🚨 The $1 .5 million CryptoPunks 2386 just sold for just $23 ,000 in a stroke of genius.

To put this into context, you should know that this CryptoPunk was split into 10,000 ERC20 tokens on 09/26/2020, and distributed among 257 holders, via a platform now out of service called Niftex.

Indeed, this NFT being very rare, it had been split in order to become more affordable and to allow everyone to own a part of a Punks.

But with the platform closed, it became difficult to sell or buy a fragment of this Punk.

However, the smart contract linked to the NFT remained valid on the blockchain, and an individual activated a buyback feature to ultimately take possession of the NFT for a fraction of its current value.

"Any shareholder can propose a buyout price, and if no one counters, he can buy the asset after 14 days."

So the offer was 0.001 ETH per share, or 10 ETH for the 10,000 shares. And the countdown that almost no one could see began.

After the 14 days, the individual got his hands on the NFT for a pittance.

Developer 0xQuit calls the operation the "theft of the century."

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).

Magic Eden led NFT marketplaces with $56M in annual revenue, surpassing all competitors combined. 71% came from Bitcoin Ordinals (excluding Runes and BRC20), and 27% was driven by Solana.

Phantom, Solana’s most widely used wallet provider, has drawn criticism from some users for charging fees on in-app token swaps.

While some disgruntled community members attacked Phantom, voices across the Solana ecosystem came to the wallet’s defence. Reigniting debate around business models in the Web3 world, Phantom’s supporters argue that the platform has a right to generate revenue.

In an industry where meme coin presales can raise over $40M , is it fair to attack businesses providing essential services for charging easily avoidable fees?

SOLANA COMMUNITY MEMBERS COMPLAIN ABOUT 0.85% SWAP FEE
Frustrated Solana users have taken to 𝕏 to air their grievances about Phantom’s in-app swap fees. The public outrage came following circulation of data suggesting that the wallet provider generated over $30M in revenue through token swaps.

Comparisons between quotes between wallets and DEX aggregator Jupiter only added further fuel to the fire. Perhaps spurred on by stagnant market conditions, commentators on social media remarked that discrepancies between swaps provided by Phantom and Jupiter were “actually ridiculous.”

Eagle-eyed users remarked that the data wasn’t wholly accurate. Galactic Geckos founder Genuine Articles highlighted that the $30M figure was lower than expected, before Fabiano.sol, the influencer who originally shared the data, acknowledged that Phantom would’ve generated over $10M through in-app token swaps in 2021 alone.

While it’s obvious that traders can access better rates by using platforms like Jupiter directly, can Wallet providers be blamed for charging fees on value-added services?

Is the Slander Against Phantom Justified?
Content creator and former Phantom team member Seb Montgomery countered the attacks levied against Phantom. Arguing that every business has operational costs that need paid, Montgomery asserted that “Dapps, apps, wallets, etc. need revenue or they close up shop, and head home.”

Hammering his points home, Montgomery reminded Solana users of their double standards. The content creator highlighted how network participants were willing to provide over $40M to the $WATER memecoin presale, but criticized an 0.8% fee on services offered by one of Solana’s longest-standing products.

“You have probably lost $1000s on the pure rubbish. So don't be a clown and not support the wallets that make it all possible.” - Seb Montgomery

Montgomery also acknowledged that Solana owes much of its success to Phantom. Paying homage to Phantom’s position as Solana’s most widely used wallet, Montgomery asserted “Without Phantom, Solana's success would not have been anywhere near where it got to.”

WHICH WALLET GIVES THE BEST VALUE ON SWAPS?
While traders and users looking for the best rates should always go directly to decentralized exchanges or aggregators, it’s also worth knowing the various in-app swap rates of different wallets.

Fuse Wallet - 0%

Solflare - 0.8%

Phantom - 0.85%

Backpack - 0.85%

It should also be noted that all Solana wallets route their trades through Jupiter. Solana’s leading DEX aggregator typically offers the best rates on trades and allows third-party apps to add fees onto swaps.

Despite some traders expressing frustration, Phantom and other wallet providers have always been transparent and forthcoming about in-app swap fees. Using wallet-based swaps is completely optional and easily bypassed. Trader’s complaints are hardly unresolved.

📱❌ SpyAgent, the new threat specialized in cryptocurrency theft, seen in more than 280 Android applications...

McAfee's Mobile Research Team has discovered a new type of mobile malware that targets seed phrases by scanning your device for images that may contain them.

This Android malware cleverly disguises itself as various trustworthy applications, ranging from banking and government services to TV streaming and utility apps.

However, once installed, these fake apps secretly collect and send your text messages, contacts and all images stored on servers.

https://www.mcafee.com/blo.../

📆 13 years ago, on September 7, 2011, 2008 Nobel Prize winner in economics Paul Krugman accused Bitcoin of being a “dumb money.”

10 years later, on September 7, 2021, El Salvador became the first country in the world to adopt Bitcoin as legal tender.

Sorry 🤭

❌️ More than 600 bitcoin ATMs have been taken offline worldwide in 2 months.

Authorities are searching for and shutting down crypto ATMs that are frequently involved in extortion and scams.

According to data from Coin ATM Radar, the global Bitcoin ATM network lost 435 and 182 machines in July and August.

Losses from ATM scams exceeded $110 million in 2023.
These scams typically involve fraudsters persuading victims to transfer their funds using Bitcoin ATMs under deceptive or fraudulent promises.

WHAT ARE THE BIGGEST OBSTACLES TO DePIN GROWTH??
In a recent appearance at ETHToronto, Frank Mathis highlights the next steps for DePIN’s future.

GenesysGo founder Frank Mathis is no stranger to the highs and lows of crypto’s thriving DePIN sector.

Drawing on his years of experience, Mathis joined other DePIN thought leaders at ETHToronto, including Helium COO Scott Sigel, to discuss the future of the sector.

“If DePIN solves that, DePIN is inevitable”
Like many passionate crypto community members, DePIN advocates staunchly argue that DePIN is inevitable. Speaking to hundreds of crypto enthusiasts at ETHToronto, Mathis offered a refreshing point of view.

The GenesysGo founder argues that value creation for contributors is one of the most integral aspects of running successful DePIN networks. Mathis highlighted that, while DePIN promises to reward contributors as decentralized software scales, “it’s shocking how much of that is running on AWS and Google Cloud.”

For example, over 50% of Ethereum node operators are hosted on AWS, Hetzner, and OVH servers.

Reiterating the importance of wealth creation for contributors, Mathis contends “what DePIN really is, is an attempt to take one of the most centralized layers of the stack and decentralize that amongst the people such that they start to participate in the growth and success of these models.”

GenesysGo’s ShdwDrive is one such example. The decentralized storage solution empowers users to earn $SHDW tokens by providing unused mobile storage to a distributed network, directly generating income from a device that lives in their pocket.

Reflecting the ideal DePIN model proposed by Mathis, network contributors benefit from the growth and success of the platform. The GenesysGo founder reinforced this notion, opining “DePIN is only as inevitable as the value that participants in the network get from it… if DePIN solves that, DePIN is inevitable.”

POOR PERFORMANCE “ONE OF THE BIGGEST FAILINGS OF DePIN”
On paper, the benefits of DePINs are obvious. However, in practice, these platforms often sacrifice performance and scalability in favor of decentralization. While this aids in value creation for contributors and increases security, it actually hamstrings performance and growth.

DePIN is often considered the natural evolution of the sharing economy, which delivered iconic businesses like Uber and Airbnb.

Drawing parallels between the pearls of the sharing economy and emerging DePIN projects, Mathis illustrated that “Uber became highly successful, not just because you’re able to share in pieces of things you don’t use everyday.. but because it worked well, it was fast, it was easy to use.”

Mathis argues that for DePIN projects to truly take off, they need to rival the performance standards set by centralized industry leaders. Referencing his experience with GenesysGo, the founder posits “in our case, our first principle [is] decentralized storage needs to be as fast, as secure, as stable, and perform every bit as well as a traditional Web2 cloud service.”

ABSTRACTION IS KEY
The Web3 user experience has long been considered one of the industry’s biggest obstacles to adoption. The complexities of wallet management and security have discouraged newcomers to space for over a decade, and continue to repel potential users today.

Mathis insists that abstracting the end-user experience away from blockchain technology is key to the success of the industry. Reinforcing this belief, the founder affirms “Your end user shouldn’t know that they’re interacting with Web3”

Looking towards the future, Mathis considers DePIN regulation will present a significant obstacle to the sector’s growth. However, instead of taking a chagrined approach to future regulatory concerns, the GenesysGo founder suggests that DePIN projects need to take on some responsibility.

❌️ Mbappe's official account on X has been hacked.

The hacker who promoted a scam with over $500 ,000 stolen.

The hacker also took the opportunity to make posts giving his opinions on football or his political views on Israel and Palestine.

These messages have all since been deleted

Daily Memecoin Recap - August 26

Volume is scattered across $sol & $trx

A Social Experiment
$cabal -> hit $910k , good concept, 10 KOLs were airdropped 2% supply each to see who would dump and who would hold

Youtube Dog
$sdog -> hit $600k , "The first meme coin fully built on top of youtube video"

Vibes Gains Traction
$vibes -> $803k to $8 .4m (10.4x), blknoiz06 tweeted about it, seeing it all over the timeline

So Much Higher
$smh -> hit $2 .8m, bundled, a lot of KOLs on board, experienced team

Sol Payments In GTA 6
$krill -> hit $440k , CTO
- A leak came out
- The leak says that GTA 6 will have an in game currency "skrilla", which will allow users to directly transact with other plays
- The leak claims that it will be powered by the top 10 cryptocurrencies

More Cooks
$deebo -> $180k to $790k (4.4x), "Deebo the Bear", CTO
$degh -> $63k to $630k (10x), redacted dog meme
$dp -> hit $1 .3m, "Daquavious Pork", CTO, based on viral tiktok videos
$euphoria -> hit $550k
$3dog -> hit $545k , "3D Dog"
$sicko -> hit $370k , "Sicko Mode", cat meme
$perro -> hit $325k , dog meme

Did you cook? 🍜

BTC came out of the local flat of 58,000-62,700, but there was no consolidation higher on the daily timeframe if you look at the candles after the breakdown candle. We see that there are 2 candlesticks of uncertainty. It is understood that they were on the weekend, and recently there have been small volumes on weekends. Also, the level of 62,700 remained open. There was also no re-test of the flat breakdown. If we do not see further growth today, it is more likely that the 62,700 level will be re-tested. Which is very logical. Let me also remind you that the main growth will begin after the breakdown of the pattern and the resistance zone of 70,000-73,000.

the withdrawal from the exchanges exceeds the input - 15%, 1,000 btc

Altcoins, since the squiz on August 5th, many altcoins have grown significantly. Some gave more than two x's. But still, these are only local movements, the main growth will begin after the breakdown of the descending lines on the capitalization of altcoins and the breakdown of the resistance level for Bitcoin. On September 11, there will be data on US inflation, after which it will be safe to say that the rate will be lowered on September 18.

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

🦊 MetaMask integrates Wallet Guard Security Engine to enable cutting-edge security features that block scams and protect your assets

Pt2 of my Tron memecoins research

Charts and Metrics

— avedex.cc
More flexible settings for indicators, faster price display, generally comfortable to use. It is very important that AVE is PAID (paid, well), analogy with the "pay dex" option. This is a green flag (and sometimes a scammer's trick);

— dextools.io/app/en/tron
I like the page with trending tokens, it displays which tokens are currently experiencing an increase in purchases or the number of transactions. Dextools can also be paid for, which is already a strong green flag for the project, because it costs a grand;

😊 Buy / Trade bots

— Official trading bot from SUNDOG
It's as if $WIF had its own product on Solana. So far, it's fast, quite convenient, there is an autobuy, like in Trojan. A copy of the NFD bot;

— NFD Tron Trade Bot

So far the most basic and convenient bot for trading;

— re:FEE

Part of the network commission can be paid with "energy", and this energy can be rented in such services
Savings from 50% to 80% compared to paying only for TRX.

Commissions in Tron are a separate story. The more transactions per day, the higher the commission. Sometimes, if the energy runs out, when selling a token, a commission of 50 TRX pops up. So just buy energy and fix fat profits, and the commission will not be so important;

🫡 ALERT bots

— t.me/sunpumpmigration
Notifies about token migration from sunpump to sunswap;
So far, imba. In the first 5 minutes of activity, you can often see alpha and catch X from deeps.

BTC, a fix on the daily timeframe did not work out. But as I showed in the video yesterday in the video, it may come out in the next week to consolidate above 60,000 on a weekly timeframe. The weekly timeframe is much stronger than the daily one. Locally, Bitcoin is still trading in the local flat, see the garfik. We are waiting for Jerome Powell's speech today.

withdrawal from exchanges exceeds input - correlation

Altcoins, against the background of the correction of Bitcoin dominance, we see how altcoins are increasing in price. Which is good news. There was also a breakdown of the first local downtrend line on the capitalization of Altcoins. I expect in the near future at least the arrival of the next more important downtrend lines on the capitalization of altcoins. Many altcoins came to the levels before the drain on August 5-8. Some are already more expensive.

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

💬 Franklin Templeton CEO Jenny Johnson is shocked by how much traditional finance underestimates #Bitcoin .

In a conversation at the Wyoming Blockchain Symposium in Jackson Hole, she said:

“What’s crazy to me is that in traditional finance, they have no idea how much money and how much volume [of bitcoin] there is “

http://coindesk.com/busine...

US presidential candidate Kamala Harris supports policies to expand the crypto industry, campaign adviser reveals

- Bloomberg

Hey guys, just moved to Madrid and here a few pics. I don't have a good camera on my phone, but its not that bad tho.

BTC, over the weekend, Bitcoin practically stood still on small volumes. There was an attempt to storm 60,000, but it failed to break through and gain a foothold higher. For many, it is already good that the price of Bitcoin has not gone into correction, as it was last weekend. The local support zone has been retained so far. But still, Bitcoin is now moving inside the pattern, this is its main movement. As I wrote in previous posts, the main growth should be expected only after the breakdown of the key resistance zone of 70,000-73,000. This week may bring enough manipulation of the whales and the Market Maker, which I use to enter some positions. Let me remind you that this week on Friday there will be a speech by Jerome Powell. Which is able to expand the market. Based on data including inflation received last week.

withdrawal from exchanges exceeds input - correlation
Minimum volumes!

Altcoins, I will use the possible volatility this week to enter some positions that I still want to purchase. Coins with good growth potentials! Let me also remind you that many coins are either at the lower boundary of a wide flat, which has already been happening for two and a half years of crypto winter. The units of coins that came out of it.

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

BTC, the price is still holding the local support zone. To reach the upper limit of the pattern, a breakdown of 60,000 and a consolidation above is required. There is also a breakdown and consolidation of the 62,600 level. Let me remind you that Bitcoin has been inside the pattern for at least 4.5 months. And it trades inside it. The main movement in the crypto market. I expect 70,000-73,000 after the breakdown of the key resistance zone. Everything else will be just local movements.

withdrawal from exchanges exceeds input - correlation

Altcoins, market makers and whales have achieved their goal, many sell in the negative leaving the market. Many people no longer have faith in the crypto market, some believe that the cryptocurrency will go to the scam. All these are the stories of people who do not even understand the cycles and cyclicity of bitcoin and altcoins, including. I expect the start of growth in altcoins after the breakdown of 70,000-73,000 for bitcoin. Rates are more likely to be lowered in September. Which will give an impetus to growth. It is clear that this will not be a lightning-fast growth! Steady growth, and the price began to move up towards the altseason.

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

BTC, the price came to the local support zone, which I wrote about yesterday in the post 57 700-56 175, tested and received a rebound from this level. Locally, in order for the price to go higher to the upper line of the pattern, as well as to the key resistance level, it is necessary to break through and gain a foothold above the 60,000 level and of course break through and gain a foothold above the 62,600 level.
The data that I will send this week was quite positive, for example, the SP500 recovered to a corrective level. And the Bitcoin Market Maker decided to adjust it. Let me remind you that at the moment there is only positive news on the crypto market, absolutely no negativity, in the summer, for example, the same SP500 grew and reached new highs, unlike the crypto market, no events in the world prevented it.
The landing of paper hands continues, faith in cryptocurrency is disappearing for many. It was all the same in the past. Many who have been in previous cycles know what kind of growth awaits us.! we are only at the very beginning of this cycle!

withdrawal from exchanges exceeds input - correlation

Altcoins, for the initial growth, it is necessary to break through the downward trends on the capitalization of altcoins, which we have already approached almost tightly. The correction of Bitcoin Dominance will also help in growth. Paper hands are sold, MM and Whales land weak hands, and at this time they themselves buy off significant volumes. There is not much time left for the good, and many will bite their elbows!

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

🚨 SCAM ATTENTION 🚨

The ICERIVER EU website and account have no connection with the original website IceRiverMiner !!!

Identity theft and unauthorized reseller.

Take care of yourself 🙏

More info here ⬇️

https://x.com/icerivermine...

how many of you have been scammed by KOL's???

be honest...

🚨 $FLOKI becomes partner of the Premier League for the 2024/2025 season.

👉 Starting mid-August, #Valhalla and $Floki will launch an advertising campaign with LED panels visible during Premier League matches, offering maximum TV visibility. This format, used by the biggest brands, will ensure global exposure and credibility for the cryptocurrency #Floki .

👉 The Premier League, broadcast to 712 million homes in 190 countries, with a cumulative audience of 3.23 billion (2022/23 season), is an ideal setting for Valhalla. The campaign will include 100 minutes of exposure, primarily during major club matches.

RealFlokiInu 🚀

https://x.com/realflokiinu...

When people poorer and less important than me block me I don’t give a shit.

With this in mind let me assure you,.. elonmusk
won’t lose any sleep over this #BlockMusk campaign.

He doesn’t read most of our pages anyway.

Bullverse coin is a scam.. if the Dev is earning that huge amount of money daily on pump.fun and Dev could not add more liquidity for easy movement

Now they’ve censored RichardDawkins and deleted his Facebook page.

I do not agree with him on many points. But he is a biologist, that’s what he is.

His “opinion” on males and females being biologically different has landed him in the midst of a matrix attack.

“First they came for me” …

🗣️ “The problem I have with MiCA is that instead of making the system safer, it actually creates an incredibly large systemic risk”

Tether CEO Paolo Ardoino expresses concerns about MiCA, which poses a systemic risk not only to stablecoins, but also to the broader banking system.

The MiCA regulation, which came into force on June 30, imposes strict limits on stablecoin operations in the EU.

In particular, it requires that at least 60% of the reserves backing stablecoins must be held in EU bank accounts.

He further pointed out that EU cash deposits are only insured for a maximum of $100 ,000, an amount insufficient for large stablecoin issuers like Tether

https://cointelegraph.com/...

The group just hit a 3x in a day.
-----------
No scams💎
-----------
No rugs💎
-----------
Dont belive me? Check for yourself.
https://t.me/norugstrendin...

⚖️ A company specializing in the recovery of funds following scams #crypto , scams its customers.

On August 5, the Department of Homeland Security reported that an investigation by its New York task force had resulted in charges against Michael Lauchlan, who ran Coin Dispute Network (CDN), a fraudulent crypto asset recovery business.

Lauchlan allegedly kept the fees and, in some cases, extracted additional ETH from nearly 175 customers, using false promises and fake blockchain tracing reports.

This is the first time a cryptocurrency recovery site has been shut down by the Manhattan District Attorney's office.

"Michael Lauchlan allegedly exploited his clients' lack of experience in the cryptocurrency industry and in return defrauded them of thousands of dollars in fraudulent services and stolen assets," the investigator said

https://cointelegraph.com/...

No Rugs telegram channel just made this today

💎3. 3x
💎1. 4x
💎1. 6x

New memecoin signals everyday with no scams and no rugs. I will link the channel here for anyone that is intrested. Really this is a gem.

https://t.me/norugstrendin...