🎲 Poker Tournament Alert! 🎲

🔥 Registration is now OPEN for our free-entry tournament! Don’t miss your chance to join the most degen poker game on Solana! 🚀

📍 How to register:
1️⃣ Join our Telegram https://t.me/MummatSolana.
2️⃣ Share the following details in the Telegram chat:
-Your Twitter.
-Your Telegram.
-The username you registered with in the poker room.
🃏 Poker Room Link: https://pokernow.club/mtt/...

Let’s play! 💰💎
$Mummat #Solana #PokerTournament #CryptoCommunity

Daily Memecoin Recap - November 25

Decent volume, market's waiting for a clear meta

Peanut's Owner Launch
#justice -> hit $165m
$fmark -> hit $510k , f*ck the owner
- Owner of Peanut launches his own coin, claiming that $pnut and $fred used his story for money

Pump Fun Closes Livestream
$victim -> hit $3 .7m, victims of pump fun
#homeless -> hit $1 .3m, live on street until we hit $50m
- After users are majorly concerned with some of the streams coming out, pump fun closes the feature

TikTok Meta
$dk -> hit $17 .5m, Just A Chill Donkey Fr
$baldi -> hit $3m , Baldi Baldimore
$mew -> hit $1 .9m, mewing snowman
$los -> hit $1 .7m

Bob Takes Over Twitter
$bob -> hit $32 .1m, This is Bob. Copy and paste him

Good Art
$fric -> hit $26 .6m, frog

Artificial Intelligence
$ubc -> hit $10 .4m, Universal Basic Compute
$loria -> hit $4 .9m, new
truth_terminal

More Cooks
$ass -> hit $24m
$sava -> hit $8 .3m,
MartinShkreli replies
$1 -> hit $6 .7m, just buy $1 worth of this coin
$sercy -> hit $5 .6m
$rna -> hit $5 .5m
$na -> hit $5 .1m
$loria -> hit $4 .9m
#tontoba -> hit $4 .5m
$blt -> hit $3 .7m, bltcoin
$bread -> hit $3 .1m
$braz -> hit $3m
$perrot -> hit $2 .7m
$cancer -> hit $2 .5m, f*ck cancer
$alot -> hit $1 .8m, this will be worth alot
$sunny -> hit $1m
$bee -> hit $560k
#santahat -> hit $450k , runescape meme

There's opportunities every day

Did you cook?

Daily Memecoin Recap - November 24

Good volume, drama with pump fun livestreams

Science Meta
$dna -> hit $16 .8m
#roident -> hit $4 .8m, pumpdotscience mascot
$psmice -> hit $4 .3m, pumpdotscience mascot
$rna -> hit $3 .3m

Frog Memes
$terry -> hit $30m , unique
$fog -> hit $4 .8m, frog meme, simple yet good art

Artist Launch
$wain -> hit $9 .4m, amazing art
- ratwell0x is the artist

Elon Tweets
$would -> hit $26m , elonmusk
posted the meme
#ironyman -> hit $7m
$msnbc -> hit $3 .5m
$spqr -> hit $2 .9m
$mt -> hit $1 .4m, monk temptation
$x -> hit $600k
- Elon is the biggest KOL frfr
- Bro doesn't even know that there's coins worth 8 figs that spawn because of his tweets

TikTok/GenZ Memes
#mustard -> hit $81m , Kendrick lamar yelling MUSTAAAARD, viral on tikttok
#daddychill -> hit $15m , famous video, picking up partly because of #chillguy
#rizzmas -> hit $8 .7m
$bro /eco -> hit $7 .3m
$nose -> hit $5 .6m, let me do it for you
#ketchup -> hit $2 .1m
$gnome -> hit $1 .7m

Artificial Intelligence
#overseer -> hit $15 .1m
$mind -> hit $9m

Solana Pet
$blob -> hit $22 .7m

First Human Being Created By God
$adam -> hit $1 .9m

More Cooks
$purpe -> hit $77m , purple $pepe , back from the dead
$hege -> hit $31m
#justice -> hit $24 .8m, justice for $pnut and $fred
$mtm -> hit $11m
#sootcase -> hit $9 .9m, Barron Trump meme
$pim -> hit $7 .9m
$mike -> hit $6m
$oiia -> hit $3 .3m, cat meme
#tontoba -> hit $3m
$bread -> hit $2m , literally just bread
$boggs -> hit $2m
$1 -> hit $1 .6m, just buy $1 worth of this coin
$jensen -> hit $1 .5m, #Nvidia CEO
$bling -> hit $960k
$moar -> hit $900k
$kaiju -> hit $800k
$meme /eco -> hit $600k , meme economy

Do you think pump fun should turn off livestreams?

There is a person impersonating me on Telegram and asking community members for SOL.

If anyone is contact you claiming they are team members and asking for funds just block and report.

The person is using a capital i for an l so it looks like it is the same username as mine.

This user goes by: TopG_BuIIish (i for an l)

New month -> Grow or get left behind

- Identify aspects of your trading that you need to work on
- Try spotting emerging trends to gain an edge
- Set goals
- Hold yourself accountable
- Build a journal to track how you feel while entering & exiting trades
- Work on self-discipline

Make every month count, this bull run won't last forever

A BBC Journalist who has been chasing Cobratate
and I around for years crying that we don’t trust the Romanian process has recently been convicted by a foreign court and ran away instead of facing justice.

Here is what this criminal had to say for himself.

Will Ethereum remain institutions' top choice?

jonahrobrts breaks down the blockchain competition for TradFi's attention 🤼‍♂️

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

Disruption. Digitization. Financial inclusion. Future-proofing.

What do all of these oft-repeated buzzwords have in common? They’ve all been used by crypto-pilled associates at TradFi firms to pitch their bosses on the exciting upside of blockchain tech. This year, it seems, the executives are listening.

Institutions jumped into crypto more headlong than ever in 2024. Their moves are starting to bridge the gap between TradFi and DeFi. However, this article isn’t focused on why firms are building onchain. Instead, we are focusing on where these funds are choosing to build.

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

What’s Happening on Ethereum?
Ethereum is the world’s largest smart-contract blockchain network. It has secured over $90 billion in RWAs, including stablecoins. 2024 has been a big year for the adoption of non-stablecoin RWAs on Ethereum as well, with the network growing its onchain U.S. treasuries, bonds, and cash equivalents from $800 million to over $1 .5 billion and overall non-stablecoin RWA value to $2 .9 billion.

Some of the major players building on Ethereum this year include
Visa, BlackRock and FTI_US

Earlier this month, Visa announced that they are building the Visa Tokenized Asset Platform (VTAP) on Ethereum. This is the company’s biggest step toward crypto adoption thus far. VTAP enables Visa to issue and manage fiat-backed tokens on Ethereum. It is intended to be a sandbox for participating financial institutional partners to create and experiment with fiat-backed tokens. They expect to begin piloting the platform with Spanish multinational bank BBVA in 2025. While the VTAP program is certainly an experiment, it gives credit to the thesis that TradFi will migrate its operations onto Ethereum over the coming decades.

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

Yet, the success of Ethereum’s competitors highlights a critical point: institutions are no longer bound to a single network. While Ethereum is foundational, blockchains like Solana and Stellar provide alternatives that are increasingly hard to ignore. However, they also present novel interoperability concerns.

Interoperability is central to the future of institutional blockchain adoption. As Visa states in their VTAP press release announcement, the largest benefits of building onchain include easy integration, programmability, and interoperability. Institutions that venture onto non-EVM chains like Solana or Stellar may face challenges in asset liquidity and protocol compatibility. This can lead to reliance on third-party services to bridge assets between chains, which introduces complexity and security risks. Ethereum’s widespread use means that staying within the EVM ecosystem—whether through Ethereum or Layer 2 solutions—remains the simplest and most secure option for institutions.

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

However, for Ethereum to maintain its lead in the race toward institutional adoption, it must continue to balance world-class security and stability with the performance and scalability that competing chains continue to push. The race to capture the attention of institutional finance will be won by the network that can not only meet today’s demands but also anticipate the needs of tomorrow. Ethereum is well-positioned for now, but staying on top will require constant evolution.

💬 BlackRock CEO Larry Fink says Ethereum can grow “spectacularly.”

He also states that Bitcoin is an asset class in its own right.

"BlackRock is in discussions with institutions around the world"

"Bitcoin is an alternative to other commodities like gold"

The AI x Crypto narrative is on a tear and
bittensor_
's $TAO token is leading the way 🚀

Here's why 👇

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

As one of the most prominent projects in this space, Bittensor is positioning itself as the project to watch.

At its core, Bittensor is pushing a new frontier: creating a decentralized network where AI models can be trained and shared in a way that aligns incentives for both developers and users.

As the subnet limit is progressively expanded — and eventually removed altogether — the potential for exponential growth within the Bittensor ecosystem becomes clear. More subnets mean more AI models, more collaboration, and more growth for the ecosystem.

Crucially, all this activity increases demand for TAO itself. Since TAO is required to acquire any subnet token, the introduction of dTAO could further fuel its demand, making Bittensor even more attractive to investors.

TAO’s Halving in 2025
Bittensor is approaching its first halving event, slated for late 2025. Much like Bitcoin’s halving cycles, this event will cut the rate at which new TAO tokens are emitted by half.

Currently, the Bittensor network emits 1 TAO as block rewards (7,200 TAO daily) which are distributed among miners, validators, subnet owners, and delegators. However, when the halving occurs (triggered when 10.5 million TAO are in circulation), this emission will be halved to 0.5 TAO per block, reducing the daily supply of new TAO entering the market.

Why does this matter? When the supply of TAO is cut, it introduces scarcity. In any market, reduced supply with steady or rising demand (thanks to increasing subnets and introduction of dTAO) can only lead in one direction: upward.

Now let’s take a look at the macro level things happening in the world of AI that are considered positive for AI x crypto projects like Bittensor.

Issues with OpenAI
OpenAI is at a crossroads. Recently, news broke that OpenAI is transitioning from a non-profit control to a for-profit benefit corporation. Following this restructuring, the company’s valuation has soared to over $150 billion and they’ve raised $6 .6 billion in fresh funding.

Additionally, there’s been recent departures of key executives, including Chief Technology Officer Mira Murati and two other senior executives, raising concerns about potential internal issues.

Nonetheless, there is a broad regulatory squeeze on AI from various jurisdictions worldwide. The fact that centralized AI is subject to regulatory control highlights a fundamental flaw: it's too easy to control.

When a few large companies hold the keys to centralized AI, they become prime targets for government pressure and censorship. This is where decentralized AI platforms, like Bittensor, have the advantage. They cannot be shut down or censored by any single entity, as no one entity controls it.

Closing Thoughts
There’s a lot going right for Bittensor, and the rising token price is just the cherry on top. With existing momentum, the upcoming updates mentioned above, potential EVM support, and ongoing community development – such as the rapid integration of NousResearch’s breakthrough in distributed training into Bittensor – these are all strong indicators of Bittensor’s promise.

In a world where centralized AI is increasingly regulated, censored, and driven by profit motives, Bittensor offers a compelling alternative: a decentralized, community-driven approach that thrives on collaboration, innovation, and shared incentives. And that’s why it’s worth keeping an eye on.

Analysis by arjunnchand✍️

💼 MicroStrategy recently posted a job opening for a "Bitcoin Advocacy Manager" at MicroStrategy's US headquarters.

Primary responsibilities include leading the planning and execution of the annual Bitcoin for Corporations conference and promoting internal and external education programs for corporate Bitcoin adoption.

Mango markets settles with SEC over selling unregistered securities. Mango DAO, Blockworks Foundation, and Mango Labs will pay a $700K fine and destroy their $MNGO governance tokens.

At Solana Breakpoint 2024, Charles d’Haussy, CEO of the dYdX Foundation, discussed the protocols’s upcoming enhancements and muse on Solana’s growth.

While dYdX, one of the crypto industry’s oldest decentralized perpetual exchanges, runs its own sovereign appchain, the platform recently integrated Solana-based assets into its platform.

The move brought greater exposure to a wealth of Solana ecosystem tokens, allowing dYdX traders to express their opinion on assets like $SOL , $JUP , and $WIF .

Drawing on his rich experience in the industry, d’Haussy made fascinating remarks about Solana culture.

Solana Builder Energy
When dYdX governance moved to include more Solana-based assets via a Raydium integration in June, d’Haussy and the dYdX were hesitant to approach the Solana community.

“When we started to reach out to the Solana ecosystem, I was kind of cautious and trying to be gentle, not knowing exactly how we would be welcome for conversations about possible integration”

From an outside perspective, blockchain tribalism formed a perceived barrier to entry. Chain maximalism is a serious obstacle within the industry, which is further exacerbated by obstinate and outspoken communities on social media.

Fortunately, away from the noise and distractions of social media, the teams actually building these ecosystems are eager to collaborate and push the collectively push the industry forward. d’Haussy remarked that the Solana Foundation was welcoming and receptive to working alongside teams from alternative ecosystems in the pursuit of progress.

“We were really warmly welcomed. I think the Solana ecosystem has showed us, you want to connect to the Solana ecosystem and bring more mindshare to the Solana ecosystem via your own chain? How can we help you?… The Solana Foundation has been extremely welcoming, connecting us to plenty of people. And the builders were also very welcoming.”

“Sometimes Twitter makes you think that this is all tribes and they look at each other from afar. But the reality is the real builders and the people which are in the industry long enough and for the long term, they are very friendly and they want to grow the cake for everyone.”

Additionally, d’Haussy asserted that “Solana is like Ethereum five years ago”, highlighting the energy and hunger shown by developers building innovative products. The CEO drew comparisons between the atmosphere of week’s earlier Token 2049 conference and Solana Breakpoint.

“We are just out of three days of Token 2049, which is much more salesy and marketing and towards trading activities, which is really the audience of DYDX. So, that was perfect, we had a blast over there. Suddenly, you wake up the next morning and you're going to Solana Breakpoint.”

“It's a bit of a shock for me because suddenly we are surrounded by devs. So, there is this kind of change of seasons overnight between the projects and the business development atmosphere of Token 2049 and here the business, the atmosphere of building here at Solana.”

Blockchain tribalism is a regrettable obstacle, but easily overcome. As evidenced by dYdX and the Solana, teams from different chains can always find ways to work together in a way that benefits both parties and further advances the space.

PayPal, one of the world’s largest financial platforms, continues its mission to deliver blockchain-based services to users and businesses alike.

On September 25, 2024, PayPal announced it would be enabling U.S. merchants to buy, hold, and sell cryptocurrency assets within their business accounts. The move is the latest in a slew of updates made by PayPal as the TradFi giant continues to embrace the cryptocurrency industry.

U.S. Businesses Can Now Store Funds Onchain
Following the successful launch of crypto services for individual users, PayPal remarked that businesses were eager to meet user’s growing demand for more comprehensive crypto services.

"Since we launched the ability for PayPal and Venmo consumers to buy, sell, and hold cryptocurrency in their wallets, we have learned a lot about how they want to use their cryptocurrency… Business owners have increasingly expressed a desire for the same cryptocurrency capabilities available to consumers. We're excited to meet that demand by delivering this new offering, empowering them to engage with digital currencies effortlessly." - Jose Fernandez da Ponte, Senior Vice President of Blockchain, Cryptocurrency, and Digital Currencies, PayPal.

PayPal’s commitment to providing merchants with expanded crypto services and flexibility goes beyond buying and selling digital assets. Merchants can now withdraw cryptocurrencies to external onchain wallets.

While PayPal has stipulated that this feature will be limited to “eligible” wallets, the move also opens the door to more businesses becoming involved in DeFi. For example, businesses holding capital might be able to lend out assets in various onchain lending protocols, earning additional yield on a merchant’s treasury.

$PYUSD Solana Supply Down 40% Since ATH
Since launching on Solana on May 29, 2024, $PYUSD enjoyed meteoric growth. Spurred on by generous liquidity provision incentives, $PYUSD’s Solana-based supply surged to over 663.4M tokens based on Step Finance data. This eclipsed Ethereum’s $PYUSD supply, making Solana the unofficial home of PayPal’s crypto services.

However, as $PYUSD reward campaigns have slowed and market conditions improved, the supply of PayPal USD on Solana has declined. At its highest point on August 28, 2024, Solana hosted $PYUSD 65.79% supply dominance.

Based on DeFiLlama data, that figure has since fallen to just 50.4%, with PayPal USD’s Solana-based supply currently sitting at 354M.

It's unlikely that PayPal merchants based in the U.S. will rush to bring their stablecoin holdings onchain and deploy them in Solana DeFi protocols. However, the move highlights PayPal’s willingness to respond positively to customer feedback and integrate blockchain technology into its expansive product suite.

It’s here — a crypto game for mass audiences.

Everything you need to know about
@solana
's new mobile shooter -- FTW 🔫👇

========================================
jungle_xyz’s FTW is a fast-paced mobile shooter where players can play casually or win real rewards by competing in tournaments and PVP wagering matches.

While FTW has multiple ways to play—Free-for-Alls, Team Deathmatches, and Extractions (akin to capture the flag)—its main mode is Showdown, where 10 players face off in a 3-minute Battle Royale. Here, players spawn with randomized load-outs of different heroes, weapons, and gadgets and can respawn during the first 2 minutes, battling to rack up points and buffs.

After this, the playing zone starts closing and respawns are disabled until the last player standing claims victory. Along the way, players can pick up new weapons and equipment scattered across the map. These come in four rarity levels: White, Blue, Purple, and Yellow, each offering increased power for an edge as the match progresses.
⚔️ Qualifiers (Mon-Fri): During weekdays, you can play Showdown matches for free and collect points to prepare for the weekend Finals. This mode helps you accumulate upgrades, currencies, and tickets, which will be crucial for weekend competition.

🎖Finals (Sat-Sun): The weekend Finals require one ticket per match, and only these games count toward the leaderboard for prizes. Players can win $USDC , $SOL , in-game rewards, and whitelist spots for Jungle’s Genesis mint — though you must connect your wallet and Discord to be eliglible.

Additionally, there is a Monthly Leaderboard on FTW’s Jungle Discord, where your Finals scores accumulate throughout the month. Players who perform well can qualify for boosted rewards.

How to Get Started:

Additional Features:

🎯 Auto-Aim: FTW lets you choose between manual and auto-aim in its settings. While it may burn through your bullets, personally I’d recommend auto.

💥 Hero Ultimates: Each hero has a unique ultimate ability like airstrikes, poison gas, or shock blasts, which charges up as the match goes on and you rack up more stats.

🧰 Hero and Weapon Upgrades: XP will be earned as you play, alongside crates offering unique boosts which can be used to upgrade your heroes and weapons, increasing traits like their resilience, precision, and speed.

How to Earn:

FTW’s tournaments are where the money’s made, and these events are split into Qualifiers and Finals:

📲 Download FTW: The game is available on the iOS App Store and Google Play in early access worldwide.

✅ Sign Up: Once downloaded, create your account through your email or Google.

🔗 Link Your Account: To qualify for rewards, join the Jungle Discord and complete your profile under the profile channel by linking your FTW account (a code will be provided in the app) and Solana wallet.

🏆 Join Tournaments: Participate in weekly Qualifiers to earn points, and use tickets to join the weekend Finals for a shot at the prizes.

And that's all it takes to get started here!

With mobile games feeling ripe for crypto adoption by augmenting their casual gameplay with onchain rewards, Jungle looks to be flying under the radar as a studio to watch.

Move quickly, though! The last Qualifiers for this first “Play-to-Mint” tournament end on September 27th, though we can expect more down the line.

✍️ by wmpeaster

Jito DAO proposes adopting Jito (Re)staking, shifting its focus from LST governance to the broader Jito Network. The rollout includes migration, staking, and slashing phases, with a new 10bps withdrawal fee for protocol-driven revenue.

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

New Chapter Unlocked: @Solana 🔲

1 ⃣ Multichain Boost: Deblock is fully committed to the diversity of blockchains
2 ⃣ Solana, the fast and economical alternative: Ultra-fast and cheaper transactions.
3 ⃣ IBANs & Solana: Easily switch to fiat currency with our integrated IBANs.

Ready to explore? 🌐

🟠 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

SOLANA BREAKPOINT: The Biggest Announcements From Day One
Hopes were high for some big announcements, but even the most devout Solana maxi wasn’t ready for this.

Over 5,700 Solana fans, users, and bulls descended on day one of Singapore Breakpoint. The biggest conference event in Solana history, Breakpoint delivered a wrath of key updates, with crucial developments announced from both native teams and institutional players.

If you weren’t at Breakpoint, here’s what you need to know:

FIREDANCER LIVE ON TESTNET
Solana users and investors alike were delighted to see Kevin Bowers, Jump Crypto’s Chief Science Officer take the stage to deliver one of the network’s most eagerly awaited updates.

Firedancer, the novel validator client promising to bring unparalleled levels of scalability, decentralization, and security to Solana, is now live on testnet.

But that’s just the tip of the iceberg. Bowers also took the opportunity to outline the development history of the client and its evolution from Frankendancer, an experimental synergy of existing software with Jump’s new codebase, to the optimized final Firedancer product.

To rounds of raucous applause from the Solana faithful, Bowers announced that the existing Frankendancer client is now live on the Solana mainnet.

FRANKLIN TEMPLETON BUILDING ON SOLANA
While existing SOL ETF applications find themselves unlikely to be approved in the short term, that doesn’t mean that TradFi giants aren’t eager to launch Solana-based products to their institutional clients.

Franklin Templeton, one of the world’s largest financial players boasting over $1 .3T in AUM (Assets Under Management) announced its intention to launch a mutual fund on the Solana blockchain.

CITIBANK EXPLORING SOLANA
Franklin Templeton, 21Shares, and VanEck aren’t the only Wall Street players with an eye on crypto’s most performant Layer-1.

Citibank, the fourth largest bank in the United States, shared that it was exploring Solana’s potential, suggesting that seamless money transfers and advanced smart contract composability present unique opportunities in the future.

JUPITER MAKES BIG MOVES
Traditional Finance may have dominated the headlines, but Solana-native DeFi teams also commanded their fair share of the spotlight.

Jupiter co-founder Siong presented an immense range of updates coming to Jupiter’s expansive ecosystem. Crucial announcements included a refreshed v2 perps platform, the reveal of the Ape Pro memecoin trading platform, further details surrounding the Jupiter mobile wallet, and Jupiter’s acquisition of the SolanaFM explorer.

SKY, FORMERLY MakerDAO, DEPLOYS ON SOLANA
MakerDAO, one of the crypto industry’s longest standing DeFi protocols, recently rebranded to SKY, migrating its iconic decentralized stablecoin from $DAI to $USDS . Building on top of the momentum achieved with the rebrand, SKY announced a proposal to leverage Wormhole’s cross-chain infrastructure to bridge $USDS to Solana.

Reinforcing SKY’s desire to be present on the Solana network, the protocol announced an rewards campaign to incentivise deeper liquidity on the network. According to SKY governance, the maximum distribution of weekly rewards is capped at 2M $SKY .

The move helps to bring greater stability to Solana DeFi by providing a more diversified range of stablecoin assets onchain.

Continuing the trend of Solana migration, the Huma Finance PayFi network also announced its intention to launch on the network.

PayPal's José Fernández states that Ethereum isn't the best solution for payments, prompting their launch on Solana, which offers token extensions, lower costs, and can process 1,000 transactions per second, ideal for mainstream adoption.

- Breakpoint 2024

New to Maestro or just need a quick refresher? Check out the latest reviews from your go-to blog channels.

Read up and join in on the action! 👇

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#MaestroBots #TradingBot #Ethereum #Solana #TRON #Base #Arbitrum #BinanceSmartChain #Avalanche #AVAX #Metis #LINEA #TON #OpenNetwork

Eric Trump says that World Liberty Finance will sell governance tokens only to accredited investors, and the tokens will not be transferable.

Phantom has introduced custom usernames, which enables users to send and receive crypto with personalized names instead of wallet addresses. The update includes synchronized settings across devices and a built-in address book.

♦️MUMMAT POKER TOURNAMENT♥️

🗓️Day: September 13th.
⏰Time: 22:00 (UTC+2).
✅ Place: https://t.me/MummatSolana

New poker tournament for our community! It’s time to face off, see who’s the best, and build some real brotherhood.

300k $MUMMAT for the WINNERS 🏆 Don’t miss out!

#MUMMAT

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

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 👇

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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. 👇

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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

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.

NFT marketplace Magic Eden has announced the launch of separate websites for international users and 🇺🇸 U.S. users. The move comes after OpenSea received an SEC Wells Notice.

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.