Daily Memecoin Recap - October 29

$BTC near ATH. What happens next? 👀

Pump Fun On A Fridge
$fridge -> hit $9 .3m, the entire project is ran off a fridge at a local mall

Holy meta
$luce -> $42m to $82m (1.95x), Mascot Of The Holy Year
$buio -> hit $5 .2m, Mascot Of The Unholy Year
$hi -> hit $2m , holy inu, cat meme
#santino -> hit $2m , Luce's Dog
$sky -> hit $1 .3m, Luce's Friend
- $LUCE started a holy meta

High Volume
$catana -> hit $18 .7m, the cat has a sword
$guano -> hit $8m , $617k + in LP Rewards
$animal -> hit $5 .7m
$rlr -> hit $5 .5m, Rizzler, viral tiktoker
#dogenes -> hit $4 .5m, Greek $doge
$frank -> hit $4 .4m, back from the dead
$rp -> hit $3 .9m, red panda, ties to elonmusk
$dg -> hit $1 .5m

Election Meta
$DOGE -> hit $24 .6m to $70m (2.85x), Department Of Government Efficiency, on $eth
$47 -> $8m to $20m (2.5x), Trump will be the 47th president, team dumped, currently sitting at $2 .5m
$djt -> hit $4 .4m, realdonaldtrump, on $eth
$trump -> hit $2m , trumpwifhat, $trump + $wif
$DOGE -> hit $1 .7m on $SOL , beta to the one on $eth
#america -> hit $1m

Mascots
$shibu -> hit $11m , $doge 's mascot, very good community
$rex -> hit $2 .2m, Google Chrome Mascot
$btcwiz -> hit $1 .5m, $bitcoin wizard mascot
$eagle -> hit $772k , American Mascot

Fair Launch
$ff -> hit $5 .5m
- Fair launch a pumpdotfun coin
- Uses AI

Artificial Intelligence
#project89 -> $4m to $16 .5m (4.1x)
$yousim -> hit $19 .5m, based on plastic_labs product
$muradAI -> hit $1m , Murad AI

Genshin Impact
$gacha -> hit $2 .3m

More Cooks
$ban -> $9m to $36m (4x), comedian
#zerebro -> hit $3m
$skito -> hit $2 .2m
#nogambling -> hit $1 .6m, viral video
$imagine -> hit $1 .3m, just imagine
$gta -> hit $1m
$up -> hit $764k
$bid -> hit $640k , break it down, good meme
$mk -> hit $510k
$netcoin -> hit $426k , first bitcoin domain
$dgeen -> hit $215k

What's your top holding rn?

HIGHLIGHTS FROM SOLANA BREAKPOINT DAY TWO

Solana Breakpoint Day One set a rapid pace, with milestone announcements about Firedancer, key product updates from Jupiter, and trillion-dollar asset manager Franklin Templeton disclosing its intention to build a mutual fund on Solana.

Despite the high expectations following a blistering Day One, Day Two kept the momentum alive and delivered plenty of showstopping announcements.

COINBASE TO LAUNCH cbBTC ON SOLANA
Coinbase, one of the industry’s most popular centralized exchanges, announced its intention to deploy its wrapped version of Bitcoin on the Solana network. Since launching on Ethereum and Base just a few weeks earlier, cbBTC has quickly climbed the ranks to become the third-largest wrapped Bitcoin token in the market.

The move is expected to bring more of Bitcoin’s deep liquidity to Solana, where cbBTC can be integrated into various DeFi applications and increase capital efficiency on the network.

FIREDANCER LIVE ON MAINNET FOR NON-VOTE TRANSACTIONS
FireDancer may have stolen the show on Day One, but the Jump Crypto developers weren’t content to stop there. Firedancer’s Research and Development Architect, Phillip Taffet, and Production Engineer Anway De announced that the full Firedancer validator client was now live on the Solana mainnet for non-vote transactions.

But that wasn’t all that the Firedancer team had in store. A live demo also demonstrated the Frankendancer client executing 1.04M transactions per second.

MAGIC EDEN UNVEILS NEW FEATURES
Magic Eden, the blockchain industry’s largest NFT marketplace across all chains in terms of trading revenue, outlined some of its future plans.

Showcasing a more composable cross-chain ecosystem Magic Eden teased new features like the ability to swap fungible assets on one chain for non-fungible assets on a completely different network.

In a move that didn’t surprise anyone, Magic Eden also announced that its upcoming $ME token will be launched on Solana.

deBridge ANNOUNCES TGE
The deBridge ($DBR) token airdrop has been one of the most anticipated TGEs in recent months.

To thunderous applause from a captivated audience, deBridge co-founder Alex Smirnov announced that $DBR is scheduled to go live on the 17th of October.

Smirnov also used his time in the spotlight to share a wealth of new product features coming to the deBridge application, including gasless bridging and the integration of new chains live Bitcoin and Tron.

BONK ETP
One of Solana’s favorite memecoins, BONK made its presence known at Breakpoint. But beyond the BONK boxing ring, BONK core contributor Nom highlighted the prolific growth of the Bonk brand, which has secured impressive partnerships across the Web2 world, like its sponsorship of Borussia Dortmund.

Affirming BONK’s rise from memecoin, to cultural movement, to financial entity, Nom also announced the team’s intention to launch a BONK ETP. The move is believed to be a precursor to an eventual BONK ETF.

SANCTUM ANNOUNCES BIG UPDATES
Sanctum, the Solana DeFi powerhouse bringing greater flexibility to LST (Liquid Staking Tokens), announced several exciting updates.

First, Sanctum co-founder FP Lee introduced ‘Creator Coins’, a novel spin on LSTs that provides new tools for individuals, communities, and businesses to build, grow, and monetize their audiences.

Lee also announced the upcoming launch of a Sanctum card. Conceived in collaboration with BasedApp and Jupiter, the Cloud Card is expected to facilitate real-world payments using Solana-based crypto assets.

Finally, the Sanctum founder also shared that the platform’s polarizing incentives campaign, Wonderland, would be making its return soon with a second season of rewards.

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.

$1 .3 trillion asset manager Franklin Templeton plans to launch a Mutual Fund on Solana blockchain.

🚨 Franklin Templeton plans to launch a mutual fund on the Solana Blockchain.

As a reminder, the company manages more than $1 .3 trillion in assets for its clients

🚨 #BullPay New Listing Alert! 📈

$FFROG is now listed as a payment method on BullPay.

FrankenFrog is the first memecoin that grows and evolves with its community!

You can now use FFROG to pay for services, exclusive content, and digital products through BullPay.

Congratulations to the team and community over at
@FrankenFrog
!

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Partnership Announcement🤝

We’re thrilled to announce a partnership with FrankenFrog! Their account proudly wears the gold checkmark on BullVerse reserved for our partners.

$FFROG x $BULL

Follow FrankenFrog on BullVerse: @frankenfrog

🐸Official $FFROG Links🐸

• Website: https://frankenfrog.xyz
• TG: https://t.me/FrankenFrog
• Staking app: Coming Soon....
• CG: https://www.coingecko.com/...

CA: 9nJVEmiNFqLkueCGTsYtqAgx6v7wvckQEH5jzhBopump

🔺 Franklin Templeton extends his Blockchain Fund to Avalanche.

The Wall Street titan's Government Money Fund (FOBXX) is now available on the Avalanche network.

FOBXX is represented by the BENJI token, which is currently trading on Stellar, Polygon and Arbitrum.

"The addition of Benji to the Avalanche network further expands access to our first tokenized money market fund"

Says Roger Bayston, head of digital assets at Franklin Templeton.

https://www.theblock.co/po...

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

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

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

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

Daily Memecoin Recap - August 5

Market had a small bounce today

Too early to get excited, this could just be a relief pump, we need to see more follow through

Wrapped Meta
$wDOG -> hit $4 .34m, top holder was a whale (with $1 .5m+), "wrapped dog", meme referencing wrapped coins ( $wBTC , $wETH , $wSOL , etc. )
$wCAT -> hit $307k , beta to $wDOG
$wPEPE -> hit $157k , wrapped pepe

Slerf Team Confirms CTO rumours
$oodles -> $1 .7m to $12 .7m (7.47x)
- They've been teasing at a CTO ( $slerf team)
- People had been speculating that it would oodles
- Today they confirmed it
- Typical huge pump on the news, and major crash a couple minutes after (since there's nothing to look forward to anymore)
- Currently sitting at $3 .5m

Play On Letters
$btw -> $1 .2m to $6 .44m (5.36x), banana taped to a wall meme
$wsb -> hit $400k , "We're So Back", after market bounce today
$pac -> hit $280k , "Post Ape Clarity", funny meme

Dog Meta
$bane -> $894k to $8 .45m (9.45x), CTO, crashed from $4m last night down to $900k today & ran even higher to $8m +, pushed by influencers
$ares -> hit $500k , wolf meme
$png -> hit $250k , dog with a png background

More Cooks
$retardio -> $48m to $94 .5m (1.96x)
$helen -> $310k to $2 .85m (9.19x), CTO
$frank -> $141k to $943k (6.68x), CTO
$bunne -> $30k to $830k (27.6x), CTO
$walz -> $160k to $870k (5.4x), redacted GovTimWalz
, pumps as KamalaHarris
narrows down her VP choices
$mici -> hit $770k , $michi beta
$anon -> hit $340k , bunny meme

A lot of higher market cap coins have wicked and began to see some green

Would like to see continued push here to confirm this isn't a dead cat bounce

🚨 Franklin Templeton et SBI Holdings vont lancer un ETF #Bitcoin au Japon 🇯🇵

Crypto Community Smug About Global IT Outage, But Does Blockchain Actually Fix This?
A software bug invoked international hysteria when a bug in a Windows content update shut down banks, airlines, and emergency services.

Showcasing the world’s reliance on centralized systems, a global IT outage brought the world to its knees. Across the planet, major service providers like banks, supermarkets, and logistics companies found themselves unable to operate, causing significant disruption.

Eager to prove its relevance, the crypto community was quick to launch a tirade of smug comments. “Crypto fixes this” was heard across social media platforms, with crypto advocates championing blockchain as an obvious solution to singular points of failure.

But is that truly the case? While decentralization aims to eliminate centralized points of failure, would blockchain solutions actually have prevented this widespread technical meltdown?

What Happened?
The chaos began when CrowdStrike, a cybersecurity provider, pushed a defective single content update to Windows hosts. The bug affected millions of Microsoft Windows devices all over the world, causing infinite reboot loops and leaving users staring at Windows’ infamous BSoD (Blue Screen of Death).

Attempting to bring clarity to the situation CrowdStrike CEO George Kurtz, released a statement on 𝕏. Assuring affected users that “this is not a security incident or cyberhack”, the CEO claims that “the issue has been identified, isolated, and a fix has been deployed”.

While Kurtz has indicated that a fix has been deployed, Windows users globally report still being unable to access their devices.

Fortunately, savvy developers were on hand to remedy the situation and provide timely solutions.

Affected users can reboot their Windows devices in Safe Mode and delete the defective update file, or wait until CrowdStrike implemented resolution is distributed.

CRWD stock

In traditional markets, CrowdStrike stock (CRWD) suffered a crippling blow, down 8.82% in today’s trading, based on NASDAQ data. While this might seem insignificant when compared to crypto’s volatility, price movements of this scale are uncommon in traditional markets.

Does Crypto Really Fix This?
The crypto community wasted no time calling out the flaws of centralized systems and singular points of failure. Citing mass outages like today’s as evidence that decentralized systems are the future of infrastructure, crypto advocates were quick to leverage the event as an example of “Bitcoin fixes this”.

However, not all pockets of the crypto community were in agreement. Several blockchain developers and engineers highlighted that in this specific example, pushing bugged code to production would likely have the same effect to blockchain networks.

Despite the specifics and technicalities, the event serves as a powerful reminder of the flaws in centralized services and singular points of failure. Commentators remarked that society’s reliance on centralized companies and infrastructure providers doesn’t bode well for our future.

This belief reinforces the viability of DePin technology, which aims to distribute services across a variety of independent providers and establish more secure and reliable infrastructure. Frank Mathis, founder of GenesysGo, highlights the importance of conducting rigorous security checks before pushing software updates.

Cryptocurrency and blockchain technology may not have been a direct solution to this particular problem. However, global outages like the CrowdStrike defect help to promote discussion around the benefits of decentralization and distributed systems.

Franklin Templeton Digital Assets, the digital asset arm of global investment management organization Franklin Templeton with over $1 .5 trillion in assets under management, has publicly shown its interest in the Solana ecosystem with a focus on DePINs.

In a report, Franklin Templeton Digital Assets discusses world of DePINs on the Solana network, with emphasis on two projects: Hivemapper and Helium dealing with global mapping and telecommunication respectively.