Plus, an extremely rare CryptoPunk is being sold at a Christie's auction.
Today’s Top Crypto News Stories
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Solana Back Online After Outage ❌
The Solana mainnet is back online — almost 20 hours after suffering a high-profile outage. "Resource exhaustion" in the network was blamed for the disruption. Solana bills itself as the world's fastest blockchain, but it struggled to cope with a surge in demand that peaked at 400,000 transactions per second. SOL's price is now suffering. Here's the latest.
Bitcoin 'Breaking Out' Above $47,000 🔥
Bitcoin has managed to break through $47,000 — a level regarded as a crucial level of resistance that stood in the way of further price gains. There's optimism that bullish momentum may be returning after last week's crash. On Monday, ARK Invest's Cathie Wood predicted BTC will race to $500,000 within five years. What she said.
Coinbase Ups Debt Offering to $2 Billion 💰
Coinbase has announced that it now intends to raise $2 billion through a debt offering — up from an initial sum of $1.5 billion. The exchange said the increase was linked to substantial market interest. It plans to use the cash for "general corporate purposes" that could include continued investment in product development or the acquisition of other companies. Read more.
Big NFT Auction Coming Up 🚨
A rare zombie CryptoPunk is going under the hammer. The lot being auctioned off by Christie's includes CryptoPunk #9997 — a red-eyed, bearded zombie sporting a black cap. It was last sold in February for just shy of 100 ETH, worth $169,770 at the time. The seller is marking his 40th birthday and plans to donate part of the proceeds to charity. What's on sale.