1 month ago
Daily Memecoin Recap - October 29
$BTC near ATH. What happens next? 👀
Pump Fun On A Fridge
$fridge -> hit $9 .3m, the entire project is ran off a fridge at a local mall
Holy meta
$luce -> $42m to $82m (1.95x), Mascot Of The Holy Year
$buio -> hit $5 .2m, Mascot Of The Unholy Year
$hi -> hit $2m , holy inu, cat meme
#santino -> hit $2m , Luce's Dog
$sky -> hit $1 .3m, Luce's Friend
- $LUCE started a holy meta
High Volume
$catana -> hit $18 .7m, the cat has a sword
$guano -> hit $8m , $617k + in LP Rewards
$animal -> hit $5 .7m
$rlr -> hit $5 .5m, Rizzler, viral tiktoker
#dogenes -> hit $4 .5m, Greek $doge
$frank -> hit $4 .4m, back from the dead
$rp -> hit $3 .9m, red panda, ties to elonmusk
$dg -> hit $1 .5m
Election Meta
$DOGE -> hit $24 .6m to $70m (2.85x), Department Of Government Efficiency, on $eth
$47 -> $8m to $20m (2.5x), Trump will be the 47th president, team dumped, currently sitting at $2 .5m
$djt -> hit $4 .4m, realdonaldtrump, on $eth
$trump -> hit $2m , trumpwifhat, $trump + $wif
$DOGE -> hit $1 .7m on $SOL , beta to the one on $eth
#america -> hit $1m
Mascots
$shibu -> hit $11m , $doge 's mascot, very good community
$rex -> hit $2 .2m, Google Chrome Mascot
$btcwiz -> hit $1 .5m, $bitcoin wizard mascot
$eagle -> hit $772k , American Mascot
Fair Launch
$ff -> hit $5 .5m
- Fair launch a pumpdotfun coin
- Uses AI
Artificial Intelligence
#project89 -> $4m to $16 .5m (4.1x)
$yousim -> hit $19 .5m, based on plastic_labs product
$muradAI -> hit $1m , Murad AI
Genshin Impact
$gacha -> hit $2 .3m
More Cooks
$ban -> $9m to $36m (4x), comedian
#zerebro -> hit $3m
$skito -> hit $2 .2m
#nogambling -> hit $1 .6m, viral video
$imagine -> hit $1 .3m, just imagine
$gta -> hit $1m
$up -> hit $764k
$bid -> hit $640k , break it down, good meme
$mk -> hit $510k
$netcoin -> hit $426k , first bitcoin domain
$dgeen -> hit $215k
What's your top holding rn?
$BTC near ATH. What happens next? 👀
Pump Fun On A Fridge
$fridge -> hit $9 .3m, the entire project is ran off a fridge at a local mall
Holy meta
$luce -> $42m to $82m (1.95x), Mascot Of The Holy Year
$buio -> hit $5 .2m, Mascot Of The Unholy Year
$hi -> hit $2m , holy inu, cat meme
#santino -> hit $2m , Luce's Dog
$sky -> hit $1 .3m, Luce's Friend
- $LUCE started a holy meta
High Volume
$catana -> hit $18 .7m, the cat has a sword
$guano -> hit $8m , $617k + in LP Rewards
$animal -> hit $5 .7m
$rlr -> hit $5 .5m, Rizzler, viral tiktoker
#dogenes -> hit $4 .5m, Greek $doge
$frank -> hit $4 .4m, back from the dead
$rp -> hit $3 .9m, red panda, ties to elonmusk
$dg -> hit $1 .5m
Election Meta
$DOGE -> hit $24 .6m to $70m (2.85x), Department Of Government Efficiency, on $eth
$47 -> $8m to $20m (2.5x), Trump will be the 47th president, team dumped, currently sitting at $2 .5m
$djt -> hit $4 .4m, realdonaldtrump, on $eth
$trump -> hit $2m , trumpwifhat, $trump + $wif
$DOGE -> hit $1 .7m on $SOL , beta to the one on $eth
#america -> hit $1m
Mascots
$shibu -> hit $11m , $doge 's mascot, very good community
$rex -> hit $2 .2m, Google Chrome Mascot
$btcwiz -> hit $1 .5m, $bitcoin wizard mascot
$eagle -> hit $772k , American Mascot
Fair Launch
$ff -> hit $5 .5m
- Fair launch a pumpdotfun coin
- Uses AI
Artificial Intelligence
#project89 -> $4m to $16 .5m (4.1x)
$yousim -> hit $19 .5m, based on plastic_labs product
$muradAI -> hit $1m , Murad AI
Genshin Impact
$gacha -> hit $2 .3m
More Cooks
$ban -> $9m to $36m (4x), comedian
#zerebro -> hit $3m
$skito -> hit $2 .2m
#nogambling -> hit $1 .6m, viral video
$imagine -> hit $1 .3m, just imagine
$gta -> hit $1m
$up -> hit $764k
$bid -> hit $640k , break it down, good meme
$mk -> hit $510k
$netcoin -> hit $426k , first bitcoin domain
$dgeen -> hit $215k
What's your top holding rn?
2 months ago
Will Ethereum remain institutions' top choice?
jonahrobrts breaks down the blockchain competition for TradFi's attention 🤼♂️
========================================
Disruption. Digitization. Financial inclusion. Future-proofing.
What do all of these oft-repeated buzzwords have in common? They’ve all been used by crypto-pilled associates at TradFi firms to pitch their bosses on the exciting upside of blockchain tech. This year, it seems, the executives are listening.
Institutions jumped into crypto more headlong than ever in 2024. Their moves are starting to bridge the gap between TradFi and DeFi. However, this article isn’t focused on why firms are building onchain. Instead, we are focusing on where these funds are choosing to build.
----------------------------
What’s Happening on Ethereum?
Ethereum is the world’s largest smart-contract blockchain network. It has secured over $90 billion in RWAs, including stablecoins. 2024 has been a big year for the adoption of non-stablecoin RWAs on Ethereum as well, with the network growing its onchain U.S. treasuries, bonds, and cash equivalents from $800 million to over $1 .5 billion and overall non-stablecoin RWA value to $2 .9 billion.
Some of the major players building on Ethereum this year include
Visa, BlackRock and FTI_US
Earlier this month, Visa announced that they are building the Visa Tokenized Asset Platform (VTAP) on Ethereum. This is the company’s biggest step toward crypto adoption thus far. VTAP enables Visa to issue and manage fiat-backed tokens on Ethereum. It is intended to be a sandbox for participating financial institutional partners to create and experiment with fiat-backed tokens. They expect to begin piloting the platform with Spanish multinational bank BBVA in 2025. While the VTAP program is certainly an experiment, it gives credit to the thesis that TradFi will migrate its operations onto Ethereum over the coming decades.
----------------------------
Yet, the success of Ethereum’s competitors highlights a critical point: institutions are no longer bound to a single network. While Ethereum is foundational, blockchains like Solana and Stellar provide alternatives that are increasingly hard to ignore. However, they also present novel interoperability concerns.
Interoperability is central to the future of institutional blockchain adoption. As Visa states in their VTAP press release announcement, the largest benefits of building onchain include easy integration, programmability, and interoperability. Institutions that venture onto non-EVM chains like Solana or Stellar may face challenges in asset liquidity and protocol compatibility. This can lead to reliance on third-party services to bridge assets between chains, which introduces complexity and security risks. Ethereum’s widespread use means that staying within the EVM ecosystem—whether through Ethereum or Layer 2 solutions—remains the simplest and most secure option for institutions.
----------------------------
However, for Ethereum to maintain its lead in the race toward institutional adoption, it must continue to balance world-class security and stability with the performance and scalability that competing chains continue to push. The race to capture the attention of institutional finance will be won by the network that can not only meet today’s demands but also anticipate the needs of tomorrow. Ethereum is well-positioned for now, but staying on top will require constant evolution.
jonahrobrts breaks down the blockchain competition for TradFi's attention 🤼♂️
========================================
Disruption. Digitization. Financial inclusion. Future-proofing.
What do all of these oft-repeated buzzwords have in common? They’ve all been used by crypto-pilled associates at TradFi firms to pitch their bosses on the exciting upside of blockchain tech. This year, it seems, the executives are listening.
Institutions jumped into crypto more headlong than ever in 2024. Their moves are starting to bridge the gap between TradFi and DeFi. However, this article isn’t focused on why firms are building onchain. Instead, we are focusing on where these funds are choosing to build.
----------------------------
What’s Happening on Ethereum?
Ethereum is the world’s largest smart-contract blockchain network. It has secured over $90 billion in RWAs, including stablecoins. 2024 has been a big year for the adoption of non-stablecoin RWAs on Ethereum as well, with the network growing its onchain U.S. treasuries, bonds, and cash equivalents from $800 million to over $1 .5 billion and overall non-stablecoin RWA value to $2 .9 billion.
Some of the major players building on Ethereum this year include
Visa, BlackRock and FTI_US
Earlier this month, Visa announced that they are building the Visa Tokenized Asset Platform (VTAP) on Ethereum. This is the company’s biggest step toward crypto adoption thus far. VTAP enables Visa to issue and manage fiat-backed tokens on Ethereum. It is intended to be a sandbox for participating financial institutional partners to create and experiment with fiat-backed tokens. They expect to begin piloting the platform with Spanish multinational bank BBVA in 2025. While the VTAP program is certainly an experiment, it gives credit to the thesis that TradFi will migrate its operations onto Ethereum over the coming decades.
----------------------------
Yet, the success of Ethereum’s competitors highlights a critical point: institutions are no longer bound to a single network. While Ethereum is foundational, blockchains like Solana and Stellar provide alternatives that are increasingly hard to ignore. However, they also present novel interoperability concerns.
Interoperability is central to the future of institutional blockchain adoption. As Visa states in their VTAP press release announcement, the largest benefits of building onchain include easy integration, programmability, and interoperability. Institutions that venture onto non-EVM chains like Solana or Stellar may face challenges in asset liquidity and protocol compatibility. This can lead to reliance on third-party services to bridge assets between chains, which introduces complexity and security risks. Ethereum’s widespread use means that staying within the EVM ecosystem—whether through Ethereum or Layer 2 solutions—remains the simplest and most secure option for institutions.
----------------------------
However, for Ethereum to maintain its lead in the race toward institutional adoption, it must continue to balance world-class security and stability with the performance and scalability that competing chains continue to push. The race to capture the attention of institutional finance will be won by the network that can not only meet today’s demands but also anticipate the needs of tomorrow. Ethereum is well-positioned for now, but staying on top will require constant evolution.
2 months ago
🚨 $19 billion in settlements paid by crypto companies to US regulators in 2024.
FTX and Alameda are responsible for most of the funds, with $12 .7 billion paid to the CFTC in an August settlement.
Since 2019, nearly $32 billion in settlements have been collected by regulators from 25 crypto companies.
FTX and Alameda are responsible for most of the funds, with $12 .7 billion paid to the CFTC in an August settlement.
Since 2019, nearly $32 billion in settlements have been collected by regulators from 25 crypto companies.
2 months ago
📉 The total number of Bitcoin held in exchanges continues to decrease, reaching 2.594 Million Bitcoin.
That's nearly 500,000 Bitcoin withdrawn from exchanges since the start of 2024.
This is a bullish signal.
🗞 cryptoquant_com
That's nearly 500,000 Bitcoin withdrawn from exchanges since the start of 2024.
This is a bullish signal.
🗞 cryptoquant_com
2 months ago
🥷 According to Coinbase, unmasking Satoshi represents a real risk for investors and knowing the name of the creator of Bitcoin would no longer be important.
“Now that the [Bitcoin] network is global and robust, discovering Satoshi’s identity is only relevant for history books or entertainment.”
says Samir Kerbage, Chief Investment Officer at Hashdex.
Analysts are particularly concerned that if Satoshi were identified and alive, he might sell his BTC and drive down the price.
As a reminder, Nakamoto owns at least 1.1 million Bitcoins worth nearly $68 billion.
“Now that the [Bitcoin] network is global and robust, discovering Satoshi’s identity is only relevant for history books or entertainment.”
says Samir Kerbage, Chief Investment Officer at Hashdex.
Analysts are particularly concerned that if Satoshi were identified and alive, he might sell his BTC and drive down the price.
As a reminder, Nakamoto owns at least 1.1 million Bitcoins worth nearly $68 billion.
2 months ago
🇺🇸 The unemployment rate in the United States falls to 4.1%, while forecasts were for 4.2%.
In total, nearly 254,000 jobs were created
In total, nearly 254,000 jobs were created
2 months ago
📊 MicroStrategy bought Bitcoin 40 times in 4 years, investing nearly $10 billion.
This is a typical example of the DCA strategy
This is a typical example of the DCA strategy
2 months ago
3 months ago
GM BullVerse! MagicRaidMoney bot is now offering a 7-Day Free Trial to experience this one of a kind bot for your community! The MIM community has now had almost 900 raids and nearly 1,000,000 MIM has been rewarded using MRM! Come see why we can't possibly go back to using any other bots for our raids!
https://help-mrm.mim-lab.l.../
https://help-mrm.mim-lab.l.../
3 months ago
Phantom, Solana’s most widely used wallet provider, has drawn criticism from some users for charging fees on in-app token swaps.
While some disgruntled community members attacked Phantom, voices across the Solana ecosystem came to the wallet’s defence. Reigniting debate around business models in the Web3 world, Phantom’s supporters argue that the platform has a right to generate revenue.
In an industry where meme coin presales can raise over $40M , is it fair to attack businesses providing essential services for charging easily avoidable fees?
SOLANA COMMUNITY MEMBERS COMPLAIN ABOUT 0.85% SWAP FEE
Frustrated Solana users have taken to 𝕏 to air their grievances about Phantom’s in-app swap fees. The public outrage came following circulation of data suggesting that the wallet provider generated over $30M in revenue through token swaps.
Comparisons between quotes between wallets and DEX aggregator Jupiter only added further fuel to the fire. Perhaps spurred on by stagnant market conditions, commentators on social media remarked that discrepancies between swaps provided by Phantom and Jupiter were “actually ridiculous.”
Eagle-eyed users remarked that the data wasn’t wholly accurate. Galactic Geckos founder Genuine Articles highlighted that the $30M figure was lower than expected, before Fabiano.sol, the influencer who originally shared the data, acknowledged that Phantom would’ve generated over $10M through in-app token swaps in 2021 alone.
While it’s obvious that traders can access better rates by using platforms like Jupiter directly, can Wallet providers be blamed for charging fees on value-added services?
Is the Slander Against Phantom Justified?
Content creator and former Phantom team member Seb Montgomery countered the attacks levied against Phantom. Arguing that every business has operational costs that need paid, Montgomery asserted that “Dapps, apps, wallets, etc. need revenue or they close up shop, and head home.”
Hammering his points home, Montgomery reminded Solana users of their double standards. The content creator highlighted how network participants were willing to provide over $40M to the $WATER memecoin presale, but criticized an 0.8% fee on services offered by one of Solana’s longest-standing products.
“You have probably lost $1000s on the pure rubbish. So don't be a clown and not support the wallets that make it all possible.” - Seb Montgomery
Montgomery also acknowledged that Solana owes much of its success to Phantom. Paying homage to Phantom’s position as Solana’s most widely used wallet, Montgomery asserted “Without Phantom, Solana's success would not have been anywhere near where it got to.”
WHICH WALLET GIVES THE BEST VALUE ON SWAPS?
While traders and users looking for the best rates should always go directly to decentralized exchanges or aggregators, it’s also worth knowing the various in-app swap rates of different wallets.
Fuse Wallet - 0%
Solflare - 0.8%
Phantom - 0.85%
Backpack - 0.85%
It should also be noted that all Solana wallets route their trades through Jupiter. Solana’s leading DEX aggregator typically offers the best rates on trades and allows third-party apps to add fees onto swaps.
Despite some traders expressing frustration, Phantom and other wallet providers have always been transparent and forthcoming about in-app swap fees. Using wallet-based swaps is completely optional and easily bypassed. Trader’s complaints are hardly unresolved.
While some disgruntled community members attacked Phantom, voices across the Solana ecosystem came to the wallet’s defence. Reigniting debate around business models in the Web3 world, Phantom’s supporters argue that the platform has a right to generate revenue.
In an industry where meme coin presales can raise over $40M , is it fair to attack businesses providing essential services for charging easily avoidable fees?
SOLANA COMMUNITY MEMBERS COMPLAIN ABOUT 0.85% SWAP FEE
Frustrated Solana users have taken to 𝕏 to air their grievances about Phantom’s in-app swap fees. The public outrage came following circulation of data suggesting that the wallet provider generated over $30M in revenue through token swaps.
Comparisons between quotes between wallets and DEX aggregator Jupiter only added further fuel to the fire. Perhaps spurred on by stagnant market conditions, commentators on social media remarked that discrepancies between swaps provided by Phantom and Jupiter were “actually ridiculous.”
Eagle-eyed users remarked that the data wasn’t wholly accurate. Galactic Geckos founder Genuine Articles highlighted that the $30M figure was lower than expected, before Fabiano.sol, the influencer who originally shared the data, acknowledged that Phantom would’ve generated over $10M through in-app token swaps in 2021 alone.
While it’s obvious that traders can access better rates by using platforms like Jupiter directly, can Wallet providers be blamed for charging fees on value-added services?
Is the Slander Against Phantom Justified?
Content creator and former Phantom team member Seb Montgomery countered the attacks levied against Phantom. Arguing that every business has operational costs that need paid, Montgomery asserted that “Dapps, apps, wallets, etc. need revenue or they close up shop, and head home.”
Hammering his points home, Montgomery reminded Solana users of their double standards. The content creator highlighted how network participants were willing to provide over $40M to the $WATER memecoin presale, but criticized an 0.8% fee on services offered by one of Solana’s longest-standing products.
“You have probably lost $1000s on the pure rubbish. So don't be a clown and not support the wallets that make it all possible.” - Seb Montgomery
Montgomery also acknowledged that Solana owes much of its success to Phantom. Paying homage to Phantom’s position as Solana’s most widely used wallet, Montgomery asserted “Without Phantom, Solana's success would not have been anywhere near where it got to.”
WHICH WALLET GIVES THE BEST VALUE ON SWAPS?
While traders and users looking for the best rates should always go directly to decentralized exchanges or aggregators, it’s also worth knowing the various in-app swap rates of different wallets.
Fuse Wallet - 0%
Solflare - 0.8%
Phantom - 0.85%
Backpack - 0.85%
It should also be noted that all Solana wallets route their trades through Jupiter. Solana’s leading DEX aggregator typically offers the best rates on trades and allows third-party apps to add fees onto swaps.
Despite some traders expressing frustration, Phantom and other wallet providers have always been transparent and forthcoming about in-app swap fees. Using wallet-based swaps is completely optional and easily bypassed. Trader’s complaints are hardly unresolved.
3 months ago
Prices may be down, but Grayscale's making bull market bets if you know where to look.
These are the assets that have caught the attention of Crypto's Wall Street whisperer 👇
========================================
When Grayscale announces a new Trust for a particular asset, the market often reacts with a mix of excitement and skepticism.
It's a bit like a double-edged sword: a signal of saturation for some and a beacon of hope for others.
Some might interpret the launch as a sign that the market for that asset is reaching saturation or at least limited upside potential in crypto terms.
On the one hand, it’s a stamp of approval from a major player in the crypto space. It can lend legitimacy to the asset, potentially attracting institutional investors, and, at the very least, boost media coverage.
Grayscale has been adding new investment products at a faster clip, showcasing their conviction that we’re in the middle innings of a crypto bull market fueled by a grand slam of bullish signals: #Bitcoin ETF inflows, the long-awaited $ETH ETF launch, increasing stablecoin adoption, and steady growth in TVL across DeFi.
As a quiet giant in the industry, investors continue to watch what Grayscale is backing and what that says about their impressions of which direction the industry is headed. What assets have caught their attention lately? Let's find out. 👇
----------------------------------------------------------
Grayscale Decentralized AI Fund (FIL, NEAR, RNDR, LPT, TAO)
Grayscale Bittensor Trust (TAO)
Bittensor envisions a world where AI isn't a tool in the hands of a few corporations but a resource democratized for all. It aims to create an "Internet of AI" where everyone can contribute and benefit from AI models. $TAO incentivizes participants to contribute to the network by providing rewards for tasks like validating models and running AI computations.
As the AI race among big tech companies heats up, Grayscale believes that Bittensor offers a compelling alternative approach towards AI development, one that encourages a wider range of participants and ideas.
Grayscale SUI Trust (SUI)
$Sui boasts a novel blockchain design that prioritizes scalability and user experience. It allows for parallel processing, tackling multiple transactions simultaneously.
SuiNetwork
's competitive edge comes down to its custom-built programming language, Sui Move, which streamlines smart contract development and execution.
As the need for blockspace and faster execution in crypto increases, Grayscale believes that Sui opens the door to a new wave of decentralized applications that were previously limited by existing blockchain infrastructure.
The Grayscale Effect
Overall, the impact of a Grayscale Trust launch is highly subjective to the specific asset. By no means does it signify that the asset is destined for greatness. Take the Grayscale Decentraland Trust (MANA), for instance.
The key takeaway is that Grayscale's bullish outlook on crypto is evident in its recent product launches. They believe we're currently in a bull market and are positioning themselves accordingly.
Analysis by arjunnchand
These are the assets that have caught the attention of Crypto's Wall Street whisperer 👇
========================================
When Grayscale announces a new Trust for a particular asset, the market often reacts with a mix of excitement and skepticism.
It's a bit like a double-edged sword: a signal of saturation for some and a beacon of hope for others.
Some might interpret the launch as a sign that the market for that asset is reaching saturation or at least limited upside potential in crypto terms.
On the one hand, it’s a stamp of approval from a major player in the crypto space. It can lend legitimacy to the asset, potentially attracting institutional investors, and, at the very least, boost media coverage.
Grayscale has been adding new investment products at a faster clip, showcasing their conviction that we’re in the middle innings of a crypto bull market fueled by a grand slam of bullish signals: #Bitcoin ETF inflows, the long-awaited $ETH ETF launch, increasing stablecoin adoption, and steady growth in TVL across DeFi.
As a quiet giant in the industry, investors continue to watch what Grayscale is backing and what that says about their impressions of which direction the industry is headed. What assets have caught their attention lately? Let's find out. 👇
----------------------------------------------------------
Grayscale Decentralized AI Fund (FIL, NEAR, RNDR, LPT, TAO)
Grayscale Bittensor Trust (TAO)
Bittensor envisions a world where AI isn't a tool in the hands of a few corporations but a resource democratized for all. It aims to create an "Internet of AI" where everyone can contribute and benefit from AI models. $TAO incentivizes participants to contribute to the network by providing rewards for tasks like validating models and running AI computations.
As the AI race among big tech companies heats up, Grayscale believes that Bittensor offers a compelling alternative approach towards AI development, one that encourages a wider range of participants and ideas.
Grayscale SUI Trust (SUI)
$Sui boasts a novel blockchain design that prioritizes scalability and user experience. It allows for parallel processing, tackling multiple transactions simultaneously.
SuiNetwork
's competitive edge comes down to its custom-built programming language, Sui Move, which streamlines smart contract development and execution.
As the need for blockspace and faster execution in crypto increases, Grayscale believes that Sui opens the door to a new wave of decentralized applications that were previously limited by existing blockchain infrastructure.
The Grayscale Effect
Overall, the impact of a Grayscale Trust launch is highly subjective to the specific asset. By no means does it signify that the asset is destined for greatness. Take the Grayscale Decentraland Trust (MANA), for instance.
The key takeaway is that Grayscale's bullish outlook on crypto is evident in its recent product launches. They believe we're currently in a bull market and are positioning themselves accordingly.
Analysis by arjunnchand
3 months ago
It's not that I don't like @Astro_peng or @POPDOGsolcoin 's posts😘, but I can't wait for bullverse to become a big success and attract a lot of people.
Much more varied content and different people. I feel that time is near. Come on Btc, let's launch bullrun and bullverse will become a giant of the tech
I'm waiting for my allowance to buy some bull 😝
#freeourbulls
Much more varied content and different people. I feel that time is near. Come on Btc, let's launch bullrun and bullverse will become a giant of the tech
I'm waiting for my allowance to buy some bull 😝
#freeourbulls
3 months ago
The crypto market jumps as the US unemployment rate hits 4.2% as expected compared to 4.3% previously easing recession fears. Investors are bracing for September rate cuts, and optimism grows over the market’s near-term outlook.
3 months ago
We are 180 days into a correction since we made an ATH in Bitcoin and market sentiment is worse than when BTC was at 15K.
Ethereum has lost nearly $250 billion in market cap over the summer, even with ETFs coming to market.
And what happened?
> Massive exits and sales by Grayscale.
> Massive MT.GOX distributions.
> Mass distributions from the United States.
> Germany selling +50,000 BTC.
And what is to come?
> US interest rate cuts.
> Gradual increase in global liquidity.
> United States elections.
> FTX Refunds (+$16B).
And all this with stablecoins reaching all-time highs.
Is this the end? Are we all going to die?
I don't believe it.
For me nothing has changed.
Nobody said the bull market was going to be easy.
The best, for me, is yet to come.
You already know what happened next, the times when the feeling was as shattered and terrifying as the one we are experiencing now.
The difficult moments are what separate babies with poop on their butts from legends.
Everyone is very pro, everyone is very cocky, very gangster and very brave until it is time to buy the dip when at all hours they say that we are going to visit lower areas and everyone is terrified and with their balls in their throat.
We've all heard "If you come down to X area I'm going to put my house in your house" then they come down and shit their pants and don't buy.
It seems like a meme, but it is not.
There is something that will never change.
> The vast majority of people will sell out of fear.
> The vast majority of people will buy out of euphoria.
And it is certainly the fastest way to lose money in this market.
Sorry, I didn't make up the rules of the game.
The road will be long and there will be monsters and corpses along the way, just try not to make it yours.
The bull market is not over.
They just want to steal your magic internet coins so that when they spend billions on marketing, they can buy them back at an exorbitant price.
Nothing has changed.
Patience, conviction, buy the dip & chill 🏝️
Ethereum has lost nearly $250 billion in market cap over the summer, even with ETFs coming to market.
And what happened?
> Massive exits and sales by Grayscale.
> Massive MT.GOX distributions.
> Mass distributions from the United States.
> Germany selling +50,000 BTC.
And what is to come?
> US interest rate cuts.
> Gradual increase in global liquidity.
> United States elections.
> FTX Refunds (+$16B).
And all this with stablecoins reaching all-time highs.
Is this the end? Are we all going to die?
I don't believe it.
For me nothing has changed.
Nobody said the bull market was going to be easy.
The best, for me, is yet to come.
You already know what happened next, the times when the feeling was as shattered and terrifying as the one we are experiencing now.
The difficult moments are what separate babies with poop on their butts from legends.
Everyone is very pro, everyone is very cocky, very gangster and very brave until it is time to buy the dip when at all hours they say that we are going to visit lower areas and everyone is terrified and with their balls in their throat.
We've all heard "If you come down to X area I'm going to put my house in your house" then they come down and shit their pants and don't buy.
It seems like a meme, but it is not.
There is something that will never change.
> The vast majority of people will sell out of fear.
> The vast majority of people will buy out of euphoria.
And it is certainly the fastest way to lose money in this market.
Sorry, I didn't make up the rules of the game.
The road will be long and there will be monsters and corpses along the way, just try not to make it yours.
The bull market is not over.
They just want to steal your magic internet coins so that when they spend billions on marketing, they can buy them back at an exorbitant price.
Nothing has changed.
Patience, conviction, buy the dip & chill 🏝️
3 months ago
📆 On September 6, 2021, El Salvador announced the acquisition of its first 200 bitcoins!
3 years to the day, the country holds nearly 5,900 and continues to buy 1 BTC daily 🇸🇻
3 years to the day, the country holds nearly 5,900 and continues to buy 1 BTC daily 🇸🇻
3 months ago
Mercuryo, a Web3 payments provider, has announced the rollout of Spend, a virtual debit card promising to streamline crypto payments.
Complete with Apple Pay and Google Pay compatibility, Spend facilitates payments directly from Solana wallets to over 90M Mastercard merchants across the globe.
WHAT IS SPEND??
Mercuryo’s Spend allows wallet apps to integrate virtual Mastercard debit cards directly into their applications. Through the Spend Card, Mercury promises to enable the crypto community to use their crypto assets to “spend on anything. Anytime. Anywhere.”
Spend aims to provide a fast and cost-effective method for crypto users to convert and spend their digital assets from their wallets. Beyond the simplicity of Mastercard, Apple Pay, and Google Pay integration, Spend also offers card customization, meaning wallet providers can incorporate their logos into virtual cards.
Spend is fully self-custodial, meaning users have full control over any assets deposited into the card account. Additionally, the platform offers multi-chain support, including Solana, Ethereum, and PolkaDot.
As part of the announcement, Mercuryo teased that several leading Web3 wallets will be adding Spend in the near future. SolanaFloor engaged Mercuryo for comment on the matter but is yet to receive a response.
Why Web3 Needs Better Off-Ramps
Since the birth of the industry, crypto companies have focused tirelessly on streamlining the flow of funds into decentralized economies. According to Mercuryo, “on-ramping is now a user-friendly process, and users can purchase crypto with ease.”
While onboarding has become easier with exchanges and third-party apps readily available, bringing funds back into the real world still poses significant barriers. Mercuryo argues that the biggest struggles facing crypto off-ramping are:
1. Poor UX of existing solutions - Users need to jump through a variety of hoops to withdraw funds. Many platforms are only available in certain regions and popular offboarding platforms offer limited support outside of mainstream cryptos.
2. Bank restrictions - Traditional banks often block payments from crypto-related companies and freeze accounts suspected of interacting with cryptocurrency.
3. Extortionate fees - Third-party apps and intermediaries can charge high fees on crypto-to-fiat withdrawals, discouraging users from transferring funds.
Slow processing times - After becoming accustomed to rapid, permissionless transfers onchain, crypto-to-fiat withdrawals can feel slow and cumbersome.
While the industry loves to discuss and promote progress and efforts toward crypto onboarding, finding seamless methods of getting funds off-chain is equally important.
Mercuryo’s commitment to simplified crypto off-ramps helps to legitimize digital currencies as meaningful financial tools. Through the Spend card, millions of crypto users may be able to enjoy improved access to their funds in real-world contexts, solidifying the role of cryptocurrency in the Web2 world
Complete with Apple Pay and Google Pay compatibility, Spend facilitates payments directly from Solana wallets to over 90M Mastercard merchants across the globe.
WHAT IS SPEND??
Mercuryo’s Spend allows wallet apps to integrate virtual Mastercard debit cards directly into their applications. Through the Spend Card, Mercury promises to enable the crypto community to use their crypto assets to “spend on anything. Anytime. Anywhere.”
Spend aims to provide a fast and cost-effective method for crypto users to convert and spend their digital assets from their wallets. Beyond the simplicity of Mastercard, Apple Pay, and Google Pay integration, Spend also offers card customization, meaning wallet providers can incorporate their logos into virtual cards.
Spend is fully self-custodial, meaning users have full control over any assets deposited into the card account. Additionally, the platform offers multi-chain support, including Solana, Ethereum, and PolkaDot.
As part of the announcement, Mercuryo teased that several leading Web3 wallets will be adding Spend in the near future. SolanaFloor engaged Mercuryo for comment on the matter but is yet to receive a response.
Why Web3 Needs Better Off-Ramps
Since the birth of the industry, crypto companies have focused tirelessly on streamlining the flow of funds into decentralized economies. According to Mercuryo, “on-ramping is now a user-friendly process, and users can purchase crypto with ease.”
While onboarding has become easier with exchanges and third-party apps readily available, bringing funds back into the real world still poses significant barriers. Mercuryo argues that the biggest struggles facing crypto off-ramping are:
1. Poor UX of existing solutions - Users need to jump through a variety of hoops to withdraw funds. Many platforms are only available in certain regions and popular offboarding platforms offer limited support outside of mainstream cryptos.
2. Bank restrictions - Traditional banks often block payments from crypto-related companies and freeze accounts suspected of interacting with cryptocurrency.
3. Extortionate fees - Third-party apps and intermediaries can charge high fees on crypto-to-fiat withdrawals, discouraging users from transferring funds.
Slow processing times - After becoming accustomed to rapid, permissionless transfers onchain, crypto-to-fiat withdrawals can feel slow and cumbersome.
While the industry loves to discuss and promote progress and efforts toward crypto onboarding, finding seamless methods of getting funds off-chain is equally important.
Mercuryo’s commitment to simplified crypto off-ramps helps to legitimize digital currencies as meaningful financial tools. Through the Spend card, millions of crypto users may be able to enjoy improved access to their funds in real-world contexts, solidifying the role of cryptocurrency in the Web2 world
3 months ago
(E)
Opensea's homepage in 2018 - a great example of a first-mover in Web3.
Early entrants often define the standards and protocols for how things should be done in a new space. A lot of names could be mentioned to illustrate this: Uniswap, Aave, Yearn, Chainlink...
OpenSea leveraged network effects to become the dominant marketplace for NFTs, a fading narrative in 2024.
Hey Founder, what's your first-mover advantage ?
Source: http://web.archive.org/web...
Early entrants often define the standards and protocols for how things should be done in a new space. A lot of names could be mentioned to illustrate this: Uniswap, Aave, Yearn, Chainlink...
OpenSea leveraged network effects to become the dominant marketplace for NFTs, a fading narrative in 2024.
Hey Founder, what's your first-mover advantage ?
Source: http://web.archive.org/web...
3 months ago
BTC, there were minimal trading volumes over the weekend and this weekend. Tomorrow is a whole day off in the USA and the volumes may not be large either. Bitcoin is still near the local support zone. Let me remind you that this zone is 57,600-55,900. Bitcoin continues to trade inside the medium-term pattern. And in this case, the key zone and level for reaching the upper limit of this pattern is the level of 60,000 and 64,000. After the breakdown of the pattern, a new round of growth of this cycle will begin.
withdrawal from exchanges exceeds input - 7%, 1,000 btc❗️
Altcoins, the accumulation continues. The market also gives many a chance to enter at an affordable price. But it is more likely that the next month will change the situation. The growth of altcoins in the near term will be significant.
https://www.tradingview.co.../
withdrawal from exchanges exceeds input - 7%, 1,000 btc❗️
Altcoins, the accumulation continues. The market also gives many a chance to enter at an affordable price. But it is more likely that the next month will change the situation. The growth of altcoins in the near term will be significant.
https://www.tradingview.co.../
3 months ago
3 months ago
BTC, not much has happened in a day. Bitcoin has been hovering near the support zone for several days now. In the local flat. Which began on August 8th. see the graph. Traders and investors are expecting data on September 11 that will allow them to predict a rate cut on September 18. This is a key month not only for the cryptocurrency market, but also for the stock market.
the input to the exchanges exceeds the output -
24%, 4000 btc
Altcoins, some manipulations are still possible during the next week. But provided that positive news arrives on the 11th, it is more likely that for some coins we will no longer see such values as were on the squiz on August 5th. But there are still a significant number of coins for X, which I'm going to buy in the middle and long term.
https://www.tradingview.co.../
the input to the exchanges exceeds the output -
24%, 4000 btc
Altcoins, some manipulations are still possible during the next week. But provided that positive news arrives on the 11th, it is more likely that for some coins we will no longer see such values as were on the squiz on August 5th. But there are still a significant number of coins for X, which I'm going to buy in the middle and long term.
https://www.tradingview.co.../
3 months ago
BTC, volumes over the weekend, especially today, fell to lows. Against the background of some events, the arrest of Pavel Durov, some coins, TON and NOT, showed some correction. I refrain from buying them in the near future. Fortunately, at least I didn't have them. But in any case, these drains on these coins can be used for speculative trading.
Bitcoin has been standing still for the last 24 hours. Read the post above. The situation is exactly the same.
withdrawal from exchanges exceeds input - correlation
Altcoins, minimally adjusted, on a 15-minute timeframe. The two main downward trends in the capitalization of altcoins were broken, but it did not work out, and the cap went back behind these trends. To collect liquidity and a new attempt at breakdown and consolidation.
https://www.tradingview.co.../
Bitcoin has been standing still for the last 24 hours. Read the post above. The situation is exactly the same.
withdrawal from exchanges exceeds input - correlation
Altcoins, minimally adjusted, on a 15-minute timeframe. The two main downward trends in the capitalization of altcoins were broken, but it did not work out, and the cap went back behind these trends. To collect liquidity and a new attempt at breakdown and consolidation.
https://www.tradingview.co.../
3 months ago
While you don't believe that the bull will hit NFT, let's figure out when it will happen 🤔
It has already happened. Why don't you understand where the liquidity has stagnated in the market, and what trend will conquer the market next?
Where is the next rocket? New SocialFi, shields in another chain? Which one? NEAR? CARDANO? While you are looking for new gems, liquidity is quietly flowing into already familiar channels, and the NFT market has already given it a local zazu 👋
It's even funny that the projects that were raped by sybils during the retro fever, holders of cult NFTs on the air were given more awards than their "faithful" adherents. But does this mean that the NFT sector will explode on this bull? Yes and no.
Last season's NFT bull run had just a few vessels to accumulate liquidity in - the CryptoPunks and Bored Ape Yacht Club collections. Then demand cut off supply, leading to incredibly high price expectations and hopes, and liquidity leaked into other random ETH collections and other chains. Boom, the bubble burst, something that can never be repeated.
We now have many chains with NFTs, liquidity and attention are spread out, and there is no single major trend in a select few NFT collections. But NFTs are here to stay, and they continue to grow as a category. And locally, that will never stop.
It has already happened. Why don't you understand where the liquidity has stagnated in the market, and what trend will conquer the market next?
Where is the next rocket? New SocialFi, shields in another chain? Which one? NEAR? CARDANO? While you are looking for new gems, liquidity is quietly flowing into already familiar channels, and the NFT market has already given it a local zazu 👋
It's even funny that the projects that were raped by sybils during the retro fever, holders of cult NFTs on the air were given more awards than their "faithful" adherents. But does this mean that the NFT sector will explode on this bull? Yes and no.
Last season's NFT bull run had just a few vessels to accumulate liquidity in - the CryptoPunks and Bored Ape Yacht Club collections. Then demand cut off supply, leading to incredibly high price expectations and hopes, and liquidity leaked into other random ETH collections and other chains. Boom, the bubble burst, something that can never be repeated.
We now have many chains with NFTs, liquidity and attention are spread out, and there is no single major trend in a select few NFT collections. But NFTs are here to stay, and they continue to grow as a category. And locally, that will never stop.
3 months ago
BTC, a fix on the daily timeframe did not work out. But as I showed in the video yesterday in the video, it may come out in the next week to consolidate above 60,000 on a weekly timeframe. The weekly timeframe is much stronger than the daily one. Locally, Bitcoin is still trading in the local flat, see the garfik. We are waiting for Jerome Powell's speech today.
withdrawal from exchanges exceeds input - correlation
Altcoins, against the background of the correction of Bitcoin dominance, we see how altcoins are increasing in price. Which is good news. There was also a breakdown of the first local downtrend line on the capitalization of Altcoins. I expect in the near future at least the arrival of the next more important downtrend lines on the capitalization of altcoins. Many altcoins came to the levels before the drain on August 5-8. Some are already more expensive.
https://www.tradingview.co.../
withdrawal from exchanges exceeds input - correlation
Altcoins, against the background of the correction of Bitcoin dominance, we see how altcoins are increasing in price. Which is good news. There was also a breakdown of the first local downtrend line on the capitalization of Altcoins. I expect in the near future at least the arrival of the next more important downtrend lines on the capitalization of altcoins. Many altcoins came to the levels before the drain on August 5-8. Some are already more expensive.
https://www.tradingview.co.../
3 months ago
While you don’t believe that the bull will be affected by NFTs, let’s figure out when this happens 🤔
Already happened. Why don’t you understand where liquidity has accumulated in the market, and what trend will conquer the market next?
Where's the next rocket? New SocialFi ? Which one? NEAR? CARDANO? While you are looking for new gems, liquidity imperceptibly flows into already familiar channels, and the NFT market has already given a promise locally 👋
It’s even funny that the projects that were raped by the sibils during the retro fever were given more awards to the holders of the cult NFTs on air than to their “faithful” adherents. But does this mean that the NFT sector will explode on this bull? Yes and no.
Last season's NFT bull cycle only had a few vessels to accumulate liquidity in - the CryptoPunks collections and the Bored Ape Yacht Club . Demand then cut off supply, leading to incredibly high price expectations and hopes, with liquidity leaking into other random collections on ETH and other chains. Boom, the bubble burst, it can never be repeated.
We currently have many NFT chains, liquidity and attention are spread out, and there is no single major trend across a select few NFT collections. But NFTs are here to stay and continue to grow as a category. And locally it will never stop.
Already happened. Why don’t you understand where liquidity has accumulated in the market, and what trend will conquer the market next?
Where's the next rocket? New SocialFi ? Which one? NEAR? CARDANO? While you are looking for new gems, liquidity imperceptibly flows into already familiar channels, and the NFT market has already given a promise locally 👋
It’s even funny that the projects that were raped by the sibils during the retro fever were given more awards to the holders of the cult NFTs on air than to their “faithful” adherents. But does this mean that the NFT sector will explode on this bull? Yes and no.
Last season's NFT bull cycle only had a few vessels to accumulate liquidity in - the CryptoPunks collections and the Bored Ape Yacht Club . Demand then cut off supply, leading to incredibly high price expectations and hopes, with liquidity leaking into other random collections on ETH and other chains. Boom, the bubble burst, it can never be repeated.
We currently have many NFT chains, liquidity and attention are spread out, and there is no single major trend across a select few NFT collections. But NFTs are here to stay and continue to grow as a category. And locally it will never stop.
3 months ago
Former Binance CEO Changpeng Zhao (CZ) has been moved from his prison to the RRM Long Beach halfway house in California and has not been freed, despite claims from excited X (formerly Twitter) users.
CZ was initially being held at FCI Lompoc II prison, also in California. However, the federal inmate tracker was updated this week to reveal he has been moved to Long Beach.
RRM Long Beach is classed as a ‘residential reentry management (RRM) field office,’ otherwise known as a ‘halfway house.’ Federal inmate communications provider InmateAID says it is a housing unit that assists inmates nearing their release date.
InmateAID says, “There is no security level other than voluntary compliance but there is a strict adherence to the rules of the house.”
This means that while CZ will technically be out of prison — RRM Long Beach is a Bureau of Prisons-administered facility rather than a prison per se — he will still be serving his sentence.
CZ was initially being held at FCI Lompoc II prison, also in California. However, the federal inmate tracker was updated this week to reveal he has been moved to Long Beach.
RRM Long Beach is classed as a ‘residential reentry management (RRM) field office,’ otherwise known as a ‘halfway house.’ Federal inmate communications provider InmateAID says it is a housing unit that assists inmates nearing their release date.
InmateAID says, “There is no security level other than voluntary compliance but there is a strict adherence to the rules of the house.”
This means that while CZ will technically be out of prison — RRM Long Beach is a Bureau of Prisons-administered facility rather than a prison per se — he will still be serving his sentence.
3 months ago
❌️ Bloomberg ETF analyst Eric Balchunas says Solana spot ETF approval was close to 0 in 2024.
"Near zero chance in 2024 and if Harris wins, there is also a near zero chance in 2025."
"Only hope is if Trump wins."
https://x.com/ericbalchuna...
"Near zero chance in 2024 and if Harris wins, there is also a near zero chance in 2025."
"Only hope is if Trump wins."
https://x.com/ericbalchuna...
4 months ago
I don't think you guys understand what an actual bullmarket looks like
every single altcoin on a CEX 5-50% up on the day. persistently rotating for 3-5 days, a quick 24h correction, resume
for months
masses collectively throwing high 8 figures into every yield ponzi there is
BTC rallying so hard it paralyzes the entire market, but at first sign of consolidation alts absolutely rip
BTC consolidations after face-melting rallies are met with complete reset in OI/funding. one can not believe their eyes. price while derivatives cool off? fucking sideways - local TA gurus call bullflags. resume up shortly.
once BTC is done, ETH pulls an ever stronger rally, you'd think it was a 100M mcap memetic being shilled by local cabal. brings the entire market up, altcoins start having weeks, months of inhumane moves
the only caviat are devastating short-term corrections to wipe the leverage, alas, riding longs from much lower and/or longing these wicks is a 99% safe play. hell, I'd say 100%, but some of you will 100x leverage an altcoin if I say that.
your spot bags? depending on where you're at in your journey, you're looking at watches, boats, planes, houses. hell, some will probably be looking to buy islands and superyachts.
and if you think, just for a second, you can come up with an actual good reason we're not getting that again for at least few months in the near future, you're delusional.
your downside risk is 50, 70%. boo-hoo. your upside is generational wealth that will make every ex-girlfriend pull their hair out for losing you.
strap in, because it's coming, this time is indeed not fucking different. I advise against listening to influencers that already made it and are here to unload their seed investments on you
I don't need to do that, I'll unload on the tourists at the top.
every single altcoin on a CEX 5-50% up on the day. persistently rotating for 3-5 days, a quick 24h correction, resume
for months
masses collectively throwing high 8 figures into every yield ponzi there is
BTC rallying so hard it paralyzes the entire market, but at first sign of consolidation alts absolutely rip
BTC consolidations after face-melting rallies are met with complete reset in OI/funding. one can not believe their eyes. price while derivatives cool off? fucking sideways - local TA gurus call bullflags. resume up shortly.
once BTC is done, ETH pulls an ever stronger rally, you'd think it was a 100M mcap memetic being shilled by local cabal. brings the entire market up, altcoins start having weeks, months of inhumane moves
the only caviat are devastating short-term corrections to wipe the leverage, alas, riding longs from much lower and/or longing these wicks is a 99% safe play. hell, I'd say 100%, but some of you will 100x leverage an altcoin if I say that.
your spot bags? depending on where you're at in your journey, you're looking at watches, boats, planes, houses. hell, some will probably be looking to buy islands and superyachts.
and if you think, just for a second, you can come up with an actual good reason we're not getting that again for at least few months in the near future, you're delusional.
your downside risk is 50, 70%. boo-hoo. your upside is generational wealth that will make every ex-girlfriend pull their hair out for losing you.
strap in, because it's coming, this time is indeed not fucking different. I advise against listening to influencers that already made it and are here to unload their seed investments on you
I don't need to do that, I'll unload on the tourists at the top.
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