On-chain Data

Solana
Solana’s Spam Problems Persist Despite Tech Improvements, MEV Researchers Say
Arbitrageurs are eating up precious blockspace with pointless transactions, according to Jito Labs.
Solana

$2 million exploited in MM Finance hack
Algorand Wallet MyAlgo Advises Users to Withdraw Funds After $9.6M Exploit
John Woods, chief technology officer of the Algorand Foundation, said 25 wallets were affected.
$2 million exploited in MM Finance hack

Last week, some Crypto Twitter users found out that a part of Factor’s code was copied from other crypto projects. (Kevin Ku/Unsplash)
Arbitrum-Based FactorDAO Releases Staking Service, Developers Address Crypto Twitter Rumors
FCTR tokens fell to as low as 44 cents in the initial hours after a Camelot DEX sale and have since seen high volatility.
Last week, some Crypto Twitter users found out that a part of Factor’s code was copied from other crypto projects. (Kevin Ku/Unsplash)

Solana
Solana Developers Say Reason for Network Outage Still Unclear
The Solana blockchain was stuck for more than a day over the weekend, recovering only after validators restarted the network.
Solana

BitDAO chart (TradingView)
BIT Token Surges to Weekly High Following $200M BitDAO Ecosystem Fund Proposal
BIT jumped 5% over the weekend, outperforming both ETH and BTC, following the proposal from layer 2 network, Mantle.
BitDAO chart (TradingView)

DOGE Meme shiba inu dog (Atsuko Sato/Wikimedia)
Shiba Inu Investor Transfers Tokens to Exchanges, Possibly Foreshadowing Price Drop
Wallet 0xd6 moved more than 182 billion shiba inu tokens to crypto exchanges Gemini and Crypto.com during Asian morning hours on Monday.
DOGE Meme shiba inu dog (Atsuko Sato/Wikimedia)

DO NOT USE: Traders are speculating on goerli ether. (Dall E)
Start of the End? Testnet Goerli Ether Spikes to $1.60 as Traders Jump on Opportunity Meant for Developers
LayerZero offered developers a way to get their hands on intrinsically worthless gETH tokens for testing purposes – but traders jumped on that opportunity, leading to an uncannily high-valued market.
DO NOT USE: Traders are speculating on goerli ether. (Dall E)

Optimism surges 6.5% (Cryptowatch)
Optimism Token Up 6.5% as Coinbase Builds Its Layer 2 on the Platform
The layer 2 network, called Base, won't have a native token.
Optimism surges 6.5% (Cryptowatch)

BUSD trades at $0.20 (Cryptowatch Desktop)
BUSD Stablecoin Temporarily Plunges to 20 Cents on Binance
The stablecoin – which currently finds itself in the middle of a regulatory tussle – immediately regained its $1 peg.
BUSD trades at $0.20 (Cryptowatch Desktop)