Solana nearly froze as a single routing error took 29% of the network stake offline

The Solana network kept producing blocks on Aug. 12 when an infrastructure failure stopped validators representing nearly 29% of network stake from voting, according to a Solana Foundation account published Sept. 14.  Related Asset Solana #7 SOL · $97.32 24-hour change: down 4.00% Loading price history… 24H Down 4.00% 7D Down 6.36% 30D Up 28.98%  Independent monitoring found that the chain remained live, yet its performance deteriorated: more leader slots were skipped, transaction throughput fell sharply, and settlement finality was delayed.  The disruption began at Teraswitch, which the Foundation described as Solanas largest infrastructure provider. A Teraswitch postmortem traced the outage to a stale default route left on a Miami edge router, with Teraswitchs provider traffic fully recovering 33 minutes after the first alarm.  Routine transit-provider maintenance activated that route, while transposed values in a routing policy applied a “no-export” instruction toward Europe and Asia-Pacific.  In practical terms, the bad route spread across Teraswitchs network and prevented affected data centers from reaching the Internet through healthy local routers. Twelve sites across Europe and Asia-Pacific lost Internet and inter-site connectivity, including infrastructure hosting Solana validator and RPC nodes.  Independent blockchain-risk monitoring firm Metrika broadly corroborated both the scale of the disruption and continuous block production. Its data

09-16انڈسٹری

Cardano joins Mastercard crypto program - Can ADA turn it into adoption?

Source: X  However, the move does not suggest that Mastercard is using Cardano as a direct component of their payment platform. Instead, it suggests there will be avenues for collaboration and potential future use cases and additional uses in the future.  If those discussions lead to actual payment applications, then Cardano would have gained some level of institutional recognition. Until that point, however, this represents opportunities, not an established relationship.  Cardanos stablecoin base faces a key test  Cardanos next challenge is building enough stablecoin liquidity for real payment use. Its stablecoin market holds about $60 million. However, at least $43 million of this is comprised of USDCx.  Discover more  Access Premium News  Deploy Cloud Servers  Compare Credit Cards  This means that USDCx accounts for over 70% of the total dollar-denominated assets available to users of the Cardano network.  Source: Cardanoscan.io  Still, the majority of the activity is coming from DeFi applications, rather than being used for real-world payments. This matters because Mastercards program targets cross-border transfers, B2B payments, and settlement.  Despite Cardano offering low fees, the current lack of liquidity limits the ability to process larger amounts of flow through its rails. As such, an increase in USDCx in circulation, active user wallets, and overall transfer volumes will demonstrate stronger payment demand.  Growth

09-16انڈسٹری

Australian Dollar weakens below 0.7150 as markets brace for Fed rate decision

The AUD/USD pair declines to around 0.7120 during Asian trading hours on Wednesday. Expectations of a US interest rate hike provide some support to the US Dollar (USD) and act as a headwind for the pair. Traders brace for the US Federal Reserve (Fed) interest rate decision later on Wednesday.  Markets are now pricing in nearly a 92.4% chance that the US central bank will raise interest rates by 25 basis points (bps) at its September policy meeting on Wednesday, according to the CME FedWatch tool.  “A 25 basis-point increase is about 90% priced, implying the dollar will receive a modest boost if the Fed increases,” said Carol Kong, currency strategist at the Commonwealth Bank of Australia in Sydney.  Fed Chair Kevin Warsh will hold a press conference following the policy meeting on Wednesday. If Warsh plays down the risk of follow-up hikes, this could weigh on the Greenback in the near term. On the other hand, hawkish remarks from Fed policymakers could lift the USD against the AUD.  On the Aussie front, the Reserve Bank of Australia (RBA) has held the Official Cash Rate (OCR) at 4.35%, following three consecutive hikes earlier this year. However, expectations are growing for further interest rate increases

09-16انڈسٹری

Crypto industry turns to US regulators after CLARITY setback

Crypto industry leaders are looking to US financial regulators to fill the regulatory gap after the Senate on Tuesday failed to advance a major crypto bill establishing a regulatory framework for digital assets.  The Senate voted 49-50 on a motion to invoke cloture and advance the CLARITY Act, short of the 60 votes needed. Industry executives said the result was a disappointment, but pointed to potential rulemaking from the US Securities and Exchange Commission and Commodity Futures Trading Commission as the next best potential source of clarity.  Source: Brian Armstrong  “There is still reason for optimism for crypto in the United States. Now, the SEC, under Chair Atkins, and the CFTC, under Chair Selig, will continue to work hard to issue rules to fill the legislative gap and we will continue to be actively engaged in that rulemaking process,” said Ripple CEO Brad Garlinghouse on X.  At the Solana Policy Institute Summit on Monday, SEC Chair Paul Atkins again committed to delivering clearer crypto rules with or without legislative support. However, theres concern that this solution may only grant temporary reprieve for the industry.  “Rejecting the bill leaves firms completely dependent on agency guidance and ongoing administrative discretion,” added NEAR chief legal officer Abhishek Vaidyanathan.  “Firms

09-16انڈسٹری

Euro sticks to losses as USD strength builds ahead of Fed decision

The EUR/USD pair sticks to a negative bias for the fifth straight day and trades around the 1.1535-1.1530 area during the Asian session on Wednesday. Spot prices remain close to a one-month trough, touched on Monday, as traders now look forward to the highly anticipated FOMC decision for a fresh impetus.  The US Federal Reserve (Fed) concludes its September policy meeting today and is widely expected to raise interest rates by 25 basis points (bps). The market focus will also be on updated economic projections, which, along with Fed Chair Kevin Warshs remarks during the post-meeting press conference, will be scrutinized for more cues about the rate path in coming months. The outlook, in turn, will play a key role in influencing the near-term US Dollar (USD) price dynamics and drive the EUR/USD pair.  Heading into the key central bank event, inflation risks stemming from rising energy prices underpin prospects for further policy tightening by the Fed. In fact, crude oil prices shot to a fresh high since May 20 on Tuesday amid growing concerns about supply disruption in the Middle East. Adding to this, a surge in public and corporate borrowing lifted the yield on the benchmark 10-year US Treasury bond

09-16انڈسٹری

World Liberty Financial: Can $6M in whale buying help WLFI reclaim $0.06?

World Liberty Financial [WLFI] surged to a local high of $0.061 four days ago. However, the uptick proved short-lived as it retraced heavily.  As AMBCrypto earlier reported, WLFI retreated as most traders remained bearish. Moreover, the surge was driven by increased speculation, which also faded very fast. Since then, WLFI bulls have attempted to retake the market, but $0.06 has proved difficult to breach.  At press time, WLFI was trading around $0.058. At the same time, trading volume fell 13% to $42 million, indicating a market slowdown.  Whale scoops up $6.18M in WLFI  With the market cooling down, some whales have taken the opportunity to retake positions. According to Arkham data, one whale has been continuously withdrawing large amounts of WLFI from Binance.  Nazoku reported that a whale withdrew 90 million WLFI from Binance and received another 18.7 million WLFI from other wallets. In total, the whale has accumulated 108.45 million WLFI worth $6.18 million.  With the whale continuing to dig in, it signals strong optimism, as they anticipate more gains on the charts.  Source: CoinGlass  In fact, exchange activity echoes this whale accumulation. According to CoinGlass, Spot Netflow has remained negative for 12 consecutive days.  Such a sustained period of strong accumulation has often preceded better, strong performances.  World

09-16انڈسٹری

Ripples university strategy is evolving from blockchain labs to XRP logos in packed stadiums

Ripple is extending XRPs push into US college sports, adding Louisville to a campaign that has rapidly expanded since July.  Related Asset XRP #5 XRP · $1.28 24-hour change: down 9.62% Loading price history… 24H Down 9.62% 7D Down 9.17% 30D Up 28.60%  The crypto company said Monday it struck a partnership with Louisville Athletics that will give XRP prominent exposure around the university‘s basketball program, including branding on Denny Crum Court, extending a strategy that has already put the token on Kansas jerseys and the University of Florida’s football field.  Louisville marks Ripples third major college-sports agreement in roughly 10 weeks. The sequence reflects a broader effort to move XRP beyond financial and crypto audiences and into consumer-facing spaces where the company has spent years building relationships through research and education.  Related Company Ripple Financial technology and enterprise blockchain company  Ripple takes an old university strategy into stadiums  The college campaign builds on an academic network Ripple started years before universities began putting XRP logos in front of sports fans.  Ripple launched its University Blockchain Research Initiative (UBRI) in 2018 to finance blockchain research, curriculum development, and technical projects. The program now spans more than 60 universities in 27 countries and has supported more than 800

09-16انڈسٹری

Binance Earn Adds 11 US ETFs for Wealth Management

Binance has expanded its wealth management services by adding 11 US-listed ETFs to Binance Earn. The offering gives users access to short-term US Treasury and investment-grade bond funds. It marks another step in Binances push to combine traditional investments with its crypto platform.  The ETFs target different investment periods, ranging from under six months to more than one year. Binance has organized them into cash management, steady income, and yield enhancement categories. Consequently, users can select products based on their investment goals and preferred timeframes.  Traditional ETFs Join Binance Earn  Unlike tokenized stocks, the new service gives users exposure to actual ETF shares. Users can place orders through Binance Earn, while Binances stock trading infrastructure handles transactions.  Nest Trading routes orders to Alpaca Securities, which executes trades and safeguards the securities. Hence, users can access traditional financial products without moving to a separate investment platform.  Additionally, investors receive the economic benefits tied to their ETF holdings. These include price changes and cash distributions.  Binance Deepens TradFi Push  The launch follows Binances recent expansion into traditional financial markets. Earlier this month, the exchange introduced physically settled options covering more than 1,000 US stocks and ETFs.  Moreover, Binance already offers access to over 7,000 stocks and ETFs. Significantly, the latest

09-16انڈسٹری

Canadian Dollar languishes as bullish USD caps oil gains before Fed

The USD/CAD pair retains its positive bias for the sixth straight day, trading near the 1.3930 area, a two-week high during the Asian session on Wednesday amid a bullish US Dollar (USD). Spot prices await a breakout through the 100-day Simple Moving Average (SMA) before the next leg up as the focus remains on the outcome of a two-day FOMC policy meeting.  The US Federal Reserve (Fed) is scheduled to announce its decision later today and is widely expected to raise interest rates by 25 basis points (bps) at the end of the September 15–16 meeting. Investors will further scrutinize updated economic projections, which include the so-called dot plot, and Fed Chair Kevin Warshs comments during the post-meeting press conference for more cues about the future policy path. The outlook, in turn, will play a key role in influencing the near-term USD price dynamics and provide some meaningful impetus to the USD/CAD pair.  Heading into the key central bank event, the growing acceptance that the US central bank would stick to its hawkish stance amid oil-driven inflation risks remains supportive of surging US bond yields. Apart from this, escalating Middle East tensions help the safe-haven Greenback stand firm near a two-week high.

09-16انڈسٹری

$420 mln vanished: How Poland's Venezuelan oil deal exposed USDT loopholes

Polands state-controlled oil refiner Orlen is making headlines, but not for the right reasons.  According to the Financial Times report, the Polish oil company paid hundreds of millions of dollars in advance for Venezuelan oil. But the oil was never delivered, and the money eventually was not recovered.  Dubai-based intermediaries took things down the hill  For background, the state-controlled oil refiner operates through various subsidiaries, including Orlen Trading Switzerland. In late 2023 and early 2024, the subsidiary was trying to buy Venezuelan crude oil.  At that time, there was a temporary change in U.S. sanctions policy that allowed certain transactions involving Venezuelan oil.  Hence, instead of buying the crude directly from Venezuela, Orlen Trading Switzerland dealt with two Dubai-based intermediaries. For this, they reportedly converted their money into USDT and moved through Dubai-based intermediaries.  USDT payments spoiled the broth  So, all this happened wherein more than $132 million in USDT was allegedly transferred through physical USB drives. Meanwhile, one $135 million conversion reportedly resulted in only $85 million, leaving a $50 million shortfall tied up in a UAE court.  And then came the tankers Orlen had chartered that waited without receiving oil, adding around $72 million in shipping costs. In these payment series, one company, Hannon International Middle

09-16انڈسٹری
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