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š° Bitcoin lightning network capacity hits record 5,606 BTC
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š§š¹ Bhutan commits 10,000 Bitcoin to build a new economic hub, Gelephu Mindfulness City Bhutan currently holds 5,984 BTC worth $521 million
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Solana Takes Action Against Quantum Computing Risks with Project Eleven Partnership! Solana has partnered with Project Eleven to test and implement quantum-resistant security, launching a post-quantum testnet to protect the blockchain from future quantum computing threats while maintaining scalability.
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š¦ Is now the best time to buy? šµ In this cycle, BTC has undergone three deep corrections: -34%, -32%, and now -36%. šµ The previous two such gaps proved to be excellent buying points, after which the market turned upward.
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š¦ The man who almost killed PumpFun šµ Jarrett Dunn is a former PumpFun employee from Canada. He was homeless in the past, but later got involved in the crypto industry. He was diagnosed with schizophrenia at the age of 20. šµ In May 2024, PumpFun reported an exploit. Approximately $80 million was withdrawn from the platform. The market feared that this could cause Solana to collapse. šµ A few hours later, Jarrett Dunn himself came forward and confessed. He used access to private keys and multi-party debts, stating that he wanted to destroy PumpFun for "harming the community." šµ Instead of running away, he started distributing funds to random Solana wallets. The money went to meme communities and small traders. People started calling him the "crypto Robin Hood." šµ He did not hide, was completely calm, and openly stated that he was prepared to go to prison. Canadian police detained him that same day.
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š¦ SOL at $5 and the PumpFun lawsuit šµ In the US, a court has allowed a revised class action lawsuit against PumpFun and companies associated with the Solana ecosystem to proceed. šµ This is not a verdict or an admission of guilt, but a formal admission of the lawsuit to the proceedings. šµ The essence of the claims is simple: the plaintiffs allege that when memes were launched, insiders were given priority due to the work of validators and transaction priority, while retail investors were systematically excluded. This is familiar to anyone who has traded on PumpFun. šµ These are allegations, not proven facts. The court has not yet ruled that Solana is guilty or that its architecture is illegal. This is only the beginning of a long legal process. š¦ It's reputational noise + legal uncertainty, but nothing more. š ā I agree with X on PumpFun š ā People understood where they were getting themselves into.
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