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Solana co-founder Anatoly Yakovenko and several accounts tied to the network’s ecosystem said this week that Solana had been hit by a large distributed denial-of-service attack, with some posts citing traffic that peaked near six terabits per second (Tbps).Yakovenko wrote in a Dec. 9 X post that Solana was under a six Tbps distributed denial-of-service (DDoS) attack. Earlier on Tuesday, Solana Labs co-founder and president Raj Gokal suggested the attack was still ongoing. Cointelegraph was unable to independently verify the attack or its scale.Also on Tuesday, the CEO of Solana-based decentralized physical infrastructure network (DePIN) project Pipe Network, David Rhodus,…

Political narratives helped push memecoins to record highs before accelerating a sharp reversal, according to crypto price tracker CoinGecko. In its 2025 State of Memecoins Report, CoinGecko highlighted how election-driven speculation has reshaped the memecoin sector. The report found that the total memecoin market cap peaked at $150.6 billion in December 2024, surpassing the sector’s previous highs in 2021. CoinGecko attributed the rally to a mix of new token launchpads, Solana experimentation and growing political narratives linked to the United States elections. The data aggregator noted that enthusiasm surrounding President Donald Trump’s reelection coincided with the sector’s peak, as election-themed tokens dominated social…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Except for Ethereum’s fluctuating price action in the past few weeks following a broader market volatility, another key area is drawing notable attention in the sector. ETH’s price has been exhibiting bearish performance, and at the same time, its supply dynamics have been demonstrating a negative trend. Net Negative Ethereum Supply Persists Even with the current bearish state of the market, the supply dynamics of Ethereum are hinting at a quiet but powerful signal to the market. In a post on the social media platform X, Leon…

Why holidays attract crypto scammers The holiday season is supposed to be about rest, family and celebration. Unfortunately, it is also one of the busiest times of the year for cybercriminals.Scammers take advantage of increased online shopping, festive promotions and emotional spending to trick people into handing over their money.For cryptocurrency users, these scams can be especially damaging because crypto transfers are typically irreversible. Scammers know crypto transactions are irreversible, and many people are still learning how to handle their assets safely.So, how do scammers target crypto users during the holidays, and what tactics do they use?Let’s find out.During the…

The BNMR stock price retreated for the third consecutive day and could be at risk of further downside, as Ethereum has formed a risky bearish flag pattern on the daily chart. Summary The BMNT stock price could be at risk of a strong bearish breakout.  It has formed a symmetrical triangle pattern on the daily chart. Ethereum has formed a bearish flag pattern, pointing to more downside. BitMine Immersion, the company chaired by Tom Lee, dropped to $31.12, its lowest level since Dec. 2. It has dropped by ~80% from its highest point this year, bringing its valuation to $13…

Key takeawaysBitMine says it holds 3,864,951 ETH after adding 138,452 ETH in a week, describing its treasury as representing more than 3.2% of the ETH supply.The accumulation is happening alongside risk-off signals, including notable spot Ether ETF outflow days and a reported spike in net outflows to Binance.BitMine frames the strategy as both catalyst-driven (the Fusaka upgrade) and operational, pointing to staking via its planned MAVAN initiative in early 2026.Interpretations differ, with some viewing the move as conviction-style positioning and others as a concentrated corporate treasury bet that is highly sensitive to flows, liquidity and volatility.BitMine is accelerating its Ether…

Payment processing giant Visa has launched USDC settlement services for some United States-based financial institutions.Visa said Tuesday that its USDC (USDC) settlement service is available for US financial institutions, with Cross River Bank and Lead Bank as the first participants; they have already begun settling with Visa in USDC on the Solana blockchain, and a broader rollout is expected in 2026.The report follows USDC issuer Circle’s launch of the public testnet for its layer-1 blockchain Arc, with over 100 major partners, including Visa, Mastercard, BlackRock and Goldman Sachs, in late October. Visa noted that it is a design partner for…

Onchain activity declined sharply on several major networks, according to Nansen data, with 11 blockchains posting drops in active addresses in the past year.Ronin fell the most at 70%, while Bitcoin registered a 7.2% decline. Several Ethereum layer-2 networks made the list.Nansen data also showed drops in transaction activity across many of the same networks. ZKsync recorded one of the steepest declines, with transactions falling 90%.Meanwhile, Ethereum’s base layer recorded a 25% increase in active addresses and more than a 20% rise in transactions, even as debate continued around Ethereum’s rollup-centric roadmap and concerns over liquidity fragmentation across layer-2 networks.…

Ethereum-native crypto wallet MetaMask has added support for Bitcoin in its latest update.According to a Dec. 15 announcement, MetaMask users who update to the most recent version of the popular wallet can now send and receive Bitcoin directly on the app that was originally designed for Ethereum and EVM-compatible chains.As part of the rollout, MetaMask users can also buy Bitcoin from the app’s home screen and swap tokens using a feature that allows them to bridge assets like Ethereum and Solana to Bitcoin.The process to get started is automated, and a native Bitcoin address will be automatically generated for users…

The United Kingdom’s Financial Conduct Authority (FCA) launched a series of consultations on proposed rules for digital asset markets, marking the next phase in the government’s effort to establish a comprehensive regulatory framework for crypto assets.The proposals, published across three consultation papers, cover crypto trading platforms, intermediaries, staking, lending and borrowing, market abuse, disclosures and decentralized finance (DeFi). The FCA said consultation responses will be open until Feb. 12, 2026.The regulator said the proposals aim to support innovation while ensuring that consumers understand the risks associated with crypto investment. It added that regulations should not eliminate risks entirely, but should…