🚨 Sui Network to integrate native USDC to boost liquidity and attract more users to its network.

The effect is immediate on the $SUI which increases by +8% following the announcement.

🚨 #BullPay New Listing Alert! 📈

$KIT is now listed as a payment method on BullPay.

Kitsune is a Telegram bot suite for Solana. Known for their R2E bot and one of the strongest communities in the space.

You can now use KIT to pay for services, exclusive content, and digital products through BullPay.

Congratulations to the team and community over at
@Kitsune !

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).

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

available for pre-order.

Price: $599 .

Players can pay for their pre-order in Sui, Ethereum or Solana.

The first 1,000 people to pre-order the device will receive an NFT “that will provide special rewards and benefits.”

https://decrypt.co/247520/...

🔓Token Unlocks of the coming week.

📅 August 27:

👉 YGG - $5 .7 Million

3.71% of the supply in circu

📅 August 31:

👉 OPTIMISM $OP - $47 .3 million

2.64% of the supply in circulation

📅 September 1st:

👉 Zetachain $ZETA - $30 .3 million

15.71% of the supply in circulation

👉 SUI - $54 .6 Million

2.47% of the supply in circulation

Crypto Exchange Kraken Pro must face a SEC lawsuit accusing it of operating an unregistered securities exchange, a judge ruled.

Source: Bloomberg

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

Google faces $5M lawsuit over a malicious Crypto wallet app downloaded from the Play Store, leading to significant digital asset theft.

Published in 1968 - In thirty years, he reflected, perhaps sooner, there would be one vast undifferentiated culture, one complex of super-highways, hot-dog stands and neon, interrupted only by the Atlantic, stretching from Los Angeles to Jerusalem; possibly, by then, as far as Calcutta, three-quarters of the way round the world. Where there had been Americans and British and French and Italians and Greeks and the rest, there would be only citizens of the West, uniformly affluent, uniformly ridden by guilt and neurosis, uniformly alcoholic and suicidal, uniformly everything.

- Extract from “Colonel Sun”

Nigerian crypto advocate James Utudor is suing government officials, including the president, to challenge digital asset restrictions. The lawsuit aims to restore Nigerians' access to crypto and protect fundamental rights. Nigeria ranks fourth globally in crypto users.

⚖️ Celsius sues Tether, seeking over $2 .4 billion in #Bitcoin .

Celsius claims that Tether breached its agreement when the company used the company's assets (Bitcoin) as collateral to pay Celsius's outstanding loan.

Tether defends itself by calling the attack a "shake down" and says "this lawsuit seeks to unduly impose the costs of Celsius' mismanagement and failure on Tether."

🇳🇬 A Nigerian man files a lawsuit to overturn the ban on the possession, use and trading of #Bitcoin in the country.

The lawsuit seeks, among other things, to lift the blockade on crypto exchanges, in order to guarantee all Nigerians unlimited access to tools to hedge against inflation.

https://x.com/dgr8otudor/s...

BTC, rebound from the drop from yesterday. It's happening right now. Bitcoin has already recovered 6,500 thousand from the bottom of the correction. Overall, it looks pretty confident, but it's still a rebound. The medium-term uptrend was lost yesterday on the squiz. There are only 2 long-term trends right now. see the graph. Their re-test is a medium-term support area. Now the situation with the restoration of the level of 60,000 will not change much, even if it reaches 65,000. If in the near future, no more than a week, and a maximum of 2, we do not break through the zone of the key resistance zone, then the continuation of the flat with corrections will continue. Now the task of the market maker and the whales is to break through this zone as quickly as possible and gain a foothold above. Why is this so, because those who were eliminated, those who managed to get out of positions, logically should not have time to enter again at the same prices, but go much more expensive.

the input to the exchanges exceeds the output -
8%, 2400 btc

Altcoins, yesterday on squiz reached the top level on the capitalization of Altcoins, the level of panic sales. Who remembers from the video, this was noted. There are still levels slightly lower from below, but in fact they will not change the situation much, especially for a long-term portfolio! The ascending lines on Total 2 and Total 3 were also achieved and tested on the squiz, a re-test took place precisely along the Fibonacci lines and not a physical re-test. It also says that we are very very close to the bottom or already at the bottom. Since even the fibonacci line of 0.618 is already suitable for re-testing and determining the day. But still, the bottom is the zone between 0.618 and 0.786 fibonacci lines.

https://www.tradingview.co.../

After causing significant congestion issues across the Solana network in April, the ORE mining protocol returns to “revive the long lost dream of crypto as p2p electronic cash.”

Love it or hate it, Proof-of-Work crypto mining is returning to Solana. ORE, the wildly popular mining protocol that besieged the Solana blockchain in April is returning, promising a revised and more egalitarian approach to distribution.

With ORE price climbing over 100% in anticipation of the relaunch, the question needs to be asked: What will be different this time around?

ORE v2: WHAT'S DIFFERENT?
Pseudonymous founder HardHatChad launched ORE as an experimental Solana hackathon project in April 2024. Leveraging a Proof-of-Work mining concept on a high throughput Proof-of-Stake blockchain, HardHatChad aimed to create a truly fair token launch.

In a matter of days, the Ore protocol objectively became the most used program in the Solana ecosystem at the time, generating over 12M transactions between 124k+ users.

However, due to flaws within the project’s model and network congestion issues caused by the ORE mining, HardHatChad opted to pause mining to focus on redevelopment. Despite the chaos, OreSupply took home the grand prize at the Solana Renaissance Hackathon.

After months of development work behind the scenes, HardHatChad has teased the relaunch of ORE v2. Courtesy of several key changes, the passionate founder renews his mission to “revive the long lost dream of crypto as p2p electronic cash.”

HERE'S WHAT TO EXPECT:
• No Admin Variables - The revised protocol will rely on open-source algorithms to manage all program variables, such as mining difficulty.

• Mining Multipliers - Staking ORE tokens gives miners a rewards multiplier of up to 100%, based on their proportional stake. This only applies to miners submitting valid hashes and cannot be abused through flash-loans.

• Fixed supply - Like Bitcoin, ORE has a fixed maximum supply of 21M. One ORE will be issued per minute, projecting a fully emitted supply by 2064.

• Sybil Protection - In the relaunched protocol, miners will maximize rewards by submitting the most difficult hash possible. This is expected to discourage sybil miners and mitigate network congestion.

• Accessible Hash Function - A new hash function closes the performance gap between high-end hardware and consumer devices, lowering ORE mining’s barrier to entry.

• Client Software - OreSupply has revamped its software to improve performance and reliability. HardHatChad also promised to launch client software that will be compatible with the Solana Saga mobile device.

• Immutable Contract - Once mining dynamics have stabilized, the OreSupply contract will be permanently frozen, meaning that no further changes can be implemented to its code.

The OreSupply team hopes that by implementing these changes, the protocol will be better suited to wider adoption within the Solana ecosystem.

Following a change of heart, the SEC intends to withdraw allegations against certain third-party assets, including SOL, in ongoing Binance Lawsuit.

Altcoin holders across the crypto markets breathed a sigh of relief following a key change in the SEC’s case against Binance, the industry’s largest crypto exchange.

On July 30, 2024, the U.S. Securities and Exchanges Commission indicated its intention to withdraw allegations against third-party crypto assets, including leading altcoins like SOL.

While approval of the SEC’s request means that SOL won’t be classified as a security in the Binance case, the Solana faithful aren’t completely out of the woods just yet.

🔓 Nearly $1 .5 billion in tokens will be released in August, including $609 million in XRP.

🔹 Avalanche: $268 million

🔹 Wormhole: $180 .5 million

🔹 Sui: $50 million

🔹 dYdX: $11 million

🔹 ZetaChain: $34 .5 million

🔹 ImmutableX: $49 million

🔹 Aptos: $80 million

🔹 The Sandbox: $69 million

🔹 Starkent: $35 million

🔹 Arbitrum: $67 million

TRUMP OR BIDEN - WHO’S BETTER FOR CRYPTO?
As November’s critical election draws closer one presidential candidate has made his pro-crypto stance abundantly clear, but have any promises or policies been made?

For the first time in the nation’s history, crypto policy will take center stage and play a crucial role in the U.S. Presidential race. With over 52M cryptocurrency owners in the country, according to a Coinbase report, winning the crypto vote could well mean the difference between sitting in the Oval Office and hanging up your Campaign tie for another four years.

Where do Trump and Biden stand on crypto? Will Biden attempt to make amends for Gary Gensler’s crypto crusade? Will Trump, the self-proclaimed ‘crypto president’ deliver on his claims?

BIDEN’S STANCE OVER THE YEARS
The Biden Administration has hardly been crypto-friendly in the last four years. Under Biden’s watch, Securities and Exchanges Commission Chair Gary Gensler has led a merciless campaign against the digital asset industry, serving lawsuits to crypto companies left, right, and center.

Gary Gensler hasn’t been alone in his fight against cryptocurrency. Senator Elizabeth Warren has strongly advocated against cryptocurrencies in the past, frequently using individual examples to paint the entire industry in a bad light.

With November only four months away, the Biden administration’s stance on crypto hasn't changed. A recent Statement of Administration Policy declared that the Administration was against passing H.R. 4763, a proposed regulatory framework for digital assets.

The decision was made due to the belief that “H.R. 4763 in its current form lacks sufficient protections for consumers and investors who engage in certain digital asset transactions.”

Despite refusing the framework, the Biden Administration maintains that it “is eager to work with Congress to ensure a comprehensive and balanced regulatory framework for digital assets, building on existing authorities, which will promote the responsible development of digital assets and payment innovation and help reinforce United States leadership in the global financial system.”

DONALD TRUMP - THE ‘CRYPTO PRESIDENT’
Despite calling Bitcoin a ‘scam against the dollar’ back in 2021, Trump seems to have changed his tune on cryptocurrency. In a recent tech fundraiser event in San Francisco, Trump has rebranded himself as the ‘crypto president' evidently trying to win the vote of the nation’s population on digital asset holders.

Trump’s dramatic change of heart toward the cryptocurrency world has even made its way onchain. Arkham Intelligence, a popular blockchain analysis and tracking tool claims to have identified Trump’s crypto wallet, which holds over $7 .9M of digital assets. The former President has also shown a penchant for NFTs having launched several Trump Digital Trading Card collections.

More recently, Trump has promised to “end Biden’s War on Crypto”. The Republic candidate has further declared that he is “very positive and open minded to cryptocurrency companies”. Aligning himself with the Bitcoin faithful, Trump views Bitcoin as “our last line of defense against a CBDC”.

These views align with Republican Senator Bill Hagerty, who expressed that a CBDC is “the last thing I think we need as a nation” and “would be very detrimental to our economy, to the dollar and certainly to innovation in this space” during a recent interview with Solana Head of Strategy Austin Federa.

Celsius network is now suing thousands of people for withdrawing their own funds from the platform 90 days before being declared bankrupt

All these users done was use the platform in an honest way and withdraw the money they made / had

Now they are being sue’d for everything + more ( for some nearly all their net worth)

Users are angry because originally they were suing for 2022 rates not 2024 rates

Personally I don’t think they should be allowed to do that nor change the pricing they are going after

They say they will spread the funds out between users on the platform but everyone knows they will only get a little amount to the full dollar value….

gm 🦊 přátelé,

A few minor updates to commands on the Raid and Raid Admin Bots highlighted in the table below, including an embedded link to a Raid Suite setup guide.

What's the Deal with MegaETH? 🤔

The upcoming Vitalik-backed L2 wants to be the 'real-time Ethereum'

What's its plan? Find out 👇

MegaETH, an upcoming L2 branded as the “real-time Ethereum” boasting sub-millisecond latency and capable of processing over 100k transactions per seco nd (TPS), just announced that it has received $20M in seed funding at a $100M + valuation!

The big names involved have attracted some major attention to the upstart chain.

Today, we’re discussing how MegaETH is innovating on contemporary Ethereum Virtual Machine (EVM) blockchain implementations to provide industry-leading performance capabilities and decentralization guarantees.

⭐️ What Makes MegaETH Special
High-performance alt L1s require their nodes to perform identical tasks without specialization, imposing a fundamental tradeoff between performance and decentralization. In comparison, MegaETH takes advantage of Ethereum’s L2s technology to create differentiated roles for nodes with varying hardware requirements.

MegaETH decouples the task of transaction processing from full nodes and creates three major roles for infrastructure operators: sequencers, provers, and full nodes. Although actual block production becomes increasingly centralized with MegaETH, flexible hardware requirements from node specialization ensures trustless block validation and could provide industry-leading decentralization guarantees.

A single active MegaETH sequencer will be responsible for ordering and executing user transactions, eliminating the consensus process during normal operations, and will pass state differences (i.e.; changes to the blockchain’s state) to full nodes via a peer-to-peer network, who then apply the state diffs to update their local state. Notably, MegaETH transactions are not re-executed by full nodes to verify block integrity; they instead validate blocks indirectly using proofs provided by the prover.

While blockchains have frequently turned to one-off solutions like parallelization in their pursuit of scale, enabling transactions touching different parts of state to be processed simultaneously on multiple CPU cores, the benefits of this specific approach are limited by the fact that many transactions contain dependencies, resulting in only modest boosts from parallelization for blockchain speed.

Such ambitions necessitate scaling node hardware to its limits while preserving decentralization (achieved through specialization) and require the creation of a system innately designed to approach the theoretical upper performance limit for a decentralized blockchain.

To this end, the MegaETH sequencer will store the entirety of its state in-memory and be the first blockchain to implement in-memory compute, a critical feature for high-performance Web2 applications that should enable MegaETH to accelerate state access by 1,000x compared to alternative solid state drive storage methods utilized by competitors.

🧐 Closing Thoughts
The significant performance improvements targeted by MegaETH over contemporary EVM implementations should provide a major boost to L2 performance and could finally produce a decentralized blockchain capable of handling real-world adoption!

Although some contend that MegaETH is best suited as a competitor against an Ethereum ecosystem largely uninterested in scaling its base layer, the optimizations achieved by MegaETH are made possible solely through its ability to outsource security and censorship resistance to existing decentralized networks, like Ethereum and EigenLayer.

Written by JackInabinet

🔓Token Unlocks of the coming week.

📅 July 01:

👉 MAV - $10 .04 million

14.56% of the supply in circulation

👉 ZETA - $4 .49 million

1.92% of the supply in circulation

👉 SUI - $53 .9 million

2.65% of the supply in circulation

👉 DYDX - $11 .92 million

3.12% of the supply in circulation

👉 IO - $28 .5 million

7.89% of the supply in circulation

📅 July 05:

👉 GAL - $6 .94 million

2.6% of the supply in circulation

📅 July 07:

👉 HFT - $2 .90 Million

3.29% of the supply in circulation

🔓 More than $755 million worth of tokens will be released in July.

The vesting periods for nearly 40 projects will come to an end, including AltLayer, Xai, Aptos, Arbitrum, Optimism, Sui, Immutable X and Starknet.

The vesting system prevents early investors and team members of a project from selling their tokens by locking them for a given period.

https://cointelegraph.com/...

gm 🦊 fam,

The Team has been hard at work behind the scenes on the Webapp and performing analytics from the first months metrics. 📈

Since the Raid Suite has gone live we have:

- 2000 unique wallets generated across 40 Telegram groups.

- Bought back >1M $KIT and airdropped >5M to the Kitsune Community.

- Received airdrop fees from 15 separate projects.

- Added three Strategic Partners in Gamba, ape.lol and @bullverse
.

Today VanEck filed the first spot ETF for Solana, this is only our first month, and Summer is only just starting....

Are you ready 🦊?

gm 🦊 amici,

We now have a video tutorial demonstrating the setup for the Raid Suite created by the Kitsune Community.

https://www.youtube.com/wa...

gm 🦊 & 🐂 fam,

Which projects on BullVerse do you think would benefit from the Raid Suite? #R2E #Solana #Raid2Earn

ape.lol ads are now being shown on the Kitsune Raid Bot in 30+ Telegram groups.

Become a Strategic Partner today to gain the same exposure through the Raid Suite.

Partnership Announcement🤝

We’re thrilled to announce a partnership with Kitsune! Their account proudly wears our gold checkmark reserved for partners.

Kitsune is Telegram’s premier bot suite, providing a variety of solutions to maximize accessibility and engagement.

$KIT x $BULL

🔗 Follow their journey on BullVerse: http://bullverse.io/Kitsun...

Bullish to be on BullVerse!

Kitsune is a utility project that uses Raid 2 Earn (R2E) to incentivise engagement on social media posts.

The Kitsune Raid Suite is available for free to any project, with any Solana token, in any Telegram.

If you are interested rewarding your community today in your own token feel free to get in contact or follow the attached user guide to get started.
https://kitsune-4.gitbook....

Suiiiiiiiii