Elon Musk is under scrutiny following his announcement to alter the X social media platform’s algorithm to prioritize certain content types over others. In a post dated January 3, Musk stated the aim was to increase ‘un-regretted user-seconds,’ expressing concern that excessive negativity currently extends user engagement but not in a fulfilling manner. His decision sparked criticism, with users labeling the move as censorship and questioning the subjective nature of defining ‘negativity.’
In another development, at least 15 blockchain wallets, suspected of insider trading, have reportedly turned an initial investment of $14,600 into over $20 million during the launch of the Focai.fun (FOCAI) memecoin on Solana’s Pump.fun platform. These wallets managed to acquire more than 60.5% of the total FOCAI token supply. Blockchain analysts criticized this concentration of tokens, emphasizing the risks posed to decentralization, a fundamental tenet of cryptocurrency.
In the mining sector, the Bitcoin network’s hashrate reached a temporary peak above 1,000 exahashes per second on January 3, marking an all-time high as miners continued to enhance capacity despite the reduced mining rewards post the April 2024 Bitcoin halving event. This surge illustrates the mining community’s ongoing investments to bolster their computational resources within the blockchain infrastructure.
