5 days ago
๐จ Attention Soldiers! ๐ก๐พ
As we celebrate the launch of our staking platform, we want to keep you SAFE.
A few reminders:
๐ Always double-check the link before connecting your wallet.
โ Our official staking platform is: https://staking.kittenhaim...
๐ซ Scammers are crafty and will try to deceive with fake links and advanced tricks.
Stay sharp, Soldiers! Letโs protect our $KHAI and the community weโve built. Together, weโre stronger. ๐โ๏ธ
As we celebrate the launch of our staking platform, we want to keep you SAFE.
A few reminders:
๐ Always double-check the link before connecting your wallet.
โ Our official staking platform is: https://staking.kittenhaim...
๐ซ Scammers are crafty and will try to deceive with fake links and advanced tricks.
Stay sharp, Soldiers! Letโs protect our $KHAI and the community weโve built. Together, weโre stronger. ๐โ๏ธ
2 months ago
๐น Ubisoft is set to launch a collection of 10,000 NFTs on Arbitrum via Magic Eden.
These NFTs will allow holders to play the upcoming game Captain Laserhawk: The GAME in advance.
โThrough the integration of Web3, we are enabling our community to not only play, but also shape the future of gamingโ
These NFTs will allow holders to play the upcoming game Captain Laserhawk: The GAME in advance.
โThrough the integration of Web3, we are enabling our community to not only play, but also shape the future of gamingโ
2 months ago
Once you goโกNITRO, you NEVER go back!
Auto-Snipe with MaestroโsโกNITRO, your fully automated solution for every token launch situation.
Elevate your trading with advanced, cutting-edge features and see how your profits can climb.
๐คSnipe with precision today โก๏ธ https://t.me/Maestro
Auto-Snipe with MaestroโsโกNITRO, your fully automated solution for every token launch situation.
Elevate your trading with advanced, cutting-edge features and see how your profits can climb.
๐คSnipe with precision today โก๏ธ https://t.me/Maestro
2 months ago
(E)
Introducing the BullVerse Loyalty Program ๐
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.
Hereโs how it works๐
๐ Each level in the loyalty program unlocks new perks and exclusive features. As users advance through the levels, they gain access to more rewards.
๐ 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.
๐ We encourage users to upgrade their levels by completing tasks and earning points. Moving up the levels provides more benefits, enhancing their experience.
โโโโโ
๐ Perks and Rewards: Level upgrades gives you access to exclusive benefits such as automatic withdrawals, special bonuses and reserved-features.
๐ 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.
โผ๏ธ Important: Any attempt to manipulate or trick the system will result in an immediate downgrade or disqualification from the loyalty program.
๐ 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 !
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.
Hereโs how it works๐
๐ Each level in the loyalty program unlocks new perks and exclusive features. As users advance through the levels, they gain access to more rewards.
๐ 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.
๐ We encourage users to upgrade their levels by completing tasks and earning points. Moving up the levels provides more benefits, enhancing their experience.
โโโโโ
๐ Perks and Rewards: Level upgrades gives you access to exclusive benefits such as automatic withdrawals, special bonuses and reserved-features.
๐ 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.
โผ๏ธ Important: Any attempt to manipulate or trick the system will result in an immediate downgrade or disqualification from the loyalty program.
๐ 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 !
2 months ago
At Solana Breakpoint 2024, Charles dโHaussy, CEO of the dYdX Foundation, discussed the protocolsโs upcoming enhancements and muse on Solanaโs growth.
While dYdX, one of the crypto industryโs oldest decentralized perpetual exchanges, runs its own sovereign appchain, the platform recently integrated Solana-based assets into its platform.
The move brought greater exposure to a wealth of Solana ecosystem tokens, allowing dYdX traders to express their opinion on assets like $SOL , $JUP , and $WIF .
Drawing on his rich experience in the industry, dโHaussy made fascinating remarks about Solana culture.
Solana Builder Energy
When dYdX governance moved to include more Solana-based assets via a Raydium integration in June, dโHaussy and the dYdX were hesitant to approach the Solana community.
โWhen we started to reach out to the Solana ecosystem, I was kind of cautious and trying to be gentle, not knowing exactly how we would be welcome for conversations about possible integrationโ
From an outside perspective, blockchain tribalism formed a perceived barrier to entry. Chain maximalism is a serious obstacle within the industry, which is further exacerbated by obstinate and outspoken communities on social media.
Fortunately, away from the noise and distractions of social media, the teams actually building these ecosystems are eager to collaborate and push the collectively push the industry forward. dโHaussy remarked that the Solana Foundation was welcoming and receptive to working alongside teams from alternative ecosystems in the pursuit of progress.
โWe were really warmly welcomed. I think the Solana ecosystem has showed us, you want to connect to the Solana ecosystem and bring more mindshare to the Solana ecosystem via your own chain? How can we help you?โฆ The Solana Foundation has been extremely welcoming, connecting us to plenty of people. And the builders were also very welcoming.โ
โSometimes Twitter makes you think that this is all tribes and they look at each other from afar. But the reality is the real builders and the people which are in the industry long enough and for the long term, they are very friendly and they want to grow the cake for everyone.โ
Additionally, dโHaussy asserted that โSolana is like Ethereum five years agoโ, highlighting the energy and hunger shown by developers building innovative products. The CEO drew comparisons between the atmosphere of weekโs earlier Token 2049 conference and Solana Breakpoint.
โWe are just out of three days of Token 2049, which is much more salesy and marketing and towards trading activities, which is really the audience of DYDX. So, that was perfect, we had a blast over there. Suddenly, you wake up the next morning and you're going to Solana Breakpoint.โ
โIt's a bit of a shock for me because suddenly we are surrounded by devs. So, there is this kind of change of seasons overnight between the projects and the business development atmosphere of Token 2049 and here the business, the atmosphere of building here at Solana.โ
Blockchain tribalism is a regrettable obstacle, but easily overcome. As evidenced by dYdX and the Solana, teams from different chains can always find ways to work together in a way that benefits both parties and further advances the space.
While dYdX, one of the crypto industryโs oldest decentralized perpetual exchanges, runs its own sovereign appchain, the platform recently integrated Solana-based assets into its platform.
The move brought greater exposure to a wealth of Solana ecosystem tokens, allowing dYdX traders to express their opinion on assets like $SOL , $JUP , and $WIF .
Drawing on his rich experience in the industry, dโHaussy made fascinating remarks about Solana culture.
Solana Builder Energy
When dYdX governance moved to include more Solana-based assets via a Raydium integration in June, dโHaussy and the dYdX were hesitant to approach the Solana community.
โWhen we started to reach out to the Solana ecosystem, I was kind of cautious and trying to be gentle, not knowing exactly how we would be welcome for conversations about possible integrationโ
From an outside perspective, blockchain tribalism formed a perceived barrier to entry. Chain maximalism is a serious obstacle within the industry, which is further exacerbated by obstinate and outspoken communities on social media.
Fortunately, away from the noise and distractions of social media, the teams actually building these ecosystems are eager to collaborate and push the collectively push the industry forward. dโHaussy remarked that the Solana Foundation was welcoming and receptive to working alongside teams from alternative ecosystems in the pursuit of progress.
โWe were really warmly welcomed. I think the Solana ecosystem has showed us, you want to connect to the Solana ecosystem and bring more mindshare to the Solana ecosystem via your own chain? How can we help you?โฆ The Solana Foundation has been extremely welcoming, connecting us to plenty of people. And the builders were also very welcoming.โ
โSometimes Twitter makes you think that this is all tribes and they look at each other from afar. But the reality is the real builders and the people which are in the industry long enough and for the long term, they are very friendly and they want to grow the cake for everyone.โ
Additionally, dโHaussy asserted that โSolana is like Ethereum five years agoโ, highlighting the energy and hunger shown by developers building innovative products. The CEO drew comparisons between the atmosphere of weekโs earlier Token 2049 conference and Solana Breakpoint.
โWe are just out of three days of Token 2049, which is much more salesy and marketing and towards trading activities, which is really the audience of DYDX. So, that was perfect, we had a blast over there. Suddenly, you wake up the next morning and you're going to Solana Breakpoint.โ
โIt's a bit of a shock for me because suddenly we are surrounded by devs. So, there is this kind of change of seasons overnight between the projects and the business development atmosphere of Token 2049 and here the business, the atmosphere of building here at Solana.โ
Blockchain tribalism is a regrettable obstacle, but easily overcome. As evidenced by dYdX and the Solana, teams from different chains can always find ways to work together in a way that benefits both parties and further advances the space.
2 months ago
Daily Memecoin Recap - September 24
Great volume today, $sol hits $154
Pup vs Pwup
$pwup -> hit $2 .37m, coin launched by artist
$pup -> hit $2 .24m, OG coin
- Same narrative as $frog -> $fwog
- Dev rugged, so the artist launched his own coin
- Apparently the website for $pwup was prepped hours in advance
- People are saying that $pwup was a planned/fake CTO and are now rotating back into $pup waiting for a real community to form
Malone Coin
$malone -> hit $1 .77m, Malone Lam
- 20 year old arrested for $230 ,000,000 crypto theft
- He was caught partly due to his lavish lifestyle, spending hundreds of thousands at nightclubs, and buying random girls birkin bags
- Read zachxbt's thread for more info
Woah Vicky Launches A Coin
$vicky -> hit $473k ,
Tiktok Viral
$pesto -> $1 .75m to $8m (4.57x), largest baby penguin in existence
$edwin -> hit $1 .13m
Moo Deng Wants $100m
#moodeng -> $38 .8m to $88m (2.27x), new ATH for the world's most viral baby hippo
$moowan -> hit $2m , Moo Deng's sister
$jona -> $13k to $230k (17.7x), Moo Deng's Mom
Popcat Breaks A Billy
$popcat - $285m to $1 .05b (3.7x from the low), new ATH
$popdog -> $5 .18m to $16 .28m (3.15x), dog beta to $popcat
Michi Gets Volume
$michi -> $52m to $126m (2.42x from the low)
- Very strong floor around 45-50m
- One of the strongest communities on CT
More Cooks
#maga2025 -> $335k to $2 .27m (6.77x), based on realDonaldTrump
$younes -> $1 .13m to $4m (3.54x), higher high, team is cooking
$msn -> $60k to $367k (6.11x), "Micro Sol Network"
$ptrump -> hit $731k , $pepe + Trump
$chat -> hit $371k , good meme, "chat, are we cooked?", refers to streamers
$core -> hit $215k , "core memory", cartoonnetwork
+ more
Things are starting to pick up, are you cooking? ๐
Great volume today, $sol hits $154
Pup vs Pwup
$pwup -> hit $2 .37m, coin launched by artist
$pup -> hit $2 .24m, OG coin
- Same narrative as $frog -> $fwog
- Dev rugged, so the artist launched his own coin
- Apparently the website for $pwup was prepped hours in advance
- People are saying that $pwup was a planned/fake CTO and are now rotating back into $pup waiting for a real community to form
Malone Coin
$malone -> hit $1 .77m, Malone Lam
- 20 year old arrested for $230 ,000,000 crypto theft
- He was caught partly due to his lavish lifestyle, spending hundreds of thousands at nightclubs, and buying random girls birkin bags
- Read zachxbt's thread for more info
Woah Vicky Launches A Coin
$vicky -> hit $473k ,
Tiktok Viral
$pesto -> $1 .75m to $8m (4.57x), largest baby penguin in existence
$edwin -> hit $1 .13m
Moo Deng Wants $100m
#moodeng -> $38 .8m to $88m (2.27x), new ATH for the world's most viral baby hippo
$moowan -> hit $2m , Moo Deng's sister
$jona -> $13k to $230k (17.7x), Moo Deng's Mom
Popcat Breaks A Billy
$popcat - $285m to $1 .05b (3.7x from the low), new ATH
$popdog -> $5 .18m to $16 .28m (3.15x), dog beta to $popcat
Michi Gets Volume
$michi -> $52m to $126m (2.42x from the low)
- Very strong floor around 45-50m
- One of the strongest communities on CT
More Cooks
#maga2025 -> $335k to $2 .27m (6.77x), based on realDonaldTrump
$younes -> $1 .13m to $4m (3.54x), higher high, team is cooking
$msn -> $60k to $367k (6.11x), "Micro Sol Network"
$ptrump -> hit $731k , $pepe + Trump
$chat -> hit $371k , good meme, "chat, are we cooked?", refers to streamers
$core -> hit $215k , "core memory", cartoonnetwork
+ more
Things are starting to pick up, are you cooking? ๐
2 months ago
Bittensor's cryptocurrency $TAO has climbed 100% in 2 weeks, how to explain it? ๐
This increase is driven by the rise of AI-related tokens ๐ค , boosted by announcements such as the results of nvidia and the new model of OpenAI .
Bittensor stands out with the upcoming launch of smart contracts, strengthening its interoperability and its advances in #IA decentralized ๐
This increase is driven by the rise of AI-related tokens ๐ค , boosted by announcements such as the results of nvidia and the new model of OpenAI .
Bittensor stands out with the upcoming launch of smart contracts, strengthening its interoperability and its advances in #IA decentralized ๐
2 months ago
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 terminalโs 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.
โObviously, 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.โ
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 Fluxbeamโs sentiment analysis wonโt fall victim to artificial commentary. When asked what countermeasures Fluxbeamโs sentiment has taken to combat false commentary, Hague asserted:
โWe 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.โ
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 โcomes with its own biasโ.
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 platformโs native asset.
Fluxbeam Infinity will implement a new buyback-and-burn algorithm. The mechanism introduces a fee split to Fluxbeam Infinityโs powerful new features, with 50% of accrued platform fees being used to buy $FLUXB off the market and permanently remove tokens from circulation.
โWith 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.โ
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 Solanaโs most popular security tools. Over the past year, Solana traders have generated over 100M token reports via RugCheck, trusting the protocolโs 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.
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 terminalโs 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.
โObviously, 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.โ
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 Fluxbeamโs sentiment analysis wonโt fall victim to artificial commentary. When asked what countermeasures Fluxbeamโs sentiment has taken to combat false commentary, Hague asserted:
โWe 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.โ
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 โcomes with its own biasโ.
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 platformโs native asset.
Fluxbeam Infinity will implement a new buyback-and-burn algorithm. The mechanism introduces a fee split to Fluxbeam Infinityโs powerful new features, with 50% of accrued platform fees being used to buy $FLUXB off the market and permanently remove tokens from circulation.
โWith 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.โ
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 Solanaโs most popular security tools. Over the past year, Solana traders have generated over 100M token reports via RugCheck, trusting the protocolโs 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.
3 months ago
SOLANA BREAKPOINT: The Biggest Announcements From Day One
Hopes were high for some big announcements, but even the most devout Solana maxi wasnโt 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 werenโt at Breakpoint, hereโs what you need to know:
FIREDANCER LIVE ON TESTNET
Solana users and investors alike were delighted to see Kevin Bowers, Jump Cryptoโs Chief Science Officer take the stage to deliver one of the networkโs 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 thatโs 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 Jumpโs 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 doesnโt mean that TradFi giants arenโt eager to launch Solana-based products to their institutional clients.
Franklin Templeton, one of the worldโs 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 arenโt the only Wall Street players with an eye on cryptoโs most performant Layer-1.
Citibank, the fourth largest bank in the United States, shared that it was exploring Solanaโs 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 Jupiterโs 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 Jupiterโs acquisition of the SolanaFM explorer.
SKY, FORMERLY MakerDAO, DEPLOYS ON SOLANA
MakerDAO, one of the crypto industryโs 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 Wormholeโs cross-chain infrastructure to bridge $USDS to Solana.
Reinforcing SKYโs 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.
Hopes were high for some big announcements, but even the most devout Solana maxi wasnโt 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 werenโt at Breakpoint, hereโs what you need to know:
FIREDANCER LIVE ON TESTNET
Solana users and investors alike were delighted to see Kevin Bowers, Jump Cryptoโs Chief Science Officer take the stage to deliver one of the networkโs 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 thatโs 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 Jumpโs 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 doesnโt mean that TradFi giants arenโt eager to launch Solana-based products to their institutional clients.
Franklin Templeton, one of the worldโs 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 arenโt the only Wall Street players with an eye on cryptoโs most performant Layer-1.
Citibank, the fourth largest bank in the United States, shared that it was exploring Solanaโs 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 Jupiterโs 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 Jupiterโs acquisition of the SolanaFM explorer.
SKY, FORMERLY MakerDAO, DEPLOYS ON SOLANA
MakerDAO, one of the crypto industryโs 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 Wormholeโs cross-chain infrastructure to bridge $USDS to Solana.
Reinforcing SKYโs 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.
3 months ago
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 US๐บ๐ธ).
(Citi Bank is the 4th largest bank in the US๐บ๐ธ).
3 months ago
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 Googleโs 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.
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 Googleโs 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.
3 months ago
(E)
What is Hana Network?
Hana Network is a blockchain platform that integrates with EigenLayer and Babylon to enhance security and functionality. It allows users to stake assets on EigenLayer and Babylon while taking advantage of their advanced security protocols. Hana Network uses cryptographic techniques to ensure transaction security and preserve user privacy. It also supports multi-party group broadcasts and anonymous routing protocols. With these integrations, Hana Network aims to offer reliable and secure decentralized solutions for various applications, making blockchain technology more accessible and efficient. #SnoopDogg #Solana #crypto #SOL #Blockchain #coinmarketcap #USDT #HashCEX #SoundCloud #Ethereum #TRON #BinanceSmartChain #retardio
Hana Network is a blockchain platform that integrates with EigenLayer and Babylon to enhance security and functionality. It allows users to stake assets on EigenLayer and Babylon while taking advantage of their advanced security protocols. Hana Network uses cryptographic techniques to ensure transaction security and preserve user privacy. It also supports multi-party group broadcasts and anonymous routing protocols. With these integrations, Hana Network aims to offer reliable and secure decentralized solutions for various applications, making blockchain technology more accessible and efficient. #SnoopDogg #Solana #crypto #SOL #Blockchain #coinmarketcap #USDT #HashCEX #SoundCloud #Ethereum #TRON #BinanceSmartChain #retardio
3 months ago
Phantom, Solanaโs 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 walletโs defence. Reigniting debate around business models in the Web3 world, Phantomโs 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 ๐ to air their grievances about Phantomโs 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 โactually ridiculous.โ
Eagle-eyed users remarked that the data wasnโt 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 wouldโve generated over $10M through in-app token swaps in 2021 alone.
While itโs 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 โDapps, apps, wallets, etc. need revenue or they close up shop, and head home.โ
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 Solanaโs longest-standing products.
โYou have probably lost $1000s on the pure rubbish. So don't be a clown and not support the wallets that make it all possible.โ - Seb Montgomery
Montgomery also acknowledged that Solana owes much of its success to Phantom. Paying homage to Phantomโs position as Solanaโs most widely used wallet, Montgomery asserted โWithout Phantom, Solana's success would not have been anywhere near where it got to.โ
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, itโs 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. Solanaโs 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. Traderโs complaints are hardly unresolved.
While some disgruntled community members attacked Phantom, voices across the Solana ecosystem came to the walletโs defence. Reigniting debate around business models in the Web3 world, Phantomโs 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 ๐ to air their grievances about Phantomโs 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 โactually ridiculous.โ
Eagle-eyed users remarked that the data wasnโt 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 wouldโve generated over $10M through in-app token swaps in 2021 alone.
While itโs 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 โDapps, apps, wallets, etc. need revenue or they close up shop, and head home.โ
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 Solanaโs longest-standing products.
โYou have probably lost $1000s on the pure rubbish. So don't be a clown and not support the wallets that make it all possible.โ - Seb Montgomery
Montgomery also acknowledged that Solana owes much of its success to Phantom. Paying homage to Phantomโs position as Solanaโs most widely used wallet, Montgomery asserted โWithout Phantom, Solana's success would not have been anywhere near where it got to.โ
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, itโs 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. Solanaโs 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. Traderโs complaints are hardly unresolved.
3 months ago
Marinade Finance, one of Solanaโs original staking providers, has found itself in hot water with validator operators.
Validators argue that Marinadeโs new Stake Auction Marketplace (SAM) harms the staking landscape, allowing malicious actors to thrive at the expense of honest validators.
Beyond losing stake in the network, chagrined validators suggest that, left unchecked, the SAM model is a threat to decentralization and Solanaโs scalability moving forward.
Marinade has dismissed these accusations. Countering claims of apathetic negligence, Marinade argues those who criticize the new system do so out of spite.
Is this a case of willful blindness, or are validators looking for a scapegoat to blame for their own shortcomings?
WHY ARE VALIDATORS UPSET?
Once heralded as a powerful new model that would push staking APY to new heights, the SAM has drawn scorn and skepticism from certain validators. Marinadeโs SAM enables validators to bid on network stake, with winners securing stake and passing on elevated rewards to delegators.
To win auctions, validators competitively bid on network stake. However, surging demand for stake has driven validators to bid at potentially unsustainable levels. In previous epochs, winning validators needed to yield over 10% APY to win auctions, a rate considered impossible to achieve through native staking alone.
This has led certain operators to speculate on how these validators can afford such high bids. Suggesting that such yield can only be achieved through malicious activities, like sandwich attacks, private mempools, and off-chain deals, some validators argue that Marinade is turning a blind eye to dishonest validators.
Distressed validators have created analytics dashboards to express their frustrations and support their claims. Hanabiโs โMarinade Stake Sellingโ dashboard highlights that a number of validators flagged for malicious activity have won stake through the SAM.
Responding to accusations levied by third-party dashboard creators, Marinade CEO Michael Repetny argues โHanabi lacks any methodology, they only copy labels from other Stakewiz dashboard to call it a day.โ
Adding further context to the claims of disgruntled operators, Repetny affirms โHanabi lost 1M SOL from Marinade so itโs understandable he fights the new system.โ
Concerned validators have taken to Marinadeโs Discord server to air their grievances. Operators have claimed that, through the SAM, over 2.7M SOL has been staked to questionable validators, including sybils and sandwiches. Disgruntled operators even suggested โMarinade wants you to have side deals, ethical or not.โ
Additionally, validators have argued that if โmost of the mSOL pool is delegated to unethical validators itโs a really bad look for the Solana ecosystem.โ
In an exclusive statement with SolanaFloor, Max Kaplan, Head of Engineering at Edgevana, credits Marinade for trying something inventive that โhad never been done beforeโ.
However, Kaplan admits that Marinade โwent full capitalistโฆ basically, the highest bidder wins. Marinade doesnโt really care if a validator bids for stake and is just gonna lose money on that stake, thatโs not their problemโฆ Theyโre happy to take the money and give that to mSOL holders.โ
Experts argue that in current conditions, staking yield over 10% simply isnโt sustainable. Kaplan contends โ10% APY is higher than the native staking yield that is paid out on chain. The money has to come from somewhere.โ
Without making any accusations, Kaplan theorizes that additional yield could potentially come from a validatorโs own โmarketing/growth budgetโ or other sources like โSWQoS / private mempool dealsโ.
Responding to any accusations, Repetny reinforces Marinade's stance that โSAM provides the best yield on the market for delegators. It is not an active policy maker or opinionated strategy to tweak the network.โ
Validators argue that Marinadeโs new Stake Auction Marketplace (SAM) harms the staking landscape, allowing malicious actors to thrive at the expense of honest validators.
Beyond losing stake in the network, chagrined validators suggest that, left unchecked, the SAM model is a threat to decentralization and Solanaโs scalability moving forward.
Marinade has dismissed these accusations. Countering claims of apathetic negligence, Marinade argues those who criticize the new system do so out of spite.
Is this a case of willful blindness, or are validators looking for a scapegoat to blame for their own shortcomings?
WHY ARE VALIDATORS UPSET?
Once heralded as a powerful new model that would push staking APY to new heights, the SAM has drawn scorn and skepticism from certain validators. Marinadeโs SAM enables validators to bid on network stake, with winners securing stake and passing on elevated rewards to delegators.
To win auctions, validators competitively bid on network stake. However, surging demand for stake has driven validators to bid at potentially unsustainable levels. In previous epochs, winning validators needed to yield over 10% APY to win auctions, a rate considered impossible to achieve through native staking alone.
This has led certain operators to speculate on how these validators can afford such high bids. Suggesting that such yield can only be achieved through malicious activities, like sandwich attacks, private mempools, and off-chain deals, some validators argue that Marinade is turning a blind eye to dishonest validators.
Distressed validators have created analytics dashboards to express their frustrations and support their claims. Hanabiโs โMarinade Stake Sellingโ dashboard highlights that a number of validators flagged for malicious activity have won stake through the SAM.
Responding to accusations levied by third-party dashboard creators, Marinade CEO Michael Repetny argues โHanabi lacks any methodology, they only copy labels from other Stakewiz dashboard to call it a day.โ
Adding further context to the claims of disgruntled operators, Repetny affirms โHanabi lost 1M SOL from Marinade so itโs understandable he fights the new system.โ
Concerned validators have taken to Marinadeโs Discord server to air their grievances. Operators have claimed that, through the SAM, over 2.7M SOL has been staked to questionable validators, including sybils and sandwiches. Disgruntled operators even suggested โMarinade wants you to have side deals, ethical or not.โ
Additionally, validators have argued that if โmost of the mSOL pool is delegated to unethical validators itโs a really bad look for the Solana ecosystem.โ
In an exclusive statement with SolanaFloor, Max Kaplan, Head of Engineering at Edgevana, credits Marinade for trying something inventive that โhad never been done beforeโ.
However, Kaplan admits that Marinade โwent full capitalistโฆ basically, the highest bidder wins. Marinade doesnโt really care if a validator bids for stake and is just gonna lose money on that stake, thatโs not their problemโฆ Theyโre happy to take the money and give that to mSOL holders.โ
Experts argue that in current conditions, staking yield over 10% simply isnโt sustainable. Kaplan contends โ10% APY is higher than the native staking yield that is paid out on chain. The money has to come from somewhere.โ
Without making any accusations, Kaplan theorizes that additional yield could potentially come from a validatorโs own โmarketing/growth budgetโ or other sources like โSWQoS / private mempool dealsโ.
Responding to any accusations, Repetny reinforces Marinade's stance that โSAM provides the best yield on the market for delegators. It is not an active policy maker or opinionated strategy to tweak the network.โ
4 months ago
โช In Colorado, a group of churches tokenizes a chapel worth $2 .5 million.
It could be the world's first tokenized church.
A network of affiliated church groups called the Colorado House of Prayer has tokenized its main chapel in an effort to purchase the building for $2 .5 million.
Pastor Blake Bush said he was compelled by a higher power to use blockchain technology as a tool to advance the group's mission.
โI heard the Lord say, tokenize the buildingโ
It could be the world's first tokenized church.
A network of affiliated church groups called the Colorado House of Prayer has tokenized its main chapel in an effort to purchase the building for $2 .5 million.
Pastor Blake Bush said he was compelled by a higher power to use blockchain technology as a tool to advance the group's mission.
โI heard the Lord say, tokenize the buildingโ
4 months ago
Daily Memecoin Recap - July 26
$sol looks healthy, all we need is to break past $210 so we can aim for a new ATH
Hawk Tuah Comeback
$hawktuah -> $530k to $10 .17m (19.2x)
- elonmusk follows HalieyWelchX
- HawkTuah girl is attending the Bitcoin Conference in Nashville
Influencer Launch
$gyat -> hit $564k , wicked to $4 .4m, emarrbb
Landwolf Pushing
$wolf -> $52 .6m to $166m (3.15x), chart looks very good
Mumu Breaches $200m
$mumu -> $166m to $254m (1.53x)
$mimi -> hit $800k , mimi the bull, " $mumu 's wife ", CTO
Memes That Make You Lose Brain Cells (in a good way)
$brainlet -> $13 .3m to $29 .6m (2.23x), new ATH, pushed by $eth whales
$schizo -> hit $4 .9m
$sgb -> hit $1 .94m, "Screaming Gorilla Bird"
$spaz -> hit $525k , CTO
$pbjt -> hit $474k , "Peanut Butter Jelly Time"
Smoking Chicken Fish Keeps Pushing
$scf -> $35m to $85m (2.43x)
$cfsm -> $510k to $5 .15m (10.1x), Flying Spaghetti Monster, beta to $scf
$crabs -> $179k to $915k (5.11x), Smoking Crab, also a beta to $scf
- Just when you thought it was over, the smoking chicken fish shows you why it deserves more
- This thing has been all over the timeline
Zoomer Meta
$culture -> $1 .8m to $4 .75m (2.64x), "Men of Culture", CTO
$ong -> $396k to $3 .76m (9.5x), "on god"
$real -> $525k to $2 .3m (4.38x), this word is used all the time on social media
$lll -> hit $3 .1m, Live Laugh Love
$kek -> hit $1 .88m, "cult of kek"
$smh -> hit $1 .4m, "so much higher", CTO, KOLs onboard
$utility -> hit $830k , "The best utility is no utility"
$glaze -> hit $500k , slang meaning you're giving excessive praise to someone
$ticker -> hit $311k , "band 4 band"
Cat Memes
$djcat -> $300k to $5 .5m (18.3x), back from the dead, ATH is at $18m
$usdt -> $410k to $2 .73m (6.65x), tiger meme (I guess that still counts as a cat)
$smol -> $160k to $943k (5.9x), "smol cat", after months of consolidation, price exploded these past few days
$t -> hit $1 .5m, cat doing a T pose
More Cooks
$selfie -> $28m to $48m (1.7x), keeps making new ATH's after being dead for a while
$mad -> $15 .5m to $32m (2x), major come back from a low of $700k
$dollar -> $1 .8m to $5 .2m (2.88x)
$dewy -> hit $3 .28m, this meme got hella attention, ansem replied to it, dev burnt 5 figs worth
$miland -> hit $985k , "milady multiverse"
$cussy -> hit $745k , based on JDVance
$zeke -> hit $375k , cute rabbit
$mbc -> hit $300k , "Mutant Boys Club",
Matt_Furies boys club but a mutant variation
$glitched -> hit $267k
$spikey -> hit $250k , a cactus meme
Always remember to take a break & enjoy your weekend ๐ค
$sol looks healthy, all we need is to break past $210 so we can aim for a new ATH
Hawk Tuah Comeback
$hawktuah -> $530k to $10 .17m (19.2x)
- elonmusk follows HalieyWelchX
- HawkTuah girl is attending the Bitcoin Conference in Nashville
Influencer Launch
$gyat -> hit $564k , wicked to $4 .4m, emarrbb
Landwolf Pushing
$wolf -> $52 .6m to $166m (3.15x), chart looks very good
Mumu Breaches $200m
$mumu -> $166m to $254m (1.53x)
$mimi -> hit $800k , mimi the bull, " $mumu 's wife ", CTO
Memes That Make You Lose Brain Cells (in a good way)
$brainlet -> $13 .3m to $29 .6m (2.23x), new ATH, pushed by $eth whales
$schizo -> hit $4 .9m
$sgb -> hit $1 .94m, "Screaming Gorilla Bird"
$spaz -> hit $525k , CTO
$pbjt -> hit $474k , "Peanut Butter Jelly Time"
Smoking Chicken Fish Keeps Pushing
$scf -> $35m to $85m (2.43x)
$cfsm -> $510k to $5 .15m (10.1x), Flying Spaghetti Monster, beta to $scf
$crabs -> $179k to $915k (5.11x), Smoking Crab, also a beta to $scf
- Just when you thought it was over, the smoking chicken fish shows you why it deserves more
- This thing has been all over the timeline
Zoomer Meta
$culture -> $1 .8m to $4 .75m (2.64x), "Men of Culture", CTO
$ong -> $396k to $3 .76m (9.5x), "on god"
$real -> $525k to $2 .3m (4.38x), this word is used all the time on social media
$lll -> hit $3 .1m, Live Laugh Love
$kek -> hit $1 .88m, "cult of kek"
$smh -> hit $1 .4m, "so much higher", CTO, KOLs onboard
$utility -> hit $830k , "The best utility is no utility"
$glaze -> hit $500k , slang meaning you're giving excessive praise to someone
$ticker -> hit $311k , "band 4 band"
Cat Memes
$djcat -> $300k to $5 .5m (18.3x), back from the dead, ATH is at $18m
$usdt -> $410k to $2 .73m (6.65x), tiger meme (I guess that still counts as a cat)
$smol -> $160k to $943k (5.9x), "smol cat", after months of consolidation, price exploded these past few days
$t -> hit $1 .5m, cat doing a T pose
More Cooks
$selfie -> $28m to $48m (1.7x), keeps making new ATH's after being dead for a while
$mad -> $15 .5m to $32m (2x), major come back from a low of $700k
$dollar -> $1 .8m to $5 .2m (2.88x)
$dewy -> hit $3 .28m, this meme got hella attention, ansem replied to it, dev burnt 5 figs worth
$miland -> hit $985k , "milady multiverse"
$cussy -> hit $745k , based on JDVance
$zeke -> hit $375k , cute rabbit
$mbc -> hit $300k , "Mutant Boys Club",
Matt_Furies boys club but a mutant variation
$glitched -> hit $267k
$spikey -> hit $250k , a cactus meme
Always remember to take a break & enjoy your weekend ๐ค
5 months ago
Crypto Community Smug About Global IT Outage, But Does Blockchain Actually Fix This?
A software bug invoked international hysteria when a bug in a Windows content update shut down banks, airlines, and emergency services.
Showcasing the worldโs reliance on centralized systems, a global IT outage brought the world to its knees. Across the planet, major service providers like banks, supermarkets, and logistics companies found themselves unable to operate, causing significant disruption.
Eager to prove its relevance, the crypto community was quick to launch a tirade of smug comments. โCrypto fixes thisโ was heard across social media platforms, with crypto advocates championing blockchain as an obvious solution to singular points of failure.
But is that truly the case? While decentralization aims to eliminate centralized points of failure, would blockchain solutions actually have prevented this widespread technical meltdown?
What Happened?
The chaos began when CrowdStrike, a cybersecurity provider, pushed a defective single content update to Windows hosts. The bug affected millions of Microsoft Windows devices all over the world, causing infinite reboot loops and leaving users staring at Windowsโ infamous BSoD (Blue Screen of Death).
Attempting to bring clarity to the situation CrowdStrike CEO George Kurtz, released a statement on ๐. Assuring affected users that โthis is not a security incident or cyberhackโ, the CEO claims that โthe issue has been identified, isolated, and a fix has been deployedโ.
While Kurtz has indicated that a fix has been deployed, Windows users globally report still being unable to access their devices.
Fortunately, savvy developers were on hand to remedy the situation and provide timely solutions.
Affected users can reboot their Windows devices in Safe Mode and delete the defective update file, or wait until CrowdStrike implemented resolution is distributed.
CRWD stock
In traditional markets, CrowdStrike stock (CRWD) suffered a crippling blow, down 8.82% in todayโs trading, based on NASDAQ data. While this might seem insignificant when compared to cryptoโs volatility, price movements of this scale are uncommon in traditional markets.
Does Crypto Really Fix This?
The crypto community wasted no time calling out the flaws of centralized systems and singular points of failure. Citing mass outages like todayโs as evidence that decentralized systems are the future of infrastructure, crypto advocates were quick to leverage the event as an example of โBitcoin fixes thisโ.
However, not all pockets of the crypto community were in agreement. Several blockchain developers and engineers highlighted that in this specific example, pushing bugged code to production would likely have the same effect to blockchain networks.
Despite the specifics and technicalities, the event serves as a powerful reminder of the flaws in centralized services and singular points of failure. Commentators remarked that societyโs reliance on centralized companies and infrastructure providers doesnโt bode well for our future.
This belief reinforces the viability of DePin technology, which aims to distribute services across a variety of independent providers and establish more secure and reliable infrastructure. Frank Mathis, founder of GenesysGo, highlights the importance of conducting rigorous security checks before pushing software updates.
Cryptocurrency and blockchain technology may not have been a direct solution to this particular problem. However, global outages like the CrowdStrike defect help to promote discussion around the benefits of decentralization and distributed systems.
A software bug invoked international hysteria when a bug in a Windows content update shut down banks, airlines, and emergency services.
Showcasing the worldโs reliance on centralized systems, a global IT outage brought the world to its knees. Across the planet, major service providers like banks, supermarkets, and logistics companies found themselves unable to operate, causing significant disruption.
Eager to prove its relevance, the crypto community was quick to launch a tirade of smug comments. โCrypto fixes thisโ was heard across social media platforms, with crypto advocates championing blockchain as an obvious solution to singular points of failure.
But is that truly the case? While decentralization aims to eliminate centralized points of failure, would blockchain solutions actually have prevented this widespread technical meltdown?
What Happened?
The chaos began when CrowdStrike, a cybersecurity provider, pushed a defective single content update to Windows hosts. The bug affected millions of Microsoft Windows devices all over the world, causing infinite reboot loops and leaving users staring at Windowsโ infamous BSoD (Blue Screen of Death).
Attempting to bring clarity to the situation CrowdStrike CEO George Kurtz, released a statement on ๐. Assuring affected users that โthis is not a security incident or cyberhackโ, the CEO claims that โthe issue has been identified, isolated, and a fix has been deployedโ.
While Kurtz has indicated that a fix has been deployed, Windows users globally report still being unable to access their devices.
Fortunately, savvy developers were on hand to remedy the situation and provide timely solutions.
Affected users can reboot their Windows devices in Safe Mode and delete the defective update file, or wait until CrowdStrike implemented resolution is distributed.
CRWD stock
In traditional markets, CrowdStrike stock (CRWD) suffered a crippling blow, down 8.82% in todayโs trading, based on NASDAQ data. While this might seem insignificant when compared to cryptoโs volatility, price movements of this scale are uncommon in traditional markets.
Does Crypto Really Fix This?
The crypto community wasted no time calling out the flaws of centralized systems and singular points of failure. Citing mass outages like todayโs as evidence that decentralized systems are the future of infrastructure, crypto advocates were quick to leverage the event as an example of โBitcoin fixes thisโ.
However, not all pockets of the crypto community were in agreement. Several blockchain developers and engineers highlighted that in this specific example, pushing bugged code to production would likely have the same effect to blockchain networks.
Despite the specifics and technicalities, the event serves as a powerful reminder of the flaws in centralized services and singular points of failure. Commentators remarked that societyโs reliance on centralized companies and infrastructure providers doesnโt bode well for our future.
This belief reinforces the viability of DePin technology, which aims to distribute services across a variety of independent providers and establish more secure and reliable infrastructure. Frank Mathis, founder of GenesysGo, highlights the importance of conducting rigorous security checks before pushing software updates.
Cryptocurrency and blockchain technology may not have been a direct solution to this particular problem. However, global outages like the CrowdStrike defect help to promote discussion around the benefits of decentralization and distributed systems.
5 months ago
Daily Memecoin Recap - July 15
Majors are pumping & news is coming out every day
Volume is up, lock tf in
Trump Meta
$fight -> $8 .65m to $20 .1m (2.32x), After Trump got shot footage shows him saying "Fight"
$inside -> $72k to $942k (13x), "the Trump shooting was an inside job"
$fearnot -> hit $5 .8m,
realDonaldTrump's new slogan, CTO
$nofear -> hit $2m
$bandage -> hit $356k , picture of Trump with a bandage
Vance announced as Trump's VP
$vunce -> $1 .34m to $7 .3m (5.44x), redacted JDVance1
$vence -> $803k to $6 .84m (8.5x), another redacted Vance
$vance -> hit $2m
$voonce -> hit $565k
$vance99 -> hit $400k , Vance's 1999 Honda Civic, based on an old tweet
- During Today's Republican National Convention, Trump announced Senator J.D. Vance as his pick for Vice President
- Perfect example of a sell the news event. Initial pump on the news which gets immediately sold off as there's nothing else to look forward to
Crypto-Twitter Approved
$sigma -> $1 .81m to $4 .98m (2.75x)
$thanks -> hit $2 .3m, "Thanks For Playing"
$something -> hit $1 .4m, "Believe In Something", popular sentence on CT, CTO
$signs -> hit $590k , "There Will Be Signs"
High Market Cap Coins
$wif -> $1 .5b to $2 .22b (1.48x)
$popcat -> $340m to $886m (2.6x)
$billy -> $93m to $184 .5 (1.98x)
$michi -> $52m to $127 .5 (2.45x)
$wolf -> $52 .7m to $120 .4m (2.28x)
$mumu -> $41m to $80m (1.95x)
$sc -> $18m to $38m (2.11x)
- As the market recovers, high mc coins are bouncing off support
Spike Team Rugs Their Relaunch
$spike -> $48m to $1 .14m (-97.5%)
- After rugging their first token, they decided to relaunch
- People thought they were actually going to push it this time
- Instead it was heavily sold off following a bitget listing
- A lot of teams have been relaunching lately, relaunches rarely perform well
Dog Memes
$bob -> $1 .6m to $6 .2m (3.87x), CTO, cute dog
$dog -> hit $8m , very strong CTO
$donie -> hit $1 .75m, trump + dog meta
$shark -> hit $1 .4m, "Shark Inu"
$brah -> hit $894k , a bunch of KOLs bought this early, CTO
$dot -> hit $530k
Hyped Launches
$cafe -> hit $7m , heavily sniped
$usa -> hit $470k
More Cooks
$hehe -> $1 .5m to $9 .3m (6.2x), cute cat + hehe
$popfish -> hit $900k , $popcat + fish, pushed by some KOLs
$chad -> hit $730k , popular meme
$ewok -> hit $583k , good art, $nub vibes
$buffet -> hit $350k , viral video
Great start to the week, can we keep these good vibes coming?
$sol broke $155 , look for a retest of the lows to stack up
Happy trading mfs ๐ค
Majors are pumping & news is coming out every day
Volume is up, lock tf in
Trump Meta
$fight -> $8 .65m to $20 .1m (2.32x), After Trump got shot footage shows him saying "Fight"
$inside -> $72k to $942k (13x), "the Trump shooting was an inside job"
$fearnot -> hit $5 .8m,
realDonaldTrump's new slogan, CTO
$nofear -> hit $2m
$bandage -> hit $356k , picture of Trump with a bandage
Vance announced as Trump's VP
$vunce -> $1 .34m to $7 .3m (5.44x), redacted JDVance1
$vence -> $803k to $6 .84m (8.5x), another redacted Vance
$vance -> hit $2m
$voonce -> hit $565k
$vance99 -> hit $400k , Vance's 1999 Honda Civic, based on an old tweet
- During Today's Republican National Convention, Trump announced Senator J.D. Vance as his pick for Vice President
- Perfect example of a sell the news event. Initial pump on the news which gets immediately sold off as there's nothing else to look forward to
Crypto-Twitter Approved
$sigma -> $1 .81m to $4 .98m (2.75x)
$thanks -> hit $2 .3m, "Thanks For Playing"
$something -> hit $1 .4m, "Believe In Something", popular sentence on CT, CTO
$signs -> hit $590k , "There Will Be Signs"
High Market Cap Coins
$wif -> $1 .5b to $2 .22b (1.48x)
$popcat -> $340m to $886m (2.6x)
$billy -> $93m to $184 .5 (1.98x)
$michi -> $52m to $127 .5 (2.45x)
$wolf -> $52 .7m to $120 .4m (2.28x)
$mumu -> $41m to $80m (1.95x)
$sc -> $18m to $38m (2.11x)
- As the market recovers, high mc coins are bouncing off support
Spike Team Rugs Their Relaunch
$spike -> $48m to $1 .14m (-97.5%)
- After rugging their first token, they decided to relaunch
- People thought they were actually going to push it this time
- Instead it was heavily sold off following a bitget listing
- A lot of teams have been relaunching lately, relaunches rarely perform well
Dog Memes
$bob -> $1 .6m to $6 .2m (3.87x), CTO, cute dog
$dog -> hit $8m , very strong CTO
$donie -> hit $1 .75m, trump + dog meta
$shark -> hit $1 .4m, "Shark Inu"
$brah -> hit $894k , a bunch of KOLs bought this early, CTO
$dot -> hit $530k
Hyped Launches
$cafe -> hit $7m , heavily sniped
$usa -> hit $470k
More Cooks
$hehe -> $1 .5m to $9 .3m (6.2x), cute cat + hehe
$popfish -> hit $900k , $popcat + fish, pushed by some KOLs
$chad -> hit $730k , popular meme
$ewok -> hit $583k , good art, $nub vibes
$buffet -> hit $350k , viral video
Great start to the week, can we keep these good vibes coming?
$sol broke $155 , look for a retest of the lows to stack up
Happy trading mfs ๐ค
5 months ago
(E)
10 - 100x Play !
Trump's VP will be announced today
Potential Tickers:
$VENCE C1aUK5VpDoEKqsvDpc7gQf1HVdgbrw3kwXE7KEbJpump
$VUNCE 5wVtmYfYeMu3KY3WfwdV7vQhE9ikUM8nyhbLqHH2pump
$ROOB
gYgUiBNGMgHiKC2aReo12JTp5rJP4WpR892hFcbpump
$BURGAM : HfW5LzeZWdyFSGfCZ3aNDzqY5kshRtq1ZVqxWuiWxXYv
$REBIO 8ox5sWDfRAHh8LwzRkmYUQw6MfzngVLgtgEmWJaBxQDo
$SCUTT
6JeLfdXNHbzspiYeYC4EjqHv1yQkStkX6yPj4XTbFWp9
$VIVOOK 6VeSg58mGb8SGuJ8VPq8JcrD8WdfHemCvvUJrfK8pump
New ones will be created for sure !
Vance, Rubio and Burgum are top picks.
Vance just left his home escorted by the secret service.
This is not financial advice.
Follow Trump on Truth Social, he is is not (yet) on BullVerse.
He just requested protection for Robert F. Kennedy.
Trump's VP will be announced today
Potential Tickers:
$VENCE C1aUK5VpDoEKqsvDpc7gQf1HVdgbrw3kwXE7KEbJpump
$VUNCE 5wVtmYfYeMu3KY3WfwdV7vQhE9ikUM8nyhbLqHH2pump
$ROOB
gYgUiBNGMgHiKC2aReo12JTp5rJP4WpR892hFcbpump
$BURGAM : HfW5LzeZWdyFSGfCZ3aNDzqY5kshRtq1ZVqxWuiWxXYv
$REBIO 8ox5sWDfRAHh8LwzRkmYUQw6MfzngVLgtgEmWJaBxQDo
$SCUTT
6JeLfdXNHbzspiYeYC4EjqHv1yQkStkX6yPj4XTbFWp9
$VIVOOK 6VeSg58mGb8SGuJ8VPq8JcrD8WdfHemCvvUJrfK8pump
New ones will be created for sure !
Vance, Rubio and Burgum are top picks.
Vance just left his home escorted by the secret service.
This is not financial advice.
Follow Trump on Truth Social, he is is not (yet) on BullVerse.
He just requested protection for Robert F. Kennedy.
5 months ago
The Legacy of Zuzalu: One Year Later ๐
Can the ephemeral city experiment inspired by Vitalik live on?
One year ago this week, our very own
TrustlessState shared details about his experience living with some of cryptoโs brightest minds in the ephemeral city called Zuzalu.
You can read David's full breakdown of his experience below:
๐ http://bankless.cc/David_Z...
This popup city housed over 200 people from diverse regions and fields for two months. David conducted a number of interviews with fellow attendees during this time on topics spanning zero-knowledge proofs, longevity and biotech, network states, and public goods. You can check out those conversations below.
๐ http://bankless.cc/ZuzaluC...
Inspired and initiated by VitalikButerin, Zuzalu blended structure and spontaneity to construct a successful experiment, but almost immediately after the ephemeral city dispersed, attendees wondered how they could keep the fire of Zuzalu alive and continue to offer places for the ethos of Ethereum to connect with disparate emerging technologies.
Letโs take a look at what theyโve been up to since ๐
๐ก The Rise of Zu-Villages
The success of Zuzalu sparked interest in continuing the concept of crypto pop-up cities called Zu-villages.
Earlier this year, a gitcoin grants program offered 250 ETH in funding for creating Zu-villages and Zu-related technology. The round ran from Jan. 15 to Feb. 15, providing funding for 32 events like JoinEdgeCity, Esmerelda and ZuBerlinCity, which are currently running or have just finished, and 28 tools like ZupassProject and MuseMatrix_, a DeSci research institute.
Many of these tie into Zuzalu City, a community hub for Zu-villages and related software, including a calendar of pop-up cities like the few we've highlighted below:
Edge Esmeralda
The ongoing Edge Esmeralda is a month-long popup village focused on incubating novel technologies and new ways of living, aiming to build a foundation for a permanent new town, Esmeralda, around Healdsburg, CA. With $217K in funding from the Zuzalu grants round, Esmeralda put together a series of events centered around human organization, robotics, artificial intelligence, real-world crypto applications, and health and longevity.
The rise of Zu-villages illustrates the enduring impact of Zuzalu, with these pop-up cities continuing to foster collaboration, technological advancement, and a decentralized way of living across the globe.
These pop-up villages demonstrate a model where individuals can co-live, co-work, and co-create, blurring the lines between professional collaboration and communal living to create atmospheres aligned with personal sovereignty and collective problem-solving. The transient nature of these communities allows for flexibility and adaptability, where new ideas can be tested and refined in real time.
It highlights a future where governance is more fluid, technology enhances participants' health, and community building is a continuous, evolving process.
By providing spaces for like-minded individuals to come together, Zuzalu and its successors create fertile ground for social experimentation and technological innovation. They embody the spirit of decentralized, autonomous living, further reflecting the broader societal trends towards alternative lifestyles in the digital age. Overall, the legacy of Zuzalu lies in its ability to inspire and enact a vision of a forward-thinking world, where dynamic, transient communities can thrive and innovate, and tech and health exist in harmony.
Written by davewardonline
Can the ephemeral city experiment inspired by Vitalik live on?
One year ago this week, our very own
TrustlessState shared details about his experience living with some of cryptoโs brightest minds in the ephemeral city called Zuzalu.
You can read David's full breakdown of his experience below:
๐ http://bankless.cc/David_Z...
This popup city housed over 200 people from diverse regions and fields for two months. David conducted a number of interviews with fellow attendees during this time on topics spanning zero-knowledge proofs, longevity and biotech, network states, and public goods. You can check out those conversations below.
๐ http://bankless.cc/ZuzaluC...
Inspired and initiated by VitalikButerin, Zuzalu blended structure and spontaneity to construct a successful experiment, but almost immediately after the ephemeral city dispersed, attendees wondered how they could keep the fire of Zuzalu alive and continue to offer places for the ethos of Ethereum to connect with disparate emerging technologies.
Letโs take a look at what theyโve been up to since ๐
๐ก The Rise of Zu-Villages
The success of Zuzalu sparked interest in continuing the concept of crypto pop-up cities called Zu-villages.
Earlier this year, a gitcoin grants program offered 250 ETH in funding for creating Zu-villages and Zu-related technology. The round ran from Jan. 15 to Feb. 15, providing funding for 32 events like JoinEdgeCity, Esmerelda and ZuBerlinCity, which are currently running or have just finished, and 28 tools like ZupassProject and MuseMatrix_, a DeSci research institute.
Many of these tie into Zuzalu City, a community hub for Zu-villages and related software, including a calendar of pop-up cities like the few we've highlighted below:
Edge Esmeralda
The ongoing Edge Esmeralda is a month-long popup village focused on incubating novel technologies and new ways of living, aiming to build a foundation for a permanent new town, Esmeralda, around Healdsburg, CA. With $217K in funding from the Zuzalu grants round, Esmeralda put together a series of events centered around human organization, robotics, artificial intelligence, real-world crypto applications, and health and longevity.
The rise of Zu-villages illustrates the enduring impact of Zuzalu, with these pop-up cities continuing to foster collaboration, technological advancement, and a decentralized way of living across the globe.
These pop-up villages demonstrate a model where individuals can co-live, co-work, and co-create, blurring the lines between professional collaboration and communal living to create atmospheres aligned with personal sovereignty and collective problem-solving. The transient nature of these communities allows for flexibility and adaptability, where new ideas can be tested and refined in real time.
It highlights a future where governance is more fluid, technology enhances participants' health, and community building is a continuous, evolving process.
By providing spaces for like-minded individuals to come together, Zuzalu and its successors create fertile ground for social experimentation and technological innovation. They embody the spirit of decentralized, autonomous living, further reflecting the broader societal trends towards alternative lifestyles in the digital age. Overall, the legacy of Zuzalu lies in its ability to inspire and enact a vision of a forward-thinking world, where dynamic, transient communities can thrive and innovate, and tech and health exist in harmony.
Written by davewardonline
5 months ago
๐ Worldcoin hires former Google, X and Apple executives to strengthen privacy and security.
Tools for Humanity has hired 4 executives to advance its mission to ensure a fairer economic system.
https://www.coindesk.com/b...
Tools for Humanity has hired 4 executives to advance its mission to ensure a fairer economic system.
https://www.coindesk.com/b...
5 months ago
Crypto in 2024: Mid-Year Reflections
4 takeaways ๐
Crypto moves fast โ like blink-and-you-missed-it fast.
The first half of this year has been no different, with new chains and applications emerging daily and the crypto industry gaining mainstream acceptance in the financial world.
Amid the Twitter echo chambers and the frenzy of bull market price action, it's easy to lose sight of the bigger picture. So, let's zoom out and focus on the signal amid the noise.
TL;DR Crypto is just getting started; don't get shaken out.
Today, weโll take a step back to reflect on the key developments of H1 2024, exploring the significant events and trends that highlight the progress we've made this year. ๐
1๏ธโฃ Crypto is now mainstream
Remember the days when crypto was a niche plaything for cypherpunks? Those days are well over.
In the first half of 2024, crypto broke through to the mainstream with a vengeance.
The turning point was the long-awaited approval of spot Bitcoin ETFs in January. Suddenly, Wall Street had a comfortable on-ramp to crypto, and they took it in a big way. Eleven ETFs launched in one day, and volumes broke records.
And it didnโt stop at Bitcoin. The SEC finally greenlit eight spot ETH ETFs in May, further validating the entire crypto ecosystem, and opening the door for even broader institutional adoption.
2๏ธโฃ Crypto Adoption Accelerating
Crypto adoption is accelerating at a remarkable pace. The number of active users across blockchains is up big time, hitting an all-time high of 42.92 million active addresses in April.
Another factor is the resurgence of DeFi. DeFi activity and mindshare are on the rise again, signaling a renewed interest and activity onchain, one that's moving beyond simple speculation to perhaps some real-world utility, like in the form of stablecoins for payments and asset tokenization for RWAs such as government securities.
The momentum is clear: more people are coming onchain, and they're finding more reasons to stay.
3๏ธโฃ Ethereum Still Dominant, But Solana Rising
Ethereum remains the dominant force in crypto. Over 60% of the total value locked in DeFi sits on Ethereum, a testament to the lindy ecosystem, which acts as a foundation for countless applications and chains.
This dominance is not just a matter of capital but also technological progress on the roadmap. Ethereum is scaling through L2s like Base who have seen robust adoption this year, and thanks to the most recent Dencun upgrade, offer users significantly lowered gas fees.
Moreover, Solanaโs innovation engine is running hot. Tech advancements like zk-compression and user-friendly features like Blinks are setting the stage for broader adoption, and we can see that Solanaโs network effects are taking root in real time.
Make no mistake: Ethereum isn't going anywhere. Its established network effects and vast developer community ensure its continued importance in crypto. But Solana's impressive strides can't be ignored. Both ecosystems are thriving, each in its unique way. This parallel adoption is a win for crypto users, as it accelerates innovations and drives the entire industry forward.
4๏ธโฃ More Chop Ahead, Then Up-Only
Bitcoin broke its all-time high in March, briefly breaching the $70 ,000 mark. While that party seemed to end pretty abruptly, let's not get carried away. This bull market is far from over.
The long-awaited ETH ETFs are nearly here, interest rate cuts are likely on the way, and crypto will likely continue to earn a place on the national stage during the U.S. elections with potential positive policy shifts in play.
๐ญ Closing Thoughts
So, has the first half of 2024 been all smooth sailing for crypto? Not quite.
The bull market must go
4 takeaways ๐
Crypto moves fast โ like blink-and-you-missed-it fast.
The first half of this year has been no different, with new chains and applications emerging daily and the crypto industry gaining mainstream acceptance in the financial world.
Amid the Twitter echo chambers and the frenzy of bull market price action, it's easy to lose sight of the bigger picture. So, let's zoom out and focus on the signal amid the noise.
TL;DR Crypto is just getting started; don't get shaken out.
Today, weโll take a step back to reflect on the key developments of H1 2024, exploring the significant events and trends that highlight the progress we've made this year. ๐
1๏ธโฃ Crypto is now mainstream
Remember the days when crypto was a niche plaything for cypherpunks? Those days are well over.
In the first half of 2024, crypto broke through to the mainstream with a vengeance.
The turning point was the long-awaited approval of spot Bitcoin ETFs in January. Suddenly, Wall Street had a comfortable on-ramp to crypto, and they took it in a big way. Eleven ETFs launched in one day, and volumes broke records.
And it didnโt stop at Bitcoin. The SEC finally greenlit eight spot ETH ETFs in May, further validating the entire crypto ecosystem, and opening the door for even broader institutional adoption.
2๏ธโฃ Crypto Adoption Accelerating
Crypto adoption is accelerating at a remarkable pace. The number of active users across blockchains is up big time, hitting an all-time high of 42.92 million active addresses in April.
Another factor is the resurgence of DeFi. DeFi activity and mindshare are on the rise again, signaling a renewed interest and activity onchain, one that's moving beyond simple speculation to perhaps some real-world utility, like in the form of stablecoins for payments and asset tokenization for RWAs such as government securities.
The momentum is clear: more people are coming onchain, and they're finding more reasons to stay.
3๏ธโฃ Ethereum Still Dominant, But Solana Rising
Ethereum remains the dominant force in crypto. Over 60% of the total value locked in DeFi sits on Ethereum, a testament to the lindy ecosystem, which acts as a foundation for countless applications and chains.
This dominance is not just a matter of capital but also technological progress on the roadmap. Ethereum is scaling through L2s like Base who have seen robust adoption this year, and thanks to the most recent Dencun upgrade, offer users significantly lowered gas fees.
Moreover, Solanaโs innovation engine is running hot. Tech advancements like zk-compression and user-friendly features like Blinks are setting the stage for broader adoption, and we can see that Solanaโs network effects are taking root in real time.
Make no mistake: Ethereum isn't going anywhere. Its established network effects and vast developer community ensure its continued importance in crypto. But Solana's impressive strides can't be ignored. Both ecosystems are thriving, each in its unique way. This parallel adoption is a win for crypto users, as it accelerates innovations and drives the entire industry forward.
4๏ธโฃ More Chop Ahead, Then Up-Only
Bitcoin broke its all-time high in March, briefly breaching the $70 ,000 mark. While that party seemed to end pretty abruptly, let's not get carried away. This bull market is far from over.
The long-awaited ETH ETFs are nearly here, interest rate cuts are likely on the way, and crypto will likely continue to earn a place on the national stage during the U.S. elections with potential positive policy shifts in play.
๐ญ Closing Thoughts
So, has the first half of 2024 been all smooth sailing for crypto? Not quite.
The bull market must go
5 months ago
Wondering about Maestro Premium?
With Premium you get ALL the bells and whistles:
๐ค Speed Boost
๐ค Advanced Simulations
๐ค Maestro Trending List
๐ค 30 Concurrent Trades
๐ค 96-Hour Trade Monitors
๐ค 9 Multi-Wallets
๐ค 10 Copytrade Wallets
๐ค 5 Concurrent God Mode/Auto Snipes
๐ค Alpha Counter
๐ค Last Seen Feature
๐ค Yacht Club Membership (private chat)
๐ค Early Access to New Features
Type /premium in the bot to get started.
#MaestroBots #TradingBot #crypto #defi #Blockchain $ETH #Ethereum , $TON #TON , $BASE #Base #Solana $SOL , $METIS #Metis , $AVAX #Avalanche , $ARB #Arbitrum , $BNB #BinanceSmartChain
With Premium you get ALL the bells and whistles:
๐ค Speed Boost
๐ค Advanced Simulations
๐ค Maestro Trending List
๐ค 30 Concurrent Trades
๐ค 96-Hour Trade Monitors
๐ค 9 Multi-Wallets
๐ค 10 Copytrade Wallets
๐ค 5 Concurrent God Mode/Auto Snipes
๐ค Alpha Counter
๐ค Last Seen Feature
๐ค Yacht Club Membership (private chat)
๐ค Early Access to New Features
Type /premium in the bot to get started.
#MaestroBots #TradingBot #crypto #defi #Blockchain $ETH #Ethereum , $TON #TON , $BASE #Base #Solana $SOL , $METIS #Metis , $AVAX #Avalanche , $ARB #Arbitrum , $BNB #BinanceSmartChain
5 months ago
Daily Memecoin Recap - June 26
We never know how long a hot market will last
Take advantage of all opportunities
Political Coins
$vunce -> hit $682k , based on JDVance1
, potential for him to become Trump's VP
$debate -> hit $510k , realDonaldTrump vs POTUS
debate is tomorrow
Amber Rose Launching Soon
$amber -> hit $685k , DaRealAmberRose
, she has NOT launched yet
$muva -> hit $510k
- Fake coins coming out
- People are speculating that her coin might have already launched
- Important to note, $jason was rugged by Sahil & Jason Derulo then "CTO'd" that coin
- People are now waging that the same playbook will be ran by other influencers
Jason Derulo Engages with Crypto Twitter
$jason -> $11 .5m to $36 .8m (3.2x),
$ice -> hit $500k , Jason's Dog
Influencer Coins
$lilpump -> $2 .32m to $5 .5m (2.37x), coming back to life as
lilpump tries to push it $faddy -> hit $1 .6m,
Cat Memes
$sc -> $325k to $5 .4m (13.23x)
$bobby -> hit $3 .3m, good CTO team
$gloop -> hit $2 .3m, instantly ran to millions after migrating to raydium
$ichi -> hit $595k , when you search "cat", this is the first one to pop up on Google, CTO
Moni Secures a Gotbit Partnership
$moni -> hit $17 .1m, bird meme,
Hawk Tuah Still Alive
$HawkTuah -> $5 .29m to $15 .5m (2.93x),
elonmusk posted a picture of a hawk
More Cooks
$bucky -> $4 .5m to $24 .5m (5.44x), good team
$gol -> $465k to $5m (10.75x), dead coin came back to life
$zaza -> $590k to $2m (3.39x), slowly climbing towards ATH
$sprite -> $400k to $1 .1m (2.75x), "McDonald's Sprite"
$gond -> hit $1 .8m
$ily -> hit $970k , CTO on an old coin
$saudi -> hit $808k , "Saudi Habibi"
$ham -> hit $800k , "first ape on the moon", launched on
dexscreener's moonshot
$cart -> hit $735k , Target Cart Basket
Remember to prioritize risk management at all times
You should not be stressed while in a trade as this will make you act emotionally
Happy Trading๐ค
We never know how long a hot market will last
Take advantage of all opportunities
Political Coins
$vunce -> hit $682k , based on JDVance1
, potential for him to become Trump's VP
$debate -> hit $510k , realDonaldTrump vs POTUS
debate is tomorrow
Amber Rose Launching Soon
$amber -> hit $685k , DaRealAmberRose
, she has NOT launched yet
$muva -> hit $510k
- Fake coins coming out
- People are speculating that her coin might have already launched
- Important to note, $jason was rugged by Sahil & Jason Derulo then "CTO'd" that coin
- People are now waging that the same playbook will be ran by other influencers
Jason Derulo Engages with Crypto Twitter
$jason -> $11 .5m to $36 .8m (3.2x),
$ice -> hit $500k , Jason's Dog
Influencer Coins
$lilpump -> $2 .32m to $5 .5m (2.37x), coming back to life as
lilpump tries to push it $faddy -> hit $1 .6m,
Cat Memes
$sc -> $325k to $5 .4m (13.23x)
$bobby -> hit $3 .3m, good CTO team
$gloop -> hit $2 .3m, instantly ran to millions after migrating to raydium
$ichi -> hit $595k , when you search "cat", this is the first one to pop up on Google, CTO
Moni Secures a Gotbit Partnership
$moni -> hit $17 .1m, bird meme,
Hawk Tuah Still Alive
$HawkTuah -> $5 .29m to $15 .5m (2.93x),
elonmusk posted a picture of a hawk
More Cooks
$bucky -> $4 .5m to $24 .5m (5.44x), good team
$gol -> $465k to $5m (10.75x), dead coin came back to life
$zaza -> $590k to $2m (3.39x), slowly climbing towards ATH
$sprite -> $400k to $1 .1m (2.75x), "McDonald's Sprite"
$gond -> hit $1 .8m
$ily -> hit $970k , CTO on an old coin
$saudi -> hit $808k , "Saudi Habibi"
$ham -> hit $800k , "first ape on the moon", launched on
dexscreener's moonshot
$cart -> hit $735k , Target Cart Basket
Remember to prioritize risk management at all times
You should not be stressed while in a trade as this will make you act emotionally
Happy Trading๐ค
5 months ago
Bonfida the name service platform on Solana has announced the expansion of Solana Name Service to #Base
There you'd get
โข Cross-chain identity
โข Enhanced user experience
โข Boosted adoption
These are advancements that align with the mission of global decentralized identities, anchored by Solana as the definitive source.
There you'd get
โข Cross-chain identity
โข Enhanced user experience
โข Boosted adoption
These are advancements that align with the mission of global decentralized identities, anchored by Solana as the definitive source.
6 months ago
Is OP_CAT the missing piece for BTC L2s?
This opcode has everyone talking; what does it do?
A beginner's guide ๐
Bitcoin L2s are the talk of the town, but not much of their promise has been realized yet.
What are Bitcoin's builders waiting for?
One significant proposal could help mature the Bitcoin L2 landscape: the reintroduction of OP_CAT. This opcode, which was disabled early in Bitcoin's history, could unlock new capabilities and pave the way for more sophisticated and trustless Bitcoin L2 solutions.
Let's dig into why this opcode could be so transformative for BTC ๐
What is OP_CAT?
Okay, so why is this seemingly random opcode so controversial? OP_CAT, or "Operation Concatenate" is an opcode in Bitcoin's scripting language that allows for the concatenation of two data elements.
Initially proposed by Satoshi Nakamoto, OP_CAT was disabled in 2010 due to security concerns related to its original implementation, specifically potential denial-of-service (DoS) attacks caused by unbounded memory usage.
The introduction of the Taproot upgrade in 2021 has mitigated these original concerns. Taproot enforces a maximum stack element size of 520 bytes, addressing the memory usage issue that led to OP_CAT's deactivation. With this security improvement and resurgent Bitcoin development interest, thanks to Ordinals and Runes, a movement to reintroduce OP_CAT to enhance Bitcoin's scripting capabilities is gaining steam, aiming to put more complex transaction capabilities in reach.
Are Covenants and Smart Contracts Different?
One reason why OP_CAT is so compelling is because it can actualize covenants, i.e. spending conditions, on Bitcoin. Covenants and smart contracts are both mechanisms for controlling the flow of funds in a blockchain network, but they operate in distinct ways.
Covenants:
Purpose: Restrict how funds can be spent in future transactions.
Functionality: Implement specific spending constraints, such as limiting addresses or setting conditions on fund transfers.
Complexity: Generally involves simpler, deterministic logic without loops or complex computations.
Implementation: Can be implemented using Bitcoin Script with enhancements like OP_CAT.
Smart Contracts:
Purpose: Automate a wide range of processes and transactions.
Functionality: Handle complex tasks such as decentralized exchanges, token issuance, and multi-party agreements.
Complexity: Support complex conditional logic, including loops and intricate computations.
Implementation: Commonly implemented on platforms like Ethereum using high-level programming languages.
Why Does OP_CAT Matter for Bitcoin L2s?
OP_CAT would prove crucial for advancing Bitcoin L2 solutions because it enhances the scripting capabilities needed for more complex and trustless Bitcoin infra. First, OP_CAT allows for covenants, enabling the construction of more complex scripts. This is essential for creating advanced transaction conditions and functionalities required for L2 solutions.
Additionally, if OP_CAT is activated, projects like StarkWareLtdare on standby to develop atop it. StarkWare has plans to leverage OP_CAT for bringing zero-knowledge (ZK) scaling to #Bitcoin to enable advanced financial instruments and apps on the network. StarkWareโs involvement here underscores the broader ecosystem's readiness to capitalize on the enhanced capabilities that OP_CAT would introduce.
As such, as the community continues to explore and test the possibilities around this proposal, the future of Bitcoin L2s looks promising and ripe with potential. At this point, reactivating OP_CAT seems like a matter of when not if!
Written by
WPeaster
This opcode has everyone talking; what does it do?
A beginner's guide ๐
Bitcoin L2s are the talk of the town, but not much of their promise has been realized yet.
What are Bitcoin's builders waiting for?
One significant proposal could help mature the Bitcoin L2 landscape: the reintroduction of OP_CAT. This opcode, which was disabled early in Bitcoin's history, could unlock new capabilities and pave the way for more sophisticated and trustless Bitcoin L2 solutions.
Let's dig into why this opcode could be so transformative for BTC ๐
What is OP_CAT?
Okay, so why is this seemingly random opcode so controversial? OP_CAT, or "Operation Concatenate" is an opcode in Bitcoin's scripting language that allows for the concatenation of two data elements.
Initially proposed by Satoshi Nakamoto, OP_CAT was disabled in 2010 due to security concerns related to its original implementation, specifically potential denial-of-service (DoS) attacks caused by unbounded memory usage.
The introduction of the Taproot upgrade in 2021 has mitigated these original concerns. Taproot enforces a maximum stack element size of 520 bytes, addressing the memory usage issue that led to OP_CAT's deactivation. With this security improvement and resurgent Bitcoin development interest, thanks to Ordinals and Runes, a movement to reintroduce OP_CAT to enhance Bitcoin's scripting capabilities is gaining steam, aiming to put more complex transaction capabilities in reach.
Are Covenants and Smart Contracts Different?
One reason why OP_CAT is so compelling is because it can actualize covenants, i.e. spending conditions, on Bitcoin. Covenants and smart contracts are both mechanisms for controlling the flow of funds in a blockchain network, but they operate in distinct ways.
Covenants:
Purpose: Restrict how funds can be spent in future transactions.
Functionality: Implement specific spending constraints, such as limiting addresses or setting conditions on fund transfers.
Complexity: Generally involves simpler, deterministic logic without loops or complex computations.
Implementation: Can be implemented using Bitcoin Script with enhancements like OP_CAT.
Smart Contracts:
Purpose: Automate a wide range of processes and transactions.
Functionality: Handle complex tasks such as decentralized exchanges, token issuance, and multi-party agreements.
Complexity: Support complex conditional logic, including loops and intricate computations.
Implementation: Commonly implemented on platforms like Ethereum using high-level programming languages.
Why Does OP_CAT Matter for Bitcoin L2s?
OP_CAT would prove crucial for advancing Bitcoin L2 solutions because it enhances the scripting capabilities needed for more complex and trustless Bitcoin infra. First, OP_CAT allows for covenants, enabling the construction of more complex scripts. This is essential for creating advanced transaction conditions and functionalities required for L2 solutions.
Additionally, if OP_CAT is activated, projects like StarkWareLtdare on standby to develop atop it. StarkWare has plans to leverage OP_CAT for bringing zero-knowledge (ZK) scaling to #Bitcoin to enable advanced financial instruments and apps on the network. StarkWareโs involvement here underscores the broader ecosystem's readiness to capitalize on the enhanced capabilities that OP_CAT would introduce.
As such, as the community continues to explore and test the possibilities around this proposal, the future of Bitcoin L2s looks promising and ripe with potential. At this point, reactivating OP_CAT seems like a matter of when not if!
Written by
WPeaster
6 months ago
BULL on this post = sign my petition
Bullverse developers I want to be able to just Ctrl C + Ctrl V images, I dont want to save every screen I make to post it here, guys it's not THAT complicated.๐น
Thanks in advance.๐
Bullverse developers I want to be able to just Ctrl C + Ctrl V images, I dont want to save every screen I make to post it here, guys it's not THAT complicated.๐น
Thanks in advance.๐
Sponsored by
Kitten Haimer
15 days ago
Kitten Haimer
Discover the World of Kitten Haimer
