Altcoin
Solana Takes Action Against Validators Involved In Sandwich Attacks
The Solana Foundation has initiated a stern move against sandwich attacks on the network. They recently removed several validator operators from its delegation program due to their involvement in sandwich attacks on Solana users. This decision, described as final, was announced by Tim Garcia, Solana Validator Relations Lead, on the Solana Foundation’s Discord server.
Solana Foundation Tackles Issue Of Sandwich Attacks
Garcia stated, “Decisions in this matter are final. Enforcement actions are ongoing as we detect operators participating in mempools which allow sandwich attacks.” Moreover, the foundation aims to ensure that validators who engage in malicious activities, such as sandwich attacks, are not supported by the delegation program.
In addition, Mert Mumtaz, co-founder of Solana RPC provider Helius, explained that the foundation’s move is intended to protect retail users from these exploitative practices. For context, sandwich attacks involve front-running exploits where attackers place transactions around a victim’s transaction to manipulate the price and profit from the difference.
Earlier, this type of attack was explicitly prohibited by the Solana Foundation via a Discord post on May 7, 2024. Furthermore, Garcia emphasized the foundation’s unwavering stance. She noted, “Operators engaging in malicious activities such as participating in a private mempool to sandwich attack transactions or otherwise harming Solana users will not be tolerated by the delegation program.”
Additionally, Garcia highlighted that the Solana Foundation would take similar actions if the problem persists in future. She added, “Anyone found engaging in such activity will be rejected from the program and any stake from the Foundation will be immediately and permanently removed.”
The Solana Foundation Delegation Program was established to help validators operate effectively by delegating SOL tokens to them. Hence, it removes the necessity for validators to hold a significant amount of tokens themselves. Moreover, validators are chosen based on their performance, but their participation requires adherence to specific expectations and good practices.
Also Read: Solana Set For v1.18.15 Mainnet Upgrade, SOL Price Rally to $250 Ahead?
What Has Changed For These Validators?
Despite their removal from the delegation program, the validators involved in sandwich attacks can still contribute to the Solana blockchain. However, they will no longer receive SOL delegations from the foundation, which effectively ends their subsidy.
On the Solana network, issues of Maximal Extractable Value (MEV) arise when validators manipulate transaction ordering to maximize profits. This includes front-running and sandwich attacks. In such cases, validators exploit transactions to benefit from price changes, leading to higher costs and slippage for users.
Garcia’s announcement highlighted the foundation’s commitment to enforcing rules against such exploitative practices. The aim is to maintain a fair and trustworthy environment for all Solana users. By removing support from validators involved in these attacks, the foundation hopes to deter future malicious activities and uphold the integrity of the network.
The enforcement actions are part of a broader effort to combat MEV issues on Solana. In addition, validators who engage in front-running and sandwich attacks disrupt the fairness of the market, causing financial harm to users. The foundation’s decisive action reflects its dedication to protecting users and ensuring the network operates smoothly and fairly.
Also Read: Solana’s DePIN Project IONET In Management Transition As CEO Resigns
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Altcoin
XRP Price Prediction: 2025 To Be Bullish With 450% Rise, ETFSwap (ETFS) To Rally 14,000% To New ATHs
As cryptocurrency trends point to a bullish year in 2025, investors are paying close attention to the XRP price and another fast-rising altcoin, ETFSwap (ETFS). Predictions for the XRP price show a projected increase of up to 450%, while ETFSwap (ETFS) could potentially rally 14,000% to reach new all-time highs.
ETFSwap (ETFS): Innovative DeFi Platform With Powerful Features
ETFSwap (ETFS) has emerged as a game-changer in the DeFi space, presenting users with several high-value features. Central to its appeal is its user-friendly interface, making the DeFi experience easy for everyone, from novice traders to seasoned investors. This interface guarantees that users can use the platform with minimal complexity, thereby making ETFSwap (ETFS) accessible and enjoyable.
In addition, ETFSwap (ETFS) is fully DeFi-oriented, enabling users to swap other cryptocurrencies in a decentralized way, enhancing both transparency and user control. With ETFSwap (ETFS), users can swap assets with ease, bypassing traditional financial systems entirely.
ETFSwap (ETFS) will give users access to various ETF staking pools to earn passive income. ETFSwap (ETFS) has also promised a live price tracker in the AI-powered ETF Tracker. This tool will trail the prices of popular ETFs in real-time, assisting users to take every trading opportunity that presents itself. Similarly, the flexibility the ETF tracker affords will help users perform more efficient risk management as they can adjust or close their open positions in response to adverse market dynamics.
ETFSwap (ETFS) will also feature an advanced AI-driven ETF Screener. This AI-driven ETF tool allows investors to analyze ETF performance in real time, and makes recommendations based on market sentiment, trends and pattern recognition so users can make better investment decisions.
Adding to its appeal, ETFSwap (ETFS) plans to launch its own ETF by 2025, allowing users to invest in a crypto ETF tailored to meet the demands of modern investors. The platform’s credibility is further strengthened by a security audit from Cyberscope, which has verified ETFSwap (ETFS)’s commitment to maintaining a secure and transparent environment. This audit reflects the platform’s focus on safeguarding assets and upholding trust within the community.
XRP Price Prediction: Bullish Prospects For 2025 With 450% Growth
The XRP price forecast for 2025 remains highly optimistic, with industry experts projecting a remarkable 450% increase from the current XRP price of $0.5243. Experts believe that Ripple (XRP) could trade between $3 and $5, making it one of the top-performing cryptocurrencies in this cycle. As a token with established utility in cross-border payments, the XRP price is well-positioned to benefit from growing interest in digital currencies. Ripple’s (XRP) strategic focus on partnerships has further boosted the XRP price level in global finance, with leading institutions increasingly adopting Ripple’s (XRP) blockchain technology.
The anticipated improved adoption facilitates efficient, cross-border transactions positions Ripple (XRP) as a reliable choice for those looking to benefit from both stability and strong growth potential in the crypto market. As investor confidence builds around Ripple (XRP), it is projected that the XRP price will move toward new highs, making it an attractive asset for long-term investment.
ETFSwap (ETFS) To Set New ATHs With 14,000% Rally
While Ripple (XRP) continues to grow as a leader in the payments industry, and the XRP price targets a 450% rise, ETFSwap (ETFS) is paving the way for new possibilities in DeFi and ETF investing. Top analysts predict that the surging interest in the ERC-20 token will trigger its surge by 14,000%. They especially expect the demand that its upcoming beta platform launch will create to explode the token’s value tremendously, frequently setting new ATHs next year.
Don’t miss your chance to join the presale of ETFSwap (ETFS) for $0.05769 and access a groundbreaking platform that combines advanced ETF tools with the freedom of a fully DeFi ecosystem. Take action now and be part of the next big movement in crypto!
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Crypto exchange behemoth Binance on Tuesday revealed a vital announcement on meme coins POPCAT & MEW (Cat in a Dogs World). The exchange primarily revealed that it is adding the perpetual contracts for the mentioned meme tokens to its futures copy trading platform. In light of this new enhanced offering revealed by one of the leading exchanges, market watchers speculate whether the Solana meme coins could rally ahead.
Binance Enhances Offerings For POPCAT & MEW Sparking Optimism
In an official Binance announcement dated November 5, the crypto exchange revealed that it is adding POPCAT and MEW USD-Margined perpetual contracts to the futures copy trading division today at 09:00 UTC. Per the announcement, users can now trade POPCATUSDT and MEWUSDT on the copy trading platform.
For context, the copy trading division of the digital asset trading platform allows users to “copy experienced traders’ portfolios in real time.” This enhanced investment offering for market watchers, providing opportunities to maximize gains on an asset, could bring a pivotal shift in market sentiments surrounding the Solana meme coins.
Primarily, as more buyers gush in to capitalize on gains mirroring experienced traders’ profiles, a substantial increase in buying pressure could propel bullish momentum in the meme coins. Overall, as the crypto exchange giant expands its offerings for the abovementioned crypto, market watchers remain optimistic about future price movements.
Solana Meme Coins’ Prices To Rally?
At press time, POPCAT price soared nearly 4% in tandem with Binance’s announcement, reaching $1.30. The coin’s intraday low and high were $1.19 and $1.31, respectively. Simultaneously, MEW price gained nearly 2% today and is trading at $0.008332. The coin’s 24-hour low and high were $0.00765 and $0.008528, respectively. Notably, the cryptos’ rising price movement aligns with the enhanced trade offerings by one of the leading crypto exchanges.
Simultaneously, it’s also worth mentioning that the same exchange listed Solana-based PONKE recently, causing a similar upswing effect on the coin’s price. However, PONKE traded down nearly 4% today, reaching $0.4352, sparking contrasting sentiments on the Solana meme coins prices.
On the other hand, CoinGape Media reported that GOAT price extended weekly gains to nearly 200% with the exchange’s launch of futures listing recently. Overall, market watchers remain uncertain over POPCAT and Cat in Dogs World’s prices ahead in light of recent listings.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Shiba Inu coin’s team sparked a tidal wave of frenzy across the crypto landscape on Tuesday, revealing a proposal to introduce Strategic Hub for Innovation in Blockchain (S.H.I.B.) in the U.S. Notably, the meme coin’s lead developer, Shytoshi Kusama, unveiled this proposal recently while also inviting “presidential candidates or interested parties” nationwide to jack up the endeavor. Meanwhile, another prominent community member, Kaaldhairya, called out on the U.S. presidential candidate Donald Trump and American billionaire Elon Musk, drawing their attention to the matter.
Shiba Inu Team Unveils S.H.I.B. Proposal
In an official X post dated November 5, Shytoshi Kusama proposed for S.H.I.B. (Strategic Hub for Innovation in Blockchain) in the U.S. Notably, this mover aims to transform the United States into an epicenter for blockchain technology and sustainable development. As the global race for blockchain and digital asset-based investments grows, this mover could be pivotal, the proposal spotlighted.
Further, the details in the proposal also rolled out a potential budget plan for the development of the strategic hub in the U.S. Encompassing key aspects such as infrastructure development, economic incentives, talent development, regulatory framework, building and overseeing sustainable practices, marketing and global outreach, the projected cost for the hub development is $1.3 billion – $2.35 billion over a 5- to 10-year period, per the plan revealed by Kusama.
In addition, this project also eyes outcomes such as job creation, startup attraction, employment growth, and technological growth, among other optimistic advancements. Overall, the proposal sparked a frenzy among market participants, also bringing attention to the meme coin Shiba Inu’s crypto venture.
Meanwhile, meme coins appear to have stolen the spotlight amid the ongoing U.S. presidential elections. Notably, Elon Musk’s Department of Government Efficiency (D.O.G.E.) saga has already injected significant optimism into Dogecoin, another leading dog-themed meme crypto. Recently, CoinGape media reported that the American billionaire tapped into U.S. Fed critic Ron Paul for D.O.G.E expertise, aiming to minimize government spending.
Exec Hollers At Trump & Musk Sparking Optimism Over SHIB Price
On the other hand, Kaaldhairya, another prominent member of the meme coin’s team, took to X, tagging Elon Musk and Donald Trump while reiterating Kusama’s statements. According to Kaal, this endeavor could bring “America’s very own ‘Crypto Valley’- Call it S.H.I.B., D.O.G.E.’s hyper-smart cousin that brings jobs, tech and a futuristic world!” Altogether, this statement has garnered significant attention across the broader market, echoing optimism for Shiba Inu’s future prospects.
Given the proposal garners support, the meme coin’s price action could also see a paradigm shift. Notably, SHIB price traded at $0.00001745, up 4% intraday in tandem with the announcement. The coin’s 24-hour low and high were $0.00001642 and $0.00001743, respectively. Crypto market enthusiasts continue to monitor the coin amid recent developments, expecting further shifts in the trajectory ahead.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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