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Solana activity flips Ethereum amid memecoin craze, even as txs fail
Solana activity flips Ethereum amid memecoin craze, even as txs fail

Degens were piling into Solana-based memecoins such as “Book of Meme” and “SNAP” as the network struggled to keep up with the surge of activity.

Cointelegraph·2024/03/18 02:28
Bitcoin price consolidation preps NEAR, APT, RNDR and MKR for more upside
Bitcoin price consolidation preps NEAR, APT, RNDR and MKR for more upside

Bitcoin recovered the $68,000 level, triggering buying in NEAR, APT, RNDR and MKR.

Cointelegraph·2024/03/17 18:24
Solana's memecoin mania pushes on-chain volumes and fees to new highs
Solana's memecoin mania pushes on-chain volumes and fees to new highs

Volume on Solana exceeded $3.79 billion on Friday. Total fees on Solana are also at new all-time highs. Jupiter did more volume in the past 24 hours than Uniswap V3 (Ethereum).

The Block·2024/03/17 15:48
Bitcoin Is a Top 10 Financial Asset by Market Cap, But What About Ethereum?
Bitcoin Is a Top 10 Financial Asset by Market Cap, But What About Ethereum?

Ethereum’s price had exceeded $4,000 earlier this week but is down by $500 since then.

Cryptopotato·2024/03/17 13:19
Flash
21:35
Elon Musk has reached nearly one third of his second $1 trillion goal
And after just two trading days, he has already achieved nearly one-third of his next trillion-dollar goal. According to the Bloomberg Billionaires Index, Musk's wealth climbed to 1.32 trillion dollars on Tuesday. This marks an increase of nearly 90% compared to his net worth of 696 billion dollars last Wednesday, which was the day before SpaceX priced its IPO at 135 dollars per share. Expand
21:18
According to documents submitted to the U.S. Securities and Exchange Commission (SEC), Matador Resources has confirmed that its borrowing base remains unchanged at $3.25 billion.
Meanwhile, the company successfully increased its total credit commitments to $2.75 billion. This move consolidates the company's financial flexibility, providing solid funding support for ongoing business operations and strategic investments. Maintaining the existing borrowing base indicates continued recognition by lenders of the company's asset value and creditworthiness, while the increased commitment amount further expands its available credit capacity. In the current complex and volatile energy market environment, strengthening liquidity reserves is crucial for independent oil and gas producers like Matador Resources. Adequate credit support will help the company seize potential growth opportunities and effectively respond to market fluctuations.
21:17
U.S. Intelligence: Iran Still Capable of Closing the Strait of Hormuz Again
On June 17, U.S. intelligence assessments indicated that Iran, after demonstrating relevant capabilities during conflicts, still has the potential to close the Strait of Hormuz again. Although a deal to reopen the Strait is anticipated, Tehran retains capabilities in missiles, drones, speedboats, and mine-laying, which could disrupt global energy transportation. Intelligence officials stated that Iran has gained leverage over this critical trade route and may use regional energy infrastructure as a tool for pressure.
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