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Bankless

Level 1

2 months ago
Will Ethereum remain institutions' top choice?

jonahrobrts breaks down the blockchain competition for TradFi's attention 🤼‍♂️

========================================

Disruption. Digitization. Financial inclusion. Future-proofing.

What do all of these oft-repeated buzzwords have in common? They’ve all been used by crypto-pilled associates at TradFi firms to pitch their bosses on the exciting upside of blockchain tech. This year, it seems, the executives are listening.

Institutions jumped into crypto more headlong than ever in 2024. Their moves are starting to bridge the gap between TradFi and DeFi. However, this article isn’t focused on why firms are building onchain. Instead, we are focusing on where these funds are choosing to build.

----------------------------

What’s Happening on Ethereum?
Ethereum is the world’s largest smart-contract blockchain network. It has secured over $90 billion in RWAs, including stablecoins. 2024 has been a big year for the adoption of non-stablecoin RWAs on Ethereum as well, with the network growing its onchain U.S. treasuries, bonds, and cash equivalents from $800 million to over $1 .5 billion and overall non-stablecoin RWA value to $2 .9 billion.

Some of the major players building on Ethereum this year include
Visa, BlackRock and FTI_US

Earlier this month, Visa announced that they are building the Visa Tokenized Asset Platform (VTAP) on Ethereum. This is the company’s biggest step toward crypto adoption thus far. VTAP enables Visa to issue and manage fiat-backed tokens on Ethereum. It is intended to be a sandbox for participating financial institutional partners to create and experiment with fiat-backed tokens. They expect to begin piloting the platform with Spanish multinational bank BBVA in 2025. While the VTAP program is certainly an experiment, it gives credit to the thesis that TradFi will migrate its operations onto Ethereum over the coming decades.

----------------------------

Yet, the success of Ethereum’s competitors highlights a critical point: institutions are no longer bound to a single network. While Ethereum is foundational, blockchains like Solana and Stellar provide alternatives that are increasingly hard to ignore. However, they also present novel interoperability concerns.

Interoperability is central to the future of institutional blockchain adoption. As Visa states in their VTAP press release announcement, the largest benefits of building onchain include easy integration, programmability, and interoperability. Institutions that venture onto non-EVM chains like Solana or Stellar may face challenges in asset liquidity and protocol compatibility. This can lead to reliance on third-party services to bridge assets between chains, which introduces complexity and security risks. Ethereum’s widespread use means that staying within the EVM ecosystem—whether through Ethereum or Layer 2 solutions—remains the simplest and most secure option for institutions.

----------------------------

However, for Ethereum to maintain its lead in the race toward institutional adoption, it must continue to balance world-class security and stability with the performance and scalability that competing chains continue to push. The race to capture the attention of institutional finance will be won by the network that can not only meet today’s demands but also anticipate the needs of tomorrow. Ethereum is well-positioned for now, but staying on top will require constant evolution.
Mello

Level 1

2 months ago
Daily Memecoin Recap - October 15

Feels like happy land right now

Artificial Intelligence Bots
$medusa -> hit $31 .2m, heavily pushed by suganarium
#floydai -> hit $17 .2m, launched in April, coming back from the dead with the recent AI meta, George Floyd
#terminal -> hit $15 .2m
$arcane -> hit $1 .55m
#perseus -> hit $900k
- AI coins continue to take the spotlight
- They bullpost their own coin 24/7

Goat First Mover
$goat -> $97 .2m to $182 .1m (1.87x), leader of the AI meta, truth_terminal
$megs -> hit $6 .9m, truth_terminal ( $goat ) often speaks to megs_io
$wen -> hit $1 .85m, shilled by truth_terminal

Anime Meta
$gmika -> hit $8 .39m, AI waifu that you can private chat with on telegram
$amber -> hit $1 .2m, AI bot
$waifu -> hit $589k
$an /gel -> hit $320k

Animal Meta
$miharu -> $321k to $7 .2m (22.5x), Miharu The Smiling Dolphin
#meowmeow -> hit $7 .63m, tiktok trend about an AI animated cat (AI + Cat metas)
$atlas -> hit $2 .13m, new SeaWorld penguin
$mole -> hit $1 .5m, Mole The Sloth
$popo -> hit $1 .21m
#quaestio -> hit $457k , paleontologists may have discovered earth's oldest moving animal
$podcat -> hit $435k , cat on podcast
#popcorn -> hit $411k , popcorn the wood dog, viral dog

Good Volume
$autism -> $2 .48m to $14 .7m (5.93x)
$btcat -> $550k to $3 .57m (6.49x), first cat to appear on the blockchain
$mod -> $10k to $490k (49x), moon or dust, launched on July 22, has been dead since
$higher -> hit $2 .89m, time to go higher
$nigma -> hit $1 .69m, $sigma beta
$cash -> hit $1 .64m, moneys calling
$late -> hit $1m
$twk -> hit $862k , Those Who Know
$forest -> hit $578k

Eth Memes
$klaus -> hit $44 .5m, Matt Furie Meta
#wizard -> hit $5 .7m, pushed by Nate_Rivers, $cb on $eth instead of $sol

More Cooks
$moji -> hit $10 .63m, purple pickle emoji
#wolfina -> hit $3 .76m, woman version of $wolf
$wolf -> hit $1 .64m, Wolfius Maximus of Solstreet, $goat beta
$uman -> hit $1 .47m, we are all human
#retardia -> hit $1 .3m, #retardio beta
$viper -> hit $1m
$god -> hit $680k
$solo -> hit $572k , you can do it alone
#johnson -> hit $550k , Oh Long Johnson
$bud -> hit $536k
#100m -> hit $390k
#visualize -> hit $320k
$hd -> hit $308k , hits different
$mm -> hit $288k , memecoin millionaire

Just imagine how much everything's going to run once $btc breaks ATH
Astro peng

Level 2

3 months ago
Patience soon rewarded? 🤔

The volume of $BTC olds transferred on the blockchain has plunged by 90% since March.

Investors are waiting for the right moment to cash in their profits again! 💰
Astro peng

Level 2

3 months ago
🚨 River Corporation predicts that over the next 18 months, about 10% of U.S. companies will convert 1.5% of their cash reserves into #Bitcoin .

That would be around $10 .35 billion.

Since 2020, companies that invested 3% of their cash in BTC have been more resilient to inflation
Chemzy

Level 1

4 months ago
With crypto being among the top 3 strongest aspects of the forthcoming US election, it shows that the world at large is coming to terms with the future.

How long before cash dies??
Astro peng

Level 2

4 months ago
🗣️ “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/...
Astro peng

Level 2

4 months ago
🚨 OKX announces the closure of all customer accounts that have interacted with Tornado Cash.

This is why it is essential to leave only the bare minimum on the exchanges.

⚠️ Tomorrow they can close your accounts for any reason.

🔸 Exchange = not your private keys = not your cryptos = centralized

🔹 Wallet (metamask, ledger, phantom, tangem, trezor, etc. ) = your private keys = your cryptos = decentralized
Astro peng

Level 2

4 months ago
❌ In July, hackers stole $266 million of crypto through 16 attacks.

🔹 WazirX: $230 million (CeFi)

🔹 Compound: $24 million

🔹 LI.FI: $9 .73 million

🔹 Bittensor: $8 million

🔹 RhoMarkets: $7 .6 million (Returned)

🔹 Terra: $4 million

🔹 DoughFina: $1 .86 million

🔹 Minterest: $1 .4 million

🔹 MonoSwap: $1 .3 million

🔹 DeltaPrime: $1 million ($900,000 returned)

Most of the stolen funds were transferred to Tornado Cash.
Beverly

Level 1

4 months ago
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.
Faith

Level 1

4 months ago
GCash, The Philippines' Largest Financial Super App, Brings PayPal USD to 86M Users.
Astro peng

Level 2

4 months ago
🚀 Bitcoin and zombie companies: a new financial dynamic

Since the approval of spot Bitcoin ETFs on the American market, a shock wave has spread in the ranks of traditional finance. Bitcoin, once considered an infrequent option, is now recognized as a "legitimate financial instrument". This transformation is largely anticipated by companies such as MicroStrategy, which holds 226,300 BTC (or $15 billion) and represents more than 1% of the total supply limited to 21 million units.

Michael Saylor, founder of MicroStrategy, positions himself as a Bitcoin guru. He even evokes "economic immortality" thanks to the holding of BTC. Other publicly traded companies, such as Metaplanet and Semler Scientific, are inspired by this aggressive Bitcoin purchase strategy to boost their shares.

Metaplanet, for example, now holds a portfolio of 245 BTC (or $16 .4 million). Since the announcement of this strategy last April, Metaplanet's share price has risen dramatically, increasing by 980%. Simon Gerovich, CEO of Metaplanet, says that Bitcoin is the supreme monetary asset and that the company aims to own as many as possible.

The arrival of Bitcoin cash ETFs opens up new opportunities for zombie companies in search of excess capital. The simple possession of Bitcoin seems to have the power to revive these companies in difficulty. With the prospect of a $52 million BTC by 2050, Bitcoin continues to attract attention and transform the traditional financial landscape.
POPDOGsolcoin

Level 1

5 months ago (E)
Join us today Wed 7/17/24 at 4pm EST for our 6th MEGA Space of ‘Crypto Couch Talk’ w/ INFLUENCERS, YOUTUBERs and 50 top PROJECTS on the banner!

🚨Joint Space link 🎤

https://x.com/i/spaces/1mr...

Hosted by
@POPDOGsolcoin (https://x.com/POPDOGsolcoi...), 0xdr_defi (https://x.com/0xDr_DeFi) & K1dandWalt (https://x.com/K1dandWalt)
W/ all 60 speakers listed below!

Influencers and YouTubers:

CryptosR_Us (https://x.com/CryptosR_Us)
TheSolSaver (https://x.com/TheSolSaver)
Fityeth (https://x.com/Fityeth)
thedabatola (https://x.com/thedabatola)
fecktk (https://x.com/fecktk)
K1d_Crypt0 (https://x.com/K1d_Crypt0)
WALTER_DEFI (https://x.com/WALTER_DEFI)
ParabolicCalls (https://x.com/ParabolicCal...)
RicoMoneybags (https://x.com/RicoMoneybag...)
memecon_lol (https://x.com/MEMECON_lol)
MemeFestWTF (https://x.com/MemeFestWTF)
$POPDOG ‘s friends! CRYPTO is better w FRIENDS! Your network is your Net worth!!! 🤜🤛 💰💰💰

gmecoinsol (https://x.com/gmecoinsol)
Baby_token_sol (https://x.com/Baby_token_s...)
omnomtoken (https://x.com/omnomtoken)
ADAonSOL (https://x.com/ADAonSOL)
OGcatwifcoin (https://x.com/OGcatwifcoin)
DeepSpaceDPS (https://x.com/DeepSpaceDPS)
monke_meme_eth (https://x.com/monke_meme_e...)
redthemals (https://x.com/redthemals)
BonkOfA (https://x.com/BonkOfA)
StanleyPupToken (https://x.com/StanleyPupTo...)
BabaTokenSol (https://x.com/BabaTokenSol)
PopcatBaseToken (https://x.com/PopcatBaseTo...)
updogtoken (https://x.com/updogtoken)
XPXtoken (https://x.com/XPXtoken)
jeeter_on_sol (https://x.com/jeeter_on_so...)
bekeleonsol (https://x.com/bekeleonsol)
steakdtx (https://x.com/steakdtx)
mooskonsol (https://x.com/mooskonsol)
BullVerse_ (https://x.com/BullVerse_) @bullverse
TrumpCash47 (https://x.com/TrumpCash47)
AMWToken (https://x.com/AMWToken)
@HegeCoin (https://x.com/HegeCoin)
YoungPeezy_Pepe (https://x.com/YoungPeezy_P...)
MIMoneySol (https://x.com/MIMoneySol)
movement_solana (https://x.com/movement_sol...)
@PengyOS_sol (https://x.com/PengyOS_sol)
RedSolsX (https://x.com/RedSolsX)
jizzussolana (https://x.com/jizzussolana)
TTFBot (https://x.com/TTFBot)
@FeykNooz (https://x.com/FeykNooz)
@GameBoyOnSol (https://x.com/GameBoyOnSol)
ITSJOEVERRR (https://x.com/ITSJOEVERRR)
jeetolaxonbase (https://x.com/jeetolaxonba...)
Harvardwashing (https://x.com/Harvardwashi...)
TargetCart_SOL_ (https://x.com/TargetCart_S...)
TrumpSolMAGA (https://x.com/TrumpSolMAGA)
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SUPERSSOLANA (https://x.com/SUPERSSOLANA)
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nothingiscrypto (https://x.com/nothingiscry...)
ZazaOnSolana (https://x.com/ZazaOnSolana)
anonhunts(https://x.com/anonhunts)
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SWIFTIES_ERC (https://x.com/SWIFTIES_ERC)
MoonstersWeb3 (https://x.com/MoonstersWeb...)
BasedTHC (https://x.com/BasedTHC)
SOLbirddog (https://x.com/SOLbirddog)
@POPDOGsolcoin (https://x.com/POPDOGsolcoi...) $POPDOG

And more!!! 🙌

#crypto and #MEMES massive chill and shill dropping their Alpha 🚀🚀

All Projects are invited! 🐶🐱🦊🐸🦍

And POPCAT on SOL your INVITED again too! 🥳 POP POP POP We’re all freinds here! We don’t bite, We POP! 🐶🐱 $POPCAT POPCATSOLANA (https://x.com/POPCATSOLANA)

POPCATwtf (https://x.com/POPCATwtf)

And the BIG DOGS on SOLANA! $WIF 🐕 $BONK 🦮 $MYRO 🐕‍🦺
Hope

Level 1

5 months ago
DePlan's innovative platform built on the Solana blockchain which allows users to monetize unused subscription hours, is potentially disrupting the global subscription economy and driving the adoption of the Solana blockchain.

With the launch of its groundbreaking marketplace, the platform would allows users to monetize unused subscription hours through a unique "cash-back" system, providing app developers with a new revenue stream and reducing customer churn.
Mello

Level 1

5 months ago
DO NOT reuse your profits

Once you've swapped to stables, keep them there. No going back to $sol , no matter the circumstances

You hit a big play? Do this:
1. Switch some profits to stables
2. Withdraw your cash

The biggest mistake is using profits to jump back into new plays, you shouldn't risk losing gains that you've locked in

Protect your profits
Astro peng

Level 2

5 months 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!
Astro peng

Level 2

5 months ago
🚨 Mt. Gox will distribute Bitcoin and Bitcoin Cash refunds starting July 2024.

“The Rehabilitation Trustee will begin Bitcoin and Bitcoin Cash reimbursements to cryptocurrency exchanges in due course.”

“Refunds will be made from the beginning of July 2024.”

“We have taken the time to ensure safe and reliable repayment to creditors, including technical solutions for secure repayments, compliance with each country's financial regulations and discussions on repayment terms with cryptocurrency exchanges.”
Astro peng

Level 2

6 months ago
LAST MARK! SALE #102 😂

In truth, tell yourself that this may be your last chance to grab good prices before the crypto explosion for the second part of the bullrun!

Ok, many of you are out of cash (Cash is King), but at least don't sell stupidly to the whales please. Now is not the time to break down...

Courage and above all, turn off your screens if your mindset is not holding up. No shame! On the other hand, panic sell, you will blame yourself.
Chowchowmeow

Level 1

6 months ago
SOOOOOO BULLISH ON $TED !! AND TEDCASH! on SOLANA
$TED
B37ZMJ5w6qcGj78fi63C6uCEGF4gsxws1W5NJeHNVSxH
$TEDCASH GZ7BWvmAJXazTPX4VU3raRp5xErQ4CpjrDa7Rz1E6Ksh
BullVerse

Level 1

6 months ago
🚀 Do not miss the $BULLrun ! 🚀

This week on #BullVerse :

🔥 Token Fairlaunch UI Teaser
📚 Gitbook: https://bullverse.gitbook....
📈 $BULL Token is up 140%!
🍳 Dev Team is Cooking
💵 Referrals are cashing out ($3 per referral)

No one can stop what's coming next !

📊 Buy $BULL : https://dexscreener.com/so...

#bullish 🐂

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