Solana Gets Slammed
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- 📈 TradFi buys into BTC ETFs. A regulatory filing revealed that Citi, Citadel, Goldman Sachs, and UBS have all been "authorized participants" in BlackRock's spot BTC ETF.
- 🧑⚖️ Jury finds Do Kwon liable. The jury in the SEC case against Do Kwon has found the Terraform Labs founder liable for fraud and misleading investors, reports say.
- 🪐 Galaxy bought FTX SOL. Galaxy Trading purchased millions in locked SOL tokens from the FTX estate, buying $620 million worth of the tokens at $64 each. SOL is currently trading at $176.
📊 Transaction Turmoil. Solana’s staunchest defenders have long maintained failed transactions only afflict bots, but the chain has become practically unusable for regular users in recent days! Why can’t you land transactions on Solana, and how does the chain improve from here?
| Prices as of 3pm ET | 24hr | 7d |
|
Crypto $2.53T | ↘ 1.4% | ↘ 3.8% |
|
BTC $67,861 | ↘ 1.0% | ↘ 2.4% |
|
ETH $3,336 | ↘ 1.0% | ↘ 4.4% |
In the aftermath of Ethereum's Dencun upgrade, with fees down on most L2s, everyone is thinking about what comes next.
The scaling conversation has now rapidly shifted towards the potential next step — Layer 3s. L3s, which have also been called appchains, offer environments tailored to specific communities and use cases, such as enterprise blockchain applications or gaming.
What problems do L3s solve? Let's dig in 👇
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L3s have become a hot topic in the land of Ethereum following the Dencun upgrade. But are Layer 3s actually a thing?
Today on the show we have Degen creator Jacek and Will Papper of Syndicate, Degen’s main service provider, and they’re here to teach us all about Degen and L3s.
This episode is for paying subscribers only 👇
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