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Solana network reportedly down

The Solana mainnet is experiencing downtime in block production, and block progression is currently halted, with core engineers and validators actively investigating. The Solana blockchain explorer confirmed the downtime by flashing a “major outage” on the mainnet.

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The Solana mainnet is experiencing downtime in block production, and block progression is currently halted, with core engineers and validators actively investigating. The Solana blockchain explorer confirmed the downtime by flashing a “major outage” on the mainnet.

Users on social media started to notice that the Solana blockchain hadn’t produced a block in over 25 minutes, which is considerably longer than its usual block production time of 400 milliseconds.

Solana validator Stakewiz stated that developers are currently building a release containing a fix. Once it’s built and tested, further instructions will be released to validators. Stakewiz also noted that validators have “begun generating snapshots using their local ledger state to prepare for a restart” as core engineers prepare the release. 

Currently, validators are producing the snapshots for slot 246464040 and ensuring there is consistency on the bank hash at this slot.

Validators will be restarting the Mainnet-Beta cluster using version 1.17.20, jito-solana release is also available. There are no inconsistencies in state found and validators are awaiting final confirmation from core engineers to proceed.

Snapshots are a point-in-time representation of the global Solana state at a specific slot. The last optimistically confirmed slot is the latest slot all validators have processed. A supermajority has confirmed it, but it is not finalized; the validators use this slot to ensure no transactions are rolled back.

This is not the first time the Solana blockchain has faced a network outage or downtime in block production. The network has been plagued with multiple outages since its launch, and the latest outage will be the eleventh in two years.

The Solana blockchain was launched in March 2020, focusing on offering scalable solutions for a decentralized ecosystem rivaling Ethereum with faster transaction processing times and lower transaction fees. The network grew in prominence during the last bull cycle in 2021 due to an increasing adoption rate and token price. However, network-related issues have persisted, with developers having to restart the network multiple times.

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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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