Daily Memecoin Recap - November 3

All eyes on Elon, decent vol this Sunday

Elon's Pets
$shrub -> hit $30m , elonmusk's pet hedgehog
$eric -> hit $2 .1m, Elon's pet fish
$marvin -> hit $894k , Elon's dog
- He mentioned his pets in multiple tweets

Justice For Peanut
$pnut -> $3m to $134m (45x)
$fred -> $60k to $21m (350x), euthanized with Peanut
$opk -> hit $7 .8m, Obi Pnut Kenobi, Star Wars + Peanut, based on an elon musk tweet, multiple coins came out
$peanut -> hit $5 .1m, claims to be a fair and community launch
$GOPnut -> hit $2 .5m, Peanut for the GOP official mascot
$wally -> hit $1 .2m, Peanut's Brother
$karen -> hit $975k , peanut killer
$plf -> hit $580k , peanut liberty foundation, based on elon's tweet

Killed Animals
$kamala -> hit $5m , elephant
$cedar -> hit $5m , stolen pet goat
$albert -> hit $1 .4m, alligator
$legacy -> hit $915k , combination of killed animals, HarambePnutDogeFredHeaven420inu
$phil -> hit $860k , water buffalo escaped
#grizzly399 -> hit $360k , grizzly bear
- After Peanut's sad passing, degens are finding similar cases

Pump Fun Stuffed Animal
$cupsey -> hit $7m
$rupsey -> hit $530k , red version of $cupsey
- orangie posted a pumpdotfun stuffed animal
- Pump fun founder a1lon9 interacted
- orangie said its name is Cupsey, named after Cupseyy

Election Meta
$harris -> $365k to $4 .1m (11.2x), KamalaHarris
$rigged -> hit $3 .65m, gently used voting machine
$rocky -> hit $1 .4m, first dog candidate
$brent -> hit $670k
$erect -> hit $200k , Erection 2024

Old Elon Memes
$shrub -> $35k to $11m (314x), old meme on $ETH
$shrub -> $10k to $4 .1m (410x), old meme on $SOL

Iranian Feminist
$girl -> hit $1 .8m, viral Persian feminist
$ahoo -> hit $910k , Ahoo Daryaei
$ahou -> hit $430k

Grass Keeps Pushing
$grass -> $153m to $469m (3x)
- After initial fud on launch, it keeps pushing

More Cooks
#zerebro -> $5m to $25m (5x), AI
$suwi -> hit $14 .5m, solana's happy coin
$monkey -> hit $3 .8m
#griffain -> hit $2 .9m
#goatsenet -> hit $2 .7m
#dekopon -> hit $1 .9m, baby rhino
$beppo -> hit $1 .4m, chimp in space
$ks -> hit $1 .3m, kittyspin
$angy -> hit $1 .1m, cat
$mimi -> hit $1m , cat meme

Lock in for the new week tomorrow.

What are your goals?

Daily Memecoin Recap - October 22

Volume just keeps getting better 🤫

Play Of The Day
$flavia -> hit $59m

Pump Fun Integrates Video Coins
$roll -> hit $2 .2m, rick, "never gonna give you up" song
$cum -> hit $1 .18m, Trump + Kamala video "I'm gonna cum"
- You can now launch video coins on pumpdotfun

- A small NSFW meta followed the launch of this feature

Goat Going For ATH
$goat -> $145m to $538m (3.7x)
$kid -> $60k to $4 .5m (58x), Kidseus Minimus, $goat beta
- Initally crashed 70% due to truth_terminal
making a typo
- People speculated that it's not actually AI
- Already recovered from the 70% decline

Binance Buys An AI Coin
$fiji -> hit $11m
- A wallet associated with binance
bid 160 $sol

Chabenisky
$mark -> hit $9m , woman version mcuban

Crash Game
$hana -> hit $5 .38m
- Gambling + AI

Animal Meta
$kwif -> $4 .2m to $10m (2.38x), kitten $wif hat
$meizhu -> hit $2 .42m, new baby panda at guangzhou
$dog -> hit $2 .36m, just a dog
$new -> hit $1 .6m, new dog

Artificial Intelligence
$catgf -> $5 .6m to $18 .6m (3.3x)
$omega -> $1 .84m to $13 .46m (7.3x)
$wotf -> $1 .5m to $5m (3.3x), way of the future
$cog /acc -> $240k to $3 .1m (12.9x),

$lotus -> $233k to $2 .3m (10x)
$blu -> hit $5 .95m
$ttt -> hit $4m , truth terminal token
#gematro -> hit $4m ,
xenocosmography tweet
$lynx -> hit $3 .63m
$mind -> hit $3m
$memex -> hit $2 .7m
$truth -> hit $2 .53m, Truth Terminal's 1st Tweet
$tol -> hit $2 .45m, terminal of life
$gmtr -> hit $2m
$azure -> hit $1 .73m
$new -> hit $1 .6m, new dog, goal to become the new dog coin
#automated -> hit $1 .3m
$lora -> hit $968k
$cypher -> hit $783k ,
xenocosmography tweet
$hana -> hit $700k , Japanese AI meme
#aijesus -> hit $655k , Ask Jesus

Moonshot
$buddy -> hit $3 .5m, $26k + in LP Rewards
$urs -> hit $2 .2m, $42k + in LP Rewards

More Cooks
$wmm -> $1 .9m to $9m (4.73x), weird medieval memes, pushed by KOLs
$koto -> hit $7 .77m
$jim -> hit $7 .6m, naked jim, good content
$tard -> hit $3 .11m
$nchad -> hit $1m , $giga beta
#realchad -> hit $900k , nonAI Giga Chad, $giga beta
$log -> hit $746k
$txn -> hit $456k , people chatting through solana transactions

Notable: HanaSolanaa just raised 6000 sol ($1m) in 30 minutes
- I am completely unaffiliated with this, just relaying info

Are you locked in?

🚨 JPMorgan CEO Jamie Dimon is reportedly privately supporting Kamala Harris and considering a role, perhaps as Treasury Secretary, in her administration.

According to the New York Times, he told his close friends of his support for Kamala Harris and his aversion to Donald Trump.

🎁 How do giveaways work on BullVerse?

• A known or mystery prize 🎉 is attached to the giveaway.
Example: 10 SOL
• A minimum bid amount 💰 is set by the creator.
Example: 0.01 SOL
• Users must place bids to get a chance to win 🎯.
• The highest bidder 🏆 wins the prize.
• All bid payments 💸 go to the giveaway creator.
• Sniping protection ⏳ is in place! The giveaway’s end time gets extended for a few minutes if a last-minute bid is submitted.
• $BULL and partner tokens can be set as prizes 🎁.

When creating a giveaway, the creator processes a transaction 🔐 to lock the prize and ensure the winner gets paid.

Only on BullVerse! 🚀

🎖️ Justin Sun is elected Prime Minister of the unrecognized micronation of Liberland.

Liberland is a micronation located between Croatia and Serbia, and holds 99% of its reserves in Bitcoin.

The Tron founder said he would promote the idea of ​​small government as a model for the world.

Liberland, a micronation that holds 99% of its reserves in Bitcoin, has elected Tron founder Justin Sun as its new prime minister.

"Just as Vatican City represents a central spiritual authority for Catholics, Liberland will be the heart of the libertarian movement."

Daily Memecoin Recap - October 9

Dolphins + FBI + ZachXBT sums up today

Dolphin Dilemma
$hanbao -> hit $11 .7m, Hanbao the finless porpoise, viral dolphin meme
$miharu -> hit $9 .36m, smiling dolphin
$miharu -> hit $1 .39m
$taotao -> hit $615k , first finless porpoise born in captivity
- Dolphin picture has been going viral and being used as a meme
- People were quick to find its name, but there was many debates on whether Miharu or HanBao was the correct one

FBI Launched A Coin
$nexf -> hit $670k , Nex Fund AI
$nfa -6900 -> hit $366k , NexFunDai-6900, $spx + NexFundAI
- The FBI created their own coin called NexFundAI and hired some firms so that they can catch them doing fraudulent activities
- NexFundAI was a coin created at the direction of law enforcement on $eth

Major Volume
$skbdi -> $2 .78m to $49 .1m (17.6x from the low), skibidi toilet
$cb -> $9 .4m to $22 .5m (2.39x), cheeseball, wizard cat, fire content
$alpha -> $2 .45m to $8m (3.26x), reject modernity
$1 % -> hit $1 .71m, "The One Percent", the 1% club, pushed by MarcellxMarcell
$casino -> hit $308k , crypto is the world's greatest casino, same dev as #supercycle

ZachXBT Exposes Murad's Wallets
$spx -> Initially dumped from $650m to $395m (-40%) on the news. Currently climbing back up, sitting at $576m .
#mpx6900 -> hit $2 .58m, memecoin index, $spx beta

Sigma Heads For $100m
$sigma -> $25 .6m to $83 .1m (3.24x from the low), pushed by idrawline
$ligma -> hit $483k , ligma males, beta to $sigma

Mini Breaks $50m
$mini -> $24m to $59 .85m (2.49x

Lieutenant Dan
$dan -> $49k to $1 .37m (27.96x)
- Viral Floridian who refuses to leave his boat in Florida despite Hurricane Milton

More Cooks
$r /snoofi -> $5 .5m to $13 .3m (2.4x from the low), reddit dog makes a higher high
$labubu -> $1 .35m to $10 .75m (7.96x from the low), #1 toy in Asia
$diddy -> $488k to $2 .56m (5.25x)
$arc -> $182k to $866k (4.75x), villain arc
$todd -> hit $2 .32m
#hawktoshi -> hit $1 .2m, Hawktoshi Tuahmoto, Satoshi + Hawk Tuah
$risk -> hit $1m
$penis -> hit $870k , dinosaur + penis
$boys -> hit $729k , moonshot launch
$rosa -> hit $658k , viral otter
$wif -> hit $544k , "Your second chance at wif", launched in June
$alpha -> hit $448k
$scream -> hit $364k
$sato -> hit $354k

pumpdotfun save the trenches pls

PREMIERE:

The Problem of Misinformation

We sat down with leading free speech & individual rights advocate NicoPerrino, currently serving at the Foundation for Individual Rights & Expression (TheFIREorg) -- topics include:

🤳 The role of social media
🤫 The dangers of having a "Ministry of Truth"
🤖 The future implications of AI on free speech
🙊 Increasing government control over digital speech
🥸 How misinformation and disinformation are shaping our society

Tune in to hear about the parallels between historical moments of technological change and today's digital challenges, and why timeless principles of free speech remain more relevant than ever 👇

Daily Memecoin Recap - October 6

Everything is sending 👀

High Market Cap Memes
$giga -> $224m to $469m (2.09x)
$spx -> $181m to $387m (2.14x)
$fwog -> $48m to $181m (3.77x from the low)
$michi -> $88m to $172m (1.95x)
$scf -> $57m to $108m (1.89x)
$lockin -> $14 .2m to $48m (2.67x)
$mini -> $12m to $37m (3.08x), new ATH
$sigma -> $7 .8m to $30m (3.84x), new ATH
$aura -> $6m to $26m (4.33x from the low)
$rocky -> $5 .55m to $13m (2.34x)

Rumors Of Satoshi's Identity
$sasha -> $7 .9m to $16 .6m (2.1x), "Bitcoin Cat", Len Sassaman's cat
$len -> hit $4 .79m, redacted Len
$len -> hit $3 .69m
$remus -> hit $2m , Len's dog
#nukumutu -> hit $1 .16m, Redacted Satoshi Nakamoto
- There's a new HBO documentary that claims to reveal Satoshi Nakamoto's identity (bitcoin's founder)
- People are trying to leak who they're going to reveal as Satoshi, there are claims that it's Len Sassaman

Murad Meta
$bingus -> $544k to $8 .4m (15.4x), based on a tweet of Murad shilling bingus back in December 2023
#everything -> hit $2 .56m, based on one of Murad's tweets from May
$morud -> hit $657k
- MustStopMurad recently did an interview where he discusses his thesis on memecoins

Elon Musk Changes His PFP
$dmaga -> $2 .2m to $12m (5.45x)
$based -> hit $1 .85m, "Make America Based Again"
- elonmusk's new pfp is him wearing a make america great again hat

Cat Memes
$bro -> hit $1 .44m, "bro the cat"
$faded -> hit $800k , faded a coin and now you're sidelined, good meme
$bobcat -> hit $335k
$squizo -> hit $215k

Eth Moo Deng
#moodeng -> $2 .67m to $50m (18.7x)
- Moo Deng on $eth has been pumping while the $sol one decreases, rumours of a T1 listing

Other Plays
$ernie -> hit $5 .21m, moonshot launch with new airlock - top 50 holders are periodically refreshed, $132k + in LP Rewards
$laszlo -> hit $1 .27m, famous transaction of 10k $btc for 2 pizzas
$srdog -> hit $718k , silk road dog, based on Ross Ulbricht (inventor of Silk Road)
$lgr -> hit $509k , Let's Get Rich
$usdc -> hit $472k , Unicorn Solami Donut Cat, good ticker
$minnow -> hit $427k

What are some of your conviction holds? 💰

🇨🇳 Former Chinese Finance Minister Zhu Guangyao urges China to rethink its crypto policy at a 2024 economic forum in Beijing.

Zhu noted that the United States has made significant changes, including the approval of Bitcoin spot ETFs.

Bitget Wallet launches OmniConnect, a new SDK linking Telegram Mini-Apps to over 500 blockchains, including Solana, enabling Solana builders to launch mini-games directly on Telegram.

⚙️ Bitcoin mining company Hut 8 has announced the launch of its GPU-as-a-Service business.

In collaboration with Hewlett Packard Enterprise, Hut8 is building a cluster of 1,000 NVIDIA H100 GPUs in a Tier 3 data center in Chicago.

Hut 8 said the new service, launched by its subsidiary, Highrise AI, has started generating revenue as the first GPU cluster for an unnamed AI cloud developer goes fully online.

Solana’s iconic memecoin scene is restructuring. Frustrated by the rampant oversaturation of token launches and a litany of extractive practices, memecoin traders are reevaluating their approach..

Liquidity has evaporated from the memecoin economy, causing dramatic price fluctuations across the board. Abandoning smaller caps, the remaining traders have solidified positions in established coins.

The collapse of smaller memecoins has led market participants to explore alternative trading strategies and take advantage of emerging DeFi applications.

Memecoin Leverage Trading Apps Gain Popularity
Losing patience with the frequent scams, rugpulls, and pump-and-dumps popular on platform’s like pump.fun, Solana meme coin traders are eager for a new meta. The oversaturation of new launches has worn the patience of even the most committed degens, drawing attention back to established memecoins.

Despite their relatively short lifespan, Solana’s veteran memecoins have birthed devout and resilient communities. While these established memecoins remain volatile, their relative stability compared to new launches has seen coins like $POPCAT , $GIGA , and $MUMU enjoy renewed interest and capital rotates away from new launches.

However, these popular coins have arguably already completed the bulk of their run. To maximize potential profits through these coins, traders are turning to applications like Lavarage to add additional weight to their positions.

Adding a layer of dynamism to the memecoin economy, Lavarage supports margin trading positions on over 400 Solana memecoins.

With Lavarage, traders can increase the size of their positions, amplifying their profit and loss. This approach breathes new life into established memecoins and gives traders a new tool in this compelling market.

Ironically, implementing leverage trading into memecion markets might actually make them safer. Traders could be compelled to speculate on established coins, rather than gamble on new pump.fun launches and hope that the coin they’ve chosen is one of the 1.38% that graduate to Raydium.

Lavarage Partners with Backpack - Boosting Rewards
After launching in mid-August, Lavarage’s Tephra Rewards campaign has kicked into gear following its collaboration with Backpack wallet.

Lavarage users who access the application and execute trades via the Backpack will benefit from a 10% points boost. Tephra points are expected to play a key role in determining airdrop allocations ahead of Lavarage’s anticipated TGE (Token Generation Event).

An Unexpected Airdrop?
In a bid to further reward users, Lavarage has partnered with the $NAMI memecoin to distribute $1 ,500 of $NAMI to traders. Over the course of the campaign, 5,325,000 $NAMI will be proportionally airdropped to users as follows:

$1000 worth of $NAMI to users who trade $NAMI with leverage

$500 worth of $NAMI to users who trade any other token with leverage

Currently, Leverage only allows traders to open long positions on its extensive list of tradable assets.

However, moderators in the Lavarage Discord server have indicated that “we have a good idea of how shorting can be implemented”, before conceding that the team “do not have any immediate plan to roll that out

❌ Vulnerability in automatic email replies allows hackers to mine cryptocurrency using your computer.

Researchers at Facct report that hackers are exploiting email auto-replies to spread crypto-mining malware, hijacking the systems of unsuspecting users to mine cryptocurrency without their knowledge.

Using this tactic, attackers seek to install the XMRig miner on victims' devices.

The security firm said it has so far identified more than 150 emails containing XMRig since late May.

Firstpost America reported that Bhutan, holding Bitcoin worth nearly $800 million (a third of its GDP) has emerged as the fourth largest government holder of Bitcoin, showcasing its significant investment in cryptocurrency through eco-friendly mining operations.

🟠 The American coffee company Compass Coffee made the international purchase of a batch of Salvadoran coffee by paying in #Bitcoin .

An initiative that not only eliminated middlemen, but also allowed producers to obtain fair remuneration.

Buyers even have the option to tip producers directly through bitcoin wallets.

This purchase is the result of a series of meetings between the Salvadoran Ministry of Foreign Affairs and Compass Coffee in 2022

🫶 Human Rights Foundation donates 10 BTC to fund 20 projects and developments #Bitcoin worldwide.

These 20 projects will focus on technical education for people living under authoritarian regimes, Bitcoin development conferences, decentralizing mining, and providing human rights groups with more private financial solutions.

These grants will go mainly to Latin America, Asia and Africa.

https://bitcoinmagazine.co...

🇨🇦 Canadian Bitcoin miner Cathedra Bitcoin completely changes strategy after seven years of mining BTC.

The company is stopping BTC mining to follow MicroStrategy's strategy: acquiring as much Bitcoin as possible on the open market.

Mining has not delivered enough value to shareholders over the past three years, executives say.

“Meanwhile, other listed companies have adopted an explicit policy of increasing bitcoin per share, including MicroStrategy, and have been rewarded by the stock markets.”

Bitcoin Treasuries data shows that the company currently holds 23 Bitcoin, worth $2 .5 million, making it the 45th largest corporate Bitcoin holder.

https://x.com/cathedrabitc...

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

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

🇳🇴 Hadsel, a town in Norway whose mayor and its 8,236 residents pushed to shut down a local Bitcoin mining company, is now facing a 20% increase in its electricity bills due to lost revenue for the local power company

https://cointelegraph.com/...

Russia Will Establish Cross-Border Cryptocurrency Payment Regulations By November

Anatoly Aksakov, Chairman of the State Duma's Financial Markets Committee, announced that the Russian Central Bank and Ministry of Finance are working on regulations for cross-border cryptocurrency payments. The government aims to finalize these regulations by the end of November.

Initially, the Russian government will test the cryptocurrency payment mechanism under an experimental legal regime (ELR). This means only selected participants, such as credit institutions and banks, will be involved in the process. The goal is to minimize risks and develop regulations to protect the market from fraud. Aksakov noted that companies are already using cryptocurrencies for import and export payments, with transaction volumes expected to reach billions of dollars. He emphasized the need to limit the number of financial institutions participating in the initial phase to better understand the market and develop effective regulatory measures.

The Head Of Etf Store Has Stated That It Is Unlikely For New Spot Cryptocurrency Etfs To Be Listed Under The Current Administration

Nate Geraci, President of The ETF Store, recently stated on X that beyond political factors, it is difficult to foresee any new spot cryptocurrency ETFs being approved under the current administration.

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.

⛏️ Bitcoin mining was significantly less profitable in August.

According to investment bank Jefferies, “September is shaping up to be another tough month as BTC remains below $60 ,000 and the network hashrate continues to climb.”

Crypto markets have suffered noticeable pullbacks following September 10’s highly anticipated presidential debate.

In the wake of self-proclaimed ‘Crypto President’ Donald Trump’s performance, scales have tipped in favor of Kamala Harris, with prediction markets illustrating renewed support for the Democrats.

Crypto Markets Tumble as Republican Confidence Wanes
The presidential debate had a resounding effect on the digital asset market. Following the event, $SOL price has dropped 5.1%, sliding from September 10’s high of $137 .9 to currently trade hands at $130 .84.

Beyond asset prices, CoinMarketCap’s Crypto Fear & Greed Index also dropped from a neutral 46.72 to a fearful ranking of 31.6.

The crypto market’s slide is expected to be due to the wider industry’s assumption that a Trump presidency will be favorable for the blockchain industry.

Commentators argue that Trump’s pro-crypto stance will greatly benefit the sector, with many analysts proposing that the approval of a spot SOL ETF hinges on a Republican victory. Meanwhile, some Solana community members expressed that regardless of who emerges triumphant in November, it will make little difference.

Over the past four years, the Biden administration has loomed large over the crypto industry. Gary Gensler and the S.E.C. (Securities and Exchanges Commission) have been widely criticized by the crypto community for their regulation-by-enforcement approach, which has seen the agency hand out a litany of lawsuits to crypto businesses throughout its time in office.

Volume Spikes on Drift Protocol’s Prediction Market
While Trump and Harris clashed heads on camera, traders took their chance to hit the prediction markets. Drift Protocol’s BET platform, a marketplace enabling users to trade the outcomes of real-world events, enjoyed an impressive surge of trading volume during the debate.

According to Dune Analytics, Drift Protocol’s BET protocol witnessed over $851k in daily trading volume. While falling short of market leader PolyMarket’s $14M daily volume, BET’s dramatic volume spike represented a 1,287% increase over the previous day’s trading.

According to BET’s dedicated market, Trump’s chances of winning the presidential election dropped from 54.2% to 49.5% since the debate began.

$TREMP Down, $KAMA Up
Finally, the landmark debate sent waves of volatility through Solana’s PolitiFi memecoin economy.

Unfortunately for $TREMP holders, crypto markets rejected the Presidential hopeful’s debate performance. $TREMP price crumbled under increased selling pressure, plunging 28% from.19 to currently exchange hands at.135, based on Step Finance data.

Meanwhile, the Kamala Harris-inspired $KAMA saw renewed support. $KAMA surged over 34%, rising from 0.007 to currently trade at.0094. Despite $KAMA’s superior performance, the memecoin still has a smaller market cap ($8.3M) than its PolitiFi rival $TREMP ($14.2M).

The debate between Donald Trump and Kamala Harris was heated to say the least...

The summary 👇

What initially got the most attention was that Kamala Harris appeared to have worn "earpiece" earrings so that people could whisper "punchlines" to her.

Tensions over Ukraine:
Harris accuses Trump of literally wanting to abandon Ukraine, acknowledges that Russia has not threatened to use nuclear weapons but advocates a rapid end to the conflict.

Disagreements over foreign policy:
Trump fears global escalation, Harris defends international engagement

Lively exchanges on the economy:
Harris criticizes the tariffs that Trump wants to impose (especially on Chinese products), calling them a "sales tax" on the middle class, and blames it for current inflation.

Heated debate on immigration:
Trump alarmist accuses Biden-Harris administration of letting in "dangerous" immigrants while Kamala Harris accuses him of dividing the nation.

Abortion Clash:
Harris defends abortion rights, Trump calls for return of decision to states.

Post debate:
Taylor Swift, "America's Sweetheart," has announced her support for Kamala Harris. The potential impact on "young people" is massive

🇷🇺 Vladimir Putin praises Russia's crypto mining capabilities ⛏️ , stressing that the country is a world leader thanks to its energy surplus in Siberia.

Russia produced 54,000 $BTC in 2023, generating over $550 million in taxes 💰

The country is banking on the #cryptomonnaies for its economic future and to avoid international sanctions

🇯🇵 Japanese energy giant TEPCO is testing Bitcoin mining using excess solar power.

Agile Energy X subsidiary is testing #Bitcoin mining, with the aim of driving green energy adoption and potentially generating $2 .5 billion per year, by allocating just 10% of that excess energy to Bitcoin mining.

Magic Eden, Solana’s leading NFT marketplace by trading volume, has surprised network participants with an unexpected announcement.

On September 5, the crypto juggernaut revealed it would be splitting its trading platform into two separate sites, Magic Eden International and Magic Eden US.

The move has drawn skepticism from the wider community, who speculate that the regulatory landscape in the U.S. could impact user eligibility for Magic Eden’s highly-anticipated airdrop.

MAGIC EDEN'S U.S. USERS FEAR AIRDROP EXCLUSION
In the official announcement, Magic Eden posited that the U.S. site “will still have great products you know and love while .IO [the international site] will give us the ability to cook up (and sauté) even more features…”, suggesting that the U.S. platform will offer a limited range of services compared to its international equivalent.

Magic Eden users have expressed concerns that these limitations could extend to airdrop eligibility. Throughout the year, Solana users based in the United States have frequently found themselves unable to claim tokens due to geographic restrictions.

Due to regulatory concerns and the ongoing scrutiny of the SEC (Securities and Exchanges Commission), many crypto projects, like Sanctum and Grass, avoid distributing airdropped tokens to U.S. users.

Regulatory clarity around NFTs and digital assets were further exacerbated in late August, when the SEC issued a Wells notice to OpenSea, an alternative NFT marketplace.

Claiming that the platform facilitated the sale of unregistered securities, the notice serves as a preliminary warning and often precedes formal legal action.

In what could be considered a tongue-in-cheek gag, the official Magic Eden 𝕏 account also added a playful line to it’s bio, stipulating that “Tweets are only for non US Residents”.

SolanaFloor engaged the Magic Eden Foundation for clarity sounding the airdrop eligibility of its U.S. users. At press time, the Magic Eden Foundation declined to respond.

$ME TRADES AT.20 DESPITE LACK OF TOKENOMIC CLARITY
Since the initial announcement of the Magic Eden airdrop, pre-market trading for $ME has witnessed volatility. After opening at.08 on August 28, $ME pre-market prices rose as high as.24 before stabilizing at.20.

Despite attracting over $700 ,000 in trading volume, pre-market trading platform Whales Market has been criticized for opening a market for a coin with an unknown supply.

Without any publicly revealed tokenomics, pre-market traders are speculating on $ME at unknown valuations, which could lead to significant losses for participants.

COINGECKO NAMES MAGIC EDEN CRYPTO’S LARGEST NFT MARKETPLACE
Despite 2024’s NFT market suffering challenging conditions and diminishing volumes throughout the year, Magic Eden has managed to reassert its position as the industry’s top marketplace.

Coingecko, a popular cryptocurrency analysis site, recently declared Magic Eden as 2024’s top NFT marketplace. Boasting 36.7% market share, much of Magic Eden’s success this year could be credited to its adoption of the Bitcoin ecosystem, including its integration of Ordinals, BRC-20 tokens, and Runes.

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.

BTC, there were minimal trading volumes over the weekend and this weekend. Tomorrow is a whole day off in the USA and the volumes may not be large either. Bitcoin is still near the local support zone. Let me remind you that this zone is 57,600-55,900. Bitcoin continues to trade inside the medium-term pattern. And in this case, the key zone and level for reaching the upper limit of this pattern is the level of 60,000 and 64,000. After the breakdown of the pattern, a new round of growth of this cycle will begin.

withdrawal from exchanges exceeds input - 7%, 1,000 btc❗️

Altcoins, the accumulation continues. The market also gives many a chance to enter at an affordable price. But it is more likely that the next month will change the situation. The growth of altcoins in the near term will be significant.

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