25 mins. ago
BullVerse Meme of the day.
Celeb Token Launch Summarized
Phase 1:
Sahil --> Phantom Wallet --> No Roadmap --> Crypto Twitter --> Buying SOL --> Tweet #Solana --> Tease a launch.
Phase 2:
Pump dot fun --> "We are live, CA:" --> Raydium>Orca --> Ansem
Phase 3:
Bubblemaps --> ZachXBT --> Dev Wallet --> Exit Liquidity.
Next.
#BullVerse #MemeOfTheDay
Celeb Token Launch Summarized
Phase 1:
Sahil --> Phantom Wallet --> No Roadmap --> Crypto Twitter --> Buying SOL --> Tweet #Solana --> Tease a launch.
Phase 2:
Pump dot fun --> "We are live, CA:" --> Raydium>Orca --> Ansem
Phase 3:
Bubblemaps --> ZachXBT --> Dev Wallet --> Exit Liquidity.
Next.
#BullVerse #MemeOfTheDay
11 hours ago
BTC situation in the coming days
From what I can see on the chart, BTC is still bullish. We shouldn't have expected a parabolic rise without a strong correction. There are quite a few liquidation pools at 56800, which for me will be the low point. If not, then yes, we'll go lower.
The only current problem is general panic, which has a greater impact on the BTC price among the financially uneducated.
Institutions, on the other hand, continue to buy massively and impressively. Major corporations are investing heavily in the big projects of tomorrow in order to penetrate a booming market.
The only question is: who benefits?
Answer: the rich, because they buy what people sell, and sell when everyone else buys. If you're putting money into crypto, it's because you know it's risky, so stop aiming for perfection and learn to invest in solid projects, and don't listen to your favorite youtubers.
From what I can see on the chart, BTC is still bullish. We shouldn't have expected a parabolic rise without a strong correction. There are quite a few liquidation pools at 56800, which for me will be the low point. If not, then yes, we'll go lower.
The only current problem is general panic, which has a greater impact on the BTC price among the financially uneducated.
Institutions, on the other hand, continue to buy massively and impressively. Major corporations are investing heavily in the big projects of tomorrow in order to penetrate a booming market.
The only question is: who benefits?
Answer: the rich, because they buy what people sell, and sell when everyone else buys. If you're putting money into crypto, it's because you know it's risky, so stop aiming for perfection and learn to invest in solid projects, and don't listen to your favorite youtubers.
13 hours ago
How many Bitcoins do the ETFs need to buy on average to drive BTC higher?
I don’t know the answer, but a few hundreds per day is definitely not enough.
I don’t know the answer, but a few hundreds per day is definitely not enough.
14 hours ago
Daily Memecoin Recap - July 3
Majors are struggling, most coins are topping before $200k
When $btc (& $sol ) moon, we'll get more runners
America's Independence Day Tomorrow - 4th of July
$sam -> hit $1 .6m, CTO
$awif -> hit $620k , American $wif
Redacted Politicians
$kama -> $6 .9m to $22m (3.18x), redacted KamalaHarris, good team
$bernie -> $520k to $2 .84m (5.46x), redacted BernieSanders
Khamzat Posts CA
$smash -> hit $15m ,
- The coin has been out for over 24h
- People were already expecting that it would be this
- When he posted the CA, price wicked to $15m +, but immediately dumped back down
- There was not much hype since the coin was already out = no speculation
Sage Launch
$sage -> hit $51m , liquidity was pulled
- There were a couple other fake coins that ran to $500k +
- CryptoSage26 never actually posted a CA
- Some threads are coming out saying that this was intended to be the real coin, but they decided to pull liquidity when things didn't go as planned
Walter Deal
$walter -> $2 .2m to $8 .7m (3.95x)
- Agreement announced between Walter's owner PupperNelson & WalterDogSolana
Mao Wants More
$mao -> $2 .4m to $9 .5m (3.95x), CTO
Dog Memes
$billy -> $80m to $140m (1.75x), overtakes $michi in market cap, Ansem rumored to have bought multiple 6 figs
$lulo -> hit $1 .9m, CTO
$bull -> hit $900k , CTO
$winny -> hit $600k , same dev as $subo , which hit $8m
$barny -> hit $500k , CTO
$inu -> hit $500k
Other Cooks
$dragon -> hit $13 .9m, heavily bundled
$bbq -> hit $460k
Only risk what you're comfortable losing
Market conditions are poor = more rugs = tighten your risk measure
Majors are struggling, most coins are topping before $200k
When $btc (& $sol ) moon, we'll get more runners
America's Independence Day Tomorrow - 4th of July
$sam -> hit $1 .6m, CTO
$awif -> hit $620k , American $wif
Redacted Politicians
$kama -> $6 .9m to $22m (3.18x), redacted KamalaHarris, good team
$bernie -> $520k to $2 .84m (5.46x), redacted BernieSanders
Khamzat Posts CA
$smash -> hit $15m ,
- The coin has been out for over 24h
- People were already expecting that it would be this
- When he posted the CA, price wicked to $15m +, but immediately dumped back down
- There was not much hype since the coin was already out = no speculation
Sage Launch
$sage -> hit $51m , liquidity was pulled
- There were a couple other fake coins that ran to $500k +
- CryptoSage26 never actually posted a CA
- Some threads are coming out saying that this was intended to be the real coin, but they decided to pull liquidity when things didn't go as planned
Walter Deal
$walter -> $2 .2m to $8 .7m (3.95x)
- Agreement announced between Walter's owner PupperNelson & WalterDogSolana
Mao Wants More
$mao -> $2 .4m to $9 .5m (3.95x), CTO
Dog Memes
$billy -> $80m to $140m (1.75x), overtakes $michi in market cap, Ansem rumored to have bought multiple 6 figs
$lulo -> hit $1 .9m, CTO
$bull -> hit $900k , CTO
$winny -> hit $600k , same dev as $subo , which hit $8m
$barny -> hit $500k , CTO
$inu -> hit $500k
Other Cooks
$dragon -> hit $13 .9m, heavily bundled
$bbq -> hit $460k
Only risk what you're comfortable losing
Market conditions are poor = more rugs = tighten your risk measure
22 hours ago
. Uniswap Wallet integrates Transak to facilitate fiat-crypto conversions :
Uniswap partners with Transak to integrate fiat-crypto conversion services into Uniswap Wallet. Users will be able to buy cryptos directly with fiat currencies via Apple Pay, Google Pay, credit cards.
. The Bahamas wants to force local banks to integrate their CBDC :
The Bahamas is preparing legislation requiring banks to support their CBDC, the "Sand Dollar". According to the governor of the central bank, banks will have to offer access to this digital currency to their customers within two years.
. Cometh and Worldcoin collaborate to facilitate account abstraction :
The French startup Cometh has received a grant from the Worldcoin Foundation to develop a mobile library integrating access keys, ERC-4337, and Safe smart accounts in World Chain wallets.
. Bitfarms increases its production capacity :
In June, Bitfarms increased its Bitcoin production by 21%, reaching 189 BTC, despite a decrease of 51% compared to June 2023 due to the last halving. The company sold 134 BTC for $8 .8 million and now holds 905 BTC.
Uniswap partners with Transak to integrate fiat-crypto conversion services into Uniswap Wallet. Users will be able to buy cryptos directly with fiat currencies via Apple Pay, Google Pay, credit cards.
. The Bahamas wants to force local banks to integrate their CBDC :
The Bahamas is preparing legislation requiring banks to support their CBDC, the "Sand Dollar". According to the governor of the central bank, banks will have to offer access to this digital currency to their customers within two years.
. Cometh and Worldcoin collaborate to facilitate account abstraction :
The French startup Cometh has received a grant from the Worldcoin Foundation to develop a mobile library integrating access keys, ERC-4337, and Safe smart accounts in World Chain wallets.
. Bitfarms increases its production capacity :
In June, Bitfarms increased its Bitcoin production by 21%, reaching 189 BTC, despite a decrease of 51% compared to June 2023 due to the last halving. The company sold 134 BTC for $8 .8 million and now holds 905 BTC.
1 day ago
1 day ago
🚨 More than 50% of US hedge funds are exposed to #Bitcoin
13 of the top 25 US hedge funds own Bitcoin ETFs as of the end of Q1 2024.
Among them was Millennium Management, which held 27,263 BTC, worth $1 .69 billion, or about 2.5% of its total assets under management worth $67 .7 billion.
On the other hand, some of the major hedge funds, such as Bridgewater Associates, AQR Capital Management and Balyasny Asset Management, have not yet invested in Bitcoin ETFs.
13 of the top 25 US hedge funds own Bitcoin ETFs as of the end of Q1 2024.
Among them was Millennium Management, which held 27,263 BTC, worth $1 .69 billion, or about 2.5% of its total assets under management worth $67 .7 billion.
On the other hand, some of the major hedge funds, such as Bridgewater Associates, AQR Capital Management and Balyasny Asset Management, have not yet invested in Bitcoin ETFs.
2 days ago
💬 Ethereum will soar against Bitcoin after ETF approvals according to K33 Research.
K33 maintains that Ethereum ETFs will absorb between 0.75% and 1% of all ETH in circulation during their first five months on the market.
Vetle Lunde, senior analyst at K33:
“ETFs are a strong catalyst for ETH’s relative strength as the summer progresses and flows accumulate.”
“and I am confident that current ETH/BTC prices are a good deal for the patient trader.”
https://decrypt.co/238182/...
K33 maintains that Ethereum ETFs will absorb between 0.75% and 1% of all ETH in circulation during their first five months on the market.
Vetle Lunde, senior analyst at K33:
“ETFs are a strong catalyst for ETH’s relative strength as the summer progresses and flows accumulate.”
“and I am confident that current ETH/BTC prices are a good deal for the patient trader.”
https://decrypt.co/238182/...
2 days ago
❌️ Bittensor shuts down its network after a security attack.
Reports of an unusual attack on Bittensor wallets have emerged in recent hours, leading to a deliberate shutdown of the network by core developers.
ZachXBT:
“Bittensor was disrupted due to additional flights earlier today, potentially due to a private key leak.”
According to him, 8 million dollars of $TAO were stolen.
https://www.theblock.co/po...
Reports of an unusual attack on Bittensor wallets have emerged in recent hours, leading to a deliberate shutdown of the network by core developers.
ZachXBT:
“Bittensor was disrupted due to additional flights earlier today, potentially due to a private key leak.”
According to him, 8 million dollars of $TAO were stolen.
https://www.theblock.co/po...
2 days ago
More than a million addresses have one #Bitcoin or more 💰
In recent weeks, an important milestone has been reached, there are today more than a million Wholecoiners (addresses with at least 1 BTC) and it's not over!
This increase coincides with a notable increase in institutional demand for Bitcoin 📈
The Bitcoin race is underway, and with only 21 million Bitcoins at most, it's a real shock between supply and demand that could take place in the coming months
You see the $BTC reaching what price at this bull run? 🔥
In recent weeks, an important milestone has been reached, there are today more than a million Wholecoiners (addresses with at least 1 BTC) and it's not over!
This increase coincides with a notable increase in institutional demand for Bitcoin 📈
The Bitcoin race is underway, and with only 21 million Bitcoins at most, it's a real shock between supply and demand that could take place in the coming months
You see the $BTC reaching what price at this bull run? 🔥
3 days ago
Daily Memecoin Recap - July 1
Interesting day overall, influencers continue to hop on the crypto bandwagon
These influencer coins usually have an initial run-up, but unless the influencer does something unique to keep attention, the coin will die out
Gummy Team Launches A New Token
$baked -> hit $100m , hyped launch, same team as $gummy
Stevewilldoit Launch
$hero -> hit $82m ,
- Steve has been in crypto for years, he's very trusted by fans which explains why his coin reached so high
Sexyy Red Launches a Token
$presi -> hit $13m , "President Red"
- After several weeks of teasing, SexyyRed314_ drops the CA
Mike O'Hearn x Giga
$giga -> $42m to $150m (3.57x),
- Mike was teasing as if he would launch his own coin
- Instead of launching his own token like most of these influencers, he partnered with an already existing one
Influencer Launches
$mommy -> hit $1 .5m, NSFW
$bt -> hit $2m , BenTodar launch
Fake Influencer Launches
$sean -> hit $500k , SeanKingston says launch is in 24h (no official launch yet)
- Watch out for BhadBhabie & dohertyjackk, both aiming to launch a token
Yu-Gi-Oh Memes
$bwd -> hit $1 .99m, Blue-Eyes White Dragon, good team
$dmg -> hit $770k , Dark Magician Girl
Billy Makes A New ATH
$billy -> $53 .5m to $98m (1.83x)
New Spike Token Dominates The Old One
$spike -> $23 .55m to $47 .5m (2x), good team, rumors that it's the same team as the OG one which got exploited
New Matt Furie Memecoin
$doggs -> hit $19m , 95% bundled
- The dog that kills pepe Matt_Furie
Cat Memes
$loops -> hit $460k
$sleepy -> hit $400k
Roaring Kitty Discloses Owning 6.6% of Chewy
$chwy -> $320k to $10m (31x)
$chwy -> $700k to $8m (11.4x)
More Cooks
$walter -> $1 .53m to $5 .5m (3.59x), AB84 posted a pic of walter and said "dog of the day"
$steve -> $275k to $1 .9m (6.5x)
$sherif -> hit $10m , KOLs onboard, insanely good liquidity to market cap ratio
$glizzy -> hit $4m
$pungu -> hit $2 .7m
$garf -> hit $2 .2m, good website & art
Stay locked in, opportunities are everywhere
New month, new profits 🤝
Interesting day overall, influencers continue to hop on the crypto bandwagon
These influencer coins usually have an initial run-up, but unless the influencer does something unique to keep attention, the coin will die out
Gummy Team Launches A New Token
$baked -> hit $100m , hyped launch, same team as $gummy
Stevewilldoit Launch
$hero -> hit $82m ,
- Steve has been in crypto for years, he's very trusted by fans which explains why his coin reached so high
Sexyy Red Launches a Token
$presi -> hit $13m , "President Red"
- After several weeks of teasing, SexyyRed314_ drops the CA
Mike O'Hearn x Giga
$giga -> $42m to $150m (3.57x),
- Mike was teasing as if he would launch his own coin
- Instead of launching his own token like most of these influencers, he partnered with an already existing one
Influencer Launches
$mommy -> hit $1 .5m, NSFW
$bt -> hit $2m , BenTodar launch
Fake Influencer Launches
$sean -> hit $500k , SeanKingston says launch is in 24h (no official launch yet)
- Watch out for BhadBhabie & dohertyjackk, both aiming to launch a token
Yu-Gi-Oh Memes
$bwd -> hit $1 .99m, Blue-Eyes White Dragon, good team
$dmg -> hit $770k , Dark Magician Girl
Billy Makes A New ATH
$billy -> $53 .5m to $98m (1.83x)
New Spike Token Dominates The Old One
$spike -> $23 .55m to $47 .5m (2x), good team, rumors that it's the same team as the OG one which got exploited
New Matt Furie Memecoin
$doggs -> hit $19m , 95% bundled
- The dog that kills pepe Matt_Furie
Cat Memes
$loops -> hit $460k
$sleepy -> hit $400k
Roaring Kitty Discloses Owning 6.6% of Chewy
$chwy -> $320k to $10m (31x)
$chwy -> $700k to $8m (11.4x)
More Cooks
$walter -> $1 .53m to $5 .5m (3.59x), AB84 posted a pic of walter and said "dog of the day"
$steve -> $275k to $1 .9m (6.5x)
$sherif -> hit $10m , KOLs onboard, insanely good liquidity to market cap ratio
$glizzy -> hit $4m
$pungu -> hit $2 .7m
$garf -> hit $2 .2m, good website & art
Stay locked in, opportunities are everywhere
New month, new profits 🤝
3 days ago
🇪🇺 Circle is the world's first stablecoin issuer to obtain an Electronic Money Institution (EMI) license, imposed by MiCA.
https://www.coindesk.com/b.../
https://www.coindesk.com/b.../
3 days ago
Fundings are super low on BTC and ETH despite the rebound on support!
Wtfff, are we really going to leave without looking for the $56 ,000??
In truth, I'm not saying no because I no longer have cash to buy the dip 😶🌫️ and I'm tired of waiting, but hey I had planned a legendary entry point there haha.
Come on, let's just be patient!
Wtfff, are we really going to leave without looking for the $56 ,000??
In truth, I'm not saying no because I no longer have cash to buy the dip 😶🌫️ and I'm tired of waiting, but hey I had planned a legendary entry point there haha.
Come on, let's just be patient!
3 days ago
(E)
Here are the most bullish narratives you should pay attention this Q3.
🐶 Memes
• $WIF
• $PEPE
• $PEIPEI
• $POPCAT
• $MOG
• $MICHI
• $PONK
🏛️ RWAs
• $ONDO
• $RIO
• $CHEX
• $IXS
• $BOSON
• $LAND
🤖 AIs
• $TAO
• $QUBIC
• $RNDR
• $PAAL
• $ASI
• $FET
🔶 BTCFi
• $STAMP
• $BILLY
• $RSIC
• $PUPS
• $MUBI
⚙️ L1s
• $KAS
• $SOL
• $INJ
• $DIONE
• $ALPH
• $TRIAS
• $TON
🎮 Gaming
• $KARRAT
• $NAKA
• $KATA
• $CROWN
• $METAL
• $BRN
• $UPO
📲Social network
• $BULL
🪙 Others
• $ATOR
• $VELO
• $GHX
• $JASMY
• $CSIX
• $ROSE
Did I miss anything fam?
🐶 Memes
• $WIF
• $PEPE
• $PEIPEI
• $POPCAT
• $MOG
• $MICHI
• $PONK
🏛️ RWAs
• $ONDO
• $RIO
• $CHEX
• $IXS
• $BOSON
• $LAND
🤖 AIs
• $TAO
• $QUBIC
• $RNDR
• $PAAL
• $ASI
• $FET
🔶 BTCFi
• $STAMP
• $BILLY
• $RSIC
• $PUPS
• $MUBI
⚙️ L1s
• $KAS
• $SOL
• $INJ
• $DIONE
• $ALPH
• $TRIAS
• $TON
🎮 Gaming
• $KARRAT
• $NAKA
• $KATA
• $CROWN
• $METAL
• $BRN
• $UPO
📲Social network
• $BULL
🪙 Others
• $ATOR
• $VELO
• $GHX
• $JASMY
• $CSIX
• $ROSE
Did I miss anything fam?
4 days ago
📉 Runes transactions on #Bitcoin are down more than 88%.
BTC miners have earned less than 2 bitcoin from Runes transactions over the last 6 days.
Far from the 884 bitcoins reached on April 24.
https://cointelegraph.com/...
BTC miners have earned less than 2 bitcoin from Runes transactions over the last 6 days.
Far from the 884 bitcoins reached on April 24.
https://cointelegraph.com/...
8 days ago
ETHEREUM
Him, on the other hand, makes me want to LONG so badly!
The location, its resistance against #Bitcoin and the news concerning a launch of ETH SPOT ETFs at any moment, make me bullish!!
But it's impossible for me to LONG with my negative bias on BTC. So I prefer to wait a little longer.
Many will call me a little pussy and I will respond: "It's impossible to buy the perfect bottom and sell the perfect top."
We have the time !!!!!!!!!!
Him, on the other hand, makes me want to LONG so badly!
The location, its resistance against #Bitcoin and the news concerning a launch of ETH SPOT ETFs at any moment, make me bullish!!
But it's impossible for me to LONG with my negative bias on BTC. So I prefer to wait a little longer.
Many will call me a little pussy and I will respond: "It's impossible to buy the perfect bottom and sell the perfect top."
We have the time !!!!!!!!!!
8 days ago
(E)
We just added $12000 to the $GBOY Liquidity pool and then BURNED IT ALL FOREVER
Just another step to strengthening our project and proving we're building for the long-term
Added LP tx:
https://solscan.io/tx/5sSu...
Burn LP tx:
https://solscan.io/tx/433b...
Show us another community takeover that does what we do time and time again...
That's almost $20k ,000 added to the LP and burned in the past few months
A successful NFT mint
And our game (first PvP for crypto on Telegram ever) about to enter testing
$GBOY is going to takeover
The question is, are you prepared?
Just another step to strengthening our project and proving we're building for the long-term
Added LP tx:
https://solscan.io/tx/5sSu...
Burn LP tx:
https://solscan.io/tx/433b...
Show us another community takeover that does what we do time and time again...
That's almost $20k ,000 added to the LP and burned in the past few months
A successful NFT mint
And our game (first PvP for crypto on Telegram ever) about to enter testing
$GBOY is going to takeover
The question is, are you prepared?
9 days ago
(E)
ETHBTC
Incredible to see ETH holding up against BTC!
I think speculators are anticipating the start of ETH SPOT ETF trading.
Incredible to see ETH holding up against BTC!
I think speculators are anticipating the start of ETH SPOT ETF trading.
10 days ago
Our Very Own BullPad -
If you're still having doubts here, the constant growth should be evidence enough to what BullVerse is gonna be.
A Bullpad to launch Your Token for for the insane🤯 price $1 !!!
Plus your token getting launched on Raydium if bonding curve marks $20k MarketCap.
Check Out These Features:
- Access to an Optional MM/Volume Bot
- Pre-pay to update token info & listings
- Get Marketing packages to further boost your token.
Easiest way to launch your token as a dev
Best Chance to avoid getting into rug pulls as a user..
#BullishonBullverse
If you're still having doubts here, the constant growth should be evidence enough to what BullVerse is gonna be.
A Bullpad to launch Your Token for for the insane🤯 price $1 !!!
Plus your token getting launched on Raydium if bonding curve marks $20k MarketCap.
Check Out These Features:
- Access to an Optional MM/Volume Bot
- Pre-pay to update token info & listings
- Get Marketing packages to further boost your token.
Easiest way to launch your token as a dev
Best Chance to avoid getting into rug pulls as a user..
#BullishonBullverse
10 days ago
📉 Bitcoin’s double TOP suggests BTC could fall to $45 ,000.
This is what Markus Thielen, founder of 10x Research, suggests.
“Technically, bitcoin appears to be in a double TOP formation as the support level is tested. This chart formation should be our base case unless it is invalidated. This formation could easily lead to a drop to 50 000 dollars, even 45,000 dollars.”
This is what Markus Thielen, founder of 10x Research, suggests.
“Technically, bitcoin appears to be in a double TOP formation as the support level is tested. This chart formation should be our base case unless it is invalidated. This formation could easily lead to a drop to 50 000 dollars, even 45,000 dollars.”
12 days ago
So DrDisrespect is based as fuck.
He’s a tall jacked handsome bastard that no doubt has women throwing themselves at him (I know how it is).
Some of his opinions upset people and his voice is loud.
“He’s a sexual predator” now?
Sorry… I just don’t fucking believe you.
He’s a tall jacked handsome bastard that no doubt has women throwing themselves at him (I know how it is).
Some of his opinions upset people and his voice is loud.
“He’s a sexual predator” now?
Sorry… I just don’t fucking believe you.
15 days ago
Is OP_CAT the missing piece for BTC L2s?
This opcode has everyone talking; what does it do?
A beginner's guide 👇
Bitcoin L2s are the talk of the town, but not much of their promise has been realized yet.
What are Bitcoin's builders waiting for?
One significant proposal could help mature the Bitcoin L2 landscape: the reintroduction of OP_CAT. This opcode, which was disabled early in Bitcoin's history, could unlock new capabilities and pave the way for more sophisticated and trustless Bitcoin L2 solutions.
Let's dig into why this opcode could be so transformative for BTC 👇
What is OP_CAT?
Okay, so why is this seemingly random opcode so controversial? OP_CAT, or "Operation Concatenate" is an opcode in Bitcoin's scripting language that allows for the concatenation of two data elements.
Initially proposed by Satoshi Nakamoto, OP_CAT was disabled in 2010 due to security concerns related to its original implementation, specifically potential denial-of-service (DoS) attacks caused by unbounded memory usage.
The introduction of the Taproot upgrade in 2021 has mitigated these original concerns. Taproot enforces a maximum stack element size of 520 bytes, addressing the memory usage issue that led to OP_CAT's deactivation. With this security improvement and resurgent Bitcoin development interest, thanks to Ordinals and Runes, a movement to reintroduce OP_CAT to enhance Bitcoin's scripting capabilities is gaining steam, aiming to put more complex transaction capabilities in reach.
Are Covenants and Smart Contracts Different?
One reason why OP_CAT is so compelling is because it can actualize covenants, i.e. spending conditions, on Bitcoin. Covenants and smart contracts are both mechanisms for controlling the flow of funds in a blockchain network, but they operate in distinct ways.
Covenants:
Purpose: Restrict how funds can be spent in future transactions.
Functionality: Implement specific spending constraints, such as limiting addresses or setting conditions on fund transfers.
Complexity: Generally involves simpler, deterministic logic without loops or complex computations.
Implementation: Can be implemented using Bitcoin Script with enhancements like OP_CAT.
Smart Contracts:
Purpose: Automate a wide range of processes and transactions.
Functionality: Handle complex tasks such as decentralized exchanges, token issuance, and multi-party agreements.
Complexity: Support complex conditional logic, including loops and intricate computations.
Implementation: Commonly implemented on platforms like Ethereum using high-level programming languages.
Why Does OP_CAT Matter for Bitcoin L2s?
OP_CAT would prove crucial for advancing Bitcoin L2 solutions because it enhances the scripting capabilities needed for more complex and trustless Bitcoin infra. First, OP_CAT allows for covenants, enabling the construction of more complex scripts. This is essential for creating advanced transaction conditions and functionalities required for L2 solutions.
Additionally, if OP_CAT is activated, projects like StarkWareLtdare on standby to develop atop it. StarkWare has plans to leverage OP_CAT for bringing zero-knowledge (ZK) scaling to #Bitcoin to enable advanced financial instruments and apps on the network. StarkWare’s involvement here underscores the broader ecosystem's readiness to capitalize on the enhanced capabilities that OP_CAT would introduce.
As such, as the community continues to explore and test the possibilities around this proposal, the future of Bitcoin L2s looks promising and ripe with potential. At this point, reactivating OP_CAT seems like a matter of when not if!
Written by
WPeaster
This opcode has everyone talking; what does it do?
A beginner's guide 👇
Bitcoin L2s are the talk of the town, but not much of their promise has been realized yet.
What are Bitcoin's builders waiting for?
One significant proposal could help mature the Bitcoin L2 landscape: the reintroduction of OP_CAT. This opcode, which was disabled early in Bitcoin's history, could unlock new capabilities and pave the way for more sophisticated and trustless Bitcoin L2 solutions.
Let's dig into why this opcode could be so transformative for BTC 👇
What is OP_CAT?
Okay, so why is this seemingly random opcode so controversial? OP_CAT, or "Operation Concatenate" is an opcode in Bitcoin's scripting language that allows for the concatenation of two data elements.
Initially proposed by Satoshi Nakamoto, OP_CAT was disabled in 2010 due to security concerns related to its original implementation, specifically potential denial-of-service (DoS) attacks caused by unbounded memory usage.
The introduction of the Taproot upgrade in 2021 has mitigated these original concerns. Taproot enforces a maximum stack element size of 520 bytes, addressing the memory usage issue that led to OP_CAT's deactivation. With this security improvement and resurgent Bitcoin development interest, thanks to Ordinals and Runes, a movement to reintroduce OP_CAT to enhance Bitcoin's scripting capabilities is gaining steam, aiming to put more complex transaction capabilities in reach.
Are Covenants and Smart Contracts Different?
One reason why OP_CAT is so compelling is because it can actualize covenants, i.e. spending conditions, on Bitcoin. Covenants and smart contracts are both mechanisms for controlling the flow of funds in a blockchain network, but they operate in distinct ways.
Covenants:
Purpose: Restrict how funds can be spent in future transactions.
Functionality: Implement specific spending constraints, such as limiting addresses or setting conditions on fund transfers.
Complexity: Generally involves simpler, deterministic logic without loops or complex computations.
Implementation: Can be implemented using Bitcoin Script with enhancements like OP_CAT.
Smart Contracts:
Purpose: Automate a wide range of processes and transactions.
Functionality: Handle complex tasks such as decentralized exchanges, token issuance, and multi-party agreements.
Complexity: Support complex conditional logic, including loops and intricate computations.
Implementation: Commonly implemented on platforms like Ethereum using high-level programming languages.
Why Does OP_CAT Matter for Bitcoin L2s?
OP_CAT would prove crucial for advancing Bitcoin L2 solutions because it enhances the scripting capabilities needed for more complex and trustless Bitcoin infra. First, OP_CAT allows for covenants, enabling the construction of more complex scripts. This is essential for creating advanced transaction conditions and functionalities required for L2 solutions.
Additionally, if OP_CAT is activated, projects like StarkWareLtdare on standby to develop atop it. StarkWare has plans to leverage OP_CAT for bringing zero-knowledge (ZK) scaling to #Bitcoin to enable advanced financial instruments and apps on the network. StarkWare’s involvement here underscores the broader ecosystem's readiness to capitalize on the enhanced capabilities that OP_CAT would introduce.
As such, as the community continues to explore and test the possibilities around this proposal, the future of Bitcoin L2s looks promising and ripe with potential. At this point, reactivating OP_CAT seems like a matter of when not if!
Written by
WPeaster
16 days ago
Is the $DJT memecoin actually connected to Trump?
The Solana memecoin reportedly launched by Trump's teen son Barron is mooning, but is it real?
Our analysis 👇
- Unverified Report and Market Impact: Tech, politics, and culture publication
PirateWires posted yesterday on Twitter claiming Donald Trump is launching a token named DJT. Following the post, DJT's trading volume hit $363M in the past 24 hours, and its price surged 385%.
- Speculative Connections and No Confirmation: The report suggested Trump's son Barron, a claim further substantiated by (supposedly) Barron’s best friend, Bo. However, the Trump campaign and organization have not responded.
- Suspicious Posting and Unlocked Liquidity: The contract address was shared in replies to the Pirate Wires post, which, upon analysis, showed DJT's liquidity is not locked, a significant red flag for memecoins, and that the token had a “build-the-wall” feature that could be activated to halt trading.
- KuCoin Funding and Limited Visibility: Further potential red flags come from the fact that the token was funded from kucoincom
, which is inaccessible to U.S. citizens. Also, DJT pools had minimal liquidity visibility on platforms like dexscreener
, working correctly only on specific tools like Dextools.
- Concentration and Trump's Silence: The top owner holds 67% of the supply, a high risk of manipulation. Despite his reputation, Trump has not claimed or bragged about the coin's success, which is unusual for him.
Bankless Take:
The DJT memecoin's surge certainly exhibits all of the hallmarks of a classic crypto grift. The sketchy nature of the source, suspicious dissemination of the contract address, unlocked liquidity, KuCoin funding, limited visibility, and high owner concentration are all significant red flags.
All that said, we don't know for sure one way or the other. In a new era of celebrity memecoins, it's not unreasonable that Trump would be dissatisfied seeing unofficial tickers like $TREMP pump without him getting a take. Further, Pirate Wires is operated by the CMO of venture fund Founders Fund which is run by Trump's close 2016 Silicon Valley ally (and outspoken BTC bull) peterthiel
The Solana memecoin reportedly launched by Trump's teen son Barron is mooning, but is it real?
Our analysis 👇
- Unverified Report and Market Impact: Tech, politics, and culture publication
PirateWires posted yesterday on Twitter claiming Donald Trump is launching a token named DJT. Following the post, DJT's trading volume hit $363M in the past 24 hours, and its price surged 385%.
- Speculative Connections and No Confirmation: The report suggested Trump's son Barron, a claim further substantiated by (supposedly) Barron’s best friend, Bo. However, the Trump campaign and organization have not responded.
- Suspicious Posting and Unlocked Liquidity: The contract address was shared in replies to the Pirate Wires post, which, upon analysis, showed DJT's liquidity is not locked, a significant red flag for memecoins, and that the token had a “build-the-wall” feature that could be activated to halt trading.
- KuCoin Funding and Limited Visibility: Further potential red flags come from the fact that the token was funded from kucoincom
, which is inaccessible to U.S. citizens. Also, DJT pools had minimal liquidity visibility on platforms like dexscreener
, working correctly only on specific tools like Dextools.
- Concentration and Trump's Silence: The top owner holds 67% of the supply, a high risk of manipulation. Despite his reputation, Trump has not claimed or bragged about the coin's success, which is unusual for him.
Bankless Take:
The DJT memecoin's surge certainly exhibits all of the hallmarks of a classic crypto grift. The sketchy nature of the source, suspicious dissemination of the contract address, unlocked liquidity, KuCoin funding, limited visibility, and high owner concentration are all significant red flags.
All that said, we don't know for sure one way or the other. In a new era of celebrity memecoins, it's not unreasonable that Trump would be dissatisfied seeing unofficial tickers like $TREMP pump without him getting a take. Further, Pirate Wires is operated by the CMO of venture fund Founders Fund which is run by Trump's close 2016 Silicon Valley ally (and outspoken BTC bull) peterthiel
16 days ago
Daily Memecoin Recap - June 18
Low volume day compared to yesterday
Still some good plays
Heavy Hitters
$billy -> $17 .33m to $64 .4m (3.71x), continues to get pushed by whales
$wolf -> $16m to $61m (3.81x), controlled supply by a good team = bullish
Dog meta on top
$holdy -> hit $4m , CTO
$jotchua -> hit $2 .7m
$henry -> hit $1 .7m, CTO
$booper -> hit $1 .7m, good team
$shibby -> hit $774k , CTO
$pawtus -> hit $593k ,
POTUS + dog meta, CTO
$bunny -> hit $590k , CTO
$honey -> hit $525k
$peep -> hit $512k
Martin Shkreli bets that $djt is really Trump's coin
- GCR offered to bet $100m
-
zachxbt is exposing $djt & insiders
-
MartinShkreli is exposed for being related to the $djt launch
Trump Rally
$maga -> hit $2m , "maganomics"
- Trump had a rally today, people were speculating on him to talk about $djt /crypto
Others
$diamond -> $256k to $1 .4m (5.47x), "diamond hands"
$chippy -> hit $7m , big KOLs supporting
$wig -> hit $2 .3m
$pvidia -> hit $724k , $pepe + $nvidia
One day market is hot, next day market is dead
Let's see what tomorrow brings🤝
Low volume day compared to yesterday
Still some good plays
Heavy Hitters
$billy -> $17 .33m to $64 .4m (3.71x), continues to get pushed by whales
$wolf -> $16m to $61m (3.81x), controlled supply by a good team = bullish
Dog meta on top
$holdy -> hit $4m , CTO
$jotchua -> hit $2 .7m
$henry -> hit $1 .7m, CTO
$booper -> hit $1 .7m, good team
$shibby -> hit $774k , CTO
$pawtus -> hit $593k ,
POTUS + dog meta, CTO
$bunny -> hit $590k , CTO
$honey -> hit $525k
$peep -> hit $512k
Martin Shkreli bets that $djt is really Trump's coin
- GCR offered to bet $100m
-
zachxbt is exposing $djt & insiders
-
MartinShkreli is exposed for being related to the $djt launch
Trump Rally
$maga -> hit $2m , "maganomics"
- Trump had a rally today, people were speculating on him to talk about $djt /crypto
Others
$diamond -> $256k to $1 .4m (5.47x), "diamond hands"
$chippy -> hit $7m , big KOLs supporting
$wig -> hit $2 .3m
$pvidia -> hit $724k , $pepe + $nvidia
One day market is hot, next day market is dead
Let's see what tomorrow brings🤝
