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Solana Network Nearly Froze After Routing Error Took 29% of Stake Offline
A Teraswitch routing error took 29% of Solana’s network stake offline, according to CryptoSlate. The failure did not cross the finality-halt threshold, but telemetry showed delayed finality and sharply lower throughput.
Crypto Long Positions Worth $570 Million Liquidated After Clarity Act Fails
About $570 million in bullish crypto futures positions were liquidated over 24 hours after the Clarity Act failed, with Bitcoin and ether longs recording the largest losses, CoinDesk reported.
H.R. 10357 seeks easier crypto use while raising an additional $500 million in taxes
H.R. 10357 would ease rules for crypto payments, fees and qualifying loans while expanding loss-deferral and trader-accounting provisions. CryptoSlate reported that the proposal is expected to raise an additional $500 million in taxes.