Bitcoin slips under $17K, crypto stocks tumble in reaction to FTX bankruptcy

Finland to "cut" cables: Russian operators will have to look for new internet routes

Finland will cut the optical fiber communication cables attached to its power transmission line pylons along the border with Russia by 2027, according to its energy company Fingrid. This follows the 2022 halt of electricity imports from Russia, making the infrastructure economically unviable to maintain solely for telecom needs. Currently, about 60-70% of Russia's international internet traffic transits through Finland, with up to 30% of these lines running along the power lines in question. Russian telecom operators are negotiating with Finnish counterparts for alternative routes. Potential backups include lines through Belarus, Baltic states, and submarine cables in the Baltic Sea. While no major impact on user traffic is expected, potential effects include rerouting, reduced network redundancy, and increased latency, especially for users in northwestern and European Russia. An AI analysis notes that shifting to submarine cables introduces new risks, as they are vulnerable to anchor damage and lengthy repairs. This technical move occurs alongside broader trends toward digital autonomy in Russia, raising questions about the future reliability of external internet channels.

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After the Fed's Interest Rate Decision and Comments from Kevin Walsh, Experts Gathered and Shared Their Latest Insights!

Following the Fed's decision to hold interest rates steady, experts highlight a potential shift towards more independent policymaking within the FOMC, as three members dissented. Market strategists note the slight decline in bond yields and a weaker dollar post-announcement, but caution that a rate hike in September remains possible. Experts like Mark Hackett point to the three dissenting votes as a sign of growing committee independence. While markets initially rallied in relief, the final direction hinges on Fed Chair Kevin Warsh's upcoming press conference. Analysts, including Audrey Childs-Freeman, interpret the dissent as the Fed maintaining a hawkish stance. They suggest the Fed will continue monitoring data, with a summer scenario of high bond yields supporting the dollar still in play. Chris Anstey emphasizes that markets will closely watch the 10-year Treasury yield during Warsh's conference. A continued rise could signal investor fears that the Fed is not acting aggressively enough on inflation, posing a challenge for the Chair. The long-term yield is also viewed as critical for mortgages and economic management. Diane Swonk of KPMG argues a September rate hike is likely, stating that an increase now would have been more appropriate given nearly five years of high inflation. She warns that prolonged high prices risk becoming embedded in the economic system. *This is not investment advice.

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Altcoins with the Highest Number of Active Users in the Past Week Published!

Cryptocurrency projects with the highest number of weekly active users have been announced. $BNB Chain leads the list with 13.8 million weekly active users, showing a 2.6% increase over the past 30 days. Solana (SOL) ranks second with 9.9 million users (up 0.6%), followed by Tron (TRX) with 8.7 million (up 3.3%). Weekly active users typically measures the number of unique wallet addresses that have conducted at least one transaction on the network or protocol within the past seven days. Excluding Bitcoin, the ranking of top projects by weekly active users is as follows: 1. $BNB Chain ($BNB) – 13.8M (up 2.6%) 2. Solana (SOL) – 9.9M (up 0.6%) 3. Tron (TRX) – 8.7M (up 3.3%) 4. opBNB – 5M (down 3.1%) 5. World Mobile Chain (WMTX) – 3.2M (no change) 6. Ethereum (ETH) – 2.6M (up 3%) 7. Polygon (POL) – 1.6M (down 14%) 8. Uniswap (UNI) – 1.4M (up 62.8%) 9. Avalanche (AVAX) – 1.3M (down 0.3%) 10. PancakeSwap (CAKE) – 1.2M (down 3.8%) 11. Litecoin (LTC) – 1.1M (down 2.7%) 12. Base – 952.4K (down 36.8%) 13. Robinhood Chain – 948.8K (up 37,625%) 14. Celo (CELO) – 810.9K (up 8.5%) *This is not investment advice.

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'I Don't Have Time to Try to Convince You' — Satoshi's Famous Phrase Turns 16

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DOGE Creator Shares Most Memorable Use Case of His Memecoin

The creator of Dogecoin, Billy Markus (also known as Shibetoshi Nakamoto), recently shared his most memorable use case for the meme cryptocurrency. He recalled that in July 2022, he paid for a ride in the Las Vegas Loop, a tunnel transportation system operated by Elon Musk's The Boring Company, using Dogecoin ($DOGE). Markus emphasized that this practical transaction, moving beyond mere trading, proved the coin's real-world utility and outweighed any other crypto-related activity he had ever done. He shared this story in response to a social media prompt asking about unusual crypto uses over the weekend, noting the purchase wasn't recent but remained his best blockchain memory. In other recent comments, Markus criticized the prolonged crypto bear market as "boring." Currently, DOGE is trading around $0.07066 with a market cap of $12.07 billion. The co-founder is known for his blunt critiques, having previously called most cryptocurrencies "garbage" and mocked industry figures for excessive Bitcoin enthusiasm.

cryptonews.ruHá 4h