$2 ,000 ETH: ETH is dead
$3 ,000 ETH: The rollup-centric roadmap was a mistake
$4 ,000 ETH: Rollups are parasitic
$5 ,000 ETH: Rollups are symbiotic
$6 ,000 ETH: Vitalik was right
$7 ,000 ETH: AI's prefer ETH
$8 ,000 ETH: ETH is the future
$10 ,000 ETH: ETH is money

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?

You DO NOT have time to death scroll Instagram and TikTok

Based Rollups

What are they, why do they exist, and which projects are already making waves?

A 101 explainer 👇

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

Scaling #Ethereum has been one of the most discussed challenges in crypto.

To address this, the community chose a rollup-centric approach. The idea is simple: Instead of hosting all applications on Ethereum, the focus is on rollups that offer faster, cheaper transactions while still settling back on Ethereum. As a result, you get faster, cheaper transactions, but still keep Ethereum’s security.

They're bringing more users and value to Ethereum, however, concerns remain about their reliance on centralized sequencers and liquidity fragmentation across chains.

This is where based rollups come in. They integrate more closely with Ethereum's infrastructure, helping retain value within the ecosystem. This new method of building rollups could bring additional value to Ethereum and $ETH .

What are Based rollups?
Based rollups, or L1-sequenced rollups, are a type of rollup where the base L1 chain, like Ethereum, manages transaction sequencing directly.

Unlike traditional rollups that rely on their own sequencers, based rollups tap into the security, liveness, and decentralization of the L1 by outsourcing transaction sequencing to the L1’s infrastructure. This infrastructure includes proposers, searchers, builders, and other actors who permissionlessly include based rollup blocks in L1 blocks.

How do Based rollups work?
Based rollups use the L1 for consensus, data availability, and settlement layers, while handling execution independently. For instance, when Ethereum is the base L1, the key layers of based rollups are as follows:

1. Execution Layer — Managed by the rollup itself, where transactions are executed off-chain.

2. Consensus Layer — Relies on Ethereum validators to sequence transactions.

3. Data Availability Layer — Uses Ethereum as the DA layer to ensure that transaction data is available for validation by anyone.

4. Settlement Layer — Also part of Ethereum, where final transaction states of the rollup are recorded.

Based rollups use Ethereum for everything from ordering transactions to settling them. While this approach may not seem radically different from traditional rollups, it fundamentally shifts how sequencing is handled. Instead of relying solely on separate sequencers, based rollups leverage Ethereum itself for transaction sequencing.

Why based rollups?
As Justin Drake outlined in his original post, based rollups are worth your attention for several reasons:

1. Inherited Liveness and Decentralization — One of the key advantages of based rollups is their ability to inherit the liveness guarantees of the base L1 chain. As long as the L1 is operational, so is the rollup.

2. Economic Alignment with L1 — The economic model of based rollups creates a mutually beneficial relationship with the L1. Priority fees and MEV from these rollups naturally flows to the L1. This synergy doesn’t just add value to the base layer, it also boosts the legitimacy and brand awareness of the rollups themselves, thanks to Ethereum’s community.

3. Cost Efficiency — Outsourcing sequencing to Ethereum reduces development costs, accelerates time to market, and lowers user costs (especially at scale) for based rollups.

However, based rollups have trade-offs. They sacrifice some profitability by relying on Ethereum for sequencing, missing out on priority fees and MEV. Additionally, they contend with Ethereum's inherent challenges, such as slow block times, which can cause latency issues.

There's a real debate that these changes might compromise the simplicity and security that initially made based rollups appealing.

📅 **Weekly Outlook Sep 30 - Oct 6** 📅
Stay updated with key news & events in finance and crypto! 🧵👇

---

📰 **News/Sentiment:**
- FED tracking econ data for rate cuts 📊
- Neutral stance, less dovish than expected 🕊️
- Eyes on Sept Jobs, ISM Manufacturing, Jobless Claims 📈
- Investors expect continued rate lowering 💸
- Goldman: Stocks pricier on ROE premium 📉
- BofA forecasts a soft landing 🌤️

---

📅 **Events This Week:**

**Monday:**
- 🇬🇧 UK: GP
- 🇩🇪 GER: CPI
- 🇺🇸 US: Powell Speaks 🎙️

**Tuesday:**
- 🇪🇺 EUR: Core CPI, CPI
- 🇺🇸 US: PMI, Fed GDP Now, Job Openings
- 📈 Earnings: NKE 👟

**Wednesday:**
- 🇪🇺 EUR: Unemployment 📉

**Thursday:**
- 🇺🇸 US: Jobless Claims
- 🇨🇳 CNY: CPI 🇨🇳

**Friday:**
- 🇺🇸 US: Labor Participation, Nonfarm Payroll, Unemployment Rate 📊

---

⚖️ **Risk Appetite:**
- Truflation: 1.5% 📉
- Market Fear/Greed: 75 🤑 Extreme Greed
- Market Breadth: Extreme Greed 🚀
- Put/Call: Extreme Greed
- Junk Bond vs. Investment Grade: Fear ⚠️
- AAII Sentiment: 3% off 1yr bullish 📈
- Crypto Fear/Greed: 50 Neutral 🪙
- High Yield Bond Premium: 3.68% 🔺
- High Yield Effective Yield: 7.8% 🔺

---

📊 **Market Breadth:**
- % of $SPX > 200D MA: 62% ↔️
- % of $SPX > 50D MA: 65% ↔️
- % of $SPX > 20D MA: 68% ↔️
- NASDAQ New Highs - Lows: 57
- SPY 52W Highs - Lows: -44
- SPY New H/L: Monthly 147; Weekly 19 📉

---

🔍 **Other:**
- Fed Rate Monitor: 30% chance of 50bps, 70% chance of 25bps 📉🔮

---

Stay informed and make savvy moves this week! 💰🚀 #Finance #crypto #MarketUpdate

---

Introducing the BullVerse Loyalty Program 🏆

Our Loyalty Program is designed to reward users for their commitment and engagement with our platform. The program will gradually roll out with badges and additional benefits. A task management widget is available to help you track your progress and see how close you are to unlocking your next rewards.

Here’s how it works👇

👉 Each level in the loyalty program unlocks new perks and exclusive features. As users advance through the levels, they gain access to more rewards.

👉 Our program uses a points-based system to calculate your rewards and bonuses. The more points you accumulate, the higher your level and the better the rewards.

👉 We encourage users to upgrade their levels by completing tasks and earning points. Moving up the levels provides more benefits, enhancing their experience.

—————

🎁 Perks and Rewards: Level upgrades gives you access to exclusive benefits such as automatic withdrawals, special bonuses and reserved-features.

🎁 You will start receiving rewards to your wallet as soon as you complete Level 3. Users who complete Level 3 will also unlock the ability to process automatic withdrawals.

‼️ Important: Any attempt to manipulate or trick the system will result in an immediate downgrade or disqualification from the loyalty program.

🙏 The widget has been made live, and those who started using it helped us discover a few issues that have since been addressed.

We encourage everyone (community members & team members) to upgrade their levels as soon as possible.

The only way to reach a new level is by completing the assigned tasks.

What's next ?
Stay tuned for our next announcement regarding giveaways launching very soon on BullVerse, our next big step to bring engagement, revenue and users to the platform !

The Bullverse team is rolling out a set of features...

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

Presenting at Breakpoint 2024, FluxBeam and RugCheck founder Scott Hague unveiled a litany of new product updates to the comprehensive DeFi platform.

Hague shed more light on some new features and promising developments in scam prevention and interception on the Solana network.

DIVING DEEPER INTO FLUXBEAM INFINITY
FluxBeam Infinity introduces a multitude of competitive new features to the decentralized exchange platform. Taking the stage at Breakpoint 2024, Hague highlighted the key tools that promise to improve the terminal’s user experience, including improved speed, unified data aggregation, and advanced limit orders.

In addition to these features, FluxBeam Infinity will also implement complex automated trading tools. Users will be able to design customizable trading algorithms, drawing from both onchain and offchain events.

“Obviously, the automation is our big key thing this year, whereby we really want to allow users to come in and trade on any news, whether that's on-chain, off-chain, even the weather if you want to, but be able to take that data, make actionable insight from it and then trade automatically on-chain. Similar to algo trading in TradFi.”

As part of the new data aggregation, Fluxbeam is also implementing sentiment analysis. This essential tool helps traders accurately gauge market sentiment surrounding certain assets by tracking discussion through various forms of media.

With over a decade of experience in AI, Hague is well-equipped to ensure that Fluxbeam’s sentiment analysis won’t fall victim to artificial commentary. When asked what countermeasures Fluxbeam’s sentiment has taken to combat false commentary, Hague asserted:

“We run essentially a scoring system similar to RugCheck on every single account and say, okay, well, this is a high likelihood of being a bot or this is a high likelihood of being an influencer. Influencers obviously can't, they can to an extent fake their following base, but they can't really fake their engagement over a long period of time.”

While suggesting that analyzing social media commentary is a relatively simple affair, Hague concedes that tracking sentiment from news sites is more nuanced. Fluxbeam combats this by only pulling sentiment data from reputable sources, a strategy Hague admits “comes with its own bias”.

NEW $FLUXB DEFLATIONARY MECHANICS
The rollout of Fluxbeam Infinity is expected to coincide with new token mechanics that aim to provide value to $FLUXB , the platform’s native asset.

Fluxbeam Infinity will implement a new buyback-and-burn algorithm. The mechanism introduces a fee split to Fluxbeam Infinity’s powerful new features, with 50% of accrued platform fees being used to buy $FLUXB off the market and permanently remove tokens from circulation.

“With our new products of both the advanced limit orders and automation, all of that is actually going to have a fee split on it where we start to burn down $FLUXB . Every time there's a trade or something like that, we take a small fee, split 50-50, and then that $FLUXB will slowly start to burn down just so we can get the supply down and really start to reward our long-term holders.”

In addition to the new burn feature, Hague confirmed that Fluxbeam intends to launch a Season 2 incentives program to reward platform users.

RUGCHECK ENGAGES EXCHANGES TO INTERCEPT ONCHAIN SCAMMERS
Alongside FluxBeam, Hague has also spearheaded the development and growth of RugCheck, one of Solana’s most popular security tools. Over the past year, Solana traders have generated over 100M token reports via RugCheck, trusting the protocol’s analysis to gauge the safety of onchain assets.

Over the course of the last year, RugCheck has built up a significant database of scammer wallets and their associated CEX accounts and off-ramping pathways. Scammers often use CEX accounts to launder and obfuscate funds.

Daily Memecoin Recap - September 21

Feels good to see $sol almost above $150

Moo Deng Is King
$moodeng -> $27m to $60m (2.22x)
- World's most viral baby hippo
- Normie approved

Baby Animals
$pesto -> $1 .22m to $3 .43m (3.63x), viral baby penguin, largest baby penguin in existence
$toto -> hit $1 .12m, baby elephant
- Following $moodeng 's success, people are turning to other baby animals

Mitch Pushes A Meme
$wawa -> $61k to $3 .32m (54x), CTO, cat meme, pushed by idrawline
$wowo -> hit $372k , dog version & beta of $wawa

ETH memes
$terminus -> $528k to $10 .5m (19.88x), First City on Mars Terminus, community-managed, inspired by elonmusk
$doggo -> hit $20 .73m
$moodeng -> hit $14 .89m, $eth version

Hehe Pushes
$hehe -> $3m to $30m (10x from the low)
- Launched in June
- Pushing for ATH

High Volume Memes
$sol -> hit $2 .63m, Sol-Chan, cat adopted from the same shelter as $neiro and $doge
$gif -> hit $958k , CTO, good meme idea, just a bunch of gifs

More Cooks
$ily -> $500k to $4m (8x from the low), cat meme, launched in July
$trolli -> $156k to $350k (2.24x), new ATH, community launched token after 6ix9ine's dog
$puff -> hit $2 .58m, cat meme
$uptober -> hit $461k
$kawiza -> hit $438k , meme going around CT
$bbw -> hit $219k , "Bullwhale"
$ozempic -> hit $170k

I need to stop sleeping on $eth cooks

Long live $bobo tho

MagicBlock raised $3M in pre-seed funding to develop infrastructure for fully on-chain games and apps on Solana.

Using novel Ephemeral Rollups, MagicBlock will reduce latency, aiming to boost Solana's gaming ecosystem.

Andrew Tate guarantees you success if you join The Real World instead of WASTING YOUR TIME.

“You don’t have time to message stupid girls, or scroll instagram or dm wh*res”

Daily Memecoin Recap - September 15

Volume is picking up, today was very decent

SCF Lead Gone Rogue
$scf -> hit $2 .67m, new one
$scf -> $37m to $24 .4m (-34%), OG
- SCF's CTO lead feels betrayed by the team
- He decided to launch his own $scf on moonshot
- He claims he will airdrop all OG $scf holders
- $132k + in LP Rewards
- Read through his tweets for more info: PastorKelby

DeGods Launches A Coin
$degod -> hit $326m , hit a low of $52m , now sitting at $92m
- Heavily sniped on launch
- Degods is simplifying their entire ecosystem into a single asset

Iggy Azalea Come Back
$mother -> $32 .5m to $62 .11m (1.91x), whales have been loading up,

Moonshot Launches
$shawk -> hit $3 .35m, hyped launch, $72k + in LP Rewards
$rollie -> hit $438k , $8k in LP Rewards

Moo Deng Wants More
$moodeng -> $1 .54m to $4 .98m (3.23x), viral hippo

Cat Memes
$tole -> $10k to $615k (61.5x), cat meme launched on July 17, CTO started today
$fade -> $183k to $726k (3.96x), "Don't Fade me"
$yumi -> hit $155k , cat meme

More Cooks
$abcde -> $1 .98m to $3 .72m (1.87x), pushing for ATH
$wog -> $285k to $1 .11m (3.89x), $fwog + dog
$ball -> $70k to $615k (8.78x), "Ball Up Top", viral meme
$immortal -> hit $468k , r

Thoughts on the SCF situation? Hope some of you cooked on the new one 🤝

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.

$POPDOG is rolling up in style to MediaGiraffes (https://x.com/MediaGiraffe...)
space who is part HelloMoon_io (https://x.com/HelloMoon_io) one of our favorite partners! 🐶🌕

$POPDOG is speaker! Come hang out and support! 🐶🎤

https://x.com/MediaGiraffe...

🇻🇪 Maria Corina Machado of Venezuela's opposition party called Bitcoin a "lifeline" for Venezuelans and a way to bypass the government-controlled exchange rate.

She proposed including Bitcoin in Venezuela's future national reserves.

Bitcoin as a "vital means of resistance" for Venezuelans suffering from hyperinflation under the Chavez and Maduro regimes.

“We envision Bitcoin as part of our national reserves, helping to rebuild what the dictatorship stole.”

Mercuryo, a Web3 payments provider, has announced the rollout of Spend, a virtual debit card promising to streamline crypto payments.

Complete with Apple Pay and Google Pay compatibility, Spend facilitates payments directly from Solana wallets to over 90M Mastercard merchants across the globe.

WHAT IS SPEND??
Mercuryo’s Spend allows wallet apps to integrate virtual Mastercard debit cards directly into their applications. Through the Spend Card, Mercury promises to enable the crypto community to use their crypto assets to “spend on anything. Anytime. Anywhere.”

Spend aims to provide a fast and cost-effective method for crypto users to convert and spend their digital assets from their wallets. Beyond the simplicity of Mastercard, Apple Pay, and Google Pay integration, Spend also offers card customization, meaning wallet providers can incorporate their logos into virtual cards.

Spend is fully self-custodial, meaning users have full control over any assets deposited into the card account. Additionally, the platform offers multi-chain support, including Solana, Ethereum, and PolkaDot.

As part of the announcement, Mercuryo teased that several leading Web3 wallets will be adding Spend in the near future. SolanaFloor engaged Mercuryo for comment on the matter but is yet to receive a response.

Why Web3 Needs Better Off-Ramps
Since the birth of the industry, crypto companies have focused tirelessly on streamlining the flow of funds into decentralized economies. According to Mercuryo, “on-ramping is now a user-friendly process, and users can purchase crypto with ease.”

While onboarding has become easier with exchanges and third-party apps readily available, bringing funds back into the real world still poses significant barriers. Mercuryo argues that the biggest struggles facing crypto off-ramping are:

1. Poor UX of existing solutions - Users need to jump through a variety of hoops to withdraw funds. Many platforms are only available in certain regions and popular offboarding platforms offer limited support outside of mainstream cryptos.

2. Bank restrictions - Traditional banks often block payments from crypto-related companies and freeze accounts suspected of interacting with cryptocurrency.

3. Extortionate fees - Third-party apps and intermediaries can charge high fees on crypto-to-fiat withdrawals, discouraging users from transferring funds.

Slow processing times - After becoming accustomed to rapid, permissionless transfers onchain, crypto-to-fiat withdrawals can feel slow and cumbersome.

While the industry loves to discuss and promote progress and efforts toward crypto onboarding, finding seamless methods of getting funds off-chain is equally important.

Mercuryo’s commitment to simplified crypto off-ramps helps to legitimize digital currencies as meaningful financial tools. Through the Spend card, millions of crypto users may be able to enjoy improved access to their funds in real-world contexts, solidifying the role of cryptocurrency in the Web2 world

$POPDOG is speaker at this MEME shill Space. Come roll up in style and hang out!

https://x.com/DizzyWhaleCa...

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

Sharpen Your Skills In A Slow Market

When volume is low, it's the perfect time to hone in on your trading

- Learn how to read a chart (even if it's just basic support/resistance)
- Learn more about using RPC's, private nodes, private trading bots, snipers, etc.
- Make a list of the most important twitter accounts to follow
- Focus on spot trading (avoid leverage)
- Develop a system for wallet tracking
- Write down some goals that you'd like to achieve this cycle
- Make a plan for taking profit
- Focus on market psychology & controlling your emotions
- Study risk management
- Study Macroeconomic trends
- Network, Network, Network

Prepare yourself now so that when the bull market peaks, you’re ready to maximize your profits

📊 Weekly Outlook: September 2-6 📊

Market News & Sentiment 📰

- BCA research warns of AI sector slowdown impacting stock market more than economy 🤖- Labor market weakness expected to continue 💼
- Fed blackout period begins after September 6 🗣️
- Market anticipating 25bps rate cut in September 📉
- Analysts forecast 2 more ECB rate cuts by year-end 📊

Events This Week 📅

- Monday:
🇬🇧 UK Manufacturing PMI 📊

- Tuesday:
🇺🇸 US Manufacturing PMI, Fed GDP Now 📊

- Wednesday:
🇪🇺 EU Composite PMI, Services PMI 📊
🇨🇦 CAD Interest Rate Decision 📈
🇺🇸 US Job Openings, Beige Book 📊
Earnings: Dollar Tree 📊

- Thursday:
🇺🇸 US Jobless Claims, Fed Balance Sheet 📊

- Friday:
🇪🇺 EU GDP 📊
🇺🇸 US Payroll Data, Participation Rate, Unemployment 📊
Earnings: Kroger 📊

Risk Appetite 🤔

- Truflation: 1.55% 🔥
- Market Fear/Greed Index: 63 (neutral) 📊
- Market Breadth: Extreme Greed 🚀
- Put/Call Ratio: Neutral 📊
- Junk Bond vs Investment Grade: Fear 😬
- AAII Sentiment: 2% off 1-year bullish high 📈
- Crypto Fear/Greed Index: 28 (Fear) 😨
- High Yield Bond Premium: 3.15% (slight decrease) ⬇️
- High Yield Effective Yield: 7.8% (slight increase) ⬆️

Market Breadth 📈

- SPX stocks above 200D MA: 62% (increase from last week) 📈
- SPX stocks above 50D MA: 66% (increase from last week) 📈
- SPX stocks above 20D MA: 79% (substantial increase from last week) 🚀
- NASDAQ new highs - new lows: 61 📊
- SPY 52-week highs - 52-week lows: -7 📊
- SPY New highs - New lows: Monthly 114, Weekly 93 📊

Other 📊

- Fed Rate Monitor Tool: 70% probability of 25bps, 30% probability of 50bps 📊

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? 🤔

Solana Optimistic Network secures funding in a "cobuilder" round, backed by Solana Foundation's Lily Liu, Solana co-founder Aeyakovenko, and others. SOON, a Solana Virtual Machine (SVM), claims to be "the most efficient rollup stack."

Memcoin madness on TRON. What I understood in 5 days of intensive research 🤨 You haven't missed anything yet. They are trumpeting about TRON from all the cracks, but we only get it in + / SUNDOG breaks through another ATH (already 270M). Commission fees on Tron are already limited by fees on pumpfan, so it doesn't pass by: ⚡️ Dry Alpha - Prime time for trading 2:00 - 10:00 UTC ;
Why? Because at this time China begins to become active. The Tron is a Chinese palace after all.

There are also rackets during the day (and they can also be deceived by various schemes), but if you study millionaires like SUNWUKONG, today's TROGE, etc., you will notice that they were launched in the morning.

— As blue shields are branded by BASE, so the throne loves the color red, so the bulk of the shooting tokens are copies of already known memes, repainted in red.
Why? For the same reasons that determine prime time - China shows music.

— The throne shields are very volatile. -50% on the throne feels like -10% on corned beef. To put it simply: you liked the shield - wait until it is rolled into -90%

Malaysia disposes of 985 bitcoin mining rigs

Malaysian authorities disposed of 985 bitcoin mining rigs worth $427 ,000 by rolling on them.

The equipment was disposed of as part of a court order. The equipment had previously been confiscated by police during an investigation into illegal mining.

According to local media, only the casings of the machines were crushed by the roller as a symbolic gesture.

Attention to the question: where will the insides of the bitcoin mining rigs go?😏

gm! scrolling Bullverse and chilling on the beach is so nice😎 #GM #crypto #chill @bullverse

Just a normal morning stroll.

PREMIERE:

Is the crypto bull market over, or just heating up?

Plus, prediction markets enter SenWarren's crosshairs, GaryGensler
's enforcement budget faces cuts, & the Trumps get into DeFi?

All that & more in the ✨ Weekly Rollup ✨
http://bankless.cc/DeFiant

Weekly Rollup 📺🗞

w/ sassal0x!

🟠
realDonaldTrump spoke at TheBitcoinConf in Nashville, what got the loudest cheer?
📊 ETF flows continue -- how are things looking?
🐻 California is transitioning car titles to avax?
➕ all that and more...

Jump in 👇