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Solana Devs Call 'All Hands on Deck' as Unknown Bug Stops Block Production

Solana, a proof-of-stake (PoS) blockchain championed by FTX CEO Sam Bankman-Fried, is "stuck" due to an unknown issue.

Updated Sep 14, 2021, 10:38 a.m. Published Dec 4, 2020, 6:42 p.m.
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Update (Dec. 4, 19:45 UTC): Network validators have successfully restarted the Solana blockchain, according to the team.

STORY CONTINUES BELOW
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Solana, a proof-of-stake (PoS) blockchain championed by FTX CEO Sam Bankman-Fried, is "stuck" due to an unknown issue, according to the project's GitHub.

  • "At approximately 1:46pm UTC on December 5th, 2020, the Solana Mainnet Beta cluster stopped producing blocks at slot 53,180,900, which prevented any new transactions from being confirmed," a Solana Medium post reads. "The Solana team is actively working with the validator community to restart the network."
  • Anatoly Yakovenko, co-founder of Solana, has called for "all hands on deck," referring to the network validators who process transactions.
  • The Solana blockchain explorer confirms no blocks are currently being produced.
  • Yakovenko did not return questions for comment by press time.

This is a developing story.

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KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market

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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.

What to know:

  • KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
  • This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
  • Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
  • Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
  • Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.

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Deus X CEO Tim Grant: We aren't replacing finance; we're integrating it

Deus X CEO Tim Grant (Deus X)

The Deus X CEO discussed his journey into digital assets, the company's infrastructure-led growth strategy, and why his Consensus Hong Kong panel promises "real talk only."

What to know:

  • Tim Grant entered crypto in 2015 after early exposure to Ripple and Coinbase, drawn by blockchain’s ability to improve traditional finance rather than replace it.
  • Deus X combines investing and operating to build regulated digital finance infrastructure across payments, prime services, and institutional DeFi.
  • Grant will be speaking at Consensus Hong Kong in February.