The testnet launch follows the successful completion of the DevNet, which saw over 3.6 million transactions across 300,000+ unique addresses completed. Somnia , a cost-efficient EVM-compatible Layer 1 blockchain, has announced the launch of the Shannon Testnet , as it prepares for the upcoming mainnet launch. The blockchain, which aims to offer faster transaction speeds and higher scalability, will offer Web 3 users a real-world testing ground for their next-generation platform, starting today. The Shannon Testnet is named after Claude Elwood Shannon, the father of information theory, and will offer a testing ground for users to build applications on a high-speed, scalable and cost-efficient platform. In addition, the Testnet also introduces new features and innovations to make development more efficient on the platform. Some of the innovations include the MultiStream consensus, advanced compression techniques and sequential execution. The launch of the Shannon Testnet follows a successful DevNet performance, with the Somnia blockchain recording 1 million+ transactions per second (TPS), showing its capability to finalize huge volume transactions. Moreover, the DevNet also achieved sub-second finality and ultra-low transaction fees, proving its ability to handle real-world demand. The Shannon Testnet aims to improve the blockchain through rigorous testing by users and developers. It is designed to test congestion resistance and give developers the infrastructure to deploy applications at high scalability to millions of users. Shannon is designed to simulate real-world conditions, ensuring blockchain applications can function at a mass scale. Shannon Testnet Introduces New Innovations and Features As alluded to, Somnia will be bringing massive changes to the Shannon Testnet, introducing powerful groundbreaking innovations. The Testnet will be powered by several technologies, including the MultiSream consensus, sequential execution, deterministic databases, and advanced compression techniques. The MultiStream consensus aims to provide the backbone of high-performance scalability on the blockchain. This consensus revolutionizes blockchain scalability, allowing parallel execution of transactions without network slowdowns. This model enables each validator to be responsible for adding data to its chain without needing consensus checks at the individual level. Instead of a universal chain, these individual data chains function separately, while a “consensus chain” brings them together. This allows the chain to offer sub-second finality, high TPS and sub-cent transaction fees. “Shannon Testnet is the proving ground for a fully on-chain future. With 1M+ TPS, sub-second finality, and MultiStream Consensus, developers can build without limits, and millions of users can experience blockchain at true internet scale,” Somnia founder Paul Thomas said. Other additional innovations include accelerated sequential execution, which converts EVM bytecode into highly optimized native code, delivering single-core performance without runtime interpretation bottlenecks. Also, Shannon Testnet introduces the IceDB, a custom-built blockchain database that provides nanosecond-level read/write speeds, ensuring consistent transaction finalization and accurate gas fee estimation. Finally, developers on Shannon will also enjoy advanced compression techniques, reducing the bandwidth requirements through streaming compression algorithms, enabling scalability for millions of transactions per second. These innovations aim to offer developers a robust, fast, scalable and cost-effective environment to build next-generation blockchain applications. Unlocking A New Era For Blockchain Development The Shannon Testnet will enable several users to enjoy greater decentralization as multiple third-party validators join the network and staking protocols go live. This is expected to enhance the robustness of the network and enhance security and resilience. Secondly, the blockchain will remove state wipes, allowing developers to build confidently without the need to redeploy or replay the state. This ensures a more reliable and predictable environment for developers. Also, Shannon Testnet enhances developer readiness by providing the necessary infrastructure and toolkits to build and test applications. As the Testnet gains momentum, the team believes it will spark ecosystem growth as projects onboard to the blockchain, driving up real adoption rates and testing activity. This will unlock new real-world use cases across Somnia including reactive applications (DApps that instantly respond to on-chain events and real-world data), fully on-chain gaming (games with real-time mechanics, instant transactions, and decentralized economies), scalable DeFi protocols, and social platforms and metaverses. Looking Forward Somnia’s Testnet is fully equipped with the infrastructure that developers need to build and scale their applications. Apart from the next-gen features and innovations, the testnet also integrated key infrastructure partners, ensuring seamless development and deployment. With the upcoming robust ecosystem in place, developers can immediately start building without needing to wait for additional integrations. According to the team, the Shannon Testnet launch is the next step towards the mainnet launch – expected later this year. Over the coming months, the Testnet will welcome developers to deploy applications, optimize performance, and stress-test the network, while Somnia continues refining its infrastructure for full-scale adoption.
Singapore, February 23, 2025 – In the wake of the recent $1.5 billion hack affecting a major cryptocurrency exchange, HTX hosted a live discussion on X and its Global Advisor Justin Sun addressed the growing security concerns in the cryptocurrency industry. The discussion, titled “Together Against Industry Crisis, Is There a Best Solution for the Security of the Crypto Industry?” featured insights from leading security firms SlowMist and GoPlus Security, as well as prominent KOLs. Security: A Top Priority for HTX Sun stressed that security is a “top priority”, demanding constant vigilance and learning. He illustrated how hacker tactics have evolved, from early hot wallet attacks to more sophisticated multi-signature wallet breaches, and declared that exchanges must continuously enhance their security protocol. Sun emphasized that security is like personal health management, requiring internal efforts and a proactive approach. HTX has implemented multi-device login, remote login alerts, abnormal transfer alerts, and other security features, and has publicly disclosed Merkle Tree Proof of Reserve (PoR) for 28 consecutive months, maintaining reserve ratios exceeding 100%. Sun’s Influence on Security Practices Across the Crypto Landscape Sun’s commitment to security extends to his vision for HTX and his influential role in shaping security practices across the broader crypto landscape. He believes that the principle of security is considered fundamental to every business and product. He cited the early implementation of native multi-signature functionality in TRON as a successful example of proactive security design, demonstrating his commitment to building security into the foundation of his projects. He also highlighted the recent launch of USDD 2.0, emphasizing the deep understanding of stablecoin security risks that informed its development. “Just as exchanges should strengthen security mechanisms from the source in system design and operation, to maximize the prevention of security incidents,” Sun stated. Sun also revealed that HTX collaborates with numerous white hat teams to conduct continuous penetration testing, security drills, and vulnerability mining. The platform actively monitors global cryptocurrency security incidents and studies hacker attack principles and methods for effective prevention. Addressing the Situation and Industry Cooperation Regarding the controversy surrounding CZ’s suggestion for the affected exchange to suspend withdrawals, Sun acknowledged the validity of the advice from an exchange perspective. He explained that the initial hours after a security breach are crucial for investigating the issue and ensuring safety. While suspending withdrawals is necessary to eliminate risks, the suspension period should be minimized to reduce user impact. Sun called for closer cooperation between exchanges, security agencies, and the community to jointly address hacker threats, promote technological sharing, security innovation, and information exchange, and promote the healthy and sustainable development of the industry. HTX’s Commitment to User Safety HTX demonstrates its commitment to security through a proactive and continuously improving approach. The platform’s multi-faceted security strategy encompasses collaboration with leading security experts, rigorous ongoing monitoring, robust internal protocols, and a focus on enhancing multi-signature support, security alerts, and mitigating emerging threats such as hashtag scams. This comprehensive strategy reflects HTX’s dedication to safeguarding user assets and fostering a secure and reliable trading environment. This commitment was further emphasized by the specific security protocol requirements shared by Justin Sun at the February 21st Meetup in Hong Kong. About HTX Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses. As a world-leading gateway to Web3, we harbor global capabilities that enable us to provide users with safe and reliable services. Our growth strategy – “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance”, underpins our commitment to providing quality services and values to virtual asset enthusiasts worldwide. For more information on HTX, please visit the HTX Square , or https://www.htx.com/ , and follow X , Telegram , Discord . For further press enquiries, please contact glo-media@htx-inc.com . The post HTX Global Advisor Justin Sun Advocates Crypto Security Collaboration first appeared on HTX Square .
Staying ahead of the curve is a big deal for crypto auto traders. As cryptocurrencies continue to grow in popularity and attract a whole new generation of investors, traders must keep up with the pace of development to ensure that they won’t suddenly find themselves with an obsolete trading solution that’s lost its magic touch. With this promising crypto forecast in mind, the main question that many crypto traders have been asking themselves is how they can ensure that their automated crypto trading bots can successfully deal with whatever the future brings. To answer this question, an excellent place to start is by asking ourselves what features and abilities we expect to be most crucial for success later on. After pondering the last sentence, artificial intelligence likely popped into many of your minds. While there is much anticipation and excitement around the topic, you should focus your efforts elsewhere. For now, this technology is out of reach, and most experts agree that there is still plenty of time before entirely autonomous AI-driven crypto trading will be a viable option available to the general public. With that said, the future of automated crypto trading is by no means reliant on just this one technology. Good crypto trading bots with a wide range of advanced features are already available to help us traders secure our financial future. To begin with, some automated trading tools give us traders the same reliable yet hassle-free approach towards buying and selling cryptos in the way that AI is expected to deliver in the coming years. These crypto bots, most commonly known as signals or expert-copy bots, allow you to automatically copy trades and positions of renowned trading experts with extreme precision. Setting up a signals trading scheme might take a while if done with accuracy in mind. For it to be successful, traders must conduct thorough due diligence on the different signal providers before choosing the ones that satisfy their preferences. If you are taking notes, your most significant takeaway should be to start exploring signal channels for trading alerts and the overall design of your trading strategies and signals bot to ensure smooth execution. If you find your signals to be too dangerous or conservative to your liking, you always have the option to adjust them according to your personal risk tolerance. Next, consider narrowing down your range of options only to those likely the most relevant to future market conditions to best prepare for the future. The safest choices would be crypto trading bots designed for exploiting rising markets, volatile markets, or both. Like before, try to focus on highly customizable trading solutions that enable traders to adjust their strategies according to their specific needs. For bullish trends, dollar-cost-averaging crypto trading bots, or DCA bots, are popular among crypto traders at all levels. Its very intuitive approach entails cashing in on short-term trades during upswings while avoiding any price correction that may occur occasionally. If you are bullish about the long-term potential of a specific crypto, then setting up a DCA bot to trade it efficiently is an option worth considering. Regarding volatile markets that lack a clear direction, grid bots are considered an excellent tool to capitalize on ranging markets through fast-paced trades with an elaborate set-up of numerous trades, each with its distinct entry and exit plan. In many cases, an ongoing price appreciation is accompanied by increased volatility. Therefore, grid bots are likely to be even more relevant in the future than they are now. As a last piece of advice, remember that tomorrow is technically the future, and there is no better time to prepare for it than today. Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
A historic crypto hack involving Bybit resulted in a loss exceeding $1.4 billion. Lazarus, a North Korean hacking group, uses social engineering to attack crypto projects. Continue Reading: Massive Crypto Hack Shakes Bybit’s Stability: What You Need to Know The post Massive Crypto Hack Shakes Bybit’s Stability: What You Need to Know appeared first on COINTURK NEWS .
Ethereum is certainly not in most bullish state it has ever been
The crypto market is exploding with momentum, and XRP and Solana are leading the charge. With XRP surging past $2.70 and Solana pushing toward $180, investors are hunting for the next massive opportunity. One project is stealing the spotlight— MAGACOINOFFICIAL.COM . To celebrate its rapid success, early buyers can claim a 50% EXTRA BONUS with MAGA50X! DON’T WAIT—CLICK HERE TO LOCK IN YOUR BONUS NOW! Why MAGACOINOFFICIAL.COM Stands Out Unlike these established cryptos, MAGACOINOFFICIAL.COM is still in its early phase—offering the biggest gains. Presale demand is exploding, with over $3 million raised. Early investors have the advantage before major exchange listings. Analysts predict a massive surge that could push MAGACOIN to $1 by 2025. XRP and Solana’s Explosive Growth Signals a Bull Run XRP has been on a tear, fueled by its growing adoption in cross-border payments. Trading at $2.70, XRP has gained over 30% year-to-date and shows no signs of slowing. Solana (SOL), known for its blazing-fast transactions, is currently priced at $177.67. With NFT adoption and DeFi projects booming on its blockchain, SOL’s growth remains strong. While these cryptos are pumping, the biggest gains come from early-stage investments—where 1000x opportunities exist. DOT, KAS, and APT: Good Plays, But Limited Gains? Polkadot (DOT): Trading at $8.79, DOT is solid but isn’t delivering the massive breakouts investors crave. Kaspa (KAS): At $0.10, KAS has upside, but its gains have slowed compared to other fast-growing projects. Aptos (APT): Currently $6.36, APT has strong tech but lacks the hype to drive 1000x returns. PRESALE SPOTS ARE FILLING UP FAST—CLAIM YOUR 50% EXTRA BONUS NOW! Conclusion XRP and Solana are already delivering massive gains, but for those looking for 1000x potential, the real opportunity lies with MAGACOINOFFICIAL.COM . With huge presale demand, early-stage access, and market hype, this could be the best investment of 2025. The window to buy low won’t last—secure your stake today at MAGACOINOFFICIAL.COM . Website: MAGACOINOFFICIAL.COM X/Twitter: https://x.com/officialMAGAx Continue Reading: XRP and Solana Are on Fire—Could This Crypto Be the Next 1,000x Opportunity?
The crypto market is overflowing with fresh opportunities as investors from Chainlink (LINK) and Hyperliquid (HYPE) look for the next big thing. While both projects have solidified their positions in the DeFi sector, recent price trends and developments suggest investors are exploring a new DeFi competitor. This new DeFi competitor is already shaping up to be the 2025 DeFi star. It offers innovative solutions and trading rewards that could outperform traditional market leaders. Read on for more on this new market player and how it compares to LINK and HYPE! >>>JOIN FXGUYS HERE Chainlink Struggles Despite Strong Network Growth Chainlink has been a constant in the crypto space, providing secure Oracle services for smart contracts. However, in the past month, LINK’s price has dropped 18%. The Chainlink token now trades at $19.24 . Despite integrations with several Layer 2 solutions , the token price is still behind the times, emphasizing the need for caution. Chainlink has focused on improving staking mechanisms and expanding real-world data integrations. While this has strengthened its long-term use case, short-term token price action has been underwhelming. Analysts believe that breaking its current resistance will initiate a bull run, but more market momentum is needed for LINK. Institutional acceptance has also been key in the LINK ecosystem as major financial organizations have adopted Chainlink’s data feeds . Even so, there has not been strong retail support for the LINK price activity. Chainlink investors are now considering newer DeFi coins that provide more immediate profit opportunities. Hyperliquid Sees Mixed Sentiment Among Investors Hyperliquid, a decentralized perpetual trading platform, has gained traction for its innovative approach to derivatives trading. Trading at $25.43 , HYPE’s price has risen over 23% in the last month, driven by rising trading volumes and platform developments. The token has, however, faced resistance at some level, limiting a strong breakout. Hyperliquid’s newer venture into AI-powered trading tools has attracted institutional attention, though retail investors remain cautious. The introduction of zero-slippage order execution has positioned Hyperliquid as a strong competitor in the DeFi space, yet HYPE’s price remains volatile. HYPE has been facing regulatory uncertainty surrounding decentralized derivatives. As global regulators crack down on high-leverage trading, investors assess whether Hyperliquid’s HYPE will maintain its long-term viability. Many are investing in emerging DeFi platforms that balance innovation and regulatory compliance. Why is FXGuys Emerging as the Best Crypto Trading Platform? With Chainlink and Hyperliquid showing mixed price action, a new DeFi competitor, FXGuys ($FXG), is gaining momentum. This new prop firm redefines crypto trading by providing access to up to $500,000 in trader funding. Thus, you can scale your positions without risking excessive personal capital. You can also earn rewards through the FX Guys Trade2Earn program, receiving $FXG tokens for every trade you execute—a feature missing in most traditional DeFi platforms. That’s not all! Unlike LINK and HYPE, which rely on long-term adoption to see price growth, this new competitor offers instant staking rewards. You can secure up to a 20% APY by staking your tokens on the FXGuys platform. Another major advantage is the instant payout system, which allows you to withdraw profits without waiting. This feature makes it stand out against DeFi platforms that often impose withdrawal restrictions or long settlement periods. In addition, FXGuys has launched its BETA trading platform, allowing early investors to experience its features before the official launch. This hands-on access has helped build confidence in the project, making it a top contender for the best crypto trading platform against established DeFi giants. >>>JOIN FXGUYS HERE Is $FXG 2025’s DeFi Coin Star? While Chainlink and Hyperliquid continue to develop, investors are looking for projects with faster growth potential. FXGuys is proving to be a powerful alternative, combining trader-friendly features with massive upside potential. Currently, in its Stage 3 public presale, the token is valued at $0.05. The FXGuys presale has already raised over $4 million, and its next stage price is set at $0.06. Due to its growing demand, Stage 3 is 80% complete. Once $FXG launches on multiple exchanges at $0.10, Stage 3 investors will grab a massive 100% ROI. With a launch price slated for $0.10, early investors who got in at the Seed Funding Round price of $0.01 expect a 900% profit. For those looking to capitalize on the next big DeFi coin, $FXG might just be the best cryptocurrency investment option of 2025. The presale supply is running out fast. Get in now! To find out more about FXGuys follow the links below: Presale | Website | Whitepaper | Socials | Audit Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice. Times Tabloid is not responsible for any financial losses. The post Chainlink And Hyperliquid Investors Secure Early Investment In New DeFi Competitor appeared first on Times Tabloid .
Bybit has launched a bounty program offering up to 10% of recovered funds to ethical hackers and cybersecurity experts, incentivizing efforts to reclaim $1.4 billion in stolen assets. Over $43
As Bitcoin’s 90-Day active supply declines, it signals a decrease in short-term trading activity and hints at broader market sentiment shifts. This reduction in active supply raises questions about the
MANTRA (OM) has surged 100% this month, currently trading at $8.58 with a 24-hour trading volume of $609.6 million. MANTRA has obtained a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA), allowing it to operate as a Virtual Asset Exchange and provide Broker-Dealer, Management, and Investment Services. This regulatory approval strengthens MANTRA’s position as a compliant player in the decentralized finance (DeFi) space, enhancing its credibility and investor confidence. The move into Dubai, a hub for digital asset innovation, strategically positions MANTRA to introduce a range of regulated DeFi products tailored to meet the evolving needs of global investors. As digital finance grows, regulatory compliance is becoming crucial for investor trust and market adoption. This license not only bolsters MANTRA’s legal standing but also sets the stage for its continued growth in the Middle East and beyond. Technical Analysis: Will MANTRA Break Above $9.59? MANTRA is attempting to break above the crucial resistance level at $9.59, which could trigger further bullish momentum towards $10.07 and $10.84. However, failure to clear $9.59 may result in a pullback to the immediate support at $8.43. The ascending channel pattern indicates a bullish continuation as long as prices remain above the $8.43 pivot point. Additionally, the 50-Day Exponential Moving Average (EMA) at $7.45 is acting as dynamic support, reinforcing the bullish sentiment. Key Resistance Levels: Immediate Resistance: $9.59 – A breakout above this level could target $10.07 and $10.84. Next Resistance: $10.07 and $10.84 – Clearing these levels could push MANTRA towards $12 and beyond. Key Support Levels: Immediate Support: $8.43 – A drop below this level could lead to further declines. Next Support: $7.77 and $7.13 – Critical zones to watch if selling pressure intensifies. The bullish trend remains intact above $8.43, supported by the ascending channel pattern. However, a break below this level could trigger a bearish reversal, testing support at $7.77 or even $7.13. Can MANTRA Hit $15? Key Drivers and Outlook With a market cap of $8.35 billion and increasing trading volume, MANTRA is gaining traction among investors. The Dubai VASP license and RWAccelerator launch are key drivers fueling bullish sentiment. Additionally, the expansion into the Middle East aligns with MANTRA’s long-term growth strategy, leveraging Dubai’s forward-thinking regulatory landscape. The global tokenization market is projected to grow at a CAGR of 19%, reaching $5.6 billion by 2026. By leading the RWA tokenization movement, MANTRA is well-positioned to capitalize on this trend. Moreover, Google Cloud’s support in the RWAccelerator program adds credibility and innovation potential. However, volatility remains high, and investors should watch the $9.59 resistance and $8.43 support levels closely. A decisive breakout above $9.59 could pave the way for a rally towards $15. Conversely, failure to maintain momentum above $8.43 may trigger consolidation or a bearish reversal. Key Insights: Bullish Momentum Above $8.43: The ascending channel pattern supports bullish continuation if prices remain above $8.43. Breakout Potential at $9.59: A breakout above $9.59 could push MANTRA towards $10.07 and $10.84. Dubai Expansion Boost: VASP license and RWAccelerator launch enhance MANTRA’s regulatory compliance and growth prospects. As MANTRA continues its upward trajectory, the $15 mark is within reach, supported by strong technical indicators and strategic growth initiatives. However, traders should monitor resistance and support levels for potential breakout or reversal signals. Best Wallet Token ($BEST): Advanced Crypto Management & High-Yield Staking Best Wallet Token ($BEST) powers Best Wallet, an innovative digital asset management platform designed for both novice and experienced crypto traders. Available on Google Play and the App Store, Best Wallet provides secure storage, investment insights, and integrated staking, positioning itself as a leader in the crypto management space. What Makes Best Wallet Unique? Best Wallet stands out from other digital wallets due to its advanced features and user-centric design: Early-Access to Emerging Tokens: Users can invest in new crypto projects before they become widely available, maximizing potential gains. Enhanced Security: Built on Fireblocks’ MPC-CMP security framework, Best Wallet ensures robust protection for transactions and portfolio management. Wide Crypto Support: The platform supports over 1,000 cryptocurrencies, offering a seamless user experience for diverse crypto portfolios. Latest Update (v2.4.5): Users can now claim tokens directly within the app, eliminating the need for third-party platforms. Why Investors Are Bullish on $BEST Competitive Staking Rewards: 157% APY on staking, one of the highest in the market. Strong Investor Confidence: 169.97 million $BEST tokens staked, showing strong community support. Rising Demand: $10.40 million raised, reflecting growing interest ahead of the next price hike. With high staking rewards, strong backing, and advanced technology, $BEST is positioned as one of the most promising utility tokens in the industry. The post Mantra Price Pumped 100% This Month: $15 on the Horizon? appeared first on Cryptonews .