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The Solana blockchain faced severe congestion due to a surge in Donald Trump-themed memecoins, impacting services like @Phantom and exchanges such as Coinbase and Binance. The network struggled with transaction failures amid high volatility and technical inefficiencies. #Update #Crypto $SOL (-4) ↘
Multichain Capital partners Tushar Jain and Vishal Kankani propose a dynamic emissions model to reduce Solana’s $SOL inflation to 1.5%, enhancing network adaptability and economic activity. #Update #Crypto $SOL (+3) ↗
@WazirXIndia has frozen $3 million in $USDT to aid recovery from a $230 million hack, showcasing commitment to safeguarding user funds and rebuilding trust. Industry support includes potential acquisition by @CoinDCX and recovery initiatives by CoinSwitch. #Breaking #Crypto $USDT (+8) ↗
Bitcoin ($BTC) surged 5.1% to reclaim $105,505 amid rising interest in risk assets, while memecoins like Dogecoin ($DOGE) and Shiba Inu ($SHIB) outperformed with significant gains. #Update #Crypto $BTC (+6) ↗
Ethereum developers are gearing up for the Pectra upgrade in March 2025, with key milestones like Sepolia and Holesky forks set for February. This significant upgrade aims to enhance $ETH efficiency and usability. #Update #Crypto $ETH (+6) ↗
@Coinbase’s Base aims to secure $100 billion in on-chain assets and attract 25 million users by 2025, focusing on scaling transaction efficiency and developer tools. The network, a leading Ethereum layer-2 solution, has no plans for a native token. #Update #Crypto (+6) ↗
@Coinbase partners with money market Morpho to offer on-chain $USDC loans backed by $BTC, leveraging the Base blockchain for dynamic interest rates and flexible repayments. This move highlights DeFi’s role in Coinbase’s expansion strategy. #Update #Crypto $USDC (+3) ↗
Senator Cynthia Lummis has urged a halt to the planned sale of 69,370 $BTC tied to Silk Road, citing strategic financial concerns, and demanded the FDIC preserve crypto-related records amid whistleblower allegations. #Breaking #Legal $BTC (+9) ↗
@Tether_to and @LayerZero_Labs announced USDT0, a multichain $USDT stablecoin using LayerZero’s OFT standard for cross-chain transfers, debuting on Kraken’s Ink blockchain. #Update #Crypto $USDT (+6) ↗
@Nasdaq filed to list a spot $LTC ETF by Canary Capital, potentially marking the first altcoin ETF approval in 2025. Analysts note SEC engagement and Litecoin’s commodity status boost approval odds. $LTC surged 24% to $129.49. #Update #ETF $LTC (+6) ↗
President-elect Donald Trump is reportedly considering including $XRP and $SOL in a national crypto reserve, aligning with his campaign promise to enhance the US digital economy, according to the New York Post. #Breaking #Crypto $XRP (+9) ↗
The potential approval of a Litecoin ETF has driven $LTC prices up, with @Polymarket bettors estimating a 51% chance of SEC approval after Canary Capital amended its S-1 filing. Trading volume surged 240% to $1.7 billion. #Update #ETF $LTC (+6) ↗
Representative Cody Maynard introduced House Bill 1203 to establish a Bitcoin Strategic Reserve in Oklahoma, allowing investments up to $850 million from state funds into digital assets like $BTC. The proposal is part of a growing trend among US states. #Update #Crypto $BTC (+6) ↗
@WorldLibertyFi, linked to US President-elect Donald Trump, clarified $60M Ethereum transactions as routine treasury management, dispelling asset sale rumors. Lookonchain revealed WLFI’s significant crypto moves amid a $5M loss. #Breaking #Crypto $ETH (-8) ↘
