The Algorand Foundation has indefinitely paused its Project King Safety, which included plans to remove the supply cap on its ALGO token. Despite this, the foundation will continue to offer staking rewards through January 2028. Other proposals like funding incentives through inflation, raising transaction fees, and enabling maximal extractable value (MEV) are currently off the table. The foundation is focusing on building a sustainable revenue model and enhancing post-quantum security across the Web3 ecosystem. It has also closed several community and advisory forums and plans to suspend the xGov grants program starting December 6.
The Algorand Foundation's pause on removing the ALGO supply cap provides context for cryptocurrency market activity on Pluang. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Nov 08, 2026 18:21 WIB: out of 50 priced major cryptocurrencies, only 9 rose while 40 fell. Among notable movers, BAL (Balancer) rose 11.14% to Rp16.297, EOS (EOS.IO) increased 8.13% to Rp12.649, contrasting sharply with SXP (Solar) which dropped 46.27% to Rp37. Typical hold times on Pluang range from 85 to 94 days for these assets.
Ethereum's price stayed around $2,235 as developers delayed the Hoodi testnet upgrade to address gas-accounting risks from EIP-8037 and EIP-8038 proposals. These changes affect gas costs for state creation and access, potentially impacting contracts ...
David Schwartz, former CTO of Ripple, downplayed his influence on XRP's price after criticism from crypto investors. Despite XRP trading around $1.16 and losing nearly 50% over the past year, Schwartz acknowledged his impact on the token's price is v...
Bitcoin experienced $16.11 million in long liquidations within one hour ending at 12:06 a.m. ET on Nov. 7, with total liquidations across Binance, Bybit, and OKX reaching $18.09 million. Short liquidations accounted for $1.98 million of the total. Du...
Patrick L. Riley warned that if 1,000 tokens were launched on STRAT-X, it could generate about 1 terabyte of XRP Ledger history every two hours, potentially overwhelming servers that store the full transaction archive. This projection is based on cur...
Solana's blockchain network saw the value of real-world assets onchain rise to $5 billion in October, up from $4.6 billion in September. This growth highlights increasing adoption and integration of tangible assets on the Solana platform. Additionall...
