22 hours ago
🇺🇸 Republican Rep. John Rose is proposing a bill to establish a joint advisory committee between the SEC and CFTC on digital assets.
It would consist of 20 representatives from the crypto industry and would aim to allow the sector to provide advice to both agencies on their respective rules, regulations and policies 👀
It would consist of 20 representatives from the crypto industry and would aim to allow the sector to provide advice to both agencies on their respective rules, regulations and policies 👀
23 hours ago
UK High Court Rules Tether's $USDT Stablecoin as Property, as Government Gears Up for New Crypto Legislation.
1 day ago
Donald Trump says "we're embracing the future with crypto and leaving the slow and outdated big banks behind."
2 days ago
🚨 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."
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."
3 days ago
Sentiment is down, and critics have been quick to point out ETH's underperformance against SOL while largely attributing this to a perceived loss of mindshare and users to L2s.
This narrative has sparked a crucial debate: Are L2s Ethereum?
arjunnchand
brings the analysis...
========================================
🤔 Symbiotic or Separatist?
L2s have been a core component of Ethereum's rollup-centric roadmap from the very beginning. They were envisioned as extensions (technical and cultural) of Ethereum, designed to expand its capabilities and attract a broader user base.
At their core, L2s are deeply linked with Ethereum. They share its DNA — relying on ETH as the currency, benefitting from Ethereum's security blanket, and utilizing it for data storage and settlement. It's like a startup leveraging its parent company's infrastructure and brand recognition, a win-win for both.
The symbiotic relationship between L2s and Ethereum is undeniable. L2s thrive on Ethereum's infrastructure and security, while Ethereum benefits from the increased activity and increased demand for ETH, making it a better store of value.
By offering lower fees and faster transaction times, L2s have made it easier for developers to build different types of applications. Look at the explosion of memecoins on Base or the rise of SocialFi platforms like Farcaster creating new markets for users.
Beyond that, L2s are becoming major hubs for DeFi activity, and ETH, the asset, is at the heart of this ecosystem. Look at the numbers:
arbitrum
,
Optimism
,
@base
— these chains are dominated by ETH-related assets.
🧛♂️ Vampire attack?
However, one of the primary arguments against the rollup-centric approach to scaling Ethereum is the assumption that L2s may not continue to rely on Ethereum. Sure, L2s and Ethereum seem like a happy family now. But what if L2s build their own empires and ditch Ethereum altogether? No more relying on Ethereum for security, no more ETH as gas, not even needing Ethereum's block space.
This "L2s go rogue" fear is a legitimate concern. Technically, they could build independent ecosystems with their own validators as they would then be able to own the entire modular blockchain stack. So, is this the future – a messy breakup between L2s and Ethereum? Not necessarily.
We can all agree that there are perhaps a few too many L2s. Too many copycats. Too little differentiation. It's like a thousand startups chasing the same market, all promising the same thing. This isn't healthy.
What we need are L2s that matter. L2s that offer something unique, something that sets them apart. Security, app diversity, GTM strategy — these are the areas where we need to see real innovation.
But we must be wary of ‘echo chambers’. These zones of chains should not become isolated universes. A healthy L2 ecosystem is one where chains work together, not in isolation. We need bridges, not moats.
We need collaboration. We need communication. We need education. We need incentives. We need to build shared infrastructure and standards that foster seamless connectivity across L2s. Only then can we truly win together.
💭 Closing Thoughts
You can say that L2s aren’t Ethereum. You can argue L2s aren’t even extensions of Ethereum. But you cannot deny the fact that L2s enhance the utility of Ethereum and ETH.
The "L2s vs. Ethereum" debate is a false dichotomy. This isn't a zero-sum game. Ultimately, Ethereum and L2s are in this together. Let's build a future where Ethereum and L2s thrive as a symbiotic whole, and push the crypto ecosystem forward.
This narrative has sparked a crucial debate: Are L2s Ethereum?
arjunnchand
brings the analysis...
========================================
🤔 Symbiotic or Separatist?
L2s have been a core component of Ethereum's rollup-centric roadmap from the very beginning. They were envisioned as extensions (technical and cultural) of Ethereum, designed to expand its capabilities and attract a broader user base.
At their core, L2s are deeply linked with Ethereum. They share its DNA — relying on ETH as the currency, benefitting from Ethereum's security blanket, and utilizing it for data storage and settlement. It's like a startup leveraging its parent company's infrastructure and brand recognition, a win-win for both.
The symbiotic relationship between L2s and Ethereum is undeniable. L2s thrive on Ethereum's infrastructure and security, while Ethereum benefits from the increased activity and increased demand for ETH, making it a better store of value.
By offering lower fees and faster transaction times, L2s have made it easier for developers to build different types of applications. Look at the explosion of memecoins on Base or the rise of SocialFi platforms like Farcaster creating new markets for users.
Beyond that, L2s are becoming major hubs for DeFi activity, and ETH, the asset, is at the heart of this ecosystem. Look at the numbers:
arbitrum
,
Optimism
,
@base
— these chains are dominated by ETH-related assets.
🧛♂️ Vampire attack?
However, one of the primary arguments against the rollup-centric approach to scaling Ethereum is the assumption that L2s may not continue to rely on Ethereum. Sure, L2s and Ethereum seem like a happy family now. But what if L2s build their own empires and ditch Ethereum altogether? No more relying on Ethereum for security, no more ETH as gas, not even needing Ethereum's block space.
This "L2s go rogue" fear is a legitimate concern. Technically, they could build independent ecosystems with their own validators as they would then be able to own the entire modular blockchain stack. So, is this the future – a messy breakup between L2s and Ethereum? Not necessarily.
We can all agree that there are perhaps a few too many L2s. Too many copycats. Too little differentiation. It's like a thousand startups chasing the same market, all promising the same thing. This isn't healthy.
What we need are L2s that matter. L2s that offer something unique, something that sets them apart. Security, app diversity, GTM strategy — these are the areas where we need to see real innovation.
But we must be wary of ‘echo chambers’. These zones of chains should not become isolated universes. A healthy L2 ecosystem is one where chains work together, not in isolation. We need bridges, not moats.
We need collaboration. We need communication. We need education. We need incentives. We need to build shared infrastructure and standards that foster seamless connectivity across L2s. Only then can we truly win together.
💭 Closing Thoughts
You can say that L2s aren’t Ethereum. You can argue L2s aren’t even extensions of Ethereum. But you cannot deny the fact that L2s enhance the utility of Ethereum and ETH.
The "L2s vs. Ethereum" debate is a false dichotomy. This isn't a zero-sum game. Ultimately, Ethereum and L2s are in this together. Let's build a future where Ethereum and L2s thrive as a symbiotic whole, and push the crypto ecosystem forward.
3 days ago
Crypto markets have suffered noticeable pullbacks following September 10’s highly anticipated presidential debate.
In the wake of self-proclaimed ‘Crypto President’ Donald Trump’s performance, scales have tipped in favor of Kamala Harris, with prediction markets illustrating renewed support for the Democrats.
Crypto Markets Tumble as Republican Confidence Wanes
The presidential debate had a resounding effect on the digital asset market. Following the event, $SOL price has dropped 5.1%, sliding from September 10’s high of $137 .9 to currently trade hands at $130 .84.
Beyond asset prices, CoinMarketCap’s Crypto Fear & Greed Index also dropped from a neutral 46.72 to a fearful ranking of 31.6.
The crypto market’s slide is expected to be due to the wider industry’s assumption that a Trump presidency will be favorable for the blockchain industry.
Commentators argue that Trump’s pro-crypto stance will greatly benefit the sector, with many analysts proposing that the approval of a spot SOL ETF hinges on a Republican victory. Meanwhile, some Solana community members expressed that regardless of who emerges triumphant in November, it will make little difference.
Over the past four years, the Biden administration has loomed large over the crypto industry. Gary Gensler and the S.E.C. (Securities and Exchanges Commission) have been widely criticized by the crypto community for their regulation-by-enforcement approach, which has seen the agency hand out a litany of lawsuits to crypto businesses throughout its time in office.
Volume Spikes on Drift Protocol’s Prediction Market
While Trump and Harris clashed heads on camera, traders took their chance to hit the prediction markets. Drift Protocol’s BET platform, a marketplace enabling users to trade the outcomes of real-world events, enjoyed an impressive surge of trading volume during the debate.
According to Dune Analytics, Drift Protocol’s BET protocol witnessed over $851k in daily trading volume. While falling short of market leader PolyMarket’s $14M daily volume, BET’s dramatic volume spike represented a 1,287% increase over the previous day’s trading.
According to BET’s dedicated market, Trump’s chances of winning the presidential election dropped from 54.2% to 49.5% since the debate began.
$TREMP Down, $KAMA Up
Finally, the landmark debate sent waves of volatility through Solana’s PolitiFi memecoin economy.
Unfortunately for $TREMP holders, crypto markets rejected the Presidential hopeful’s debate performance. $TREMP price crumbled under increased selling pressure, plunging 28% from.19 to currently exchange hands at.135, based on Step Finance data.
Meanwhile, the Kamala Harris-inspired $KAMA saw renewed support. $KAMA surged over 34%, rising from 0.007 to currently trade at.0094. Despite $KAMA’s superior performance, the memecoin still has a smaller market cap ($8.3M) than its PolitiFi rival $TREMP ($14.2M).
In the wake of self-proclaimed ‘Crypto President’ Donald Trump’s performance, scales have tipped in favor of Kamala Harris, with prediction markets illustrating renewed support for the Democrats.
Crypto Markets Tumble as Republican Confidence Wanes
The presidential debate had a resounding effect on the digital asset market. Following the event, $SOL price has dropped 5.1%, sliding from September 10’s high of $137 .9 to currently trade hands at $130 .84.
Beyond asset prices, CoinMarketCap’s Crypto Fear & Greed Index also dropped from a neutral 46.72 to a fearful ranking of 31.6.
The crypto market’s slide is expected to be due to the wider industry’s assumption that a Trump presidency will be favorable for the blockchain industry.
Commentators argue that Trump’s pro-crypto stance will greatly benefit the sector, with many analysts proposing that the approval of a spot SOL ETF hinges on a Republican victory. Meanwhile, some Solana community members expressed that regardless of who emerges triumphant in November, it will make little difference.
Over the past four years, the Biden administration has loomed large over the crypto industry. Gary Gensler and the S.E.C. (Securities and Exchanges Commission) have been widely criticized by the crypto community for their regulation-by-enforcement approach, which has seen the agency hand out a litany of lawsuits to crypto businesses throughout its time in office.
Volume Spikes on Drift Protocol’s Prediction Market
While Trump and Harris clashed heads on camera, traders took their chance to hit the prediction markets. Drift Protocol’s BET platform, a marketplace enabling users to trade the outcomes of real-world events, enjoyed an impressive surge of trading volume during the debate.
According to Dune Analytics, Drift Protocol’s BET protocol witnessed over $851k in daily trading volume. While falling short of market leader PolyMarket’s $14M daily volume, BET’s dramatic volume spike represented a 1,287% increase over the previous day’s trading.
According to BET’s dedicated market, Trump’s chances of winning the presidential election dropped from 54.2% to 49.5% since the debate began.
$TREMP Down, $KAMA Up
Finally, the landmark debate sent waves of volatility through Solana’s PolitiFi memecoin economy.
Unfortunately for $TREMP holders, crypto markets rejected the Presidential hopeful’s debate performance. $TREMP price crumbled under increased selling pressure, plunging 28% from.19 to currently exchange hands at.135, based on Step Finance data.
Meanwhile, the Kamala Harris-inspired $KAMA saw renewed support. $KAMA surged over 34%, rising from 0.007 to currently trade at.0094. Despite $KAMA’s superior performance, the memecoin still has a smaller market cap ($8.3M) than its PolitiFi rival $TREMP ($14.2M).
3 days ago
(E)
Good afternoon Future billionaires 💰
hope you all are having a good mid week
just want support from the community and letting you all know my Crypto account called 0x_D3Ku have been ⚠️hacked on twitter last night
https://x.com/0x_D3Ku/
please 🙏if you got the time report that account any know how by reporting them for impersonating me they just got my twitter and posting as me it wil be highly appreciated stay safe and have a good week ahead #BullVerse 📈
but you can follow my OG channel
https://x.com/OGD3KU/
hope you all are having a good mid week
just want support from the community and letting you all know my Crypto account called 0x_D3Ku have been ⚠️hacked on twitter last night
https://x.com/0x_D3Ku/
please 🙏if you got the time report that account any know how by reporting them for impersonating me they just got my twitter and posting as me it wil be highly appreciated stay safe and have a good week ahead #BullVerse 📈
but you can follow my OG channel
https://x.com/OGD3KU/
3 days ago
🇺🇸 Cryptocurrencies were not mentioned during the debate between Kamala Harris and Donald Trump tonight.
The latter, however, saw its rating drop by 3% on the Polymarket prediction market, compared to a 3% increase for Kamala Harris 📊
The latter, however, saw its rating drop by 3% on the Polymarket prediction market, compared to a 3% increase for Kamala Harris 📊
4 days ago
BREAKING: ensdomains is now integrated into Venmo and PayPal
You can now send funds to crypto wallets connected to .eth addresses
Ethereum's adoption continues...
You can now send funds to crypto wallets connected to .eth addresses
Ethereum's adoption continues...
4 days ago
What is Hana Network?
Hana Network is a blockchain platform that integrates with EigenLayer and Babylon to enhance security and functionality. It allows users to stake assets on EigenLayer and Babylon while taking advantage of their advanced security protocols. Hana Network uses cryptographic techniques to ensure transaction security and preserve user privacy. It also supports multi-party group broadcasts and anonymous routing protocols. With these integrations, Hana Network aims to offer reliable and secure decentralized solutions for various applications, making blockchain technology more accessible and efficient.
Hana Network is a blockchain platform that integrates with EigenLayer and Babylon to enhance security and functionality. It allows users to stake assets on EigenLayer and Babylon while taking advantage of their advanced security protocols. Hana Network uses cryptographic techniques to ensure transaction security and preserve user privacy. It also supports multi-party group broadcasts and anonymous routing protocols. With these integrations, Hana Network aims to offer reliable and secure decentralized solutions for various applications, making blockchain technology more accessible and efficient.
4 days ago
🇷🇺 Vladimir Putin praises Russia's crypto mining capabilities ⛏️ , stressing that the country is a world leader thanks to its energy surplus in Siberia.
Russia produced 54,000 $BTC in 2023, generating over $550 million in taxes 💰
The country is banking on the #cryptomonnaies for its economic future and to avoid international sanctions
Russia produced 54,000 $BTC in 2023, generating over $550 million in taxes 💰
The country is banking on the #cryptomonnaies for its economic future and to avoid international sanctions
4 days ago
Daily Memecoin Recap - September 9
Market sentiment could flip bullish at any moment
Apple Event
$dbp -> $850k , "Disco Ball Pigeon", emoji shown during the apple event, okx tweeted it $CowboyFrog -> hit $377k , first AI emoji apple showed during the event
Popular Memes & Trends
$gg -> hit $1m , Galaxy Gas, one of the dumbest trends I've ever seen, all over tiktok
$wait -> hit $844k , Correction Guy, viral meme on CT
$legend -> hit $264k , "F*cking Legend", old viral meme
Hyped Launch
$insdr -> hit $1m , "The Insiders", they've been posting for a while w/ twitter gold
Doge Team Post
$cate -> hit $511k , posted by $doge team,
Dog Meta
$jack -> hit $231k , cute dog
$duge -> hit $144k , plushie dog, CTO
Slow Cooks
$moth -> $2 .5m to $7m (2.8x), was stagnant for a couple days, currently breaking out
$deebo -> $350k to $1 .7m (4.85x), CTO, bear meme
$pe -> $370k to $917k (2.47x), " Half of $pepe "
$mope -> $30k to $330k (11x), CTO
Other Plays
$btc2 -> hit $1 .39m, "Bitcoin 2.0", a fake $btc on solana, limited supply of 21,000 tokens
$ct -> hit $732k , "Crypto Twitter"
$bingus -> hit $308k , X community, pushed by KOLs
$fp -> hit $298k , a fluffy pickle
$dwagon -> hit $295k , dragon + $fwog , CTO
$unlock -> hit $178k , "unlock your full potential, unlock unlimited gains on Solana"
Patience & quality over quantity 🤫
Market sentiment could flip bullish at any moment
Apple Event
$dbp -> $850k , "Disco Ball Pigeon", emoji shown during the apple event, okx tweeted it $CowboyFrog -> hit $377k , first AI emoji apple showed during the event
Popular Memes & Trends
$gg -> hit $1m , Galaxy Gas, one of the dumbest trends I've ever seen, all over tiktok
$wait -> hit $844k , Correction Guy, viral meme on CT
$legend -> hit $264k , "F*cking Legend", old viral meme
Hyped Launch
$insdr -> hit $1m , "The Insiders", they've been posting for a while w/ twitter gold
Doge Team Post
$cate -> hit $511k , posted by $doge team,
Dog Meta
$jack -> hit $231k , cute dog
$duge -> hit $144k , plushie dog, CTO
Slow Cooks
$moth -> $2 .5m to $7m (2.8x), was stagnant for a couple days, currently breaking out
$deebo -> $350k to $1 .7m (4.85x), CTO, bear meme
$pe -> $370k to $917k (2.47x), " Half of $pepe "
$mope -> $30k to $330k (11x), CTO
Other Plays
$btc2 -> hit $1 .39m, "Bitcoin 2.0", a fake $btc on solana, limited supply of 21,000 tokens
$ct -> hit $732k , "Crypto Twitter"
$bingus -> hit $308k , X community, pushed by KOLs
$fp -> hit $298k , a fluffy pickle
$dwagon -> hit $295k , dragon + $fwog , CTO
$unlock -> hit $178k , "unlock your full potential, unlock unlimited gains on Solana"
Patience & quality over quantity 🤫
5 days ago
🚨 Dominance of #Bitcoin still on this trendline.
Bitcoin Dominance Decline: This is when Bitcoin's share of the total cryptocurrency market cap declines, often because #altcoins s are gaining value or popularity more quickly.
Altseason: This is a period where #altcoins performs much better than #Bitcoin , with prices rising sharply for these cryptocurrencies.
PS: a decrease in dominance does not in any way mean a decrease in the price of #Bitcoin .
#Altseason Tick, Tock ⏳
Bitcoin Dominance Decline: This is when Bitcoin's share of the total cryptocurrency market cap declines, often because #altcoins s are gaining value or popularity more quickly.
Altseason: This is a period where #altcoins performs much better than #Bitcoin , with prices rising sharply for these cryptocurrencies.
PS: a decrease in dominance does not in any way mean a decrease in the price of #Bitcoin .
#Altseason Tick, Tock ⏳
5 days ago
After the euphoric highs of Q2, fear and doubt have crept back into crypto markets in recent months.
Amidst the uncertainty Solana’s DeFi ecosystem has shed layers of TVL (Total Value Locked), with the majority of protocol’s losing between 13-18% in USD value on a monthly time frame.
However, despite the market-wide pullback, outperformers have emerged. Which protocols created a liquidity vacuum and expanded their TVL despite ailing markets?
NX FINANCE, LULO LEAD MONTHLY TVL GROWTH
Solana’s DeFi scene has enjoyed newfound momentum and attention throughout 2024. However, the last 30 days indicate a charge in sentiment, with the bulk of Solana protocols suffering significant drops in their TVL.
Despite challenging conditions, several outliers have outperformed the wider market and witnessed continued growth in the face of adversity.
Lending aggregator NX Finance led the charge, enjoying consistent growth in the face of difficult markets. Courtesy of its incentivized rewards program, NX Finance TVL rose 65% in the last 30 days, leading Solana’s top 50 DeFi applications by TVL.
Meanwhile, fellow lending aggregator Lulo Finance continued to rise through the ranks, securing over $30M in Directed Liquidity (DL). With over 92% of its DL, a similar metric similar to TVL, held in stablecoins, Lulo-managed value has increased by 32.27% in the last 30 days.
At first glance, DeFiLlama data suggests that Jupiter’s TVL has risen by 47.22% in the last 30 days. However, this increase is due to the popular analytics platform integrating $jupSOL into Jupiter’s total TVL on August 16, adding approximately $300M worth of funds to the platform.
According to Step Finance data, $jupSOL supply has risen 0.36% in the last 30 days. Coupled with the 2.22% decline in Jupiter perpetual TVL in the same time period, it can be concluded that Jupiter’s total TVL has remained relatively stable in the face of challenging market conditions.
Kamino TVL Climbs Despite Falling Prices
Kamino Finance has been one of Solana DeFi’s most solid performers throughout Q3’s volatility. While lending aggregators like NX Finance and Lulo predominantly hold stablecoins, making them more resilient to market downturn, Kamino accepts deposits from a wider range of more volatile assets.
Despite falling asset prices across the industry, Kamino has emerged as one of Solana’s standout DeFi protocols.
While $SOL price has dropped over 36% since its March 18 high of $202 , Kamino TVL has increased by 12% in USD terms. Denominated in SOL, Kamino TVL has risen by 76% in the same time frame.
JUPITER DOMINATES PERPETUAL TVL ACROSS THE INDUSTRY
Jupiter’s perpetual DEX platform shows no sign of relinquishing its iron grip on derivatives dominance. One of Solana’s largest DeFi protocols, Jupiter’s perpetual DEX is currently the largest onchain derivatives market in the crypto industry.
Boasting over $657M in TVL, Jupiter dominates perpetual market share. According to DeFiLlama data, the Solana-based platform currently accounts for 18.82% of onchain derivatives TVL across the industry.
While Jupiter boasts the highest TVL across all perpetual DEXes, its closest rival still witnesses higher trading volumes. During August, Hyperliquid handled $34 .6B in trading volume compared to Jupiter’s $15 .1B. It’s worth noting that Hyperliquid’s high volume could attributed to its points program, which is expected to influence token allocations ahead of the protocol’s upcoming airdrop
Amidst the uncertainty Solana’s DeFi ecosystem has shed layers of TVL (Total Value Locked), with the majority of protocol’s losing between 13-18% in USD value on a monthly time frame.
However, despite the market-wide pullback, outperformers have emerged. Which protocols created a liquidity vacuum and expanded their TVL despite ailing markets?
NX FINANCE, LULO LEAD MONTHLY TVL GROWTH
Solana’s DeFi scene has enjoyed newfound momentum and attention throughout 2024. However, the last 30 days indicate a charge in sentiment, with the bulk of Solana protocols suffering significant drops in their TVL.
Despite challenging conditions, several outliers have outperformed the wider market and witnessed continued growth in the face of adversity.
Lending aggregator NX Finance led the charge, enjoying consistent growth in the face of difficult markets. Courtesy of its incentivized rewards program, NX Finance TVL rose 65% in the last 30 days, leading Solana’s top 50 DeFi applications by TVL.
Meanwhile, fellow lending aggregator Lulo Finance continued to rise through the ranks, securing over $30M in Directed Liquidity (DL). With over 92% of its DL, a similar metric similar to TVL, held in stablecoins, Lulo-managed value has increased by 32.27% in the last 30 days.
At first glance, DeFiLlama data suggests that Jupiter’s TVL has risen by 47.22% in the last 30 days. However, this increase is due to the popular analytics platform integrating $jupSOL into Jupiter’s total TVL on August 16, adding approximately $300M worth of funds to the platform.
According to Step Finance data, $jupSOL supply has risen 0.36% in the last 30 days. Coupled with the 2.22% decline in Jupiter perpetual TVL in the same time period, it can be concluded that Jupiter’s total TVL has remained relatively stable in the face of challenging market conditions.
Kamino TVL Climbs Despite Falling Prices
Kamino Finance has been one of Solana DeFi’s most solid performers throughout Q3’s volatility. While lending aggregators like NX Finance and Lulo predominantly hold stablecoins, making them more resilient to market downturn, Kamino accepts deposits from a wider range of more volatile assets.
Despite falling asset prices across the industry, Kamino has emerged as one of Solana’s standout DeFi protocols.
While $SOL price has dropped over 36% since its March 18 high of $202 , Kamino TVL has increased by 12% in USD terms. Denominated in SOL, Kamino TVL has risen by 76% in the same time frame.
JUPITER DOMINATES PERPETUAL TVL ACROSS THE INDUSTRY
Jupiter’s perpetual DEX platform shows no sign of relinquishing its iron grip on derivatives dominance. One of Solana’s largest DeFi protocols, Jupiter’s perpetual DEX is currently the largest onchain derivatives market in the crypto industry.
Boasting over $657M in TVL, Jupiter dominates perpetual market share. According to DeFiLlama data, the Solana-based platform currently accounts for 18.82% of onchain derivatives TVL across the industry.
While Jupiter boasts the highest TVL across all perpetual DEXes, its closest rival still witnesses higher trading volumes. During August, Hyperliquid handled $34 .6B in trading volume compared to Jupiter’s $15 .1B. It’s worth noting that Hyperliquid’s high volume could attributed to its points program, which is expected to influence token allocations ahead of the protocol’s upcoming airdrop
5 days ago
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
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
5 days ago
📱❌ 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.../
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.../
New Android SpyAgent Campaign Steals Crypto Credentials via Image Recognition | McAfee Blog
Authored by SangRyol Ryu Recently, McAfee’s Mobile Research Team uncovered a new type of mobile malware that targets mnemonic keys by scanning for images
https://www.mcafee.com/blogs/other-blogs/mcafee-labs/new-android-spyagent-campaign-steals-crypto-credentials-via-image-recognition/
5 days ago
🔥 AMAZING 🔥
How much money needs to COME IN for #Bitcoin to reach 1 MILLION DOLLARS ⁉️
💥 Professional trader, Willy Woo, did some calculations to estimate how difficult it would be for bitcoin to reach million dollar figures.
💥 All your analysis is based on a conservative scenario
👉 According to their projections, $5 TRILLION of investment in bitcoin is needed to reach this goal, that is, 1% of the world's WEALTH assets.
▪️ The Market Cap of #Bitcoin would reach 19 trillion dollars if this happened.
▪️ This chart shows the size of OTHER markets compared to the overall crypto market….
▪️ The STOCK market has a market capitalization of no less than 106 trillion dollars
👀 A $19 trillion market cap for Bitcoin is certainly NOT FREAKY compared to other markets.
How much money needs to COME IN for #Bitcoin to reach 1 MILLION DOLLARS ⁉️
💥 Professional trader, Willy Woo, did some calculations to estimate how difficult it would be for bitcoin to reach million dollar figures.
💥 All your analysis is based on a conservative scenario
👉 According to their projections, $5 TRILLION of investment in bitcoin is needed to reach this goal, that is, 1% of the world's WEALTH assets.
▪️ The Market Cap of #Bitcoin would reach 19 trillion dollars if this happened.
▪️ This chart shows the size of OTHER markets compared to the overall crypto market….
▪️ The STOCK market has a market capitalization of no less than 106 trillion dollars
👀 A $19 trillion market cap for Bitcoin is certainly NOT FREAKY compared to other markets.
5 days ago
A lil weekly recap on #btc
• Analysts: US Fed rate cut could push Bitcoin down 20%
• Bitcoin price dips to new 1-month low after $57K US jobs data 'fakeout'
• Samson Mow: Bitcoin bears base $40K prediction on 'self induced fear'
• Trump vows to make US ‘world capital of crypto,’ taps Musk for new task force
• Coinbase secures partial victory over SEC in motion to compel discovery
• VanEck to shutter Ethereum futures ETF as investors shift to spot ETHV
• Report: US companies forecast to buy $10 .3B in Bitcoin over next 18 months
• Crypto venture capital funding surges to $633M in August rebound
• Chainalysis says Russia’s crypto infrastructure aims to skirt Western sanctions
• Monochrome confident as it files for Australia’s first ETF to hold Ether directly
• Binance CEO says CZ is banned from managing or operating the exchange
• Outlier Ventures says four-year cycle is dead after bitcoin's 'worst price performance following any halving to date.
• Analysts: US Fed rate cut could push Bitcoin down 20%
• Bitcoin price dips to new 1-month low after $57K US jobs data 'fakeout'
• Samson Mow: Bitcoin bears base $40K prediction on 'self induced fear'
• Trump vows to make US ‘world capital of crypto,’ taps Musk for new task force
• Coinbase secures partial victory over SEC in motion to compel discovery
• VanEck to shutter Ethereum futures ETF as investors shift to spot ETHV
• Report: US companies forecast to buy $10 .3B in Bitcoin over next 18 months
• Crypto venture capital funding surges to $633M in August rebound
• Chainalysis says Russia’s crypto infrastructure aims to skirt Western sanctions
• Monochrome confident as it files for Australia’s first ETF to hold Ether directly
• Binance CEO says CZ is banned from managing or operating the exchange
• Outlier Ventures says four-year cycle is dead after bitcoin's 'worst price performance following any halving to date.
7 days ago
🇮🇳 India reviews registrations of foreign crypto exchanges.
India's Financial Intelligence Unit is reviewing the registration applications of four foreign crypto exchanges that were previously banned for failing to comply with the country's anti-money laundering laws
https://cointelegraph.com/...
India's Financial Intelligence Unit is reviewing the registration applications of four foreign crypto exchanges that were previously banned for failing to comply with the country's anti-money laundering laws
https://cointelegraph.com/...
7 days ago
📈 Bitcoin has failed to reclaim the important $60k support area in recent days ❌
With additional selling pressure from disappointing US economic numbers, the price dipped further below $55k today.
The analysis is simple here, BTC remains in its 6-month range and accumulation continues with very likely an imminent retest of the bottom of the pattern in yellow towards $49k -$50k.
Will we have a final retest of the bottom of the pattern before the bullish explosion with around $90k by the end of the year? This is the scenario I favor after a halving that is moving further and further away and a very long accumulation that is making some lose patience and hope 😴
The technical side is not so bad, however the economic context will have to follow, because unfortunately the crypto market remains very sensitive to it.
We have been patient, and we will have to remain so for a few more weeks, but let's not give up 💪
With additional selling pressure from disappointing US economic numbers, the price dipped further below $55k today.
The analysis is simple here, BTC remains in its 6-month range and accumulation continues with very likely an imminent retest of the bottom of the pattern in yellow towards $49k -$50k.
Will we have a final retest of the bottom of the pattern before the bullish explosion with around $90k by the end of the year? This is the scenario I favor after a halving that is moving further and further away and a very long accumulation that is making some lose patience and hope 😴
The technical side is not so bad, however the economic context will have to follow, because unfortunately the crypto market remains very sensitive to it.
We have been patient, and we will have to remain so for a few more weeks, but let's not give up 💪
8 days ago
Magic Eden, Solana’s leading NFT marketplace by trading volume, has surprised network participants with an unexpected announcement.
On September 5, the crypto juggernaut revealed it would be splitting its trading platform into two separate sites, Magic Eden International and Magic Eden US.
The move has drawn skepticism from the wider community, who speculate that the regulatory landscape in the U.S. could impact user eligibility for Magic Eden’s highly-anticipated airdrop.
MAGIC EDEN'S U.S. USERS FEAR AIRDROP EXCLUSION
In the official announcement, Magic Eden posited that the U.S. site “will still have great products you know and love while .IO [the international site] will give us the ability to cook up (and sauté) even more features…”, suggesting that the U.S. platform will offer a limited range of services compared to its international equivalent.
Magic Eden users have expressed concerns that these limitations could extend to airdrop eligibility. Throughout the year, Solana users based in the United States have frequently found themselves unable to claim tokens due to geographic restrictions.
Due to regulatory concerns and the ongoing scrutiny of the SEC (Securities and Exchanges Commission), many crypto projects, like Sanctum and Grass, avoid distributing airdropped tokens to U.S. users.
Regulatory clarity around NFTs and digital assets were further exacerbated in late August, when the SEC issued a Wells notice to OpenSea, an alternative NFT marketplace.
Claiming that the platform facilitated the sale of unregistered securities, the notice serves as a preliminary warning and often precedes formal legal action.
In what could be considered a tongue-in-cheek gag, the official Magic Eden 𝕏 account also added a playful line to it’s bio, stipulating that “Tweets are only for non US Residents”.
SolanaFloor engaged the Magic Eden Foundation for clarity sounding the airdrop eligibility of its U.S. users. At press time, the Magic Eden Foundation declined to respond.
$ME TRADES AT.20 DESPITE LACK OF TOKENOMIC CLARITY
Since the initial announcement of the Magic Eden airdrop, pre-market trading for $ME has witnessed volatility. After opening at.08 on August 28, $ME pre-market prices rose as high as.24 before stabilizing at.20.
Despite attracting over $700 ,000 in trading volume, pre-market trading platform Whales Market has been criticized for opening a market for a coin with an unknown supply.
Without any publicly revealed tokenomics, pre-market traders are speculating on $ME at unknown valuations, which could lead to significant losses for participants.
COINGECKO NAMES MAGIC EDEN CRYPTO’S LARGEST NFT MARKETPLACE
Despite 2024’s NFT market suffering challenging conditions and diminishing volumes throughout the year, Magic Eden has managed to reassert its position as the industry’s top marketplace.
Coingecko, a popular cryptocurrency analysis site, recently declared Magic Eden as 2024’s top NFT marketplace. Boasting 36.7% market share, much of Magic Eden’s success this year could be credited to its adoption of the Bitcoin ecosystem, including its integration of Ordinals, BRC-20 tokens, and Runes.
On September 5, the crypto juggernaut revealed it would be splitting its trading platform into two separate sites, Magic Eden International and Magic Eden US.
The move has drawn skepticism from the wider community, who speculate that the regulatory landscape in the U.S. could impact user eligibility for Magic Eden’s highly-anticipated airdrop.
MAGIC EDEN'S U.S. USERS FEAR AIRDROP EXCLUSION
In the official announcement, Magic Eden posited that the U.S. site “will still have great products you know and love while .IO [the international site] will give us the ability to cook up (and sauté) even more features…”, suggesting that the U.S. platform will offer a limited range of services compared to its international equivalent.
Magic Eden users have expressed concerns that these limitations could extend to airdrop eligibility. Throughout the year, Solana users based in the United States have frequently found themselves unable to claim tokens due to geographic restrictions.
Due to regulatory concerns and the ongoing scrutiny of the SEC (Securities and Exchanges Commission), many crypto projects, like Sanctum and Grass, avoid distributing airdropped tokens to U.S. users.
Regulatory clarity around NFTs and digital assets were further exacerbated in late August, when the SEC issued a Wells notice to OpenSea, an alternative NFT marketplace.
Claiming that the platform facilitated the sale of unregistered securities, the notice serves as a preliminary warning and often precedes formal legal action.
In what could be considered a tongue-in-cheek gag, the official Magic Eden 𝕏 account also added a playful line to it’s bio, stipulating that “Tweets are only for non US Residents”.
SolanaFloor engaged the Magic Eden Foundation for clarity sounding the airdrop eligibility of its U.S. users. At press time, the Magic Eden Foundation declined to respond.
$ME TRADES AT.20 DESPITE LACK OF TOKENOMIC CLARITY
Since the initial announcement of the Magic Eden airdrop, pre-market trading for $ME has witnessed volatility. After opening at.08 on August 28, $ME pre-market prices rose as high as.24 before stabilizing at.20.
Despite attracting over $700 ,000 in trading volume, pre-market trading platform Whales Market has been criticized for opening a market for a coin with an unknown supply.
Without any publicly revealed tokenomics, pre-market traders are speculating on $ME at unknown valuations, which could lead to significant losses for participants.
COINGECKO NAMES MAGIC EDEN CRYPTO’S LARGEST NFT MARKETPLACE
Despite 2024’s NFT market suffering challenging conditions and diminishing volumes throughout the year, Magic Eden has managed to reassert its position as the industry’s top marketplace.
Coingecko, a popular cryptocurrency analysis site, recently declared Magic Eden as 2024’s top NFT marketplace. Boasting 36.7% market share, much of Magic Eden’s success this year could be credited to its adoption of the Bitcoin ecosystem, including its integration of Ordinals, BRC-20 tokens, and Runes.
8 days ago
The crypto market jumps as the US unemployment rate hits 4.2% as expected compared to 4.3% previously easing recession fears. Investors are bracing for September rate cuts, and optimism grows over the market’s near-term outlook.
8 days ago
🇺🇸 Donald Trump: "Instead of attacking the industries of the future, we will embrace them, including making America the world capital of cryptocurrencies and #Bitcoin ."
8 days ago
I have found an asset in the market #crypto , BRUTAL to go LONG (Futures) or BUY (spot) for the next 6-9 months. On a technical level, it is clearly in a rebound zone and it is very possible that it will soon start a bullish rally in which it multiplies its value by X4 or X5.
If we reach 20 LIKES on this post, I will publish an analysis of the asset.
If we reach 20 LIKES on this post, I will publish an analysis of the asset.
8 days ago
❌️ 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.
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.
9 days ago
BullVerse Update
BullPad
There have been numerous inquiries regarding BullPad, and we would like to address them. After careful consideration, the team has decided that launching BullPad at this time would not be beneficial. The market sentiment remains highly bearish, trading volumes across financial markets are low, and overall uncertainty persists. Furthermore, Pump.fun’s volume has decreased by 95% from its all-time high. All signs indicate that this is not the ideal time to release a launchpad. However, we remain fully committed to launching it when market conditions are more favorable.
BullPay
BullPay is currently in beta (available at bullpay.fun). As well-needed solution in the space, it is connected to a lot of upcoming features inisde the platform. BullPay will serve not only as a marketplace but also as a crypto payment gateway, like Stripe or PayPal for crypto transactions. We developed an API kit allowing our partners to get paid from their website or mobile app.
Activity Rewards & User Experience
We are still working on developing a sustainable, more gamified and automated solution for activity rewards. Once this is finalized, we will announce it, and automated payouts will resume.
The BullVerse Ecosystem
It’s important to note that BullVerse is a long-term project. We are continually enhancing user, partner, and community engagement. As with any major project, development will unfold progressively rather than all at once.
Communication
The team is working tirelessly behind the scenes to improve the BullVerse ecosystem daily. Many individuals are involved, and significant resources have been invested in this project. Our commitment is unwavering, and we continue to expand our network by forming strategic partnerships, which are crucial for long-term growth. The vision is clear and we are enjoying the journey.
Teasers
Our primary focus has been on laying a strong foundation by creating a stable platform that incorporates both incentives and crypto utilities. Our main goal is to deliver a clear and practical use case that attracts the visibility BullVerse deserves. As a utility project, we view this as a key driver of our success: BullVerse should not just be about content, but also a hub where crypto enthusiasts can speculate, win, lose, be rewarded, and find their community. Something exciting is coming very soon..
Bullish times are ahead,
The BullVerse Team
BullPad
There have been numerous inquiries regarding BullPad, and we would like to address them. After careful consideration, the team has decided that launching BullPad at this time would not be beneficial. The market sentiment remains highly bearish, trading volumes across financial markets are low, and overall uncertainty persists. Furthermore, Pump.fun’s volume has decreased by 95% from its all-time high. All signs indicate that this is not the ideal time to release a launchpad. However, we remain fully committed to launching it when market conditions are more favorable.
BullPay
BullPay is currently in beta (available at bullpay.fun). As well-needed solution in the space, it is connected to a lot of upcoming features inisde the platform. BullPay will serve not only as a marketplace but also as a crypto payment gateway, like Stripe or PayPal for crypto transactions. We developed an API kit allowing our partners to get paid from their website or mobile app.
Activity Rewards & User Experience
We are still working on developing a sustainable, more gamified and automated solution for activity rewards. Once this is finalized, we will announce it, and automated payouts will resume.
The BullVerse Ecosystem
It’s important to note that BullVerse is a long-term project. We are continually enhancing user, partner, and community engagement. As with any major project, development will unfold progressively rather than all at once.
Communication
The team is working tirelessly behind the scenes to improve the BullVerse ecosystem daily. Many individuals are involved, and significant resources have been invested in this project. Our commitment is unwavering, and we continue to expand our network by forming strategic partnerships, which are crucial for long-term growth. The vision is clear and we are enjoying the journey.
Teasers
Our primary focus has been on laying a strong foundation by creating a stable platform that incorporates both incentives and crypto utilities. Our main goal is to deliver a clear and practical use case that attracts the visibility BullVerse deserves. As a utility project, we view this as a key driver of our success: BullVerse should not just be about content, but also a hub where crypto enthusiasts can speculate, win, lose, be rewarded, and find their community. Something exciting is coming very soon..
Bullish times are ahead,
The BullVerse Team
