What Happened to Solana Yesterday??

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Solana's price plunged in response as social media erupted with speculation about the latest technical failure on the ambitious blockchain. But the news cycle waits for no blockchain, so let's catch you up on today's top crypto stories! TLDR: • Solana faces a major network outage 🆘 • Bitcoin mining company expands despite upcoming challenge 📈 • MicroStrategy continues buying Bitcoin while the price is stuck 💰 • New token airdrops $400 million after mainnet launch 🎉 • Execs allegedly pull $800M+ crypto exit scam 😡 • Yellen urges crypto regulations again, cites risks 🚨 Now let's dig deeper into each of those stories...   Solana Faces Outage Solana went dark yesterday, with the blockchain abruptly stopping block production during peak hours. Crypto Twitter quickly flooded with reports of a major network outage. This marks Solana's first significant outage this year but far from its first overall. The ambitious blockchain has faced criticism for persistent technical instability since its launch. But why did it experience this major outage? And how long did the network take to patch the issue up? [Read the full story](~/AAQRxQA~/RgRnpez9P0SAaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvc29sYW5hLXZhbGlkYXRvcnMtcHJlcGFyZS1mb3ItcmVzdGFydC1hcy1uZXR3b3JrLXN1ZmZlcnMtbWFqb3Itb3V0YWdlP2xpZD1nZmd1ajYydzE5OGRXA3NwY0IKZbr9Z8NlnKPVDlIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)!   [CMC Live: ZetaChain Mainnet Launch](~/AAQRxQA~/RgRnpez9P0REaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jb21tdW5pdHkvcG9zdC8zMzMyNjQxNTEvP2xpZD1nend4NGNqa3BlcjFXA3NwY0IKZbr9Z8NlnKPVDlIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) Wednesday, 7 Feb on 3PM UTC CMC-Community Live: ZetaChain Mainnet Launch In today's CMC Live, delve into ZetaChain's mainnet launch, unique position, major developments, and the potential for groundbreaking dApps. [JOIN US SOON](~/AAQRxQA~/RgRnpez9P0REaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jb21tdW5pdHkvcG9zdC8zMzMyNjQxNTEvP2xpZD11Nnc5c3pyOHlya3ZXA3NwY0IKZbr9Z8NlnKPVDlIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)   Bitcoin Miner Expands One publicly traded crypto mining company is hustling to grow its operations before Bitcoin's next "halving" event. Though positive long-term, “halvings” challenge miners with smaller profits in the near future. CleanSpark announced deals this week to snap up additional Bitcoin mining facilities set to double its computing power in the coming months. But why is it investing money in expansion if the business will soon generate less profits than usual? What’s their strategy? [Read the full story](~/AAQRxQA~/RgRnpez9P0SFaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvYnRjLW1pbmVyLWNsZWFuc3BhcmstZXhwZWN0cy10by1kb3VibGUtb3BlcmF0aW5nLWhhc2hyYXRlLWFoZWFkLW9mLWhhbHZpbmc_bGlkPXhjbTNscG5iM3Y5Z1cDc3BjQgpluv1nw2Wco9UOUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)!   MicroStrategy Buys $37M More in Bitcoin Top institutional crypto holder MicroStrategy continues walking the walk in its Bitcoin embrace, revealing another hefty BTC purchase this week as prices linger under $45k. The software firm bought $37 million worth of Bitcoin, pushing its holdings to 190,000 BTC now worth over $8 billion total. But why does it keep accumulating even when Bitcoin’s price is range-bound? [Read the full story](~/AAQRxQA~/RgRnpez9P0SJaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvbWljcm9zdHJhdGVneS1idXlzLWFub3RoZXItZG9sbGFyMzdtLW1vcmUtb2YtYml0Y29pbi1idGMtaG9sZGluZy1ub3ctZG9sbGFyODFiP2xpZD10MTJibTBsbnk0bHJXA3NwY0IKZbr9Z8NlnKPVDlIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)!   Week in DeFi: From JUP to FUD, Airdrop Sparks Criticism [Week in DeFi: From JUP to FUD, Airdrop Sparks Criticism](~/AAQRxQA~/RgRnpez9P0RwaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvd2Vlay1pbi1kZWZpLWZyb20tanVwLXRvLWZ1ZC1haXJkcm9wLXNwYXJrcy1jcml0aWNpc20_bGlkPXFxdGRucDVzemU5b1cDc3BjQgpluv1nw2Wco9UOUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) Leading interoperability protocol LayerZero V2 goes live, while new layer-2 Mode Network launches — check out the latest DeFi news and alpha now! [READ MORE](~/AAQRxQA~/RgRnpez9P0RwaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvd2Vlay1pbi1kZWZpLWZyb20tanVwLXRvLWZ1ZC1haXJkcm9wLXNwYXJrcy1jcml0aWNpc20_bGlkPWE3MzdtYmp3NWNjaVcDc3BjQgpluv1nw2Wco9UOUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)   New Crypto Airdrop Alert! You must have noticed a new coin making huge gains while other coins are moving in ranges. Turns out, the project behind that coin, aiming to revolutionize dapps, celebrated a milestone product launch with nearly $400 million in free token disbursements. The sizable "airdrop" reached over one million wallets as the ambitious project launched its mainnet. What’s the name of this token and will its community enjoy an airdrop again? [Read the full story](~/AAQRxQA~/RgRnpez9P0R7aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvZHltZW5zaW9uLWxhdW5jaGVzLW1haW5uZXQtYWlyZHJvcHMtZG9sbGFyMzkwbS10by1lbGlnaWJsZS11c2Vycz9saWQ9OTlyZmNuaGxwZ2liVwNzcGNCCmW6_WfDZZyj1Q5SG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~)!   The $800M+ Crypto Swindlers This week, South Korean law enforcement arrested three execs accused of orchestrating an $828 million digital asset heist. The detained men include the CEO of a troubled yield platform that froze services last summer, trapping invested funds. Initially suspending activities due to vague partner issues, the company soon faced accusations of running away with user deposits through an apparent exit scam. How many fell victim to this scam? [Read the full story](~/AAQRxQA~/RgRnpez9P0SWaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvc291dGgta29yZWFuLWNyeXB0by1leGVjdXRpdmVzLWFwcHJlaGVuZGVkLWZvci1hbGxlZ2VkbHktbG9vdGluZy1kb2xsYXI4MjhtLXdvcnRoLW9mLWNyeXB0bz9saWQ9ZnN5bWQ2cTVtd2trVwNzcGNCCmW6_WfDZZyj1Q5SG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~)!   And here comes the Word of the Day… It’s ‘[Exit Scam](~/AAQRxQA~/RgRnpez9P0RFaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2dsb3NzYXJ5L2V4aXQtc2NhbT9saWQ9M25kNHhmaTZmdTlzVwNzcGNCCmW6_WfDZZyj1Q5SG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~)’! An exit scam is a fraudulent practice in which the operators of a business suddenly disappear or shut down their operation, taking investors' or customers' money with them. The operators of the business build confidence and earn money from investors and customers over a period of time. Then at some point, they suddenly close up shop, often under the guise of hacking, technical issues, or other excuses. What are the popular examples of exit scams in crypto? [Read more](~/AAQRxQA~/RgRnpez9P0RFaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2dsb3NzYXJ5L2V4aXQtc2NhbT9saWQ9dHh1cXQzNmM0NjY4VwNzcGNCCmW6_WfDZZyj1Q5SG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~)! Now back to our daily stories!   Yellen Calls for Stablecoin Regulations US Treasury Secretary Janet Yellen urged lawmakers this week to urgently address "dangerous gaps" in digital asset oversight during a Congressional grilling over the glacial pace of crypto regulation. While acknowledging existing supervision, Yellen stressed the need for comprehensive legislation in other ‘high-risk areas’. Her latest calls echo past appeals for a nationwide crypto regulatory framework from the Biden administration. Do you know which other crypto asset class she highlighted as ‘high risk’ other than stablecoins? [Read the full story](~/AAQRxQA~/RgRnpez9P0SLaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvdXMtdHJlYXN1cnktc2VjcmV0YXJ5LWphbmV0LXllbGxlbi1jYWxscy1mb3ItcmVndWxhdG9yeS1vdmVyc2lnaHQtb24tc3RhYmxlY29pbnM_bGlkPWEzcGhqYnN2MGVudlcDc3BjQgpluv1nw2Wco9UOUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)!   Thanks for reading - more blockchain updates coming your way soon!   [Apple Store](~/AAQRxQA~/RgRnpez9P0RLaHR0cHM6Ly9hcHBzLmFwcGxlLmNvbS9hcHAvY29pbm1hcmtldGNhcC9pZDEyODIxMDcwOTg_bHM9MSZsaWQ9NWUwbnloamN1NDc5VwNzcGNCCmW6_WfDZZyj1Q5SG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) [Google Play](~/AAQRxQA~/RgRnpez9P0RhaHR0cHM6Ly9wbGF5Lmdvb2dsZS5jb20vc3RvcmUvYXBwcy9kZXRhaWxzP2lkPWNvbS5jb2lubWFya2V0Y2FwLmFuZHJvaWQmaGw9ZW5fVVMmbGlkPW5qb2V3ZW96d3cwM1cDc3BjQgpluv1nw2Wco9UOUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [Twitter](~/AAQRxQA~/RgRnpez9P0QyaHR0cHM6Ly90d2l0dGVyLmNvbS9Db2luTWFya2V0Q2FwP2xpZD1qcGowbWdkNGxyYThXA3NwY0IKZbr9Z8NlnKPVDlIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) [Telegram](~/AAQRxQA~/RgRnpez9P0QraHR0cHM6Ly90Lm1lL0NvaW5NYXJrZXRDYXA_bGlkPThwZ285enE3ZTg5b1cDc3BjQgpluv1nw2Wco9UOUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [Facebook](~/AAQRxQA~/RgRnpez9P0Q3aHR0cHM6Ly93d3cuZmFjZWJvb2suY29tL0NvaW5NYXJrZXRDYXA_bGlkPTE3Mzd6Z2k5a2FzN1cDc3BjQgpluv1nw2Wco9UOUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [Instagram](~/AAQRxQA~/RgRnpez9P0Q5aHR0cHM6Ly93d3cuaW5zdGFncmFtLmNvbS9jb2lubWFya2V0Y2FwLz9saWQ9MXl0eWdjYmJ1dmlxVwNzcGNCCmW6_WfDZZyj1Q5SG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) [LinkedIn](~/AAQRxQA~/RgRnpez9P0RAaHR0cHM6Ly93d3cubGlua2VkaW4uY29tL2NvbXBhbnkvY29pbm1hcmtldGNhcC8_bGlkPWJkaDB2bnlxZDlqMlcDc3BjQgpluv1nw2Wco9UOUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) You were sent this message because you subscribed to CoinMarketCap. 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