BRRR 💸💸💸
In today’s edition: 💥🌚 Memecoins to the moon?, 🌌 SOL's takeover, 🔮 Crypto's new era dawns, 💰 Helius's $21.75M boost, and more!
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Trump’s Crypto Project May Attract Hackers. That’s Why This Security Expert Joined
Crypto security expert Ogle is advising World Liberty Financial to make sure the normies don’t get burned.
World Liberty Financial (WLF), the Trump-backed DeFi project, launched this Monday.
In this episode, crypto security expert Ogle discusses his role as an advisor to WLF. He dives into why he joined the project, what makes it unique, and how Trump’s involvement could bridge the gap for many who are new to the space.
Plus, Ogle shares his thoughts on the security challenges WLF might face and the project’s potential to rival major players in the market.
He also touches on his new layer 1 blockchain Glue, and why he thinks it will provide a better user experience than what is out in crypto today.
Listen to the episode on Apple Podcasts, Spotify, Pods, Fountain, Podcast Addict, Pocket Casts, Amazon Music, or on your favorite podcast platform.
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What’s Poppin’?
by Veronica Irwin, Sage Young, and Juan Aranovich
Fed Rate Cut Should Spur Crypto Investors to Load up on Memecoins, Asymmetric Founder Tells Token2049
A boost to liquidity should shift investors’ risk perception, favoring meme tokens, which high-profile trader Ansem describes as the best play on networks’ native tokens.
Fed Cuts Rates for First Time Since 2020; Bitcoin Remains Mostly Flat
The central bank’s move appears to have been already priced in by crypto markets.
SOL on Course to Flip ETH, Says Multicoin Capital’s Kyle Samani
The managing partner for the heavyweight digital asset investment firm heaps praise on Solana as he suggests Ethereum suffers from sluggish development, an identity crisis, and a hemorrhage of user fees to layer 2s.
Buterin at Token2049: ‘We’re Not Early to Crypto, But We’re Early to Crypto Being Usable’
Today’s Ethereum ecosystem has vastly lower transaction fees and a greatly improved user experience, providing builders with both decentralization and practicality, the network’s co-founder said.
Solana Developer Platform Helius Raises $21.75 Million in Series B Round
The Helius platform runs the largest validator on Solana by amount of active stake.
Daily Bits… ✍️✍️✍
💱 Fintech giant Revolut is reportedly developing its own stablecoin, aiming to expand its crypto offerings and compete with major players such as Tether and Circle.
⚙️ Ethereum developers are considering splitting the upcoming "Pectra" upgrade into two forks, with the first part potentially launching as early as February 2025.
💻 Hacking group Dark Angels pulled off the largest known ransomware attack, receiving $75 million in bitcoin after targeting drug distributor Cencora earlier this year.
🚨 Ethena Labs temporarily shut down its frontend website after its domain registrar account was compromised, warning users to avoid interactions with any potentially malicious sites.
⚖️ The SEC charged DeFi platform Rari Capital and its co-founders for misleading investors and conducting unregistered broker activity, settling the case without admission of guilt from the defendants.
Today in Crypto Adoption...
☁️ Google Cloud launched a new Ethereum-compatible blockchain RPC service, enabling developers to access blockchain data through API calls, with plans to support additional blockchains in the future.
🔗 Commerzbank, in partnership with Crypto Finance, will offer bitcoin and ether trading services to its corporate clients in Germany, with Commerzbank providing custody and Deutsche Boerse enabling trading.
The $$$ Corner…
🛠️ Borderless Capital launched a $100 million fund to support decentralized physical infrastructure networks (DePIN), backed by investors including Peaq, the Solana Foundation, and Jump Crypto.
🎮 Bitget and Foresight Ventures invested $30 million into The Open Network (TON) blockchain, focusing on the development of Telegram-based tap-to-earn games such as Hamster Kombat and Notcoin.
💸 Hemi Labs secured $15 million to launch its modular blockchain network, Hemi Network, which integrates Bitcoin and Ethereum for building smart contracts and Bitcoin-native applications.
💰 Foresight Ventures made a multimillion-dollar investment in layer 1 blockchain Aptos to boost product development, liquidity, and its presence in the Asia-Pacific region, aiming to drive Web3 innovation.
What Do You Meme?
📈 Your Market Update 📉
BTC is up 4.5%, trading at $62,461
ETH is up 5.8%, trading at $2,431
BTC dominance: 54.82%
Crypto market cap: $2.25T
*All data as of today, 06:30 am ET. Source: CoinGecko
Recommended Reads
Global online community Praxis on The Network State: Crypto’s End Game
DL News: Demand for Solana’s unreleased phone is so hot orders have already hit $70m
Investment titan BlackRock’s whitepaper on Bitcoin
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