5 days ago
🎲 Poker Tournament Alert! 🎲
🔥 Registration is now OPEN for our free-entry tournament! Don’t miss your chance to join the most degen poker game on Solana! 🚀
📍 How to register:
1️⃣ Join our Telegram https://t.me/MummatSolana.
2️⃣ Share the following details in the Telegram chat:
-Your Twitter.
-Your Telegram.
-The username you registered with in the poker room.
🃏 Poker Room Link: https://pokernow.club/mtt/...
Let’s play! 💰💎
$Mummat #Solana #PokerTournament #CryptoCommunity
🔥 Registration is now OPEN for our free-entry tournament! Don’t miss your chance to join the most degen poker game on Solana! 🚀
📍 How to register:
1️⃣ Join our Telegram https://t.me/MummatSolana.
2️⃣ Share the following details in the Telegram chat:
-Your Twitter.
-Your Telegram.
-The username you registered with in the poker room.
🃏 Poker Room Link: https://pokernow.club/mtt/...
Let’s play! 💰💎
$Mummat #Solana #PokerTournament #CryptoCommunity
2 months ago
The AI x Crypto narrative is on a tear and
bittensor_
's $TAO token is leading the way 🚀
Here's why 👇
======================
As one of the most prominent projects in this space, Bittensor is positioning itself as the project to watch.
At its core, Bittensor is pushing a new frontier: creating a decentralized network where AI models can be trained and shared in a way that aligns incentives for both developers and users.
As the subnet limit is progressively expanded — and eventually removed altogether — the potential for exponential growth within the Bittensor ecosystem becomes clear. More subnets mean more AI models, more collaboration, and more growth for the ecosystem.
Crucially, all this activity increases demand for TAO itself. Since TAO is required to acquire any subnet token, the introduction of dTAO could further fuel its demand, making Bittensor even more attractive to investors.
TAO’s Halving in 2025
Bittensor is approaching its first halving event, slated for late 2025. Much like Bitcoin’s halving cycles, this event will cut the rate at which new TAO tokens are emitted by half.
Currently, the Bittensor network emits 1 TAO as block rewards (7,200 TAO daily) which are distributed among miners, validators, subnet owners, and delegators. However, when the halving occurs (triggered when 10.5 million TAO are in circulation), this emission will be halved to 0.5 TAO per block, reducing the daily supply of new TAO entering the market.
Why does this matter? When the supply of TAO is cut, it introduces scarcity. In any market, reduced supply with steady or rising demand (thanks to increasing subnets and introduction of dTAO) can only lead in one direction: upward.
Now let’s take a look at the macro level things happening in the world of AI that are considered positive for AI x crypto projects like Bittensor.
Issues with OpenAI
OpenAI is at a crossroads. Recently, news broke that OpenAI is transitioning from a non-profit control to a for-profit benefit corporation. Following this restructuring, the company’s valuation has soared to over $150 billion and they’ve raised $6 .6 billion in fresh funding.
Additionally, there’s been recent departures of key executives, including Chief Technology Officer Mira Murati and two other senior executives, raising concerns about potential internal issues.
Nonetheless, there is a broad regulatory squeeze on AI from various jurisdictions worldwide. The fact that centralized AI is subject to regulatory control highlights a fundamental flaw: it's too easy to control.
When a few large companies hold the keys to centralized AI, they become prime targets for government pressure and censorship. This is where decentralized AI platforms, like Bittensor, have the advantage. They cannot be shut down or censored by any single entity, as no one entity controls it.
Closing Thoughts
There’s a lot going right for Bittensor, and the rising token price is just the cherry on top. With existing momentum, the upcoming updates mentioned above, potential EVM support, and ongoing community development – such as the rapid integration of NousResearch’s breakthrough in distributed training into Bittensor – these are all strong indicators of Bittensor’s promise.
In a world where centralized AI is increasingly regulated, censored, and driven by profit motives, Bittensor offers a compelling alternative: a decentralized, community-driven approach that thrives on collaboration, innovation, and shared incentives. And that’s why it’s worth keeping an eye on.
Analysis by arjunnchand✍️
bittensor_
's $TAO token is leading the way 🚀
Here's why 👇
======================
As one of the most prominent projects in this space, Bittensor is positioning itself as the project to watch.
At its core, Bittensor is pushing a new frontier: creating a decentralized network where AI models can be trained and shared in a way that aligns incentives for both developers and users.
As the subnet limit is progressively expanded — and eventually removed altogether — the potential for exponential growth within the Bittensor ecosystem becomes clear. More subnets mean more AI models, more collaboration, and more growth for the ecosystem.
Crucially, all this activity increases demand for TAO itself. Since TAO is required to acquire any subnet token, the introduction of dTAO could further fuel its demand, making Bittensor even more attractive to investors.
TAO’s Halving in 2025
Bittensor is approaching its first halving event, slated for late 2025. Much like Bitcoin’s halving cycles, this event will cut the rate at which new TAO tokens are emitted by half.
Currently, the Bittensor network emits 1 TAO as block rewards (7,200 TAO daily) which are distributed among miners, validators, subnet owners, and delegators. However, when the halving occurs (triggered when 10.5 million TAO are in circulation), this emission will be halved to 0.5 TAO per block, reducing the daily supply of new TAO entering the market.
Why does this matter? When the supply of TAO is cut, it introduces scarcity. In any market, reduced supply with steady or rising demand (thanks to increasing subnets and introduction of dTAO) can only lead in one direction: upward.
Now let’s take a look at the macro level things happening in the world of AI that are considered positive for AI x crypto projects like Bittensor.
Issues with OpenAI
OpenAI is at a crossroads. Recently, news broke that OpenAI is transitioning from a non-profit control to a for-profit benefit corporation. Following this restructuring, the company’s valuation has soared to over $150 billion and they’ve raised $6 .6 billion in fresh funding.
Additionally, there’s been recent departures of key executives, including Chief Technology Officer Mira Murati and two other senior executives, raising concerns about potential internal issues.
Nonetheless, there is a broad regulatory squeeze on AI from various jurisdictions worldwide. The fact that centralized AI is subject to regulatory control highlights a fundamental flaw: it's too easy to control.
When a few large companies hold the keys to centralized AI, they become prime targets for government pressure and censorship. This is where decentralized AI platforms, like Bittensor, have the advantage. They cannot be shut down or censored by any single entity, as no one entity controls it.
Closing Thoughts
There’s a lot going right for Bittensor, and the rising token price is just the cherry on top. With existing momentum, the upcoming updates mentioned above, potential EVM support, and ongoing community development – such as the rapid integration of NousResearch’s breakthrough in distributed training into Bittensor – these are all strong indicators of Bittensor’s promise.
In a world where centralized AI is increasingly regulated, censored, and driven by profit motives, Bittensor offers a compelling alternative: a decentralized, community-driven approach that thrives on collaboration, innovation, and shared incentives. And that’s why it’s worth keeping an eye on.
Analysis by arjunnchand✍️
2 months ago
Based Rollups
What are they, why do they exist, and which projects are already making waves?
A 101 explainer 👇
==================================
Scaling #Ethereum has been one of the most discussed challenges in crypto.
To address this, the community chose a rollup-centric approach. The idea is simple: Instead of hosting all applications on Ethereum, the focus is on rollups that offer faster, cheaper transactions while still settling back on Ethereum. As a result, you get faster, cheaper transactions, but still keep Ethereum’s security.
They're bringing more users and value to Ethereum, however, concerns remain about their reliance on centralized sequencers and liquidity fragmentation across chains.
This is where based rollups come in. They integrate more closely with Ethereum's infrastructure, helping retain value within the ecosystem. This new method of building rollups could bring additional value to Ethereum and $ETH .
What are Based rollups?
Based rollups, or L1-sequenced rollups, are a type of rollup where the base L1 chain, like Ethereum, manages transaction sequencing directly.
Unlike traditional rollups that rely on their own sequencers, based rollups tap into the security, liveness, and decentralization of the L1 by outsourcing transaction sequencing to the L1’s infrastructure. This infrastructure includes proposers, searchers, builders, and other actors who permissionlessly include based rollup blocks in L1 blocks.
How do Based rollups work?
Based rollups use the L1 for consensus, data availability, and settlement layers, while handling execution independently. For instance, when Ethereum is the base L1, the key layers of based rollups are as follows:
1. Execution Layer — Managed by the rollup itself, where transactions are executed off-chain.
2. Consensus Layer — Relies on Ethereum validators to sequence transactions.
3. Data Availability Layer — Uses Ethereum as the DA layer to ensure that transaction data is available for validation by anyone.
4. Settlement Layer — Also part of Ethereum, where final transaction states of the rollup are recorded.
Based rollups use Ethereum for everything from ordering transactions to settling them. While this approach may not seem radically different from traditional rollups, it fundamentally shifts how sequencing is handled. Instead of relying solely on separate sequencers, based rollups leverage Ethereum itself for transaction sequencing.
Why based rollups?
As Justin Drake outlined in his original post, based rollups are worth your attention for several reasons:
1. Inherited Liveness and Decentralization — One of the key advantages of based rollups is their ability to inherit the liveness guarantees of the base L1 chain. As long as the L1 is operational, so is the rollup.
2. Economic Alignment with L1 — The economic model of based rollups creates a mutually beneficial relationship with the L1. Priority fees and MEV from these rollups naturally flows to the L1. This synergy doesn’t just add value to the base layer, it also boosts the legitimacy and brand awareness of the rollups themselves, thanks to Ethereum’s community.
3. Cost Efficiency — Outsourcing sequencing to Ethereum reduces development costs, accelerates time to market, and lowers user costs (especially at scale) for based rollups.
However, based rollups have trade-offs. They sacrifice some profitability by relying on Ethereum for sequencing, missing out on priority fees and MEV. Additionally, they contend with Ethereum's inherent challenges, such as slow block times, which can cause latency issues.
There's a real debate that these changes might compromise the simplicity and security that initially made based rollups appealing.
What are they, why do they exist, and which projects are already making waves?
A 101 explainer 👇
==================================
Scaling #Ethereum has been one of the most discussed challenges in crypto.
To address this, the community chose a rollup-centric approach. The idea is simple: Instead of hosting all applications on Ethereum, the focus is on rollups that offer faster, cheaper transactions while still settling back on Ethereum. As a result, you get faster, cheaper transactions, but still keep Ethereum’s security.
They're bringing more users and value to Ethereum, however, concerns remain about their reliance on centralized sequencers and liquidity fragmentation across chains.
This is where based rollups come in. They integrate more closely with Ethereum's infrastructure, helping retain value within the ecosystem. This new method of building rollups could bring additional value to Ethereum and $ETH .
What are Based rollups?
Based rollups, or L1-sequenced rollups, are a type of rollup where the base L1 chain, like Ethereum, manages transaction sequencing directly.
Unlike traditional rollups that rely on their own sequencers, based rollups tap into the security, liveness, and decentralization of the L1 by outsourcing transaction sequencing to the L1’s infrastructure. This infrastructure includes proposers, searchers, builders, and other actors who permissionlessly include based rollup blocks in L1 blocks.
How do Based rollups work?
Based rollups use the L1 for consensus, data availability, and settlement layers, while handling execution independently. For instance, when Ethereum is the base L1, the key layers of based rollups are as follows:
1. Execution Layer — Managed by the rollup itself, where transactions are executed off-chain.
2. Consensus Layer — Relies on Ethereum validators to sequence transactions.
3. Data Availability Layer — Uses Ethereum as the DA layer to ensure that transaction data is available for validation by anyone.
4. Settlement Layer — Also part of Ethereum, where final transaction states of the rollup are recorded.
Based rollups use Ethereum for everything from ordering transactions to settling them. While this approach may not seem radically different from traditional rollups, it fundamentally shifts how sequencing is handled. Instead of relying solely on separate sequencers, based rollups leverage Ethereum itself for transaction sequencing.
Why based rollups?
As Justin Drake outlined in his original post, based rollups are worth your attention for several reasons:
1. Inherited Liveness and Decentralization — One of the key advantages of based rollups is their ability to inherit the liveness guarantees of the base L1 chain. As long as the L1 is operational, so is the rollup.
2. Economic Alignment with L1 — The economic model of based rollups creates a mutually beneficial relationship with the L1. Priority fees and MEV from these rollups naturally flows to the L1. This synergy doesn’t just add value to the base layer, it also boosts the legitimacy and brand awareness of the rollups themselves, thanks to Ethereum’s community.
3. Cost Efficiency — Outsourcing sequencing to Ethereum reduces development costs, accelerates time to market, and lowers user costs (especially at scale) for based rollups.
However, based rollups have trade-offs. They sacrifice some profitability by relying on Ethereum for sequencing, missing out on priority fees and MEV. Additionally, they contend with Ethereum's inherent challenges, such as slow block times, which can cause latency issues.
There's a real debate that these changes might compromise the simplicity and security that initially made based rollups appealing.
2 months ago
🇩🇪 German MP Joana Cotar announces the creation of the Federal Bitcoin Association in the German parliament.
"We founded the Bitcoin-Bundesverband in the Bundestag."
“64 founding members are now fighting together for their interests, for financial education and for Bitcoin.”
https://x.com/joanacotar/s...
"We founded the Bitcoin-Bundesverband in the Bundestag."
“64 founding members are now fighting together for their interests, for financial education and for Bitcoin.”
https://x.com/joanacotar/s...
2 months ago
It’s here — a crypto game for mass audiences.
Everything you need to know about
@solana
's new mobile shooter -- FTW 🔫👇
========================================
jungle_xyz’s FTW is a fast-paced mobile shooter where players can play casually or win real rewards by competing in tournaments and PVP wagering matches.
While FTW has multiple ways to play—Free-for-Alls, Team Deathmatches, and Extractions (akin to capture the flag)—its main mode is Showdown, where 10 players face off in a 3-minute Battle Royale. Here, players spawn with randomized load-outs of different heroes, weapons, and gadgets and can respawn during the first 2 minutes, battling to rack up points and buffs.
After this, the playing zone starts closing and respawns are disabled until the last player standing claims victory. Along the way, players can pick up new weapons and equipment scattered across the map. These come in four rarity levels: White, Blue, Purple, and Yellow, each offering increased power for an edge as the match progresses.
⚔️ Qualifiers (Mon-Fri): During weekdays, you can play Showdown matches for free and collect points to prepare for the weekend Finals. This mode helps you accumulate upgrades, currencies, and tickets, which will be crucial for weekend competition.
🎖Finals (Sat-Sun): The weekend Finals require one ticket per match, and only these games count toward the leaderboard for prizes. Players can win $USDC , $SOL , in-game rewards, and whitelist spots for Jungle’s Genesis mint — though you must connect your wallet and Discord to be eliglible.
Additionally, there is a Monthly Leaderboard on FTW’s Jungle Discord, where your Finals scores accumulate throughout the month. Players who perform well can qualify for boosted rewards.
How to Get Started:
Additional Features:
🎯 Auto-Aim: FTW lets you choose between manual and auto-aim in its settings. While it may burn through your bullets, personally I’d recommend auto.
💥 Hero Ultimates: Each hero has a unique ultimate ability like airstrikes, poison gas, or shock blasts, which charges up as the match goes on and you rack up more stats.
🧰 Hero and Weapon Upgrades: XP will be earned as you play, alongside crates offering unique boosts which can be used to upgrade your heroes and weapons, increasing traits like their resilience, precision, and speed.
How to Earn:
FTW’s tournaments are where the money’s made, and these events are split into Qualifiers and Finals:
📲 Download FTW: The game is available on the iOS App Store and Google Play in early access worldwide.
✅ Sign Up: Once downloaded, create your account through your email or Google.
🔗 Link Your Account: To qualify for rewards, join the Jungle Discord and complete your profile under the profile channel by linking your FTW account (a code will be provided in the app) and Solana wallet.
🏆 Join Tournaments: Participate in weekly Qualifiers to earn points, and use tickets to join the weekend Finals for a shot at the prizes.
And that's all it takes to get started here!
With mobile games feeling ripe for crypto adoption by augmenting their casual gameplay with onchain rewards, Jungle looks to be flying under the radar as a studio to watch.
Move quickly, though! The last Qualifiers for this first “Play-to-Mint” tournament end on September 27th, though we can expect more down the line.
✍️ by wmpeaster
Everything you need to know about
@solana
's new mobile shooter -- FTW 🔫👇
========================================
jungle_xyz’s FTW is a fast-paced mobile shooter where players can play casually or win real rewards by competing in tournaments and PVP wagering matches.
While FTW has multiple ways to play—Free-for-Alls, Team Deathmatches, and Extractions (akin to capture the flag)—its main mode is Showdown, where 10 players face off in a 3-minute Battle Royale. Here, players spawn with randomized load-outs of different heroes, weapons, and gadgets and can respawn during the first 2 minutes, battling to rack up points and buffs.
After this, the playing zone starts closing and respawns are disabled until the last player standing claims victory. Along the way, players can pick up new weapons and equipment scattered across the map. These come in four rarity levels: White, Blue, Purple, and Yellow, each offering increased power for an edge as the match progresses.
⚔️ Qualifiers (Mon-Fri): During weekdays, you can play Showdown matches for free and collect points to prepare for the weekend Finals. This mode helps you accumulate upgrades, currencies, and tickets, which will be crucial for weekend competition.
🎖Finals (Sat-Sun): The weekend Finals require one ticket per match, and only these games count toward the leaderboard for prizes. Players can win $USDC , $SOL , in-game rewards, and whitelist spots for Jungle’s Genesis mint — though you must connect your wallet and Discord to be eliglible.
Additionally, there is a Monthly Leaderboard on FTW’s Jungle Discord, where your Finals scores accumulate throughout the month. Players who perform well can qualify for boosted rewards.
How to Get Started:
Additional Features:
🎯 Auto-Aim: FTW lets you choose between manual and auto-aim in its settings. While it may burn through your bullets, personally I’d recommend auto.
💥 Hero Ultimates: Each hero has a unique ultimate ability like airstrikes, poison gas, or shock blasts, which charges up as the match goes on and you rack up more stats.
🧰 Hero and Weapon Upgrades: XP will be earned as you play, alongside crates offering unique boosts which can be used to upgrade your heroes and weapons, increasing traits like their resilience, precision, and speed.
How to Earn:
FTW’s tournaments are where the money’s made, and these events are split into Qualifiers and Finals:
📲 Download FTW: The game is available on the iOS App Store and Google Play in early access worldwide.
✅ Sign Up: Once downloaded, create your account through your email or Google.
🔗 Link Your Account: To qualify for rewards, join the Jungle Discord and complete your profile under the profile channel by linking your FTW account (a code will be provided in the app) and Solana wallet.
🏆 Join Tournaments: Participate in weekly Qualifiers to earn points, and use tickets to join the weekend Finals for a shot at the prizes.
And that's all it takes to get started here!
With mobile games feeling ripe for crypto adoption by augmenting their casual gameplay with onchain rewards, Jungle looks to be flying under the radar as a studio to watch.
Move quickly, though! The last Qualifiers for this first “Play-to-Mint” tournament end on September 27th, though we can expect more down the line.
✍️ by wmpeaster
2 months ago
🇩🇪 German MP Joana Cotar said she would distribute Bitcoin books to her colleagues in parliament.
"We will be happy to distribute the remaining copies here in the Bundestag."
"We will be happy to distribute the remaining copies here in the Bundestag."
2 months ago
🚨 BlackRock recently adjusted its custody agreement for its spot ETF #Bitcoin with Coinbase, aiming to improve withdrawal times.
One of the major points of this amendment is the requirement for Coinbase to process withdrawals from #Bitcoin to a public address within 12 hours of receiving instructions.
This means that as soon as an ETF holder wants to withdraw their #Bitcoin , Coinbase, as the custodian, will have to execute this transaction within a relatively short period of time.
One of the major points of this amendment is the requirement for Coinbase to process withdrawals from #Bitcoin to a public address within 12 hours of receiving instructions.
This means that as soon as an ETF holder wants to withdraw their #Bitcoin , Coinbase, as the custodian, will have to execute this transaction within a relatively short period of time.
3 months ago
📂 BlackRock publishes a report called “Bitcoin: A Unique Diversification”.
Bitcoin is seen as an asset with unique characteristics that can serve as an effective means of diversification in a context of growing global instability.
“Bitcoin, with its high volatility, is clearly a ‘risky’ asset in its own right. However, most of the risk and potential return factors that bitcoin faces are fundamentally different from traditional ‘risky’ assets, making it unsuitable for most traditional financial markets.”
Bitcoin is seen as an asset with unique characteristics that can serve as an effective means of diversification in a context of growing global instability.
“Bitcoin, with its high volatility, is clearly a ‘risky’ asset in its own right. However, most of the risk and potential return factors that bitcoin faces are fundamentally different from traditional ‘risky’ assets, making it unsuitable for most traditional financial markets.”
3 months ago
♦️MUMMAT POKER TOURNAMENT♥️
🗓️Day: September 13th.
⏰Time: 22:00 (UTC+2).
✅ Place: https://t.me/MummatSolana
New poker tournament for our community! It’s time to face off, see who’s the best, and build some real brotherhood.
300k $MUMMAT for the WINNERS 🏆 Don’t miss out!
#MUMMAT
🗓️Day: September 13th.
⏰Time: 22:00 (UTC+2).
✅ Place: https://t.me/MummatSolana
New poker tournament for our community! It’s time to face off, see who’s the best, and build some real brotherhood.
300k $MUMMAT for the WINNERS 🏆 Don’t miss out!
#MUMMAT
4 months ago
Nigerian crypto advocate James Utudor is suing government officials, including the president, to challenge digital asset restrictions. The lawsuit aims to restore Nigerians' access to crypto and protect fundamental rights. Nigeria ranks fourth globally in crypto users.
4 months ago
Daily Memecoin Recap - August 4
Market is in shambles as $btc breaks key support
- $70k to $52k (-25% from the recent high)
Runners Of The Day
$bane -> hit $3 .7m, CTO, cute dog, coordinated pushed by KOLs
$btw -> hit $3 .25m, a banana taped to a wall, also a coordinated push by influencers, good volume
$matsu -> hit $1 .1m, cute cat, $billy vibes, but a cat instead of a dog
Slerf Team Announces They Will CTO A Coin
$oodles -> hit $10m , pumped based on speculation that this is the coin that $slerf team is CTO'ing
Market Dumping
$depressio -> hit $840k , depressed beta to $retardio since market is tanking
$bubu -> hit $320k , beta to $bobo the bear, CTO
$job -> hit $250k , "McDonalds Job Application"
High MC coins take a hit
$scf , $billy , $fwog , $wolf , $michi , $popcat , $ponke , $giga , $bome
- All of these coins have decreased substantially from their ATH
More Cooks
$berd -> hit $680k , CTO
$karris -> hit $520k , redacted KamalaHarris
, relaunch that previously hit $4 .4m
$fu -> hit $470k , "fed up", cat meme, CTO
$archie -> hit $328k , CTO, " The OG $bane "
$bull -> hit $305k , "I'm Bullish"
$mpr -> hit $273k , "Meme Power Rangers"
$job -> hit $250k , "McDonalds Job Application"
$nappy -> hit $230k
Whenever the market is dead, instead of forcing trades, take the time to hone in on your skills: TA, fundamental analysis, recognizing patterns, etc.
Market is in shambles as $btc breaks key support
- $70k to $52k (-25% from the recent high)
Runners Of The Day
$bane -> hit $3 .7m, CTO, cute dog, coordinated pushed by KOLs
$btw -> hit $3 .25m, a banana taped to a wall, also a coordinated push by influencers, good volume
$matsu -> hit $1 .1m, cute cat, $billy vibes, but a cat instead of a dog
Slerf Team Announces They Will CTO A Coin
$oodles -> hit $10m , pumped based on speculation that this is the coin that $slerf team is CTO'ing
Market Dumping
$depressio -> hit $840k , depressed beta to $retardio since market is tanking
$bubu -> hit $320k , beta to $bobo the bear, CTO
$job -> hit $250k , "McDonalds Job Application"
High MC coins take a hit
$scf , $billy , $fwog , $wolf , $michi , $popcat , $ponke , $giga , $bome
- All of these coins have decreased substantially from their ATH
More Cooks
$berd -> hit $680k , CTO
$karris -> hit $520k , redacted KamalaHarris
, relaunch that previously hit $4 .4m
$fu -> hit $470k , "fed up", cat meme, CTO
$archie -> hit $328k , CTO, " The OG $bane "
$bull -> hit $305k , "I'm Bullish"
$mpr -> hit $273k , "Meme Power Rangers"
$job -> hit $250k , "McDonalds Job Application"
$nappy -> hit $230k
Whenever the market is dead, instead of forcing trades, take the time to hone in on your skills: TA, fundamental analysis, recognizing patterns, etc.
4 months ago
"[Ethereum] is the fundamental platform for rewiring the internet..." --
Matt_Hougan of BitwiseInvest
Here's how he first pitches ETH to Wall Street 👇
Matt_Hougan of BitwiseInvest
Here's how he first pitches ETH to Wall Street 👇
4 months ago
Russian parliament has passed a bill allowing businesses to use Bitcoin and cryptocurrencies in international trade - Reuters
4 months ago
⚖️ The SEC has notified Binance that it intends to seek leave to amend its complaint, including “third-party crypto asset securities” as defined in the Motion to Dismiss.
As a reminder, the SEC sued Binance, defining SOL, ADA, MATIC, FIL, ATOM, SAND, MANA, ALGO, AXS and COTI as securities. This amendment could modify these definitions.
As a reminder, the SEC sued Binance, defining SOL, ADA, MATIC, FIL, ATOM, SAND, MANA, ALGO, AXS and COTI as securities. This amendment could modify these definitions.
4 months ago
July 19th’s devastating IT outage left hundreds of businesses across the world scrambling to provide basic services. A software bug that was prematurely pushed to production wrought havoc across the globe, temporarily shutting down banks, airlines, and essential services.
Cryptocurrency may not have been a solution to this particular problem, but the event still exposed the vulnerabilities and flaws of our reliance on centralized infrastructure.
What makes DePINs more resilient than centralized alternatives and why is Solana so well-equipped to support decentralized infrastructure?
SECURITY THROUGH DECENTRALIZATION
One of the fundamental staples of the cryptocurrency industry, decentralization is key to avoiding singular points of failure. Drawing resources and infrastructure from distributed sources makes any entity vastly more robust.
Despite detractors arguing that the network is dangerously centralized, Solana has proven its critics wrong, establishing itself as one of the industry’s most decentralized blockchains. A common and admittedly simplified measure of network decentralization, Solana boasts a Nakamoto Coefficient that surpasses the bulk of its rivals.
However, where Solana gains its edge is through the development of alternative validator clients. Barring Ethereum, most Layer One blockchains rely on one sole validator client. Ironically, if a software bug was pushed to production, as was the case with the CrowdStrike outage, these blockchains could also fall victim to a complete network outage.
On the other hand, Solana is on track to eliminate this vulnerability. The network currently hosts two independent validator clients. Solana’s network resilience will go to new heights with the deployment of Jump Crypto’s Firedancer client, which completely rewrites the network into a different programming language from scratch, eliminating the risk of one bug affecting various clients.
Not only is Solana becoming more decentralized by the day, but the network’s thriving DePIN sector is witnessing unrivaled adoption.
SOLANA LEADS REAL WORLD DePIN ADOPTION
Crypto’s DePIN sector is vague. Despite deploying zero infrastructure and offering no proof-of-concept, hundreds of different projects are categorized as DePIN protocols by various blockchain data sites.
For example, CoinMarketCap’s DePIN category features over 140 different DePIN projects but includes Layer 1 blockchains like Internet Computer (ICP). DePinScan, a research tool operated by IoTeX, lists 262 DePin cryptocurrency projects. Other resources, like EV3’s depin.ninja platform, suggests over 300 DePIN protocols are being built on Ethereum alone.
With such ambiguity surrounding what defines a DePIN network, how can we track the manner in which DePINs are actually being deployed and used?
Physical Infrastructure. Among hundreds of supposed DePIN projects, which protocols can individuals see first-hand through real-world devices or Proof-of-Concept?
According to EV3, Solana-based projects dominate their competitors in terms of active node deployments, with projects like Helium, Hivemapper, and Natix each operating hundreds of thousands of devices.
Courtesy of its unmatched scalability and performance, the Solana network is a natural choice for businesses looking to deploy DePINs. In the current blockchain landscape, no other blockchain is adequately equipped to support the data transmission of hundreds of thousands of devices without suffering debilitating latency issues and gas spikes.
Additionally, Solana benefits from the widespread use of mobile devices. Solana Saga, the network’s Web 3 phone, sold out following a collaboration with BONK and the second iteration has been preordered over 140,000 times.
With the future of the internet expected to be driven by mobile-first usage, the Solana network is ideally placed to establish itself as the leading chain for DePIN protocols.
Cryptocurrency may not have been a solution to this particular problem, but the event still exposed the vulnerabilities and flaws of our reliance on centralized infrastructure.
What makes DePINs more resilient than centralized alternatives and why is Solana so well-equipped to support decentralized infrastructure?
SECURITY THROUGH DECENTRALIZATION
One of the fundamental staples of the cryptocurrency industry, decentralization is key to avoiding singular points of failure. Drawing resources and infrastructure from distributed sources makes any entity vastly more robust.
Despite detractors arguing that the network is dangerously centralized, Solana has proven its critics wrong, establishing itself as one of the industry’s most decentralized blockchains. A common and admittedly simplified measure of network decentralization, Solana boasts a Nakamoto Coefficient that surpasses the bulk of its rivals.
However, where Solana gains its edge is through the development of alternative validator clients. Barring Ethereum, most Layer One blockchains rely on one sole validator client. Ironically, if a software bug was pushed to production, as was the case with the CrowdStrike outage, these blockchains could also fall victim to a complete network outage.
On the other hand, Solana is on track to eliminate this vulnerability. The network currently hosts two independent validator clients. Solana’s network resilience will go to new heights with the deployment of Jump Crypto’s Firedancer client, which completely rewrites the network into a different programming language from scratch, eliminating the risk of one bug affecting various clients.
Not only is Solana becoming more decentralized by the day, but the network’s thriving DePIN sector is witnessing unrivaled adoption.
SOLANA LEADS REAL WORLD DePIN ADOPTION
Crypto’s DePIN sector is vague. Despite deploying zero infrastructure and offering no proof-of-concept, hundreds of different projects are categorized as DePIN protocols by various blockchain data sites.
For example, CoinMarketCap’s DePIN category features over 140 different DePIN projects but includes Layer 1 blockchains like Internet Computer (ICP). DePinScan, a research tool operated by IoTeX, lists 262 DePin cryptocurrency projects. Other resources, like EV3’s depin.ninja platform, suggests over 300 DePIN protocols are being built on Ethereum alone.
With such ambiguity surrounding what defines a DePIN network, how can we track the manner in which DePINs are actually being deployed and used?
Physical Infrastructure. Among hundreds of supposed DePIN projects, which protocols can individuals see first-hand through real-world devices or Proof-of-Concept?
According to EV3, Solana-based projects dominate their competitors in terms of active node deployments, with projects like Helium, Hivemapper, and Natix each operating hundreds of thousands of devices.
Courtesy of its unmatched scalability and performance, the Solana network is a natural choice for businesses looking to deploy DePINs. In the current blockchain landscape, no other blockchain is adequately equipped to support the data transmission of hundreds of thousands of devices without suffering debilitating latency issues and gas spikes.
Additionally, Solana benefits from the widespread use of mobile devices. Solana Saga, the network’s Web 3 phone, sold out following a collaboration with BONK and the second iteration has been preordered over 140,000 times.
With the future of the internet expected to be driven by mobile-first usage, the Solana network is ideally placed to establish itself as the leading chain for DePIN protocols.
4 months ago
Breaking new all-time highs in TVL every month this year, Solana LSTs (Liquid Staking Tokens) have established themselves as one of the fundamental pillars of the ecosystem.
Yet, despite its growing popularity and the wealth of benefits, only 6.4% of all staked SOL is liquid staked, suggesting plenty of Solana users still have some lingering questions about LSTs.
What is liquid staking on Solana? How do Solana LSTs work and why should Solana users consider leveraging LSTs to optimize their DeFi strategies?
With one of Solana's longest-standing protocols launching liquid staking services, there's never been a better time to refresh your knowledge.
What is Liquid Staking MEV?
MEV, or Maximum Extractable Value, is an umbrella term that covers a range of profit-generation strategies and arbitrage opportunities that occur within block production.
For example, by rearranging the order of transactions within a processing queue, MEV tools can profit from mismatched prices in liquidity pools across different DEXes. Some Liquid Staking providers, like Jito, eliminate MEV spam transactions and pass these rewards on to stakers, effectively boosting their staking rewards.
To date, Jito has captured over 31,000 SOL in MEV fees, sharing a percentage of these fees with over 100,000 active accounts who liquid stake their SOL tokens through the Jito protocol.
What are the Benefits of Liquid Staking?
Liquid staking has become a key component of Solana’s DeFi landscape, and for good reason. Here’s why:
1. Earn staking rewards without locking SOL - Solana LSTs make it possible to continue earning generous staking rewards, without losing immediate access to your staked assets.
2. Expanded liquidity and DeFi strategies - Users can leverage their LSTs to capitalize on DeFi yield generation strategies, while still earning staking rewards.
3. Contribute to Solana’s security and decentralization - By liquid staking SOL tokens, users help to further decentralize and secure the Solana network by delegating SOL across a variety of validators.
What are the risks of liquid Staking?
While there are plenty of reasons to use liquid staking on Solana, it’s not without its flaws. Some of the risks associated with Solana LSTs include:
Smart contract risk - LST protocols rely on smart contracts to operate. If any of these contracts is exploited by a malicious actor, stakers could be a
risk of losing their funds.
LST price depeg - Despite typically maintaining their pegged value, LST tokens on other blockchains have fallen victim to temporary price depegs in the past. This could be problematic during black swan events or periods of market turmoil.
Where Can I Liquid Stake my SOL Tokens?
Now that you’ve got a better understanding of how liquid staking on Solana works, let’s recap some of the most reliable and trustworthy liquid staking providers in the market
ANNOUNCING STEPSOL - POWERED BY STEP FINANCE & SANCTUM
STEPSOL
Entering Solana's flourishing LST landscape for the first time, Step Finance is one of the oldest Solana applications in the ecosystem. Doubling as an intuitive portfolio dashboard and a comprehensive DeFi and NFT analytics platform, Step recently expanded its extensive product offering to include its LST, stepSOL.
On top of earning generous APY, stepSOL holders are also eligible to earn additional STEP Reward Options, which are claimable every five days via the Step Finance dashboard. Stakers who've already delegated their SOL to the Step Validator can head to Sanctum's Stake Accounts page and convert their stake account to stepSOL.
What's more, Step Finance has partnered with Meteora and will be offering incentivized rewards through the following pools:
•STEP/stepSOL
•xSTEP/stepSOL
•stepSOL/edgeSOL
Yet, despite its growing popularity and the wealth of benefits, only 6.4% of all staked SOL is liquid staked, suggesting plenty of Solana users still have some lingering questions about LSTs.
What is liquid staking on Solana? How do Solana LSTs work and why should Solana users consider leveraging LSTs to optimize their DeFi strategies?
With one of Solana's longest-standing protocols launching liquid staking services, there's never been a better time to refresh your knowledge.
What is Liquid Staking MEV?
MEV, or Maximum Extractable Value, is an umbrella term that covers a range of profit-generation strategies and arbitrage opportunities that occur within block production.
For example, by rearranging the order of transactions within a processing queue, MEV tools can profit from mismatched prices in liquidity pools across different DEXes. Some Liquid Staking providers, like Jito, eliminate MEV spam transactions and pass these rewards on to stakers, effectively boosting their staking rewards.
To date, Jito has captured over 31,000 SOL in MEV fees, sharing a percentage of these fees with over 100,000 active accounts who liquid stake their SOL tokens through the Jito protocol.
What are the Benefits of Liquid Staking?
Liquid staking has become a key component of Solana’s DeFi landscape, and for good reason. Here’s why:
1. Earn staking rewards without locking SOL - Solana LSTs make it possible to continue earning generous staking rewards, without losing immediate access to your staked assets.
2. Expanded liquidity and DeFi strategies - Users can leverage their LSTs to capitalize on DeFi yield generation strategies, while still earning staking rewards.
3. Contribute to Solana’s security and decentralization - By liquid staking SOL tokens, users help to further decentralize and secure the Solana network by delegating SOL across a variety of validators.
What are the risks of liquid Staking?
While there are plenty of reasons to use liquid staking on Solana, it’s not without its flaws. Some of the risks associated with Solana LSTs include:
Smart contract risk - LST protocols rely on smart contracts to operate. If any of these contracts is exploited by a malicious actor, stakers could be a
risk of losing their funds.
LST price depeg - Despite typically maintaining their pegged value, LST tokens on other blockchains have fallen victim to temporary price depegs in the past. This could be problematic during black swan events or periods of market turmoil.
Where Can I Liquid Stake my SOL Tokens?
Now that you’ve got a better understanding of how liquid staking on Solana works, let’s recap some of the most reliable and trustworthy liquid staking providers in the market
ANNOUNCING STEPSOL - POWERED BY STEP FINANCE & SANCTUM
STEPSOL
Entering Solana's flourishing LST landscape for the first time, Step Finance is one of the oldest Solana applications in the ecosystem. Doubling as an intuitive portfolio dashboard and a comprehensive DeFi and NFT analytics platform, Step recently expanded its extensive product offering to include its LST, stepSOL.
On top of earning generous APY, stepSOL holders are also eligible to earn additional STEP Reward Options, which are claimable every five days via the Step Finance dashboard. Stakers who've already delegated their SOL to the Step Validator can head to Sanctum's Stake Accounts page and convert their stake account to stepSOL.
What's more, Step Finance has partnered with Meteora and will be offering incentivized rewards through the following pools:
•STEP/stepSOL
•xSTEP/stepSOL
•stepSOL/edgeSOL
5 months ago
TRUMP OR BIDEN - WHO’S BETTER FOR CRYPTO?
As November’s critical election draws closer one presidential candidate has made his pro-crypto stance abundantly clear, but have any promises or policies been made?
For the first time in the nation’s history, crypto policy will take center stage and play a crucial role in the U.S. Presidential race. With over 52M cryptocurrency owners in the country, according to a Coinbase report, winning the crypto vote could well mean the difference between sitting in the Oval Office and hanging up your Campaign tie for another four years.
Where do Trump and Biden stand on crypto? Will Biden attempt to make amends for Gary Gensler’s crypto crusade? Will Trump, the self-proclaimed ‘crypto president’ deliver on his claims?
BIDEN’S STANCE OVER THE YEARS
The Biden Administration has hardly been crypto-friendly in the last four years. Under Biden’s watch, Securities and Exchanges Commission Chair Gary Gensler has led a merciless campaign against the digital asset industry, serving lawsuits to crypto companies left, right, and center.
Gary Gensler hasn’t been alone in his fight against cryptocurrency. Senator Elizabeth Warren has strongly advocated against cryptocurrencies in the past, frequently using individual examples to paint the entire industry in a bad light.
With November only four months away, the Biden administration’s stance on crypto hasn't changed. A recent Statement of Administration Policy declared that the Administration was against passing H.R. 4763, a proposed regulatory framework for digital assets.
The decision was made due to the belief that “H.R. 4763 in its current form lacks sufficient protections for consumers and investors who engage in certain digital asset transactions.”
Despite refusing the framework, the Biden Administration maintains that it “is eager to work with Congress to ensure a comprehensive and balanced regulatory framework for digital assets, building on existing authorities, which will promote the responsible development of digital assets and payment innovation and help reinforce United States leadership in the global financial system.”
DONALD TRUMP - THE ‘CRYPTO PRESIDENT’
Despite calling Bitcoin a ‘scam against the dollar’ back in 2021, Trump seems to have changed his tune on cryptocurrency. In a recent tech fundraiser event in San Francisco, Trump has rebranded himself as the ‘crypto president' evidently trying to win the vote of the nation’s population on digital asset holders.
Trump’s dramatic change of heart toward the cryptocurrency world has even made its way onchain. Arkham Intelligence, a popular blockchain analysis and tracking tool claims to have identified Trump’s crypto wallet, which holds over $7 .9M of digital assets. The former President has also shown a penchant for NFTs having launched several Trump Digital Trading Card collections.
More recently, Trump has promised to “end Biden’s War on Crypto”. The Republic candidate has further declared that he is “very positive and open minded to cryptocurrency companies”. Aligning himself with the Bitcoin faithful, Trump views Bitcoin as “our last line of defense against a CBDC”.
These views align with Republican Senator Bill Hagerty, who expressed that a CBDC is “the last thing I think we need as a nation” and “would be very detrimental to our economy, to the dollar and certainly to innovation in this space” during a recent interview with Solana Head of Strategy Austin Federa.
As November’s critical election draws closer one presidential candidate has made his pro-crypto stance abundantly clear, but have any promises or policies been made?
For the first time in the nation’s history, crypto policy will take center stage and play a crucial role in the U.S. Presidential race. With over 52M cryptocurrency owners in the country, according to a Coinbase report, winning the crypto vote could well mean the difference between sitting in the Oval Office and hanging up your Campaign tie for another four years.
Where do Trump and Biden stand on crypto? Will Biden attempt to make amends for Gary Gensler’s crypto crusade? Will Trump, the self-proclaimed ‘crypto president’ deliver on his claims?
BIDEN’S STANCE OVER THE YEARS
The Biden Administration has hardly been crypto-friendly in the last four years. Under Biden’s watch, Securities and Exchanges Commission Chair Gary Gensler has led a merciless campaign against the digital asset industry, serving lawsuits to crypto companies left, right, and center.
Gary Gensler hasn’t been alone in his fight against cryptocurrency. Senator Elizabeth Warren has strongly advocated against cryptocurrencies in the past, frequently using individual examples to paint the entire industry in a bad light.
With November only four months away, the Biden administration’s stance on crypto hasn't changed. A recent Statement of Administration Policy declared that the Administration was against passing H.R. 4763, a proposed regulatory framework for digital assets.
The decision was made due to the belief that “H.R. 4763 in its current form lacks sufficient protections for consumers and investors who engage in certain digital asset transactions.”
Despite refusing the framework, the Biden Administration maintains that it “is eager to work with Congress to ensure a comprehensive and balanced regulatory framework for digital assets, building on existing authorities, which will promote the responsible development of digital assets and payment innovation and help reinforce United States leadership in the global financial system.”
DONALD TRUMP - THE ‘CRYPTO PRESIDENT’
Despite calling Bitcoin a ‘scam against the dollar’ back in 2021, Trump seems to have changed his tune on cryptocurrency. In a recent tech fundraiser event in San Francisco, Trump has rebranded himself as the ‘crypto president' evidently trying to win the vote of the nation’s population on digital asset holders.
Trump’s dramatic change of heart toward the cryptocurrency world has even made its way onchain. Arkham Intelligence, a popular blockchain analysis and tracking tool claims to have identified Trump’s crypto wallet, which holds over $7 .9M of digital assets. The former President has also shown a penchant for NFTs having launched several Trump Digital Trading Card collections.
More recently, Trump has promised to “end Biden’s War on Crypto”. The Republic candidate has further declared that he is “very positive and open minded to cryptocurrency companies”. Aligning himself with the Bitcoin faithful, Trump views Bitcoin as “our last line of defense against a CBDC”.
These views align with Republican Senator Bill Hagerty, who expressed that a CBDC is “the last thing I think we need as a nation” and “would be very detrimental to our economy, to the dollar and certainly to innovation in this space” during a recent interview with Solana Head of Strategy Austin Federa.
5 months ago
What's the Deal with MegaETH? 🤔
The upcoming Vitalik-backed L2 wants to be the 'real-time Ethereum'
What's its plan? Find out 👇
MegaETH, an upcoming L2 branded as the “real-time Ethereum” boasting sub-millisecond latency and capable of processing over 100k transactions per seco nd (TPS), just announced that it has received $20M in seed funding at a $100M + valuation!
The big names involved have attracted some major attention to the upstart chain.
Today, we’re discussing how MegaETH is innovating on contemporary Ethereum Virtual Machine (EVM) blockchain implementations to provide industry-leading performance capabilities and decentralization guarantees.
⭐️ What Makes MegaETH Special
High-performance alt L1s require their nodes to perform identical tasks without specialization, imposing a fundamental tradeoff between performance and decentralization. In comparison, MegaETH takes advantage of Ethereum’s L2s technology to create differentiated roles for nodes with varying hardware requirements.
MegaETH decouples the task of transaction processing from full nodes and creates three major roles for infrastructure operators: sequencers, provers, and full nodes. Although actual block production becomes increasingly centralized with MegaETH, flexible hardware requirements from node specialization ensures trustless block validation and could provide industry-leading decentralization guarantees.
A single active MegaETH sequencer will be responsible for ordering and executing user transactions, eliminating the consensus process during normal operations, and will pass state differences (i.e.; changes to the blockchain’s state) to full nodes via a peer-to-peer network, who then apply the state diffs to update their local state. Notably, MegaETH transactions are not re-executed by full nodes to verify block integrity; they instead validate blocks indirectly using proofs provided by the prover.
While blockchains have frequently turned to one-off solutions like parallelization in their pursuit of scale, enabling transactions touching different parts of state to be processed simultaneously on multiple CPU cores, the benefits of this specific approach are limited by the fact that many transactions contain dependencies, resulting in only modest boosts from parallelization for blockchain speed.
Such ambitions necessitate scaling node hardware to its limits while preserving decentralization (achieved through specialization) and require the creation of a system innately designed to approach the theoretical upper performance limit for a decentralized blockchain.
To this end, the MegaETH sequencer will store the entirety of its state in-memory and be the first blockchain to implement in-memory compute, a critical feature for high-performance Web2 applications that should enable MegaETH to accelerate state access by 1,000x compared to alternative solid state drive storage methods utilized by competitors.
🧐 Closing Thoughts
The significant performance improvements targeted by MegaETH over contemporary EVM implementations should provide a major boost to L2 performance and could finally produce a decentralized blockchain capable of handling real-world adoption!
Although some contend that MegaETH is best suited as a competitor against an Ethereum ecosystem largely uninterested in scaling its base layer, the optimizations achieved by MegaETH are made possible solely through its ability to outsource security and censorship resistance to existing decentralized networks, like Ethereum and EigenLayer.
Written by JackInabinet
The upcoming Vitalik-backed L2 wants to be the 'real-time Ethereum'
What's its plan? Find out 👇
MegaETH, an upcoming L2 branded as the “real-time Ethereum” boasting sub-millisecond latency and capable of processing over 100k transactions per seco nd (TPS), just announced that it has received $20M in seed funding at a $100M + valuation!
The big names involved have attracted some major attention to the upstart chain.
Today, we’re discussing how MegaETH is innovating on contemporary Ethereum Virtual Machine (EVM) blockchain implementations to provide industry-leading performance capabilities and decentralization guarantees.
⭐️ What Makes MegaETH Special
High-performance alt L1s require their nodes to perform identical tasks without specialization, imposing a fundamental tradeoff between performance and decentralization. In comparison, MegaETH takes advantage of Ethereum’s L2s technology to create differentiated roles for nodes with varying hardware requirements.
MegaETH decouples the task of transaction processing from full nodes and creates three major roles for infrastructure operators: sequencers, provers, and full nodes. Although actual block production becomes increasingly centralized with MegaETH, flexible hardware requirements from node specialization ensures trustless block validation and could provide industry-leading decentralization guarantees.
A single active MegaETH sequencer will be responsible for ordering and executing user transactions, eliminating the consensus process during normal operations, and will pass state differences (i.e.; changes to the blockchain’s state) to full nodes via a peer-to-peer network, who then apply the state diffs to update their local state. Notably, MegaETH transactions are not re-executed by full nodes to verify block integrity; they instead validate blocks indirectly using proofs provided by the prover.
While blockchains have frequently turned to one-off solutions like parallelization in their pursuit of scale, enabling transactions touching different parts of state to be processed simultaneously on multiple CPU cores, the benefits of this specific approach are limited by the fact that many transactions contain dependencies, resulting in only modest boosts from parallelization for blockchain speed.
Such ambitions necessitate scaling node hardware to its limits while preserving decentralization (achieved through specialization) and require the creation of a system innately designed to approach the theoretical upper performance limit for a decentralized blockchain.
To this end, the MegaETH sequencer will store the entirety of its state in-memory and be the first blockchain to implement in-memory compute, a critical feature for high-performance Web2 applications that should enable MegaETH to accelerate state access by 1,000x compared to alternative solid state drive storage methods utilized by competitors.
🧐 Closing Thoughts
The significant performance improvements targeted by MegaETH over contemporary EVM implementations should provide a major boost to L2 performance and could finally produce a decentralized blockchain capable of handling real-world adoption!
Although some contend that MegaETH is best suited as a competitor against an Ethereum ecosystem largely uninterested in scaling its base layer, the optimizations achieved by MegaETH are made possible solely through its ability to outsource security and censorship resistance to existing decentralized networks, like Ethereum and EigenLayer.
Written by JackInabinet
5 months ago
🚨 Here is the TOP 20 tokens from Grayscale Research for the coming quarter:
Grayscale Research has selected 20 tokens with “high potential for the coming quarter,” selected with consideration of “upcoming catalysts, trending market themes, and token-specific fundamentals.” »
https://www.grayscale.com/...
Grayscale Research has selected 20 tokens with “high potential for the coming quarter,” selected with consideration of “upcoming catalysts, trending market themes, and token-specific fundamentals.” »
https://www.grayscale.com/...
5 months ago
Crypto in 2024: Mid-Year Reflections
4 takeaways 👇
Crypto moves fast – like blink-and-you-missed-it fast.
The first half of this year has been no different, with new chains and applications emerging daily and the crypto industry gaining mainstream acceptance in the financial world.
Amid the Twitter echo chambers and the frenzy of bull market price action, it's easy to lose sight of the bigger picture. So, let's zoom out and focus on the signal amid the noise.
TL;DR Crypto is just getting started; don't get shaken out.
Today, we’ll take a step back to reflect on the key developments of H1 2024, exploring the significant events and trends that highlight the progress we've made this year. 👇
1️⃣ Crypto is now mainstream
Remember the days when crypto was a niche plaything for cypherpunks? Those days are well over.
In the first half of 2024, crypto broke through to the mainstream with a vengeance.
The turning point was the long-awaited approval of spot Bitcoin ETFs in January. Suddenly, Wall Street had a comfortable on-ramp to crypto, and they took it in a big way. Eleven ETFs launched in one day, and volumes broke records.
And it didn’t stop at Bitcoin. The SEC finally greenlit eight spot ETH ETFs in May, further validating the entire crypto ecosystem, and opening the door for even broader institutional adoption.
2️⃣ Crypto Adoption Accelerating
Crypto adoption is accelerating at a remarkable pace. The number of active users across blockchains is up big time, hitting an all-time high of 42.92 million active addresses in April.
Another factor is the resurgence of DeFi. DeFi activity and mindshare are on the rise again, signaling a renewed interest and activity onchain, one that's moving beyond simple speculation to perhaps some real-world utility, like in the form of stablecoins for payments and asset tokenization for RWAs such as government securities.
The momentum is clear: more people are coming onchain, and they're finding more reasons to stay.
3️⃣ Ethereum Still Dominant, But Solana Rising
Ethereum remains the dominant force in crypto. Over 60% of the total value locked in DeFi sits on Ethereum, a testament to the lindy ecosystem, which acts as a foundation for countless applications and chains.
This dominance is not just a matter of capital but also technological progress on the roadmap. Ethereum is scaling through L2s like Base who have seen robust adoption this year, and thanks to the most recent Dencun upgrade, offer users significantly lowered gas fees.
Moreover, Solana’s innovation engine is running hot. Tech advancements like zk-compression and user-friendly features like Blinks are setting the stage for broader adoption, and we can see that Solana’s network effects are taking root in real time.
Make no mistake: Ethereum isn't going anywhere. Its established network effects and vast developer community ensure its continued importance in crypto. But Solana's impressive strides can't be ignored. Both ecosystems are thriving, each in its unique way. This parallel adoption is a win for crypto users, as it accelerates innovations and drives the entire industry forward.
4️⃣ More Chop Ahead, Then Up-Only
Bitcoin broke its all-time high in March, briefly breaching the $70 ,000 mark. While that party seemed to end pretty abruptly, let's not get carried away. This bull market is far from over.
The long-awaited ETH ETFs are nearly here, interest rate cuts are likely on the way, and crypto will likely continue to earn a place on the national stage during the U.S. elections with potential positive policy shifts in play.
💭 Closing Thoughts
So, has the first half of 2024 been all smooth sailing for crypto? Not quite.
The bull market must go
4 takeaways 👇
Crypto moves fast – like blink-and-you-missed-it fast.
The first half of this year has been no different, with new chains and applications emerging daily and the crypto industry gaining mainstream acceptance in the financial world.
Amid the Twitter echo chambers and the frenzy of bull market price action, it's easy to lose sight of the bigger picture. So, let's zoom out and focus on the signal amid the noise.
TL;DR Crypto is just getting started; don't get shaken out.
Today, we’ll take a step back to reflect on the key developments of H1 2024, exploring the significant events and trends that highlight the progress we've made this year. 👇
1️⃣ Crypto is now mainstream
Remember the days when crypto was a niche plaything for cypherpunks? Those days are well over.
In the first half of 2024, crypto broke through to the mainstream with a vengeance.
The turning point was the long-awaited approval of spot Bitcoin ETFs in January. Suddenly, Wall Street had a comfortable on-ramp to crypto, and they took it in a big way. Eleven ETFs launched in one day, and volumes broke records.
And it didn’t stop at Bitcoin. The SEC finally greenlit eight spot ETH ETFs in May, further validating the entire crypto ecosystem, and opening the door for even broader institutional adoption.
2️⃣ Crypto Adoption Accelerating
Crypto adoption is accelerating at a remarkable pace. The number of active users across blockchains is up big time, hitting an all-time high of 42.92 million active addresses in April.
Another factor is the resurgence of DeFi. DeFi activity and mindshare are on the rise again, signaling a renewed interest and activity onchain, one that's moving beyond simple speculation to perhaps some real-world utility, like in the form of stablecoins for payments and asset tokenization for RWAs such as government securities.
The momentum is clear: more people are coming onchain, and they're finding more reasons to stay.
3️⃣ Ethereum Still Dominant, But Solana Rising
Ethereum remains the dominant force in crypto. Over 60% of the total value locked in DeFi sits on Ethereum, a testament to the lindy ecosystem, which acts as a foundation for countless applications and chains.
This dominance is not just a matter of capital but also technological progress on the roadmap. Ethereum is scaling through L2s like Base who have seen robust adoption this year, and thanks to the most recent Dencun upgrade, offer users significantly lowered gas fees.
Moreover, Solana’s innovation engine is running hot. Tech advancements like zk-compression and user-friendly features like Blinks are setting the stage for broader adoption, and we can see that Solana’s network effects are taking root in real time.
Make no mistake: Ethereum isn't going anywhere. Its established network effects and vast developer community ensure its continued importance in crypto. But Solana's impressive strides can't be ignored. Both ecosystems are thriving, each in its unique way. This parallel adoption is a win for crypto users, as it accelerates innovations and drives the entire industry forward.
4️⃣ More Chop Ahead, Then Up-Only
Bitcoin broke its all-time high in March, briefly breaching the $70 ,000 mark. While that party seemed to end pretty abruptly, let's not get carried away. This bull market is far from over.
The long-awaited ETH ETFs are nearly here, interest rate cuts are likely on the way, and crypto will likely continue to earn a place on the national stage during the U.S. elections with potential positive policy shifts in play.
💭 Closing Thoughts
So, has the first half of 2024 been all smooth sailing for crypto? Not quite.
The bull market must go
6 months ago
The Open Network has been a rare rocket ship during choppy markets 🚀
Here's how you can get started with the chain 👇
It's been hard to miss the rise of $TON over the past few months
Thanks to its integration with Telegram
& persistent price action The Open Network ecosystem continues to gain traction rapidly
These are the most active areas in the ton_blockchain
:
🎮 Telegram-Based P2E Games
Gaming has become a stand-out feature for TON, first with Notcoin and now with other games like CatizenAI and Hamster Kombat.
In summary, gaming on TON, whether through Catizen or Hamster Kombat, offers some (very) simple entertainment and real-world rewards, making it an attractive option for early speculators.
🔒 Liquid-Stake your TON for additional rewards
Like most PoS ecosystems, liquid staking with Tonstakers or Bemo Finance lets you use your TON to earn additional rewards.
- bemo_finance is another non-custodial liquid staking protocol on TON. It allows users to stake TON tokens and receive $stTON tokens in return that can be freely used in DeFi and increase in value as staking rewards are earned.
Both Tonstakers and Bemo Finance offer excellent opportunities for users to earn rewards through staking, making them valuable tools for maximizing your TON holdings.
🫳 Swap tokens on DEXs
DEXs lie at the center of TON’s DeFi ecosystem to drive the network forward, particularly http://STON.fi and DeDust.
💰 Lend through money markets
Lending platforms on TON offer additional ways to leverage your assets and turn a profit.
- evaaprotocol is a lending platform on the TON network that allows users to lend and borrow assets like TON, stTON, $tsTON , and $USDT directly from Telegram.
With double-digit interest rates for TON and USDT, the platform stands out as a competitive option for participating in DeFi and earning additional yield on your TON — way higher than with staking! The protocol currently has an XP points program, which can be later burned in exchange for the $EVAA token when it launches.
-
daolama_ton offers NFT lending for TON, currently supporting over 35 collections. On the platform, users can choose an NFT they’d like to rent out in exchange for TON, create a proposal, and then, when confirmed, receive TON based on the proposal's guidelines. Additionally, DAOLama’s marketplace offers a Buy Now, Pay Later feature for NFTs, allowing you to purchase NFTs like Anonymous Telegram Numbers 👀 for 41 TON instead of 113 TON.
In conclusion, Evaa Protocol and DAOLama TON offer unique and user-friendly lending solutions, providing even more avenues for earning yield on TON.
🤑 Trade crypto derivatives
For fans of derivatives trading, TON comes ready for platforms for trading crypto assets on up to 50x leverage.
storm_trade_ton is a decentralized derivatives trading platform built on TON and directly integrated with Telegram. Accessible via a web app and Telegram bot, Storm Trade provides trading features like leverage up to x50, instant price updates, and trading pairs with collateral in TON and USDT.
In addition, Storm Trade offers opportunities to earn through tournaments or by providing liquidity. In their daily tournaments, users compete for Storm Trade NFTs, which will whitelist them for the exchange’s token at launch. In their vaults, users can provide liquidity to act as a counterparty to traders on the platform and earn 70% of protocol fees. This can all be done directly from Telegram, making trading available on the go.
Written by
davewardonline✍️
Here's how you can get started with the chain 👇
It's been hard to miss the rise of $TON over the past few months
Thanks to its integration with Telegram
& persistent price action The Open Network ecosystem continues to gain traction rapidly
These are the most active areas in the ton_blockchain
:
🎮 Telegram-Based P2E Games
Gaming has become a stand-out feature for TON, first with Notcoin and now with other games like CatizenAI and Hamster Kombat.
In summary, gaming on TON, whether through Catizen or Hamster Kombat, offers some (very) simple entertainment and real-world rewards, making it an attractive option for early speculators.
🔒 Liquid-Stake your TON for additional rewards
Like most PoS ecosystems, liquid staking with Tonstakers or Bemo Finance lets you use your TON to earn additional rewards.
- bemo_finance is another non-custodial liquid staking protocol on TON. It allows users to stake TON tokens and receive $stTON tokens in return that can be freely used in DeFi and increase in value as staking rewards are earned.
Both Tonstakers and Bemo Finance offer excellent opportunities for users to earn rewards through staking, making them valuable tools for maximizing your TON holdings.
🫳 Swap tokens on DEXs
DEXs lie at the center of TON’s DeFi ecosystem to drive the network forward, particularly http://STON.fi and DeDust.
💰 Lend through money markets
Lending platforms on TON offer additional ways to leverage your assets and turn a profit.
- evaaprotocol is a lending platform on the TON network that allows users to lend and borrow assets like TON, stTON, $tsTON , and $USDT directly from Telegram.
With double-digit interest rates for TON and USDT, the platform stands out as a competitive option for participating in DeFi and earning additional yield on your TON — way higher than with staking! The protocol currently has an XP points program, which can be later burned in exchange for the $EVAA token when it launches.
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daolama_ton offers NFT lending for TON, currently supporting over 35 collections. On the platform, users can choose an NFT they’d like to rent out in exchange for TON, create a proposal, and then, when confirmed, receive TON based on the proposal's guidelines. Additionally, DAOLama’s marketplace offers a Buy Now, Pay Later feature for NFTs, allowing you to purchase NFTs like Anonymous Telegram Numbers 👀 for 41 TON instead of 113 TON.
In conclusion, Evaa Protocol and DAOLama TON offer unique and user-friendly lending solutions, providing even more avenues for earning yield on TON.
🤑 Trade crypto derivatives
For fans of derivatives trading, TON comes ready for platforms for trading crypto assets on up to 50x leverage.
storm_trade_ton is a decentralized derivatives trading platform built on TON and directly integrated with Telegram. Accessible via a web app and Telegram bot, Storm Trade provides trading features like leverage up to x50, instant price updates, and trading pairs with collateral in TON and USDT.
In addition, Storm Trade offers opportunities to earn through tournaments or by providing liquidity. In their daily tournaments, users compete for Storm Trade NFTs, which will whitelist them for the exchange’s token at launch. In their vaults, users can provide liquidity to act as a counterparty to traders on the platform and earn 70% of protocol fees. This can all be done directly from Telegram, making trading available on the go.
Written by
davewardonline✍️
6 months ago
Oh, Crypto Jesus, hear our plea,
Solana’s full of scams, you see.
Sweep away the rugs and lies,
Clean it up, we're tired of cries.
No more pornstars, cut them short.
Their tokens make the space bizarre,
Send them off to a distant star.
Bless us, holders of $AMEN ,
Make us rich, again and again.
Let us swim in gold and glee,
With pet tigers, wild and free.
Touch the hearts of the jeets, we pray,
Convert them to hodl the right way.
Make the dev lose his keys or hands,
Stop him from making shady plans.
In the name of the Father, the Son, and the Holy Spirit,
$AMEN .
Solana’s full of scams, you see.
Sweep away the rugs and lies,
Clean it up, we're tired of cries.
No more pornstars, cut them short.
Their tokens make the space bizarre,
Send them off to a distant star.
Bless us, holders of $AMEN ,
Make us rich, again and again.
Let us swim in gold and glee,
With pet tigers, wild and free.
Touch the hearts of the jeets, we pray,
Convert them to hodl the right way.
Make the dev lose his keys or hands,
Stop him from making shady plans.
In the name of the Father, the Son, and the Holy Spirit,
$AMEN .
6 months ago
Solana has joined up with decentralized oracle solution Chainlink to construct an oracle that updates incredibly quickly.
Chainlink is a high-frequency oracle that can give price updates every 400 milliseconds and as a result of the massive adoption of Solana, Chainlink is needed in putting an end to certain kinds of market failures on the network. It's solving a fundamental problem that we see in the decentralized exchange space.
Chainlink is a high-frequency oracle that can give price updates every 400 milliseconds and as a result of the massive adoption of Solana, Chainlink is needed in putting an end to certain kinds of market failures on the network. It's solving a fundamental problem that we see in the decentralized exchange space.
6 months ago
(E)
🌟 Weekly Outlook Charts: June 10-14 🌟
$DXY strong rally off employment data, but revisions & FED rate cut decisions may impact. Resistance at 105-106; a close above invalidates my forecast. Central banks easing policies could push $DXY down. 💲
https://www.tradingview.co.../
📈 $SPY facing daily bearish divergence, but no fundamental changes for trend reversal. 5600 target remains. 📈
https://www.tradingview.co.../
🎢 $USOIL strong rally, but downside potential remains. 💡
https://www.tradingview.co.../
$DXY strong rally off employment data, but revisions & FED rate cut decisions may impact. Resistance at 105-106; a close above invalidates my forecast. Central banks easing policies could push $DXY down. 💲
https://www.tradingview.co.../
📈 $SPY facing daily bearish divergence, but no fundamental changes for trend reversal. 5600 target remains. 📈
https://www.tradingview.co.../
🎢 $USOIL strong rally, but downside potential remains. 💡
https://www.tradingview.co.../
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