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Solana: Suffered DDoS Attacks Throughout the Past Week, But Did Not Impact Network Performance

7 hours ago

On December 16, Solana issued an official statement noting that over the past week, the network has been targeted by continuous DDoS attacks—the fourth largest such incident in the history of any distributed system to date. So far, these attacks have had no impact on Solana’s network performance. Solana’s design goal is to be resilient enough to withstand even such extreme scenarios. BlockBeats Note: A DDoS (Distributed Denial of Service) attack occurs when an attacker controls a large number of devices to simultaneously send massive volumes of requests to a target system, aiming to exhaust its network bandwidth or computing resources—resulting in system congestion, service disruptions, or performance degradation.
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Strata Protocol Developer Frontera Labs Completes $3 Million Seed Round Financing

**Dec. 16 (CoinDesk) —** Strata protocol developer Frontera Labs has closed a $3 million seed funding round, led by Maven 11 Capital, with participation from Lightspeed Faction, Halo Capital, Heartcore Capital, Anchorage Digital Ventures, Nayt Technologies, Split Capital and others. Frontera Labs launched the decentralized risk-layering protocol Strata, which packages on-chain and off-chain revenue strategies into tokenized risk-layering products—each layer featuring distinct risk-return profiles.

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An early Ethereum whale has deposited 3000 ETH into Kraken, worth $8.79 million

On December 16th, Onchain Lens monitoring data shows an early Ethereum whale has deposited 3,000 ETH (valued at $8.79 million) into Kraken.

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RedotPay Completes $107 Million Series B Funding Round, Led by Goodwater Capital

On December 16, Hong Kong, China-based stablecoin payment fintech RedotPay closed a $107 million Series B funding round. The round was led by Goodwater Capital, with participation from Pantera Capital, Blockchain Capital, Circle Ventures, and existing backers including HSG (formerly Sequoia Capital China).

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KindlyMD Faces Nasdaq Delisting Risk as Stock Price Remains Below $1 for 30 Consecutive Trading Days

As of December 16, U.S.-listed Bitcoin treasury firm KindlyMD (ticker: NAKA) is at risk of delisting from Nasdaq, with its share price trading below $1 for 30 straight trading days. To avoid delisting, KindlyMD must push its stock above $1 and maintain that level for 10 consecutive trading days by June 8, 2026. The stock first dipped below $1 in late October this year, closing at $0.38 on Monday. KindlyMD holds 5,398 bitcoins—valued at roughly $466 million—and ranks as the 19th largest corporate Bitcoin holder globally. The firm was acquired by Nakomoto via a reverse merger in August. Since hitting its all-time high in May, NAKA shares have plummeted 99%.

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Binance Alpha has adopted a "Deduction Decrement" model, with a first-minute claim threshold of 220 points for Theoriq (THQ).

Binance Alpha will launch Theoriq (THQ) on December 16 at 22:00 UTC+8. Users holding at least 220 Alpha Points are eligible to claim a 400 THQ airdrop. This event uses a "decreasing points" rule: - Claiming the airdrop costs 30 Alpha Points in the first minute. - For each subsequent minute the event stays active, the required points drop by 1 (minimum 10 points).

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The Federal Reserve's probability of a rate cut in January next year has slightly increased to 31%.

On December 16th, CME’s FedWatch data showed that following the release of U.S. employment figures, the probability of the Federal Reserve cutting interest rates by 25 basis points at its January 2026 meeting has edged up from 24.4% to 31%, while the likelihood of holding rates steady stands at 69%. The Fed’s next two FOMC meetings are scheduled for January 28, 2026, and March 18, 2026.

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