5 days ago
I don't really take any anon seriously.
Even the guys I like with King Baldwin or Aristotle as the profile picture.
I'm sure in a FEW CASES I am mistaken... But they don't really look like warrior kings or philosophers.
Lets be honest... This is who most of them are.
Even the guys I like with King Baldwin or Aristotle as the profile picture.
I'm sure in a FEW CASES I am mistaken... But they don't really look like warrior kings or philosophers.
Lets be honest... This is who most of them are.
6 days ago
GM, Soldiers! 🌞🐾
A huge salute to the warriors staking their $KHAI
Over 1.5 MILLION staked in less than 24 hours! 💎⚔️
https://staking.kittenhaim.../
You’re not just holding the line; you’re pushing the front forward. Together, we’re building a fortress of strength and loyalty. 🐱🚀
Keep staking, keep earning, and let’s keep dominating! 🐾💥
A huge salute to the warriors staking their $KHAI
Over 1.5 MILLION staked in less than 24 hours! 💎⚔️
https://staking.kittenhaim.../
You’re not just holding the line; you’re pushing the front forward. Together, we’re building a fortress of strength and loyalty. 🐱🚀
Keep staking, keep earning, and let’s keep dominating! 🐾💥
7 days ago
The best trench warriors are always on vc grinding together
There's something about voice chat that hits different, the instant reaction to things is extremely useful
If you're not in one, you're missing out on a huge edge
There's something about voice chat that hits different, the instant reaction to things is extremely useful
If you're not in one, you're missing out on a huge edge
12 days ago
GM Soldiers! 🌞
Time to kick off the ULTIMATE MEME CHALLENGE 🎥🐾
💰 $1000 Prize Pool 💰
Here’s the mission:
👉 Create a video of yourself doing anything hilariously degen
👉 Include the $KHAI logo in the video (get creative!)
👉 Post it, tag @KittenHaimer , and use #KHAIChallenge
We’ll pick the top memes to share with the world. Make us laugh, cry, or cringe—the bolder, the better! 😹
Let’s see what you’ve got! 🚀
#KittenHaimer #KHAI
Time to kick off the ULTIMATE MEME CHALLENGE 🎥🐾
💰 $1000 Prize Pool 💰
Here’s the mission:
👉 Create a video of yourself doing anything hilariously degen
👉 Include the $KHAI logo in the video (get creative!)
👉 Post it, tag @KittenHaimer , and use #KHAIChallenge
We’ll pick the top memes to share with the world. Make us laugh, cry, or cringe—the bolder, the better! 😹
Let’s see what you’ve got! 🚀
#KittenHaimer #KHAI
18 days ago
Is it possible to have an update on the project, please? It's really the only project without communication. It's really serious.
25 days ago
How to maximize your money-making in crypto
1. Major conviction bags -> $BTC , $SOL , $ETH
- Consider these your long-term holdings
- This is where you make money (mostly) stress-free
2. Memecoin conviction bags
- High-risk long-term holdings
- Established memes above $100m market cap
3. Degen bags
- Gambles/shitters that you trade on the daily
- Quick in-and-outs
- At the end of the day stable 50%+ of your profits
4. Stables
- The whole point of milking the bull market is for you to increase your stable stack
- Your number one priority is to make money
- You won't be holding the majority of these shitters in 6 months
Take profit along the way & enjoy the ride
1. Major conviction bags -> $BTC , $SOL , $ETH
- Consider these your long-term holdings
- This is where you make money (mostly) stress-free
2. Memecoin conviction bags
- High-risk long-term holdings
- Established memes above $100m market cap
3. Degen bags
- Gambles/shitters that you trade on the daily
- Quick in-and-outs
- At the end of the day stable 50%+ of your profits
4. Stables
- The whole point of milking the bull market is for you to increase your stable stack
- Your number one priority is to make money
- You won't be holding the majority of these shitters in 6 months
Take profit along the way & enjoy the ride
2 months ago
📊 Bitcoin is approaching its longest period of post-halving market sideways movement in its history.
Ki Young Ju, CEO of CryptoQuant:
“285 days have passed in 2024. If there is no Bitcoin bull market in the next 14 days, it will mark the post-halving sideways period in history.”
Ki Young Ju, CEO of CryptoQuant:
“285 days have passed in 2024. If there is no Bitcoin bull market in the next 14 days, it will mark the post-halving sideways period in history.”
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
🎖️ Vitalik Buterin, a serious candidate for the Nobel Prize in Economics?
At least that's what economists Tyler Cowen and Alex Tabarrok think.
They praise the performance of Ethereum's transition from POW to POS:
“Have you ever seen those videos of those guys in Saudi Arabia where they’re changing the tires of the car while the car is moving? That’s what Ethereum did. Amazing.”
Alex Tabarrok says Satoshi Nakamoto should also receive the award, but he thinks he is dead.
At least that's what economists Tyler Cowen and Alex Tabarrok think.
They praise the performance of Ethereum's transition from POW to POS:
“Have you ever seen those videos of those guys in Saudi Arabia where they’re changing the tires of the car while the car is moving? That’s what Ethereum did. Amazing.”
Alex Tabarrok says Satoshi Nakamoto should also receive the award, but he thinks he is dead.
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
Daily Memecoin Recap - October 6
Everything is sending 👀
High Market Cap Memes
$giga -> $224m to $469m (2.09x)
$spx -> $181m to $387m (2.14x)
$fwog -> $48m to $181m (3.77x from the low)
$michi -> $88m to $172m (1.95x)
$scf -> $57m to $108m (1.89x)
$lockin -> $14 .2m to $48m (2.67x)
$mini -> $12m to $37m (3.08x), new ATH
$sigma -> $7 .8m to $30m (3.84x), new ATH
$aura -> $6m to $26m (4.33x from the low)
$rocky -> $5 .55m to $13m (2.34x)
Rumors Of Satoshi's Identity
$sasha -> $7 .9m to $16 .6m (2.1x), "Bitcoin Cat", Len Sassaman's cat
$len -> hit $4 .79m, redacted Len
$len -> hit $3 .69m
$remus -> hit $2m , Len's dog
#nukumutu -> hit $1 .16m, Redacted Satoshi Nakamoto
- There's a new HBO documentary that claims to reveal Satoshi Nakamoto's identity (bitcoin's founder)
- People are trying to leak who they're going to reveal as Satoshi, there are claims that it's Len Sassaman
Murad Meta
$bingus -> $544k to $8 .4m (15.4x), based on a tweet of Murad shilling bingus back in December 2023
#everything -> hit $2 .56m, based on one of Murad's tweets from May
$morud -> hit $657k
- MustStopMurad recently did an interview where he discusses his thesis on memecoins
Elon Musk Changes His PFP
$dmaga -> $2 .2m to $12m (5.45x)
$based -> hit $1 .85m, "Make America Based Again"
- elonmusk's new pfp is him wearing a make america great again hat
Cat Memes
$bro -> hit $1 .44m, "bro the cat"
$faded -> hit $800k , faded a coin and now you're sidelined, good meme
$bobcat -> hit $335k
$squizo -> hit $215k
Eth Moo Deng
#moodeng -> $2 .67m to $50m (18.7x)
- Moo Deng on $eth has been pumping while the $sol one decreases, rumours of a T1 listing
Other Plays
$ernie -> hit $5 .21m, moonshot launch with new airlock - top 50 holders are periodically refreshed, $132k + in LP Rewards
$laszlo -> hit $1 .27m, famous transaction of 10k $btc for 2 pizzas
$srdog -> hit $718k , silk road dog, based on Ross Ulbricht (inventor of Silk Road)
$lgr -> hit $509k , Let's Get Rich
$usdc -> hit $472k , Unicorn Solami Donut Cat, good ticker
$minnow -> hit $427k
What are some of your conviction holds? 💰
Everything is sending 👀
High Market Cap Memes
$giga -> $224m to $469m (2.09x)
$spx -> $181m to $387m (2.14x)
$fwog -> $48m to $181m (3.77x from the low)
$michi -> $88m to $172m (1.95x)
$scf -> $57m to $108m (1.89x)
$lockin -> $14 .2m to $48m (2.67x)
$mini -> $12m to $37m (3.08x), new ATH
$sigma -> $7 .8m to $30m (3.84x), new ATH
$aura -> $6m to $26m (4.33x from the low)
$rocky -> $5 .55m to $13m (2.34x)
Rumors Of Satoshi's Identity
$sasha -> $7 .9m to $16 .6m (2.1x), "Bitcoin Cat", Len Sassaman's cat
$len -> hit $4 .79m, redacted Len
$len -> hit $3 .69m
$remus -> hit $2m , Len's dog
#nukumutu -> hit $1 .16m, Redacted Satoshi Nakamoto
- There's a new HBO documentary that claims to reveal Satoshi Nakamoto's identity (bitcoin's founder)
- People are trying to leak who they're going to reveal as Satoshi, there are claims that it's Len Sassaman
Murad Meta
$bingus -> $544k to $8 .4m (15.4x), based on a tweet of Murad shilling bingus back in December 2023
#everything -> hit $2 .56m, based on one of Murad's tweets from May
$morud -> hit $657k
- MustStopMurad recently did an interview where he discusses his thesis on memecoins
Elon Musk Changes His PFP
$dmaga -> $2 .2m to $12m (5.45x)
$based -> hit $1 .85m, "Make America Based Again"
- elonmusk's new pfp is him wearing a make america great again hat
Cat Memes
$bro -> hit $1 .44m, "bro the cat"
$faded -> hit $800k , faded a coin and now you're sidelined, good meme
$bobcat -> hit $335k
$squizo -> hit $215k
Eth Moo Deng
#moodeng -> $2 .67m to $50m (18.7x)
- Moo Deng on $eth has been pumping while the $sol one decreases, rumours of a T1 listing
Other Plays
$ernie -> hit $5 .21m, moonshot launch with new airlock - top 50 holders are periodically refreshed, $132k + in LP Rewards
$laszlo -> hit $1 .27m, famous transaction of 10k $btc for 2 pizzas
$srdog -> hit $718k , silk road dog, based on Ross Ulbricht (inventor of Silk Road)
$lgr -> hit $509k , Let's Get Rich
$usdc -> hit $472k , Unicorn Solami Donut Cat, good ticker
$minnow -> hit $427k
What are some of your conviction holds? 💰
2 months ago
📊 Bitcoin, the moment of truth is approaching.
As the FED has started a new cycle of monetary easing and the Chinese authorities 🇨🇳 have launched an impressive package of support measures for their economy and their stock market, #Bitcoin will soon enter a period where it develops its best performance statistics.
As the FED has started a new cycle of monetary easing and the Chinese authorities 🇨🇳 have launched an impressive package of support measures for their economy and their stock market, #Bitcoin will soon enter a period where it develops its best performance statistics.
2 months ago
At Solana Breakpoint 2024, Charles d’Haussy, CEO of the dYdX Foundation, discussed the protocols’s upcoming enhancements and muse on Solana’s growth.
While dYdX, one of the crypto industry’s oldest decentralized perpetual exchanges, runs its own sovereign appchain, the platform recently integrated Solana-based assets into its platform.
The move brought greater exposure to a wealth of Solana ecosystem tokens, allowing dYdX traders to express their opinion on assets like $SOL , $JUP , and $WIF .
Drawing on his rich experience in the industry, d’Haussy made fascinating remarks about Solana culture.
Solana Builder Energy
When dYdX governance moved to include more Solana-based assets via a Raydium integration in June, d’Haussy and the dYdX were hesitant to approach the Solana community.
“When we started to reach out to the Solana ecosystem, I was kind of cautious and trying to be gentle, not knowing exactly how we would be welcome for conversations about possible integration”
From an outside perspective, blockchain tribalism formed a perceived barrier to entry. Chain maximalism is a serious obstacle within the industry, which is further exacerbated by obstinate and outspoken communities on social media.
Fortunately, away from the noise and distractions of social media, the teams actually building these ecosystems are eager to collaborate and push the collectively push the industry forward. d’Haussy remarked that the Solana Foundation was welcoming and receptive to working alongside teams from alternative ecosystems in the pursuit of progress.
“We were really warmly welcomed. I think the Solana ecosystem has showed us, you want to connect to the Solana ecosystem and bring more mindshare to the Solana ecosystem via your own chain? How can we help you?… The Solana Foundation has been extremely welcoming, connecting us to plenty of people. And the builders were also very welcoming.”
“Sometimes Twitter makes you think that this is all tribes and they look at each other from afar. But the reality is the real builders and the people which are in the industry long enough and for the long term, they are very friendly and they want to grow the cake for everyone.”
Additionally, d’Haussy asserted that “Solana is like Ethereum five years ago”, highlighting the energy and hunger shown by developers building innovative products. The CEO drew comparisons between the atmosphere of week’s earlier Token 2049 conference and Solana Breakpoint.
“We are just out of three days of Token 2049, which is much more salesy and marketing and towards trading activities, which is really the audience of DYDX. So, that was perfect, we had a blast over there. Suddenly, you wake up the next morning and you're going to Solana Breakpoint.”
“It's a bit of a shock for me because suddenly we are surrounded by devs. So, there is this kind of change of seasons overnight between the projects and the business development atmosphere of Token 2049 and here the business, the atmosphere of building here at Solana.”
Blockchain tribalism is a regrettable obstacle, but easily overcome. As evidenced by dYdX and the Solana, teams from different chains can always find ways to work together in a way that benefits both parties and further advances the space.
While dYdX, one of the crypto industry’s oldest decentralized perpetual exchanges, runs its own sovereign appchain, the platform recently integrated Solana-based assets into its platform.
The move brought greater exposure to a wealth of Solana ecosystem tokens, allowing dYdX traders to express their opinion on assets like $SOL , $JUP , and $WIF .
Drawing on his rich experience in the industry, d’Haussy made fascinating remarks about Solana culture.
Solana Builder Energy
When dYdX governance moved to include more Solana-based assets via a Raydium integration in June, d’Haussy and the dYdX were hesitant to approach the Solana community.
“When we started to reach out to the Solana ecosystem, I was kind of cautious and trying to be gentle, not knowing exactly how we would be welcome for conversations about possible integration”
From an outside perspective, blockchain tribalism formed a perceived barrier to entry. Chain maximalism is a serious obstacle within the industry, which is further exacerbated by obstinate and outspoken communities on social media.
Fortunately, away from the noise and distractions of social media, the teams actually building these ecosystems are eager to collaborate and push the collectively push the industry forward. d’Haussy remarked that the Solana Foundation was welcoming and receptive to working alongside teams from alternative ecosystems in the pursuit of progress.
“We were really warmly welcomed. I think the Solana ecosystem has showed us, you want to connect to the Solana ecosystem and bring more mindshare to the Solana ecosystem via your own chain? How can we help you?… The Solana Foundation has been extremely welcoming, connecting us to plenty of people. And the builders were also very welcoming.”
“Sometimes Twitter makes you think that this is all tribes and they look at each other from afar. But the reality is the real builders and the people which are in the industry long enough and for the long term, they are very friendly and they want to grow the cake for everyone.”
Additionally, d’Haussy asserted that “Solana is like Ethereum five years ago”, highlighting the energy and hunger shown by developers building innovative products. The CEO drew comparisons between the atmosphere of week’s earlier Token 2049 conference and Solana Breakpoint.
“We are just out of three days of Token 2049, which is much more salesy and marketing and towards trading activities, which is really the audience of DYDX. So, that was perfect, we had a blast over there. Suddenly, you wake up the next morning and you're going to Solana Breakpoint.”
“It's a bit of a shock for me because suddenly we are surrounded by devs. So, there is this kind of change of seasons overnight between the projects and the business development atmosphere of Token 2049 and here the business, the atmosphere of building here at Solana.”
Blockchain tribalism is a regrettable obstacle, but easily overcome. As evidenced by dYdX and the Solana, teams from different chains can always find ways to work together in a way that benefits both parties and further advances the space.
2 months ago
PayPal, one of the world’s largest financial platforms, continues its mission to deliver blockchain-based services to users and businesses alike.
On September 25, 2024, PayPal announced it would be enabling U.S. merchants to buy, hold, and sell cryptocurrency assets within their business accounts. The move is the latest in a slew of updates made by PayPal as the TradFi giant continues to embrace the cryptocurrency industry.
U.S. Businesses Can Now Store Funds Onchain
Following the successful launch of crypto services for individual users, PayPal remarked that businesses were eager to meet user’s growing demand for more comprehensive crypto services.
"Since we launched the ability for PayPal and Venmo consumers to buy, sell, and hold cryptocurrency in their wallets, we have learned a lot about how they want to use their cryptocurrency… Business owners have increasingly expressed a desire for the same cryptocurrency capabilities available to consumers. We're excited to meet that demand by delivering this new offering, empowering them to engage with digital currencies effortlessly." - Jose Fernandez da Ponte, Senior Vice President of Blockchain, Cryptocurrency, and Digital Currencies, PayPal.
PayPal’s commitment to providing merchants with expanded crypto services and flexibility goes beyond buying and selling digital assets. Merchants can now withdraw cryptocurrencies to external onchain wallets.
While PayPal has stipulated that this feature will be limited to “eligible” wallets, the move also opens the door to more businesses becoming involved in DeFi. For example, businesses holding capital might be able to lend out assets in various onchain lending protocols, earning additional yield on a merchant’s treasury.
$PYUSD Solana Supply Down 40% Since ATH
Since launching on Solana on May 29, 2024, $PYUSD enjoyed meteoric growth. Spurred on by generous liquidity provision incentives, $PYUSD’s Solana-based supply surged to over 663.4M tokens based on Step Finance data. This eclipsed Ethereum’s $PYUSD supply, making Solana the unofficial home of PayPal’s crypto services.
However, as $PYUSD reward campaigns have slowed and market conditions improved, the supply of PayPal USD on Solana has declined. At its highest point on August 28, 2024, Solana hosted $PYUSD 65.79% supply dominance.
Based on DeFiLlama data, that figure has since fallen to just 50.4%, with PayPal USD’s Solana-based supply currently sitting at 354M.
It's unlikely that PayPal merchants based in the U.S. will rush to bring their stablecoin holdings onchain and deploy them in Solana DeFi protocols. However, the move highlights PayPal’s willingness to respond positively to customer feedback and integrate blockchain technology into its expansive product suite.
On September 25, 2024, PayPal announced it would be enabling U.S. merchants to buy, hold, and sell cryptocurrency assets within their business accounts. The move is the latest in a slew of updates made by PayPal as the TradFi giant continues to embrace the cryptocurrency industry.
U.S. Businesses Can Now Store Funds Onchain
Following the successful launch of crypto services for individual users, PayPal remarked that businesses were eager to meet user’s growing demand for more comprehensive crypto services.
"Since we launched the ability for PayPal and Venmo consumers to buy, sell, and hold cryptocurrency in their wallets, we have learned a lot about how they want to use their cryptocurrency… Business owners have increasingly expressed a desire for the same cryptocurrency capabilities available to consumers. We're excited to meet that demand by delivering this new offering, empowering them to engage with digital currencies effortlessly." - Jose Fernandez da Ponte, Senior Vice President of Blockchain, Cryptocurrency, and Digital Currencies, PayPal.
PayPal’s commitment to providing merchants with expanded crypto services and flexibility goes beyond buying and selling digital assets. Merchants can now withdraw cryptocurrencies to external onchain wallets.
While PayPal has stipulated that this feature will be limited to “eligible” wallets, the move also opens the door to more businesses becoming involved in DeFi. For example, businesses holding capital might be able to lend out assets in various onchain lending protocols, earning additional yield on a merchant’s treasury.
$PYUSD Solana Supply Down 40% Since ATH
Since launching on Solana on May 29, 2024, $PYUSD enjoyed meteoric growth. Spurred on by generous liquidity provision incentives, $PYUSD’s Solana-based supply surged to over 663.4M tokens based on Step Finance data. This eclipsed Ethereum’s $PYUSD supply, making Solana the unofficial home of PayPal’s crypto services.
However, as $PYUSD reward campaigns have slowed and market conditions improved, the supply of PayPal USD on Solana has declined. At its highest point on August 28, 2024, Solana hosted $PYUSD 65.79% supply dominance.
Based on DeFiLlama data, that figure has since fallen to just 50.4%, with PayPal USD’s Solana-based supply currently sitting at 354M.
It's unlikely that PayPal merchants based in the U.S. will rush to bring their stablecoin holdings onchain and deploy them in Solana DeFi protocols. However, the move highlights PayPal’s willingness to respond positively to customer feedback and integrate blockchain technology into its expansive product suite.
2 months ago
Chapter Two Rebrands as ‘Solana Seeker’, Unveiling a Range of New Features and Enhancements
140,000 pre-orders later, Solana Mobile’s next generation web3 smartphone emerges from its ‘stealth phase’.
Solana Mobile, the team behind the wildly popular Solana Saga device, has finally unveiled the eagerly awaited Solana Seeker. The next generation web3 smartphone is slated for release in 2025, offering a host of improved features and benefits.
Following the rampant success of the sellout Solana Saga, Solana Mobile stealth-launched the mysterious ‘Chapter Two’. Despite being light on details, Solana Chapter Two was well-received by the wider crypto-community. Solana Mobile’s next generation device has already been pre-ordered over 140,000 times, with recipients eager to get their hands on fresh Solana hardware.
Both the Solana Saga and the Seeker, formerly ‘Chapter Two’ have been embraced by Solana’s mobile development community. Saga owners and Seeker Genesis token holders have been generously rewarded with a litany of airdrops, as well as a vast selection of dApps and features designed exclusively for the Solana Seeker ahead of the device’s launch.
Since its inception, Solana co-founder Anatoly Yakovenko has been one of Solana Mobile’s staunchest advocates. Championing mobile devices and services as a key area of growth for the network, Yakovenko contends that the Seeker will improve on the standards set by the Saga at more accessible prices.
“We founded Solana Mobile with the mission of taking crypto mobile. To achieve that, we needed to make Seeker more accessible, more affordable, and for its hardware and software to be even more deeply integrated for web3. The support from across the Solana community so far has been incredible, and with features like the new Seed Vault Wallet and the updated Solana dApp Store, we think Seeker will be the definitive web3 mobile device when it comes out next year.” - Anatoly Yakovenko, Solana Labs co-founder
What new features can users expect from the Saga’s highly-anticipated successor?
New Phone, New Features
While the full range of improvements and hardware specifications is yet to be announced, Solana Mobile has teased the following features for the upcoming Seeker:
Seed Vault Wallet - The Seeker comes complete with a built-in self-custodial Seed Vault to provide a frictionless web3 mobile experience. Designed exclusively for the Seeker in collaboration with Solflare, the Seed Vault support double-tap transactions and simplified account management.
Solana Mobile dApp Store - Competing directly with the Apple/Google duopoly, the Solana Mobile dApp Store debuts a compelling new rewards tracker and offers enhanced discoverability for DeFi, NFTs, DePIN, Gaming, and Payments applications.
Seeker Genesis Token - A soulbound NFT, the Seeker Genesis Token is a non-transferrable asset that gives holders exclusive access to rewards, content and opportunities throughout Solana’s thriving ecosystem.
Enhanced Hardware - Seeker promises a dramatically improved build quality, boasting a superior camera, extended battery life, a lighter design, and a brighter display than its predecessor.
With 2025 just around the corner, the launch and distribution of Solana Seeker may come sooner than expected. Given the generous incentives and rewards enjoyed by Solana holders, the Solana community awaits the launch of Solana Seeker with bated breath.
140,000 pre-orders later, Solana Mobile’s next generation web3 smartphone emerges from its ‘stealth phase’.
Solana Mobile, the team behind the wildly popular Solana Saga device, has finally unveiled the eagerly awaited Solana Seeker. The next generation web3 smartphone is slated for release in 2025, offering a host of improved features and benefits.
Following the rampant success of the sellout Solana Saga, Solana Mobile stealth-launched the mysterious ‘Chapter Two’. Despite being light on details, Solana Chapter Two was well-received by the wider crypto-community. Solana Mobile’s next generation device has already been pre-ordered over 140,000 times, with recipients eager to get their hands on fresh Solana hardware.
Both the Solana Saga and the Seeker, formerly ‘Chapter Two’ have been embraced by Solana’s mobile development community. Saga owners and Seeker Genesis token holders have been generously rewarded with a litany of airdrops, as well as a vast selection of dApps and features designed exclusively for the Solana Seeker ahead of the device’s launch.
Since its inception, Solana co-founder Anatoly Yakovenko has been one of Solana Mobile’s staunchest advocates. Championing mobile devices and services as a key area of growth for the network, Yakovenko contends that the Seeker will improve on the standards set by the Saga at more accessible prices.
“We founded Solana Mobile with the mission of taking crypto mobile. To achieve that, we needed to make Seeker more accessible, more affordable, and for its hardware and software to be even more deeply integrated for web3. The support from across the Solana community so far has been incredible, and with features like the new Seed Vault Wallet and the updated Solana dApp Store, we think Seeker will be the definitive web3 mobile device when it comes out next year.” - Anatoly Yakovenko, Solana Labs co-founder
What new features can users expect from the Saga’s highly-anticipated successor?
New Phone, New Features
While the full range of improvements and hardware specifications is yet to be announced, Solana Mobile has teased the following features for the upcoming Seeker:
Seed Vault Wallet - The Seeker comes complete with a built-in self-custodial Seed Vault to provide a frictionless web3 mobile experience. Designed exclusively for the Seeker in collaboration with Solflare, the Seed Vault support double-tap transactions and simplified account management.
Solana Mobile dApp Store - Competing directly with the Apple/Google duopoly, the Solana Mobile dApp Store debuts a compelling new rewards tracker and offers enhanced discoverability for DeFi, NFTs, DePIN, Gaming, and Payments applications.
Seeker Genesis Token - A soulbound NFT, the Seeker Genesis Token is a non-transferrable asset that gives holders exclusive access to rewards, content and opportunities throughout Solana’s thriving ecosystem.
Enhanced Hardware - Seeker promises a dramatically improved build quality, boasting a superior camera, extended battery life, a lighter design, and a brighter display than its predecessor.
With 2025 just around the corner, the launch and distribution of Solana Seeker may come sooner than expected. Given the generous incentives and rewards enjoyed by Solana holders, the Solana community awaits the launch of Solana Seeker with bated breath.
2 months ago
$HONEY , $MPLX , $CROWN Lead Solana Ecosystem Token Performance During Breakpoint
Which native tokens outperformed the market during Solana Breakpoint 2024?
Solana Breakpoint delivered a bounty of massive announcements not only for Solana, but also for a host of applications and projects building in the ecosystem.
However, market dynamics don’t always line up with protocol updates. Hype and speculation can push prices up ahead of the event, only to be met with disappointing price action when teams don’t deliver the news traders are hoping to hear.
On the other hand, projects that were ignored by speculative traders can enjoy solid price appreciation when they deliver unexpected announcements.
In the eyes of the market, who were Solana Breakpoint’s best and worst performers?
Solana Breakpoint Market Dynamics
To illustrate market dynamics during Breakpoint, analysts compiled and analyzed price data from 20 key projects in the ecosystem. Tokens were shortlisted from the following criteria:
In the industry’s top 1,000 tokens by market capitalization.
Made announcements, or participated in Breakpoint panels and debates.
If not presenting at the event, proven ecosystem OGs like Orca and Raydium were included.
Other than BONK Memecoins were excluded. BONK’s inclusion is due to its announcements and significant presence at the event.
Using Step Finance data, prices were pulled from Breakpoint’s opening and compared that with the price recorded at the closure of the event.
While the market anticipated big announcements from the likes of Jupiter and Sanctum, it was the projects that no one expected updates from who performed the best. $HONEY , $MPLX , and $CROWN outperformed the market, while most of the ecosystem remained largely unchanged.
Hivemapper, the company behind $HONEY , shared impressive growth statistics. The DePIN protocol has successfully mapped over 26% of the world’s road network and now sells mapping data to three of the ten largest mapmakers.
Metaplex, one of Solana’s longest-standing infrastructure providers, held a stealthy presentation in The Pod, one of Breakpoint’s smaller spaces. During the session, Metaplex teased the upcoming launch of the Metaplex Aura Network, a mysterious new addition to Metaplex’s product suite.
Finally, Photo Finish announced that its mobile app was approved for distribution on the Apple App Store. According to Photo Finish CEO, this makes the app the world’s first real-money horse racing mobile game approved by Apple.
However, Breakpoint is a relatively short event with plenty of other dynamics influencing price movements. For example, $CLOUD’s appears to have traded sideways during Breakpoint, but it needs to be said that the asset enjoyed an impressive surge both before and after the event.
Despite stale price action throughout Breakpoint, $CLOUD is up 67% on a weekly time frame and has been one of the Solana ecosystem’s best performers, based on Step Finance data.
Which native tokens outperformed the market during Solana Breakpoint 2024?
Solana Breakpoint delivered a bounty of massive announcements not only for Solana, but also for a host of applications and projects building in the ecosystem.
However, market dynamics don’t always line up with protocol updates. Hype and speculation can push prices up ahead of the event, only to be met with disappointing price action when teams don’t deliver the news traders are hoping to hear.
On the other hand, projects that were ignored by speculative traders can enjoy solid price appreciation when they deliver unexpected announcements.
In the eyes of the market, who were Solana Breakpoint’s best and worst performers?
Solana Breakpoint Market Dynamics
To illustrate market dynamics during Breakpoint, analysts compiled and analyzed price data from 20 key projects in the ecosystem. Tokens were shortlisted from the following criteria:
In the industry’s top 1,000 tokens by market capitalization.
Made announcements, or participated in Breakpoint panels and debates.
If not presenting at the event, proven ecosystem OGs like Orca and Raydium were included.
Other than BONK Memecoins were excluded. BONK’s inclusion is due to its announcements and significant presence at the event.
Using Step Finance data, prices were pulled from Breakpoint’s opening and compared that with the price recorded at the closure of the event.
While the market anticipated big announcements from the likes of Jupiter and Sanctum, it was the projects that no one expected updates from who performed the best. $HONEY , $MPLX , and $CROWN outperformed the market, while most of the ecosystem remained largely unchanged.
Hivemapper, the company behind $HONEY , shared impressive growth statistics. The DePIN protocol has successfully mapped over 26% of the world’s road network and now sells mapping data to three of the ten largest mapmakers.
Metaplex, one of Solana’s longest-standing infrastructure providers, held a stealthy presentation in The Pod, one of Breakpoint’s smaller spaces. During the session, Metaplex teased the upcoming launch of the Metaplex Aura Network, a mysterious new addition to Metaplex’s product suite.
Finally, Photo Finish announced that its mobile app was approved for distribution on the Apple App Store. According to Photo Finish CEO, this makes the app the world’s first real-money horse racing mobile game approved by Apple.
However, Breakpoint is a relatively short event with plenty of other dynamics influencing price movements. For example, $CLOUD’s appears to have traded sideways during Breakpoint, but it needs to be said that the asset enjoyed an impressive surge both before and after the event.
Despite stale price action throughout Breakpoint, $CLOUD is up 67% on a weekly time frame and has been one of the Solana ecosystem’s best performers, based on Step Finance data.
2 months ago
Drift Protocol, a rising star in the Solana DeFi space, has secured a $25 million Series B funding round led by crypto venture firm Multicoin Capital. This significant investment follows Drift's series of strategic moves to capture a larger share of the diverse DeFi derivatives market and will fuel an ambitious expansion of its team.
Drift's recent launch of BET on DRIFT, a prediction market built on Solana ahead of the US elections, has garnered considerable attention. Within just one week of launch, Drift flipped PolyMarket in 24-hour volume on August 28th, 2024, signaling a strong user response and a potential shift in the prediction market landscape.
The platform's rapid growth, with $388 million in total value locked (TVL) and a series of successful product launches, has attracted significant investor interest. While details of the latest funding round remain unclear, it is believed to be a private token sale, given Drift's existing $DRIFT token launched in May 2024.
Multicoin Capital's Managing Partner, Kyle Samani, confirmed the private nature of the funding round in a tweet posted a few days before the official announcement. He expressed strong confidence in Drift's potential: "We have been analyzing DeFi derivatives pretty seriously since 2019-2020, and we believe that Drift Protocol is the best positioned protocol to capture that opportunity. We led multiple private rounds and have been buying on the public market since the token launched in May."
The Drift token $DRIFT has surged by 77% in the past 30 days, currently trading at.73 at press time.
Drift's Journey: From Seed to Series B and Beyond
Drift's journey to this point has been marked by steady growth and strategic fundraising. The platform raised $3 .8 million in a seed round in 2021, followed by a $23 .5 million Series A round in May 2023. This latest funding round brings Drift's total funding to an impressive $52 .5 million, positioning it for further expansion and innovation.
Fueling Growth: Doubling the Team
With this fresh injection of capital, Drift is set to embark on an aggressive growth trajectory. The company plans to double its headcount from 25 to 50 within the next year. This expansion will bolster Drift's capabilities across various fronts, including engineering, product development, marketing, and business development.
With fresh capital and a growing user base, Drift is well-positioned to execute its ambitious roadmap. The platform plans to expand its suite of financial services tools, enhance its cross-margin functionality, and further develop its prediction market offerings.
Drift's recent launch of BET on DRIFT, a prediction market built on Solana ahead of the US elections, has garnered considerable attention. Within just one week of launch, Drift flipped PolyMarket in 24-hour volume on August 28th, 2024, signaling a strong user response and a potential shift in the prediction market landscape.
The platform's rapid growth, with $388 million in total value locked (TVL) and a series of successful product launches, has attracted significant investor interest. While details of the latest funding round remain unclear, it is believed to be a private token sale, given Drift's existing $DRIFT token launched in May 2024.
Multicoin Capital's Managing Partner, Kyle Samani, confirmed the private nature of the funding round in a tweet posted a few days before the official announcement. He expressed strong confidence in Drift's potential: "We have been analyzing DeFi derivatives pretty seriously since 2019-2020, and we believe that Drift Protocol is the best positioned protocol to capture that opportunity. We led multiple private rounds and have been buying on the public market since the token launched in May."
The Drift token $DRIFT has surged by 77% in the past 30 days, currently trading at.73 at press time.
Drift's Journey: From Seed to Series B and Beyond
Drift's journey to this point has been marked by steady growth and strategic fundraising. The platform raised $3 .8 million in a seed round in 2021, followed by a $23 .5 million Series A round in May 2023. This latest funding round brings Drift's total funding to an impressive $52 .5 million, positioning it for further expansion and innovation.
Fueling Growth: Doubling the Team
With this fresh injection of capital, Drift is set to embark on an aggressive growth trajectory. The company plans to double its headcount from 25 to 50 within the next year. This expansion will bolster Drift's capabilities across various fronts, including engineering, product development, marketing, and business development.
With fresh capital and a growing user base, Drift is well-positioned to execute its ambitious roadmap. The platform plans to expand its suite of financial services tools, enhance its cross-margin functionality, and further develop its prediction market offerings.
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.
2 months ago
Presenting at Breakpoint 2024, FluxBeam and RugCheck founder Scott Hague unveiled a litany of new product updates to the comprehensive DeFi platform.
Hague shed more light on some new features and promising developments in scam prevention and interception on the Solana network.
DIVING DEEPER INTO FLUXBEAM INFINITY
FluxBeam Infinity introduces a multitude of competitive new features to the decentralized exchange platform. Taking the stage at Breakpoint 2024, Hague highlighted the key tools that promise to improve the terminal’s user experience, including improved speed, unified data aggregation, and advanced limit orders.
In addition to these features, FluxBeam Infinity will also implement complex automated trading tools. Users will be able to design customizable trading algorithms, drawing from both onchain and offchain events.
“Obviously, the automation is our big key thing this year, whereby we really want to allow users to come in and trade on any news, whether that's on-chain, off-chain, even the weather if you want to, but be able to take that data, make actionable insight from it and then trade automatically on-chain. Similar to algo trading in TradFi.”
As part of the new data aggregation, Fluxbeam is also implementing sentiment analysis. This essential tool helps traders accurately gauge market sentiment surrounding certain assets by tracking discussion through various forms of media.
With over a decade of experience in AI, Hague is well-equipped to ensure that Fluxbeam’s sentiment analysis won’t fall victim to artificial commentary. When asked what countermeasures Fluxbeam’s sentiment has taken to combat false commentary, Hague asserted:
“We run essentially a scoring system similar to RugCheck on every single account and say, okay, well, this is a high likelihood of being a bot or this is a high likelihood of being an influencer. Influencers obviously can't, they can to an extent fake their following base, but they can't really fake their engagement over a long period of time.”
While suggesting that analyzing social media commentary is a relatively simple affair, Hague concedes that tracking sentiment from news sites is more nuanced. Fluxbeam combats this by only pulling sentiment data from reputable sources, a strategy Hague admits “comes with its own bias”.
NEW $FLUXB DEFLATIONARY MECHANICS
The rollout of Fluxbeam Infinity is expected to coincide with new token mechanics that aim to provide value to $FLUXB , the platform’s native asset.
Fluxbeam Infinity will implement a new buyback-and-burn algorithm. The mechanism introduces a fee split to Fluxbeam Infinity’s powerful new features, with 50% of accrued platform fees being used to buy $FLUXB off the market and permanently remove tokens from circulation.
“With our new products of both the advanced limit orders and automation, all of that is actually going to have a fee split on it where we start to burn down $FLUXB . Every time there's a trade or something like that, we take a small fee, split 50-50, and then that $FLUXB will slowly start to burn down just so we can get the supply down and really start to reward our long-term holders.”
In addition to the new burn feature, Hague confirmed that Fluxbeam intends to launch a Season 2 incentives program to reward platform users.
RUGCHECK ENGAGES EXCHANGES TO INTERCEPT ONCHAIN SCAMMERS
Alongside FluxBeam, Hague has also spearheaded the development and growth of RugCheck, one of Solana’s most popular security tools. Over the past year, Solana traders have generated over 100M token reports via RugCheck, trusting the protocol’s analysis to gauge the safety of onchain assets.
Over the course of the last year, RugCheck has built up a significant database of scammer wallets and their associated CEX accounts and off-ramping pathways. Scammers often use CEX accounts to launder and obfuscate funds.
Hague shed more light on some new features and promising developments in scam prevention and interception on the Solana network.
DIVING DEEPER INTO FLUXBEAM INFINITY
FluxBeam Infinity introduces a multitude of competitive new features to the decentralized exchange platform. Taking the stage at Breakpoint 2024, Hague highlighted the key tools that promise to improve the terminal’s user experience, including improved speed, unified data aggregation, and advanced limit orders.
In addition to these features, FluxBeam Infinity will also implement complex automated trading tools. Users will be able to design customizable trading algorithms, drawing from both onchain and offchain events.
“Obviously, the automation is our big key thing this year, whereby we really want to allow users to come in and trade on any news, whether that's on-chain, off-chain, even the weather if you want to, but be able to take that data, make actionable insight from it and then trade automatically on-chain. Similar to algo trading in TradFi.”
As part of the new data aggregation, Fluxbeam is also implementing sentiment analysis. This essential tool helps traders accurately gauge market sentiment surrounding certain assets by tracking discussion through various forms of media.
With over a decade of experience in AI, Hague is well-equipped to ensure that Fluxbeam’s sentiment analysis won’t fall victim to artificial commentary. When asked what countermeasures Fluxbeam’s sentiment has taken to combat false commentary, Hague asserted:
“We run essentially a scoring system similar to RugCheck on every single account and say, okay, well, this is a high likelihood of being a bot or this is a high likelihood of being an influencer. Influencers obviously can't, they can to an extent fake their following base, but they can't really fake their engagement over a long period of time.”
While suggesting that analyzing social media commentary is a relatively simple affair, Hague concedes that tracking sentiment from news sites is more nuanced. Fluxbeam combats this by only pulling sentiment data from reputable sources, a strategy Hague admits “comes with its own bias”.
NEW $FLUXB DEFLATIONARY MECHANICS
The rollout of Fluxbeam Infinity is expected to coincide with new token mechanics that aim to provide value to $FLUXB , the platform’s native asset.
Fluxbeam Infinity will implement a new buyback-and-burn algorithm. The mechanism introduces a fee split to Fluxbeam Infinity’s powerful new features, with 50% of accrued platform fees being used to buy $FLUXB off the market and permanently remove tokens from circulation.
“With our new products of both the advanced limit orders and automation, all of that is actually going to have a fee split on it where we start to burn down $FLUXB . Every time there's a trade or something like that, we take a small fee, split 50-50, and then that $FLUXB will slowly start to burn down just so we can get the supply down and really start to reward our long-term holders.”
In addition to the new burn feature, Hague confirmed that Fluxbeam intends to launch a Season 2 incentives program to reward platform users.
RUGCHECK ENGAGES EXCHANGES TO INTERCEPT ONCHAIN SCAMMERS
Alongside FluxBeam, Hague has also spearheaded the development and growth of RugCheck, one of Solana’s most popular security tools. Over the past year, Solana traders have generated over 100M token reports via RugCheck, trusting the protocol’s analysis to gauge the safety of onchain assets.
Over the course of the last year, RugCheck has built up a significant database of scammer wallets and their associated CEX accounts and off-ramping pathways. Scammers often use CEX accounts to launder and obfuscate funds.
2 months ago
HIGHLIGHTS FROM SOLANA BREAKPOINT DAY TWO
Solana Breakpoint Day One set a rapid pace, with milestone announcements about Firedancer, key product updates from Jupiter, and trillion-dollar asset manager Franklin Templeton disclosing its intention to build a mutual fund on Solana.
Despite the high expectations following a blistering Day One, Day Two kept the momentum alive and delivered plenty of showstopping announcements.
COINBASE TO LAUNCH cbBTC ON SOLANA
Coinbase, one of the industry’s most popular centralized exchanges, announced its intention to deploy its wrapped version of Bitcoin on the Solana network. Since launching on Ethereum and Base just a few weeks earlier, cbBTC has quickly climbed the ranks to become the third-largest wrapped Bitcoin token in the market.
The move is expected to bring more of Bitcoin’s deep liquidity to Solana, where cbBTC can be integrated into various DeFi applications and increase capital efficiency on the network.
FIREDANCER LIVE ON MAINNET FOR NON-VOTE TRANSACTIONS
FireDancer may have stolen the show on Day One, but the Jump Crypto developers weren’t content to stop there. Firedancer’s Research and Development Architect, Phillip Taffet, and Production Engineer Anway De announced that the full Firedancer validator client was now live on the Solana mainnet for non-vote transactions.
But that wasn’t all that the Firedancer team had in store. A live demo also demonstrated the Frankendancer client executing 1.04M transactions per second.
MAGIC EDEN UNVEILS NEW FEATURES
Magic Eden, the blockchain industry’s largest NFT marketplace across all chains in terms of trading revenue, outlined some of its future plans.
Showcasing a more composable cross-chain ecosystem Magic Eden teased new features like the ability to swap fungible assets on one chain for non-fungible assets on a completely different network.
In a move that didn’t surprise anyone, Magic Eden also announced that its upcoming $ME token will be launched on Solana.
deBridge ANNOUNCES TGE
The deBridge ($DBR) token airdrop has been one of the most anticipated TGEs in recent months.
To thunderous applause from a captivated audience, deBridge co-founder Alex Smirnov announced that $DBR is scheduled to go live on the 17th of October.
Smirnov also used his time in the spotlight to share a wealth of new product features coming to the deBridge application, including gasless bridging and the integration of new chains live Bitcoin and Tron.
BONK ETP
One of Solana’s favorite memecoins, BONK made its presence known at Breakpoint. But beyond the BONK boxing ring, BONK core contributor Nom highlighted the prolific growth of the Bonk brand, which has secured impressive partnerships across the Web2 world, like its sponsorship of Borussia Dortmund.
Affirming BONK’s rise from memecoin, to cultural movement, to financial entity, Nom also announced the team’s intention to launch a BONK ETP. The move is believed to be a precursor to an eventual BONK ETF.
SANCTUM ANNOUNCES BIG UPDATES
Sanctum, the Solana DeFi powerhouse bringing greater flexibility to LST (Liquid Staking Tokens), announced several exciting updates.
First, Sanctum co-founder FP Lee introduced ‘Creator Coins’, a novel spin on LSTs that provides new tools for individuals, communities, and businesses to build, grow, and monetize their audiences.
Lee also announced the upcoming launch of a Sanctum card. Conceived in collaboration with BasedApp and Jupiter, the Cloud Card is expected to facilitate real-world payments using Solana-based crypto assets.
Finally, the Sanctum founder also shared that the platform’s polarizing incentives campaign, Wonderland, would be making its return soon with a second season of rewards.
Solana Breakpoint Day One set a rapid pace, with milestone announcements about Firedancer, key product updates from Jupiter, and trillion-dollar asset manager Franklin Templeton disclosing its intention to build a mutual fund on Solana.
Despite the high expectations following a blistering Day One, Day Two kept the momentum alive and delivered plenty of showstopping announcements.
COINBASE TO LAUNCH cbBTC ON SOLANA
Coinbase, one of the industry’s most popular centralized exchanges, announced its intention to deploy its wrapped version of Bitcoin on the Solana network. Since launching on Ethereum and Base just a few weeks earlier, cbBTC has quickly climbed the ranks to become the third-largest wrapped Bitcoin token in the market.
The move is expected to bring more of Bitcoin’s deep liquidity to Solana, where cbBTC can be integrated into various DeFi applications and increase capital efficiency on the network.
FIREDANCER LIVE ON MAINNET FOR NON-VOTE TRANSACTIONS
FireDancer may have stolen the show on Day One, but the Jump Crypto developers weren’t content to stop there. Firedancer’s Research and Development Architect, Phillip Taffet, and Production Engineer Anway De announced that the full Firedancer validator client was now live on the Solana mainnet for non-vote transactions.
But that wasn’t all that the Firedancer team had in store. A live demo also demonstrated the Frankendancer client executing 1.04M transactions per second.
MAGIC EDEN UNVEILS NEW FEATURES
Magic Eden, the blockchain industry’s largest NFT marketplace across all chains in terms of trading revenue, outlined some of its future plans.
Showcasing a more composable cross-chain ecosystem Magic Eden teased new features like the ability to swap fungible assets on one chain for non-fungible assets on a completely different network.
In a move that didn’t surprise anyone, Magic Eden also announced that its upcoming $ME token will be launched on Solana.
deBridge ANNOUNCES TGE
The deBridge ($DBR) token airdrop has been one of the most anticipated TGEs in recent months.
To thunderous applause from a captivated audience, deBridge co-founder Alex Smirnov announced that $DBR is scheduled to go live on the 17th of October.
Smirnov also used his time in the spotlight to share a wealth of new product features coming to the deBridge application, including gasless bridging and the integration of new chains live Bitcoin and Tron.
BONK ETP
One of Solana’s favorite memecoins, BONK made its presence known at Breakpoint. But beyond the BONK boxing ring, BONK core contributor Nom highlighted the prolific growth of the Bonk brand, which has secured impressive partnerships across the Web2 world, like its sponsorship of Borussia Dortmund.
Affirming BONK’s rise from memecoin, to cultural movement, to financial entity, Nom also announced the team’s intention to launch a BONK ETP. The move is believed to be a precursor to an eventual BONK ETF.
SANCTUM ANNOUNCES BIG UPDATES
Sanctum, the Solana DeFi powerhouse bringing greater flexibility to LST (Liquid Staking Tokens), announced several exciting updates.
First, Sanctum co-founder FP Lee introduced ‘Creator Coins’, a novel spin on LSTs that provides new tools for individuals, communities, and businesses to build, grow, and monetize their audiences.
Lee also announced the upcoming launch of a Sanctum card. Conceived in collaboration with BasedApp and Jupiter, the Cloud Card is expected to facilitate real-world payments using Solana-based crypto assets.
Finally, the Sanctum founder also shared that the platform’s polarizing incentives campaign, Wonderland, would be making its return soon with a second season of rewards.
2 months ago
🚨 A major security issue in Bitcoin Core would affect 17% of the network which could be exposed to a denial of service attack.
All software prior to Bitcoin Core version 24.0.1 may be at risk.
Although very serious, few known exploits of this bug exist as it is quite costly.
However, this is a security flaw that could be exploited by an extremely wealthy, powerful, or sophisticated actor, such as a nation, that wanted to disrupt Bitcoin operations for non-financial reasons
All software prior to Bitcoin Core version 24.0.1 may be at risk.
Although very serious, few known exploits of this bug exist as it is quite costly.
However, this is a security flaw that could be exploited by an extremely wealthy, powerful, or sophisticated actor, such as a nation, that wanted to disrupt Bitcoin operations for non-financial reasons
2 months ago
The bulls are in charge as markets pump 🐂📈
But can J Pow really stick that Goldilocks landing to secure that full-on bull market?
What you should know 👇
========================================
Bulls appear to be firmly in control as the market prices in the “Goldilocks” landing scenario following Wednesday's major rate cut announcement.
What’s the Scoop?
✂️ Fed Cuts: Wednesday, America’s Federal Reserve announced a 50 bps (0.5%) decrease to its benchmark short-term policy rate in the central bank’s first instance of monetary easing during the post-Covid era.
📊 Volatile Regime: While markets initially rallied on confirmation of the telegraphed Fed cuts, they gave back the gains headed into the U.S. close and finished out that first day red. Although the bullish impulse from Fed cuts didn’t transpire until after the close, the broad market S&P 500 opened 1.5% higher today, the index’s strongest overnight gain since 2022 and its largest gap up opening to new all-time highs in at least 35 years.
🌼 Achieving Goldilocks: High interest rates were tough on the economy, but they were seen as necessary to control the big inflation that hit in 2022. Now that inflation has slowed down a lot in recent months, the Fed can start easing up on its monetary policies. Despite some softening in the labor market, numbers aren't pointing to imminent disaster, and global central bankers remain supremely confident they can keep unemployment from rising too much without causing more inflation through carefully calculated interest rate cuts.
📢 Bankless Take: The best mix of conditions seems to be coming together, boosting economic optimism and giving the green light for bulls to push markets to new all-time highs. While investors will see tanking inflation data as bullish and shrug off deteriorating labor conditions in the weeks ahead thanks to renewed confidence in the Fed Put, an unexpected turn for the worse will swiftly give way to serious recession concerns.
Analysis by JackInabinet
But can J Pow really stick that Goldilocks landing to secure that full-on bull market?
What you should know 👇
========================================
Bulls appear to be firmly in control as the market prices in the “Goldilocks” landing scenario following Wednesday's major rate cut announcement.
What’s the Scoop?
✂️ Fed Cuts: Wednesday, America’s Federal Reserve announced a 50 bps (0.5%) decrease to its benchmark short-term policy rate in the central bank’s first instance of monetary easing during the post-Covid era.
📊 Volatile Regime: While markets initially rallied on confirmation of the telegraphed Fed cuts, they gave back the gains headed into the U.S. close and finished out that first day red. Although the bullish impulse from Fed cuts didn’t transpire until after the close, the broad market S&P 500 opened 1.5% higher today, the index’s strongest overnight gain since 2022 and its largest gap up opening to new all-time highs in at least 35 years.
🌼 Achieving Goldilocks: High interest rates were tough on the economy, but they were seen as necessary to control the big inflation that hit in 2022. Now that inflation has slowed down a lot in recent months, the Fed can start easing up on its monetary policies. Despite some softening in the labor market, numbers aren't pointing to imminent disaster, and global central bankers remain supremely confident they can keep unemployment from rising too much without causing more inflation through carefully calculated interest rate cuts.
📢 Bankless Take: The best mix of conditions seems to be coming together, boosting economic optimism and giving the green light for bulls to push markets to new all-time highs. While investors will see tanking inflation data as bullish and shrug off deteriorating labor conditions in the weeks ahead thanks to renewed confidence in the Fed Put, an unexpected turn for the worse will swiftly give way to serious recession concerns.
Analysis by JackInabinet
3 months ago
Will rate cuts restart crypto's bull run? 🐂
Here's what could happen next 👇
========================================
In 2022, the Fed raised interest rates to tackle high inflation, which made borrowing more expensive and led to falling asset prices, resulting in a bear market. However, with lower interest rates, many expect monetary easing that could gently guide the global economy into a "Soft Landing."
If inflation doesn’t spike again and rate cuts help keep unemployment stable, central bankers could achieve something incredible—removing major economic uncertainties and delivering a level of global economic stability we haven’t seen in decades!
Although the Fed's latest economic projections seem to favor more future rate cuts, they also reflect how uncertain things are, with inflation forecasts being lowered, flat GDP estimates, and non-trivial upticks in unemployment expectations.
The greatest economic risk has shifted from higher inflation to falling employment, as shown by the decision to cut rates. Even though Federal Reserve members and other central bankers are confident they can manage these risks with further rate cuts, any continued economic decline could rapidly devolve into serious recession concerns.
Global bond yields that had been increasing since Tuesday dropped only slightly after the rate cuts were confirmed, suggesting the market had already factored this in with earlier moves downwards since July. While Bitcoin briefly jumped about 2% right after the rate cut news, markets started selling off soon after, erasing those gains before the day ended.
While the initial excitement around the rate cuts was clear, investors are now carefully watching how the economy reacts to these changes, with hopes pinned on a smooth transition but wary of potential bumps ahead.
Whether this will truly ignite the next crypto bull market or trigger deeper recession concerns remains to be seen as the balancing act between inflation, employment, and growth continues to unfold.
Analysis by JackInabinet
Here's what could happen next 👇
========================================
In 2022, the Fed raised interest rates to tackle high inflation, which made borrowing more expensive and led to falling asset prices, resulting in a bear market. However, with lower interest rates, many expect monetary easing that could gently guide the global economy into a "Soft Landing."
If inflation doesn’t spike again and rate cuts help keep unemployment stable, central bankers could achieve something incredible—removing major economic uncertainties and delivering a level of global economic stability we haven’t seen in decades!
Although the Fed's latest economic projections seem to favor more future rate cuts, they also reflect how uncertain things are, with inflation forecasts being lowered, flat GDP estimates, and non-trivial upticks in unemployment expectations.
The greatest economic risk has shifted from higher inflation to falling employment, as shown by the decision to cut rates. Even though Federal Reserve members and other central bankers are confident they can manage these risks with further rate cuts, any continued economic decline could rapidly devolve into serious recession concerns.
Global bond yields that had been increasing since Tuesday dropped only slightly after the rate cuts were confirmed, suggesting the market had already factored this in with earlier moves downwards since July. While Bitcoin briefly jumped about 2% right after the rate cut news, markets started selling off soon after, erasing those gains before the day ended.
While the initial excitement around the rate cuts was clear, investors are now carefully watching how the economy reacts to these changes, with hopes pinned on a smooth transition but wary of potential bumps ahead.
Whether this will truly ignite the next crypto bull market or trigger deeper recession concerns remains to be seen as the balancing act between inflation, employment, and growth continues to unfold.
Analysis by JackInabinet
3 months ago
The US is urging Nigeria to release Binance employee Tigran Gambaryan, detained since February. US officials, including Secretary Blinken, have raised concerns over his deteriorating health, pressing for his release on humanitarian grounds.
3 months ago
Imagine hating me but reading every few weeks/months that a corrupt police force find and steal from me MORE MONEY than you’ll make in your entire life.
Then tweeting that I’m poor “this time”.
😅😅.
Nobody can ever imagine how hilarious I find this.
Then tweeting that I’m poor “this time”.
😅😅.
Nobody can ever imagine how hilarious I find this.
3 months ago
Crypto markets have suffered noticeable pullbacks following September 10’s highly anticipated presidential debate.
In the wake of self-proclaimed ‘Crypto President’ Donald Trump’s performance, scales have tipped in favor of Kamala Harris, with prediction markets illustrating renewed support for the Democrats.
Crypto Markets Tumble as Republican Confidence Wanes
The presidential debate had a resounding effect on the digital asset market. Following the event, $SOL price has dropped 5.1%, sliding from September 10’s high of $137 .9 to currently trade hands at $130 .84.
Beyond asset prices, CoinMarketCap’s Crypto Fear & Greed Index also dropped from a neutral 46.72 to a fearful ranking of 31.6.
The crypto market’s slide is expected to be due to the wider industry’s assumption that a Trump presidency will be favorable for the blockchain industry.
Commentators argue that Trump’s pro-crypto stance will greatly benefit the sector, with many analysts proposing that the approval of a spot SOL ETF hinges on a Republican victory. Meanwhile, some Solana community members expressed that regardless of who emerges triumphant in November, it will make little difference.
Over the past four years, the Biden administration has loomed large over the crypto industry. Gary Gensler and the S.E.C. (Securities and Exchanges Commission) have been widely criticized by the crypto community for their regulation-by-enforcement approach, which has seen the agency hand out a litany of lawsuits to crypto businesses throughout its time in office.
Volume Spikes on Drift Protocol’s Prediction Market
While Trump and Harris clashed heads on camera, traders took their chance to hit the prediction markets. Drift Protocol’s BET platform, a marketplace enabling users to trade the outcomes of real-world events, enjoyed an impressive surge of trading volume during the debate.
According to Dune Analytics, Drift Protocol’s BET protocol witnessed over $851k in daily trading volume. While falling short of market leader PolyMarket’s $14M daily volume, BET’s dramatic volume spike represented a 1,287% increase over the previous day’s trading.
According to BET’s dedicated market, Trump’s chances of winning the presidential election dropped from 54.2% to 49.5% since the debate began.
$TREMP Down, $KAMA Up
Finally, the landmark debate sent waves of volatility through Solana’s PolitiFi memecoin economy.
Unfortunately for $TREMP holders, crypto markets rejected the Presidential hopeful’s debate performance. $TREMP price crumbled under increased selling pressure, plunging 28% from.19 to currently exchange hands at.135, based on Step Finance data.
Meanwhile, the Kamala Harris-inspired $KAMA saw renewed support. $KAMA surged over 34%, rising from 0.007 to currently trade at.0094. Despite $KAMA’s superior performance, the memecoin still has a smaller market cap ($8.3M) than its PolitiFi rival $TREMP ($14.2M).
In the wake of self-proclaimed ‘Crypto President’ Donald Trump’s performance, scales have tipped in favor of Kamala Harris, with prediction markets illustrating renewed support for the Democrats.
Crypto Markets Tumble as Republican Confidence Wanes
The presidential debate had a resounding effect on the digital asset market. Following the event, $SOL price has dropped 5.1%, sliding from September 10’s high of $137 .9 to currently trade hands at $130 .84.
Beyond asset prices, CoinMarketCap’s Crypto Fear & Greed Index also dropped from a neutral 46.72 to a fearful ranking of 31.6.
The crypto market’s slide is expected to be due to the wider industry’s assumption that a Trump presidency will be favorable for the blockchain industry.
Commentators argue that Trump’s pro-crypto stance will greatly benefit the sector, with many analysts proposing that the approval of a spot SOL ETF hinges on a Republican victory. Meanwhile, some Solana community members expressed that regardless of who emerges triumphant in November, it will make little difference.
Over the past four years, the Biden administration has loomed large over the crypto industry. Gary Gensler and the S.E.C. (Securities and Exchanges Commission) have been widely criticized by the crypto community for their regulation-by-enforcement approach, which has seen the agency hand out a litany of lawsuits to crypto businesses throughout its time in office.
Volume Spikes on Drift Protocol’s Prediction Market
While Trump and Harris clashed heads on camera, traders took their chance to hit the prediction markets. Drift Protocol’s BET platform, a marketplace enabling users to trade the outcomes of real-world events, enjoyed an impressive surge of trading volume during the debate.
According to Dune Analytics, Drift Protocol’s BET protocol witnessed over $851k in daily trading volume. While falling short of market leader PolyMarket’s $14M daily volume, BET’s dramatic volume spike represented a 1,287% increase over the previous day’s trading.
According to BET’s dedicated market, Trump’s chances of winning the presidential election dropped from 54.2% to 49.5% since the debate began.
$TREMP Down, $KAMA Up
Finally, the landmark debate sent waves of volatility through Solana’s PolitiFi memecoin economy.
Unfortunately for $TREMP holders, crypto markets rejected the Presidential hopeful’s debate performance. $TREMP price crumbled under increased selling pressure, plunging 28% from.19 to currently exchange hands at.135, based on Step Finance data.
Meanwhile, the Kamala Harris-inspired $KAMA saw renewed support. $KAMA surged over 34%, rising from 0.007 to currently trade at.0094. Despite $KAMA’s superior performance, the memecoin still has a smaller market cap ($8.3M) than its PolitiFi rival $TREMP ($14.2M).
3 months ago
(E)
What is Hana Network?
Hana Network is a blockchain platform that integrates with EigenLayer and Babylon to enhance security and functionality. It allows users to stake assets on EigenLayer and Babylon while taking advantage of their advanced security protocols. Hana Network uses cryptographic techniques to ensure transaction security and preserve user privacy. It also supports multi-party group broadcasts and anonymous routing protocols. With these integrations, Hana Network aims to offer reliable and secure decentralized solutions for various applications, making blockchain technology more accessible and efficient. #SnoopDogg #Solana #crypto #SOL #Blockchain #coinmarketcap #USDT #HashCEX #SoundCloud #Ethereum #TRON #BinanceSmartChain #retardio
Hana Network is a blockchain platform that integrates with EigenLayer and Babylon to enhance security and functionality. It allows users to stake assets on EigenLayer and Babylon while taking advantage of their advanced security protocols. Hana Network uses cryptographic techniques to ensure transaction security and preserve user privacy. It also supports multi-party group broadcasts and anonymous routing protocols. With these integrations, Hana Network aims to offer reliable and secure decentralized solutions for various applications, making blockchain technology more accessible and efficient. #SnoopDogg #Solana #crypto #SOL #Blockchain #coinmarketcap #USDT #HashCEX #SoundCloud #Ethereum #TRON #BinanceSmartChain #retardio
Sponsored by
Kitten Haimer
16 days ago
Kitten Haimer
Discover the World of Kitten Haimer
