Crypto News
Solana’s Dapps Revenue Hits Record $365 Million
The Solana dapp ecosystem reached significant monthly revenue numbers in November, with Pumpfun crossing the $100 million mark. Solana Dapp Revenue Goes Parabolic Solana’s decentralized applications (dapps) hit an all-time high of $365 million in November. According to Syndica research, Solana’s total dapp revenue of $365 million exceeded Solana’s network revenue of $92 million. OverSource link
Formula 1 Secures Multi-Year Renewal With Crypto.com in Sports Sponsorship Push
The extended partnership ensures Crypto.com will maintain a significant presence at major Formula 1 events for the next five years.Source link
Craig Wright’s Satoshi Nakamoto Farce Earns Him a Suspended Jail Sentence for Flouting Court Orders
Craig Wright, an Aussie native who’s been loudly claiming he’s the mastermind behind Bitcoin, Satoshi Nakamoto, was handed a 12-month jail sentence, suspended for two years, by a U.K. court for contempt. This decision came down after Wright reportedly ignored a court order that barred him from pushing more legal claims tied to his BitcoinSource link
Machine Learning in Focus as Chainalysis Acquires Hexagate
Blockchain surveillance firm Chainalysis has acquired Hexagate, a Web3 security company focused on the real-time identification and mitigation of blockchain threats, marking a pivotal advancement in blockchain security infrastructure. Chainalysis Expands with Hexagate Acquisition for Real-Time Threat Detection Hexagate reportedly utilizes machine learning to spot dubious activities across blockchain networks, enabling the thwarting of cyberattacksSource link
Aptos Labs CEO Mo Shaikh Quits; Avery Ching to Take His Place
Mo Shaikh, co-founder of Aptos Labs, announced that he's stepping down as CEO of the company.Aptos is a layer-1 blockchain that claims to offer enhanced scalability, security and transaction speeds. The platform leverages a unique blockchain programming language called Move, which was originally created for Facebook’s shuttered "Diem" project.In a lengthy post on X, Shaikh, who co-founded Aptos with Avery Ching three years ago, expressed pride in the progress made by the company, which included raising a mammoth $400 million in venture capital funding and building "one of the most robust ecosystems, trusted by over a thousand builders and innovators around the globe."Ching, Shaikh said, will assume the role of CEO and lead the company into its next phase of...