Daily Memecoin Recap - November 24

Good volume, drama with pump fun livestreams

Science Meta
$dna -> hit $16 .8m
#roident -> hit $4 .8m, pumpdotscience mascot
$psmice -> hit $4 .3m, pumpdotscience mascot
$rna -> hit $3 .3m

Frog Memes
$terry -> hit $30m , unique
$fog -> hit $4 .8m, frog meme, simple yet good art

Artist Launch
$wain -> hit $9 .4m, amazing art
- ratwell0x is the artist

Elon Tweets
$would -> hit $26m , elonmusk
posted the meme
#ironyman -> hit $7m
$msnbc -> hit $3 .5m
$spqr -> hit $2 .9m
$mt -> hit $1 .4m, monk temptation
$x -> hit $600k
- Elon is the biggest KOL frfr
- Bro doesn't even know that there's coins worth 8 figs that spawn because of his tweets

TikTok/GenZ Memes
#mustard -> hit $81m , Kendrick lamar yelling MUSTAAAARD, viral on tikttok
#daddychill -> hit $15m , famous video, picking up partly because of #chillguy
#rizzmas -> hit $8 .7m
$bro /eco -> hit $7 .3m
$nose -> hit $5 .6m, let me do it for you
#ketchup -> hit $2 .1m
$gnome -> hit $1 .7m

Artificial Intelligence
#overseer -> hit $15 .1m
$mind -> hit $9m

Solana Pet
$blob -> hit $22 .7m

First Human Being Created By God
$adam -> hit $1 .9m

More Cooks
$purpe -> hit $77m , purple $pepe , back from the dead
$hege -> hit $31m
#justice -> hit $24 .8m, justice for $pnut and $fred
$mtm -> hit $11m
#sootcase -> hit $9 .9m, Barron Trump meme
$pim -> hit $7 .9m
$mike -> hit $6m
$oiia -> hit $3 .3m, cat meme
#tontoba -> hit $3m
$bread -> hit $2m , literally just bread
$boggs -> hit $2m
$1 -> hit $1 .6m, just buy $1 worth of this coin
$jensen -> hit $1 .5m, #Nvidia CEO
$bling -> hit $960k
$moar -> hit $900k
$kaiju -> hit $800k
$meme /eco -> hit $600k , meme economy

Do you think pump fun should turn off livestreams?

Captain @KittenHaimer TOP 6 Crypto Security TIPS - How to NOT Send Your Portfolio To ZERO 🤬

Our official website does NOT require you to connect your wallet.

Stay Safe Soldiers!

The election outcome doesn't matter

Trump wins = We moon
Kamala wins = We still moon

Study market cycles

Society does not like happy men.

Society does not like happy men.

Hi guys! Sorry for the long absence of posts! Busy with other work! It's not just crypto! I'm collecting money for my mom's vision treatment! The operation costs $ 5,000! If anyone doesn't mind, give as much as you can! Wallet trc 20 TA8JpmKeFHukPW74oz27xYxiCUK7YJVbgJ
solana 2fLtLgwB5GCxYE2fzPnQzWS6xaZBqmRkTvdUEzoMjMt2 #Solana #certik #blockchainlife #wallet #heip #hospital

What's does a new week mean?

• Same person

• Same number of days

• Same vital routine

• Same number long-term goal

Plus...

▪️New days

▪️New short-term goals

▪️New plans to reach the long term goals

▪️New actions to be taken.

Let's get it this week!
Gm.

The AI x Crypto narrative is on a tear and
bittensor_
's $TAO token is leading the way 🚀

Here's why 👇

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

As one of the most prominent projects in this space, Bittensor is positioning itself as the project to watch.

At its core, Bittensor is pushing a new frontier: creating a decentralized network where AI models can be trained and shared in a way that aligns incentives for both developers and users.

As the subnet limit is progressively expanded — and eventually removed altogether — the potential for exponential growth within the Bittensor ecosystem becomes clear. More subnets mean more AI models, more collaboration, and more growth for the ecosystem.

Crucially, all this activity increases demand for TAO itself. Since TAO is required to acquire any subnet token, the introduction of dTAO could further fuel its demand, making Bittensor even more attractive to investors.

TAO’s Halving in 2025
Bittensor is approaching its first halving event, slated for late 2025. Much like Bitcoin’s halving cycles, this event will cut the rate at which new TAO tokens are emitted by half.

Currently, the Bittensor network emits 1 TAO as block rewards (7,200 TAO daily) which are distributed among miners, validators, subnet owners, and delegators. However, when the halving occurs (triggered when 10.5 million TAO are in circulation), this emission will be halved to 0.5 TAO per block, reducing the daily supply of new TAO entering the market.

Why does this matter? When the supply of TAO is cut, it introduces scarcity. In any market, reduced supply with steady or rising demand (thanks to increasing subnets and introduction of dTAO) can only lead in one direction: upward.

Now let’s take a look at the macro level things happening in the world of AI that are considered positive for AI x crypto projects like Bittensor.

Issues with OpenAI
OpenAI is at a crossroads. Recently, news broke that OpenAI is transitioning from a non-profit control to a for-profit benefit corporation. Following this restructuring, the company’s valuation has soared to over $150 billion and they’ve raised $6 .6 billion in fresh funding.

Additionally, there’s been recent departures of key executives, including Chief Technology Officer Mira Murati and two other senior executives, raising concerns about potential internal issues.

Nonetheless, there is a broad regulatory squeeze on AI from various jurisdictions worldwide. The fact that centralized AI is subject to regulatory control highlights a fundamental flaw: it's too easy to control.

When a few large companies hold the keys to centralized AI, they become prime targets for government pressure and censorship. This is where decentralized AI platforms, like Bittensor, have the advantage. They cannot be shut down or censored by any single entity, as no one entity controls it.

Closing Thoughts
There’s a lot going right for Bittensor, and the rising token price is just the cherry on top. With existing momentum, the upcoming updates mentioned above, potential EVM support, and ongoing community development – such as the rapid integration of NousResearch’s breakthrough in distributed training into Bittensor – these are all strong indicators of Bittensor’s promise.

In a world where centralized AI is increasingly regulated, censored, and driven by profit motives, Bittensor offers a compelling alternative: a decentralized, community-driven approach that thrives on collaboration, innovation, and shared incentives. And that’s why it’s worth keeping an eye on.

Analysis by arjunnchand✍️

Based Rollups

What are they, why do they exist, and which projects are already making waves?

A 101 explainer 👇

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

Scaling #Ethereum has been one of the most discussed challenges in crypto.

To address this, the community chose a rollup-centric approach. The idea is simple: Instead of hosting all applications on Ethereum, the focus is on rollups that offer faster, cheaper transactions while still settling back on Ethereum. As a result, you get faster, cheaper transactions, but still keep Ethereum’s security.

They're bringing more users and value to Ethereum, however, concerns remain about their reliance on centralized sequencers and liquidity fragmentation across chains.

This is where based rollups come in. They integrate more closely with Ethereum's infrastructure, helping retain value within the ecosystem. This new method of building rollups could bring additional value to Ethereum and $ETH .

What are Based rollups?
Based rollups, or L1-sequenced rollups, are a type of rollup where the base L1 chain, like Ethereum, manages transaction sequencing directly.

Unlike traditional rollups that rely on their own sequencers, based rollups tap into the security, liveness, and decentralization of the L1 by outsourcing transaction sequencing to the L1’s infrastructure. This infrastructure includes proposers, searchers, builders, and other actors who permissionlessly include based rollup blocks in L1 blocks.

How do Based rollups work?
Based rollups use the L1 for consensus, data availability, and settlement layers, while handling execution independently. For instance, when Ethereum is the base L1, the key layers of based rollups are as follows:

1. Execution Layer — Managed by the rollup itself, where transactions are executed off-chain.

2. Consensus Layer — Relies on Ethereum validators to sequence transactions.

3. Data Availability Layer — Uses Ethereum as the DA layer to ensure that transaction data is available for validation by anyone.

4. Settlement Layer — Also part of Ethereum, where final transaction states of the rollup are recorded.

Based rollups use Ethereum for everything from ordering transactions to settling them. While this approach may not seem radically different from traditional rollups, it fundamentally shifts how sequencing is handled. Instead of relying solely on separate sequencers, based rollups leverage Ethereum itself for transaction sequencing.

Why based rollups?
As Justin Drake outlined in his original post, based rollups are worth your attention for several reasons:

1. Inherited Liveness and Decentralization — One of the key advantages of based rollups is their ability to inherit the liveness guarantees of the base L1 chain. As long as the L1 is operational, so is the rollup.

2. Economic Alignment with L1 — The economic model of based rollups creates a mutually beneficial relationship with the L1. Priority fees and MEV from these rollups naturally flows to the L1. This synergy doesn’t just add value to the base layer, it also boosts the legitimacy and brand awareness of the rollups themselves, thanks to Ethereum’s community.

3. Cost Efficiency — Outsourcing sequencing to Ethereum reduces development costs, accelerates time to market, and lowers user costs (especially at scale) for based rollups.

However, based rollups have trade-offs. They sacrifice some profitability by relying on Ethereum for sequencing, missing out on priority fees and MEV. Additionally, they contend with Ethereum's inherent challenges, such as slow block times, which can cause latency issues.

There's a real debate that these changes might compromise the simplicity and security that initially made based rollups appealing.

How to build confidence to hold

We've all seen $1 ,000,000+ PNL screenshots

The truth is most traders would never hold long enough to reach that level

The secret isn't just about getting in early, it's about the ability to separate conviction from gamble

Ask yourself:
- Is volume excessively high?
- Is there consistent buy pressure on dips?
- Is the community forming a cult?
- Does it have a strong narrative?
- Are you seeing wallets constantly ape $10k +?
- Are you seeing it being pushed in multiple different groups?
- Is it all over your twitter feed?

If the answer is yes to all these questions, then treat this play with conviction. Hold your position until you see a major break of structure on the 1-4h timeframes

Conviction comes from recognizing momentum

Daily Memecoin Recap - October 1

New month, lock in

Art Meta
$mona -> hit $3 .34m, Mona Lisa, trend setter for the art meta
#moonalisa -> hit $210k , #moodeng + Mona Lisa
$jesus -> hit $175k , The Last Supper

Emoji Meta
$🐕 -> $2m to $7 .72m (3.86x), dog emoji
$🫂 -> hit $729k , "Solana Hugs", pushed by influencers

October Meta
#bulltober -> hit $1 .94m,
$tober -> hit $1m , a dog named Tober
$cock -> hit $167k , cocktober

Fwog Hits $100m
$fwog -> $48 .25m to $117m (2.42x from the low)
$pando -> hit $2 .81m, a panda with fwog type art

Shiba Inu Coin's Name
$esti -> hit $2 .49m, $shiba 's real name

Manyu Moons
$manyu $15 .3m to $34 .14m (2.23x), viral Chinese Shiba Inu
$manyuk -> hit $573k , claims that Man yuk is $manyu 's real name

Biscuits The Seal
#biscuits -> hit $4 .81m, based on a seal in a shelter
$tofino -> hit $252k , baby sea otter in the same shelter as #biscuits

Animal Memes
$pesto -> $7 .2m to $15 .8m (2.08x), Pesto the Baby King Penguin
$wsb -> $452k to $2 .3m (5.08x), world's smallest bunny
$clark -> $229k to $980k (4.28x), first $btc dog
$xiao -> hit $265k , based on viral Chinese dog Xiao Pang

Moonshot Launches
$luci -> $933k to $3 .14m (3.36x), $145k in LP Rewards, ATH at $8m
$doop -> hit $810k , $66k in LP Rewards
#catgull -> hit $258k , $7 .5k in LP Rewards

More Cooks
$winter -> $2 .15m to $6 .55m (3.05x), winter arc
$fic -> $1m to $3 .79m (3.79x), fish in condom
$quant -> $489k to $2 .37m (4.84x), user8687391766990, tiktok meme
$speero -> hit $869k
$ice -> hit $788k , developing a game
$pcgr -> hit $754k , Persian Cat Room Guardian, viral meme since a long time
$bog -> hit $445k
#bgta6 -> hit $314k , "Before GTA 6", meme about how GTA 6 is never coming out

As long as ww3 doesn't break out, the bull run still has many legs to go imo

The Meta doesn't lie. We are the biggest media project in the solana network.

YOU JEETS JUST DON'T SEEM TO SEE IT. #solanaconfusion #FeykNooz

🚨 Britain Gambling Commission pursues Sorare.

According to the British regulator, the web3 fantasy game is a gambling game and therefore operating without a license.

Sorare denies the charge of unlicensed gambling.

“You may have seen the statement made today by the UKGC. Please be assured that this does not change the way our site operates if you are a UK resident. We will continue to operate as normal and you will be able to continue to play as usual.

We of course strongly deny any allegations that Sorare does not comply with UK laws. We have created a new category of games, built an innovative product concept while using emerging technology.

The Commission is misinterpreting and misapplying the law in applying it to Sorare’s business. We are taking steps to ensure this is rectified and have instructed our UK lawyers to challenge the allegations currently being made by the Commission.

We have always maintained a proactive and constructive approach with regulators around the world, and we will continue to do so.”

Says Nicolas Julia, CEO of Sorare.

I see Levels on BullVerse, what does it mean ? @TopG

Daily Memecoin Recap - September 23

Maybe uptober isn't a myth after all

Wrapped Dog's Sister
$wPUP -> hit $681k , "wrapped puppy", sister of $wDOG (ATH $30m )

Moo Deng Farm
$moonhippo -> hit $103m
- This was getting shared around a lot
- Heavily bundled
- Actually flipped $moodeng for a bit
- Avoid coins like these, in most cases they're ticking time bombs

Good Volume Plays
$alpha -> $117k to $2 .39m (20.4x), "reject modernity", twitter community continues to go
$conan -> hit $10 .85m, based on realDonaldTrump's honorary dog
$anon -> hit $755k , "Anonymous Dog", good X community
$cmd.exe -> hit $567k , "CowboyMonkeyDuck.exe"

Dog Memes
$popdog -> $2 .35m to $10 .53m (4.48x), dog version of $popcat , new ATH
$doe -> $1 .15m to $3 .37m (2.93x), "Dogs of Elon, NFT collection
$anon -> hit $755k , "Anonymous Dog", decent volume, good X community
$aki -> hit $189k , dog meme, infinitely memeable

Successful Moonshot Launch
$333 -> hit $932k , good content
- Launched on moonshotdotcc

- $51k in LP Rewards

Mother Back To Life
$mother -> $32 .44m to $89m (2.74x)
- IGGYAZALEA's coin
- blknoiz06 continues to bull post

More Cooks
$ball -> $550k to $1 .7m (3.09x), "Ball Up Top", recently made a higher high, chart looks decent
$toto -> $220k to $725k , (3.29x) baby elephant meme
$worldfree -> hit $1m , "let freedom ring", interesting concept, not a meme
$rt -> hit $438k , "random thoughts"
$hoo -> hit $405k , cat with a hoodie meme, CTO
$bb -> hit $303k , "BigBack"
$pawnzi -> hit $253k , cute kitten, play on "ponzi scheme"

Crazy how fast things can change

Feels like just yesterday people were capitulating sol at $120

SOLANA BREAKPOINT: The Biggest Announcements From Day One
Hopes were high for some big announcements, but even the most devout Solana maxi wasn’t ready for this.

Over 5,700 Solana fans, users, and bulls descended on day one of Singapore Breakpoint. The biggest conference event in Solana history, Breakpoint delivered a wrath of key updates, with crucial developments announced from both native teams and institutional players.

If you weren’t at Breakpoint, here’s what you need to know:

FIREDANCER LIVE ON TESTNET
Solana users and investors alike were delighted to see Kevin Bowers, Jump Crypto’s Chief Science Officer take the stage to deliver one of the network’s most eagerly awaited updates.

Firedancer, the novel validator client promising to bring unparalleled levels of scalability, decentralization, and security to Solana, is now live on testnet.

But that’s just the tip of the iceberg. Bowers also took the opportunity to outline the development history of the client and its evolution from Frankendancer, an experimental synergy of existing software with Jump’s new codebase, to the optimized final Firedancer product.

To rounds of raucous applause from the Solana faithful, Bowers announced that the existing Frankendancer client is now live on the Solana mainnet.

FRANKLIN TEMPLETON BUILDING ON SOLANA
While existing SOL ETF applications find themselves unlikely to be approved in the short term, that doesn’t mean that TradFi giants aren’t eager to launch Solana-based products to their institutional clients.

Franklin Templeton, one of the world’s largest financial players boasting over $1 .3T in AUM (Assets Under Management) announced its intention to launch a mutual fund on the Solana blockchain.

CITIBANK EXPLORING SOLANA
Franklin Templeton, 21Shares, and VanEck aren’t the only Wall Street players with an eye on crypto’s most performant Layer-1.

Citibank, the fourth largest bank in the United States, shared that it was exploring Solana’s potential, suggesting that seamless money transfers and advanced smart contract composability present unique opportunities in the future.

JUPITER MAKES BIG MOVES
Traditional Finance may have dominated the headlines, but Solana-native DeFi teams also commanded their fair share of the spotlight.

Jupiter co-founder Siong presented an immense range of updates coming to Jupiter’s expansive ecosystem. Crucial announcements included a refreshed v2 perps platform, the reveal of the Ape Pro memecoin trading platform, further details surrounding the Jupiter mobile wallet, and Jupiter’s acquisition of the SolanaFM explorer.

SKY, FORMERLY MakerDAO, DEPLOYS ON SOLANA
MakerDAO, one of the crypto industry’s longest standing DeFi protocols, recently rebranded to SKY, migrating its iconic decentralized stablecoin from $DAI to $USDS . Building on top of the momentum achieved with the rebrand, SKY announced a proposal to leverage Wormhole’s cross-chain infrastructure to bridge $USDS to Solana.

Reinforcing SKY’s desire to be present on the Solana network, the protocol announced an rewards campaign to incentivise deeper liquidity on the network. According to SKY governance, the maximum distribution of weekly rewards is capped at 2M $SKY .

The move helps to bring greater stability to Solana DeFi by providing a more diversified range of stablecoin assets onchain.

Continuing the trend of Solana migration, the Huma Finance PayFi network also announced its intention to launch on the network.

Will rate cuts restart crypto's bull run? 🐂

Here's what could happen next 👇
========================================

In 2022, the Fed raised interest rates to tackle high inflation, which made borrowing more expensive and led to falling asset prices, resulting in a bear market. However, with lower interest rates, many expect monetary easing that could gently guide the global economy into a "Soft Landing."

If inflation doesn’t spike again and rate cuts help keep unemployment stable, central bankers could achieve something incredible—removing major economic uncertainties and delivering a level of global economic stability we haven’t seen in decades!

Although the Fed's latest economic projections seem to favor more future rate cuts, they also reflect how uncertain things are, with inflation forecasts being lowered, flat GDP estimates, and non-trivial upticks in unemployment expectations.

The greatest economic risk has shifted from higher inflation to falling employment, as shown by the decision to cut rates. Even though Federal Reserve members and other central bankers are confident they can manage these risks with further rate cuts, any continued economic decline could rapidly devolve into serious recession concerns.

Global bond yields that had been increasing since Tuesday dropped only slightly after the rate cuts were confirmed, suggesting the market had already factored this in with earlier moves downwards since July. While Bitcoin briefly jumped about 2% right after the rate cut news, markets started selling off soon after, erasing those gains before the day ended.

While the initial excitement around the rate cuts was clear, investors are now carefully watching how the economy reacts to these changes, with hopes pinned on a smooth transition but wary of potential bumps ahead.

Whether this will truly ignite the next crypto bull market or trigger deeper recession concerns remains to be seen as the balancing act between inflation, employment, and growth continues to unfold.

Analysis by JackInabinet

👌 How does the SEC treat airdrops?

Leading Republican lawmakers have said they want clear answers on how the U.S. Securities and Exchange Commission (SEC) treats token drops in the cryptocurrency industry.

✍️ “By prohibiting Americans from participating in cryptocurrency giveaways, the SEC is preventing cryptocurrency users from taking full advantage of blockchain technology,” Emmer and McGenry wrote.

🇧🇹 The Kingdom of Bhutan owns 13,029 Bitcoin, worth over $750 million.

Unlike most governments, Bhutan's BTC does not come from asset seizures by law enforcement, but from Bitcoin mining operations run by the Kingdom of Bhutan's investment arm, Druk Holdings.

Meta Will Use Public Data From Adults In The Uk For Artificial Intelligence Training

Meta will start using publicly shared content from adult users in the UK on Facebook and Instagram to train its artificial intelligence models. The company will assess publicly available information, such as posts, comments, photos, and descriptions, from users on both platforms.

Meta emphasized that its AI is designed to reflect diverse global communities and plans to expand its AI initiatives to more countries and languages later this year. The company clarified that it does not use data from accounts of individuals under 18 in the UK.

In July, Meta halted AI assistant deployments in the EU following an order from the Irish Data Protection Commission (DPC) due to data privacy concerns. Meta claims it uses Facebook and Instagram user data with their consent and offers an option to opt out.

UK-based adults on Facebook and Instagram will receive in-app notifications detailing Meta's data usage practices and offering an option to object to the use of their data for AI training. Meta stated that it will accept all existing and new objection forms.

The DPC, responsible for enforcing the General Data Protection Regulation (GDPR), is intensifying its oversight. On September 12, it launched a cross-border investigation into Google Ireland Limited to determine if it complies with EU data protection laws in developing its AI models.

The investigation will focus on the use of EU citizens' personal data in training Google’s advanced language model, Pathways Language Model 2 (PaLM2), introduced on May 10, 2023.

The DPC also investigated the social media platform X and concluded the investigation after X agreed to meet the necessary compliance standards. On September 4, X agreed to stop using personal data of EU and European Economic Area (EEA) users to train its AI chatbot, Grok.

🚨 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 ⏳

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

Not only does the $MIM community get paid to raid via MagicRaidMoney, but we’ve made it easier and faster than ever! More magic being created straight from the Magic Internet Money community! 🧙🏻‍♂️🪄⚡

Marinade Finance, one of Solana’s original staking providers, has found itself in hot water with validator operators.

Validators argue that Marinade’s new Stake Auction Marketplace (SAM) harms the staking landscape, allowing malicious actors to thrive at the expense of honest validators.

Beyond losing stake in the network, chagrined validators suggest that, left unchecked, the SAM model is a threat to decentralization and Solana’s scalability moving forward.

Marinade has dismissed these accusations. Countering claims of apathetic negligence, Marinade argues those who criticize the new system do so out of spite.

Is this a case of willful blindness, or are validators looking for a scapegoat to blame for their own shortcomings?

WHY ARE VALIDATORS UPSET?
Once heralded as a powerful new model that would push staking APY to new heights, the SAM has drawn scorn and skepticism from certain validators. Marinade’s SAM enables validators to bid on network stake, with winners securing stake and passing on elevated rewards to delegators.

To win auctions, validators competitively bid on network stake. However, surging demand for stake has driven validators to bid at potentially unsustainable levels. In previous epochs, winning validators needed to yield over 10% APY to win auctions, a rate considered impossible to achieve through native staking alone.

This has led certain operators to speculate on how these validators can afford such high bids. Suggesting that such yield can only be achieved through malicious activities, like sandwich attacks, private mempools, and off-chain deals, some validators argue that Marinade is turning a blind eye to dishonest validators.

Distressed validators have created analytics dashboards to express their frustrations and support their claims. Hanabi’s ‘Marinade Stake Selling’ dashboard highlights that a number of validators flagged for malicious activity have won stake through the SAM.

Responding to accusations levied by third-party dashboard creators, Marinade CEO Michael Repetny argues “Hanabi lacks any methodology, they only copy labels from other Stakewiz dashboard to call it a day.”

Adding further context to the claims of disgruntled operators, Repetny affirms “Hanabi lost 1M SOL from Marinade so it’s understandable he fights the new system.”

Concerned validators have taken to Marinade’s Discord server to air their grievances. Operators have claimed that, through the SAM, over 2.7M SOL has been staked to questionable validators, including sybils and sandwiches. Disgruntled operators even suggested “Marinade wants you to have side deals, ethical or not.”

Additionally, validators have argued that if “most of the mSOL pool is delegated to unethical validators it’s a really bad look for the Solana ecosystem.”

In an exclusive statement with SolanaFloor, Max Kaplan, Head of Engineering at Edgevana, credits Marinade for trying something inventive that “had never been done before”.

However, Kaplan admits that Marinade “went full capitalist… basically, the highest bidder wins. Marinade doesn’t really care if a validator bids for stake and is just gonna lose money on that stake, that’s not their problem… They’re happy to take the money and give that to mSOL holders.”

Experts argue that in current conditions, staking yield over 10% simply isn’t sustainable. Kaplan contends “10% APY is higher than the native staking yield that is paid out on chain. The money has to come from somewhere.”

Without making any accusations, Kaplan theorizes that additional yield could potentially come from a validator’s own “marketing/growth budget” or other sources like “SWQoS / private mempool deals”.

Responding to any accusations, Repetny reinforces Marinade's stance that “SAM provides the best yield on the market for delegators. It is not an active policy maker or opinionated strategy to tweak the network.”

PengyOS does it again!🐧

We've integrated Pepecoin webOS into our platform, bringing one of the most recognizable memes to PengyOS Mobile.💎

Builders should support each other—now you can access it on the go.✨

@ pepecoins
, let’s be frens and do a cross-chain collab!😎

BTC, the local setup is broken. As I wrote earlier in the posts, nevertheless, the main setup that Bitcoin is currently following is a medium-term setup inside the pattern of which Bitcoin is now located, see the graph (the blue lines above and below are the boundaries of the pattern), the words of the US Federal Reserve's Powell did not last long for the market that rates would be lowered. The market needs real action. The first of which will be in the next week of September.

the input to the exchanges exceeds the output -
13%, 2000 btc

Altcoins, everything is within the norm, as I wrote earlier in the posts above. This scenario was calculated. There is no endless correction, just as there is no endless growth. September will be important and it is more likely that the reversal will begin next month (it will begin, this does not mean that in one day or hour the coins will reach their historical peaks)

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

Tokenized US Treasury Bonds Surpass $2 Billion!

Does this sentence (and its implications) seem incomprehensible to you?

Let's break it down together

1. US Treasury bonds

These are securities issued by the American government, purchasable by anyone on traditional financial markets.

You are literally lending money to the US government and in return for this nice gesture, you are promised a return (currently 3.8 %)

Treasury bills are simply acknowledgements of debt.

The US government is indebted to you (congratulations, you have a superpower in your pocket!)

2. “tokenized”

Literally: injected into a blockchain

Treasury bonds are transformed from a "virtual electronic" state (information on the hard drive of the Fed or a central bank) to a "cryptographic" state by being transposed in the form of digital assets (i.e. tokens) on a blockchain network.

We are talking about "tokenization of financial assets"

3. What for?

Let's simplify:

- Cheaper, lower costs for the issuer (government) and the holder
- Fewer intermediaries (savings on this side too)
- Excellent liquidity
- Unlimited fragmentation potential (a treasury bond is sold at least in tranches of $100 , with tokenization it is possible to divide this threshold by 10, 100, 10,000 to make the asset accessible to a wider audience)
- Transparent
- Ultra secure
- Auditable
- ...

To put it simply, there is SO much upside to using blockchain for financial assets that there is NO scenario where this technological approach will not prevail in the coming decade.

These 2 billion are therefore a very timid incursion into a market of 27,000 billion dollars just for US Treasury Bonds (and this without even counting other asset categories, such as indexes, shares, financial real estate, etc.)

In short and in conclusion, the tokenization of global financial assets and "The (real) next big thing" for blockchain and crypto

While you don't believe that the bull will hit NFT, let's figure out when it will happen 🤔

It has already happened. Why don't you understand where the liquidity has stagnated in the market, and what trend will conquer the market next?

Where is the next rocket? New SocialFi, shields in another chain? Which one? NEAR? CARDANO? While you are looking for new gems, liquidity is quietly flowing into already familiar channels, and the NFT market has already given it a local zazu 👋

It's even funny that the projects that were raped by sybils during the retro fever, holders of cult NFTs on the air were given more awards than their "faithful" adherents. But does this mean that the NFT sector will explode on this bull? Yes and no.

Last season's NFT bull run had just a few vessels to accumulate liquidity in - the CryptoPunks and Bored Ape Yacht Club collections. Then demand cut off supply, leading to incredibly high price expectations and hopes, and liquidity leaked into other random ETH collections and other chains. Boom, the bubble burst, something that can never be repeated.

We now have many chains with NFTs, liquidity and attention are spread out, and there is no single major trend in a select few NFT collections. But NFTs are here to stay, and they continue to grow as a category. And locally, that will never stop.

Daily Memecoin Recap - August 23

Crypto is pumping

$btc closes +6% today
$eth & $sol follow at +5% and +7% respectively

Runners Of The Day
$ptc -> $880k to $2 .7m (3.06x), 70% of supply burnt, paper drawings of $btc
$ufo -> hit $2 .4m, decent team, heavily sniped on launch
$sym -> hit $1 .65m, "the most symmetrical dog on Solana",
$nibo -> hit $1 .2m, large buys on launch, decent team, dog meme
$susdog -> hit $950k , based on a viral suspicious dog meme

Smoking Chicken Fish Gains Volume
$scf -> $19m to $83m (4.4x from the low), reversal, banger video drop, team is heavily dedicated
$sed -> $500k to $1 .95m (3.9x), beta to $scf , has been slow cooking since its launch on August 20th, heavy push today following $sc

Fwog Making Higher Highs
$fwog -> $10m to $28m (2.8x),
- Community continues to get stronger
- Some of the best art in the space
- Great background story (dev rugged -> artist/community relaunch)

Utility Play
$chat -> $5m to $18m (3.6x from the low), ATH $174m , shilled by MarioNawfal

Other Cooks
$ong -> $400k to $1 .94m (4.85x), "On God", gen z/tiktok meta, was dead but slowly reviving, ATH is $25m
$afc -> hit $440k , "Airforce Chicken"
$bb -> hit $435k , "Bubble Buddies", based on a spongebob character, twitter community instead of a twitter account
$belief -> hit $375k , influencer coin, dog meme
$mow -> hit $310k , "Monkey On Watermelon"
$kak -> hit $278k , "Kakling Kamala", based on KamalaHarris' laugh, launched on dexscreener's moonshot
$ascend -> hit $240k , cat meme, CTO

The market has been absolutely dead lately, but if majors continue to pump, volume will start to pick up

It's important to consider that September is historically one of the worst months for the market (S&P500)

This doesn't necessarily mean that history will repeat itself, but it is interesting data nonetheless

Lock in 🔒

Memcoin madness on TRON. What I understood in 5 days of intensive research 🤨 You haven't missed anything yet. They are trumpeting about TRON from all the cracks, but we only get it in + / SUNDOG breaks through another ATH (already 270M). Commission fees on Tron are already limited by fees on pumpfan, so it doesn't pass by: ⚡️ Dry Alpha - Prime time for trading 2:00 - 10:00 UTC ;
Why? Because at this time China begins to become active. The Tron is a Chinese palace after all.

There are also rackets during the day (and they can also be deceived by various schemes), but if you study millionaires like SUNWUKONG, today's TROGE, etc., you will notice that they were launched in the morning.

— As blue shields are branded by BASE, so the throne loves the color red, so the bulk of the shooting tokens are copies of already known memes, repainted in red.
Why? For the same reasons that determine prime time - China shows music.

— The throne shields are very volatile. -50% on the throne feels like -10% on corned beef. To put it simply: you liked the shield - wait until it is rolled into -90%