1. Staking-yield narrative One big differentiator: Solana allows staking of its native token, meaning holders can earn ongoing yield. ETFs that wrap Solana exposure + staking rewards appeal to investors looking for that yield. For example: one write-up says Solana ETFs are growing because of “staking-driven yield opportunities”. Also: roughly ~70% of Solana’s circulating supply is staked, reducing liquid supply and thereby potentially increasing scarcity.
2. Capital rotation away from Bitcoin/Ethereum With the two major cryptos (Bitcoin, Ethereum) having had big runs and now seeing profit-taking or consolidation, investors are looking for alternative growth narratives. Solana’s ETF structures provide exposure to a newer narrative, so some funds are rotating capital into Solana-ETFs.
3. Regulatory/structural momentum The fact that Solana-based ETFs (or ETPs) are being approved or launched gives legitimacy and a regulated pathway for institutional money to access SOL. One article points to the approval odds for a Solana spot ETF being ~90%. Also, a recent fund pulled in large initial flows on debut (e.g., the Bitwise Solana Staking ETF) which signals institutional acceptance.
4. Ecosystem & fundamentals improvement Not just the ETF story — the underlying network is getting upgrades, more adoption, higher value locked, etc. For example: rising “total value locked” (TVL) in Solana, increased DApp use, etc. These fundamentals support the narrative that Solana is more than just a speculative token.
How the inflows are playing out
One report says that spot Solana ETFs have had four consecutive days of inflows, e.g., $44.48 million added on one particular Friday, bringing cumulative assets to over $502 million.
Binance Square Upgrades “Write to Earn”: Post Content to Earn Up to 50% Trading Fee Commissions!
This is a general announcement. Products and services referred to here may not be available in your region. Fellow Binancians, Binance Square is excited to announce a major upgrade to the “Write to Earn” campaign! Starting from 2025-10-27, eligible Binance Square creators who post qualified content on Binance Square can now earn up to 50% trading fee commissions from their readers’ Spot, Margin, Futures and/or Convert trade(s)—a significant increase to better reward their valuable content. Eligibility Only Binance Square creators who fulfill all of the following requirements will be eligible to participate in this promotion: Complete account verification.Set up a profile on Binance Square (i.e., avatar, nickname). How to Participate Click on the [Register Now] button on the promotion page. Publish qualified content pieces (i.e., short posts, long articles, videos, polls, audio Lives or chats) on Binance Square. Get up to 50% in trading fee commissions* from regular and VIP 1 - 2 users’ Spot, Margin, Futures (excluding copy trading) and Convert trade(s) (only Convert Instant orders) when they complete the trade(s) directly after clicking on a coin cashtag (e.g., $BTC) or any of the coin price widgets in one of your qualified content pieces, as per the screenshot below. Reward Structure Basic Commission: Every eligible creator receives a 20% commission. This commission is one-time per trade.Bonus Commission: At the end of each week, Binance will rank all eligible creators based on the basic commission they earn, where the top 100 eligible creators of the week can earn a bonus commission as per the table below. Please note that the bonus commission is calculated and settled weekly. Eligible Creators’ Rankings Based on the Basic Commission They Earned in a WeekBasic Commission Bonus Commission Total Commission Top 1 - 3020%30%50%Top 31 - 10020%10%30%Other Eligible Creators20%N/A20% Binance will calculate the commission rewards of each qualified creator at the end of each week, and distribute the weekly commission rewards in USDC to their Funding Accounts by the following Thursday at 23:59 (UTC). Each week runs from Monday 00:00 (UTC) to Sunday 23:59 (UTC). Weekly commission rewards will only be distributed to users when its value is ≥ 0.1 USDC. The final commission will be calculated based on the actual net trading fees incurred (excluding referral commission, VIP discounts, trading fee discounts when using BNB, API broker rebates, and other fee discounts).Users will not receive commissions from trades if any of the following conditions are met:Trades made by users who signed up via referral codes/links (including Referral Lite and Pro).Trades involving trading pairs that do not incur trading fees.Trades executed by market makers or brokers.API trades.Trades from stablecoin to stablecoin.Other conditions that trigger non-commissionable criteria.As there is zero trading fee for Convert trading, we will use an estimated fee rate of 0.1% of the trading volume to calculate the Convert trading fee commissions in this campaign.The current commission does not affect users’ referral commission. Users will continue to earn corresponding referral commissions from referrals registering via their referral code or link. Post on Binance Square Now to Earn Up to 50% Commission! About Binance Square Binance Square, formerly known as Binance Feed, aims to be the one-stop social platform for the latest trends in Web3. With a vast selection of content from renowned crypto experts, avid enthusiasts and trusted media sources, the platform serves as a bridge between content creators and their followers, customizing users’ feeds based on their respective engagement history. For More Information What Is Binance Square and Frequently Asked QuestionsFrequently Asked Questions on Binance Square “Write to Earn” PromotionBinance Square Will Extend “Write to Earn”: Post Content on Binance Square to Earn Up to 30% Trading Fee Commissions! Terms and Conditions This Promotion may not be available in your region. Only Binance Square creators who complete account verification and finish setting up their profiles on Binance Square (i.e., avatar, nickname) will be eligible to participate in this Promotion.Creators who registered for the previous "Write to Earn" promotion are automatically eligible for this promotion and do not need to register again.Only short posts, long articles, videos, polls, audio Lives, or chats that are published organically on Binance Square after users confirm their registration for this Promotion will count as qualified content pieces. Content pieces that contain Quiz Red Packets will not qualify the creators for any commission rewards from this Promotion. Published content pieces that are deleted during the weekly settlement cycle will not qualify Binance Square creators for any commission rewards from this Promotion. Rewards from this program are mutually exclusive with those from other Binance Square campaigns. In particular, any content associated with CreatorPad activities will be excluded from this promotion, as users who have participated in CreatorPad will receive rewards preferentially from the CreatorPad incentive pool.For readers who are accessing the Binance Square posts via the Binance App, please note that only those who upgrade their Binance App to iOS v2.82 or Android v2.82, or later, will count as eligible readers.No commission rewards will be generated from qualified content pieces seven days after it was first published.Rewards Calculation and DistributionEach week’s bonus commission is calculated independently, and does not affect the following week's commission.Binance will use the daily closing prices to calculate the commission rewards from every Spot, Margin, Futures (excluding copy trading) and/or Convert trade(s) (only Convert Instant orders). Commission rewards will only be distributed to qualified Binance Square creators when the value of the weekly commission rewards accumulated is ≥ 0.1 USDC. If the weekly rewards accumulated is lower than 0.1 USDC, the creator will not receive any commission that week and their weekly commission rewards will be reset to zero at the end of that week.For eligible Binance Square creators who accumulate at least 0.1 USDC of commission rewards each week will have their weekly performance (including last week’s commission ratio, reward, total eligible trading volume, and total eligible traders) updated on the Promotion page by the following Thursday at 23:59 (UTC). USDC rewards (accurate to 2 decimal places) will be distributed to their Funding Accounts by the following Thursday at 23:59 (UTC). Users may view their rewards distribution records here. Each week runs from Monday 00:00 (UTC) to Sunday 23:59 (UTC). Each day runs from 00:00 (UTC) to 23:59 (UTC). Binance Square creators will not be eligible to earn any trading fee commissions from their own Spot, Margin, Futures, or Convert trades.Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to disqualify any participants showing any signs of fraudulent, dishonest or abusive activities immediately (e.g., wash trading, bulk account registrations, self dealing, market manipulation, and any other activity in connection with unlawful, fraudulent, or harmful purposes).Binance reserves the right to disqualify any participants who, in its reasonable opinion, are acting fraudulently or not in accordance with any applicable terms and conditions.Market makers or brokers are not eligible to participate or receive any rewards. Rewards accrued from 2025-10-20 to 2025-10-26, will be governed by the previous promotion rules. Eligible participants will receive their corresponding rewards on or before 2025-10-30. Effective 2025-10-27, all rewards will be calculated in accordance with the new rules.Binance reserves the right to cancel a user’s eligibility in this promotion if the account is involved in any behavior that breaches the Binance Square Community Management Guidelines or Binance Square Community Platform Terms and Conditions.The Binance Privacy Notice shall apply for personal data collected under this Promotion. Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating, or suspending this promotion, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software.Binance reserves the right of final interpretation of this promotion.Additional promotion terms and conditions can be accessed here.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise. Thank you for your support! Binance Team 2025-10-27
This New Coin Could Be the Next Big Altcoin | Polymesh Price News, BIGTIME Price Climbs by Over 20%
The crypto market is beginning to show signs of recovery after the recent downturn, with coins like Polymesh, Big Time, and zkSync seeing significant positive price movements.
Amid these developments, JetBolt is emerging as a notable contender, attracting attention with its innovative features. This article will dive deep into these latest updates and market trends. #aitcoinsboom #NewsAboutCrypto
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What Is EigenLayer?
In this article, we will examine what EigenLayer is, its importance for Ethereum
Understanding EigenLayer EigenLayer addresses the issue of fragmented security within the Ethereum network. As decentralized applications (dApps) and middleware build trust networks, security becomes inefficient, resource-intensive, and fragmented.
EigenLayer's opt-in feature creates a middle layer where users grant additional enforcement rights on their staked ETH to EigenLayer. This allows EigenLayer to deploy restaked ETH to additional applications, leveraging slashing conditions to enforce security. The protocol's design facilitates validation services beyond Ethereum, contributing to a more secure and interconnected network.
Future Advantages and Challenges EigenLayer is a solution that addresses the limitations of Ethereum's security model. Although Ethereum's modular design allows dApps to build on top of the network, those outside the Ethereum Virtual Machine (EVM) ecosystem face difficulties in utilizing the settlement layer. EigenLayer's restaking mechanism overcomes this problem by enabling any protocol, regardless of EVM compatibility, to access Ethereum's pooled security.
Restaking on EigenLayer optimizes pooled security by repurposing staked ETH for validation services across various protocols. The free-market governance model empowers validators to choose risk and reward parameters, creating a competitive marketplace for pooled security. This approach accelerates innovation, increases profitability from staking, and mitigates the burden of bootstrapping network security for new protocols.
On the other hand, EigenLayer faces potential attack vectors, including collusion among validators and unintended slashing vulnerabilities in protocols built on it. The success of EigenLayer relies on a robust rebalancing algorithm, ensuring accurate updates of restaked ETH and full collateralization. Nevertheless, restaking has the potential to create more efficient cryptoeconomic security systems, fostering interoperability and value accrual. EigenLayer's innovation eliminates user-side risks, providing passive rewards on extended capital. The protocol also improves Ethereum's fee model, creating a flow of value that grows with the network.
Conclusion EigenLayer has developed an innovative approach to enhance crypto-economic security through restaking on the Ethereum network. Their goal is to optimize pooled security, create a competitive marketplace, and address the limitations of the current model. By doing so, they hope to contribute to a more secure, efficient, and interconnected Ethereum network. As the protocol continues to evolve, it will be closely monitored for its impact on the broader blockchain ecosystem. This could potentially influence the future of decentralized trust and security. #Eigenlayer公布空投计划 #EIGENonBinance #BTCReboundsAfterFOMC
#SuiFundamentalUsedCase sui, XRP Ledger, EigenLayer set to integrate Axelar's new Mobius Development Stack
MDS is a tool that helps make the world of blockchain more connected and user-friendly
Key Takeaways
Axelar's Mobius Development Stack introduces customizable, self-service integration for web3 applications.The platform features integration with major L1 blockchains and advanced security from Babylon and #EigenLayer.
🚀 Don't Miss Out on $PIXFI - The Next Big Crypto! 💰🌌 Backed by Binance and Ready to Explode! 🚀 Missed $NOT Don’t worry! $PIXFI is here and it’s about to take off. Backed by Binance and Riot Games, this is your chance to get in early on a game-changing project. What is Pixelverse? 🎮🕹️ Pixelverse is a cyberpunk gaming world with big-name backers like Binance and Riot Games. It's partnered with Trust Wallet and Pixelmon, promising an exciting future in gaming and crypto. Why You Should Care 🤑 - Free to Join: It costs nothing to start. - Huge Potential: This could be your big break. - Airdrop Confirmed: Free $PIXFI tokens coming in June 2024. How to Get Started with $PIXFI 📝 1. Join: Head to [Pixelverse](https://t.co/KEuCAjT8E2) and click "Start." 2. Launch the Bot: Begin your adventure. 3. **Earn Points: - Click your Bot character. - Feed and upgrade your pets. 4. Battle: Find enemies and win battles. 5. Complete Quests: Finish tasks in the game and on the dashboard. Detailed Steps to Get Started 🌟 1. Join Pixelverse: - Head to [Pixelverse](https://t.co/KEuCAjT8E2). - Click on "Start" and launch the bot.
2. Earn Points: - Click on your Bot character to earn points. - Click the "Feed and Claim" button. - Upgrade your Bot in the "Pets" section (you can also buy new pets). 3. Battle: - Go to the "Battles" section. - Click on "Find the enemy" and start the game. - Attack highlighted areas on the enemy bot for more damage. 4. Complete Quests: - Go to the "Tasks" tab and complete all tasks. - Stay tuned for quest updates.
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#Will $NOT Reach $0.1 Till The End of June 🔮 Click Here To Collect BNB Notcoin (NOT) has experienced a notable price increase, currently trading at $0.02586 after a surge of more than 23% in the past 24 hours. Its market capitalization has reached approximately $2.66 billion, placing it at #45 among cryptocurrencies. Despite a 51.27% decrease in 24-hour trading volume (totaling around $2.11 billion), Notcoin’s trading volume remains strong, ranking 7th and surpassing major cryptocurrencies like Solana and Binance. Notcoin has rallied from $0.005 to above $0.026, demonstrating significant bullish momentum. Over the past week, it surged over 190%, reaching an all-time high of $0.02644 on June 2. Integrated as a Telegram Mini App, Notcoin has quickly gained popularity, amassing over 30 million users on Telegram within two months. Social media buzz has been a key driver behind Notcoin’s impressive rally. Within two weeks of its launch, Notcoin became the second-most mentioned cryptocurrency across various platforms. Current technical indicators show strong upward momentum for Notcoin, suggesting a potential entry into a bullish phase. The cryptocurrency is poised to challenge the $0.03 resistance level soon. If this momentum continues, the price could rise toward $0.05, potentially reaching $0.1 in the next bullish run. However, if market sentiment turns negative, Notcoin might find support around $0.026, indicating a bearish trend. Remember that market sentiment will play a crucial role in determining whether Notcoin can reach $0.1 in the near future. 🚀📈 ❤️LIKE 🫂FOLLOW 🗳REQUOTE OR RESHARE ⌨️ COMMENT 🫂Remember: A lot of Hardwork goes into for providing you Best Investment Articles.Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice. #Notcoin #StartInvestingInCrypto
Top 3 CRYPTOCURRENCY To Buy in June-Recommended🤯💥📈
Click To Get USDT Reward 💰 When considering potential tokens under $1 for a $1000 portfolio, it’s essential to look at various factors such as the project's fundamentals, market potential, and recent performance. Here are three promising tokens that meet these criteria: 1. Cardano (ADA) Price: Around $0.30 (as of June 2024) Market Cap: Approximately $10 billion Use Case: Cardano is a blockchain platform for smart contracts, similar to Ethereum, but with a focus on scalability, interoperability, and sustainability. Strengths: Scientific Approach: Cardano is known for its academic rigor and peer-reviewed research. Strong Development Team: Led by Charles Hoskinson, a co-founder of Ethereum.
2. VeChain (VET) Price: Around $0.02 (as of June 2024) Market Cap: Approximately $1.5 billion Real-World Use Cases: VeChain has established partnerships with various large enterprises, including Walmart China and BMW, for supply chain tracking and product verification. Dual-Token System: VET (VeChain Token) and VTHO (VeThor Token) facilitate efficient and scalable transactions.
3. Hedera Hashgraph (HBAR) Price: Around $0.06 (as of June 2024) Market Cap: Approximately $3 billion Use Case: Hedera Hashgraph offers a decentralized public network where anyone can build secure, fair applications with real-time consensus. Strengths: Unique Consensus Mechanism: Uses Hashgraph consensus algorithm, which is touted to be faster and more secure than traditional blockchain mechanisms. #Megadrop #StartInvestingInCrypto
Swiss University Will Launch Bitcoin Education – BTC Courses are on the Horizon. HWZ Zurich University of Economics will offer a modular curriculum covering the technical aspects of #Bitcoin and blockchain technology, legal regulations, asset management strategies. The course will examine Bitcoin's business models and opportunities and offer new career opportunities to participants. $BTC
### NEURALINK: BRIDGING BRAINS AND COMPUTERS! 💡🔬 In a groundbreaking move, Elon Musk's brain implant company, Neuralink, has received FDA approval to conduct its first human clinical trials. This milestone is a huge step towards creating a seamless interface between the human brain and computers, ensuring we keep pace with advanced AI. - **FDA Approval:** First human clinical trials get the green light. - **Revolutionary Tech:** Direct brain-computer communication. - **Cognitive Enhancement:** Potential to boost human cognitive abilities. - **Neurological Benefits:** Improve life quality for those with neurological disorders. Neuralink's technology could revolutionize our digital interactions, enabling control of computers and devices with mere thoughts. - **Relentless Effort:** A testament to the Neuralink team's dedication. - **Crucial Step:** FDA approval paves the way for future advancements. - **Exciting Applications:** - **Paralysis:** Helping people regain limb control. - **Memory Enhancement:** Boosting cognitive functions. - **Entertainment:** Imagine streaming movies directly to your brain. As we anticipate the results of human trials, the potential of Neuralink's technology sparks immense excitement. The future looks brighter and more cyborg-like than ever before! Let's keep an eye on Neuralink's journey and celebrate this incredible milestone in merging human brains with AI. #PEPE #aitcoinsboom #altcoins
Trump Widens Lead Over With Biden (on Polymarket and PredictIt) After Courting Crypto Vote
This week
Trump Widens Lead Over With Biden (on Polymarket and PredictIt) After Courting Crypto Vote This week in prediction markets: Courting crypto voters appears to have boosted Trump's odds. Doug Burgum still trails behind Tim Scott for Republican VP pick. Longshot ether ETF approval contract prints triple-digit return for bettors, despite disputes over its resolution. Taking a strong pro-crypto stance may have strengthened Donald Trump's lead over incumbent president Joe Biden – at least if you go by the prediction markets. In the past week, Trump has promised to commute the sentence of Silk Road founder Ross Ulbricht – a figure near and dear to many in the crypto community – and vowed to make the U.S. a leader in the digital assets industry. It's a markedly more solicitous stance than the Biden administration has taken. Over the same period, Biden "yes" shares on PredictIt, an election betting platform popular among retail traders that settles trades in dollars, have slipped from 46 cents to 44 cents. Each share pays out $1 if Biden is reelected, and nothing if he loses. Effectively, the 44 cent price means the market sees a 44% chance he will be re-elected. Crypto-based Polymarket, which technically bans U.S. residents from using its service, has shown a similar shift in the odds. Trump has gained two percentage points on the platform over seven days, putting his odds at 56%, while Biden is down two percentage points, at 37%.Trump Widens Lead Over With Biden (on Polymarket and PredictIt) After Courting Crypto Vote This week in prediction markets: Courting crypto voters appears to have boosted Trump's odds. Doug Burgum still trails behind Tim Scott for Republican VP pick. Longshot ether ETF approval contract prints triple-digit return for bettors, despite disputes over its resolution. Taking a strong pro-crypto stance may have strengthened Donald Trump's lead over incumbent president Joe Biden – at least if you go by the prediction markets. In the past week, Trump has promised to commute the sentence of Silk Road founder Ross Ulbricht – a figure near and dear to many in the crypto community – and vowed to make the U.S. a leader in the digital assets industry. It's a markedly more solicitous stance than the Biden administration has taken. Over the same period, Biden "yes" shares on PredictIt, an election betting platform popular among retail traders that settles trades in dollars, have slipped from 46 cents to 44 cents. Each share pays out $1 if Biden is reelected, and nothing if he loses. Effectively, the 44 cent price means the market sees a 44% chance he will be re-elected. Crypto-based Polymarket, which technically bans U.S. residents from using its service, has shown a similar shift in the odds. Trump has gained two percentage points on the platform over seven days, putting his odds at 56%, while Biden is down two percentage points, at 37%. The polls have shown neither as dramatic a gap between the two candidates, nor as dramatic a shift in the last week. Trump's polling lead has climbed just 80 basis points, to 1.7%, according to FiveThirtyEight averages. Proponents of prediction markets argue that they can be a more reliable gauge of sentiment and forecasting tool because unlike people answering questions on the phone, bettors have skin in the game. The markets have also taken an interest in North Dakota governor Doug Burgum as a possible running mate for Trump. Burgum has been a recent speaker at Trump rallies and the subject of a Wall Street Journal profile where Republican insiders describe him as a "rich guy with rich friends, which goes a long way with Trump." On Polymarket, Burgum shares are up three percentage points, currently trading at 18%, or 18 cents, while on PredictIt, they are down slightly, trading at 15 cents. On both platforms, Burgum trails Tim Scott, who's maintaining a lead of 23% on PredictIt, and 27% on Polymarket, well ahead of establish Republicans like Marco Rubio, at 10% on Polymarket, or Nikki Haley, at 4%. Ether ETF bets pay off bigly An arcane dispute has arisen on Polymarket regarding the resolution of the contract over whether the U.S. Securities and Exchange Commission would bless ether ETFs. Bettors are clashing over whether "approval" means only the 19b-4 forms or also the S-1 filings. Rather unexpectedly, the SEC asked last week for updated 19b-4 filings from prospective issuers of Ethereum exchange-traded funds (ETFs). Days later, these filings – critical documents in the approval process – were green-lit by the SEC, stunning longtime analysts. It was thought that the SEC's uncertain view on ether's status as a security would delay things. But as baseball legend Yogi Berra said, it ain't over 'til it's over. Although the SEC has approved the 19b-4 forms for the ETFs, it must still approve the S-1 filings before trading can begin, James Seyffart, ETF analyst at Bloomberg Intelligence, told CoinDesk. "ETFs are not considered 'approved' until both the relevant registration form (such as S-1, N-1A, or N-2) & the 19b-4 filing have been signed off on by the SEC," Matthew Sigel, VanEck's head of research, posted on X (formerly Twitter). Despite these bureaucratic technicalities, the Polymarket contract, which received over $13 million in bets, still resolved to "yes," meaning the contract's "oracle," or referee, decided the matter was settled. And that has led to some long-shot money being made. One user going by the handle Paperliss, who bought in near the bottom of the market at 7 cents, turned just over $300 into $4,358 for a return of 1,329%. Meanwhile, the largest holder of "Yes" shares in the contract, notgonnatrickme, posted a return of 61%, bringing his or her bet of just over $10,000 to a value of $16,902 when the contract closed.
Musk's artificial intelligence initiative raised $6 billion in funding
Elon Musk's artificial intelligence initiative xAI raised $6 billion in its financing round. Elon Musk's artificial intelligence initiative xAI raised $6 billion in a financing round supported by Andreessen Horowitz and Sequoia Capital. The fundraise, announced in a blog post on May 26, comes less than a year after xAI's debut and marks one of the largest investments in artificial intelligence tools development. Musk's artificial intelligence initiative xAI started with the conversation-based artificial intelligence chat service #GrokAI on the 'X' platform, previously known as Twitter. Musk was an early supporter of artificial intelligence and also supported #OpenAI before introducing ChatGPT in 2022. Musk later warned against the possible dangers of the development of this technology. Musk's artificial intelligence initiative xAI started with the conversation-based artificial intelligence chat service #GrokAI on the 'X' platform, previously known as Twitter. Musk was an early supporter of artificial intelligence and also supported OpenAI before introducing #ChatGPT in 2022. #Musk later warned against the possible dangers of the development of this technology. $BTC $XAI
Friend.tech Co-Founder Hints At Departure From Base, Token Falls 30%
Friend.tech co-founder, pseudonymously known as Racer, has hinted at leaving Base, an Ethereum Layer-2 network launched by Coinbase in 2023 that supports the platform. Following the news, Friend.tech’s token fell sharply and is now trading at $1.02, with a 31.4% drop over the past day. Racer Hints at Departure From Base Racer posted on X about a system design bounty offering a $200,000 reward to anyone who could devise a method for migrating Friend.tech off of Base without causing significant disruptions for users. The reward would be given if the solution proved effective enough for adoption. The only way to migrate is to get everyone to sell their keys, have treasury reimburse losses, then start new GG to this fee farm. $FRIEND at $1, almost no organic users, and Racer wants off base. Still holding a bag as I fell for the $FRIEND to ten psyop pic.twitter.com/39tRVb5mmM — AzFlin (@AzFlin) May 26, 2024 Racer said the relationship between the Friend.tech team and Base has been strained. In another post, they mentioned that the project faced backlash from Farcaster investors during its launch, which led to a deteriorating relationship and a sense of exclusion from the Base community. In response, Jesse Pollak, who heads Base for Coinbase, made a diplomatic post. Pollack acknowledged that Friend.tech’s team had felt “isolated and disconnected” from certain parts of the Base and Ethereum ecosystems. Pollack added that he would be sad if Base decided to leave but would still respect and support their chosen path. Base Network’s Surging Activity Friend.tech launched in August 2023, quickly generating hype and attracting both supporters and critics. The decentralized social network, built on Ethereum’s layer-2 scaling network Base, allows users to buy and sell “keys” linked to Twitter accounts. Coinbase’s Q1 report highlighted that trading volume on the Layer 2 network surpassed that of its competitors, especially following Ethereum’s Dencun upgrade. The growth has been driven by popular projects launching on the network, such as Friend.tech and meme coins such as dogwifhat (WIF), Book of Meme (BOME). DeFi crypto exchanges on Base experienced daily trading volumes exceeding $1 billion, significantly narrowing the gap between the L2 and Coinbase’s main centralized exchange, which trades nearly 250 cryptocurrencies. The Dencun upgrade rapidly increased Base’s daily transaction volume and revenue, allowing it to outpace established players like Optimism and Arbitrum. This upgrade reduced costs for Layer-2 scaling chains like Base, resulting in increased user engagement and transaction volume. According to Dune Analytics, there are currently 234,199 active addresses on Base, with 38,087 new addresses this week. Meanwhile, the network’s total profit is $42.7 million, and its total revenue is $58.67 million. The post Friend.tech Co-Founder Hints at Departure From Base, Token Falls 30% appeared first on CryptoPotato.
Participate in #EarnFreeCrypto2024 and win up to 500 FDUSD!
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Michael Saylor: Ethereum ETF Approval Expands Bitcoin Opportunities.
#MicroStrategy President Michael Saylor considers the US SEC's approval of #Ethereum spot ETFs as a positive development and suggests that this could be more beneficial for Bitcoin. Saylor expressed this view during an episode of the “What Bitcoin Did” podcast with host Peter McCormack on May 25. He discussed the implications of the SEC's decision to approve eight Ethereum spot ETFs on May 23 Saylor, who previously had reservations about the possibility of Ethereum ETFs being approved by the SEC, has now changed his stance. He sees this development as a potential catalyst that could strengthen the entire crypto industry, including Bitcoin. In his own words: Additionally, MicroStrategy's founder explained that the approval of Ethereum spot ETFs acts as an additional layer of defense for Bitcoin. He expects this development to accelerate institutional adoption, as previously cautious investors may now view cryptocurrencies as a legitimate asset class Saylor predicts that mainstream investors will allocate a portion of their portfolios to crypto, with Bitcoin taking up most of those allocations. He suggests that while investors allocate 5% or 10% of their portfolios to the crypto asset class, Bitcoin will make up 60% to 70% of this share Saylor's previous stance was that Ethereum and other tokens such as #BNB #SolanaUSTD #XRP , and Cardano would not receive the same treatment as Bitcoin. Therefore, the crypto community is not unaware of Saylor's return. Comments from industry figures like Joe Carlasare and Ricky Bobbyy reflect surprise at Saylor's drastic 180-degree change, wondering whether he will start investing in ETH Saylor's support of Ethereum ETFs is a significant sign of change in the crypto world. The belief that this move will accelerate institutional adoption and consolidate Bitcoin's dominance presents a promising picture for the future of cryptos. As the market evolves, Saylor's insights can be instrumental in shaping investor strategies and industry trends. $BNB $SOL $XRP