After weeks of jubilance over the Solana ecosystem’s resounding comeback—one that boosted SOL, Solana NFTs, Solana meme coins, and even the lackluster Solana smartphone—the momentum began to cool this week, triggering intensified exchanges between advocates of the blockchain and those of its dominant rival, Ethereum.
On Thursday, Ethereum co-founder Vitalik Buterin bemoaned the dying Web3 vision that originally spurred much crypto development, blaming stalled progress on the exorbitant cost of gas fees.
The tension was likely heightened by the declining fortunes of key Solana winners of recent weeks, most notably the once-unstoppable dog-themed meme coin BONK.
And just in time, native tokens of Ethereum layer-2 networks such as Optimism and Arbitrum shot up over 30% and 16%, respectively—likely due to those blockchain’s lower gas fees.
Even seemingly unrelated news events got sucked into the fray. When news broke earlier in the week that Donald Trump had started offloading millions of dollars worth of ETH from his struggling NFT projects, Twitter users were quick to view the news as a referendum on the never-ending Ethereum/Solana fracas.
Solana meme coin Act I: The AI Prophecy (ACT) crashed 55% in less than an hour on Tuesday, as millions of dollars worth of positions were liquidated on Binance. This has led to a campaign across social media to stop using the popular centralized exchange, spurred on by the hashtag #BoycottBinance.
Traders believed these liquidations came following the exchange changing its leverage and margin tiers. Put simply, Binance increased the amount of collateral traders needed to keep leveraged positions...
Bitcoin could soon find a place on state balance sheets, with Alabama and Minnesota both pressing ahead with legislative frameworks for state Bitcoin reserves.
In Minnesota, House File 2946, also called the Minnesota Bitcoin Act, introduced by Rep. B. Olson (R-MN) on Tuesday, would allow the state to invest in Bitcoin directly. Its Senate counterpart, SF 2661, was introduced earlier in March.
The identical bills seek to authorize the State Board of Investment to allocate public funds into Bitcoi...
Dogwifhat organizers have given up on their goal of advertising the prominent Solana meme coin on the Las Vegas Sphere, over a year after nearly $700,000 worth of crypto was raised for the campaign. This comes after the token’s official X account hinted in late January that the dog would appear on the exosphere in Q1 2025.
Late Monday, pseudonymous organizer GamesMasterFlex, also known as Edward, took to X (formerly Twitter) to state that the push to put the pup on the Sphere has ended, and that...
