DeFi Development Corp, a Solana treasury firm holding over 2.2 million SOL, has launched State of Solana, a free public dashboard that tracks Solana price, staking yields, validator distribution, and live network throughput.
Nearly 29% of staked SOL went offline early Wednesday after a routing fault at hosting provider Teraswitch, bringing Solana within 4 percentage points of the 33% threshold at which the network stops finalizing blocks. The network recovered without a full halt.
South Korean police arrested three individuals behind a fraudulent XRP staking platform that stole 3.4 million XRP (worth $8.5 million) from 71 investors by impersonating Flare Network and promising fixed monthly returns.
A House committee hearing on six to seven GOP-backed cryptocurrency tax bills revealed sharp divisions between Republicans and Democrats over proposals to exempt staking and mining rewards from taxation and other digital asset tax reforms. Democrats questioned whether the legislation would unfairly favor crypto over traditional investments.
House Republicans have released seven discussion drafts proposing sweeping reforms to digital asset taxation in the US, including exemptions for staking rewards and a $10,000 threshold. The bills are set to be discussed at a Tuesday Ways and Means Committee hearing.
