Solana

With bitcoin hitting new highs, it’ll likely reach the US$100,000 milestone before 2024 is out

Retrieved on: 
Wednesday, March 13, 2024

Bitcoin has just hit an all-time high of more than US$72,000 (£56,300), pushing past the level of circa US$69,000 where it turned back during its last bull phase in late 2021.

Key Points: 
  • Bitcoin has just hit an all-time high of more than US$72,000 (£56,300), pushing past the level of circa US$69,000 where it turned back during its last bull phase in late 2021.
  • This can often be a time when cryptocurrencies get weaker, so it shows how strong they have been lately.
  • So what has contributed to this explosion in prices and where is the market going for the rest of 2024?

Bitcoin ETFs

  • A total of 11 bitcoin ETFs were approved in the US, and their daily trading volume has now exceeded US$10 billion – driven by frontrunners Blackrock and Fidelity Investments.
  • This demonstrates the large interest from traditional market participants, and as the spot ETFs become more mature, their providers will offer more promotional material and education to get more customers onboard.
  • The cryptocurrency market is always adapting and innovating, and one possible future innovation is the offer of option contracts on the new spot ETFs.
  • However, US regulator the Securities and Exchange Commission (SEC) has just postponed a decision on this innovation until late April.

The bitcoin halving

  • The last halving took place in May 2020, where miners went from receiving 12.5 bitcoin for each unit of work they do to 6.25 bitcoin.
  • Because each halving means less new bitcoin coming on to the market, they have coincided with strong price appreciation in the cryptocurrency.
  • One theory is that the institutions behind the spot ETFs are buying aggressively now because they know there will be less bitcoin on the open market once the halving takes place.

Ethereum prospects

  • Meanwhile, the crypto market could also be boosted by spot ETFs for the ethereum cryptocurrency system in the coming months.
  • While that uncertainty continues, ethereum could be boosted by the so-called Dencun upgrade (also known as Duncan or EIP-4844).
  • Ethereum has competition from other blockchains such as solana and avalanche due to its relatively slow transaction speed and high costs.

Where next

  • The market is very volatile, and often exceeds expectations when it goes up or down.
  • However, the majority of commentators expect crypto prices to keep rising over the coming months.


Andrew Urquhart owns some cryptocurrencies.

Ottr Wallet Acquired by Tools for Humanity to Enhance Worldcoin Project

Retrieved on: 
Friday, March 1, 2024

This acquisition marks a pivotal moment for both Ottr Wallet and TFH as they endeavour to revolutionize digital identity and finance.

Key Points: 
  • This acquisition marks a pivotal moment for both Ottr Wallet and TFH as they endeavour to revolutionize digital identity and finance.
  • The wallet's innovative approach attracted over 25,000 active monthly users, demonstrating significant growth and impact within the digital wallet space.
  • The collaboration between Ottr Wallet and TFH began after the teams met late last year.
  • With the acquisition, Ottr Wallet will be sunsetted as the team fully transitions to focus on the development of the World App.

Banxa Drives Growth With Strategic Partnerships & Product Enhancements and Engages a Market Maker

Retrieved on: 
Wednesday, February 14, 2024

Banxa continues to expand its partner network, bolstering transaction volumes with key industry leaders.

Key Points: 
  • Banxa continues to expand its partner network, bolstering transaction volumes with key industry leaders.
  • Banxa has engaged Generation IACP Inc. ("IACP") to provide services as a market maker in compliance with the policies and guidelines of the TSX Venture Exchange ("TSXV").
  • The objective of the engagement is to maintain a reasonable market and improve the liquidity of Banxa's common shares on the TSXV.
  • IACP does not currently own any securities of Banxa, however, IACP and its clients may acquire an interest in the securities of Banxa in the future.

Play, Earn, Conquer: Victory of Suckers Mega Gaming Competition!

Retrieved on: 
Saturday, February 10, 2024

Enter the gaming revolution with "Victory of Sucker," the debut game from JJCVerse.

Key Points: 
  • Enter the gaming revolution with "Victory of Sucker," the debut game from JJCVerse.
  • - Engagement and Longevity: With players dedicating over 100 hours per month to the game, “Victory of Sucker” promises longevity and a captivating gaming experience.
  • - Safe Gaming Environment: Prioritizing gameplay over investment, "Victory of Sucker" creates a safer and more responsible gaming environment, addressing concerns over speculative gaming models.
  • The excitement in the Gamefi universe reaches new heights as JJCVerse announces the "Victory of Suckers" (VOS) party, set to be one of the most significant gaming events this February.

Ondo Finance Expands Focus to Asia Pacific, Making it Easier to Invest In US-Based Assets

Retrieved on: 
Monday, January 22, 2024

Ondo Finance , a leading player in onchain finance, today announced its expansion into the Asia Pacific with the opening of its first office in the region.

Key Points: 
  • Ondo Finance , a leading player in onchain finance, today announced its expansion into the Asia Pacific with the opening of its first office in the region.
  • Together, they enable investors from around the world to gain exposure to key US-based asset classes in tokenized form.
  • “I’m thrilled to be joining the Ondo team and building out our presence in APAC,” said Mr. Khosa.
  • It also comes on the tail of major announcements by other members of the Ondo Ecosystem:
    Mantle and Solana recently announced partnerships with Ondo Finance to bring USDY to their chains.

PORY Emerges as Top Meme Coin on Polygon (MATIC) Network, Paving the Way for Broader Cryptocurrency Recognition

Retrieved on: 
Friday, January 12, 2024

This achievement underscores PORY's growing prominence within the cryptocurrency ecosystem and marks a defining moment for the project's community and supporters.

Key Points: 
  • This achievement underscores PORY's growing prominence within the cryptocurrency ecosystem and marks a defining moment for the project's community and supporters.
  • However, PORY's ascent to the top meme coin position on the Polygon network reflects a potential shift in the landscape, signaling the emergence of a new contender within the meme coin sector.
  • While recent meme coin explosions, notably on the Solana network, have garnered attention, PORY's achievement on Polygon positions it as a formidable player in the meme coin arena.
  • Securing the top meme coin status on Polygon presents PORY with a significant opportunity to solidify its position not only within the Polygon ecosystem but also within the broader cryptocurrency community.

KuCoin Research Report Highlights Resurgence of Investment in the Web3 Market, with 22% of Projects Securing Over $10 Million Financing

Retrieved on: 
Thursday, January 11, 2024

The report offers a comprehensive analysis of macroeconomic factors, stablecoins, public chains, Layer2 trends, inscriptions, investment projects, and regulatory policies.

Key Points: 
  • The report offers a comprehensive analysis of macroeconomic factors, stablecoins, public chains, Layer2 trends, inscriptions, investment projects, and regulatory policies.
  • The report offers a comprehensive analysis of macroeconomic factors, stablecoins, public chains, Layer2 trends, inscriptions, investment projects, and regulatory policies.
  • Despite the number of investment projects remaining high, seed rounds and strategic financing remained primary, with a notable increase in projects with financing exceeding $10 million.
  • These changes in the proportion of projects and financing amounts reflect the resurgence of investment and financing in the Web3 market as well as the potential shifts in investor behavior.

EQS-News: Advanced Blockchain AG: Portfolio company Neon Labs achieves $11 million daily trading volume with its NEON token while the price hit a new all-time high

Retrieved on: 
Thursday, December 21, 2023

Simon Telian, CEO of Advanced Blockchain AG: "As an early investor in Neon Labs, Advanced Blockchain has always believed in the vision of the Neon Labs team.

Key Points: 
  • Simon Telian, CEO of Advanced Blockchain AG: "As an early investor in Neon Labs, Advanced Blockchain has always believed in the vision of the Neon Labs team.
  • As a result of the price increase, Advanced Blockchain, through its subsidiary Incredulous Labs, holds rights to receive NEON tokens currently worth over $1 million.
  • Similarly, Picasso’s - Composable canary network - PICA token reached an unprecedented trading volume peak, hitting close to $5 million.
  • Through an investment in Advanced Blockchain AG investors gain unique exposure in these early-stage companies while simultaneously diversifying their portfolio with high-performing crypto assets.

DeFi Technologies Inc. Announces Strategic Acquisition of Leading Solana Trading Systems IP

Retrieved on: 
Monday, December 18, 2023

Strategic Acquisition: DeFi Technologies Inc. has completed an agreement to acquire intellectual property ("IP") central to the Solana blockchain, aligning with its strategic goal to enhance its presence in the Solana ecosystem.

Key Points: 
  • Strategic Acquisition: DeFi Technologies Inc. has completed an agreement to acquire intellectual property ("IP") central to the Solana blockchain, aligning with its strategic goal to enhance its presence in the Solana ecosystem.
  • Enhancing Trading Solutions: This IP is specifically tailored for the Solana-focused trading desk, a collaboration between DeFi Technologies and Valour Inc., aimed at elevating their trading solutions on the high-performance Solana platform.
  • This Acquisition marks a significant milestone in DeFi Technologies' expansion strategy, focusing on enhancing its offerings in the Solana ecosystem.
  • Post-acquisition, DeFi Technologies plans to expand its team and intensify its efforts in DeFi trading, development, and governance, specifically in areas relating to the newly acquired IP.

Solana Foundation's December 2023 Energy Use Report Highlights Commitment to Sustainability; Announces Offsetting Emissions Onchain

Retrieved on: 
Wednesday, December 6, 2023

SAN FRANCISCO, Dec. 6, 2023 /PRNewswire/ -- The Solana Foundation, a non-profit organization dedicated to the Solana network's decentralization, adoption, and security, today released its December 2023 Energy Use Report, underscoring the Foundation's commitment to fostering environmental responsibility and regenerative practices in blockchain technology.

Key Points: 
  • Since the last energy use update in April 2023 , energy use per transaction on the Solana network has declined by 25%, with total emissions from the network decreasing by 17.5%.
  • Even with these significant reductions, the Solana Foundation purchased carbon credits on behalf of the network to offset the network's 2022 emissions, maintaining the Solana network's carbon neutrality.
  • For the first time, the Solana Foundation purchased these offsets entirely onchain.
  • The Solana Foundation remains committed to tracking network emissions in real-time at SolanaClimate.com , while also pursuing and implementing regenerative programs and procedures that offset the network's carbon output.