Rust is also becoming an increasingly popular programming language for blockchain firms building “performant distributed systems,” says CryptoJobsList CEO.
The metric that tracks the value of one Solana token to one Ether token has reached a new all-time high following a brutal market-wide sell-off earlier this week.
Part of the problem is the airdrop model for token distributions, which has grown in popularity in recent years.
ETH’s onchain and derivatives data are looking stronger even as macroeconomic data remains concerning.
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Markets blow up, so ‘the best prep is to have a plan to buy fear and sell euphoria’ — Veteran trader
Pear Protocol founder HUF says “a limited pool of capital constantly rotating between narratives” is a clear sign of “late cycle behavior.”
Minnesota Governor Tim Walz has previously advocated for more stringent crypto regulations to ensure the stability of the legacy financial system.
If the exploit occurred due to a white hat hacker, the funds could soon be returned to the blockchain.
Memecoins like PEPE and WIF saw the biggest loss after the $510 billion crypto market sell-off.