🔧 Solana Developers Deploy Fixes to Mainnet to Address Network Congestion

🚀 Anza Collective Releases v1.17.31 Update, Majority of Validators Upgrade

The Solana blockchain is taking action against network congestion with the release of v1.17.31 by the Anza developer collective. This update comes highly recommended for all users, and an impressive 90% of validators have already made the switch.

🔍 Modifications for "Super-Low Stake" Validators and QUIC Protocol

The new software tackles congestion by making adjustments to how it handles "super-low stake" validators and addresses issues related to the QUIC transport protocol. Early results are promising, but further patches may be delayed, according to Anza's Rex St. John.

⚠️ Meme Coin Surge Keeps Solana Network Congested

Solana's network has been struggling with congestion for over a month now, with a staggering 70% of non-voting transactions failing, mainly due to the surge in meme coin activity. However, hope is on the horizon.

🔄 Next Update: v1.18 Introduces Transaction Scheduler

The upcoming v1.18 update aims to improve transaction management with a new scheduler, offering better handling of bulk transactions. Each validator will have the choice to enable or disable this feature based on their preferences.

⏳ Devnet Downtime Raises Questions

While progress is being made, Solana's devnet encountered some downtime during testing of v1.18. The cause remains undisclosed, leaving developers and users curious about its relation to congestion-fighting efforts.

As Solana developers work diligently to address network congestion, users eagerly await smoother operations and improved transaction success rates.

⚡️ PORTAL seems to be cooking up some new things with their new launchpad

The debut token on the Portal Launchpad is $SOMO (https://twitter.com/playsomo) and those who stake $PORTAL will be able to receive a guaranteed allocation for the $SOMO sale which is happening on Thursday, 25th April at 11 am EST and I’m expecting this to skyrocket 🤑

Within the niche of Web3 gaming, we’ve seen many successful launches recently such as My Pet Hooligan’s $KARAT – $SOMO could be next. SOMO will quite literally be the Pokemon Go of Web3 and is also a playable 3D game

$SOMO seems to be the next big cook following after $PORTAL’s success, hitting a 3bn FDV and it was the biggest Binance Launchpool launch in history. I would really recommend picking up some $PORTAL and staking via their launchpad for the $SOMO sale➡️ https://launchpad.portalgaming.com

⏺Wallets will be able to purchase up to 1 ETH of $SOMO and to balance the demand against the available allocation – there will be a weighted raffle to give everyone a fair chance. Your chances in the raffle are dictated by your ticket size and how early within the 24 hours you purchase.
The earlier you purchase and the bigger your ticket, the more $SOMO you’re likely to receive. The current presale price terms seem very fair considering other rounds available like Pixelmon’s $MON and Revolving Games’ $RCADE.

✖️ Portal Twitter: https://twitter.com/Portalcoin
✖️ SOMO Twitter: https://twitter.com/playsomo

🔒 Thai SEC Takes Action: Unauthorized Digital Asset Platforms Under Scrutiny

🚫 In a significant move, the Thailand Securities and Exchange Commission (SEC) has shifted gears, moving away from lawsuits and towards collaboration with the government. The aim? To block access to unauthorized digital asset service providers that may be facilitating criminal activities.

🤝 The Ministry of Digital Economy and Society has called upon the SEC to share crucial information on these platforms. By doing so, they hope to bolster law enforcement efforts and safeguard users from potential harm.

📝 This isn't just a simple handover, though. The SEC must also navigate the legal landscape by filing a petition with the court. They're keenly aware of the need to balance their actions with the impact on users who may rely on these services.

⚠️ While this new approach marks a departure from previous tactics, it's clear that the SEC is determined to protect investors. They've issued a stern warning about the risks associated with dealing with unlicensed operators, emphasizing scams and money laundering as potential pitfalls.

🔍 To stay on the safe side, investors are urged to consult the SEC's database of authorized operators. Caution is key in this rapidly evolving digital asset landscape – better safe than sorry!

Remember: when it comes to your investments, knowledge is power – and protection.

📈 Crypto Goes Mainstream: Over Half of Canadian Institutional Investors Embrace Digital Assets in 2023

🏦 In a groundbreaking shift, a recent survey reveals that 50% of Canadian institutional investors are now actively offering crypto asset products to their clients. This marks a significant 9% increase from just two years ago.

📊 The biannual study, conducted by KPMG Canada and CAASA, highlights that nearly 40% of institutional investors now have some form of exposure to digital currencies, up from around 30% in 2021.

📈 Among the preferred investment vehicles, ETFs and regulated products take the lead, with half of the surveyed investors opting for these options. Additionally, crypto-related public equities have gained traction, attracting 58% of respondents compared to a modest 36% in the previous year.

💼 While venture capital and hedge funds saw a slight dip in interest, with only a quarter investing as limited partners, Kunal Bhasin from KPMG suggests that the industry's resilience after the FTX collapse and the allure of crypto as an inflation hedge played key roles in this evolving landscape.

🌱 Kareem Sadek, also from KPMG, emphasizes that Canada's progressive approach to approving bitcoin and ethereum ETFs and enabling advanced strategies like Ethereum staking has been instrumental in attracting institutional players.

💼 As for portfolio allocation, an impressive third of those surveyed have committed 10% or more to digital assets. This is a substantial leap from a mere 5% in 2021. The growing maturity of the market and improved custody solutions are cited as major factors driving this increased confidence.

With crypto assets gaining recognition as an alternative asset class, it seems that Canadian institutions are increasingly embracing the potential of digital currencies as they navigate an ever-evolving financial landscape.

🚫 Russia Cracks Down on Crypto Exchanges: Domestic Operations to Face Ban

🏦 Anatoly Aksakov, Chairman of the Russian Duma for the Financial Market, Drops the Hammer

Starting September 1, Russia is set to tighten its grip on the crypto industry by banning domestic operations of cryptocurrency exchanges. This move comes as part of a broader bill aimed at regulating cryptocurrency mining in the country.

🛠 Mining Gets a Pass, but Exchanges Are Out

While mining activities and pools will enjoy certain exceptions, Aksakov's bill leaves no room for crypto exchanges. The goal? To protect the Russian ruble, which he believes is the only true monetary unit.

💱 Digital Rubles Get a Green Light

But it's not all doom and gloom for digital assets in Russia. Aksakov emphasizes that homegrown digital financial assets, such as the proposed digital ruble, will still be able to roam freely within national borders.

🌍 A Gateway to Global Markets?

Aksakov sees these digital assets as a potential game-changer for Russia's financial landscape, especially in light of economic sanctions. He even hints at their role in future international transactions, calling them a "serious channel" to replace traditional fiat currencies.

❌ Circulation Not Prohibited, Just Organized

Dispelling rumors of a total crypto ban, co-sponsor Anton Gorelkin clarifies that while exchanges are off-limits, the circulation of cryptocurrencies itself won't face restrictions. It's all about keeping things within an experimental legal framework.

🏦 Bank of Russia's Projects Get a Pass Too

Not to be left out, the Bank of Russia's own crypto endeavors will also be exempt from this regulatory crackdown. Governor Elvira Nabiullina had previously stressed the need for a controlled approach to digital currencies in international payments.

As Russia tightens its grip on the crypto landscape, it remains to be seen how this move will impact the country's position in the global digital economy.

🚀 Marathon Shatters Records: Mining Bitcoin's Largest Block Unveils Logos' Manifesto

💎 In a dazzling display of mining prowess, Marathon has etched its name in the annals of blockchain history once more. Block 841,886 stands tall as the largest block ever to grace the Bitcoin network, and it carries with it a message – the manifesto of Logos, a champion of decentralized technology.

💰 The rewards reaped by Marathon's mining pool are nothing short of impressive. A hefty 3.16977148 BTC fills their digital coffers, with transaction fees alone amounting to a cool 0.04477148 BTC or roughly $2,654.55.

🏛 This monumental achievement surpasses the previous record held by block 832,849, which bore the mark of the Runestone Ordinal project and its enigmatic figurehead, Leonidas. While that block boasted 7 transactions, Logos' grand statement was made with just four.

📈 The trend of colossal blocks has been gaining momentum since Taproot Wizards conjured up a 3.96 MB behemoth back in February 2023. With Logos' latest feat clocking in at 3.993 MB, it seems there's no limit to the ambitions of these blockchain artists.

🎨 But let's not forget Marathon's artistic flair! Block 836,361 showcased an elegant letter "M," crafted from a mosaic of transaction types. Though smaller in size at 1.72 MB, this masterpiece managed to squeeze in an impressive 8,320 transactions.

From manifestos to mosaics, Marathon continues to push boundaries and make headlines in the world of Bitcoin mining. With each new milestone, they remind us that innovation knows no bounds on this decentralized frontier.

🚀 ETH Bulls Stand Strong Amidst Fluctuations and Uncertainty

💰 Ethereum's price at $3,135, with a range of $3,116 to $3,221, indicates a temporary balance between buyers and sellers. Market cap is at $378 billion, backed by a trade volume of $10.27 billion.

📉 The daily chart shows a recent dip from $3,730 to $2,801. However, consolidation around $3,000 suggests a potential recovery. Resistance near $3,300 could be an exit point.

📈 On the four-hour chart, an upswing to $3,223 signals strong buying interest. Look for entries around $3,100 or $3,150. Watch out for resistance at $3,223 as a profit-taking opportunity.

⏰ Short-term analysis (1-hour) reveals rapid changes with resistance at play. Stability around higher lows like $3,140 indicates short-term bullishness. Breaking through $3,223 is crucial.

🔄 Oscillators show neutrality overall but with some buy signals like momentum and MACD. Moving averages present mixed views; shorter-term ones lean bullish while longer-term ones suggest caution.

🐂 Bull Verdict: Cautiously optimistic! Bullish patterns and short-term indicators hint at buying interest. Holding support at $3,000 and breaching resistance at $3,223 could lead to further gains.

🐻 Bear Verdict: Bearish risks loom! Long-term moving averages signal selling pressure. Repeated failure to break key resistance levels and sharp pullbacks raise concerns about a downturn.

🚀 Trump's Crypto Endorsement Sends TRUMP Coin Soaring, BODEN Follows Suit

💼 Former President Donald Trump is making waves in the crypto world once again, and this time it's with his endorsement of digital currencies. At a glitzy NFT event, Trump didn't hold back, criticizing Joe Biden's grasp on all things crypto and urging supporters to rally behind him. The result? A market frenzy!

📈 TRUMP coin, the emblematic token of Trump's online presence, has skyrocketed by an impressive 35.6% in just 24 hours. With each coin now valued at $5.75, it's no wonder Trump's crypto wallet is bulging with a staggering $3.33 million worth of TRUMP tokens.

🌐 But the action doesn't stop there! BODEN, the digital currency associated with Biden, has also experienced a boost, albeit a more modest one. Despite Trump's disapproval, BODEN has managed to climb by a respectable 16.6%, reaching a current price of $0.357 per coin.

Whether you're a fan of Trump or Biden, it seems that their foray into the world of cryptocurrencies is causing quite the stir. As these meme coins continue to make headlines and investors scramble to get in on the action, one thing is clear: politics and digital assets are now firmly intertwined in this brave new financial landscape.

📈 Cheelee Soars as Pendle Plummets: A Week of Crypto Ups and Downs

🚀 Cheelee's Rise: Amidst a mixed market, cheelee (CHEEL) emerged as the shining star, surging by an impressive 21.6% against the mighty U.S. dollar. Not far behind, Pepe (PEPE) hopped up by 13.8%, while render (RNDR) rendered a solid 13.7% climb.

📉 Pendle's Fall: Unfortunately, not all coins had a sunny week. The pendulum swung against pendle (PENDLE), which experienced a steep drop of 20.5%. Joining the downtrend, bittensor (TAU) slipped by 19.6%, and zebec protocol (ZBC) sailed down by 15.7%.

💹 Trading Buzz: Beyond the big names like BTC and ETH, other tokens made waves in trading volumes. SOL, BNB, DOGE, and PEPE took the spotlight, while XRP, TON, SHIB, WIF, and WLD also danced with considerable activity.

📊 Mixed Bag: Bitcoin dipped by 1.44%, and ethereum stumbled with a roughly 4% drop this week. Yet, not all hope was lost as Aioz network (AIOZ) powered up by 13.2%, safe (SAFE) sailed up by 13%, and thorchain (RUNE) ran ahead with a healthy boost of 10.4%.

🔻 Downside Dips: Around two dozen cryptos saw declines of at least 10%, with pendle leading the pack. Ribbon finance (RBN) tied itself in knots with a 15.5% fall, while wormhole (W) wiggled down by 14.3%. TIA, CORE, and HNT also faced notable reductions.

In the ever-changing world of crypto, it's a rollercoaster ride of gains and losses. Keep an eye on these movers and shakers as the digital landscape continues to evolve.

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⭐️ India's SEBI Embraces Crypto Oversight, RBI Eyes Stablecoin Ban

🤝 In a surprising move, the Securities and Exchange Board of India (SEBI) has proposed a collaborative approach to regulating cryptocurrency trading. This signals a significant shift in India's stance on private virtual assets.

🤩 On the other hand, the Reserve Bank of India (RBI) remains cautious, seeking a ban on stablecoins due to concerns about their impact on the macroeconomy.

📌 SEBI's plan suggests a multi-regulator framework, with each regulatory body overseeing specific aspects of the crypto market. This decentralized approach mirrors the US model, where the SEC regulates both securities and crypto exchanges.

➡️ The proposal recommends that virtual assets related to insurance and pensions be overseen by the Insurance Regulatory and Development Authority of India (IRDAI) and the Pension Fund Regulatory and Development Authority (PFRDA), respectively.

▶️ Meanwhile, the RBI's reservations stem from worries about policy sovereignty and risks associated with stablecoins tied to major economies like the US and Europe.

💼 With no official timeline, experts predict that the government panel responsible for formulating policy may submit its report by June, potentially shaping India's crypto landscape for years to come

🚀 Blackrock's IBIT Shatters Records with 414 Institutional Holders, Analysts in Awe

🏦 The numbers are in, and they're staggering! Blackrock's spot bitcoin ETF, the Ishares Bitcoin Trust (IBIT), has attracted a whopping 414 institutional holders, according to recent filings with the SEC. This is not your average launch; it's a mind-boggling achievement!

📈 Bloomberg's senior ETF analyst, Eric Balchunas, can't help but be impressed. He says this blows away records, as even 20 holders for a new ETF is considered rare. Other January launches like Bitwise Bitcoin ETF and Fidelity Wise Origin Bitcoin Fund pale in comparison.

💼 Leading the pack is Millennium Management LLC, with a staggering 20 million+ shares of IBIT worth around $844 million. Schonfeld Strategic Advisors LLC and the State of Wisconsin Investment Board also hold significant stakes.

🤝 While Fidelity and Bitwise have their fair share of institutional backers, with 235 and 98 respectively, they still fall short of Blackrock's ETF juggernaut. Even Grayscale's GBTC-turned-ETF can't match IBIT's institutional appeal.

💰 The numbers don't lie: IBIT holds over $18 billion worth of bitcoin (276,190 BTC). And the inflows keep coming! While Grayscale saw a slight dip, IBIT recorded an impressive $131.8 million influx. Fidelity and Ark aren't far behind either.

👔 Blackrock CEO Larry Fink's bullish stance on bitcoin seems justified. He proudly declares that IBIT is the fastest-growing ETF ever, leaving other contenders in the dust. It's clear that when it comes to institutional interest in bitcoin, Blackrock is leading the charge.

With such overwhelming support from institutions and a soaring bitcoin stash, Blackrock's IBIT is making waves in the ETF world. The future looks bright for this bitcoin behemoth!

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📈 Bitcoin Difficulty Bounces Back! Mining Profitability on the Rise!

💹 After a recent 5.62% decrease in Bitcoin's mining difficulty, there's finally some good news for miners! At block 844,704 on May 23, 2024, the difficulty surged by 1.48%, reaching an impressive 84.38 trillion.

⛏ The dip in difficulty earlier this month was accompanied by a drop in the hashprice, falling below $45 per petahash. But fear not, as BTC's value has been climbing, so has the hashprice, now standing at around $54.85.

⚡️ With Bitcoin's price soaring over $9,000 since the hashrate hit a low of 582 EH/s, miners are back in business! The overall hashrate has rebounded to over 600 EH/s, indicating a positive trend for the mining ecosystem.

🔄 This bounce-back in difficulty and hashrate suggests a recovering network, with mining profitability showing signs of improvement. So, miners, keep those rigs running and your eyes on the prize – the future of Bitcoin mining is looking brighter than ever!