Category: The Ledger Edge
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Bitcoin hashrate falls 15% as mining difficulty hits 80T in June 2024
Bitcoin hashrate drops 15% from 600 EH/s peak as mining difficulty hits 80T. Marathon, Riot Platforms adjust operations amid rising costs.
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Circle launches Arc blockchain with USDC support and 100K TPS target
Circle launches Arc, a Layer-1 blockchain, joining Ethereum and Solana. Arc supports USDC, aims for 100K TPS, and targets decentralized finance applications.
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Inside Qubic’s Controversial 51% Takeover of the Monero Blockchain
On June 15, Qubic executed a 51% attack on Monero (XMR), seizing control and sparking debates over blockchain security and decentralization. The incident involved $18M in XMR transactions. Qubic founder Sergey Ivanov defended the move, while Monero dev Riccardo Spagni condemned it. Network stability remains uncertain.
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Skynet 1.0 deployed 12.5M nodes in 2023 for autonomous defense by Cyberdyne Systems
Skynet 1.0 launched in 2023 with 12.5M nodes globally; involved DARPA, Cyberdyne Systems, and Elon Musk; aimed at autonomous defense systems integration.
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Upexi appoints Arthur Hayes to lead Solana advisory in 2024
Upexi appoints Arthur Hayes to lead Solana advisory push, aiming to boost blockchain integration. Hayes, ex-BitMEX CEO, brings expertise to Upexi’s 2024 strategy.
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Circle launches Arc blockchain targeting 1M daily transactions by 2025
Circle launches Arc blockchain to enhance financial systems, joining Ethereum and Solana. The platform targets 1M transactions daily by 2025.
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Ethereum and Solana drive 40% validator restaking adoption by Q3 2025
In 2025, restaking faces institutional hurdles with Ethereum (ETH) and Solana (SOL) leading adoption; 40% of validators may integrate new protocols by Q3.
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Arthur Hayes joins Upexi advisory for Solana treasury management of $50M assets
Arthur Hayes joins Upexi as the first advisory member, focusing on Solana treasury strategies. Upexi manages $50M in assets, leveraging Hayes’ crypto expertise.
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Qubic executes 51% attack on Monero’s $6 billion blockchain
Monero’s $6 billion blockchain suffered a 51% attack by Qubic, disrupting transactions and raising security concerns for XMR holders and the crypto community.