🌙 Overnight Recap | $SOL The biggest consensus upgrade in history has gone live, with mixed emotions on-chain
📈 $SOL Alpenglow has officially been activated on mainnet. Block finality has dropped sharply from 12.8 seconds to about 150 milliseconds, nearly 40x faster. Built by the Anza team, it is being hailed as "the most ambitious upgrade since Ethereum’s The Merge."
⚠️ But undercurrents are stirring on-chain:
① In two days, the attacker behind Drift Protocol transferred 44,500 $ETH (about $109 million) into Tornado Cash; the address still holds 56,000 $ETH
② SOL treasury company SkyAI confirmed it has sold off all 2+ million $SOL and now holds only about $220 million in cash. Just days earlier, it had reaffirmed its treasury strategy, and it was publicly held accountable by Bastion, which owns 9.99% of the shares
🥞 DeFi highlight: PancakeSwap's "The Flip" proposal is open for voting. The planned daily emissions of $CAKE are set to be cut by 69% (22,500 → 7,000 tokens), and the v3 LP revenue share will rise to 88%, maximizing deflationary pressure.
One chain is evolving, one illicit stash is being laundered, and one treasury company is selling everything — that’s the magical chaos of crypto overnight.
NFA | DYOR
#Solana #Alpenglow #DeFi #CAKE #Overnight Recap
📈 $SOL Alpenglow has officially been activated on mainnet. Block finality has dropped sharply from 12.8 seconds to about 150 milliseconds, nearly 40x faster. Built by the Anza team, it is being hailed as "the most ambitious upgrade since Ethereum’s The Merge."
⚠️ But undercurrents are stirring on-chain:
① In two days, the attacker behind Drift Protocol transferred 44,500 $ETH (about $109 million) into Tornado Cash; the address still holds 56,000 $ETH
② SOL treasury company SkyAI confirmed it has sold off all 2+ million $SOL and now holds only about $220 million in cash. Just days earlier, it had reaffirmed its treasury strategy, and it was publicly held accountable by Bastion, which owns 9.99% of the shares
🥞 DeFi highlight: PancakeSwap's "The Flip" proposal is open for voting. The planned daily emissions of $CAKE are set to be cut by 69% (22,500 → 7,000 tokens), and the v3 LP revenue share will rise to 88%, maximizing deflationary pressure.
One chain is evolving, one illicit stash is being laundered, and one treasury company is selling everything — that’s the magical chaos of crypto overnight.
NFA | DYOR
#Solana #Alpenglow #DeFi #CAKE #Overnight Recap