CANTO Price Volatility: Soars 250% Then Quickly Retraces

Top Parallelized EVM Coins #PARALLELIZEDEVMCOINS #SEI #NEON #REACT #CANTO #RDO #CryptoCommunity #blockchaintechnology #cryptomarket #cryptocurrency #CryptoNewsUpdate https://t.co/EcmtbVD2rK

Launch your token with Magna on: - Solana - Ethereum - Base - Arbitrum - Optimism - Polygon - Binance - Aptos - Sei - Sonic - Immutable - Avalanche - Movement - Berachain - Blast - Filecoin - Ronin - Canto

NOTE, the native stablecoin of Canto, the L1 blockchain based on Cosmos, once de-pegged sharply to below $0.6 today, and has now recovered to about $0.96. A few weeks ago, Canto experienced a long downtime, and after the chain was restarted, a large amount of TVL was lost. The loss of stablecoin assets on the cross-chain bridge ultimately led to this depeg.

Wu's Daily Selected Cryptocurrency News

Stablecoins recover after severe decoupling but still face risks.

CANTO Surges 40% Amid Network Outages and Increased Trading Volumes

Aevo is about to cease perpetual contract trading for OX, SHFL, and CANTO.

Layer1 blockchain Canto has temporarily suspended operations due to consensus issues and is awaiting an upgrade, ensuring user fund security.

The Canto network unexpectedly stopped after the upgrade and is expected to resume in 15 hours.

Canto: Building and testing the v8.1.0 upgrade, ensuring user fund security.

Canto Blockchain Faces Second Shutdown in a Week Despite Token Surge

Canto Blockchain Faces Another Shutdown Due to Secondary Effects

Canto Blockchain Offline Since Saturday Due to Consensus Issue

According to the CantoScan block explorer, the Cosmos-based L1 blockchain Canto has been down for over a day, with the last transaction (block 10847516) occurring at 2:29:41 AM on August 11. Canto's official Twitter account stated that the Canto Chain is currently experiencing a consensus issue, causing the chain to halt. To resolve the issue, an upgrade is scheduled for August 12 at 8:00 PM UTC+8, and all funds are safe.

Canto Chain has temporarily suspended operations due to consensus issues and is scheduled to undergo an upgrade at 20:00 today.

Canto Chain to Undergo Upgrade on August 12 Due to Consensus Issues

Canto Chain encountered a consensus issue and temporarily suspended operation, planning to upgrade on August 12th.

Canto Blockchain Schedules Upgrade to Resolve 33-Hour Outage Due to Consensus Issue

Canto Blockchain Scheduled for Fix After Prolonged Outage