Solana ( $SOL) has just set a new all-time high (ATH) price of $264.39 at noon on November 22, 2024. SOL has increased by more than 8% in the past 24 hours.
One of the factors that helped Solana achieve this success is its outstanding network scalability, with fast transaction speeds and affordable fees.
Solana is not only prominent in the decentralized finance (DeFi) sector but also plays an important role in NFT projects. Decentralized applications (dApps) and DEXs such as Raydium and Jito have achieved record revenues in the past week, contributing to making Solana the second largest smart contract blockchain.
In addition, Solana's low transaction costs are fertile ground for memecoins to grow. Meme coins such as BONK, PNUT and WIF have attracted attention in the community. Not stopping there, easy token creation platforms like pump .fun are also a bridge connecting users with the Solana ecosystem.
To motivate the crypto community to discover and share insights on promising projects, GemX Network is pleased to present the GemX Tournament Season 1, which is open to all.
The FED cut interest rates by 0.25% and emphasized that the current economic situation is still adequate, with the labor market and inflation still under control.
The FED Chairman also confirmed that policies under Trump may affect the economic situation.
Thus, the US interest rate is currently at 4.50% - 4.75%.
The crypto market reacted positively immediately after the news of the interest rate cut:
$BTC hits a new ATH at $76K
$ETH is up 5.7% in the past 24 hours, surpassing $2K9
$SOL is up 6.2%, surpassing the important resistance level of $200
- Bitcoin price drops, traders are preparing for the U.S. presidential election - Russia caps electricity usage for private cryptocurrency mining at 6,000 kWh per month
- The Republican Party has a significant advantage in the crucial state of Pennsylvania
- CME states there is a 98.9% chance the Fed will cut interest rates by 0.25% on November 8
- Kraken launches derivative products for wholesale clients in Australia after facing regulatory setbacks
- Michael Saylor reveals the reasons behind MicroStrategy's success in the Bitcoin sector
📌Macroeconomic Calendar
- November 5: U.S. citizens officially vote - November 7: Bank of England interest rate decision November 8: - Fed interest rate decision - Fed Chairman Jerome Powell speaks
🛎Token Unlock Schedule - November 10: Bitget unlocks 5.38M $BGB - November 11: Aptos unlocks 11.31M $APT - November 15: Starknet unlocks 64M $STRK - November 16: Arbitrum unlocks 92.65M $ARB
- Immutable says SEC is threatening to sue over IMX token sale - US releases october Non-Farm Payrolls report tonight - JPMorgan hit with $151 million SEC settlement over misleading customers - Bitfarms signs deal to host 10,000 more Bitcoin miners with Stronghold - NEIRO Perpetual Futures to be listed on Coinbase - Binance forms partnership with Amazon Web Services
🔥US Government - Hacked, Losing $22 Million in Crypto
According to Arkham Intelligence, a cryptocurrency wallet believed to be owned by the US government has had $22 million in crypto stolen for unknown reasons.
October 24, the crypto wallet suddenly recorded activity after 8 months of dormancy when it transferred assets to a new wallet. This wallet then transferred the funds to an address Arkham marked as “Binance Deposit”.
In total, the amount of money withdrawn includes nearly half a million USD in ETH, 2.5 million USDT, and more than 19M USDC. Currently, the hacker's wallet still holds $13.1M in assets.
Vitalik Buterin has just shared the core goals for the “The Surge” phase of Ethereum's development roadmap.
Regarding the Ethereum development roadmap, Vitalik Buterin aims to achieve over 100,000 transactions per second (TPS) on the Ethereum mainnet and layer-2 for The Surge phase, while also increasing interoperability between these blockchains.
Vitalik proposed another solution that is to make specific features and types of computation cheaper without reducing decentralization.
He also highlighted improvements such as “multi-dimensional gas pricing,” reducing gas for opcodes, and introducing a new bytecode format.
🧐What do you think about this ambition of Ethereum? If technology increases, will the price of ETH increase as well?
- Blackrock’s ETF fund raised nearly $800M after three consecutive positive sessions - Elon Musk fuels Dogecoin rally - Meme Coin - Robinhood launches desktop platform and adds Bitcoin futures trading - Donald Trump's second son will speak at the Bitcoin MENA conference in December - Due to alleged price manipulation of the DIO token, the project FractureLabs is suing Jump Trading - The Ethereum Layer 2 project named Fuel Ignition has officially launched on Mainnet - Mento Labs, the development team behind the EVM platform on Celo, has raised $10M