🚨 The $1 .5 million CryptoPunks 2386 just sold for just $23 ,000 in a stroke of genius.

To put this into context, you should know that this CryptoPunk was split into 10,000 ERC20 tokens on 09/26/2020, and distributed among 257 holders, via a platform now out of service called Niftex.

Indeed, this NFT being very rare, it had been split in order to become more affordable and to allow everyone to own a part of a Punks.

But with the platform closed, it became difficult to sell or buy a fragment of this Punk.

However, the smart contract linked to the NFT remained valid on the blockchain, and an individual activated a buyback feature to ultimately take possession of the NFT for a fraction of its current value.

"Any shareholder can propose a buyout price, and if no one counters, he can buy the asset after 14 days."

So the offer was 0.001 ETH per share, or 10 ETH for the 10,000 shares. And the countdown that almost no one could see began.

After the 14 days, the individual got his hands on the NFT for a pittance.

Developer 0xQuit calls the operation the "theft of the century."

Sentiment is down, and critics have been quick to point out ETH's underperformance against SOL while largely attributing this to a perceived loss of mindshare and users to L2s.

This narrative has sparked a crucial debate: Are L2s Ethereum?

arjunnchand
brings the analysis...

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

🤔 Symbiotic or Separatist?
L2s have been a core component of Ethereum's rollup-centric roadmap from the very beginning. They were envisioned as extensions (technical and cultural) of Ethereum, designed to expand its capabilities and attract a broader user base.

At their core, L2s are deeply linked with Ethereum. They share its DNA — relying on ETH as the currency, benefitting from Ethereum's security blanket, and utilizing it for data storage and settlement. It's like a startup leveraging its parent company's infrastructure and brand recognition, a win-win for both.

The symbiotic relationship between L2s and Ethereum is undeniable. L2s thrive on Ethereum's infrastructure and security, while Ethereum benefits from the increased activity and increased demand for ETH, making it a better store of value.

By offering lower fees and faster transaction times, L2s have made it easier for developers to build different types of applications. Look at the explosion of memecoins on Base or the rise of SocialFi platforms like Farcaster creating new markets for users.

Beyond that, L2s are becoming major hubs for DeFi activity, and ETH, the asset, is at the heart of this ecosystem. Look at the numbers:
arbitrum
,
Optimism
,
@base
— these chains are dominated by ETH-related assets.

🧛‍♂️ Vampire attack?
However, one of the primary arguments against the rollup-centric approach to scaling Ethereum is the assumption that L2s may not continue to rely on Ethereum. Sure, L2s and Ethereum seem like a happy family now. But what if L2s build their own empires and ditch Ethereum altogether? No more relying on Ethereum for security, no more ETH as gas, not even needing Ethereum's block space.

This "L2s go rogue" fear is a legitimate concern. Technically, they could build independent ecosystems with their own validators as they would then be able to own the entire modular blockchain stack. So, is this the future – a messy breakup between L2s and Ethereum? Not necessarily.

We can all agree that there are perhaps a few too many L2s. Too many copycats. Too little differentiation. It's like a thousand startups chasing the same market, all promising the same thing. This isn't healthy.

What we need are L2s that matter. L2s that offer something unique, something that sets them apart. Security, app diversity, GTM strategy — these are the areas where we need to see real innovation.

But we must be wary of ‘echo chambers’. These zones of chains should not become isolated universes. A healthy L2 ecosystem is one where chains work together, not in isolation. We need bridges, not moats.

We need collaboration. We need communication. We need education. We need incentives. We need to build shared infrastructure and standards that foster seamless connectivity across L2s. Only then can we truly win together.

💭 Closing Thoughts
You can say that L2s aren’t Ethereum. You can argue L2s aren’t even extensions of Ethereum. But you cannot deny the fact that L2s enhance the utility of Ethereum and ETH.

The "L2s vs. Ethereum" debate is a false dichotomy. This isn't a zero-sum game. Ultimately, Ethereum and L2s are in this together. Let's build a future where Ethereum and L2s thrive as a symbiotic whole, and push the crypto ecosystem forward.

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

Daily Memecoin Recap - September 9

Market sentiment could flip bullish at any moment

Apple Event
$dbp -> $850k , "Disco Ball Pigeon", emoji shown during the apple event, okx tweeted it $CowboyFrog -> hit $377k , first AI emoji apple showed during the event

Popular Memes & Trends
$gg -> hit $1m , Galaxy Gas, one of the dumbest trends I've ever seen, all over tiktok
$wait -> hit $844k , Correction Guy, viral meme on CT
$legend -> hit $264k , "F*cking Legend", old viral meme

Hyped Launch
$insdr -> hit $1m , "The Insiders", they've been posting for a while w/ twitter gold

Doge Team Post
$cate -> hit $511k , posted by $doge team,

Dog Meta
$jack -> hit $231k , cute dog
$duge -> hit $144k , plushie dog, CTO

Slow Cooks
$moth -> $2 .5m to $7m (2.8x), was stagnant for a couple days, currently breaking out
$deebo -> $350k to $1 .7m (4.85x), CTO, bear meme
$pe -> $370k to $917k (2.47x), " Half of $pepe "
$mope -> $30k to $330k (11x), CTO

Other Plays
$btc2 -> hit $1 .39m, "Bitcoin 2.0", a fake $btc on solana, limited supply of 21,000 tokens
$ct -> hit $732k , "Crypto Twitter"
$bingus -> hit $308k , X community, pushed by KOLs
$fp -> hit $298k , a fluffy pickle
$dwagon -> hit $295k , dragon + $fwog , CTO
$unlock -> hit $178k , "unlock your full potential, unlock unlimited gains on Solana"

Patience & quality over quantity 🤫

After the euphoric highs of Q2, fear and doubt have crept back into crypto markets in recent months.

Amidst the uncertainty Solana’s DeFi ecosystem has shed layers of TVL (Total Value Locked), with the majority of protocol’s losing between 13-18% in USD value on a monthly time frame.

However, despite the market-wide pullback, outperformers have emerged. Which protocols created a liquidity vacuum and expanded their TVL despite ailing markets?

NX FINANCE, LULO LEAD MONTHLY TVL GROWTH
Solana’s DeFi scene has enjoyed newfound momentum and attention throughout 2024. However, the last 30 days indicate a charge in sentiment, with the bulk of Solana protocols suffering significant drops in their TVL.

Despite challenging conditions, several outliers have outperformed the wider market and witnessed continued growth in the face of adversity.

Lending aggregator NX Finance led the charge, enjoying consistent growth in the face of difficult markets. Courtesy of its incentivized rewards program, NX Finance TVL rose 65% in the last 30 days, leading Solana’s top 50 DeFi applications by TVL.

Meanwhile, fellow lending aggregator Lulo Finance continued to rise through the ranks, securing over $30M in Directed Liquidity (DL). With over 92% of its DL, a similar metric similar to TVL, held in stablecoins, Lulo-managed value has increased by 32.27% in the last 30 days.

At first glance, DeFiLlama data suggests that Jupiter’s TVL has risen by 47.22% in the last 30 days. However, this increase is due to the popular analytics platform integrating $jupSOL into Jupiter’s total TVL on August 16, adding approximately $300M worth of funds to the platform.

According to Step Finance data, $jupSOL supply has risen 0.36% in the last 30 days. Coupled with the 2.22% decline in Jupiter perpetual TVL in the same time period, it can be concluded that Jupiter’s total TVL has remained relatively stable in the face of challenging market conditions.

Kamino TVL Climbs Despite Falling Prices
Kamino Finance has been one of Solana DeFi’s most solid performers throughout Q3’s volatility. While lending aggregators like NX Finance and Lulo predominantly hold stablecoins, making them more resilient to market downturn, Kamino accepts deposits from a wider range of more volatile assets.

Despite falling asset prices across the industry, Kamino has emerged as one of Solana’s standout DeFi protocols.

While $SOL price has dropped over 36% since its March 18 high of $202 , Kamino TVL has increased by 12% in USD terms. Denominated in SOL, Kamino TVL has risen by 76% in the same time frame.

JUPITER DOMINATES PERPETUAL TVL ACROSS THE INDUSTRY
Jupiter’s perpetual DEX platform shows no sign of relinquishing its iron grip on derivatives dominance. One of Solana’s largest DeFi protocols, Jupiter’s perpetual DEX is currently the largest onchain derivatives market in the crypto industry.

Boasting over $657M in TVL, Jupiter dominates perpetual market share. According to DeFiLlama data, the Solana-based platform currently accounts for 18.82% of onchain derivatives TVL across the industry.

While Jupiter boasts the highest TVL across all perpetual DEXes, its closest rival still witnesses higher trading volumes. During August, Hyperliquid handled $34 .6B in trading volume compared to Jupiter’s $15 .1B. It’s worth noting that Hyperliquid’s high volume could attributed to its points program, which is expected to influence token allocations ahead of the protocol’s upcoming airdrop

Phantom, Solana’s most widely used wallet provider, has drawn criticism from some users for charging fees on in-app token swaps.

While some disgruntled community members attacked Phantom, voices across the Solana ecosystem came to the wallet’s defence. Reigniting debate around business models in the Web3 world, Phantom’s supporters argue that the platform has a right to generate revenue.

In an industry where meme coin presales can raise over $40M , is it fair to attack businesses providing essential services for charging easily avoidable fees?

SOLANA COMMUNITY MEMBERS COMPLAIN ABOUT 0.85% SWAP FEE
Frustrated Solana users have taken to 𝕏 to air their grievances about Phantom’s in-app swap fees. The public outrage came following circulation of data suggesting that the wallet provider generated over $30M in revenue through token swaps.

Comparisons between quotes between wallets and DEX aggregator Jupiter only added further fuel to the fire. Perhaps spurred on by stagnant market conditions, commentators on social media remarked that discrepancies between swaps provided by Phantom and Jupiter were “actually ridiculous.”

Eagle-eyed users remarked that the data wasn’t wholly accurate. Galactic Geckos founder Genuine Articles highlighted that the $30M figure was lower than expected, before Fabiano.sol, the influencer who originally shared the data, acknowledged that Phantom would’ve generated over $10M through in-app token swaps in 2021 alone.

While it’s obvious that traders can access better rates by using platforms like Jupiter directly, can Wallet providers be blamed for charging fees on value-added services?

Is the Slander Against Phantom Justified?
Content creator and former Phantom team member Seb Montgomery countered the attacks levied against Phantom. Arguing that every business has operational costs that need paid, Montgomery asserted that “Dapps, apps, wallets, etc. need revenue or they close up shop, and head home.”

Hammering his points home, Montgomery reminded Solana users of their double standards. The content creator highlighted how network participants were willing to provide over $40M to the $WATER memecoin presale, but criticized an 0.8% fee on services offered by one of Solana’s longest-standing products.

“You have probably lost $1000s on the pure rubbish. So don't be a clown and not support the wallets that make it all possible.” - Seb Montgomery

Montgomery also acknowledged that Solana owes much of its success to Phantom. Paying homage to Phantom’s position as Solana’s most widely used wallet, Montgomery asserted “Without Phantom, Solana's success would not have been anywhere near where it got to.”

WHICH WALLET GIVES THE BEST VALUE ON SWAPS?
While traders and users looking for the best rates should always go directly to decentralized exchanges or aggregators, it’s also worth knowing the various in-app swap rates of different wallets.

Fuse Wallet - 0%

Solflare - 0.8%

Phantom - 0.85%

Backpack - 0.85%

It should also be noted that all Solana wallets route their trades through Jupiter. Solana’s leading DEX aggregator typically offers the best rates on trades and allows third-party apps to add fees onto swaps.

Despite some traders expressing frustration, Phantom and other wallet providers have always been transparent and forthcoming about in-app swap fees. Using wallet-based swaps is completely optional and easily bypassed. Trader’s complaints are hardly unresolved.

Prices may be down, but Grayscale's making bull market bets if you know where to look.

These are the assets that have caught the attention of Crypto's Wall Street whisperer 👇

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

When Grayscale announces a new Trust for a particular asset, the market often reacts with a mix of excitement and skepticism.

It's a bit like a double-edged sword: a signal of saturation for some and a beacon of hope for others.

Some might interpret the launch as a sign that the market for that asset is reaching saturation or at least limited upside potential in crypto terms.

On the one hand, it’s a stamp of approval from a major player in the crypto space. It can lend legitimacy to the asset, potentially attracting institutional investors, and, at the very least, boost media coverage.

Grayscale has been adding new investment products at a faster clip, showcasing their conviction that we’re in the middle innings of a crypto bull market fueled by a grand slam of bullish signals: #Bitcoin ETF inflows, the long-awaited $ETH ETF launch, increasing stablecoin adoption, and steady growth in TVL across DeFi.

As a quiet giant in the industry, investors continue to watch what Grayscale is backing and what that says about their impressions of which direction the industry is headed. What assets have caught their attention lately? Let's find out. 👇

----------------------------------------------------------

Grayscale Decentralized AI Fund (FIL, NEAR, RNDR, LPT, TAO)

Grayscale Bittensor Trust (TAO)
Bittensor envisions a world where AI isn't a tool in the hands of a few corporations but a resource democratized for all. It aims to create an "Internet of AI" where everyone can contribute and benefit from AI models. $TAO incentivizes participants to contribute to the network by providing rewards for tasks like validating models and running AI computations.

As the AI race among big tech companies heats up, Grayscale believes that Bittensor offers a compelling alternative approach towards AI development, one that encourages a wider range of participants and ideas.

Grayscale SUI Trust (SUI)
$Sui boasts a novel blockchain design that prioritizes scalability and user experience. It allows for parallel processing, tackling multiple transactions simultaneously.
SuiNetwork
's competitive edge comes down to its custom-built programming language, Sui Move, which streamlines smart contract development and execution.

As the need for blockspace and faster execution in crypto increases, Grayscale believes that Sui opens the door to a new wave of decentralized applications that were previously limited by existing blockchain infrastructure.

The Grayscale Effect
Overall, the impact of a Grayscale Trust launch is highly subjective to the specific asset. By no means does it signify that the asset is destined for greatness. Take the Grayscale Decentraland Trust (MANA), for instance.

The key takeaway is that Grayscale's bullish outlook on crypto is evident in its recent product launches. They believe we're currently in a bull market and are positioning themselves accordingly.

Analysis by arjunnchand

Did someone say Multi-Wallet? 🤹

Unlock Maestro’s powerful multi-wallet modalities.

Set up multiple wallets and initiate simultaneous buys with a single click! Perfect for sniping launches with small max transactions/wallet limitations.

Assign each wallet a different action—maybe one for sniping, one for copy trading—customize it however you like!

To Enable Global Multi-Wallet:
/sniper ➡️ Wallets ➡️ Select Chain ➡️ Multi-Wallet ➡️ Connect or Generate another Wallet ➡️ Enable Multi ✅

Find the full instructions here: https://docs.maestrobots.c...

It's not that I don't like @Astro_peng or @POPDOGsolcoin 's posts😘, but I can't wait for bullverse to become a big success and attract a lot of people.

Much more varied content and different people. I feel that time is near. Come on Btc, let's launch bullrun and bullverse will become a giant of the tech

I'm waiting for my allowance to buy some bull 😝

#freeourbulls

🟡 Globees officially launches the first vacation rental platform on the blockchain, with first accommodations available across the world and many more to come 🔥

Thanks to blockchain technology, its staking program and its eco-responsible charter, this RWA project aims to revolutionize the way we book trips ☀️

https://x.com/globees_proj...

BullVerse Update

BullPad
There have been numerous inquiries regarding BullPad, and we would like to address them. After careful consideration, the team has decided that launching BullPad at this time would not be beneficial. The market sentiment remains highly bearish, trading volumes across financial markets are low, and overall uncertainty persists. Furthermore, Pump.fun’s volume has decreased by 95% from its all-time high. All signs indicate that this is not the ideal time to release a launchpad. However, we remain fully committed to launching it when market conditions are more favorable.

BullPay
BullPay is currently in beta (available at bullpay.fun). As well-needed solution in the space, it is connected to a lot of upcoming features inisde the platform. BullPay will serve not only as a marketplace but also as a crypto payment gateway, like Stripe or PayPal for crypto transactions. We developed an API kit allowing our partners to get paid from their website or mobile app.

Activity Rewards & User Experience
We are still working on developing a sustainable, more gamified and automated solution for activity rewards. Once this is finalized, we will announce it, and automated payouts will resume.

The BullVerse Ecosystem
It’s important to note that BullVerse is a long-term project. We are continually enhancing user, partner, and community engagement. As with any major project, development will unfold progressively rather than all at once.

Communication
The team is working tirelessly behind the scenes to improve the BullVerse ecosystem daily. Many individuals are involved, and significant resources have been invested in this project. Our commitment is unwavering, and we continue to expand our network by forming strategic partnerships, which are crucial for long-term growth. The vision is clear and we are enjoying the journey.

Teasers
Our primary focus has been on laying a strong foundation by creating a stable platform that incorporates both incentives and crypto utilities. Our main goal is to deliver a clear and practical use case that attracts the visibility BullVerse deserves. As a utility project, we view this as a key driver of our success: BullVerse should not just be about content, but also a hub where crypto enthusiasts can speculate, win, lose, be rewarded, and find their community. Something exciting is coming very soon..

Bullish times are ahead,
The BullVerse Team

💀 96% of NFTs would now be considered “dead”

This is what emerges from the NFT Evening report.

43% of NFT owners are currently unprofitable.

The average lifespan of NFTs is said to be only 1.14 years.

https://nftevening.com/are.../

🐋 Whales continue to accumulate BTC in current price areas.

In fact, a whale bought 545 $BTC , for $30 .82 million.

It had already bought 862 #Bitcoin for $49 million, at an average price of $56 ,993 over the last 3 days.

🚨 Mark Karpeles, former CEO of MtGox launches a new exchange: EllipX.

The goal is "transparency" and user-friendliness.

It will be launched this month in Europe.
It is currently said to be working towards MiCA compliance.

Daily Memecoin Recap - September 3

Opportunities are everywhere

Monkey Pox
$pox -> $20m to $71m (3.55x)
- Community & team are continuously grinding
- Steadily moving upwards since launch
- Nice concept & art

First Memecoin On Moonkebiz
$sick -> hit $6 .9m
- Launched on moonkebiz
- "First stake-to-meme protocol on Solana"

Hyped Launch
$korat -> hit $12m
- This launch has been in the works for a couple weeks
- Huge pump on launch, then continuous dumps
- Went from $12m to $3k market cap within 2 hours

Crypto Twitter Memes
$ultra -> $112k to $1 .85m (16.5x), "UltramanGodzillaNebulaM78", viral meme on CT
$look -> $434k to $1 .44m (3.3x)
$sweg69 -> hit $511k , "milleniumsweghunter69", good website with a Yu-Gi-Oh card generator
$bagfag -> hit $359k , "Baguette smoking a Faguette"

Fwog Betas
$pogchi -> hit $384k , "Pepefwogmichi", $pepe + $michi + $fwog
$gowilla -> hit $222k , $fwog + gorilla

Utility
$sae -> hit $493k , "Shill and earn", shill tokens, share them on Twitter, earn 3% referral fees for each trade
$pumprep -> hit $207k , tracks the quality of token developers to help prevent rug-pulls

Other Cooks
$mpig -> $929k to $2 .6m (2.8x), launched on dexscreener's moonshot
$luv -> $30k to $291k (9.7x), cat meme
$jetski -> hit $1 .83m
$mope -> hit $1 .7m, dev rugged, current CTO
$johnny -> hit $340k , cute puppy meme

Focus on preserving capital in such market conditions

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

Until October or November, #Bitcoin will not move from the range it is in. I already told you in June that the summer was going to be very quiet, the whales and market makers still have to return from vacation and do not feel like working.

Still, trading in the current market situation seems like a great opportunity to me: I will trade LONG (Futures) and BUY (spot) if we fall below $55K .

Looking ahead, buying at these prices seems like a bargain to me. Last time I said this, #btc was at $15K , in 2022. The rest was history.

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.”

Continuing to defy the expectations of the wider crypto market, Solana has outperformed digital asset rivals like Bitcoin ($BTC) and Ethereum ($ETH).

During a forgettable week for crypto markets, Solana has bucked the bearish trend, enjoying positive inflows amidst a sea of red.

SOL LEADS WEEKLY INFLOWS ACROSS TOP DIGITAL ASSETS
While much of the crypto market succumbed to bearish forces last week, Solana showed plenty of resilience. According to CoinShares data, Solana digital asset products attracted over $7 .6M in net inflows, outperforming both Bitcoin (-$319M) and Layer 1 rival Ethereum (-$5.7M).

However, despite positive inflows in digital asset products, $SOL price suffered a significant decline. Over the past week, Solana has dropped 15.45%, sliding from $157 .2 to currently exchange hands at $132 .91, based on Step Finance data.

In this sense, Solana has underperformed both $BTC and $ETH , which lost 7.5% and 7.3% respectively over the same period.

The diverging trends highlight a curious dynamic. Despite Solana suffering a more significant price drop than both $BTC and $ETH , institutional inflows for Solana-based digital asset products were positive.

Solana’s favorable performance suggests higher demand from institutional investors and traders, who are taking advantage of turbulent market conditions to establish positions heading into Q4.

Alternatively, the comparatively smaller range of Solana-based products allows for a reduced sample size, which could skew results. The abundance and accessibility of Bitcoin and Ethereum ETFs mean that these assets are likely to witness more consistent trading behavior.

MONTHLY STABLECOIN INFLOWS INCREASE BY 21%
Beyond positive digital asset product inflows, the Solana network also enjoyed increased stablecoin flows.

Having continually grown throughout 2024, Solana’s monthly stablecoin inflows increased by 21%, rising from $371M in July to $449M in August.

The growth indicates a growing desire for greater liquidity onchain. The trend is further supported by an increase in the total value of bridged assets arriving on the Solana network.

According to data provided by deBridge and Artemis, over $345M worth of assets were bridged to Solana from alternative chains, a 23% increase from the $280M bridged in July. August’s bridge traffic included over $279M from Ethereum, the industry’s largest Layer 1 network.

The inflow of capital suggests that investors and traders could be eager to establish positions in both Solana’s thriving DeFi scene and the ecosystem’s native tokens. With increased liquidity arriving onchain, network participants hope that the Solana ecosystem can maintain its bullish trajectory in Q4.

Daily Memecoin Recap - August 29

Market's waiting for a catalyst - there currently isn't a meta

6ix9ine Launch
$trolli -> hit $20 .9m
- 6ix9ine has been engaging with crypto twitter for the last couple of days
- He's joined the retardio community and has opened a tg channel

Mbappe Hacked
$mbappe -> hit $320m
- KMbappe's twitter was hacked
- The exploiter made a bunch of tweets and eventually tweeted a CA
- Someone 1 clip bought $1 ,000,000 worth and is down 95%+

Snoofi Comes Back To Life
$snoofi -> $2 .9m to $17 .9m (6.2x from the low)
- Reddit dog
- Community keeps getting stronger
- Dexscreener added a "reddit" button

NFT Collection Coins
$chungo -> hit $230k
$clown -> hit $230k , "Amphiprion ocellaris", fish meme

Dog Memes
$chua -> hit $1 .2m, $wdog team CTO, cute dog, "jotchua"
$def -> hit $475k , "Default Dog", blank picture of a dog

Cat Memes
$keycat -> $1m to $3 .7m (3.7x), viral meme, ATH $7m
$hmu -> $75k to $1 .3m (17x), "hit me up", coin that launched in July, randomly got CTO'd today, ATH is $3 .3m
$poor -> hit $615k , "wife wants a divorce", cat meme

Matt Furie Coins
$vix -> hit $645k
$brotty -> hit $500k , hyped launch, $brett as a robot

More Cooks
$art -> hit $2 .4m
$pac -> hit $1 .45m, "Photorealistic Autism Creature"

What did you hit today? 🤔

BTC, locally the 60,000 level is lost. At current levels, the local support zone is 57,600-55,900. Bitcoin is more likely to reach this support zone, from where it will be necessary to monitor the reaction in this zone. It is more likely that we will see a correction with a local flat for some time during the next week. It is also necessary to monitor the zone in which Bitcoin has been located since August 8, see the chart. (local support and resistance zone)

withdrawal from exchanges exceeds input - correlation

Altcoins, next week I will start the final set of coins for medium and long term. There is no endless correction, and there is no endless growth. Altcoins have been in correction for 5 months now.

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

WhalesMarket lists $ME (MagicEden) on their pre-market trading platform.

$ME is currently trading at.10

BIG SUPPLY, BIG PROBLEMS AS SOLANA’S NFT MARKET REJECTS LARGE COLLECTIONS

Fresh minting mechanics are bringing greater security to Solana NFTs, but new mints and large collections struggle to garner attention and are trading below mint price.

New NFT collections have learned a painful lesson this week. If it wasn’t obvious due to stagnant floor prices and diminishing trade volume, launching a fresh collection in these conditions is a difficult task.

Despite commentators claiming these hyped collections will usher in a “new era” and whitelist spots selling at over $50 apiece on open markets, launches from Pathfinders and Hermans have failed to meet expectations.

Will Solana’s NFT market ever witness another successful 10,000 NFT collection? Or are small supplies the only way of conserving value?

ONLY 21% OF PATHFINDER'S RISK-FREE NFTs MINTED

Despite proposing a new, risk-free method of launching Solana NFTs, the Pathfinders collection faces difficulty minting out. At press time, only 2,125/10,000 NFTs have been minted, falling well short of expectations.

Pathfinder’s novel LST-backed NFT collection launched with noble intentions. Providing an alternative mechanic that aims to protect minters, the collection has launched Solana’s first un-ruggable NFTs.

Unlike standard NFT mints, Pathfinders NFTs are minted using pathSOL, the project’s native liquid staking token. Holders reserve the right to redeem their NFT for the underlying pathSOL used to mint the asset, essentially securing the NFT’s value at a minimum of 2pathSOL.

Regardless, Solana’s NFT community has largely ignored the project’s novel approach to minting. Supporters of the new mechanic took to social media to express their disappointment with the NFT community’s apparent apathy. 

Commentators noted that network participants have collectively poured thousands of SOL into extractive and malicious actors, but are unwilling to support builders providing meaningful alternatives.

‘Hyped’ New Mint Immediately Under Floor - Are Presales to Blame?

Boasting a sold-out presale that constituted 55% of the total supply, the Hermans NFT collection suffered a similar fate. Priced at 1.5 SOL per NFT, Hermans struggled to attract interest during the public mint, forcing the team to take drastic action.

Hermans trading on secondary marketplaces like Tensor and Magic Eden was locked until the mint was complete, meaning holders were unable to list their assets. The team took it upon themselves to buy all unminted assets. The Hermans’ treasury now holds over 1,600 NFTs, roughly 33% of the supply.

Almost immediately, the collection began trading beneath mint price as presales and regretful minters clamored to liquidate their holdings for SOL. Hermans currently exchange hands at 0.84 SOL, down 44% from the original mint price.

While poor NFT market conditions are a significant contributor to the recent slew of disappointing NFT launches, social media commentators have argued that NFT presales are also to blame.

Low Supply NFT Collections Retain Value

In recent years, NFT markets have witnessed countless large supply collections suffer devastating downtrends. 

Top Solana collections like Mad Lads, Tensorians (pictured), and Claynosaurs have all endured significant drawdowns, while dozens of less-resilient projects have effectively plummeted to zero.

Comparatively, low supply and 1/1 NFT collections have retained their value remarkably well. Limited supply art collections like Boogles, Dead King Society, and The SixNine are typically only available through OTC deals and have maintained comparatively stable floors, regardless of SOL price fluctuations.

Arguably, this suggests that the most valuable utility NFTs offer is access to exclusive communities. Alternatively, it could also indicate that low-supply collections with low market liquidity create an elite sense of perceived value, which has supported the valuations of these co

Whether you're promoting your own meme or you're a KOL advertising for clients, simply rent space on our interactive board to boost your popularity.

$ZILLA can be found here:

http://x.com/memezillacoin
http://t.me/MemeZillacoin
http://zilla.meme
http://dexscreener.com/sol...
https://x.com/POPDOGsolcoi...

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

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

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

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

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Tokenized US Treasury Bonds Surpass $2 Billion!

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

Let's break it down together

1. US Treasury bonds

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

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

Treasury bills are simply acknowledgements of debt.

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

2. “tokenized”

Literally: injected into a blockchain

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

We are talking about "tokenization of financial assets"

3. What for?

Let's simplify:

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

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

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

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

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

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

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

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

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

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

Pt2 of my Tron memecoins research

Charts and Metrics

— avedex.cc
More flexible settings for indicators, faster price display, generally comfortable to use. It is very important that AVE is PAID (paid, well), analogy with the "pay dex" option. This is a green flag (and sometimes a scammer's trick);

— dextools.io/app/en/tron
I like the page with trending tokens, it displays which tokens are currently experiencing an increase in purchases or the number of transactions. Dextools can also be paid for, which is already a strong green flag for the project, because it costs a grand;

😊 Buy / Trade bots

— Official trading bot from SUNDOG
It's as if $WIF had its own product on Solana. So far, it's fast, quite convenient, there is an autobuy, like in Trojan. A copy of the NFD bot;

— NFD Tron Trade Bot

So far the most basic and convenient bot for trading;

— re:FEE

Part of the network commission can be paid with "energy", and this energy can be rented in such services
Savings from 50% to 80% compared to paying only for TRX.

Commissions in Tron are a separate story. The more transactions per day, the higher the commission. Sometimes, if the energy runs out, when selling a token, a commission of 50 TRX pops up. So just buy energy and fix fat profits, and the commission will not be so important;

🫡 ALERT bots

— t.me/sunpumpmigration
Notifies about token migration from sunpump to sunswap;
So far, imba. In the first 5 minutes of activity, you can often see alpha and catch X from deeps.