Crypto News
Solana Validators Made Over $25M in Fees on TRUMP, MELANIA Memecoins
Solana's validators experienced a record influx of over 100,000 SOL, worth nearly $25.8 million, in fees and tips due to intense trading activity of the TRUMP and MELANIA tokens.The peak occurred on Jan. 20, with validators receiving over 87,000 SOL, driven largely by the TRUMP token's rally, before MELANIA attracted bets. The surge in activity led to 24.7 million transaction bundles to ensure success.Of the 4.5 million daily active users on Solana, 1.5 million were unique tippers, showcasing interest in token sniping on platforms like Meteora and Orca.Bundles on Solana refer to collections of transactions that are grouped together and sent to validators for processing. Tippers are users or bots who include additional fees (or tips) in their transactions to...
HKMA Warns of Fraudulent Chiyu Bank Websites and Login Screens
The Hong Kong Monetary Authority (HKMA) alerts the public about fraudulent websites and internet banking login screens linked to Chiyu Banking Corporation Limited. (Read More)Source link
Kucoin Appoints Former Chief Legal Officer BC Wong as New CEO
The company’s top lawyer was picked to take the reins as the exchange focuses on “global growth and innovation while maintaining regulatory compliance.” Kucoin’s Top Lawyer Promoted to CEO Seychelles-based cryptocurrency exchange Kucoin appointed its former Chief Legal Officer BC Wong as CEO, according to a press release provided to Bitcoin.com. The eight-year-old firm whichSource link
Donald Trump’s Official Token Surges 25%, Some Observers See it as Bet on His Presidency
TRUMP memecoin riches have spurred billions of dollars for the newly sworn-in U.S. President Donald Trump, an amount he termed as “peanuts” compared to corporate bigwigs in his first address of the token since launch."I don't know much about it other than when I launched it. I heard it was successful,” Trump said in a press conference on Tuesday when asked by a reporter. “Where is it today? Several billion?“That's peanuts for these guys,” he added, referring to the networth of other businessmen in the room that included SoftBank's Masayoshi Son, OpenAI's Sam Altman and Oracle's Larry Ellison.Token prices zoomed 25% in the past 24 hours, beating gains in bitcoin (BTC) and other majors, to reverse losses from earlier in...
Canaan Inc. Reports December 2024 Bitcoin Mining Updates and FY2025 Financial Outlook
Canaan Inc. reveals its December 2024 bitcoin mining performance and outlines financial projections for FY2025, aiming for significant revenue growth and mining expansion. (Read More)Source link