Weekly - Solana Crypto Attack Halts Growth,Price down 20% (Get Smarter in 5 Min)
The market moves sideways $2.2Tn, Solana has a hiccup, experiences denial of service attack, network goes down & token falls 20%. All in a regular Crypto week!
💡What’s in it for Me: Get Smarter in 5 Minutes
Hi everyone 👋. Welcome back to ‘The Weekly Recap’, where I curate a reading list of insightful articles, market updates & bite-sized learnings nuggets to get you caught up for the week. If you're reading this and haven't signed up, join the 260+ others by clicking below, and to the regular readers, thank you. 🙏
🧠Quote of the week
While it is important to plan… Sometimes you just need to ACT!
Contribution from Vishnu Thilak
📚Here is what I liked reading
10 Powerful Habits to Master for Ultimate Success - MUST READ - Stop watching everyone else be successful and awaken the beast inside you!
It’s Never Too Late to Start a Billion Dollar Business - Yes, Mark Zuckerberg started Facebook at 19. But IBM was started by Charles Flint at the age of 61.
Crypto’s latest trend is “To play games before they’re even built” - Takes test & learn approach to a whole new level
6 Things Socially Intelligent People Don’t Do - Act like a know it all!
14 lessons from entrepreneurs on starting your own business - Entrepreneurs in the Technology Pioneers community share lessons including testing assumptions, being open to new opportunities, and focusing on purpose.
📺 Connected Brains PodCast
🔥Crypto Market Update
Crypto markets move sideways, holding around $2.2T market cap
Solana down 20% WoW - Suffers Sharp Volatility After Network Becomes Flooded With Transactions Much of the action took place after the Solana network went down.“1/ Solana Mainnet Beta encountered a large increase in transaction load which peaked at 400,000 TPS. These transactions flooded the transaction processing queue, and lack of prioritization of network-critical messaging caused the network to start forking.”
Insider trading on NFT platform OpenSea, the $1.5 billion start-up admits - OpenSea’s head of product, Nate Chastain, was accused by Twitter user @ZuwuTV of using secret crypto wallets to front-run sales on the platform.
🙋♂️Term of the Week - “DeFi”
DeFi is short for Decentralized Finance. DeFi is the movement within crypto to not just trade decentralized currencies but do so in a way that is itself decentralized. The most popular DeFi projects are decentralized exchange protocols, which automate the exchange of cryptocurrencies among buyers and sellers, eliminating the need for a middleman (like Banks)
🤣Just for Laughs
It’s all about positioning.
That's all, folks. 👋
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🚨Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.