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Solana News Today: DoubleZero Launches Edge Beta

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Solana foundation debuts developer platform with Mastercard and Western Union

In Solana news today, DoubleZero Foundation launched Edge, a public beta platform that delivers raw Solana block data through a private global fiber network using multicast, bypassing the public internet to cut average delivery times by 6 milliseconds — the same data distribution standard that traditional exchanges have used for decades.

Summary

  • Edge launched with 379 validators publishing shreds, covering approximately 43% of Solana’s total stake, with Jito, Triton, Staking Facilities, and Harmonic participating as initial launch partners.
  • Traders subscribe in USDC per device per epoch, with prices from $30 to $100 depending on city, while revenue splits 50% to network contributors, 32.5% to validators originating shreds, and 17.5% to protocol clients, with 10% going to a protocol burn mechanism.
  • DoubleZero, co-founded by former Solana Foundation communications director Austin Federa, raised $28 million in March 2025 in a round co-led by Multicoin Capital and Dragonfly Capital.

In Solana news today, DoubleZero Foundation launched Edge, a public beta platform that delivers raw Solana block data through a private global fiber network using multicast, bypassing the public internet and cutting average data delivery times by 6 milliseconds compared to conventional routing. The service went live Thursday with 379 validators actively publishing shreds.

The data subscribers receive is raw — the same UDP packets emitted by the Solana leader before any third-party processing. Reconstruction, decoding, and strategy logic remain on the subscriber’s side. Access is permissionless; payment is in USDC per device per epoch, approximately every two days.

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Solana’s block data currently travels over the public internet, introducing unpredictable latency, forcing trading firms to piece together combinations of APIs, RPC nodes, and CDN connections with varying performance ceilings. Edge replaces that path with multicast. A single stream is sent once and replicated at the network level, reaching all subscribers in one hop from the Solana leader with no relay tree and no positional advantages between participants.

The 6-millisecond gain is an average. During peak network activity — the conditions that matter most to high-frequency trading firms and market makers — the advantage from dedicated fiber compounds. Solana’s growing DEX volume has already placed five Solana-native protocols in the global top-10 by daily trading activity. Traders competing in that environment operate on execution margins where milliseconds translate directly to profitability.

DoubleZero co-founder Andrew McConnell stated the case plainly. “Traditional finance has spent decades building infrastructure where speed and deterministic performance are a real competitive advantage,” he said. “On-chain markets didn’t get that foundation, which left even sophisticated trading firms working on uneven ground.”

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The Validator Revenue Model

Validators earn additional income by publishing shreds to Edge, creating a direct economic incentive for consistent, low-latency data publication that operates independently of block rewards and staking yields. Current subscription prices run from $30 to $100 per epoch depending on the city through May 2026. Revenue is distributed each epoch: 50% to network contributors who supply fiber links, 32.5% to validators originating shreds, and 17.5% to protocol clients. An additional 10% burns the protocol’s native token.

DoubleZero plans to expand Edge’s data coverage beyond Solana shreds to include centralized exchange feeds, prediction market data, and traditional exchange order-by-order data, positioning the platform as a unified data layer across on-chain and off-chain markets. That ambition sits directly within Solana’s broader upgrade narrative for 2026, which includes the Alpenglow consensus overhaul targeting 150ms finality and the Firedancer client targeting over one million transactions per second.

The Institutional Context

DoubleZero raised $28 million from Multicoin Capital and Dragonfly Capital in March 2025. The project is co-founded by Austin Federa, who previously served as head of strategy and communications at the Solana Foundation, giving it direct lineage to the network’s infrastructure development community. The launch of Edge beta marks the first time a dedicated market data distribution product has gone live on a major Layer-1 blockchain in a format that explicitly mirrors what Bloomberg and Reuters-style direct data feeds provide in traditional markets — a gap that institutional trading firms have cited as a structural disadvantage of on-chain venues since DeFi began competing for institutional flow.

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Benjamin Cowen Reveals Why The Altcoin Season Never Came

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Benjamin Cowen Reveals Why The Altcoin Season Never Came

For most of 2025, altcoin holders were waiting. Watching Bitcoin climb to a new all-time high near $126,000, they expected what had always followed — the familiar rotation, the altcoin surge, the season that rewards patience with explosive gains. It never came.

Benjamin Cowen, founder of IntoTheCryptoverse, wasn’t surprised. He had a name for what was happening, and it changed everything.

“This is a cycle where Bitcoin topped on apathy rather than euphoria.”

That single phrase explains more about the 2025 cycle than any price target or on-chain metric. And to understand why, you need to follow the data across four charts — from social sentiment, through market structure, all the way to the deepest layers of the global macro economy.


The Top That Looked Normal, But Wasn’t

Bitcoin did exactly what it always does. It peaked in Q4 of the post-halving year, right on schedule, consistent with every prior four-year cycle. On the surface, nothing was broken. Look closer, however, and something was fundamentally different.

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Cowen’s Social Metrics Historical Risk chart tells the story visually. The chart color-codes Bitcoin’s price history by the level of social engagement at each point in time — warm colors (red, orange) for high engagement, cool colors (blue) for low.

In 2017 and 2021, Bitcoin topped in a blaze of red and orange. Social interest was at peak levels. Retail was flooding in. Everyone was talking about crypto.

Social Metrics Historical Risk chart / Source: YouTube

In 2025, Bitcoin printed its all-time high in cold blue. Social engagement was near-historic lows at the exact moment the market reached its peak.

No retail frenzy or mainstream headlines are driving fresh money in. Just a quiet, almost invisible top — what Benjamin Cowen defines as apathy.

“In 2017 and 2021 we topped on euphoria and because we topped on euphoria there was a rotation into the higher risk assets — altcoins. But when you top on apathy you don’t get that same rotation.”

The only other time this happened was in 2019. That observation is where everything begins.

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Benjamin Cowen: Why Apathy Kills the Altcoin Season

In a euphoric cycle, the sequence is predictable. Bitcoin tops, early investors take profits, and that capital rotates into higher-risk assets — altcoins. The crowd, still buzzing with excitement, chases the next opportunity. Alt season follows almost mechanically.

Apathy breaks that sequence entirely. When Bitcoin tops on indifference rather than excitement, there is no crowd waiting to rotate.

The retail wave that normally fuels altcoin rallies simply never arrived. And without new buyers entering the market, altcoins have nowhere to go but down.

Cowen puts it with characteristic bluntness:

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“But when you top on apathy, like in 2019, you don’t get that rotation. And the reason you don’t get that rotation is that there’s just no one left to sell the altcoins to.”

The consequence is visible in the altcoin total market cap chart. Rather than the sharp post-Bitcoin rotation that altcoin holders were expecting, the chart shows something more painful — a slow, relentless bleed. Altcoins losing ground to Bitcoin not just in the bear market, but throughout the entire cycle, both during the bull run and after it ended.

TOTAL3 vs Bitcoin Dominance Chart. Source: YouTube

This is not a coincidence or bad luck. It is a direct consequence of the macro environment in which this cycle occurred.


The Macro Context: 2019 and 2025 Show the Same Story

Most crypto analysts treat Bitcoin as its own ecosystem, governed purely by halving cycles and on-chain mechanics. Benjamin Cowen argues that it is only half the picture.

The global business cycle — the broader rhythm of economic expansion, late-cycle stress, and recession — shapes not when Bitcoin tops, but how investors behave when it does.

His Business Cycles chart, built by normalizing a composite of S&P 500 performance, unemployment, interest rates, inflation, and M2 money supply, makes the argument visually.

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From Bitcoin’s earliest days through approximately 2019, the macro environment was in an early business cycle phase — the long recovery following the 2008 financial crisis. Risk appetite was structurally high. Investors were willing to climb the risk ladder, moving from equities to Bitcoin to altcoins.

Business Cycles M2-Normalized chart / Source: YouTube

In a late business cycle environment, that risk appetite reverses. Investors don’t reach for more risk — they pull back from it. They consolidate into quality. In crypto terms, that means Bitcoin, not altcoins. It explains why, in both 2019 and 2025, altcoins bled to Bitcoin even as Bitcoin itself was still rising. The macro environment was actively working against the rotation altcoin holders had been counting on.

“The reason why this cycle feels different is because this is a late business cycle environment. And the only other time we had a late business cycle environment where altcoins bled out to Bitcoin even after Bitcoin topped without a rotation was actually in that 2019 phase.”

The Liquidity Risk chart adds a second layer of confirmation. With liquidity risk currently sitting at 0.789 — firmly in the “Very Tight” zone — the conditions mirror those of the 2008 financial crisis and the 2018-2019 period almost precisely. Tight liquidity environments are not environments where investors chase speculative assets. They are environments where capital retreats to safety.

Liquidity Risk chart / Source: YouTube

The symmetry between 2019 and 2025 goes deeper still. In 2019, Bitcoin topped in June — two months before quantitative tightening ended in August. In 2025, Bitcoin topped in October — two months before quantitative tightening ended in December. Same pattern, same spacing, larger scale.

“What’s happening now is just a larger version of what happened in 2019. It just happens to all line up.”


What Comes Next for Benjamin Cowen

The 2019 parallel is not a perfect map, but it is the most honest one available. The four-year cycle remains intact — Bitcoin tops when it always tops, and it will bottom when it historically bottoms, approximately one year after the peak. That places the base case for a cycle low in October 2026.

What this cycle has revealed, more clearly than any before it, is that the crypto market does not exist in isolation. The business cycle, liquidity conditions, and investor risk appetite are not background noise — they are the environment in which every crypto decision plays out. In an early cycle, rising risk appetite carries altcoins higher.

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In a late cycle, retreating risk appetite leaves them behind.

Benjamin Cowen’s thesis is not a bearish call for its own sake. It is a framework for understanding why this cycle felt different — and why, for those who understood the macro context, it was never really a surprise.

The altcoin season didn’t fail. It was never going to arrive. Not in this environment. Not in this cycle.

The post Benjamin Cowen Reveals Why The Altcoin Season Never Came appeared first on BeInCrypto.

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Telegram CEO Warns EU Age Verification App Risks Surveillance

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Telegram CEO Warns EU Age Verification App Risks Surveillance

Telegram CEO Pavel Durov warned Friday that the European Union’s new age-verification app could become a stepping stone toward broader online identity tracking, days after the European Commission said the system was technically ready for rollout.

In a Telegram post on Friday, Durov cited analysis from security consultant Paul Moore, who said the app is hackable in “under two minutes” after examining its technical design.

“This product will be the catalyst for an enormous breach at some point,” Moore said in an X post on Thursday, adding that the system could be tricked so the age check isn’t properly tied to the actual user or their device.

Durov argued that the security concerns went beyond age checks and could, over time, be used to justify broader identity verification across online services in Europe.

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The criticism reflects a wider debate over how age verification is being built into online platforms, as regulators in multiple regions push similar systems, raising concerns over security and digital identity infrastructure.

System promoted as being “completely anonymous”

The European Commission released the first version of its age-verification blueprint in July 2025, with the aim of letting users prove they are over 18 without disclosing other personal information.

The age verification framework was developed as an open-source project designed to preserve privacy and support future interoperability with European Digital Identity Wallets.

Source: Ursula von der Leyen

In a statement on Tuesday, EC President Ursula von der Leyen said the EU’s age verification app is “technically ready,” describing the tool as “completely anonymous” and claiming users can prove their age without revealing personal data or being tracked.

However, after researchers said the system can be bypassed in minutes, it’s unclear whether its privacy and security promises will hold up in real use.

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Related: Signal push notifications could present privacy vulnerability, says Durov

According to Durov, the app is “hackable by design,” suggesting it was built in a way that makes it easy to break in practice, which he argues could later be used to justify stronger identity checks.

Source: Pavel Durov

“The EU bureaucrats needed an excuse to silently start turning their ‘privacy-respecting’ age verification app into a surveillance mechanism over all Europeans using social media,” the Telegram CEO said.

Durov has emerged as a major advocate of free speech and digital privacy. He remains under judicial investigation in France over allegations tied to illegal activity facilitated through Telegram, including organized crime, fraud and the platform’s alleged failure to cooperate with authorities.

Magazine: How crypto laws changed in 2025 — and how they’ll change in 2026

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