Solana’s Block Limit Storm: Upgrades or Doom?
Web3 infrastructure company Jump Crypto has proposed removing Solana’s fixed compute block limit to strengthen network performance and incentivize validators with suboptimal hardware to upgrade. 🚀
Web3 infrastructure company Jump Crypto has proposed removing Solana’s fixed compute block limit to strengthen network performance and incentivize validators with suboptimal hardware to upgrade. 🚀

If we take a look at the daily chart, it’s the same old sad song: lower highs, lower lows. So, yeah, not a great look. Buyers tried to defend the $21.00 mark like it was the last slice of pizza, but each time, they were swiftly met with the cold slap of selling pressure. If Chainlink closes below $20.50, it’s probably heading toward $20.00-pretty much a free fall, right? But hey, if the $20.50-$20.70 range holds strong, maybe-just maybe-a rebound toward $21.40 could happen, like an optimistic comeback tour.
Crypto.com just got a gold star from the CFTC and NFA for its derivatives business. Who knew crypto needed a participation trophy to play in the U.S. market? 🏆 Now they’re “officially” offering margined derivatives, futures clearing, and whatever “compliance-driven trading” means. Spoiler: It probably still involves people losing money on Dogecoin. 🐕💸

Short-term price action? More like short-term disaster. WIF was at $0.712 earlier-because why not keep the misery going? Since the 22nd, it’s been a sell-off fiesta, and every rebound is shallower than my patience for small talk. Candlestick patterns? They’re screaming, “We’re doomed!” Sellers are rejecting upward moves like I reject bad sitcom pitches. 📉

The modest 25 basis point US Fed rate cut on Sept 18 did not soothe the nerves but unfastened them, triggering a seven-day sell-off that pressed BTC below 110,000 on Friday, Sept 25-the first such breach in 20 days. Since then, Bitcoin has struggled to reclaim the 110k threshold, while a 33% collapse in trading volumes on Sunday signaled feebleness of conviction for the week to come. 💨
Telegram initially yanked posts that were so obviously against the rules, even my cat could spot them. But when France and Moldova started sending lists of channels that were “problematic” only because they disagreed with the content, Durov threw up his hands and said, “Sorry, folks, but I don’t censor based on political preferences. Not even for a free croissant.” 🥐
The oil-rich Venezuela, with the unyielding embrace of U.S. sanctions, gracefully pivots like a prima donna to stablecoins to stay afloat. Asdrúbal Oliveros of Ecoanalítica speaks thus of the pivot, with a touch of hysteria, given the dire paucity of dollars eagerly awaiting some semblance of engagement.

Clinging to the $12 level is the hinge on which the door of fortune might swing; fail there and we drift into the dreary republic of $9-$12, even with volume that would make a banker blush and accumulation that would make a saint suspicious. 😏
Ethereum, alas, has fallen from its lofty perch, dropping below four thousand pieces of silver (or dollars, as the common folk call them). A lamentable 14% decline, you say! Yet, fear not, for our whales perceive this not as ruin, but as an opportunity! A chance to sate their appetites! More than 406,000 ETH – a sum exceeding 1.6 billion – has been scooped up by these discerning investors in recent days. Truly, a gluttonous display!.