Ranger, the first perpetual DEX aggregator on solana, is now live in Beta.

Bitget Wallet launches OmniConnect, a new SDK linking Telegram Mini-Apps to over 500 blockchains, including Solana, enabling Solana builders to launch mini-games directly on Telegram.

Jupiter, a leading decentralized exchange (DEX) on Solana, made a series of major announcements today at Solana Breakpoint 2024, the Solana ecosystem's largest annual conference. These updates include the acquisition of SolanaFM, the second-largest explorer on Solana, and Coinhall, the leading aggregator across Cosmos.

Co-founder Siong delivered a keynote address outlining the ambitious roadmap ahead for Jupiter.

Metropolis API Platform
Building on the foundation of Jupiter's existing APIs (Swap, Tokens, and Price APIs), the Metropolis API Platform makes it easier for developers to integrate with all of Solana's liquidity and build sustainable businesses. Anyone with an internet connection can leverage these APIs to streamline development and create innovative applications on Solana.

Jupiter RFQ
Deepening liquidity on Solana by connecting market makers directly to Jupiter's routing engine. This innovative feature allows market makers who primarily use exchanges like Binance to easily provide liquidity on Solana, ensuring that Jupiter consistently offers the best prices.

Jupiter Perps V2

Perps V2 is a significant upgrade from its predecessor, offering a richer feature set, competitive fees, and unmatched reliability. This new version introduces limit orders, a revamped Doves oracle for enhanced pricing accuracy, and gasless transactions, ensuring a seamless and cost-effective trading experience.

With Perps V2, traders can benefit from the convenience of limit orders, the reliability of the Dove oracle, and the efficiency of gasless transactions, all backed by $600 million in JLP liquidity. This combination makes Solana the most compelling platform for perpetual contracts.

Jupiter Mobile
Jupiter Mobile is poised to revolutionize how people interact with Solana by offering a frictionless and intuitive user experience. It simplifies the onboarding process, making Solana accessible to everyone regardless of their technical expertise. Users can easily connect their existing wallets or use popular payment methods like Apple Pay, Google Pay, or credit cards. Additionally, Jupiter Mobile eliminates the need for complex seed phrases, making it easy for new users to get started.

The platform also offers zero platform fees, ensuring that users can enjoy cost-effective transactions without worrying about hidden charges. With its 1-tap swap feature, users can effortlessly swap tokens with just a single click, streamlining the trading process.

Ape Pro: Taking on Pump.fun
Jupiter is now making moves to capture the meme coin market by taking on the popular Pump.fun, a no-code meme coin creation platform.

Ape Pro, a massive upgrade to the existing Ape platform, is set to make meme coins fun again on Solana. It will offer a powerful, mobile-friendly trading suite that supports social logins and an easy-to-use token creation experience.

Ape Pro stands out from its competitors, such as Pump.fun, by offering lower trading fees, a seamless mobile experience, faster transactions with Google login, and a robust token creation process. With a competitive 0.5% trading fee, Ape Pro provides a cost-effective solution for traders. Its mobile optimization ensures a smooth and efficient experience on the go, while Google login simplifies the onboarding process, eliminating the need for complex seed phrases. Additionally, Ape Mint, a feature within Ape Pro, allows users to easily mint new tokens, lock liquidity for project credibility, and earn perpetual swap fees, creating a sustainable revenue stream and combatting the current PVP model in the meme coin ecosystem.

Acquisitions Signal Growth and Ambition
Jupiter's acquisition of SolanaFM, a critical infrastructure provider for the Solana ecosystem, underscores the company's commitment to strengthening it. This move will enable Jupiter to leverage SolanaFM's world-class data infrastructure to enhance its platform further.

Telegram has updated its privacy policy to allow the sharing of users' phone numbers and IP addresses with authorities upon receiving valid legal requests, aiming to deter criminal activities on the platform.

This change follows the arrest of Telegram's CEO, Pavel durov, in France, related to allegations of the app's misuse for illegal activities.

dVINLabs announced an airdrop for Solana Breakpoint attendees, whoch would feature a free wine bottle and $200 in $VIN tokens.

dVINLabs is a project that aims to tokenize the $1 trillion global wine industry.

At Solana Breakpoint, Phantom announced embedded wallets to simplify user onboarding.
Features include:
- seedless sign-in with email and PIN
- no app downloads
These features would be offering a secure, self-custodial experience with full UI support.

Solana surpasses all other blockchains combined, including Ethereum, in Weekly Chain Royalties from NFTs.

- Dominance: 54%
- Royalties: $390K

The US is urging Nigeria to release Binance employee Tigran Gambaryan, detained since February. US officials, including Secretary Blinken, have raised concerns over his deteriorating health, pressing for his release on humanitarian grounds.

Kamino Finance has partnered with Re7 Labs to expand the Vault Layer in Kamino Lend V2. Re7 Labs, experts in DeFi and risk management, will manage permissionless V2 Lending Vaults, enhancing security and scaling Kamino’s decentralized financial layer on Solana.

Bitcoin spot ETFs saw a total net outflow of $170 million on September 6, marking the eighth consecutive day of outflows. The total net asset value has dropped below $50 billion, now standing at $48 .243 billion.

Solana leads the pack with 1.1B total transactions in August, significantly outperforming other blockchains.

Despite a challenging week for digital assets, with $305M in net outflows (Bitcoin: -$319M, Ethereum: -$5.7M), solana defied the trend, attracting $7 .6M in inflows.

Source: CoinShares

AUSTRALIA’S ’s BITCOIN ETF HITS MILESTONE WITH 125 BTC ACCUMULATION

Australia’s pioneering Monochrome Bitcoin ETF continues to make waves in the financial world by consistently accumulating Bitcoin, now holding 125 BTC as of the latest update. This achievement underscores the trust and optimism investors place in cryptocurrency, particularly Bitcoin, within regulated financial products.

As the first Australian ETF that directly holds Bitcoin, the Monochrome Bitcoin ETF offers an accessible way for investors to gain exposure to Bitcoin’s potential in Australian Dollars, without the complexities of direct cryptocurrency ownership. The ETF’s assets under management (AUM) have impressively grown, reflecting the rising investor confidence and the ongoing integration of cryptocurrencies into mainstream investment portfolios.

This marks a significant step forward in bridging traditional finance with the innovative world of digital assets.

BIG SUPPLY, BIG PROBLEMS AS SOLANA’S NFT MARKET REJECTS LARGE COLLECTIONS

Fresh minting mechanics are bringing greater security to Solana NFTs, but new mints and large collections struggle to garner attention and are trading below mint price.

New NFT collections have learned a painful lesson this week. If it wasn’t obvious due to stagnant floor prices and diminishing trade volume, launching a fresh collection in these conditions is a difficult task.

Despite commentators claiming these hyped collections will usher in a “new era” and whitelist spots selling at over $50 apiece on open markets, launches from Pathfinders and Hermans have failed to meet expectations.

Will Solana’s NFT market ever witness another successful 10,000 NFT collection? Or are small supplies the only way of conserving value?

ONLY 21% OF PATHFINDER'S RISK-FREE NFTs MINTED

Despite proposing a new, risk-free method of launching Solana NFTs, the Pathfinders collection faces difficulty minting out. At press time, only 2,125/10,000 NFTs have been minted, falling well short of expectations.

Pathfinder’s novel LST-backed NFT collection launched with noble intentions. Providing an alternative mechanic that aims to protect minters, the collection has launched Solana’s first un-ruggable NFTs.

Unlike standard NFT mints, Pathfinders NFTs are minted using pathSOL, the project’s native liquid staking token. Holders reserve the right to redeem their NFT for the underlying pathSOL used to mint the asset, essentially securing the NFT’s value at a minimum of 2pathSOL.

Regardless, Solana’s NFT community has largely ignored the project’s novel approach to minting. Supporters of the new mechanic took to social media to express their disappointment with the NFT community’s apparent apathy. 

Commentators noted that network participants have collectively poured thousands of SOL into extractive and malicious actors, but are unwilling to support builders providing meaningful alternatives.

‘Hyped’ New Mint Immediately Under Floor - Are Presales to Blame?

Boasting a sold-out presale that constituted 55% of the total supply, the Hermans NFT collection suffered a similar fate. Priced at 1.5 SOL per NFT, Hermans struggled to attract interest during the public mint, forcing the team to take drastic action.

Hermans trading on secondary marketplaces like Tensor and Magic Eden was locked until the mint was complete, meaning holders were unable to list their assets. The team took it upon themselves to buy all unminted assets. The Hermans’ treasury now holds over 1,600 NFTs, roughly 33% of the supply.

Almost immediately, the collection began trading beneath mint price as presales and regretful minters clamored to liquidate their holdings for SOL. Hermans currently exchange hands at 0.84 SOL, down 44% from the original mint price.

While poor NFT market conditions are a significant contributor to the recent slew of disappointing NFT launches, social media commentators have argued that NFT presales are also to blame.

Low Supply NFT Collections Retain Value

In recent years, NFT markets have witnessed countless large supply collections suffer devastating downtrends. 

Top Solana collections like Mad Lads, Tensorians (pictured), and Claynosaurs have all endured significant drawdowns, while dozens of less-resilient projects have effectively plummeted to zero.

Comparatively, low supply and 1/1 NFT collections have retained their value remarkably well. Limited supply art collections like Boogles, Dead King Society, and The SixNine are typically only available through OTC deals and have maintained comparatively stable floors, regardless of SOL price fluctuations.

Arguably, this suggests that the most valuable utility NFTs offer is access to exclusive communities. Alternatively, it could also indicate that low-supply collections with low market liquidity create an elite sense of perceived value, which has supported the valuations of these co

XNET airdrop for top Solana communities is now live.

Eligible users, including Bonk lockers, Mad Lads holders, 'Saga Genesis' DAO members, and others, can claim their airdrop.

Partnership Announcement🤝

We’re thrilled to announce a partnership with Yawn’s World! Their account proudly wears the gold checkmark on BullVerse reserved for our partners.

We are eagerly waiting for Yawn’s own energy drinks to drop.🥱

$YAWN x $BULL

Follow Yawn on BullVerse: @yawnsworld

Yield layer on Solana NX Finance has has their Discord compromised

—do not click on any links.

Bybit Crypto Exchange Announces Zero-Fee Withdrawals for $USD , $USDC , and $PYUSD on Solana Network to Boost Ecosystem Growth.

🇦🇪 Dubai officially approves Bitcoin & crypto for salary payments.

XNET announced a 300k $XNET airdrop to leading solana communities as part of their entrance to the ecosystem.

In a move that could significantly reshape the Solana DeFi landscape, Renzo Protocol and Jito Network have joined forces to introduce $ezSOL , the first-ever Liquid Restaking Token (LRT) on the Solana blockchain. This groundbreaking partnership combines Renzo's expertise in liquid restaking with Jito's MEV-enhanced validator network, promising to unlock new levels of capital efficiency and yield optimization for Solana users.

JITO'S RECENT FORAY INTO RESTAKING
This development comes just weeks after Jito, a leading Solana liquid staking protocol, officially entered the restaking market. The protocol released Jito Restaking, an open-source module designed for the Solana blockchain, supporting both staking, restaking, and LRTs. This move signaled Jito's ambition to expand its offerings and capitalize on the growing interest in restaking within the Solana community.

Renzo brings a wealth of experience from successful Ethereum protocols like EigenLayer and Symbiotic, where it currently boasts a TVL of $1 .28 billion, having reached a peak of $4 billion in June.

UNDERSTANDING LIQUID RESTAKING TOKENS(LRTs)
Restaking, a concept gaining traction on Ethereum, allows users to restake their staked assets to secure additional networks and protocols, thereby earning additional rewards. LRTs take this a step further by providing users with a liquid representation of their staked assets, which can be used across various DeFi protocols while still earning staking rewards.

$ezSOL : UNLOCKING NEW POSSIBILITIES
$ezSOL , minted using JitoSOL as the underlying staked asset, leverages Jito's MEV-enhanced validator network to offer users the potential for compounded rewards from staking, restaking, and MEV extraction. This unique combination makes $ezSOL a powerful tool for maximizing yield within the Solana DeFi ecosystem.

Solana's PoW mining gains traction, with combined Coal and ORE applications now driving over 9% of average transactions per block.

According to a conversation from the Telegram group “STRIKE investors,” Icebagz claims he met Donald Trump for two hours, has receipts, and never sold a single token. He claims Trump's son told him 10 minutes before that he was tweeting about the $RTR token.

Earlier, Eric Trump refuted claims that Trump launched the $RTR token.

Judge Torres orders Ripple to pay $125M in penalties, ending four-year 🇺🇲SEC legal battle.

The SEC had initially requested a penalty of $2B from Ripple.

The US stock market volatility index VIX is up 161% today to levels last seen during the COVID-19 crash, as the crypto market plunges along with Global markets.

Meow's proposal to burn 30% of the $JUP team tokens has surpassed the required vote threshold on Jupiter Exchange.

(3 billion $JUP , worth over $2 .88 billion, will be burned over a period of 6 months)

PayPal and Portal have launched the Global $PYUSD Portal Hackathon, which was created mainly to drive innovation using PYUSD within the solana ecosystem.

Jupiter airdrop concludes, 639,109 addresses claim tokens, $800 million worth of $JUP distributed, 33.1% unclaimed.

The $JUP airdrop by Jupiter, a leading Decentralized Exchange (DEX) aggregator on Solana, has successfully concluded. Launched on January 31st, 2024, it was the largest airdrop in Solana's history.

The airdrop aimed to distribute 1 billion $JUP tokens to 955,000 wallets that had previously interacted with Jupiter. The claim deadline was set for July 31st, 2024. while a substantial number of users participated, over 300,000 eligible addresses failed to claim their tokens.

The SEC has withdrawn its request that the court label tokens such as $SOL and $ADA as securities in its case against Binance.

Jupiter Exchange introduces The Ecosystem Token API, which integrates token, market, and partner information into one unified platform.