Network activity on the Solana network keeps on growing rapidly over a recent memecoin craze that has pushed transaction fees to new highs of over 20,350 SOL, worth over $4 million in a single day, eclipsing their previous record of $300,000.
Federal prosecutors are seeking a lengthy prison sentence of 40 to 50 years for Sam Bankman-Fried, the founder of the collapsed cryptocurrency exchange FTX who was convicted in November 2023 on seven counts of fraud and conspiracy related to the embezzlement of $8 billion from FTX customers.
Starbucks is shutting down its non-fungible token (NFT) loyalty program that allowed customers to earn digital stamps in the form of NFTs on March 31. The program, which launched in September 2022, allowed customers to earn and trade digital collectible stamps as NFTs.
Top stories in the Crypto Roundup today:
- Solana’s Transaction Fees Hit New High Amid Memecoin Mania
- Federal Prosecutors Seek 40-50 Year Sentence for FTX Founder Sam Bankman-Fried
- Starbucks to End NFT Loyalty Program Odyssey Beta by End of March