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Solana developers are considering increasing the network's block capacity by 66%.

2025.07.24 19:56:21

On July 24th, as per Coindesk, with the growth in the demand for block space, Solana developers are contemplating a 66% augmentation in the network block capacity. According to a document disseminated by core contributors this week, the novel proposal, SIMD-0286, proposes elevating Solana's computational unit (CU) limit per block from 60 million to 100 million. The proposal is intended to enable Solana to handle a greater number of transactions and support more intricate applications like decentralized exchanges (DEX), MEV systems, and re-staking protocols without encountering the computational limit.
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Two highly leveraged BTC short sellers are being squeezed by the price rebound, with $21.6 million in positions entering the liquidation queue.

According to TradingBeats monitoring, two whale traders using 40x full leverage opened short positions around $81,700 today and are now facing liquidation pressure as prices rebound. Their combined Bitcoin (BTC) short positions amount to roughly $21.62 million, with details as follows: The whale wallet starting with 0x4b62 opened a short position of 101.82 BTC at an average price of $81,771, with a position value of approximately $8.4086 million and an unrealized loss of around $82,200. Its liquidation price is $82,731.81, only $153 (0.19%) higher than the current market price. The other whale wallet starting with 0x1f25 opened a short position of 200 BTC at an average price of $81,743, before 40 of its positions were partially liquidated, incurring a loss of roughly $38,500. It currently holds 160 BTC in short positions, valued at about $13.2126 million, with an unrealized loss of approximately $133,700; its liquidation price is $82,959.25, around $380 (0.46%) higher than the current price.

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The co-founder of darknet market Empire Market has been sentenced to 40 years in prison and ordered to forfeit $101 million in Bitcoin.

Co-founder of darknet marketplace Empire Market, Raheim Hamilton, has been sentenced to 40 years in federal prison and agreed to forfeit 1,230 bitcoin (BTC) worth approximately $101 million. According to the U.S. Attorney’s Office for the Northern District of Illinois, the 30-year-old Virginia man also agreed to forfeit 24.4 ether (ETH) valued at around $60,000, plus three real estate properties. A federal judge in Chicago simultaneously imposed a $5 million fine on him. Prosecutors stated that Hamilton and his accomplice Thomas Pavey operated Empire Market from 2018 to 2020, facilitating over 4 million transactions totaling more than $430 million, including nearly $375 million in drug sales. The pair also sold stolen account credentials, personal data, counterfeit currency, and hacking tools, requiring customers to use cryptocurrency and encouraging the use of mixing services to obscure fund flows. Pavey pleaded guilty to federal drug conspiracy charges last year, and has forfeited 1,584 BTC, as well as interests in gold, three vehicles, and two properties; he is scheduled to be sentenced later this month.

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Crypto trader AguilaTrades incurred a $331,000 loss on a long Bitcoin (BTC) position, only to be liquidated again after reversing to a short position.

According to Lookonchain’s monitoring, well-known leveraged trader AguilaTrades was liquidated 10 minutes ago, suffering losses on both long and short positions. He first incurred a $331,000 loss from his long Bitcoin (BTC) position, then reversed to a short position only to be liquidated again.

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AguilaTrades Liquidated $331K on $BTC After Failed Long and Short Trades

AguilaTrades(@AguilaTrades) got liquidated 10 minutes ago! AguilaTrades got wrecked on both sides! He lost $331K going long on $BTC, then flipped to short and got liquidated.

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Trump calls for renaming AI to SI, and Tesla’s AI account has indeed been changed to TeslaSI.

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Coinbase CEO calls for federal governance experiments, proposing to pilot reforms including regulatory relaxation via an innovation sandbox.

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