Daily Memecoin Recap - December 1

New month, new opportunities

XRP Takes Over
$xrp -> hit $9 .5m, XRP on $sol
$xrp -> hit $2m , redacted version
$btc -> hit $1 .8m, BTC on sol, $xrp beta
- Tiktokers are bullish on xrp
- Xrp is a meme in and of itself
- If you're buying memes on xrp ur ngmi

Buy & Sell Multiple Coins
$port -> hit $23m
- This platform lets you buy and sell multiple coins in a single transaction
- You make your own portfolio of up to four coins

First AI TikTok Live Streamer
$buzz -> hit $2 .2m

Pump Fun Mascot
$bumpie -> hit $1 .3m

Degen Memes
$usdt -> hit $7 .8m, usdt to $5
$lemon -> hit $4 .2m
#spooderman -> hit $2 .3m, redacted spiderman
$aut -> hit $1 .5m, absolute brainrot
$parrot -> hit $1 .5m, party parrot

Artificial Intelligence
$alch -> hit $83m , unique tech with a market place
$max -> hit $15 .2m, $btc maxi
$skai -> hit $4 .5m, skainet
$ascend -> hit $4m
$arc -> hit $3 .1m
$e /69 -> hit $3 .1m

Christmas Meta
#santahat -> hit $15m
$welf -> hit $8 .3m, runescape meme
$gingy -> hit $1 .8m, The Gingerbread Man
$kevin -> hit $950k , home alone actor

More Cooks
$mundi -> hit $100m
$sitcom -> hit $26m
$pronut -> hit $12 .4m
$pearl -> hit $8 .3m
$tardi -> hit $3 .6m
$mind -> hit $2 .6m, hyped launched
$bob -> hit $2 .1m, spongebob meme
$snoopy -> hit $1 .8m
$elsa -> hit $1 .6m, princess elsa from frozen
$yolo -> hit $1m
#1000xDec -> hit $843k , 1000x in December
$cancel -> hit $720k , cancel culture

What are your goals to end the year?

Announcement: Securing the Future of $KHAI 🚨

To show our commitment and prove our reliability, we’re taking a bold step forward together with our partners streamflow_fi
💎🚀

Here’s the plan:
We’re locking the funds from our airdrop wallet!
These coins are reserved for YOU, our loyal holders, and will be safely stored until we reach the milestone of 1 billion market cap. At that point, the airdrop will be massive and game-changing! 💥

Until then, rest assured—your rewards are in a safe place, building toward a brighter future. 🌟

Stay loyal, stay strong, and let’s make history together! 🐾⚔️

Contract id

https://solana.fm/address/...

Daily Memecoin Recap - November 8

Great way to end the week. What was your best trade?

GOAT Deployer Wallet
$toga -> hit $18 .4m, same deployer as $goat (ATH $800m +), survived all the FUD
- People are saying someone spoofed the transaction and there wasn't actually a transaction coming from the $goat wallet

Homeless Japanese Dev
$fuji -> $100k to $3 .7m (37x), fujimoto1954
- If you saw Japanese on your timeline today it was because of this
- Pushed by idrawline & retardiosolana

Artificial Intelligence
$yousim -> $14m to $35 .5m (2.5x)
$forest -> $10 .4m to $24 .8m (2.4x)
$tds -> $3 .41m to $14 .3m (4.2x)
$mau -> hit $7 .9m, AI chat system
$neko -> hit $3 .8m, virtual pet

High Volume
$uponly -> $8 .2m to $38 .5m (4.7x), cobie
$ass -> $254k to $7 .3m (29x)
$42069k -> hit $3 .4m, $retire derivative
$lingyan -> hit $2 .6m, viral Chinese panda
$zerepooch -> hit $2 .2m, $zerebro 's dog
$affirm -> hit $2 .1m

Happy Cat Continues Its Run
$happy -> $12 .2m to $31m (2.54x)

Animal Memes
$toad $6 .95m -> $12 .7m (1.8x)
$bob -> hit $1 .7m, fish with a human face
$miki -> hit $918k , cute dog
$joji -> hit $836k
$dwag -> hit $700k , $fwog beta
$bulldog -> hit $433k

Elon Meta
$legend -> hit $1m , based on elonmusk
$xnn -> hit $668k , twitter is becoming the #1 news platform

More Cooks
$4b -> $976k to $2 .2m (2.3x)
$wealth -> $608k to $1 .6m (2.6x)
$pray -> $154k to $732k (4.8x)
$wukong -> hit $3 .9m
$dork -> hit $1 .5m
$iconic -> hit $568k
$bonzo -> hit $460k , $mondo derivative

Wen $SOL ATH?

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?

🎁 How do giveaways work on BullVerse?

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

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

Only on BullVerse! 🚀

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✍️

🎖️ Vitalik Buterin, a serious candidate for the Nobel Prize in Economics?

At least that's what economists Tyler Cowen and Alex Tabarrok think.

They praise the performance of Ethereum's transition from POW to POS:
“Have you ever seen those videos of those guys in Saudi Arabia where they’re changing the tires of the car while the car is moving? That’s what Ethereum did. Amazing.”

Alex Tabarrok says Satoshi Nakamoto should also receive the award, but he thinks he is dead.

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.

In April 2024 an elderly victim from the US was targeted by Indian call scammers posing as Coinbase support resulting in a large portion of their life savings stolen.

Pleased to share that I helped recover $275K which was recently seized and will be sent back to them.

Theft txn hash
30125031d32a3a2ec9a6963d218bf2494d4392d9444586061a97d84511479346

During my research I found $5M + stolen from other victims of this group which were laundered from Ethereum/Bitcoin to Tron via centralized exchanges before stablecoins were transferred to OTCs.

Daily Memecoin Recap - October 6

Everything is sending 👀

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

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

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

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

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

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

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

What are some of your conviction holds? 💰

🇦🇪 UAE eliminates taxes on all crypto transactions.

The UAE Federal Tax Authority (FTA) has announced a review of the country's VAT rules.

The new rules include exemptions for the management of investment funds, the transfer and conversion of virtual assets.

These exemptions will be applied retroactively from January 1, 2018.

🇺🇸 A division of the U.S. Department of Homeland Security focused on cybercrime said it has prevented more than 500 ransomware attacks and seized billions of dollars in cryptocurrency since 2021.

Homeland Security Investigations investigates cybercrime and transnational illicit activities and notifies government agencies, businesses, and other potential victims that an extortion event is imminent.

HSI is said to have prevented 150 ransomware plots between October 2023 and September 30, 2024.
537 intrusions have reportedly been disrupted since its creation in 2021.

HSI has reportedly seized $4 .3 billion in cryptocurrency seizures since 2021, including $180 million last year.

Assets are recovered mainly through crypto exchanges, when hackers are arrested.

"There are definitely groups that we have our eyes on. There are gangs that are active outside of the United States that are continually looking for ways to obtain cryptocurrencies."

🪶 Robinhood launches crypto transfers in Europe.

Customers can now deposit and withdraw over 20 cryptocurrencies, including BTC, ETH, SOL, and USDC.

“With the launch of crypto transfers in Europe, we are making self-custody and entry into DeFi simpler and more accessible for our customers”
says Johann Kerbrat, VP and GM of Robinhood Crypto

The Central Bank of Bolivia reported a massive increase in virtual asset transactions, with monthly trade volume doubled..

VanEck's MarketVector report suggests Solana could reach 50% of Ethereum’s market cap.

The report also cites Solana’s superior metrics in transactions, user activity, and fees, with $SOL potentially reaching a price of $330 .

Chapter Two Rebrands as ‘Solana Seeker’, Unveiling a Range of New Features and Enhancements
140,000 pre-orders later, Solana Mobile’s next generation web3 smartphone emerges from its ‘stealth phase’.

Solana Mobile, the team behind the wildly popular Solana Saga device, has finally unveiled the eagerly awaited Solana Seeker. The next generation web3 smartphone is slated for release in 2025, offering a host of improved features and benefits.

Following the rampant success of the sellout Solana Saga, Solana Mobile stealth-launched the mysterious ‘Chapter Two’. Despite being light on details, Solana Chapter Two was well-received by the wider crypto-community. Solana Mobile’s next generation device has already been pre-ordered over 140,000 times, with recipients eager to get their hands on fresh Solana hardware.

Both the Solana Saga and the Seeker, formerly ‘Chapter Two’ have been embraced by Solana’s mobile development community. Saga owners and Seeker Genesis token holders have been generously rewarded with a litany of airdrops, as well as a vast selection of dApps and features designed exclusively for the Solana Seeker ahead of the device’s launch.

Since its inception, Solana co-founder Anatoly Yakovenko has been one of Solana Mobile’s staunchest advocates. Championing mobile devices and services as a key area of growth for the network, Yakovenko contends that the Seeker will improve on the standards set by the Saga at more accessible prices.

“We founded Solana Mobile with the mission of taking crypto mobile. To achieve that, we needed to make Seeker more accessible, more affordable, and for its hardware and software to be even more deeply integrated for web3. The support from across the Solana community so far has been incredible, and with features like the new Seed Vault Wallet and the updated Solana dApp Store, we think Seeker will be the definitive web3 mobile device when it comes out next year.” - Anatoly Yakovenko, Solana Labs co-founder

What new features can users expect from the Saga’s highly-anticipated successor?

New Phone, New Features
While the full range of improvements and hardware specifications is yet to be announced, Solana Mobile has teased the following features for the upcoming Seeker:

Seed Vault Wallet - The Seeker comes complete with a built-in self-custodial Seed Vault to provide a frictionless web3 mobile experience. Designed exclusively for the Seeker in collaboration with Solflare, the Seed Vault support double-tap transactions and simplified account management.

Solana Mobile dApp Store - Competing directly with the Apple/Google duopoly, the Solana Mobile dApp Store debuts a compelling new rewards tracker and offers enhanced discoverability for DeFi, NFTs, DePIN, Gaming, and Payments applications.

Seeker Genesis Token - A soulbound NFT, the Seeker Genesis Token is a non-transferrable asset that gives holders exclusive access to rewards, content and opportunities throughout Solana’s thriving ecosystem.

Enhanced Hardware - Seeker promises a dramatically improved build quality, boasting a superior camera, extended battery life, a lighter design, and a brighter display than its predecessor.

With 2025 just around the corner, the launch and distribution of Solana Seeker may come sooner than expected. Given the generous incentives and rewards enjoyed by Solana holders, the Solana community awaits the launch of Solana Seeker with bated breath.

Jupiter, a leading decentralized exchange (DEX) on Solana, made a series of major announcements today at Solana Breakpoint 2024, the Solana ecosystem's largest annual conference. These updates include the acquisition of SolanaFM, the second-largest explorer on Solana, and Coinhall, the leading aggregator across Cosmos.

Co-founder Siong delivered a keynote address outlining the ambitious roadmap ahead for Jupiter.

Metropolis API Platform
Building on the foundation of Jupiter's existing APIs (Swap, Tokens, and Price APIs), the Metropolis API Platform makes it easier for developers to integrate with all of Solana's liquidity and build sustainable businesses. Anyone with an internet connection can leverage these APIs to streamline development and create innovative applications on Solana.

Jupiter RFQ
Deepening liquidity on Solana by connecting market makers directly to Jupiter's routing engine. This innovative feature allows market makers who primarily use exchanges like Binance to easily provide liquidity on Solana, ensuring that Jupiter consistently offers the best prices.

Jupiter Perps V2

Perps V2 is a significant upgrade from its predecessor, offering a richer feature set, competitive fees, and unmatched reliability. This new version introduces limit orders, a revamped Doves oracle for enhanced pricing accuracy, and gasless transactions, ensuring a seamless and cost-effective trading experience.

With Perps V2, traders can benefit from the convenience of limit orders, the reliability of the Dove oracle, and the efficiency of gasless transactions, all backed by $600 million in JLP liquidity. This combination makes Solana the most compelling platform for perpetual contracts.

Jupiter Mobile
Jupiter Mobile is poised to revolutionize how people interact with Solana by offering a frictionless and intuitive user experience. It simplifies the onboarding process, making Solana accessible to everyone regardless of their technical expertise. Users can easily connect their existing wallets or use popular payment methods like Apple Pay, Google Pay, or credit cards. Additionally, Jupiter Mobile eliminates the need for complex seed phrases, making it easy for new users to get started.

The platform also offers zero platform fees, ensuring that users can enjoy cost-effective transactions without worrying about hidden charges. With its 1-tap swap feature, users can effortlessly swap tokens with just a single click, streamlining the trading process.

Ape Pro: Taking on Pump.fun
Jupiter is now making moves to capture the meme coin market by taking on the popular Pump.fun, a no-code meme coin creation platform.

Ape Pro, a massive upgrade to the existing Ape platform, is set to make meme coins fun again on Solana. It will offer a powerful, mobile-friendly trading suite that supports social logins and an easy-to-use token creation experience.

Ape Pro stands out from its competitors, such as Pump.fun, by offering lower trading fees, a seamless mobile experience, faster transactions with Google login, and a robust token creation process. With a competitive 0.5% trading fee, Ape Pro provides a cost-effective solution for traders. Its mobile optimization ensures a smooth and efficient experience on the go, while Google login simplifies the onboarding process, eliminating the need for complex seed phrases. Additionally, Ape Mint, a feature within Ape Pro, allows users to easily mint new tokens, lock liquidity for project credibility, and earn perpetual swap fees, creating a sustainable revenue stream and combatting the current PVP model in the meme coin ecosystem.

Acquisitions Signal Growth and Ambition
Jupiter's acquisition of SolanaFM, a critical infrastructure provider for the Solana ecosystem, underscores the company's commitment to strengthening it. This move will enable Jupiter to leverage SolanaFM's world-class data infrastructure to enhance its platform further.

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? 🌐

🚨 BlackRock recently adjusted its custody agreement for its spot ETF #Bitcoin with Coinbase, aiming to improve withdrawal times.

One of the major points of this amendment is the requirement for Coinbase to process withdrawals from #Bitcoin to a public address within 12 hours of receiving instructions.

This means that as soon as an ETF holder wants to withdraw their #Bitcoin , Coinbase, as the custodian, will have to execute this transaction within a relatively short period of time.

🚨 The Ethereum Foundation is selling 200 ETH again.

The Ethereum Foundation sells 200 #eth for 527,989 $DAI in two transactions, bringing their September sales total to 1,150 ETH, worth $2 .8 million.

HIGHLIGHTS FROM SOLANA BREAKPOINT DAY TWO

Solana Breakpoint Day One set a rapid pace, with milestone announcements about Firedancer, key product updates from Jupiter, and trillion-dollar asset manager Franklin Templeton disclosing its intention to build a mutual fund on Solana.

Despite the high expectations following a blistering Day One, Day Two kept the momentum alive and delivered plenty of showstopping announcements.

COINBASE TO LAUNCH cbBTC ON SOLANA
Coinbase, one of the industry’s most popular centralized exchanges, announced its intention to deploy its wrapped version of Bitcoin on the Solana network. Since launching on Ethereum and Base just a few weeks earlier, cbBTC has quickly climbed the ranks to become the third-largest wrapped Bitcoin token in the market.

The move is expected to bring more of Bitcoin’s deep liquidity to Solana, where cbBTC can be integrated into various DeFi applications and increase capital efficiency on the network.

FIREDANCER LIVE ON MAINNET FOR NON-VOTE TRANSACTIONS
FireDancer may have stolen the show on Day One, but the Jump Crypto developers weren’t content to stop there. Firedancer’s Research and Development Architect, Phillip Taffet, and Production Engineer Anway De announced that the full Firedancer validator client was now live on the Solana mainnet for non-vote transactions.

But that wasn’t all that the Firedancer team had in store. A live demo also demonstrated the Frankendancer client executing 1.04M transactions per second.

MAGIC EDEN UNVEILS NEW FEATURES
Magic Eden, the blockchain industry’s largest NFT marketplace across all chains in terms of trading revenue, outlined some of its future plans.

Showcasing a more composable cross-chain ecosystem Magic Eden teased new features like the ability to swap fungible assets on one chain for non-fungible assets on a completely different network.

In a move that didn’t surprise anyone, Magic Eden also announced that its upcoming $ME token will be launched on Solana.

deBridge ANNOUNCES TGE
The deBridge ($DBR) token airdrop has been one of the most anticipated TGEs in recent months.

To thunderous applause from a captivated audience, deBridge co-founder Alex Smirnov announced that $DBR is scheduled to go live on the 17th of October.

Smirnov also used his time in the spotlight to share a wealth of new product features coming to the deBridge application, including gasless bridging and the integration of new chains live Bitcoin and Tron.

BONK ETP
One of Solana’s favorite memecoins, BONK made its presence known at Breakpoint. But beyond the BONK boxing ring, BONK core contributor Nom highlighted the prolific growth of the Bonk brand, which has secured impressive partnerships across the Web2 world, like its sponsorship of Borussia Dortmund.

Affirming BONK’s rise from memecoin, to cultural movement, to financial entity, Nom also announced the team’s intention to launch a BONK ETP. The move is believed to be a precursor to an eventual BONK ETF.

SANCTUM ANNOUNCES BIG UPDATES
Sanctum, the Solana DeFi powerhouse bringing greater flexibility to LST (Liquid Staking Tokens), announced several exciting updates.

First, Sanctum co-founder FP Lee introduced ‘Creator Coins’, a novel spin on LSTs that provides new tools for individuals, communities, and businesses to build, grow, and monetize their audiences.

Lee also announced the upcoming launch of a Sanctum card. Conceived in collaboration with BasedApp and Jupiter, the Cloud Card is expected to facilitate real-world payments using Solana-based crypto assets.

Finally, the Sanctum founder also shared that the platform’s polarizing incentives campaign, Wonderland, would be making its return soon with a second season of rewards.

The bulls are in charge as markets pump 🐂📈

But can J Pow really stick that Goldilocks landing to secure that full-on bull market?

What you should know 👇

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Bulls appear to be firmly in control as the market prices in the “Goldilocks” landing scenario following Wednesday's major rate cut announcement.

What’s the Scoop?

✂️ Fed Cuts: Wednesday, America’s Federal Reserve announced a 50 bps (0.5%) decrease to its benchmark short-term policy rate in the central bank’s first instance of monetary easing during the post-Covid era.

📊 Volatile Regime: While markets initially rallied on confirmation of the telegraphed Fed cuts, they gave back the gains headed into the U.S. close and finished out that first day red. Although the bullish impulse from Fed cuts didn’t transpire until after the close, the broad market S&P 500 opened 1.5% higher today, the index’s strongest overnight gain since 2022 and its largest gap up opening to new all-time highs in at least 35 years.

🌼 Achieving Goldilocks: High interest rates were tough on the economy, but they were seen as necessary to control the big inflation that hit in 2022. Now that inflation has slowed down a lot in recent months, the Fed can start easing up on its monetary policies. Despite some softening in the labor market, numbers aren't pointing to imminent disaster, and global central bankers remain supremely confident they can keep unemployment from rising too much without causing more inflation through carefully calculated interest rate cuts.

📢 Bankless Take: The best mix of conditions seems to be coming together, boosting economic optimism and giving the green light for bulls to push markets to new all-time highs. While investors will see tanking inflation data as bullish and shrug off deteriorating labor conditions in the weeks ahead thanks to renewed confidence in the Fed Put, an unexpected turn for the worse will swiftly give way to serious recession concerns.

Analysis by JackInabinet

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.

Jupiter, a leading decentralized exchange (DEX) on Solana, made a series of major announcements today at Solana Breakpoint 2024, the Solana ecosystem's largest annual conference. These updates include the acquisition of SolanaFM, the second-largest explorer on Solana, and Coinhall, the leading aggregator across Cosmos.

Co-founder Siong delivered a keynote address outlining the ambitious roadmap ahead for Jupiter.

METROPOLIS API PLATFORM
Building on the foundation of Jupiter's existing APIs (Swap, Tokens, and Price APIs), the Metropolis API Platform makes it easier for developers to integrate with all of Solana's liquidity and build sustainable businesses. Anyone with an internet connection can leverage these APIs to streamline development and create innovative applications on Solana.

JUPITER RFQ
Deepening liquidity on Solana by connecting market makers directly to Jupiter's routing engine. This innovative feature allows market makers who primarily use exchanges like Binance to easily provide liquidity on Solana, ensuring that Jupiter consistently offers the best prices.

JUPITER PERPS V2
Redefining perpetual contracts on Solana with enhanced features, competitive fees, and unparalleled reliability.

Perps V2 is a significant upgrade from its predecessor, offering a richer feature set, competitive fees, and unmatched reliability. This new version introduces limit orders, a revamped Doves oracle for enhanced pricing accuracy, and gasless transactions, ensuring a seamless and cost-effective trading experience.

With Perps V2, traders can benefit from the convenience of limit orders, the reliability of the Dove oracle, and the efficiency of gasless transactions, all backed by $600 million in JLP liquidity. This combination makes Solana the most compelling platform for perpetual contracts.

JUPITER MOBILE
Jupiter Mobile is poised to revolutionize how people interact with Solana by offering a frictionless and intuitive user experience. It simplifies the onboarding process, making Solana accessible to everyone regardless of their technical expertise. Users can easily connect their existing wallets or use popular payment methods like Apple Pay, Google Pay, or credit cards. Additionally, Jupiter Mobile eliminates the need for complex seed phrases, making it easy for new users to get started.

The platform also offers zero platform fees, ensuring that users can enjoy cost-effective transactions without worrying about hidden charges. With its 1-tap swap feature, users can effortlessly swap tokens with just a single click, streamlining the trading process.

APE PRO: TAKING ON Pump.fun
Jupiter is now making moves to capture the meme coin market by taking on the popular Pump.fun, a no-code meme coin creation platform.

Ape Pro stands out from its competitors, such as Pump.fun, by offering lower trading fees, a seamless mobile experience, faster transactions with Google login, and a robust token creation process. With a competitive 0.5% trading fee, Ape Pro provides a cost-effective solution for traders. Its mobile optimization ensures a smooth and efficient experience on the go, while Google login simplifies the onboarding process, eliminating the need for complex seed phrases. Additionally, Ape Mint, a feature within Ape Pro, allows users to easily mint new tokens, lock liquidity for project credibility, and earn perpetual swap fees, creating a sustainable revenue stream and combatting the current PVP model in the meme coin ecosystem.

Jupiter emphasized the company's dedication to making Solana even more awesome. "Solana is already the best. And we're here to make using Solana even more awesome," he said. "Today's updates signal our strong commitment to building the platform, team, and community needed to drive it forward."

Head of Visa Crypto Cuy sheffield says 65% of stablecoin transactions on solana are under $100 , and Ethereum is not cost-effective to be able to do lower value transactions frequently.

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

Citibank is exploring Solana's potential, looking to utilize blockchain technology for seamless money transfers and advanced smart contracts in the future.

(Citi Bank is the 4th largest bank in the US🇺🇸).

😯 Two Bitcoin addresses that had been dormant since January 30 and 31, 2009 have each transferred 50 BTC, worth over $3 million per address, according to lookonchain .

These are two of the oldest addresses in operation 📆

Patience soon rewarded? 🤔

The volume of $BTC olds transferred on the blockchain has plunged by 90% since March.

Investors are waiting for the right moment to cash in their profits again! 💰

Will rate cuts restart crypto's bull run? 🐂

Here's what could happen next 👇
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In 2022, the Fed raised interest rates to tackle high inflation, which made borrowing more expensive and led to falling asset prices, resulting in a bear market. However, with lower interest rates, many expect monetary easing that could gently guide the global economy into a "Soft Landing."

If inflation doesn’t spike again and rate cuts help keep unemployment stable, central bankers could achieve something incredible—removing major economic uncertainties and delivering a level of global economic stability we haven’t seen in decades!

Although the Fed's latest economic projections seem to favor more future rate cuts, they also reflect how uncertain things are, with inflation forecasts being lowered, flat GDP estimates, and non-trivial upticks in unemployment expectations.

The greatest economic risk has shifted from higher inflation to falling employment, as shown by the decision to cut rates. Even though Federal Reserve members and other central bankers are confident they can manage these risks with further rate cuts, any continued economic decline could rapidly devolve into serious recession concerns.

Global bond yields that had been increasing since Tuesday dropped only slightly after the rate cuts were confirmed, suggesting the market had already factored this in with earlier moves downwards since July. While Bitcoin briefly jumped about 2% right after the rate cut news, markets started selling off soon after, erasing those gains before the day ended.

While the initial excitement around the rate cuts was clear, investors are now carefully watching how the economy reacts to these changes, with hopes pinned on a smooth transition but wary of potential bumps ahead.

Whether this will truly ignite the next crypto bull market or trigger deeper recession concerns remains to be seen as the balancing act between inflation, employment, and growth continues to unfold.

Analysis by JackInabinet