[14,400 SOL Transferred from Kraken to Wintermute]
According to Arkham data, at 01:48, 14,400 SOL (approximately $2.06 million) was transferred out of Kraken and, after intermediary processing, flowed into Wintermute.
[MegaETH CSO: Ethereum Should Maintain Decentralization and Not Sacrifice Its Characteristics for Competition]
MegaETH Chief Strategy Officer Namik stated that MegaETH's value depends on Ethereum's success. Ethereum needs to serve as a highly decentralized settlement layer to provide legitimacy for MegaETH's more centralized block production model. He expressed concern that if policies shift to support centralized Layer 1 (L1), it would render MegaETH's construction logic meaningless. He believes Ethereum should focus on maintaining its decentralized attributes rather than sacrificing its characteristics to compete with centralized L1s. Meanwhile, for MegaETH to succeed, it needs to explore new design spaces in scenarios not covered by Ethereum L1, which would benefit both parties and demonstrate the rationale behind architectural trade-offs.
Leading Solana MEV infrastructure protocol Jito experienced downtime early on Wednesday morning, causing base fees on the Layer 1 blockchain to jump.The protocol was quickly brought back to full functionality, the team said on X.