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Solana-based DApps rake in record fees as memecoin frenzy returns

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A recent surge in memecoin trading has propelled Solana-based decentralized applications (dApps) to record-high transaction fees, signaling the growing influence of meme-driven tokens within the blockchain ecosystem. The memecoin frenzy, which has seen tokens like $BONK and others gain popularity, has driven a significant increase in on-chain activity on the Solana network. As users flock to trade these tokens, Solana’s dApps are benefiting from the spike in transactions, leading to a notable uptick in revenue from fees.

Solana’s low transaction costs and fast processing speeds have made it a preferred network for memecoin projects, which often rely on high volumes of microtransactions. As memecoins like $BONK gain momentum, their popularity has translated into more trades, minting activities, and staking operations on Solana-based dApps. This increase in user activity has resulted in a surge in fees, benefiting developers and driving further adoption of the network’s decentralized applications.

According to data from on-chain analytics platforms, Solana dApps have seen a sharp rise in revenue, driven by increased transaction volume from memecoin users. Some of the top dApps on the network, including decentralized exchanges (DEXs) and NFT platforms, are seeing transaction fees spike as memecoin activity boosts overall demand for blockchain resources. This unexpected boom is a reminder of how rapidly evolving trends in the crypto space can shift the dynamics of blockchain ecosystems, even in sectors traditionally dominated by more established tokens like Bitcoin and Ethereum.

While the memecoin hype has provided a temporary windfall for Solana dApps, analysts caution that the volatility of meme tokens could result in fluctuating revenue streams. However, the record fees offer a promising sign of Solana’s ability to attract high levels of user engagement, with developers now looking to leverage the ongoing trend to build out more innovative, user-centric applications. As the memecoin craze continues to unfold, Solana’s ecosystem could see continued growth in both user activity and dApp usage.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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