Election-linked speculation and viral political tokens reshaped memecoins in 2024 before confidence unraveled in early 2025, CoinGecko data shows. Political narratives helped push memecoins to record highs before accelerating a sharp reversal, according to crypto price tracker CoinGecko. In its 2025 State of Memecoins Report, CoinGecko highlighted how election-driven speculation has reshaped the memecoin sector. The report found that the total memecoin market cap peaked at $150.6 billion in December 2024, surpassing the sector’s previous highs in 2021. CoinGecko attributed the rally to a mix of new token launchpads, Solana experimentation and growing political narratives linked to the United States elections. Read more
Solana co-founder Anatoly Yakovenko claims the network is facing an industrial-scale 6 Tbps DDoS attack that has shown little visible impact. Solana co-founder Anatoly Yakovenko and several accounts tied to the network’s ecosystem said this week that Solana had been hit by a large distributed denial-of-service attack, with some posts citing traffic that peaked near six terabits per second (Tbps). Yakovenko wrote in a Dec. 9 X post that Solana was under a six Tbps distributed denial-of-service (DDoS) attack. Earlier on Tuesday, Solana Labs co-founder and president Raj Gokal suggested the attack was still ongoing. Cointelegraph was unable to independently verify the attack or its scale. Also on Tuesday, the CEO of Solana-based decentralized physical infrastructure network (DePIN) project Pipe Network, David Rhodus, pointed out that the shared metric put the attack at an “industrial-scale.” In an update, Pipe Petwork also claimed that the attack was “one of the largest in internet history,” as six Tbps “translat...
Custodia Bank is asking the full Tenth Circuit Court of Appeals to review the US Fed’s decision denying it a master account, which would allow it to process payments directly. Custodia Bank, a crypto‑focused bank founded by Bitcoin advocate Caitlin Long, is doubling down on efforts to obtain a master account at the US Federal Reserve by filing a new petition in the United States Court of Appeals for the Tenth Circuit. On Monday, the Wyoming-chartered company filed a petition asking all active judges of the Tenth Circuit to reconsider its October decision upholding the Federal Reserve’s denial of a master account for Custodia. Through the petition, formally termed a “rehearing en banc,” Custodia argued that the panel had misread the Monetary Control Act, which it asserts entitles any eligible bank to a master account, and in doing so, undermines state banking authority. Read more
Spain’s securities regulator, CNMV, has spelled out how it plans to run MiCA in practice, using a Q&A to inform crypto companies what to expect. Spain’s national securities regulator, the Comisión Nacional del Mercado de Valores (CNMV), has published a dedicated Q&A laying out how it intends to apply the European Union’s Markets in Crypto-Assets Regulation (MiCA) on the ground. The document outlines what crypto companies can expect on authorizations, notifications, day-to-day conduct and the transitional regime, pushing platforms toward a clear “comply or quit” decision as MiCA comes into force. The move puts Spain alongside other EU member states, including Italy, which are actively using MiCA’s transitional flexibilities rather than allowing prolonged regulatory uncertainty. Read more
The UK's FCA launched three consultations on new crypto market rules covering exchanges, staking, lending and DeFi, with feedback due Feb. 12, 2026. The United Kingdom’s Financial Conduct Authority (FCA) launched a series of consultations on proposed rules for digital asset markets, marking the next phase in the government’s effort to establish a comprehensive regulatory framework for crypto assets. The proposals, published across three consultation papers, cover crypto trading platforms, intermediaries, staking, lending and borrowing, market abuse, disclosures and decentralized finance (DeFi). The FCA said consultation responses will be open until Feb. 12, 2026. The regulator said the proposals aim to support innovation while ensuring that consumers understand the risks associated with crypto investment. It added that regulations should not eliminate risks entirely, but should ensure that participants operate responsibly and transparently. Read more
For our team, this is not only the loss of a respected builder in the Web3 space, but the loss of a close and trusted partner. For our team, this is not only the loss of a respected builder in the Web3 space, but the loss of a close and trusted partner with whom we worked side by side on strengthening validator infrastructure and staking systems within the Solana ecosystem as part of the CTDG initiative. The Web3 community lost a builder whose contribution deserves to be named with clarity and gratitude. For us, his absence is felt both professionally and personally - in the work we shared, the decisions we shaped together, and the long-term systems we helped build. Read more
StraitsX will expand its Singapore dollar and US dollar stablecoins to Solana by early 2026, targeting payments, DeFi and AI use cases. Singapore-based StraitsX plans to bring its Singapore dollar-backed XSGD and US dollar-backed XUSD to the Solana blockchain by early 2026. The rollout, announced in collaboration with the Solana Foundation, will allow users to settle transactions in Singapore dollar- and US dollar-backed stablecoins using Solana’s high-speed, low-cost infrastructure, the issuer said in a Tuesday blog post. “Launching XSGD and XUSD together on Solana will be game-changing. It unites CEX support, AMM liquidity, lending pools, and everyday payments on a single high-performance chain,” said Tianwei Liu, co-founder and CEO of StraitsX. Read more