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BITCOIN SOARS TO RECORD $93,000, MARKING ANOTHER HISTORIC HIGH $BTC surged to an unprecedented $93,000, surpassing its previous record as demand from both institutional and retail investors continues to drive prices. The rally underscores Bitcoin’s enduring appeal as a store of value amid economic uncertainties. This new milestone comes after months of steady growth, fueled by favorable regulatory news and increased adoption of digital assets globally. Market analysts attribute the surge to heightened investor interest, with some projecting further gains in the upcoming quarters.
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JITO PROTOCOL EXPERIENCES DOWNTIME, DRIVING UP SOLANA TRANSACTION FEES Jito, a leading MEV (Maximum Extractable Value) protocol on Solana, experienced a temporary system outage early Wednesday, resulting in a sharp increase in transaction fees on the Solana blockchain. Jito Labs confirmed that while network liveness remained unaffected, priority fees surged by 25-30 times, with mean transaction fees hitting $0.03 during the incident. Mert Mumtaz, Helius co-founder, commented that the outage likely stemmed from high demand overloading Jito’s block engine. The issue was resolved within an hour, with Jito Labs working on a post-mortem report.
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BUBBLEMAPS ADDS AI TO REVEAL INSIDER CONTROL IN CRYPTO MARKETS Blockchain analysis tool Bubblemaps has added AI capabilities in its latest update to help users identify centralized control over crypto assets. CEO Nicolas Vaiman stated that the new AI-powered “magic nodes” feature enables users to detect hidden links between addresses. The updated platform includes a “time machine” for viewing past token distributions and supports cross-chain analysis, letting users observe asset supply across multiple blockchains. This feature highlights potentially misleading token ownership patterns by revealing how some token issuers distribute holdings across wallets to appear decentralized.
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SEN. JOHN THUNE ELECTED AS SENATE MAJORITY LEADER, CONTINUES SUPPORT FOR CRYPTO LEGISLATION Sen. John Thune, a Republican from South Dakota and known supporter of crypto-related bills, has been elected Senate Majority Leader. Thune has backed measures like the Digital Commodities Consumer Protection Act (DCCPA), aiming to legally define digital commodities and place them under the Commodity Futures Trading Commission’s oversight. Thune also recently supported a measure to counter the SEC’s Staff Accounting Bulletin No. 121, addressing crypto custody concerns. His election may influence future crypto policy as the industry seeks regulatory clarity. Source: Mario Nawfal
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ETHEREUM RESEARCHERS UNVEIL SMART TRANSACTIONS TO REALIZE “WORLD COMPUTER” VISION Ethereum’s Vlad Zamfir, Anuj Das Gupta, and Boris Mamlyuk have introduced “Smart Transactions” (STXN), a new protocol designed to expand Ethereum’s capabilities, allowing smart contracts to interact with future events. Known as the “time machine,” this feature is expected to enable hybrid applications like decentralized rideshares. STXN, backed by ConsenSys funding, promises to empower developers with dynamic features to create applications beyond traditional Web3 functions, integrating elements from web2 and crypto. This protocol aims to fulfill Ethereum’s original goal of becoming a versatile “World Computer.” The team envisions practical applications, like a decentralized Uber, and a verification tool that reports issues in real-time via blockchain. Backed by $5.5 million in seed funding, STXN is currently partnered with ConsenSys for further development. Source: Mario Nawfal
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