2 days ago
Daily Memecoin Recap - September 15
Volume is picking up, today was very decent
SCF Lead Gone Rogue
$scf -> hit $2 .67m, new one
$scf -> $37m to $24 .4m (-34%), OG
- SCF's CTO lead feels betrayed by the team
- He decided to launch his own $scf on moonshot
- He claims he will airdrop all OG $scf holders
- $132k + in LP Rewards
- Read through his tweets for more info: PastorKelby
DeGods Launches A Coin
$degod -> hit $326m , hit a low of $52m , now sitting at $92m
- Heavily sniped on launch
- Degods is simplifying their entire ecosystem into a single asset
Iggy Azalea Come Back
$mother -> $32 .5m to $62 .11m (1.91x), whales have been loading up,
Moonshot Launches
$shawk -> hit $3 .35m, hyped launch, $72k + in LP Rewards
$rollie -> hit $438k , $8k in LP Rewards
Moo Deng Wants More
$moodeng -> $1 .54m to $4 .98m (3.23x), viral hippo
Cat Memes
$tole -> $10k to $615k (61.5x), cat meme launched on July 17, CTO started today
$fade -> $183k to $726k (3.96x), "Don't Fade me"
$yumi -> hit $155k , cat meme
More Cooks
$abcde -> $1 .98m to $3 .72m (1.87x), pushing for ATH
$wog -> $285k to $1 .11m (3.89x), $fwog + dog
$ball -> $70k to $615k (8.78x), "Ball Up Top", viral meme
$immortal -> hit $468k , r
Thoughts on the SCF situation? Hope some of you cooked on the new one 🤝
Volume is picking up, today was very decent
SCF Lead Gone Rogue
$scf -> hit $2 .67m, new one
$scf -> $37m to $24 .4m (-34%), OG
- SCF's CTO lead feels betrayed by the team
- He decided to launch his own $scf on moonshot
- He claims he will airdrop all OG $scf holders
- $132k + in LP Rewards
- Read through his tweets for more info: PastorKelby
DeGods Launches A Coin
$degod -> hit $326m , hit a low of $52m , now sitting at $92m
- Heavily sniped on launch
- Degods is simplifying their entire ecosystem into a single asset
Iggy Azalea Come Back
$mother -> $32 .5m to $62 .11m (1.91x), whales have been loading up,
Moonshot Launches
$shawk -> hit $3 .35m, hyped launch, $72k + in LP Rewards
$rollie -> hit $438k , $8k in LP Rewards
Moo Deng Wants More
$moodeng -> $1 .54m to $4 .98m (3.23x), viral hippo
Cat Memes
$tole -> $10k to $615k (61.5x), cat meme launched on July 17, CTO started today
$fade -> $183k to $726k (3.96x), "Don't Fade me"
$yumi -> hit $155k , cat meme
More Cooks
$abcde -> $1 .98m to $3 .72m (1.87x), pushing for ATH
$wog -> $285k to $1 .11m (3.89x), $fwog + dog
$ball -> $70k to $615k (8.78x), "Ball Up Top", viral meme
$immortal -> hit $468k , r
Thoughts on the SCF situation? Hope some of you cooked on the new one 🤝
3 days ago
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.
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.
5 days ago
Based on the success of the No rugs Trending Entries on Solana, I will be creating shortly a No rugs for Tron.
It will be based on the token info updates because new trending entries on Tron are still incredibly rare. I will also be giving data on the token performance.
It will be based on the token info updates because new trending entries on Tron are still incredibly rare. I will also be giving data on the token performance.
13 days ago
Message to the Bullverse team
It's good that there are partnerships, but I don't think they help the project because they don't necessarily bring content (apart from certain projects, of course). You've got a great project, but I think it needs more marketing or a willingness to spread the word.
There's very little communication about X. There were a few nice memes, then not much.
Do you have a plan? If yes, the community would like to know what's going on.
You show the bullpad visual and then nothing. The same goes for bullpay.
We'd like to see a well-defined white paper, and information on progress with beautiful visuals, which would also help whet people's appetite on x
But that's just my opinion, what do you all think?
It's good that there are partnerships, but I don't think they help the project because they don't necessarily bring content (apart from certain projects, of course). You've got a great project, but I think it needs more marketing or a willingness to spread the word.
There's very little communication about X. There were a few nice memes, then not much.
Do you have a plan? If yes, the community would like to know what's going on.
You show the bullpad visual and then nothing. The same goes for bullpay.
We'd like to see a well-defined white paper, and information on progress with beautiful visuals, which would also help whet people's appetite on x
But that's just my opinion, what do you all think?
13 days ago
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.
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.
15 days ago
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.”
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.”
19 days ago
The Jito Foundation just launched a bug bounty program where you can discover bugs and vulnerabilities in there system and earn rewards of up to $250 ,000. Your help will ensure a safer and more secure experience for everyone.
Learn more and get involved:
https://immunefi.com/bug-b.../
Learn more and get involved:
https://immunefi.com/bug-b.../
Jito Bug Bounties | Immunefi | Immunefi
Find bugs and vulnerabilities on Jito and get paid up to $250,000.
https://immunefi.com/bug-bounty/jito-foundation/information/
21 days ago
Daily Memecoin Recap - August 27
Volume was slow today with $btc & $sol decreasing
Cat Meta
$smh -> $1 .15m to $3m (2.6x), "So Much Higher"
$sicko -> $200k to $1 .35m (6.75x), heavily pushed today
$mood -> hit $520k , twitter community instead of an account
Dog Meta
$spikedog -> hit $625k , "4chan dog", good meme
$updog -> hit $335k , $bane CTO lead (ATH $7m ), CTO
Tron Memes
$biao -> $3m to $6 .5m (2.2x), famous Chinese meme
$elmo -> hit $8m , heavily pushed by KOLs, based on elmo
$vangogh -> hit $4 .1m, based on a justinsuntron tweet
More Cooks On $sol
$deebo -> $230k to $1 .55m (6.7x)
$money -> hit $580k , "Just give me my money"
$that -> hit $530k , "tinfoil hat",
$sym -> hit $390k , "Symphony", CTO
$mp3 -> hit $350k , "mood: Printing Trillions", twitter community instead of an account
Traditional markets are historically low volume during summer -> Crypto majors follow -> Memecoins follow
Looking for a push sometime into end of year, for now patience is key, focus on quality over quantity
Volume was slow today with $btc & $sol decreasing
Cat Meta
$smh -> $1 .15m to $3m (2.6x), "So Much Higher"
$sicko -> $200k to $1 .35m (6.75x), heavily pushed today
$mood -> hit $520k , twitter community instead of an account
Dog Meta
$spikedog -> hit $625k , "4chan dog", good meme
$updog -> hit $335k , $bane CTO lead (ATH $7m ), CTO
Tron Memes
$biao -> $3m to $6 .5m (2.2x), famous Chinese meme
$elmo -> hit $8m , heavily pushed by KOLs, based on elmo
$vangogh -> hit $4 .1m, based on a justinsuntron tweet
More Cooks On $sol
$deebo -> $230k to $1 .55m (6.7x)
$money -> hit $580k , "Just give me my money"
$that -> hit $530k , "tinfoil hat",
$sym -> hit $390k , "Symphony", CTO
$mp3 -> hit $350k , "mood: Printing Trillions", twitter community instead of an account
Traditional markets are historically low volume during summer -> Crypto majors follow -> Memecoins follow
Looking for a push sometime into end of year, for now patience is key, focus on quality over quantity
22 days ago
🇦🇪 The United Arab Emirates is asking the French government to urgently provide Telegram CEO Pavel Durov with "all consular services".
Consular services are a series of services offered by diplomatic representations, intended to support and protect interests abroad.
This ranges from assistance in the event of detention, police custody or administrative detention, assistance in choosing a lawyer, provision of information on legal proceedings abroad, etc.
“Caring for citizens, preserving their interests and providing them with all necessary support are top priorities for the UAE.”
Durov, an entrepreneur of Russian origin, is an Emirati citizen
https://decrypt.co/246533/...
Consular services are a series of services offered by diplomatic representations, intended to support and protect interests abroad.
This ranges from assistance in the event of detention, police custody or administrative detention, assistance in choosing a lawyer, provision of information on legal proceedings abroad, etc.
“Caring for citizens, preserving their interests and providing them with all necessary support are top priorities for the UAE.”
Durov, an entrepreneur of Russian origin, is an Emirati citizen
https://decrypt.co/246533/...
UAE Monitors Arrest of Telegram CEO Durov as French Detention Sparks Global Outrage - Decrypt
The UAE’s Ministry of Foreign Affairs has requested the French government to urgently provide Telegram's CEO with consular services.
https://decrypt.co/246533/uae-monitors-arrest-of-telegram-ceo-durov-as-french-detention-sparks-global-outrage
22 days ago
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
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
22 days ago
🇫🇷 Emmanuel Macron reacts to the arrest of Telegram CEO Pavel Durov.
He rejects any political motivation.
"I saw false information about France after the arrest of Pavel Durov."
"France is deeply attached to freedom of expression and communication, to innovation and to the spirit of enterprise. It will remain so."
"It is up to the judiciary, in complete independence, to enforce the law."
"The arrest of the Telegram president on French soil took place as part of an ongoing judicial investigation. This is in no way a political decision."
He rejects any political motivation.
"I saw false information about France after the arrest of Pavel Durov."
"France is deeply attached to freedom of expression and communication, to innovation and to the spirit of enterprise. It will remain so."
"It is up to the judiciary, in complete independence, to enforce the law."
"The arrest of the Telegram president on French soil took place as part of an ongoing judicial investigation. This is in no way a political decision."
26 days ago
🗞️ Where do people go to look for information about cryptocurrencies?
A survey by coingecko reveals that most members of the crypto community go to social media instead of news sites.
🥇 X
🥈 Youtube
🥉 Telegram
The first 3 represent 73.8%
A survey by coingecko reveals that most members of the crypto community go to social media instead of news sites.
🥇 X
🥈 Youtube
🥉 Telegram
The first 3 represent 73.8%
29 days ago
⚠️ This week we have one of the MOST IMPORTANT FED events 🇺🇸 that will affect the price of #Bitcoin ‼️👀
Save this calendar to stay alert 👇
WEDNESDAY
- 20:00 CET: Publication of the minutes of #FOMC
THURSDAY
- 14:30: Weekly unemployment claims
- 15:45: S&P Manufacturing and Services PMI Indices
- 16:00: Start of the Jackson Hole Symposium (all day)
FRIDAY
- 16:00: Jerome Powell press conference at Jackson Hole
SATURDAY
- 16:00: Jackson Hole Symposium (all day)
🚨 The Jackson Hole event is going to be very important, many central banks and economic institutions are going to debate the current situation, and above all the most interesting thing will be on Friday with Jerome Powell
As always, I will keep you informed in real time about all this.
Save this calendar to stay alert 👇
WEDNESDAY
- 20:00 CET: Publication of the minutes of #FOMC
THURSDAY
- 14:30: Weekly unemployment claims
- 15:45: S&P Manufacturing and Services PMI Indices
- 16:00: Start of the Jackson Hole Symposium (all day)
FRIDAY
- 16:00: Jerome Powell press conference at Jackson Hole
SATURDAY
- 16:00: Jackson Hole Symposium (all day)
🚨 The Jackson Hole event is going to be very important, many central banks and economic institutions are going to debate the current situation, and above all the most interesting thing will be on Friday with Jerome Powell
As always, I will keep you informed in real time about all this.
30 days ago
Daily Memecoin Recap - August 18
Did you print or did you touch grass today?
Blinks Launch
$bgg1 -> hit $6 .9m blinks_gg
- Utility project
Davinci Community Coin
$early -> $115k to $2 .2m (19x), 20% of supply sent to Davincij15
Reddit Dog Pushes Over $10m
$snoofi -> $2m to $11 .5m (5.75x), $r /snoofi, community is on reddit, original idea
$limmy -> $50k to $450k (9x), $r /limmy, reddit cat
$reddit -> hit $900k
$mcdog -> hit $630k , "minecraft dog", dev made a minecraft server for the coin
$r /ape -> hit $445k , "reddit ape", CTO
Dog Meta
$ken -> $90k to $1 .95m (21x), $doge 's owner's first dog, KOLs leaked info
$joey -> hit $525k , dog meme, interesting people involved
$yuko -> hit $500k , shiba inu, CTO
More Cooks
$bub -> $2 .3m to $30m (13x from the low), good CTO team, viral cat meme
$taddy -> $600k to $3 .3m (5.5x), "Daddy Trump",
cobratate's $daddy + Trump
$phat -> hit $2 .1m, "party hat", RuneScape
meme, 73.5% of supply burned
$4chan -> hit $800k , "FSJAL"
$roastie -> hit $310k
Volume is going to pick up tomorrow as the weekend comes to an end
Really liking this reddit meta, brings some freshness to the market
Did you print or did you touch grass today?
Blinks Launch
$bgg1 -> hit $6 .9m blinks_gg
- Utility project
Davinci Community Coin
$early -> $115k to $2 .2m (19x), 20% of supply sent to Davincij15
Reddit Dog Pushes Over $10m
$snoofi -> $2m to $11 .5m (5.75x), $r /snoofi, community is on reddit, original idea
$limmy -> $50k to $450k (9x), $r /limmy, reddit cat
$reddit -> hit $900k
$mcdog -> hit $630k , "minecraft dog", dev made a minecraft server for the coin
$r /ape -> hit $445k , "reddit ape", CTO
Dog Meta
$ken -> $90k to $1 .95m (21x), $doge 's owner's first dog, KOLs leaked info
$joey -> hit $525k , dog meme, interesting people involved
$yuko -> hit $500k , shiba inu, CTO
More Cooks
$bub -> $2 .3m to $30m (13x from the low), good CTO team, viral cat meme
$taddy -> $600k to $3 .3m (5.5x), "Daddy Trump",
cobratate's $daddy + Trump
$phat -> hit $2 .1m, "party hat", RuneScape
meme, 73.5% of supply burned
$4chan -> hit $800k , "FSJAL"
$roastie -> hit $310k
Volume is going to pick up tomorrow as the weekend comes to an end
Really liking this reddit meta, brings some freshness to the market
1 month ago
🇩🇪 A few weeks after the German government sold 50,000 #Bitcoin , its Federal Office for Information Security published a message on LinkedIn, advising citizens to store their BTC in a hardware wallet...
1 month ago
Holding an open discussion on 𝕏, BitGo’s Mike Belshe joined Justin Sun and original WBTC contributor Meow to address concerns about WBTC custody changes.
Earlier this week, BitGo announced changes to WBTC’s existing custody model that included distributing influence across several parties and geographic jurisdictions.
The move drew a wrath of criticism from the cryptocurrency community, notably due to the involvement of Tron founder Justin Sun.
Seeking to clear the air, Jupiter co-founder and original WBTC contributor Meow welcomed BitGO CEO Mike Belshe, Justin Sun, and BitGlobal representatives to a public forum to shed some light on the situation.
MIKE BELSHE PUTS BTC USAGE CONCERNS TO REST
One of the key concerns outlined by the crypto community following BitGo’s original announcement was what the Bitcoin used to back WBTC would be used for. Acting as a voice for the crypto community at large, Meow posed the question of BTC utilization to BitGo CEO Mike Belshe.
Assuring over 5,000 captivated listeners, Belshe put their nervous minds to rest, highlighting that “when you put [Bitcoin] inside of a trust company you’ve got it wrapped in a mechanism which has got a fiduciary responsibility in a very legal way.”
Reinforcing his statement with additional context, Belshe acknowledged that people’s “number one question” was that “the bitcoin behind [WBTC] is not gonna get hypothecated, rehypothecated, lent out, used, taken, put somewhere else.”
Highlighting the legal constraints of BitGo’s position, Belshe assured listeners “The regulatory construct that we have makes it so that it’s actually illegal to do that.”
A TRANSFER OF TRUST?
Part of the BitGo X GitGlobal collaboration means that multi-signature keys with access to custodied assets will be distributed across several companies. While on paper this aids in decentralization and security, Meow and the community raised concerns regarding the involvement of BitGlobal, a relatively new and unknown entity in the space.
By transfering ownership of keys, Meow theorized that the “transfer of trust will take a long time” arguing it could be “quite a hard pill for the community to swallow”.
Responding to Meow’s claims, Belshe asserted “BitGo is not asking you to take the same trust that you had in BitGo and just give it to somebody else.”
Hammering his point home, Belshe contended that decentralization remains one of the strongest security measures available. Posing the rhetoric, Belshe asked “Is it more secure to have the two parties, or is it more secure to have BitGo hold two keys?”
THE JUSTIN SUN FACTOR
The announcement of Justin Sun’s involvement in the arrangement has been one of the collaboration’s biggest items of contention. Some long-standing crypto protocols like MakerDAO have argued that Justin Sun’s involvement adds an “unacceptable level of risk” to WBTC, proposing to reduce their WBTC exposure to 0.
Justin Sun’s commentary during the forum was admittedly brief. Downplaying his role and involvement, the controversial figure noted “the protocol, how to mint, how to burn and also the transparency and all the procedures remain the same.”
Adding further clarity, Sun contended “other than some of the keys being moved out of the U.S., I don’t really think there is much difference.”
Beyond assuring listeners that nothing had changed, Sun revealed his vision for the future of WBTC. Positing that “not everything we do is purely to make money” Sun believes the team should focus on expanding WBTC market cap, TVL, and helping the asset establish a presence of more blockchains.
Earlier this week, BitGo announced changes to WBTC’s existing custody model that included distributing influence across several parties and geographic jurisdictions.
The move drew a wrath of criticism from the cryptocurrency community, notably due to the involvement of Tron founder Justin Sun.
Seeking to clear the air, Jupiter co-founder and original WBTC contributor Meow welcomed BitGO CEO Mike Belshe, Justin Sun, and BitGlobal representatives to a public forum to shed some light on the situation.
MIKE BELSHE PUTS BTC USAGE CONCERNS TO REST
One of the key concerns outlined by the crypto community following BitGo’s original announcement was what the Bitcoin used to back WBTC would be used for. Acting as a voice for the crypto community at large, Meow posed the question of BTC utilization to BitGo CEO Mike Belshe.
Assuring over 5,000 captivated listeners, Belshe put their nervous minds to rest, highlighting that “when you put [Bitcoin] inside of a trust company you’ve got it wrapped in a mechanism which has got a fiduciary responsibility in a very legal way.”
Reinforcing his statement with additional context, Belshe acknowledged that people’s “number one question” was that “the bitcoin behind [WBTC] is not gonna get hypothecated, rehypothecated, lent out, used, taken, put somewhere else.”
Highlighting the legal constraints of BitGo’s position, Belshe assured listeners “The regulatory construct that we have makes it so that it’s actually illegal to do that.”
A TRANSFER OF TRUST?
Part of the BitGo X GitGlobal collaboration means that multi-signature keys with access to custodied assets will be distributed across several companies. While on paper this aids in decentralization and security, Meow and the community raised concerns regarding the involvement of BitGlobal, a relatively new and unknown entity in the space.
By transfering ownership of keys, Meow theorized that the “transfer of trust will take a long time” arguing it could be “quite a hard pill for the community to swallow”.
Responding to Meow’s claims, Belshe asserted “BitGo is not asking you to take the same trust that you had in BitGo and just give it to somebody else.”
Hammering his point home, Belshe contended that decentralization remains one of the strongest security measures available. Posing the rhetoric, Belshe asked “Is it more secure to have the two parties, or is it more secure to have BitGo hold two keys?”
THE JUSTIN SUN FACTOR
The announcement of Justin Sun’s involvement in the arrangement has been one of the collaboration’s biggest items of contention. Some long-standing crypto protocols like MakerDAO have argued that Justin Sun’s involvement adds an “unacceptable level of risk” to WBTC, proposing to reduce their WBTC exposure to 0.
Justin Sun’s commentary during the forum was admittedly brief. Downplaying his role and involvement, the controversial figure noted “the protocol, how to mint, how to burn and also the transparency and all the procedures remain the same.”
Adding further clarity, Sun contended “other than some of the keys being moved out of the U.S., I don’t really think there is much difference.”
Beyond assuring listeners that nothing had changed, Sun revealed his vision for the future of WBTC. Positing that “not everything we do is purely to make money” Sun believes the team should focus on expanding WBTC market cap, TVL, and helping the asset establish a presence of more blockchains.
1 month ago
Parcl and Truflation partner to improve on-chain access to real estate data, which offers real-time insights into global housing markets.
The collaboration would enhance transparency and assist users in making informed financial decisions in the DeFi space.
The collaboration would enhance transparency and assist users in making informed financial decisions in the DeFi space.
1 month ago
🚨 SCAM ATTENTION 🚨
The ICERIVER EU website and account have no connection with the original website IceRiverMiner !!!
Identity theft and unauthorized reseller.
Take care of yourself 🙏
More info here ⬇️
https://x.com/icerivermine...
The ICERIVER EU website and account have no connection with the original website IceRiverMiner !!!
Identity theft and unauthorized reseller.
Take care of yourself 🙏
More info here ⬇️
https://x.com/icerivermine...
1 month ago
(E)
SEC requested information about Uniswap from two venture capital funds 🙉
Several venture capital firms, including Andreessen Horowitz and Union Square Ventures, have received a notice from the SEC demanding information about the activities of the decentralized exchange Uniswap, Axios reports.
According to the publication, the regulator may accuse Uniswap of not being a registered exchange.
The Uniswap platform is the largest DEX with a market share of 15.8%, according to CoinGecko.
Several venture capital firms, including Andreessen Horowitz and Union Square Ventures, have received a notice from the SEC demanding information about the activities of the decentralized exchange Uniswap, Axios reports.
According to the publication, the regulator may accuse Uniswap of not being a registered exchange.
The Uniswap platform is the largest DEX with a market share of 15.8%, according to CoinGecko.
1 month ago
📊GlobaVTS is still trying to gain a foothold above the 60,000 level. It is necessary to open the weekly candle above. But in any case, it will only be a local movement with subsequent growth towards the upper boundary of the pattern. Where there is a possibility of some manipulation by the Market Maker and whales. As I wrote earlier, for a new round of growth, it is necessary to break through the resistance zone of 70,000-73,000, but not only to break through, but also to gain a foothold higher. Next week there will be important data on US inflation, with the help of which it will be possible to predict the possibility of lowering US Federal Reserve rates.
withdrawal from exchanges exceeds input - correlation
Minimum volumes!
Altcoins are also waiting for information from the Fed next week. And of course, the breakdown of the resistance zone for Bitcoin. The growth will be significant in the medium and long term. Locally, there may still be some manipulations. But as soon as the inflation data arrives, I will start buying some altcoins. I will write the signals in the VIP channel.
https://www.tradingview.co.../
withdrawal from exchanges exceeds input - correlation
Minimum volumes!
Altcoins are also waiting for information from the Fed next week. And of course, the breakdown of the resistance zone for Bitcoin. The growth will be significant in the medium and long term. Locally, there may still be some manipulations. But as soon as the inflation data arrives, I will start buying some altcoins. I will write the signals in the VIP channel.
https://www.tradingview.co.../
1 month ago
Gm Bullers!
I recently compiled a mini portfolio of my infographics that turned out to be the most beautiful.
I am interested to know your opinion, rate them from 1 to 10.
P.S this is only a small part of what I have done, I have created more than 100 beautiful infographics and posts :)
I recently compiled a mini portfolio of my infographics that turned out to be the most beautiful.
I am interested to know your opinion, rate them from 1 to 10.
P.S this is only a small part of what I have done, I have created more than 100 beautiful infographics and posts :)
1 month ago
Weekly Outlook Charts: August 5-9:
#DXY Despite the volatility, the weekly time frame still shows bearish divergence. Hence why i think we will still continue on the leg down to 96.9 as forecasted many months ago. Nothing has changed here.
Weekly: https://www.tradingview.co.../
Daily: Solid rejection off 106/107 level instills confidence of further downside to target.
https://www.tradingview.co.../
🎯Target at 97 remains.
Doesnt lower DXY mean gains for risk assets like crypto? Not quite..
Where I was wrong about DXY and why: Historically speaking, DXY strength correlates well with economic activity. A strong dollar is good for markets because it signals we are headed in the right direction. Economy > earnings > stock prices. However, more recently as we've seen in 2022 and 2023, a stronger dollar had a negative affect on equities - mainly risk assets such as cryptos. This was because of deleveraging of global liquidity in the form of quantitative tightening. Interest rates were climbing at a record pace to stop inflation, while making the risk free rate (bond yields) more rewarding than most high growth companies. Growing a company became much more difficult when compared to low rate environments. Good news was bad news for the market.
The market reaction of recent economic data indicates a possible turning point for bad news being bad for the market. So even though , DXY is still on track to its forecast from months prior, risk assets may not perform as expected. We must look at other factors outside of DXY strength - as I normally do - to gauge whether upside on cryptos are worth while...
Yield Curve Inversions:
For the first time since June 2022, the yield curve has hit 0%. After spending a record time inverted, there are signs the yield curve is finally re-inverting back to normal. The re-inversion usually causes the most damage to markets as a recession hits, and growth stagnates.
#US10Y
Below shows the yield curve vs the S&P 500.
https://www.tradingview.co.../
Since 1990, there has been a 4/4 probability of market declines and recession proceeding the re-inversion.
For data not shown on Tradingview, there were 2 outliers in 1980 and 1982 where the market nearly bottomed as it re-inverted (https://fred.stlouisfed.or...)
However, the last two re-inversions still had the market increase for the proceeding 24 weeks (5-6 months). This is very important information. If this cycle plays out like the last 2, the markets might still crawl higher until Jan 2025.
#US10Y
Below shows the yield curve vs gold.
https://www.tradingview.co.../
🎯Target for 3000
As the yield curve re-inverts, it presents an opportunity for safe haven assets like gold to outperform. The only outlier was 1980 and 1982 when gold had already increased 800% in the few years prior due to Fed Volcker's era of runaway inflation.
Evidenced by the inverted yield curve's track record of predicting recessions, the Sahm Rule was also triggered on Friday's unemployment data. Since 1950, the Sahm Rule was able to predict a recession 10/11 times (91% chance). Every time it did predict a recession, it did so within 4 months.
Coincidentally, This time frame fits quite nicely with the 24 weeks of upside proceeding the re-inversion before the start of a bear market
#DXY Despite the volatility, the weekly time frame still shows bearish divergence. Hence why i think we will still continue on the leg down to 96.9 as forecasted many months ago. Nothing has changed here.
Weekly: https://www.tradingview.co.../
Daily: Solid rejection off 106/107 level instills confidence of further downside to target.
https://www.tradingview.co.../
🎯Target at 97 remains.
Doesnt lower DXY mean gains for risk assets like crypto? Not quite..
Where I was wrong about DXY and why: Historically speaking, DXY strength correlates well with economic activity. A strong dollar is good for markets because it signals we are headed in the right direction. Economy > earnings > stock prices. However, more recently as we've seen in 2022 and 2023, a stronger dollar had a negative affect on equities - mainly risk assets such as cryptos. This was because of deleveraging of global liquidity in the form of quantitative tightening. Interest rates were climbing at a record pace to stop inflation, while making the risk free rate (bond yields) more rewarding than most high growth companies. Growing a company became much more difficult when compared to low rate environments. Good news was bad news for the market.
The market reaction of recent economic data indicates a possible turning point for bad news being bad for the market. So even though , DXY is still on track to its forecast from months prior, risk assets may not perform as expected. We must look at other factors outside of DXY strength - as I normally do - to gauge whether upside on cryptos are worth while...
Yield Curve Inversions:
For the first time since June 2022, the yield curve has hit 0%. After spending a record time inverted, there are signs the yield curve is finally re-inverting back to normal. The re-inversion usually causes the most damage to markets as a recession hits, and growth stagnates.
#US10Y
Below shows the yield curve vs the S&P 500.
https://www.tradingview.co.../
Since 1990, there has been a 4/4 probability of market declines and recession proceeding the re-inversion.
For data not shown on Tradingview, there were 2 outliers in 1980 and 1982 where the market nearly bottomed as it re-inverted (https://fred.stlouisfed.or...)
However, the last two re-inversions still had the market increase for the proceeding 24 weeks (5-6 months). This is very important information. If this cycle plays out like the last 2, the markets might still crawl higher until Jan 2025.
#US10Y
Below shows the yield curve vs gold.
https://www.tradingview.co.../
🎯Target for 3000
As the yield curve re-inverts, it presents an opportunity for safe haven assets like gold to outperform. The only outlier was 1980 and 1982 when gold had already increased 800% in the few years prior due to Fed Volcker's era of runaway inflation.
Evidenced by the inverted yield curve's track record of predicting recessions, the Sahm Rule was also triggered on Friday's unemployment data. Since 1950, the Sahm Rule was able to predict a recession 10/11 times (91% chance). Every time it did predict a recession, it did so within 4 months.
Coincidentally, This time frame fits quite nicely with the 24 weeks of upside proceeding the re-inversion before the start of a bear market
DXY Weekly Down for TVC:DXY by SolenyaResearch — TradingView
Despite the volatility, the weekly time frame still shows bearish divergence. Hence why i think we will still continue on the leg down to 96.9 as forecasted many months ago. Nothing has changed here.
https://www.tradingview.com/chart/DXY/LDxbqwgW-DXY-Weekly-Down/
1 month ago
(E)
I love bullverse beacuse I just simply open it and get so many informations about the markets.
It took me 10 minutes, which is very nice considering that I am on vacation.
It took me 10 minutes, which is very nice considering that I am on vacation.
1 month ago
Our cutting-edge Raid Reward Bot is nearly complete!! This bot will be a total game-changer for so many communities. More information will become available in the near future. Be on the lookout! 🧙🏻♂️🪄💵
2 months ago
🚨 The FBI warns against scammers posing as crypto exchange employees to steal funds.
They contact users, claiming urgent account issues to trick them into revealing personal information or clicking on malicious links.
https://x.com/fbilasvegas/...
They contact users, claiming urgent account issues to trick them into revealing personal information or clicking on malicious links.
https://x.com/fbilasvegas/...
2 months ago
Elon Musk said he is not going to promote cryptocurrency
I'm not going to promote cryptocurrency - at most, in a joking manner.
"If you see me promoting it, it's not me. I think there is some benefit to Bitcoin and other coins, and I'm also partial to DOGE."
#crypto #Bitcoin #Elon #Musk #ElonMusk #tokens #info #eng
I'm not going to promote cryptocurrency - at most, in a joking manner.
"If you see me promoting it, it's not me. I think there is some benefit to Bitcoin and other coins, and I'm also partial to DOGE."
#crypto #Bitcoin #Elon #Musk #ElonMusk #tokens #info #eng
2 months ago
🔥Илон Маск заявил, что не собирается продвигать криптовалюту
Я не собираюсь продвигать криптовалюту - максимум, в шутливой форме.
"Если вы увидите, что я продвигаю ее, то это не я. Считаю, что в биткоине и других монетах есть определенная польза, а еще я неравнодушен к DOGE."
#crypto #Bitcoin #Elon #Musk #ElonMusk #tokens #info #ru
Я не собираюсь продвигать криптовалюту - максимум, в шутливой форме.
"Если вы увидите, что я продвигаю ее, то это не я. Считаю, что в биткоине и других монетах есть определенная польза, а еще я неравнодушен к DOGE."
#crypto #Bitcoin #Elon #Musk #ElonMusk #tokens #info #ru
