🕊️ Changpeng Zhao will be released from prison next week.

Former CEO of #binance to be released from prison next week after serving 4 months on money laundering charges 💸

Although he can no longer hold a senior position at Binance, he remains a majority shareholder and will be able to influence the company's long-term goals.

Mea culpa: SEC “regrets” having maintained confusion around the nature of certain cryptocurrencies.

In a complaint against #binance , the SEC admits that it regrets any confusion caused by the use of the term "security."

The admission comes as SEC Director Gary Gensler is under pressure, with critics including the presidential candidate realDonaldTrump calling for his replacement 🔄

This recognition could herald a change of direction for the regulation of cryptocurrencies in the United States 🇺🇸

🔴 Coinbase accused of manipulating the price of Bitcoin, its CEO denies it.

Rumors claim that coinbase would issue IOUs instead of actually holding #Bitcoin , which could ease buying pressure on the market 📉

Coinbase CEO Brian Armstrong highlights the transparency of the audits conducted each year by Deloitte .

🚨 According to Vitalik Buterin, solo staking is the key to Ethereum's security.

Vitalik Buterin discussed the risks posed by centralized entities and the role Solo Stakers play in protecting the network from attacks, to ensure its resilience and long-term viability.

Solo stakers are individuals who stake their cryptocurrencies without going through third-party services, centralized entities, or staking pools.

Meta Will Use Public Data From Adults In The Uk For Artificial Intelligence Training

Meta will start using publicly shared content from adult users in the UK on Facebook and Instagram to train its artificial intelligence models. The company will assess publicly available information, such as posts, comments, photos, and descriptions, from users on both platforms.

Meta emphasized that its AI is designed to reflect diverse global communities and plans to expand its AI initiatives to more countries and languages later this year. The company clarified that it does not use data from accounts of individuals under 18 in the UK.

In July, Meta halted AI assistant deployments in the EU following an order from the Irish Data Protection Commission (DPC) due to data privacy concerns. Meta claims it uses Facebook and Instagram user data with their consent and offers an option to opt out.

UK-based adults on Facebook and Instagram will receive in-app notifications detailing Meta's data usage practices and offering an option to object to the use of their data for AI training. Meta stated that it will accept all existing and new objection forms.

The DPC, responsible for enforcing the General Data Protection Regulation (GDPR), is intensifying its oversight. On September 12, it launched a cross-border investigation into Google Ireland Limited to determine if it complies with EU data protection laws in developing its AI models.

The investigation will focus on the use of EU citizens' personal data in training Google’s advanced language model, Pathways Language Model 2 (PaLM2), introduced on May 10, 2023.

The DPC also investigated the social media platform X and concluded the investigation after X agreed to meet the necessary compliance standards. On September 4, X agreed to stop using personal data of EU and European Economic Area (EEA) users to train its AI chatbot, Grok.

Binance Has Advised Cryptocurrency Users To Be Aware Of The "Clipper" Malware

A global malware threat is currently targeting cryptocurrency users, causing significant financial losses by altering withdrawal addresses. Known as "Clipper malware," this malicious software manipulates copied wallet addresses during transactions, redirecting funds to the attackers' wallets without the users' knowledge.

Only Trust Yourself

All bears are suddenly bulls because we're up 3% today

When we're down 3%, they're all going to flip back to being bears

Develop your own thesis, make a plan & stick to it

Never take trades solely based on someone else's opinion

Block out the noise

The US is urging Nigeria to release Binance employee Tigran Gambaryan, detained since February. US officials, including Secretary Blinken, have raised concerns over his deteriorating health, pressing for his release on humanitarian grounds.

Based on my data from all the entries in the No Rugs Channel, since Monday, there is only one token that didn't go above 20%

This put the channel at a 94,45% win rate since the last update; something that you could never find in any other group or channel.

https://t.me/norugstrendin...

🇺🇸 Gary Gensler Under Investigation by Congress. SEC May Have Screened Hires Based on Candidates' Political Affiliation.

Released emails show that the director of the Trading and Markets division of the SECGov , Dr Haoxiang Zhu, allegedly made comments suggesting selection based on political affiliation 👀

The House of Representatives believes that an investigation is necessary to verify a possible discriminatory recruitment policy.

If proven, this could constitute a violation of the Civil Service Reform Act 1978 ⚖️

Based on the success of the No rugs Trending Entries on Solana, I will be creating shortly a No rugs for Tron.

It will be based on the token info updates because new trending entries on Tron are still incredibly rare. I will also be giving data on the token performance.

🚨 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).

🇺🇸 North Carolina passes anti-CBDC bill.

The North Carolina General Assembly passed a bill that prohibits state involvement in testing a CBDC

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.

🔥 AMAZING 🔥

How much money needs to COME IN for #Bitcoin to reach 1 MILLION DOLLARS ⁉️

💥 Professional trader, Willy Woo, did some calculations to estimate how difficult it would be for bitcoin to reach million dollar figures.
💥 All your analysis is based on a conservative scenario

👉 According to their projections, $5 TRILLION of investment in bitcoin is needed to reach this goal, that is, 1% of the world's WEALTH assets.

▪️ The Market Cap of #Bitcoin would reach 19 trillion dollars if this happened.
▪️ This chart shows the size of OTHER markets compared to the overall crypto market….
▪️ The STOCK market has a market capitalization of no less than 106 trillion dollars

👀 A $19 trillion market cap for Bitcoin is certainly NOT FREAKY compared to other markets.

Daily Memecoin Recap - September 8

Moonshot is starting to get attention after Mitch pushes a coin based on the fact that you can get paid LP fees

Get Paid To Hold
$husky -> hit $2 .14m, pushed by idrawline, $212k in LP rewards
$lpdog -> hit $271k , LP Dog, $18k in LP rewards
$rugs -> hit $219k , $6k in LP rewards
$pepe8bit -> hit $141k , $7 .5k in LP rewards
- Memecoin devs & top 50 holders on moonshotdotcc get paid fees from MeteoraAG's LP pool
- The creator of the coin gets 20% of rewards from fees
- The top 50 holders AT THE TIME OF MIGRATION get 70%
- 10% goes to moonshot
- This encourages people to hold & seems to be creating a temporarily new meta

Bullish Tickers - Play On Words
$btc -> $1m to $2 .48m (2.48x), "Big Titty Chicken"
$roi -> hit $679k , "Retarded Online Investment"
$fag -> hit $326k , "Flying Autistic Gummybear", good holder count, patty_fi onboard
$wait -> hit $313k , "Correction Guy"
$ape -> hit $295k , "Ape Life Savings"
$pub -> hit $216k , "pure unadulterated bliss", twitter community

Pepe On Sol Silently Reviving
$pepe -> $1 .46m to $9 .6m (6.57x), originally was heavily pushed by Pauly, his twitter has been suspended

Hyped Launch
$pumpy -> hit $4 .4m, "PUMPY NO DUMPY", KOLs onboard

More Cooks
$d .o.g.e -> $330k to $4 .6m (14x), "Dep of Gov Efficiency"
$r /gustav -> hit $696k , "Reddit Bull", same meta as $r /snoofi
$justcats -> hit $389k , "Cats are always the meta"
$pol -> hit $244k
$pez -> hit $180k , "PEZ Dispenser", nostalgic
$drift -> hit $153k
$bingus -> hit $143k

Market sentiment can flip at any moment - be prepared 🤝

🚨 BREAKING 🚨

This is crazy:

Interest expenses on the US federal debt have surpassed a RECORD of $3 billion PER DAY.

TRIPLING the amount paid 10 years ago and DOUBLING the amount paid just 2.5 years ago 😅💸

The bubble just keeps getting bigger, and the worst thing is that they are not doing anything to try to stop it...

Thanks Satoshi for getting us out of this... #Bitcoin

📆 13 years ago, on September 7, 2011, 2008 Nobel Prize winner in economics Paul Krugman accused Bitcoin of being a “dumb money.”

10 years later, on September 7, 2021, El Salvador became the first country in the world to adopt Bitcoin as legal tender.

Sorry 🤭

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.

🚨 Three good economic news are to be highlighted today:

👉 Job creation in the non-agricol sector from 89,000 to 142,000.

👉 The unemployment rate has increased from 4.3% to 4.2%

👉 The average hourly wage on the rise

And I'm still talking about recession 🤦🏽

🇻🇪 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.”

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

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

Nyan Heroes, a Solana-based hero-shooter game, goes mainstream and gets featured by Epic Games. The game ranks Top 4 on the most wish-listed list.

WHAT ARE THE BIGGEST OBSTACLES TO DePIN GROWTH??
In a recent appearance at ETHToronto, Frank Mathis highlights the next steps for DePIN’s future.

GenesysGo founder Frank Mathis is no stranger to the highs and lows of crypto’s thriving DePIN sector.

Drawing on his years of experience, Mathis joined other DePIN thought leaders at ETHToronto, including Helium COO Scott Sigel, to discuss the future of the sector.

“If DePIN solves that, DePIN is inevitable”
Like many passionate crypto community members, DePIN advocates staunchly argue that DePIN is inevitable. Speaking to hundreds of crypto enthusiasts at ETHToronto, Mathis offered a refreshing point of view.

The GenesysGo founder argues that value creation for contributors is one of the most integral aspects of running successful DePIN networks. Mathis highlighted that, while DePIN promises to reward contributors as decentralized software scales, “it’s shocking how much of that is running on AWS and Google Cloud.”

For example, over 50% of Ethereum node operators are hosted on AWS, Hetzner, and OVH servers.

Reiterating the importance of wealth creation for contributors, Mathis contends “what DePIN really is, is an attempt to take one of the most centralized layers of the stack and decentralize that amongst the people such that they start to participate in the growth and success of these models.”

GenesysGo’s ShdwDrive is one such example. The decentralized storage solution empowers users to earn $SHDW tokens by providing unused mobile storage to a distributed network, directly generating income from a device that lives in their pocket.

Reflecting the ideal DePIN model proposed by Mathis, network contributors benefit from the growth and success of the platform. The GenesysGo founder reinforced this notion, opining “DePIN is only as inevitable as the value that participants in the network get from it… if DePIN solves that, DePIN is inevitable.”

POOR PERFORMANCE “ONE OF THE BIGGEST FAILINGS OF DePIN”
On paper, the benefits of DePINs are obvious. However, in practice, these platforms often sacrifice performance and scalability in favor of decentralization. While this aids in value creation for contributors and increases security, it actually hamstrings performance and growth.

DePIN is often considered the natural evolution of the sharing economy, which delivered iconic businesses like Uber and Airbnb.

Drawing parallels between the pearls of the sharing economy and emerging DePIN projects, Mathis illustrated that “Uber became highly successful, not just because you’re able to share in pieces of things you don’t use everyday.. but because it worked well, it was fast, it was easy to use.”

Mathis argues that for DePIN projects to truly take off, they need to rival the performance standards set by centralized industry leaders. Referencing his experience with GenesysGo, the founder posits “in our case, our first principle [is] decentralized storage needs to be as fast, as secure, as stable, and perform every bit as well as a traditional Web2 cloud service.”

ABSTRACTION IS KEY
The Web3 user experience has long been considered one of the industry’s biggest obstacles to adoption. The complexities of wallet management and security have discouraged newcomers to space for over a decade, and continue to repel potential users today.

Mathis insists that abstracting the end-user experience away from blockchain technology is key to the success of the industry. Reinforcing this belief, the founder affirms “Your end user shouldn’t know that they’re interacting with Web3”

Looking towards the future, Mathis considers DePIN regulation will present a significant obstacle to the sector’s growth. However, instead of taking a chagrined approach to future regulatory concerns, the GenesysGo founder suggests that DePIN projects need to take on some responsibility.

Grass airdrop checker is now live!

Total supply: 1 billion $GRASS , with 10% for the first airdrop.

Airdrop Breakdown:

Closed Alpha: 1.5%
Epochs 1-7: 7%
Bonus Epoch: 0.5%
To Be Announced: 1%

🚨 The $DAI has been compromised on multiple blockchains

Unallocated blockchains: Ethereum, Optimism, Arbitrum