twitter) was down, it was under attack by Dark Storm Team,” SpyoSecure said. Source: SpyoSecureThe Telegram channel has since been deleted for violating the platform’s terms of service. Screenshots shared on X show them stating they “took Twitter offline,” alongside a screenshot of failed connection attempts from various global locations.Ed Krassenstein, a social media personality and co-founder of NFT marketplace NFTz.me, said in a March 10 post to X that he had also been investigating the attack and was in touch with Dark Storm’s leader, who again claimed they were behind it. “The reason he gives me for the attack is just a demonstration of our strength, with no political motives,” Krassenstein said.The pro-Palestinian hacker group Dark Storm has been active since 2023, has ties to Russia, and is known for targeting NATO countries. Platform owner Elon Musk confirmed the social media platform had been hit with a cyberattack preventing some users from accessing the site on March 10.He said in a March 10 interview with Fox Business’s Larry Kudlow he had a rough idea of where the IP address of the hackers originated. “We’re not sure exactly what happened but there was a massive cyberattack to try and bring down the X system with IP addresses originating in the Ukraine area.”Related: US Treasury sued for giving Elon Musk’s DOGE access to sensitive infoIt comes amid violence at Tesla facilities around the US as part of a broader “Take down Tesla” movement protesting Musk’s Department of Government Efficiency (DOGE), which is taking the axe to many government departments. Musk told Kudlow that regardless of the protests, he still thinks they are “doing the right thing here” because DOGE is cutting spending to initiatives “very few taxpayers would agree make sense.” Tesla stock is also suffering. In the most recent trading session, Tesla is down over 15% to $222 per share. In the after-hours session, it’s down a further 3% to $215, according to Google Finance. Tesla stock is down in its most recent trading session amid protests over Elon Musk’s Department of Government Efficiency. Source: Google FinanceOverall, the stock has been up 24% over the past year; however, it’s still down from its all-time high of $480 set on Dec. 17, 2024.This isn’t the first time X has suffered a DDoS attack. Last August, Musk claimed the platform was hit by hackers prior to his interview with then-presidential hopeful Donald Trump. Magazine: Bitcoin’s odds of June highs, SOL’s $485M outflows, and more: Hodler’s Digest, March 2 – 8

A Russian-backed hacking group 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 post taking credit for the distributed denial-of-service (DDoS) attack, which was posted by the group’s leader. “To anyone wondering why X (Twitter) was down, it was under attack by Dark Storm Team,” SpyoSecure said. Source: SpyoSecureThe Telegram channel has since been deleted for violating the platform’s terms of service. Screenshots shared on X show them stating they “took Twitter offline,” alongside a screenshot of failed connection attempts from various global locations.Ed Krassenstein, a social media personality and co-founder of NFT marketplace NFTz.me, said in a March 10 post to X that he had also been investigating the attack and was in touch with Dark Storm’s leader, who again claimed they were behind it. “The reason he gives me for the attack is just a demonstration of our strength, with no political motives,” Krassenstein said.The Russian-backed pro-Palestinian hacker group Dark Storm has been active since 2023 and is known for targeting NATO countries. Platform owner Elon Musk confirmed the social media platform had been hit with a cyberattack preventing some users from accessing the site on March 10.He said in a March 10 interview with Fox Business’s Larry Kudlow he had a rough idea of where the IP address of the hackers originated. “We’re not sure exactly what happened but there was a massive cyberattack to try and bring down the X system with IP addresses originating in the Ukraine area.”Related: US Treasury sued for giving Elon Musk’s DOGE access to sensitive infoIt comes amid violence at Tesla facilities around the US as part of a broader “Take down Tesla” movement protesting Musk’s Department of Government Efficiency (DOGE), which is taking the axe to many government departments. Musk told Kudlow that regardless of the protests, he still thinks they are “doing the right thing here” because DOGE is cutting spending to initiatives “very few taxpayers would agree make sense.” Tesla stock is also suffering. In the most recent trading session, Tesla is down over 15% to $222 per share. In the after-hours session, it’s down a further 3% to $215, according to Google Finance. Tesla stock is down in its most recent trading session amid protests over Elon Musk’s Department of Government Efficiency. Source: Google FinanceOverall, the stock has been up 24% over the past year; however, it’s still down from its all-time high of $480 set on Dec. 17, 2024.This isn’t the first time X has suffered a DDoS attack. Last August, Musk claimed the platform was hit by hackers prior to his interview with then-presidential hopeful Donald Trump. Magazine: Bitcoin’s odds of June highs, SOL’s $485M outflows, and more: Hodler’s Digest, March 2 – 8

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 post taking credit for the distributed denial-of-service (DDoS) attack, which was posted by the group’s leader. “To anyone wondering why X (Twitter) was down, it was under attack by Dark Storm Team,” SpyoSecure said. Source: SpyoSecureThe Telegram channel has since been deleted for violating the platform’s terms of service. Screenshots shared on X show them stating they “took Twitter offline,” alongside a screenshot of failed connection attempts from various global locations.Ed Krassenstein, a social media personality and co-founder of NFT marketplace NFTz.me, said in a March 10 post to X that he had also been investigating the attack and was in touch with Dark Storm’s leader, who again claimed they were behind it. “The reason he gives me for the attack is just a demonstration of our strength, with no political motives,” Krassenstein said.The pro-Palestinian hacker group Dark Storm has been active since 2023, has ties to Russia, and is known for targeting NATO countries. Platform owner Elon Musk confirmed the social media platform had been hit with a cyberattack preventing some users from accessing the site on March 10.He said in a March 10 interview with Fox Business’s Larry Kudlow he had a rough idea of where the IP address of the hackers originated. “We’re not sure exactly what happened but there was a massive cyberattack to try and bring down the X system with IP addresses originating in the Ukraine area.”Related: US Treasury sued for giving Elon Musk’s DOGE access to sensitive infoIt comes amid violence at Tesla facilities around the US as part of a broader “Take down Tesla” movement protesting Musk’s Department of Government Efficiency (DOGE), which is taking the axe to many government departments. Musk told Kudlow that regardless of the protests, he still thinks they are “doing the right thing here” because DOGE is cutting spending to initiatives “very few taxpayers would agree make sense.” Tesla stock is also suffering. In the most recent trading session, Tesla is down over 15% to $222 per share. In the after-hours session, it’s down a further 3% to $215, according to Google Finance. Tesla stock is down in its most recent trading session amid protests over Elon Musk’s Department of Government Efficiency. Source: Google FinanceOverall, the stock has been up 24% over the past year; however, it’s still down from its all-time high of $480 set on Dec. 17, 2024.This isn’t the first time X has suffered a DDoS attack. Last August, Musk claimed the platform was hit by hackers prior to his interview with then-presidential hopeful Donald Trump. Magazine: Bitcoin’s odds of June highs, SOL’s $485M outflows, and more: Hodler’s Digest, March 2 – 8

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 post taking credit for the distributed denial-of-service (DDoS) attack, which was posted by the group’s leader. “To anyone wondering why X (Twitter) was down, it was under attack by Dark Storm Team,” SpyoSecure said. Source: SpyoSecureThe Telegram channel has since been deleted for violating the platform’s terms of service. Screenshots shared on X show them stating they “took Twitter offline,” alongside a screenshot of failed connection attempts from various global locations.Ed Krassenstein, a social media personality and co-founder of NFT marketplace NFTz.me, said in a March 10 post to X that he had also been investigating the attack and was in touch with Dark Storm’s leader, who again claimed they were behind it. “The reason he gives me for the attack is just a demonstration of our strength, with no political motives,” Krassenstein said.The pro-Palestinian hacker group Dark Storm has been active since 2023, has ties to Russia, and is known for targeting NATO countries. Platform owner Elon Musk confirmed the social media platform had been hit with a cyberattack preventing some users from accessing the site on March 10.He said in a March 10 interview with Fox Business’s Larry Kudlow he had a rough idea of where the IP address of the hackers originated. “We’re not sure exactly what happened but there was a massive cyberattack to try and bring down the X system with IP addresses originating in the Ukraine area.”Related: US Treasury sued for giving Elon Musk’s DOGE access to sensitive infoIt comes amid violence at Tesla facilities around the US as part of a broader “Take down Tesla” movement protesting Musk’s Department of Government Efficiency (DOGE), which is taking the axe to many government departments. Musk told Kudlow that regardless of the protests, he still thinks they are “doing the right thing here” because DOGE is cutting spending to initiatives “very few taxpayers would agree make sense.” Tesla stock is also suffering. In the most recent trading session, Tesla is down over 15% to $222 per share. In the after-hours session, it’s down a further 3% to $215, according to Google Finance. Tesla stock is down in its most recent trading session amid protests over Elon Musk’s Department of Government Efficiency. Source: Google FinanceOverall, the stock has been up 24% over the past year; however, it’s still down from its all-time high of $480 set on Dec. 17, 2024.This isn’t the first time X has suffered a DDoS attack. Last August, Musk claimed the platform was hit by hackers prior to his interview with then-presidential hopeful Donald Trump. Magazine: Bitcoin’s odds of June highs, SOL’s $485M outflows, and more: Hodler’s Digest, March 2 – 8

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 post taking credit for the distributed denial-of-service (DDoS) attack, which was posted by the group’s leader. “To anyone wondering why X (Twitter) was down, it was under attack by Dark Storm Team,” SpyoSecure said. Source: SpyoSecureThe Telegram channel has since been deleted for violating the platform’s terms of service. Screenshots shared on X show them stating they “took Twitter offline,” alongside a screenshot of failed connection attempts from various global locations.Ed Krassenstein, a social media personality and co-founder of NFT marketplace NFTz.me, said in a March 10 post to X that he had also been investigating the attack and was in touch with Dark Storm’s leader, who again claimed they were behind it. “The reason he gives me for the attack is just a demonstration of our strength, with no political motives,” Krassenstein said.The pro-Palestinian hacker group Dark Storm has been active since 2023, has ties to Russia, and is known for targeting NATO countries. Platform owner Elon Musk confirmed the social media platform had been hit with a cyberattack preventing some users from accessing the site on March 10.He said in a March 10 interview with Fox Business’s Larry Kudlow he had a rough idea of where the IP address of the hackers originated. “We’re not sure exactly what happened but there was a massive cyberattack to try and bring down the X system with IP addresses originating in the Ukraine area.”Related: US Treasury sued for giving Elon Musk’s DOGE access to sensitive infoIt comes amid violence at Tesla facilities around the US as part of a broader “Take down Tesla” movement protesting Musk’s Department of Government Efficiency (DOGE), which is taking the axe to many government departments. Musk told Kudlow that regardless of the protests, he still thinks they are “doing the right thing here” because DOGE is cutting spending to initiatives “very few taxpayers would agree make sense.” Tesla stock is also suffering. In the most recent trading session, Tesla is down over 15% to $222 per share. In the after-hours session, it’s down a further 3% to $215, according to Google Finance. Tesla stock is down in its most recent trading session amid protests over Elon Musk’s Department of Government Efficiency. Source: Google FinanceOverall, the stock has been up 24% over the past year; however, it’s still down from its all-time high of $480 set on Dec. 17, 2024.This isn’t the first time X has suffered a DDoS attack. Last August, Musk claimed the platform was hit by hackers prior to his interview with then-presidential hopeful Donald Trump. Magazine: Bitcoin’s odds of June highs, SOL’s $485M outflows, and more: Hodler’s Digest, March 2 – 8

Welcome to the Ethereum Daily General Discussion on r/ethereum https://imgur.com/3y7vezP Bookmarking this link will always bring you to the current daily: https://old.reddit.com/r/ethereum/about/sticky/?num=2 Please use this thread to discuss Ethereum topics, news, events, and even price! Price discussion posted elsewhere in the subreddit will continue to be removed. As always, be constructive. – Subreddit Rules Want…
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