Exciting new features coming next week to BullVerse !

- Welcome email for users:
Some users are unsure where to begin. The welcome email will serve as a guide to our ecosystem, helping them onboard smoothly and explore BullVerse with ease.

- Daily Task Manager Widget
Level up, complete tasks, earn points, and unlock exclusive rewards! This early version of our mini widget will encourage user engagement with the platform while providing fun and rewarding experiences.

Central and Southern Asia Explore Sustainable Alternatives Following Bitcoin Mining Boom
Once a thriving hub for Bitcoin mining, Central and South Asia’s crypto community pivots to more sustainable networks.

While the Wed3 world focuses on international heavyweights like China and the United States, Central and South Asia (CSA) boasts a thriving and diverse crypto economy.

India and Pakistan enjoy some of the highest crypto adoption rates in the world, while cheap energy costs and regulatory clarity made Kazakhstan a Bitcoin mining hub in 2021.

As the crypto community seeks sustainable alternatives, Solana emerges as a prime candidate to support growing adoption in CSA nations.

Central Asia’s Bitcoin Mining Boom
Following the exodus of Bitcoin miners from China in 2021, Central Asian countries like Kazakhstan and Kyrgyzstan played host to huge amounts of crypto mining activity.

Abundant in natural resources, low energy costs, and crypto-friendly laws, the area quickly evolved into a thriving hub Bitcoin mining hub. Crypto mining operations paid as little as.03 per kWh for electricity in Kazakhstan, making it one of the world’s most cost-effective nations for Bitcoin farms.

This led to a surge in crypto adoption rates in Central Asia, with Kazakhstan becoming the world’s second-ranked Bitcoin mining nation in 2021. At its peak in October 2021, Kazakhstan accounted for 18% of the global Bitcoin hashrate. However, Central Asia’s mining utopia couldn’t last forever.

KAZAKHSTAN BITCOIN MINING INDUSTRY OVER TIME

The rising demand for energy put a significant strain on the Central Asian power grid, causing sporadic outages as aging Soviet-era infrastructure struggled to keep up. By May 2023, Kazakhstan’s contribution to the global hashrate had dropped to as low as 4%.

A wrath of regulations have since been implemented to curb crypto mining in Kazakhstan. New mining-specific tax rates have been introduced, and crypto miners in the nation are required by law to sell 75% of their revenue via centralized exchanges.

Meanwhile, neighboring countries like Kyrgyzstan and Uzbekistan are exploring more sustainable energy alternatives, including solar and hydroelectric farms.

IS SOLANA A CONVENIENT SOLUTION Solution?
Courtesy of its hybrid Proof-of-Stake/Proof-of-History consensus mechanism, Solana is one of the most environmentally friendly blockchains in the crypto industry. According to Solana Labs, one transaction requires less energy than a Google search. Additionally, Solana is carbon neutral, having implemented numerous carbon offsetting initiatives.

When I meet Crypto Founders these are the reasons why they love Dubai.

1 - Pro-Crypto Regulations:
2 - Crypto Freezones
3 - Networking
4 - Location & Lifestyle

The Founders' Villa, by the Superteam UAE is a great way to experience Dubai and explore what it has to offer.

https://villa.superteam.fu.../

Daily Memecoin Recap - September 2

The past week has been absolutely dead, but volume picked back up today

GameFi Coins
$explore -> ExploringOnSOL
, functioning game coming out, team is good, hope this starts a new meta

Ethereum Pump Fun
$vista -> hit $30m , ethervista

- Users are responsible for creating their own coin contracts, EtherVista only offers a "Launch" feature
- By supplying coins and ETH, users receive LP tokens for EtherVista's DEX, with the option to burn these tokens
- The DEX has a fixed-fee structure, distributing fees to LP providers, coin creators, and $VISTA developers
- This is more of a unique UniswapV2-style DEX rather than a typical pump-and-dump scheme

Fascist.eth Coins
$xd -> hit $9m , someone threatened that they would leak psyoptrick's past & nudes, instead she did it herself
$obama -> hit $552k , "Bitcoin Obama", pushed by
psyoptrick

Runners Of The Day
$yukie -> $150k to $630k , dog meme, launched in August heavily pushed today, ATH $1 .65m
$tommy -> hit $3 .2m, another cute dog, coordinated push
$gib -> hit $2 .5m, "A marketplace for work"
$ultra -> hit $800k , "UltramanGodzillaNebulaM78", good content
$look -> hit $800k , "Look bro...", viral meme on CT these past few days
$pin -> hit $730k , Post-It Note, memes on a post-it note

Wei Wu Trolls Ansem
$wisdom -> hit $580k , based on WuWei113
, who beefed with blknoiz06 recently

Dexscreener introduces new boosts & gold tickers
$abcde -> hit $850k , slow grind up since launch, based team

Fwog Is King
$fwog -> $45m to $91 .6m (2.03x from the low), one of the strongest memes despite the market downturn
$fwag -> hit $1 .3m, gay $fwog , " You missed $FWOG ? You must be a $FWAG "

Smoking Chicken Fish Betas
$dcc -> hit $2 .5m, "Drunk Chicken Centipede", $scf vibes
$btc -> hit $785k , "Big Titty Chicken"

Other Cooks
$bud -> hit $1m
$bullet -> hit $450k , functioning game
$gugu -> hit $396k , CTO
$frfr -> hit $340k , "Fref & frof"
$katana -> hit $309k , "First Blind Dog On Solana"
$fwc -> hit $258k , "Farting Whoopie Cushion"

Differentiate having a long-term outlook on your spot bags vs a short-term outlook when trading memes

🇸🇻 El Salvador continues to buy 1 $BTC per day since March 16.

Over the past 5 months, El Salvador's assets have increased by more than 160 Bitcoin.

They currently hold over 5,850 BTC with an average cost of $44 ,835 per BTC

https://platform.arkhamint...

📚 Maestro Docs Overhaul

Our user manual has just received a major update!

Explore the latest and greatest features across all your favourite chains. This comprehensive guide is your key to mastering Maestro.

Don’t miss out on unlocking your full potential with Maestro!

Still have questions? Our dedicated support team is here for you in the Maestro Ecosystem, ready to help 24/7.

DOCS 👉 https://docs.maestrobots.c...
Support 👉 https://t.me/MaestroBots

Major crypto exchange Coinbase has unveiled an innovative artificial intelligence accelerator grant program.

The initiative will award $3 ,000 each to five projects that explore the integration of AI with cryptocurrency wallets.

Coinbase CEO Suggests AI Should Have Crypto Wallets Amid New Bot Accelerator Launch

Solscan explorer is now displaying priority fee for every transaction on Solana.

🚨 MetaMask partners with Mastercard and Baanx to launch the world's first Mastercard debit card that enables instant spending directly from your self-custody wallet.

The MetaMask Card works like a traditional debit card: users can make purchases directly from their MetaMask wallet.

The Crypto is then instantly converted to fiat and available for purchases online or in-store.

“MetaMask Card represents a major step towards eliminating the friction that exists between blockchain and traditional payments. It is a paradigm shift that offers the best of both worlds,” said Lorenzo Santos, Senior Product Manager at Consensys

https://consensys.io/blog/...

Aiming to streamline and simplify the Solana user experience, Fuse Wallet has unveiled yet another creative tool. After delivering Solana’s leading multisig solution and developing a seed phraseless smart wallet, Fuse is finally bringing gas abstraction to Solana.

What is gas abstraction, and how does it facilitate simplified applications on the Solana blockchain?

HOW DOES GAS ABSTRACTION WORK
In an eagerly awaited update, Fuse Wallet has finally implemented gas abstraction. A helpful onboarding tool, gas abstraction makes Solana gas payments simpler than ever before by expanding the ways in which users can pay transaction fees.

Through the platform’s Paymaster feature, Fuse Wallet’s native LST (Liquid Staking Token), fuseSOL can be automatically converted to SOL to pay transaction fees. This gives users greater flexibility by enabling them to deploy all their SOL throughout the ecosystem while still enjoying the staking rewards provided by fuseSOL.

Essentially, Fuse Wallet’s Paymaster feature ensures that your wallet always maintains a minimum balance of fuseSOL that is sufficient to pay transaction fees. Kept separate from your main balance, the Paymaster also allows for a daily spending limit of 0.1SOL.

While for now, this might sound as simple as using fuseSOL for transaction fees instead of SOL, the future implications allow for a far more diversified onchain landscape.

WHY IS THIS HELPFUL?
In the future, Fuse Wallet expects that users will be able to pay gas fees using any supported cryptocurrency, like USDC. Successful implementation of gas abstraction means that users are no longer required to hold SOL in their wallets, enabling them to explore the Solana ecosystem with greater freedom and simplicity.

Additionally, gas abstraction will make it possible for applications to cover the costs of network transaction fees on behalf of their users. This feature eliminates a massive friction point that hampers adoption and helps new users join the onchain economy.

Commentators on social media have lauded the move as a bold step forward for crypto onboarding.

Daily Memecoin Recap - August 8

The market is in need of a new meta, a lot of repetitive things coming out

Fake Trump Coin
$rtr -> hit $155m , "Restore The Republic"
- DonaldJTrumpJr was teasing at an exciting crypto announcement
- Plenty of legit people had sources saying that this was Trump's real coin
- People believe that they rugged at the last second, which has caused an outroar on the timeline

Neiro's friends
$fuku -> hit $4m , based on $neiro 's friend, kabosu family ( $doge )
$fuku -> hit $1m
$hachi -> hit $1m
- kabosumama has a new blog post

Dog Memes
$pitbull -> $400k to $1 .96m (4.9x), decent team
$pooku -> $260k to $1 .2m (4.6x)
$eggdog -> hit $8 .5m, insider
$maka -> hit $980k , cute dog
$maki -> hit $300k

Wizard meta
$lore -> hit $1 .15m
$wizcat -> hit $1 .1m, influencers backing

More Cooks
$schizo -> $95k to $2m (21x), revived after getting CTO'd
$gmblr -> hit $3m , sniped launch
$jajak -> hit $2 .83m, heavily pushed today, a lot of smart wallets aped, funny meme
$dwifkodak -> hit $1 .6m, celeb meta, pushed by KOLs
$money -> hit $1 .15m, "Just give me my money", good meme
$bif -> hit $850k , "banana wif hat"
$miy -> hit $800k , duck meme, CTO
$memest -> hit $380k , "memes street", CTO
$spurdo -> hit $370k
$bph -> hit $260k , "Blue Party Hat",

I want to see something new, something fresh that hasn't been done before

Can dev do something pls

🇸🇻 An IMF mission to El Salvador issued a statement focused on supporting the country's medium-term growth, including policies to reduce risks associated with #Bitcoin .

"Progress has been made in negotiations for a Fund-supported program focusing on policies to strengthen public finances, bolster bank reserves, improve governance and transparency, and mitigate risks related to bitcoin."

These include proposals on the management of bitcoin as legal tender in the country and the approximately 5,750
BTC held by the government.

"On bitcoin, while many risks have yet to materialize, it is jointly recognized that further efforts are needed to improve transparency and mitigate potential fiscal and financial stability risks to the bitcoin project."

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

Good afternoon 🔥 hope you all had a Bullish weekend so far

If you noticed $NEIRO on $SOL

$NEIRO is the Shiba Inu who has gained popularity on ​social media, similar to Kabosu (DOGE). Neiro is known ​for her charming and expressive face, which often ​features the characteristic ''smiling'' expression that ​Shiba Inus are famous for!

It all started as the first $NEIRO that was created on the ​SOLANA blockchain! We went through alot... A CABAL ​competing against the real OG COMMUNITY, a whole ​lore to it!

Why $NEIRO ??

-CTO
-ACTIVE community✅️
-Holders 10k+💎
-Great narrative ✅️
-$182.72K to $57 .95 (31,545%)📈
-Currently at $22 .68M

Apped in at $6 .33M to $22 .68M (348%)

Good time to lock in and ape on 😎

🌍Website🌍
https://neirosoldog.com/

Tele
https://t.me/NEIROCTOSOLAN...

Twitter
https://x.com/neirowoof

Chart
https://dexscreener.com/so...

CA
CTg3ZgYx79zrE1MteDVkmkcGniiFrK1hJ6yiabropump

Looking for the top farms you need to prioritize this month? We've got you covered 🫡

In this guide, we’re exploring the five airdrop hunts that we think are the best and biggest opportunities, a list that including syrupfi
🍁

Explore all 5 hunts now:
🔗 http://bankless.cc/5Hunts

Solana’s vast staking ecosystem continues to offer a generous bounty of rewards and utilities. The network’s burgeoning DeFi activity has amplified blockchain revenue, flipping Ethereum in yet another key metric.

Meanwhile, the consistent growth of Solana LSTs (Liquid Staking Token) appears to be plateauing, with net LST flows turning negative on weekly and monthly timeframes.

SOLANA FLIPS ETHEREUM ON REVENUE GENERATION
Off the back of a massive month of DeFi trading activity, Solana’s network revenue has surpassed Ethereum’s on a daily timeframe.

According to Artemis data, Solana has slowly closed the gap on Ethereum in terms of revenue generation before finally surging past its biggest rival. On July 28th, the Solana network generated over $1 .2M in revenue, lending credibility to the network’s economic model.

This is good news for Solana validator operators and stakers. Not only does surging revenue translate to greater earnings for stakers, Solana’s increasing transaction counts also burn SOL tokens. Burning 50% of every transaction fee, this mechanism helps to counter SOL issuance and inflation, building a more sustainable token economy.

SOL TOKEN BURNS
Based on the last seven days of Dune Analytics data, the Solana token burn mechanism has burnt 38,145 SOL, currently valued at over $6 .92M. Despite burning over 5,000 SOL per day, the Solana network still issues just over 160,000 SOL through validator rewards.

LIQUID STAKING FLOUNDERS
Solana’s thriving liquid staking economy has enjoyed immense growth throughout the year. However, the TVL (Total Value Locked) of liquid-staked SOL has dropped over the last 30 days, signaling that interest in LST assets has plateaued.

According to Dune Analytics data, the total number of SOL staked through LSTs reduced by over 128k in the last 30 days, with 42.41% (45,411 SOL) of that figure being withdrawn in the last 7 days.

This decrease is likely due to the withdrawal of capital from Sanctum’s popular LST ecosystem, which attracted over $1B in TVL from depositors in anticipation of Sanctum’s initial CLOUD airdrop.

In a bid to attract more liquid stakers to their validator, Jupiter implemented a dramatic change in their fee structure. On July 22nd, Jupiter announced that 80% of block rewards would go to jupSOL, increased from 50%.

Meanwhile, Step Finance launched another addition to its growing ecosystem. In collaboration with Sanctum, Step Finance unveiled its proprietary LST, stepSOL, which provides holders with STEP reward options on top of all the existing benefits of liquid-staked assets.

THE RETURN OF NATIVE STAKING??
With attention shifting away from LSTs, this may be an excellent opportunity for the Solana community to explore native staking. While not offering the flexibility of liquid staking, native staking provides greater security and peace of mind for SOL stakers.

One of the longest-serving DeFi protocols in the ecosystem, Marinade Finance offers one of Solana’s most powerful staking services. Optimized to provide stakers with the best possible staking rewards across an aggregated pool of leading validators, Marinade offers Solana’s only automated non-custodial staking tool.

What’s more, novel features like Marinade’s Stake Auction Marketplace and Protected Staking Rewards ensure users maximum rewards, while benefitting from the inherent security of native staking.

At press time, Marinade Finance is Solana’s most popular staking provider, attracting over 147k unique accounts. Offering comprehensive support for Solana staking, Marinade has attracted over $1 .4B in TVL, with 32.15% of this figure directed to native staking according to Dune Analytics.

Between Solana’s explosive revenue generation and the vast range of staking products available in the ecosystem through projects like Marinade, there’s never been a better time to stake SOL.

The summary of the news #crypto

1) The German government has confirmed that it has sold all of its bitcoin accumulated during various seizures, for reasons of a legal deadline

2) Discussions are open to reinstate staking in certain ETF's spot ETH (the big launch is still planned for next Tuesday)

3) State Street, 4th US manager with 4,000 billion under management, explores the possibility of creating its own stablecoin

4) According to Ki Young Ju, the OTC market now largely predominates on the spot, which itself is at a historic low point of 3 years in terms of transactions carried out by individuals

5) Ethereum is still well ahead in terms of revenue generated in 2024 with 1.42 billion. Solana for example is 4th with 135 million

6) Donald Trump considers Jamie Dimon, CEO of JP Morgan, as treasury secretary in the event of election, the latter in turn miraculously changing his mind on #crypto

7) In terms of cycle, the #Bitcoin   halving Progress is now at 6%

8) The current technical zone on $BTC is around $65k and it should be complex to cross

9) Mt Gox has already transferred around 40% of the Bitcoin which has been returned to customers (notably through Kraken)

10) Leading exchange in India Wazirix was exploited for a total of $235 million, North Korean hackers from the Lazarus Group could be behind it

11) The SP500 & Nasdaq correct on the US market

12) A documentary series “What the Punk” is available on Arte

13) The fees of the different ETF's spot on $ETH should be around 0.20 to 0.25%

Phantom has just released a “search bar” feature, where users can now search any Solana token from Phantom explore inside the wallet.

🇩🇪 The German government is again transferring 832 #Bitcoin   to various crypto exchanges.

This represents more than $52 million.

https://platform.arkhamint...

What is 0xMantle cooking up? 👀

Join us Monday as we explore the Mantle ecosystem's latest developments

Set a reminder 🔔👇

Is OP_CAT the missing piece for BTC L2s?

This opcode has everyone talking; what does it do?

A beginner's guide 👇

Bitcoin L2s are the talk of the town, but not much of their promise has been realized yet.

What are Bitcoin's builders waiting for?

One significant proposal could help mature the Bitcoin L2 landscape: the reintroduction of OP_CAT. This opcode, which was disabled early in Bitcoin's history, could unlock new capabilities and pave the way for more sophisticated and trustless Bitcoin L2 solutions.

Let's dig into why this opcode could be so transformative for BTC 👇

What is OP_CAT?
Okay, so why is this seemingly random opcode so controversial? OP_CAT, or "Operation Concatenate" is an opcode in Bitcoin's scripting language that allows for the concatenation of two data elements.

Initially proposed by Satoshi Nakamoto, OP_CAT was disabled in 2010 due to security concerns related to its original implementation, specifically potential denial-of-service (DoS) attacks caused by unbounded memory usage.

The introduction of the Taproot upgrade in 2021 has mitigated these original concerns. Taproot enforces a maximum stack element size of 520 bytes, addressing the memory usage issue that led to OP_CAT's deactivation. With this security improvement and resurgent Bitcoin development interest, thanks to Ordinals and Runes, a movement to reintroduce OP_CAT to enhance Bitcoin's scripting capabilities is gaining steam, aiming to put more complex transaction capabilities in reach.

Are Covenants and Smart Contracts Different?
One reason why OP_CAT is so compelling is because it can actualize covenants, i.e. spending conditions, on Bitcoin. Covenants and smart contracts are both mechanisms for controlling the flow of funds in a blockchain network, but they operate in distinct ways.

Covenants:
Purpose: Restrict how funds can be spent in future transactions.
Functionality: Implement specific spending constraints, such as limiting addresses or setting conditions on fund transfers.
Complexity: Generally involves simpler, deterministic logic without loops or complex computations.
Implementation: Can be implemented using Bitcoin Script with enhancements like OP_CAT.

Smart Contracts:
Purpose: Automate a wide range of processes and transactions.
Functionality: Handle complex tasks such as decentralized exchanges, token issuance, and multi-party agreements.
Complexity: Support complex conditional logic, including loops and intricate computations.
Implementation: Commonly implemented on platforms like Ethereum using high-level programming languages.

Why Does OP_CAT Matter for Bitcoin L2s?
OP_CAT would prove crucial for advancing Bitcoin L2 solutions because it enhances the scripting capabilities needed for more complex and trustless Bitcoin infra. First, OP_CAT allows for covenants, enabling the construction of more complex scripts. This is essential for creating advanced transaction conditions and functionalities required for L2 solutions.

Additionally, if OP_CAT is activated, projects like StarkWareLtdare on standby to develop atop it. StarkWare has plans to leverage OP_CAT for bringing zero-knowledge (ZK) scaling to #Bitcoin to enable advanced financial instruments and apps on the network. StarkWare’s involvement here underscores the broader ecosystem's readiness to capitalize on the enhanced capabilities that OP_CAT would introduce.

As such, as the community continues to explore and test the possibilities around this proposal, the future of Bitcoin L2s looks promising and ripe with potential. At this point, reactivating OP_CAT seems like a matter of when not if!

Written by
WPeaster

SolanaFM which is a blockchain explorer just had an upgrade that introduces Explorer 2.0

With over 50 updates, including major performance enhancements, bug fixes, and community-requested features, this new version is gonna take block visibility to another level entirely.

It just became official that Circle's Programmable Wallets now supports #Solana

Builders on Solana can now embed secure wallets tailored to their apps and sponsor transaction fees of their users to streamline user experience.

Programmable Wallets enables #devs to build on Solana using flexible REST APIs in any language.

Devs can combine Programmable Wallets with Cross-Chain Transfer Protocol to create apps that span Solana and EVM blockchains.

https://www.circle.com/blo...

Bridge Explorer tier list