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THORChain Resumes Operation After 20-hour Outage

User funds were not impacted after the Cosmos-based blockchain halted due to a software bug.

更新 2022年10月28日 下午5:39已发布 2022年10月27日 下午7:55由 AI 翻译
Thor hammer. (UnSplash)
Thor hammer. (UnSplash)

THORChain – a blockchain in the Cosmos ecosystem focused on providing cross-chain liquidity – resumed operations on Friday after halting as the result of a software bug.

THORChain’s development team initially tweeted that it was aware of an outage on Thursday, noting that developers “identified the likely cause due to a unique transaction type (nothing to do with solvency).”

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In an email to CoinDesk on Friday morning, a representative for THORChain said "[a]s of 10:20 AM (ET) on Friday, the network pause has been lifted and THORChain mainnet is once again producing blocks. Trading will remain paused until the outbound queue has been cleared. Once all pending outbound transactions have been processed, trading will be resumed."

"The issue was found to be caused by a combination of cosmos.Uint string in memo handling and how splitting the swap queue across blocks larger than a certain size occurred," the representative wrote.

Chain halts are atypical for most blockchains; reliability and consistent uptime is generally cited as a key advantage of decentralized networks over centrally controlled alternatives. THORChain's outage lasted for around 20 hours, in total.

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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.

需要了解的:

  • 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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Solana’s new phase is ‘much more about finance,’ says Backpack CEO Armani Ferrante

Backpack CEO Armani Ferrante (CoinDesk)

The Solana ecosystem has spent the past year doubling down on a financial infrastructure, Backpack CEO Armani Ferrante told CoinDesk.

What to know:

  • Solana’s latest phase looks a lot less flashy than its memecoin-fueled highs, and that may be the goal.
  • Armani Ferrante, CEO of crypto exchange Backpack, told CoinDesk in an interview the Solana ecosystem has spent the past year doubling down on a more sober focus: financial infrastructure. A
  • fter years of experimentation as the wider crypto industry focused on NFTs, games and social tokens, attention is now shifting back toward decentralized finance, trading and payments.