Solana has surged by approximately 600% against Ethereum since 2023 thanks to the memecoin mania.
The v3 launch marks the DeFi protocol’s first big product rollout after a governance overhaul in October.
The fraudsters stole $21.6 million from over 40,000 investors to fund their lavish lifestyle, which also reportedly included $100,000 spent on sex workers.
Ethereum price followed the broader crypto market sell-off, but its longer term price weakness is driven by network-specific factors.
Bitcoin’s correction ignited selling in altcoins, which are slipping below critical support levels.
How Helius co-founder Mert Mumtaz became Solana’s best known and fiercest defender on Crypto X… and sometimes its biggest critic.
The North Korean cybercrime group is credited with some of the biggest crypto hacks, including the $600 million Ronin bridge exploit.
Cosmos’ co-founder and core contributors were unaware of a possible North Korean link, which may lead to the removal of the Liquid Staking Module.
Solana-based Raydium clocked $3.4 million in fee revenue on Oct. 21 versus $3.35 million for Ethereum, according to DeFiLlama.