Binance-Chef Richard Teng behauptet angesichts des jüngsten Crashes von Bitcoin, dass die Kryptowährung lediglich ähnlich volatil wie andere Märkte ist.
Memecoins sinken auf Jahrestiefs – Markt bricht 5 Mrd. US-Dollar ein
Mit Memecoins und NFTs sind die beiden spekulativen Sektoren des Kryptomarktes ebenfalls spürbar vom starken Abschwung der gesamten Branche betroffen.
Cardano mainnet glitch sparks slow block production amid ADA sell-off
- Mainnet glitch slowed Cardano block production but didn’t stop the chain.
- The ADA price has dropped sharply as market pressure and criticism intensified.
- Concerns rise over network readiness ahead of the Midnight launch.
Cardano is facing scrutiny after a mainnet glitch slowed block production, weighing heavily on the already bearish market sentiment.
The disruption arrived during a tense period for the broader crypto market, pushing the ADA price deeper into decline and raising fresh questions about the network’s readiness for upcoming milestones.
Mainnet glitch triggers network jitters
The block production slowdown began after Cardano (ADA) experienced a technical issue on its mainnet, echoing a similar problem that appeared in the Preview environment only a day earlier.
According to Intersect, the member-based organisation helping coordinate development across the ecosystem, the glitch did not halt block production entirely but caused it to slow significantly.
Engineers from Intersect, the Cardano Foundation and Input Output Global moved quickly to diagnose the issue and coordinate a fix.
Node operators running version 10.3.1 or higher were advised to upgrade to Cardano Node 10.5.2, a release designed to address hash size inconsistencies and a networking bug linked to peer selection.
Operators on older software versions did not need to take action, and wallet users on Daedalus remained unaffected.
Despite the reassurance, the visible congestion raised concern among community members who were monitoring the chain’s activity closely.
Following an issue identified in the Preview environment yesterday, Cardano is currently experiencing a technical issue now on Mainnet.
Currently block production has slowed, and we’re working closely with @Cardano_CF and @InputOutputHK as we coordinate a technical response.…
— Intersect (@IntersectMBO) November 21, 2025
The timing of the glitch was particularly sensitive because the network is preparing for increased activity tied to the upcoming Midnight sidechain launch on December 8.
While some users have pushed back the concerns after the glitch, noting that only specific node versions experienced interruptions and that the broader network continued functioning, albeit at a reduced pace, other users express concern that the slowdown hints at deeper scalability challenges.
Market reacts as ADA extends losses
The glitch landed during an already fragile moment for crypto markets, and ADA quickly became one of the session’s biggest underperformers.
Cardano (ADA) has fallen 12.86% in 24 hours, sliding from $0.4697 to as low as $0.3911 before staging a mild rebound.
This drop far exceeded the broader market’s decline of 7.76%, intensifying worries about ADA’s short-term resilience.
The negative sentiment was compounded by the return of the long-running “ghost chain” narrative, revived by critics who pointed to Cardano’s relatively small stablecoin footprint and modest decentralised exchange volumes compared with larger networks.
With adoption metrics under renewed scrutiny, the Cardano mainnet glitch added another layer of pressure, creating what analysts described as a “perfect storm” that accelerated the sell-off across trading platforms.
Technically, ADA’s breakdown below the key $0.40 support zone has triggered algorithmic selling and additional liquidations.
Indicators such as the RSI falling to deeply oversold territory and a bearish MACD crossover signal a fading momentum.
The next major support now sits near $0.33 unless ADA can reclaim $0.44, a level that previously served as a short-term pivot.
The post Cardano mainnet glitch sparks slow block production amid ADA sell-off appeared first on CoinJournal.
Solana-ETFs ziehen weiter Kapital an – Gutes Zeichen für SOL?
Die Solana-ETFs bleiben weiterhin im Aufwind, doch der Kurs des Altcoins schwächelt.
OKB price dips 20% as OKB Boost contract glitch drains entire reward pool
- The malfunction allowed 32 wallets to claim 623M PYBOBO within 4 seconds.
- The event emptied nearly all the 625M reward pool almost instantly.
- The glitch coincides with OKB’s price underperformance.
The virtual currency sector recorded another sell-off on Friday as Bitcoin lost 10% in the past 24 hours to press time’s $81,865.
The global crypto market cap stands at $2.81 trillion after a 10% decline over the last day.
Amidst the broader bloodbath, OKX’s native token suffered the most as the downside coincided with OKX facing new scrutiny after an unexpected contract glitch in its recent Boost reward campaign.
A planned distribution of PYBOBO coins ended up with nearly all the pool drained within four minutes, and it wasn’t the massive demand as earlier thought.
🚨UPDATE: OKX’s PYBOBO Reward Pool drained in seconds.
Users report massive claims cleared almost instantly, showing the insane demand and liquidity frenzy. pic.twitter.com/mER1GrLeRJ
— The Crypto Times (@CryptoTimes_io) November 21, 2025
OKX’s token underperformed the overall cryptocurrency market in the past 24 hours.
It dipped from $115 to $94 during this writing, and over 18% dip on its daily price chart.
OKB experienced intensified selling pressure as the news of contract malfunctioning spread.
A 4-second glitch empties 99.68% of incentives
On-chain stats show that 32 addresses claimed 623 million PYBOBO coins, wiping nearly all the 625 million allocated for the distribution event.
The most striking thing is that the entire sweep took only four seconds, catching the team and participants unaware.
Notably, a multifunction within the OKX Boost claim contract seems to have permitted abnormal, rapid claims, allowing a few addresses to receive far more PYBOBO tokens than initially planned.
OKLink identified a particular wallet that claimed 37.847 million tokens, worth roughly $18,600.
Nevertheless, what’s striking is how fast the pool evaporated, with 99.68% of rewards gone by the time the ream noticed the glitch.
The event’s nature indicates an unintended move that propelled distributions well beyond their specified limits.
OKX Wallets halts claiming amid investigations
The team acknowledged the issue immediately after the reports emerged and confirmed delaying PYBOBO claiming until after resolving the contract issuer.
Claiming for PYBOBO rewards will be postponed.
We’ll provide updates here once the issue has been resolved.
— OKX Wallet (@wallet) November 21, 2025
The temporary pause aims to prevent further potential damage as the project conducts a review.
The team has promised to publish more updates as they investigate the matter.
The incident sent ripples across the OKX ecosystem. OKB testified to that with its overwhelming selling pressure.
OKB price outlook
OKX’s token hit a daily low of $94 after losing the $100 psychological mark.
It has dropped from a daily high of $115, losing over 18% of its value in the past 24 hours.
OKB has seen its daily trading volume surge 100%, signaling increased speculative activity.
The digital coin would likely slump further before regaining a dependable footing as sellers thrive in the current financial landscape.
The post OKB price dips 20% as OKB Boost contract glitch drains entire reward pool appeared first on CoinJournal.