Daily Digest – May 2nd

• Solana Suffers 7th Outage in 2022 After a Surge of Transactions

• Yuga Labs Raises $320 Million in Virtual Land Sale, Ethereum Gas Fees Go Through the Roof

• ApeCoin (APE) Drops 40% Despite Otherside Metaverse Land Sale

• Rari Capital and Fei Protocol Suffer a Combined $80 Million Hack, Saddle Finance Loses $13.8 Million in Hack

• Ripple Labs Unlocks 700M XRP, While Locking 800M XRP in Different Transactions

Crypto.com Reduces CRO Card Rewards

Crypto.com announced updates to its CRO Card rewards programe on Sunday. The changes come as part of the company’s long-term sustainability strategy, and will come into effect on the first day of June 2022...

Solana (SOL) Price Drops as the Network Experiences 7-Hour Outage

Solana’s NFT minting tool, the ‘Candy Machine’, experienced a number of DDoS attacks on Saturday, April 30th. NFT minting bots sent requests for more than 4 million transactions per second, causing the network to crash. The resulting outage on Solana started on Saturday at 4:30 PM, and lasted until 11:00 PM EST...

Europe Prefers SHIB Over DOGE

Meme coins Dogecoin (DOGE) and Shiba Inu (SHIB) seem to reign on different continents. While DOGE is the most googled coin in the United States, European users tend to search for Shiba Inu more often.

As the recent study by the AskGamblers website revealed, the so-called Dogecoin killer, SHIB, became the second most searched cryptocurrency across the old continent...

US Department of Labor at Odds with Fidelity’s Bitcoin Pension Plan

The Department of Labor takes issue with Fidelity Investments’ pension plan, which allows investors to hold Bitcoin in their 401(k) accounts. Officials consider these kinds of offers to pose a huge security risk to American retirees...

That's you all up to date. But if you're hungry for more crypto news and insights, there's always more on our website.And feel free to reach out to us at [email protected] with any questions or comments.Until next time,DailyCoin Team