Digital asset investment products saw inflows of $1 .2B for the third straight week, driven by expectations of dovish US monetary policy. Solana saw $4 .8M in net outflows, marking its first after 5 weeks of consecutive inflows.

CRYPTO MARKET UPDATE:

- BTC: $65 ,054
- ETH: $2 ,639
- $SOL : $155

Jupiter Exchange has released the first draft of its J4J proposal to decide the fate of 215M unclaimed $JUP tokens from the initial airdrop.

The community can vote on three options: - fund ASR
- burn the tokens
- send them to the community multisig.

Solana's Total Value Locked (TVL) Reclaims $5 Billion

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
Redefining perpetual contracts on Solana with enhanced features, competitive fees, and unparalleled reliability.

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 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.

Jupiter emphasized the company's dedication to making Solana even more awesome. "Solana is already the best. And we're here to make using Solana even more awesome," he said. "Today's updates signal our strong commitment to building the platform, team, and community needed to drive it forward."

Only 2 days until Solana's biggest global conference begins in Singapore.

Here are some sneak peeks from the event.

Solana suggests using Grab at Breakpoint, which allows them to fund their Grab wallets (for transportation and meals) with stablecoins directly from solana wallets.

Binance Has Advised Cryptocurrency Users To Be Aware Of The "Clipper" Malware

A global malware threat is currently targeting cryptocurrency users, causing significant financial losses by altering withdrawal addresses. Known as "Clipper malware," this malicious software manipulates copied wallet addresses during transactions, redirecting funds to the attackers' wallets without the users' knowledge.

Raydium Protocol Introduces "Burn & Earn," which would allow teams launching tokens to permanently lock CLMM liquidity while still claiming trading fees. This new feature would be competition to Meteora's Dynamic Pools.

Magic Eden led NFT marketplaces with $56M in annual revenue, surpassing all competitors combined. 71% came from Bitcoin Ordinals (excluding Runes and BRC20), and 27% was driven by Solana.

Sonic SVM, the first Atomic SVM chain on Solana, has announced a $12 .8M HyperGrid node sale which is the first of its kind on Solana. The sale, which features 50,000 "HyperFuse nodes," begins in three stages:
- A Tier 1 Raffle on 9/16
- A Whitelist Sale on 9/18
- A Public Sale on 9/19.

Solana Breakpoint 2024 agenda announced.

Key topics include:

• Firedancer
• Solana 2.0
• The Solana Network State

Volmex introduces the SVIV Index, the first SOL implied volatility index, tracking 14-day expected volatility. Future updates will include more terms and SVIV Index-linked derivatives for trading.

Solana Programs that are Verified has been put into a directory, a public dashboard for trusted and verified Solana programs.

Bybit teases the launch of $BBSOL , a liquid staking token (LST) on the Solana blockchain.

Bitget exchange teases the launch of $BGSOL .

This marks the 3rd exchange to announce the launch of an LST (Liquid Staking Token) on Solana in a single day including Binance.

Solana-based Drift Protocol's BET platform achievements since launch last week:

▶️ Over $1 .6M in open interest and volume
▶️ More than $3 .5M in Day 1 liquidity
▶️ 1K+ active positions and counting
▶️ Ultra-tight spreads below.01

Phantom enhances support for interest-bearing tokens with real-time updates.

Binance and former CEO Changpeng Zhao face a new class-action lawsuit from three investors alleging the exchange failed to prevent money laundering, resulting in the loss of their stolen crypto assets.

Hivemapper partners with Coins.ph and
Seamoon Protocol JP to enhance road mapping and expand its network across Asia.

Helium partners with Wifimap to offer users 1 month free of Helium Mobile service, including unlimited data, talk, and text.

Solana DePIN are growing huge

NX Finance, a yield layer on Solana has released their tokenomics:

Total Supply: 100 million
Community: 51%
IDO: 15%
Team: 10%
Investors: 10%
BD and Marketing: 10%

Major crypto exchange Coinbase has unveiled an innovative artificial intelligence accelerator grant program.

The initiative will award $3 ,000 each to five projects that explore the integration of AI with cryptocurrency wallets.

Coinbase CEO Suggests AI Should Have Crypto Wallets Amid New Bot Accelerator Launch

HODL your $POPDOG tight! 💎🙌

Multiple announcements coming this week! 😏🚀🚀🚀

You need to know that I’m a rider!

Hand drawn $POPDOG footage destination MOON! 👩‍🚀🚀🌙

Partnership Announcement🤝

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

We are excited to welcome Landlord as official partners and are committed to working together to benefit the space and our communities. Stay tuned for more announcements regarding this partnership.

$LANDLORD x $BULL

Follow Landlord on BullVerse: bullverse.io/landlord

Parcl and Truflation partner to improve on-chain access to real estate data, which offers real-time insights into global housing markets.

The collaboration would enhance transparency and assist users in making informed financial decisions in the DeFi space.

Marinade Finance's Stake Auction Marketplace (SAM) enters Phase 2, allowing solana stakers to earn higher rewards through live validator bids starting August 14th.

Aiming to streamline and simplify the Solana user experience, Fuse Wallet has unveiled yet another creative tool. After delivering Solana’s leading multisig solution and developing a seed phraseless smart wallet, Fuse is finally bringing gas abstraction to Solana.

What is gas abstraction, and how does it facilitate simplified applications on the Solana blockchain?

HOW DOES GAS ABSTRACTION WORK
In an eagerly awaited update, Fuse Wallet has finally implemented gas abstraction. A helpful onboarding tool, gas abstraction makes Solana gas payments simpler than ever before by expanding the ways in which users can pay transaction fees.

Through the platform’s Paymaster feature, Fuse Wallet’s native LST (Liquid Staking Token), fuseSOL can be automatically converted to SOL to pay transaction fees. This gives users greater flexibility by enabling them to deploy all their SOL throughout the ecosystem while still enjoying the staking rewards provided by fuseSOL.

Essentially, Fuse Wallet’s Paymaster feature ensures that your wallet always maintains a minimum balance of fuseSOL that is sufficient to pay transaction fees. Kept separate from your main balance, the Paymaster also allows for a daily spending limit of 0.1SOL.

While for now, this might sound as simple as using fuseSOL for transaction fees instead of SOL, the future implications allow for a far more diversified onchain landscape.

WHY IS THIS HELPFUL?
In the future, Fuse Wallet expects that users will be able to pay gas fees using any supported cryptocurrency, like USDC. Successful implementation of gas abstraction means that users are no longer required to hold SOL in their wallets, enabling them to explore the Solana ecosystem with greater freedom and simplicity.

Additionally, gas abstraction will make it possible for applications to cover the costs of network transaction fees on behalf of their users. This feature eliminates a massive friction point that hampers adoption and helps new users join the onchain economy.

Commentators on social media have lauded the move as a bold step forward for crypto onboarding.

US judge has approved FTX's $12 .7 billion repayment plan to creditors. The approval concludes a 20-month legal battle, resolving FTX's financial obligations.

Anchorage Digital Bank introduces custody and staking support for solana's SPL tokens, expanding institutional access to the Solana ecosystem.

(Anchorage - Only federally chartered crypto bank in the 🇺🇲US serving as a custodian for banks, governments, etc.)

Crypto markets stayed open 24/7 despite traditional finance circuit breakers, with major DEXs handling significant volumes while major markets were closed and OTC block traders capitalized on the situation.

- Messari Crypto