Crypto News

The Solaxy ($SOLX) presale has raised nearly $5 million in just a week as investors pour funds into the Solana layer 2 project. The rise of meme coins and the huge demand that the Solana token has experienced as a result has severely congested the network. Solaxy aims to solve these issues via its offlineSource link

Last week, the price of bitcoin took a tumble, and right alongside it, the network’s computing muscle flexed down from a whopping 806 exahash per second (EH/s) on Dec. 14 to a mere 771 EH/s by Dec. 21. However, over the past three days, the hashrate has bounced back, rising by 11 EH/s from itsSource link

For crypto, 2024 was the best of times and the dumbest of times. Here are 69 of 420 dumbest moments of the year.Source link

Data reveals that Bitcoin’s total circulating supply has surpassed the 19.8 million mark, a notable milestone as the cryptocurrency edges closer to its maximum supply cap of 21 million. 19.8 Million Bitcoin Mined, Less Than 1.2 Million Left Bitcoin’s supply mechanism has always been one of its defining features, with its capped issuance ensuring scarcity.Source link

In 2024, the memecoin market experienced significant growth, with a variety of emerging projects capturing widespread attention. As a leading crypto exchange platform, MEXC has continued to provide users around the world with secure and easy access to digital asset trading. This year, MEXC has not only become the platform of choice for many memecoinSource link