Cointime

Cointime

Download App
iOS & Android
Home / Projects

SoBit: Set new minimum threshold for cross-chain transactions to 0.01% of total supply

  • Wechat scan to share

The BRC20 and Solana cross-chain bridge protocol SoBit stated in a post that in the past 36 hours, we have noticed an increase in cross-chain requests below 1,000 SOBB. Currently, cross-chain processing time is within 12 hours, and we have also upgraded our system to speed up future transactions.

The main updates include: 1. All backlog cross-chain requests have been completed. 2. In order to ensure system performance, we have set the new minimum threshold for cross-chain transactions to 0.01% of the total supply, equivalent to 100,000 SOBB.

Solana
Comments

All Comments

Recommended for you

  • FIFA President announces 'FIFA Coin' initiative

    Gianni Infantino, President of FIFA, announced the "FIFA Coin" plan at a White House summit, hoping to launch their own cryptocurrency. The aim is to leverage the $170 billion football industry and the 5 billion global football fans. They will invite cryptocurrency experts to collaborate and help realize this project.

  • Argo Blockchain Signs $40 Million Financing Agreement to Support M&A Transactions

    Argo Blockchain, a bitcoin mining company listed on Nasdaq, has announced that it has signed a $40 million senior secured convertible loan agreement, with an initial financing amount of $15 million and the remaining $25 million to be completed in the next 18 months. Three multinational institutions have invested (specific institution names have not been disclosed) and will join the Argo board. The new funds will be used to expand its mining facility in Baie Comeau, strengthen the balance sheet, and conduct a series of potential merger and acquisition transactions.

  • Binance will adjust the collateral ratio of BCH, XTZ and other assets

    According to the official announcement of Binance, Binance will update the collateral ratios of various assets under the investment portfolio margin mode on March 7, 2025 at 06:00 (UTC). The update process is expected to last about an hour. The specific adjustments are as follows: The collateral ratios of BCH, XTZ, and MANA will be reduced from 85% to 75%; The collateral ratio of ONE will be reduced from 80% to 70%; The collateral ratios of BAT and DENT will be reduced from 80% to 65%. Please note that the collateral ratio adjustments will affect the unified maintenance margin rate (uniMMR), and users need to pay close attention to avoid potential liquidation risks.

  • DeepSeek open-sources and releases 3FS, a high-speed parallel file system that optimizes AI data access

    On the fifth day of Open Source Week, its Fire-Flyer file system (3FS) was officially open sourced. As a high-performance parallel file system, 3FS can fully utilize modern SSDs and RDMA networks to achieve high-speed data access, improving the efficiency of AI model training and inference.

  • Hong Kong to allocate HK$1 billion to set up artificial intelligence research institute

    The Hong Kong SAR Government will allocate HK$1 billion to establish an artificial intelligence research institute.

  • Binance Futures will launch U-based and Coin-based quarterly 0627 delivery contracts

    Binance Futures will launch the following quarterly 0627 delivery contracts for U-based and coin-based contracts within a few hours after the expiration of the quarterly 1227 delivery contracts on December 27 at 16:00 U.

  • Binance to Launch MORPHO and CHILLGUY USDT Perpetual Contracts

    Binance futures platform will launch perpetual contracts with a maximum leverage of up to 75 times at the following times:

  • Coinbase International has launched COW perpetual contracts

     Coinbase International has launched COW perpetual contracts. COW-PERP market limit, market, stop loss, and stop loss limit orders are now all available.
  • cointelegraph ·

    Why is Solana's Dogwifhat (WIF) memecoin crashing?

    WIF price risks declining by another 48% due to the formation of a classic bearish reversal setup.
    Why is Solana's Dogwifhat (WIF) memecoin crashing?

  • Solana Edge Data Intelligent Network 375ai Completes $5 Million Seed Round of Financing, Led by 6MV

    Solana's edge data intelligent network 375ai announced the completion of a $5 million seed round of financing on X platform, with 6MV as the lead investor and participation from Arca, Escap Velocity, Primal Capital, and Auros. Specific valuation information has not been disclosed. 375ai provides decentralized edge data intelligent network nodes and mobile applications based on blockchain for real-time data collection. Users can participate in the network by deploying nodes, using applications, or staking tokens, while also receiving rewards.

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company
Cointime

Hot Coins

TerraClassicUSD USTC
$0.01320
+ 2.76%
$73366466.11
Terra Classic LUNC
$0.00006549
+ 3.63%
$356636509.24
Axie Infinity AXS
$3.47
+ 2.71%
$554178193.13

Daily Must-Read

01
Minnesota senator proposes Bitcoin Act after going from skeptic to believer
02
Microsoft warns of new remote access trojan targeting crypto wallets
03
Developer Consensus May Be Converging on a Bitcoin Soft Fork Proposal: Blockspace
04
How Bitdeer Is Transforming Bitcoin Mining Machines
05
U.S. Senate Takes First Big Step to Advance Stablecoin Bill
06
THORChain at crossroads: Decentralization clashes with illicit activity