Pump.Science, a nascent protocol built on the Solana blockchain and responsible for the RIF and URO tokens, is a spin on memecoin incubator Pump.Fun.
Pump.Science live streams experiments focused on extending the longevity of people and other organisms.
(Shutterstock)
Posted November 18, 2024 at 3:18 pm EST.
Decentralized science (DeSci), a movement to create public and permissionless infrastructure using blockchain technology for scientific research, is picking up steam.
According to Google Trends, which gives a value of 100 for peak popularity, worldwide interest in the term “decentralized science” was at zero for most of 2024 and has since increased to over 51 as of Nov. 17. Similarly, artificial intelligence platform Kaito signals rising mindshare in DeSci as shown by the whole category jumping 54% in the last 24 hours to a market cap of $1.3 billion, per CoinGecko.
The climb in attention toward decentralized science comes roughly one week since Ethereum co-founder Vitalik Buterin and Binance co-founder Changpeng Zhao attended a sub-event of Ethereum conference DevCon in Thailand dedicated to DeSci.
Spending more time with innovators, one roomful at a time. Wanna join our Labs incubator?
Many thanks to @VitalikButerin for the special appearance. ???? pic.twitter.com/0gRTryeFCa
— CZ ???? BNB (@cz_binance) November 13, 2024
While biotechnology companies typically own their own IP, firms participating in DeSci are crowdfunding capital for their experiments in exchange for token holders having some rights to the intellectual property.
By using blockchain technology to remove centralized intermediaries, the goal of DeSci is to increase access to scientific data, enhance transparency in the peer-review process, and motivate global coordination between scientists and researchers, according to a March blog post from Binance Academy.
VitaDAO on Ethereum On Monday, VITA – Ethereum-based governance token for VitaDAO, a life expectancy-focused DeSci project – reached an all-time high in price of $6.34 and market cap of roughly $160.8 million representing a climb of more than 39% in the last 24 hours and nearly 210% in the past seven days, data from CoinGecko shows.
Emerging in 2021, VitaDAO, which aims to enable people to fund and participate in early-stage scientific projects through crypto rails, has a $53.8 million treasury.
Two notable tokens emerging from the VitaDAO ecosystem centered around age-related diseases are VitaFAST and VitaRNA, both of which have jumped 289% and 123%, respectively, in the past seven days. From a technical level, VitaFAST and VitaRNA are intellectual property tokens, which “help accelerate research by aligning incentives around a community of stakeholders that have an opportunity to govern IP and contribute to research itself,” wrote biotech firm Molecule in an X post on Oct. 22.
Read More: Memecoin Mania: Dogecoin, Dogwifhat, Pepe, and PNUT Pump on Trump’s Win
Ethereum’s Buterin has also argued that the battle for longevity is worth fighting for. In his 2021 appearance on computer scientist Lex Fridman’s podcast, Buterin said, “I hope to see the concept of seeing your parents and grandparents die just slowly disappear from the public consciousness as an experience that happens over the course of half of a century, the same way that getting lost in a city slowly disappeared.”
Pump Science on Solana Meanwhile, RIF, a token associated with gamified longevity research platform Pump Science, has jumped 111% in a 24-hour span and 192,588% over the previous seven days, giving the cryptocurrency a market cap of $227.2 million, per trading analytics platform DexTools.
Pump Science, a protocol that aims to finance, research, and develop chemicals that increase the time a person and an organism can live with both physical and cognitive functions, is a spin on the highly successful Solana-native memecoin incubator Pump.Fun.
“The way that [Pump Science] works is when a market cap on any of these compounds… crosses $10,000 on Pump.Fun, then the experiment data is deployed live on Pump Science,” said Paul Kohlhaas, the founder and CEO of Molecule, the firm behind Pump Science, in a speech at Solana Breakpoint in Singapore.
The ticker RIF is based on the compound antibiotic Rifampicin, which is typically used to treat bacterial infections, the compound’s Wikipedia page states. At presstime, rifampicin is the focus of an experiment that live-streamed on Pump Science to gauge whether the antibiotic can prevent aging in flies. The token RIF is a tokenized representation of the science experiment being conducted with the hypothesis that rifampicin aids with longevity.
Screenshot of the live-streamed RIF experiment. (Pump Science) Tokens deployed on Pump Science such as RIF “represent real-world [intellectual property] governance rights to the underlying compounds data [and] to the experiments being traded,” added Kohlhaas.
Read More: A Degen Administration? Why the Crypto Czar May Be Allowed to Own Tokens
RIF is one of two tokens currently on Pump Science with the other being URO, short for Urolithin A, which has a market cap of $112 million, growing 228% in the past day and 132,503% over seven days. According to Pump Science’s documents, the experiments “are tested in worms (C elegans) at Ora Biomedical on the Wormbot, or in flies at Tracked Biotechnologies in the FlyBox.” Per Kohlhaas, the average cost to run an experiment with worms is $300. Ora Biomedial is a private company that develops small molecule therapeutics, while Tracked Biotechnologies is a private firm that uses artificial intelligence in its phenotyping system.
Wormbot is an automated robotics platform that can screen the health and survival of up to 144 populations of worms. FlyBox is a system used to test compounds and drugs on drosophila melanogaster, commonly known as the fruit fly.
PANews reported on December 16th that StraitsX announced a partnership with the Solana Foundation to integrate its Singapore dollar-backed stablecoin XSGD and US dollar-backed stablecoin XUSD onto the Solana blockchain, with a planned launch in early 2026. This integration will leverage Solana's efficient, low-cost network to enable real-time global payments and digital commerce.
XSGD and XUSD have previously operated on multiple blockchains, with a cumulative on-chain transaction volume exceeding $18 billion. This listing on Solana will, for the first time, achieve deep connectivity between the Singapore dollar and the US dollar on the same chain, supporting on-chain forex, AMM liquidity, lending markets, and institutional-grade payment flows.
StraitsX and the Solana Foundation will also collaborate to promote deep liquidity in DEX, AMM, and lending markets, further solidifying Solana's central position in AI-driven on-chain payments and DeFi applications.
Iran's Revolutionary Guards Corps warned that any vessels using the Strait of Hormuz route without Tehran's approval will be targeted.
Iran's Islamic Revolutionary Guard Corps (IRGC) issued a stern warning to international shipping on Wednesday, stating that any new shipping route through the Strait of Hormuz established without coordination with Tehran is unacceptable and dangerous, and threatening to take direct action against vessels that ignore its orders. The IRGC declared that vessels can only safely transit the Strait of Hormuz via routes designated by Iran. The IRGC Navy added that all vessels seeking to transit the strait must coordinate with the Iranian military via International Maritime Distress and Safety Frequency Channel 16, a requirement that effectively places Iranian military approval at the core of all commercial shipping transiting this key chokepoint. (Jinshi)
2 minutes ago
A crypto whale holding 120,000 ETH long positions has an unrealized loss of over $77 million, and added $8 million in margin in the early hours.
According to on-chain analyst ai_9684xtpa’s monitoring, a whale holding 120,000 ETH in long positions added $8 million in margin in the early hours. Currently, the total unrealized loss on its ETH long positions across four linked addresses stands at approximately $77.047 million, with an average entry price of around $2,265. Data shows the liquidation prices for the four addresses are $1,174.6, $1,059.1, $1,064.7, and $1,143.6 respectively. Despite the significant paper losses, there remains a large buffer before liquidation, and over 6 million USDC is still held on-chain to replenish margin, resulting in low short-term liquidation risk.
2 minutes ago
A crypto whale holding 120,000 ETH long positions is sitting on an unrealized loss of over $77 million, and added $8 million in margin in the early hours.
According to on-chain analyst ai_9684xtpa’s monitoring, the whale holding a long position of 120,000 ETH added $8 million in margin again in the early hours. Currently, the ETH long positions across its four associated addresses have accumulated an unrealized loss of approximately $77.047 million, with an average entry price of around $2,265. Data shows the liquidation prices for the four addresses are $1,174.6, $1,059.1, $1,064.7, and $1,143.6 respectively. Despite the massive unrealized loss, there is still a significant buffer before liquidation, and over 6 million USDC are still held on-chain to supplement margin, leading to low short-term liquidation risk.
2 minutes ago
Ripple's stablecoin RLUSD approved to enter Japanese market
According to official announcements, Ripple’s stablecoin RLUSD has been officially approved by Japan’s Financial Services Agency (JFSA) and launched in Japan. Through a partnership with SBI Group and its subsidiary trading platform VCTRADE, RLUSD will be accessible to institutional and retail users for use in scenarios including payments, asset tokenization, and collateral management.
2 minutes ago
WSJ: CoinEx Linked to Iran-Related Cryptocurrency Fund Flows
According to a Wall Street Journal report, since 2019, wallets linked to Iran have transferred over $3.84 billion in assets via cryptocurrency exchange CoinEx. On-chain data shows that CoinEx’s custodial wallet received crypto proceeds from hacks tied to Iran’s central bank, and conducted direct transactions with accounts previously designated by U.S. officials as belonging to Iran’s Islamic Revolutionary Guard Corps. Additionally, in 2024, CoinEx replaced Binance to become the largest overseas counterparty for Iranian exchange Nobitex, with the two parties recording over $763 million in fund flows last year. Between 2022 and 2025, CoinEx’s custodial wallet also processed transactions involving individuals suspected of participating in the sanctioned Iranian oil sales network.
2 minutes ago
Market Sentiment: Current sentiment among smart money and retail funds in the market is at a neutral level.
According to the latest data from SentimenTrader, as of June 24, the Smart Money Confidence Index stands at 0.56, while the Dumb Money Confidence Index is at 0.49. Both smart money and retail investor sentiment are currently in the neutral range, with no clear optimistic or pessimistic bias emerging in the market.
Iran's Revolutionary Guards Corps warned that any vessels using the Strait of Hormuz route without Tehran's approval will be targeted.
Iran's Islamic Revolutionary Guard Corps (IRGC) issued a stern warning to international shipping on Wednesday, stating that any new shipping route through the Strait of Hormuz established without coordination with Tehran is unacceptable and dangerous, and threatening to take direct action against vessels that ignore its orders. The IRGC declared that vessels can only safely transit the Strait of Hormuz via routes designated by Iran. The IRGC Navy added that all vessels seeking to transit the strait must coordinate with the Iranian military via International Maritime Distress and Safety Frequency Channel 16, a requirement that effectively places Iranian military approval at the core of all commercial shipping transiting this key chokepoint. (Jinshi)
2 minutes ago
A crypto whale holding 120,000 ETH long positions has an unrealized loss of over $77 million, and added $8 million in margin in the early hours.
According to on-chain analyst ai_9684xtpa’s monitoring, a whale holding 120,000 ETH in long positions added $8 million in margin in the early hours. Currently, the total unrealized loss on its ETH long positions across four linked addresses stands at approximately $77.047 million, with an average entry price of around $2,265. Data shows the liquidation prices for the four addresses are $1,174.6, $1,059.1, $1,064.7, and $1,143.6 respectively. Despite the significant paper losses, there remains a large buffer before liquidation, and over 6 million USDC is still held on-chain to replenish margin, resulting in low short-term liquidation risk.
2 minutes ago
A crypto whale holding 120,000 ETH long positions is sitting on an unrealized loss of over $77 million, and added $8 million in margin in the early hours.
According to on-chain analyst ai_9684xtpa’s monitoring, the whale holding a long position of 120,000 ETH added $8 million in margin again in the early hours. Currently, the ETH long positions across its four associated addresses have accumulated an unrealized loss of approximately $77.047 million, with an average entry price of around $2,265. Data shows the liquidation prices for the four addresses are $1,174.6, $1,059.1, $1,064.7, and $1,143.6 respectively. Despite the massive unrealized loss, there is still a significant buffer before liquidation, and over 6 million USDC are still held on-chain to supplement margin, leading to low short-term liquidation risk.
2 minutes ago
Ripple's stablecoin RLUSD approved to enter Japanese market
According to official announcements, Ripple’s stablecoin RLUSD has been officially approved by Japan’s Financial Services Agency (JFSA) and launched in Japan. Through a partnership with SBI Group and its subsidiary trading platform VCTRADE, RLUSD will be accessible to institutional and retail users for use in scenarios including payments, asset tokenization, and collateral management.
2 minutes ago
WSJ: CoinEx Linked to Iran-Related Cryptocurrency Fund Flows
According to a Wall Street Journal report, since 2019, wallets linked to Iran have transferred over $3.84 billion in assets via cryptocurrency exchange CoinEx. On-chain data shows that CoinEx’s custodial wallet received crypto proceeds from hacks tied to Iran’s central bank, and conducted direct transactions with accounts previously designated by U.S. officials as belonging to Iran’s Islamic Revolutionary Guard Corps. Additionally, in 2024, CoinEx replaced Binance to become the largest overseas counterparty for Iranian exchange Nobitex, with the two parties recording over $763 million in fund flows last year. Between 2022 and 2025, CoinEx’s custodial wallet also processed transactions involving individuals suspected of participating in the sanctioned Iranian oil sales network.
2 minutes ago
Market Sentiment: Current sentiment among smart money and retail funds in the market is at a neutral level.
According to the latest data from SentimenTrader, as of June 24, the Smart Money Confidence Index stands at 0.56, while the Dumb Money Confidence Index is at 0.49. Both smart money and retail investor sentiment are currently in the neutral range, with no clear optimistic or pessimistic bias emerging in the market.
StraitsX will launch XSGD and XUSD on Solana in early 2026, targeting on-chain FX, cross-border settlement, and AI-driven payments with x402 support.
Summary
StraitsX will deploy its SGD- and USD-pegged stablecoins XSGD and XUSD on Solana in early 2026, making it the first L1 to host both assets natively. The launch targets on-chain FX, instant SGD–USD swaps, and cross-border settlement, leveraging Solana’s high throughput and low fees plus liquidity pools on CEXs and DEXs. Both stablecoins will support the x402 payment standard to enable machine-to-machine and AI-agent micropayments in what StraitsX calls the emerging “agentic economy.” StraitsX announced a partnership with the Solana Foundation to deploy its Singapore dollar-backed stablecoin (XSGD) and U.S. dollar-backed stablecoin (XUSD) on the Solana blockchain, with an initial rollout targeted for early 2026, according to a company statement.
The collaboration will make Solana the first Layer 1 blockchain to host both XSGD and XUSD simultaneously, StraitsX said. The company stated the integration is designed to support on-chain foreign exchange use cases and real-time cross-border settlement, utilizing Solana’s high throughput and low transaction costs.
The deployment aims to enable near-instant swaps between SGD and USD without traditional intermediaries, according to the announcement. StraitsX said the launch will facilitate instant currency conversion and settlement for businesses and developers operating on-chain, allowing users to move between SGD and USD within a single ecosystem.
Stablecoin leading crypto infrastructure push Both stablecoins will support the x402 payment standard, enabling machine-to-machine payments, automated transactions, and AI-agent micropayments, the company said. StraitsX described this functionality as positioning the stablecoins for use within the emerging “agentic economy,” where software agents and machines transact autonomously.
StraitsX plans to collaborate with centralized and decentralized exchanges to establish liquidity pools for XSGD and XUSD on Solana, stating that liquidity provisioning will be prioritized to ensure efficient foreign exchange swaps and settlement at scale.
The Solana expansion follows previous issuance of XSGD on Ethereum, Polygon, and Coinbase’s Base Layer 2, extending the stablecoin’s multichain presence.
StraitsX operates as a Major Payment Institution licensed by the Monetary Authority of Singapore. The company reported its stablecoins have processed more than $18 billion in cumulative on-chain transaction volume to date. The firm stated the Solana deployment aims to combine regulatory-grade stablecoins with high-performance public blockchain infrastructure for use cases including cross-border payments, foreign exchange settlement, programmable finance, and AI-driven transactions.
Singapore’s regulated crypto ecosystem is preparing for another major step forward. StraitsX, a Monetary Authority of Singapore (MAS)-licensed stablecoin issuer, has announced plans to bring its Singapore dollar-backed XSGD and U.S. dollar-backed XUSD stablecoins to the Solana blockchain by early 2026.
The move signals growing confidence in high-performance blockchains as demand for real-world, regulated stablecoin use accelerates across Asia.
Why Solana Was ChosenStraitsX’s decision to integrate with Solana reflects a focus on speed, cost efficiency, and scalability. Solana’s low transaction fees and high throughput make it well-suited for payments, trading, and automated financial activity. According to StraitsX, launching both XSGD and XUSD on a single, high-performance network allows users to access centralized exchanges, decentralized liquidity, lending protocols, and everyday payments within one ecosystem.
The expansion also aligns with Solana’s growing role in automated payments, especially through support for the x402 standard, which enables machine-to-machine transactions. This makes Solana attractive for emerging AI-driven use cases where software agents need to transact autonomously and at scale.
Also Read : Strong Onchain Track RecordStraitsX is not starting from scratch. XSGD is already live across multiple blockchains, including Ethereum, Polygon, Avalanche, Arbitrum, Hedera, Zilliqa, and the XRP Ledger. XUSD is currently available on Ethereum and BNB Smart Chain. Together, the two stablecoins have processed over $18 billion in on-chain transaction volume, highlighting strong real-world usage rather than speculative demand.
While XSGD’s market capitalization stands near $13 million and XUSD’s around $52 million, their transaction volumes suggest growing adoption in payments, settlements, and cross-border activity, particularly within Southeast Asia.
Regulatory Clarity Strengthens the CaseA key differentiator for StraitsX is regulation. The company operates as a licensed Major Payment Institution under MAS and has confirmed that both XSGD and XUSD align with Singapore’s upcoming stablecoin regulatory framework. This compliance positions the stablecoins as trusted tools for institutions and enterprises looking to adopt blockchain-based payments without regulatory uncertainty.
From Crypto to Everyday PaymentsBeyond DeFi and trading, StraitsX is pushing toward mainstream adoption. Recently, Southeast Asia’s super-app Grab signed an exploratory agreement with StraitsX to build a stablecoin-based settlement layer. If approved, users across the region could eventually hold and spend XSGD and XUSD directly within the Grab app, blending digital wallets, programmable payments, and regulated stablecoins.
Never Miss a Beat in the Crypto World!Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
FAQsWhat are XSGD and XUSD stablecoins?
XSGD and XUSD are regulated stablecoins issued by StraitsX, fully backed by Singapore dollars and U.S. dollars for payments and settlements.
Why is StraitsX launching XSGD and XUSD on Solana?
Solana offers fast transactions, low fees, and high scalability, making it ideal for payments, DeFi, and automated, real-world stablecoin use.
When will XSGD and XUSD be available on Solana?
StraitsX plans to launch both stablecoins on the Solana blockchain by early 2026, pending technical readiness and regulatory alignment.
How will XSGD and XUSD be used beyond crypto trading?
They are designed for real-world payments, cross-border settlements, DeFi, and potential integration into apps like Grab for everyday use.
Story Ends Here
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London, UK – October 2025: Zebu Live wraps up after hosting over 4,500 attendees and 10,000 virtual participants, marking the event’s most ambitious edition to date.
The two-day summit featured more than 200 speakers and 500 partners, including headline addresses from Nigel Farage, Leader of Reform UK; Tom Duff Gordon, Vice President of International Policy at Coinbase; and Joey Garcia, Executive Director at Xapo Bank.
Major sponsors and partners included Coinbase, Solana, Concordium, Alkimi, and Andersen LLP, underscoring Zebu Live’s position as the intersection of Web3 innovation and institutional engagement.
Throughout the event, speakers and panels examined topics such as Intelligence Onchain, Beyond Digital Gold, Builders & Backers, Code vs Law, and From Protocol to Product, providing attendees with insights on the shifting dynamics of blockchain, policy, and infrastructure.
Crypto’s expanding institutional footprint was evident as Bitwise’s Head of Europe, Bradley Duke, underscored how corporate treasuries and institutional investors are increasingly positioning digital assets as both a hedge against monetary debasement and a catalyst for long-term growth.
“We’re seeing the true institutionalization of blockchain,” Duke said in his keynote. “Corporate treasuries, ETFs, and regulated products are now forming the structural backbone of the crypto market.”
Another partner, Rayls, known as “the bank for blockchain”, successfully raised over $1.75 million through its public sale on Republic, underscoring the rising demand for institutional-grade blockchain products and infrastructure.
Further signaling the market’s growing maturity, UK-based firm Echo was acquired by Coinbase in a transaction supported by Andersen LLP’s digital asset team. The deal highlighted the deepening connection between traditional advisory firms and Web3 enterprises, reflecting increasing institutional confidence in the strength of the UK’s blockchain ecosystem.
“The UK’s momentum in digital assets is building, supported by clear innovation and encouraging signals that contribute to its standing as a global crypto and fintech hub, but it is vitally important to get the stablecoin and crypto regime right. Our efforts, such as the Coinbase accelerator, are cultivating a pipeline of Web3 startups and highlighting the high quality of local talent.”
— Keith Grose, Senior Country Director of Coinbase.
Adding to the excitement, Coinbase CEO Brian Armstrong spotlighted the event on social media, sharing his support for Zebu Live and its alignment with the Stand With Crypto movement, further emphasizing the UK’s growing role in shaping forward-looking Web3 regulation and innovation.
“Zebu Live has become more than a conference; it’s where the global Web3 community comes together to shape the next decade of innovation,” said Harry Horsfall, Co-Founder of Zebu Live. “This year’s event reflected how far the industry has evolved, from speculative markets to scalable products, real-world use cases, and regulatory collaboration.”
With another record-breaking year concluded, Zebu Live continues to set the stage for global collaboration across blockchain, fintech, and AI, reinforcing its reputation as a leading annual moment for the builders shaping the decentralized internet.
About Zebu Live100 super early bird tickets are on sale now (linked here).
Designed to unite the brightest minds in Web3, Zebu Live is a global catalyst for collaboration and the acceleration of blockchain adoption. Now in its fifth year, Zebu Live has cemented its place as the UK’s flagship Web3 summit, bringing together innovators, industry leaders, and changemakers from across the crypto, fintech, and policy spectrum.
Through immersive conferences, workshops, and community events, Zebu Live provides a platform for knowledge-sharing, networking, and launching the ideas that are shaping the future of decentralized technology.
PANews reported on May 27th that, according to an official announcement, Binance will cease supporting deposits and withdrawals of designated tokens on the following networks at 16:00 (UTC+8) on June 3rd, 2026:
DODO (DODO) via Arbitrum Network and BNB Smart Chain Heima (HEI) via BNB Smart Chain Hashflow (HFT) via Arbitrum Network, Solana Network, and BNB Smart Chain Synapse (SYN) via Arbitrum Network, Solana Network, Polygon Network, Optimism Network, Avalanche C-Chain Network, Fantom Network, and BNB Smart Chain Alien Worlds (TLM) via BNB Smart Chain. After 16:00 on June 3, 2026 (UTC+8), deposits made using the designated tokens on the aforementioned network will not be credited to your account, which may result in asset loss.
TLDR: Dusk Network integrates Chainlink CCIP for cross-chain trading of €200M+ NPEX tokenized securities DUSK token gains native transfer capability between Ethereum and Solana via Cross-Chain Token standard Chainlink DataLink becomes exclusive oracle for NPEX exchange data with low-latency institutional feeds Partnership creates compliance framework for European securities to settle across DeFi environments Dusk Network has integrated Chainlink’s infrastructure to tokenize securities from NPEX, a regulated Dutch stock exchange with over €200 million in financing and 17,500 active investors. The partnership establishes cross-chain interoperability for European equities through blockchain rails.
NPEX assets will gain composability across multiple networks while maintaining regulatory compliance. The integration marks a significant step toward institutional adoption of tokenized securities.
CCIP Enables Cross-Chain Movement for Tokenized Equities Chainlink’s Cross-Chain Interoperability Protocol will function as the primary bridge for NPEX tokenized assets on Dusk Network.
The protocol allows securities issued under European regulation to move between blockchain ecosystems without compromising compliance frameworks. CCIP integration extends beyond NPEX securities to include the DUSK native token itself.
The DUSK token will transfer natively between Ethereum and Solana using Chainlink’s Cross-Chain Token standard. This dual-chain presence expands liquidity options for token holders across major DeFi platforms.
Institutional users can now access compliant digital securities regardless of their preferred blockchain environment.
Emanuele Francioni, CEO of Dusk, stated the integration builds infrastructure needed for next-generation real-world asset markets. The combination of CCIP with DataLink creates an end-to-end framework for compliant asset issuance.
Tokenized equities can now settle in DeFi environments while maintaining their regulatory status.
The architecture supports new distribution models for financial instruments across chains. Settlement processes that previously required intermediaries can now execute through smart contracts. This reduces friction in trading European securities for global participants.
DataLink Brings Regulated Market Data Onchain Dusk and NPEX adopted Chainlink DataLink as their exclusive oracle solution for exchange data. The platform will deliver official NPEX pricing and trading information directly to smart contracts. Both organizations become data publishers for regulatory-grade financial information through this arrangement.
Chainlink Data Streams will provide low-latency price updates for institutional applications on Dusk Network. The high-frequency data feed supports trading strategies that require real-time market information. Smart contracts can now access verified financial data with the auditability institutions demand.
Johann Eid, Chief Business Officer at Chainlink Labs, described the collaboration as defining a blueprint for regulated markets onchain. The data standard ensures transparency across tokenized asset platforms. Market participants gain access to the same quality of information available on traditional exchanges.
The integration combines interoperability with verified data feeds in a unified infrastructure. NPEX securities can move across chains while maintaining connection to authoritative pricing sources. This architecture addresses two critical barriers to institutional blockchain adoption simultaneously.
Verasity is now an official launch partner for the MEW memecoin and its “Catch MEW If You Can” Blind Box collection. MEW is a Solana-based memecoin built around a cat narrative that challenges the dominance of dog-themed memecoins. Collectors can purchase co-branded blind boxes and figurine sets, which are available for a limited 24-hour window.
Web3 just got a little cuter... 😼
We’re thrilled to share that Verasity is an official launch partner for @MEW and their 'Catch MEW If You Can' Blind Box collection!
For the uninitiated, MEW is a Solana-based memecoin built around the story of a mischievous cat on a mission to… pic.twitter.com/VJRa4v7gW1
— Verasity (2025 ⏩) (@verasitytech) September 22, 2025 Each blind box contains a randomly chosen figurine, ideal for collectors or as a fun desk companion. There are six different characters, each with its own rarity level.
Additionally, every “Catch MEW If You Can” figurine has a scannable NFC chip that grants access to on-chain rewards.
The partnership allows Verasity to support MEW in distribution, community engagement, and wallet integration.
What Is the ‘Cat in a Dog’s World’ MEW Memecoin?The MEW memecoin, also called “Cat in a Dog’s World,” launched on the Solana blockchain in March 2024. Unlike other memecoins that follow dog-themed narratives, MEW is designed to offer an alternative perspective, telling a story where a cat navigates a world dominated by dog coins like Dogecoin and Shiba Inu.
MEW has quickly become the second-largest memecoin on Solana after POPCAT, reflecting strong community adoption and trading activity. Its rapid growth is partially driven by creative storytelling, community-driven content, and tokenomics strategies aimed at ensuring stability and engagement.
Understanding MEW Memecoin TokenomicsMEW’s tokenomics are designed to promote stability and community involvement. Key aspects include:
Liquidity Burn: 90% of liquidity pool tokens were burned to establish a price floor and reduce volatility.Community Distribution: The remaining 10% of tokens were airdropped to specific members of the Solana community, incentivizing early adoption and active participation.Utility and Stability: This tokenomics approach balances scarcity and engagement, making MEW competitive among memecoins while providing a consistent transactional framework.These mechanisms contribute to a predictable trading environment and encourage long-term community growth.
Verasity’s Cross-chain Wallet IntegrationWorth noting, Verasity has recently updated VeraWallet to support cross-chain operations, allowing VRA token holders to manage Ethereum and BNB Chain balances in a single interface.
Dual-Network Support in VeraWalletThe update introduces a dual-network system, enabling:
Combined balance viewing for Ethereum and BNB Smart Chain VRA tokensDeposits, staking, and withdrawals without network-specific confusionNetwork selection during withdrawals with automatic fee calculationsThese improvements streamline token management, making it easier for users to interact with cross-chain assets without switching wallets.
Storing and Staking VRAVeraWallet also functions as a custodial wallet with a focus on security:
99.9% of VRA tokens are stored offline in cold storageStaking offers a 15% annual percentage rate with daily reward distributionUnstaking is available at any time, though withdrawal delays maintain securityUsers can stake, deposit, and withdraw tokens securely, reducing reliance on external platforms or unverified smart contracts.
Buying, Selling, and Fiat ConversionVeraWallet supports direct VRA purchases via debit, credit card, or bank transfer. Users can convert VRA to fiat currencies like USD, EUR, or GBP without using third-party exchanges. The wallet’s network selection feature simplifies cross-chain transfers while maintaining clarity on fees and net amounts.
Broader Ecosystem SupportCarbon Browser recently announced they will be integrating Verasity’s blockchain-based advertising infrastructure, providing verification of user engagement for over 7 million users. The browser supports multi-chain wallets, staking, cross-chain swaps, and decentralized applications.
This integration enhances Verasity’s ecosystem by:
Providing secure, verified interactions for video monetizationEnabling staking, governance, and rewards using Carbon’s native $CSIX tokenExtending access to decentralized finance tools and cross-chain functionalityConclusion
Verasity’s collaboration with MEW memecoin demonstrates practical support for emerging tokens.
MEW distinguishes itself on Solana through its narrative, tokenomics, and market presence, while Verasity ensures secure, flexible access to VRA assets and related tokens. The partnership combines operational infrastructure with creative storytelling to strengthen both ecosystems.
Resources:Verasity X platform: https://x.com/verasitytech
A closely followed crypto strategist believes one Ethereum (ETH) competitor is primed to print gains of more than 2x this year.
Pseudonymous analyst Altcoin Sherpa tells his 211,900 followers on the social media platform X that he thinks Solana (SOL) will see new all-time highs this year.
[adinserter block="1"]
But while the crypto strategist is long-term bullish on SOL, he expects the Ethereum rival to witness a pullback before starting a fresh leg up.
“There is going to probably going to be a pullback somewhere in the $200-$250s, but I don’t know how deep it’s going to be.
Still bullish as hell on this one this cycle, it’s the best chain for retail (evidence of memes). Probably $500+ in 2024.”
Source: Altcoin Sherpa/X At time of writing, SOL is worth $187.90, down over 6% in the past day.
Next up, the trader says that RSS3, a decentralized information processing protocol, appears to be trading in a range with an upper bound of $0.57 and a lower bound of $0.40.
“Still a super strong coin, RSS3 is one I’m still invested in and have a bag. Ranging for now and I think that this has been very strong amidst market volatility.”
Source: Altcoin Sherpa/X RSS3 is trading for $0.448 at time of writing, down 15.4% in the last 24 hours.
Lastly, the trader says he is bullish on Ondo Finance (ONDO), a project focused on tokenizing real-world assets (RWAs) including short-term bonds and US Treasuries.
“ONDO: buy ONDO for financial freedom around $0.43. One of my bags for real-world assets (RWA) this cycle, expecting good things for the future.”
Source: Altcoin Sherpa/X Ondo is trading for $0.422 at time of writing, down more than 12% in the last 24 hours.
In the dynamic world of cryptocurrency, meme coins often spark intrigue but rarely transform into serious market contenders. However, BONK, initially launched as a playful meme token, is rapidly rewriting this narrative. Evolving far beyond its whimsical beginnings, BONK is undergoing a remarkable metamorphosis, emerging as a formidable force in the crypto space. This transformation is most notably embodied by BONKbot, a Solana-based Telegram trading bot revolutionizing how traders interact with digital assets.
In a striking display of this evolution, BONKbot recently achieved a milestone by amassing $768,000 in fees within a mere 24-hour span. This achievement is impressive in its own right and places BONKbot on par with some of the most established DeFi protocols on Ethereum, such as Aave and Curve.
This surge in revenue came on the heels of BONKbot facilitating a staggering $59 million in trading volume on Solana's DEXs on December 27th. Marking its third consecutive day of generating over $700,000 in revenue, BONKbot has swiftly elevated itself to the ranks of DeFi giants, challenging the status quo of platforms that boast billion-dollar valuations.
Ethereum-based protocols are taking note of Bonkbot's meteoric rise. In a notable development, UNibot, an Ethereum trading bot, announced its intention to support Solana starting January 1st. This move, facilitated through partnerships with Jupiter and BirdEye, positions UNibot to capitalize on the burgeoning Solana market. While generating $50,000 in daily fees, UNibot's cross-chain expansion is a strategic effort to capture a larger market share.
Further adding to BONKbot's appeal is its contribution to the $BONK token ecosystem. A portion of BONKbot's revenue, precisely 10%, is allocated to the instantaneous burning of $BONK tokens. This strategy enhances the token's value beyond its meme origins and introduces a deflationary aspect to its economics. Such tactics elevate the token's status and cement BONKbot's integral role in the broader BONK ecosystem.
The evolution of BONK from a mere meme token to a pivotal ecosystem token is also supported by the development of BONK-related applications. BONKswap, a dedicated DEX, and the BERN token by BONK EARN contribute to BONK tokens' burning through their own fee structures and token taxes. This symbiotic relationship reinforces the token's utility and value within the ecosystem, showcasing the potential of meme coins to develop into robust and multifaceted crypto assets.
As 2023 draws to a close, the crypto community is keenly observing the evolving story of BONK and its influence on the DeFi ecosystem. With its innovative approach and expanding ecosystem, BONKbot is not merely a participant in the crypto market – it is a true game-changer, reshaping perceptions and possibilities in the realm of digital assets.
Updated Mar 8, 2024, 8:35 p.m. Published Jan 29, 2024, 7:00 a.m.
2 min read
(Alexander Grey/Unsplash)Trading application Unibot will issue a native Solana ecosystem token that accrues value back to holders of the original Ethereum-based UNIBOT tokens, a move that initially met with criticism and caused volatile price action last week.
Unibot expanded to the Solana ecosystem in late December but said last week it would introduce a UNISOL token that accrued revenue in the form of Solana’s SOL tokens. The decision created concerns among long-time UNIBOT holders, who feared dilution as traders would be inclined to choose the newer token in favor of the older one. A sell-off ensued.
But developers said early Monday that UNISOL could ultimately boost UNIBOT’s value accrual, helping ease some losses from the past few days as traders priced in new information. The Unibot platform connects user wallets to the decentralized exchange Uniswap and lets them punt on tokens just as easily as they would send messages to each other on the popular messaging app by using the messaging application Telegram or a terminal.
UNIBOT slid from over $100 to as low as $48. (DEXTools)“The revenue sharing for protocol revenue generated by @UnibotOnSolana is split 50/50 between two pools,” developers posted on X. “Pool #1: simply being a holder of $UNIBOT on Ethereum, no strings attached. You'll link your Ethereum address, which holds $UNIBOT to a Solana address that receives revenue in the form of SOL. Pool #2: holders of $UNISOL on Solana.”
UNIBOT holders are set to receive some 80% of the supply of UNISOL through a snapshot and claim mechanism. Since its early January launch, over 20,000 users have generated more than $130m in total volume, developers claimed Monday.
//ANNOUNCEMENT
We'd like to clear the confusion around the path forward.
The revenue sharing for protocol revenue generated by @UnibotOnSolana is split 50/50 between two pools, described as follows.
Pool #1: simply being a holder of $UNIBOT on Ethereum, no strings attached.… pic.twitter.com/vqEVVhG1FI
— Unibot (@TeamUnibot) January 28, 2024 On-chain data shows Unibot has garnered 11,700 ether (ETH) in fees since the platform went live in May, paying out a portion of this straight to token holders. Users have also steadily increased, reaching 41,000 on Monday compared to just over 2,000 at the end of last June.
On Sunday alone, the platform generated $74,000 in fees across Solana and Ethereum on $7.5 million in combined volumes.
(Dune)Per Dune Analytics, Unibot's average daily volumes are just above $5.5 million, a long way from the $900 million daily on the market-leading DEX Uniswap.
UNIBOT prices are up 21% in the past 24 hours, DEXTools data shows.
Cryptocurrency trading platform Unibot team made a new announcement today regarding the UNISOL token to be issued based on Solana.
At this point, Unibot, which initially came out as part of the Ethereum (ETH) ecosystem, announced that it has now adopted the Solana ecosystem and will launch a new token, UNISOL.
The new token, UNISOL, is designed to generate revenue in SOL, Solana's native currency, the team said.
This new token announcement was met with skepticism by investors and caused volatility in UNIBOT's price.
However, the developers assured in their statement that UNISOL can increase the value of UNIBOT.
The team also announced that UNIBOT holders will receive 80% of the UNISOL supply as an airdrop.
This move will allow UNIBOT holders to benefit from the 50% distribution of revenue generated by Unibot on Solana and earn additional earnings through the UNISOL airdrop.
UNIBOT, which experienced an increase of nearly 50% after the announcement, continues to be traded at $ 57 with an increase of approximately 20% at the time of writing.
//ANNOUNCEMENT
We'd like to clear the confusion around the path forward.
The revenue sharing for protocol revenue generated by @UnibotOnSolana is split 50/50 between two pools, described as follows.
Pool #1: simply being a holder of $UNIBOT on Ethereum, no strings attached.… pic.twitter.com/vqEVVhG1FI
— Unibot (@TeamUnibot) January 28, 2024
*This is not investment advice.
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The popular trading application UniBot is preparing to launch a Solana ecosystem-based token, UNISOL, to restore value to the owners of the original Ethereum-based UNIBOT token, which caused variable price movements last week due to initial criticism.
UniBot’s UNISOL MoveUniBot made a significant impact with its expansion into the Solana ecosystem at the end of December 2023. Following this expansion, it was announced last week that a UNISOL token, which would accrue income in the form of Solana’s SOL token, would be introduced. This decision caused concern among long-term UNIBOT investors, who feared that the old token’s price would fall as investors might prefer the new token, leading to selling pressure on the altcoin.
Developers stated in the early hours of the day that UNISOL could ultimately increase the price of the UNIBOT token and help mitigate some of the recent losses as investors price in the new development. As is known, UniBot allows users to connect their wallets to the decentralized exchange Uniswap and buy and sell tokens as easily as sending messages to each other on the popular messaging application Telegram or through a terminal.
In a statement regarding the new token issuance, Unibot developers announced from the platform’s official X account that “The protocol revenue generated by Unibot on Solana will be split 50/50 between two pools. Pool 1 was created for UNIBOT token holders on Ethereum without any conditions. You need to link your Ethereum wallet address holding UNIBOT to a Solana wallet address that earns income in the form of SOL. Pool 2 was created solely for UNISOL holders on Solana.”
UNIBOT holders are preparing to receive about 80% of the UNISOL supply through a snapshot and claim mechanism. Developers reported that since the launch at the beginning of this month, over 20,000 users have generated more than $130 million in volume.
Usage of the UniBot Platform is IncreasingOn-chain data shows that since its launch in May, the UniBot platform has generated 11,700 Ether (ETH) in transaction fee revenue and has paid a portion of this directly to token holders. The number of platform users has also steadily increased, from just over 2,000 at the end of June last year to 41,000 early today.
On January 28 alone, the platform generated $74,000 in transaction fee revenue from a combined volume of $7.5 million across Solana and Ethereum. According to Dune Analytics, UniBot’s average daily volume is just over $5.5 million, which is far from the daily $900 million in transaction fee revenue of the market-leading decentralized exchange Uniswap.
The latest data shows that UNIBOT has surged over 40% in the last 24 hours following recent developments. After this rise, the altcoin has slightly pulled back and is currently trading at $61.29, up 20.02%.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...
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January 29, 2024
Source / Sam Cooling x Unibot Trading application Unibot has announced the issuance of a native Solana ecosystem token, UNISOL, causing a stir in the market and triggering volatile price action last week. The move, which initially met criticism from long-time UNIBOT holders, is intended to accrue value back to the holders of the original Ethereum-based UNIBOT tokens.
F*CK points. Trade with Unibot, share your PNLs on @X and get $UNISOL tokens to start earning revenue on Solana. Our airdrops are kickstarting soon. 🪂
— Trojan on Solana (@TrojanOnSolana) January 26, 2024
Unibot is a trading tool built within Telegram that allows users to execute on-chain token trading activities on Uniswap through conversations on the messaging platform. The bot offers features like token swapping, copy trading, limit orders, privacy trading, and real-time alerts for new Ethereum tokens.
Unibot expanded its operations to the Solana ecosystem in late December, but introducing the UNISOL token last week raised concerns among UNIBOT holders. Fears of dilution led to a sell-off as traders seemed inclined to favor the newer UNISOL token over the original UNIBOT.
However, developers reassured the community on Monday that UNISOL could enhance UNIBOT’s value accrual, potentially alleviating recent losses as traders factored in new information. Unibot facilitates user wallets’ connection to the decentralized exchange Uniswap, enabling seamless token trading similar to messaging on popular platforms like Telegram or a terminal.
Developers explained the revenue-sharing mechanism for protocol-generated income by @UnibotOnSolana, splitting it 50/50 between two pools. The first pool benefits holders of UNIBOT on Ethereum, who link their Ethereum address to a Solana address receiving revenue in SOL. The second pool rewards holders of UNISOL on Solana.
UNIBOT holders are slated to receive approximately 80% of the UNISOL supply through a snapshot and claim mechanism. Despite the recent sell-off, developers believe this integration could enhance UNIBOT’s value proposition.
Users can interact with Unibot directly on Telegram, streamlining the process of making token trades without switching between social and decentralized finance (DeFi) applications. Unibot charges transaction fees ranging from 0.5% to 1.5% for each transaction, with 80% of its income generated from these token trading taxes.
Since its launch in early January, Unibot has attracted over 20,000 users, generating more than $130 million in total volume, according to developers. The platform’s user base has steadily increased, reaching 41,000 on Monday, up from just over 2,000 at the end of June.
Unibot Expands to Solana with Unisol Aiming to Boost Revenues Amid Shift in Memecoin Trading Activity
According to Dune Analytics data, out of the current 3,280 ETH revenue captured by Unibot, 2,843 ETH comes from the UNIBOT token trading tax, with less than 20% generated from the main bot trading business. On Sunday alone, according to Dune Analytics, Unibot generated $74,000 in fees across Solana and Ethereum, with average daily volumes exceeding $5.5 million.The application’s revenue model revolves around two primary methods: bot trading fees and the trading tax of its native token, UNIBOT. The former involves the platform charging a 1% fee on each transaction, with 40% distributed to token holders. The latter is a 5% tax on all UNIBOT token transactions, with 1% allocated to token holders.However, revenues generated by Unibot are shared with token holders who possess at least 10 UNIBOT. Token holders have received over 4,496 ETH in total rewards, valued at over $11.3 million at current prices.Token holders can enhance their rewards by sharing their unique referral code, earning 25% of the total fees generated by anyone using their referral code. Stakers can expect a 9.43% annual percentage rate (APR).Unibot’s strategic expansion to the Solana blockchain comes amid a booming period for blockchain trading in December. Decentralized exchanges on Solana have now become the third-most active among traders, following those on Ethereum and Arbitrum.Last summer, Ethereum experienced a similar memecoin frenzy driven by platforms like Unibot and Maestro, leveraging Telegram trading bots. As activity metrics on Solana return to normal after a year-end surge, Unibot’s move to Solana aims to capitalize on the blockchain’s increasing popularity among traders.During its peak in August, Unibot facilitated over $8 million in daily trading volume through its Telegram interface, generating more than 11,400 Ether worth $29.5 million in lifetime fees. However, with a significant portion of memecoin trading activity shifting from Ethereum to Solana, Unibot’s revenue also experienced a decline.Popular trading bots are following the Solana trend to boost revenues, yielding positive results. Unibot’s eponymous token has surged 85% over the past month, trading around $94.
The native token of trading application Unibot (UNIBOT) sunk 40% on Monday after announcing the termination of its collaboration with the team that deployed it on Solana over security concerns.
Unibot said a breach of trust had occurred when the Solana group "launched the Blast bot named "evm_unibot" without obtaining prior permission and authorization from us," in a post on X, adding that the group refused to perform KYC and failed to honor commitments around fees.
Dear Community Members,
We are reaching out to share a significant update regarding our collaboration with the team which deployed Unibot on Solana.
After careful consideration and feedback from our partnered organizations, the Unibot core team has decided to part ways with the…
— Unibot (@TeamUnibot) March 11, 2024 "This decision is rooted in security concerns, prompting us to transition to in-house development and operation of Unibot on Solana using our secure server infrastructure," Unibot added.
From trading at a high of $77 at the start of the European morning on Monday, UNIBOT sank 40% to around $45.51 before rebounding slightly. At the time of writing, it is priced at $50.75, down just over 30% on the last 24 hours, according to data by CoinMarketCap.
Read More: Solana Client Developer Jito Ends 'Mempool' Function
Unibot, a well-known Telegram Bot project, is currently going through a lot of trouble because of its partnership with Solana. The core team of Unibot has made the important decision to cut ties with Solana. They have also cited problems that have come up during their time working together.
Dear Community Members,
We are reaching out to share a significant update regarding our collaboration with the team which deployed Unibot on Solana.
After careful consideration and feedback from our partnered organizations, the Unibot core team has decided to part ways with the…
— Unibot (@TeamUnibot) March 11, 2024 Unibot Uncovers Breach of Trust with Solana At the heart of the decision lies a breach of trust. Unibot discovered that the Solana team had set up “evm_unibot” on Blast without permission. This one-sided action violated Unibot’s rules and caused withdrawal issues for users. Unibot values community trust and safety, and these actions damage it.
Additionally, the Solana group’s refusal to follow KYC rules made things worse. Know Your Customer (KYC) procedures ensure financial transaction security and compliance. Solana’s refusal to follow these rules caused Unibot problems and raised questions about the platform’s openness and compliance.
Solana kept their Unibot fee promises despite being repeatedly asked to do so. Not paying their bills put Unibot’s finances at risk and lowered the Solana team’s credibility. The Unibot core team had to reconsider their partnership with Solana because they couldn’t solve these issues.
Unibot decided to strategically build its own Solana bot to address these issues. This move aims to regain platform control and improve security to protect users. Unibot wants to bring development in-house to make it more transparent, accountable, and user-safe.
Unibot Teams Up with [Redacted] for New Solana Bot Development Unibot launched a partnership with [Redacted] to develop its Solana bot. This partnership gives Unibot a fresh start by using [Redacted]’s knowledge and resources to build a powerful and simple Solana bot. This partnership supports Unibot’s goal of creating new blockchain solutions and improving user experience.
This partnership gives Unibot users SOL reward tokens from the Unibot Core Team. This project rewards loyal Unibot users and encourages community participation. SOL reward token announcements will be made on Unibot’s official channels. All users will have clear and open access.
Overall, Unibot’s decision to end its partnership with Solana shows its commitment to transparency, openness, and user safety. Unibot wants to overcome its issues and become stronger by developing its Solana bot and partnering with [Redacted]. Unibot will continue to serve its community and improve the blockchain ecosystem as it evolves.
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
Unibot, a distinguished presence in the realm of crypto trading services on Telegram, has made the significant decision to sever ties with the Solana team. This development comes in the wake of a series of unsettling incidents that have shaken the foundation of trust within the Unibot community and raised pertinent security concerns.
Venturing onto social media platforms, Unibot’s core team has taken the proactive step of elucidating the rationale behind this decision. A pivotal factor cited in this explanation is the unauthorized rollout of “evm_unibot” by the Solana group, an action undertaken without the requisite permissions or approvals from Unibot. This breach of protocol has served as the catalyst for the dissolution of the partnership.
Unibot’s Commitment to Security and Transparency In a resolute demonstration of its commitment to the principles of security and transparency, Unibot has unveiled its strategic plan to transition towards the in-house development and management of its Solana bot. This decisive move underscores Unibot’s unwavering dedication to upholding the integrity of its services and safeguarding the interests of its loyal user base.
Furthermore, the core team at Unibot has not hesitated to hold the Solana group accountable, issuing a call for rebranding and the fulfillment of obligations pertaining to the distribution of fees pledged to Unibot holders. However, the announcement of this strategic realignment has been met with a significant market response, with the price of UNIBOT experiencing a precipitous decline of over 46% within the span of just 24 hours, now trading at $40.25.
Also Read: Court Denies Sam Altman’s Worldcoin Ban Lift Plea, WLD Price To Drop?
Partnerships and Community Response Despite the fracture in its relationship with the Solana team, Unibot has wasted no time in charting a course for the future. The unveiling of an impending partnership with a redacted entity signals Unibot’s proactive approach towards advancing the development of its proprietary Solana bot.
This collaboration is poised to elevate the user experience across prominent platforms such as Telegram and Unisol-X, while also ensuring the direct distribution of SOL reward tokens by the Unibot Core Team. However, the news of this partnership has ignited a diverse spectrum of reactions within the crypto community. While some stakeholders have expressed skepticism regarding the terminology employed in Unibot’s announcement, others have seized upon the opportunity to champion their own initiatives, including the launch of airdrop campaigns.
Also Read: Bitcoin Records $2.6B Weekly Inflow Amid Growing Wall Street Interests
In a pivotal move that underscores its commitment to integrity and user trust, the Unibot Core Team has announced a strategic shift in its approach to deploying Unibot on the Solana blockchain. The decision, driven by a series of operational and ethical considerations, marks a significant departure from the team’s previous collaboration with an external group responsible for Unibot’s Solana operations.
The core team’s resolve to realign its operations with its foundational values of transparency, security, and honesty heralds a new era for Unibot and its dedicated community.
Realigning with foundational values The Unibot Core Team’s decision to sever ties with the external Solana deployment team is not one taken lightly. It stems from a profound commitment to uphold the project’s core values, which serve as the bedrock of its relationship with the community. The request for the external group to change its name and fulfill its financial obligations to Unibot holders reflects the core team’s dedication to transparency and accountability. The move is a clear statement that Unibot stands for more than just technological innovation; it embodies a commitment to ethical conduct and community respect.
The issues leading to the decision, including unauthorized launches and a refusal to comply with standard KYC procedures, have highlighted significant gaps in alignment between the external team’s operations and Unibot’s values. These challenges have underscored the necessity for the Unibot Core Team to take decisive action, ensuring that all aspects of Unibot’s deployment on Solana are conducted in a manner that reinforces trust and security for its users.
Unibot Core Team forging ahead with a new partnership In response to these challenges, the Unibot Core Team is charting a new course by partnering with a yet-to-be-disclosed entity for its proprietary Solana bot. The partnership is poised to redefine the Unibot experience on Solana, prioritizing the security and transparency that are fundamental to the project’s ethos. The forthcoming Solana bot, accessible through the Telegram platform and Unisol-X platform, signifies a strategic pivot towards in-house development and operation, promising a more secure and user-centric platform.
The anticipation surrounding the official launch of the Unibot Solana Official TG Bot and Unisol X is palpable. With the promise of zero fees on Unibot Solana for the first month, the core team is not only demonstrating its commitment to providing value to its users but also its confidence in the new direction. The transition period is a testament to the team’s agility and its unwavering focus on delivering a platform that meets the high standards expected by its community.
A renewed commitment to excellence The Unibot Core Team’s strategic redirection is a bold affirmation of its dedication to the project’s core values and its community. By taking control of Unibot’s Solana operations, the team is setting a new standard for transparency and security in the DeFi space. The move is expected to bolster user confidence and solidify Unibot’s position as a trusted name in decentralized finance. The introduction of SOL reward tokens directly from the Unibot Core Team further exemplifies the commitment, offering tangible benefits to users and reinforcing the project’s community-centric approach.
Looking forward, the Unibot Core Team’s focus on in-house development and strategic partnerships is poised to usher in a new era of innovation and growth for the project. As Unibot continues to evolve, the core team’s dedication to its foundational values will remain at the forefront of its operations. The community can expect a platform that not only meets but exceeds the highest standards of security, transparency, and user engagement. With these changes, Unibot is well on its way to achieving its vision of becoming a leading force in the DeFi ecosystem, driven by a commitment to excellence and a deep respect for its users.
Conclusion The Unibot Core Team’s recent announcements represent a significant milestone in the project’s journey. As it embarks on the new chapter, the team’s dedication to its core values and its community is clearer than ever. With a strategic shift towards in-house development and a new partnership for its Solana operations, Unibot
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In a significant move, the Unibot core team has announced a decisive shift in its collaboration on the Solana blockchain, pointing toward a future where trust, security, and community values take center stage, per a statement on their official social media accounts.
Unibot Core Team Emphasizes Commitment To Transparency and Security This pivot comes as the team ends its partnership with the group that previously deployed Unibot on Solana, citing a misalignment with Unibot’s foundational principles of transparency, security, and honesty.
According to a recent Unibot’s official X account update, this separation was fueled by “trust and commitment breaches.” Notably, an unauthorized launch of a Blast bot under Unibot’s name without prior approval and a consistent refusal to adhere to Know Your Customer (KYC) protocols “raised red flags.”
Moreover, the Solana group’s failure to fulfill financial obligations to Unibot holders prompted the core team to take decisive action to “protect its community and uphold its standards.”
Despite these challenges, Unibot is turning a new page by announcing a proprietary Solana bot in collaboration with a new partner, which will soon be revealed.
This partnership aims to ensure that Unibot users on the Telegram and Unisol-X platforms can continue engaging with the trading bot securely and efficiently, with the promise of SOL reward tokens directly from the Unibot Core Team.
UNIBOT’s price trends to the downside on the daily chart. Source: UNIBOTUSDT on Tradingview Unibot Announces Billion-Dollar Milestone And New User-Centric Features The shift comes at a time of notable achievement for Unibot, having crossed an impressive $1 billion in lifetime trading volume. This milestone, coupled with a daily record of $20 million in volume and an active user base of 10,000, underscores the vibrant growth and potential of Unibot’s platform.
The team is also exploring innovative features to enhance user experience, including trading directly through Telegram for fast transactions, integrating leveraged trades with decentralized exchanges, and expanding trading strategies through options.
As the project embarks on this new chapter, the focus remains squarely on fostering a secure and empowering user environment. With an eye on the future, the Unibot team is committed to “pioneering the next wave of trading bot technology,” guided by the values that have always set them apart.
For those new to the platform or seeking to deepen their engagement, Unibot offers a wealth of resources to get started and maximize their trading experience. According to a community member speaking about the project:
UNIBOT is a pretty incredible invention. Trading with MM (market makers) or a ledger is slow and clunky. Trading directly through telegram is great for fast swaps, scalps, etc. Some things that would blow Team Unibot out of the water…
Cover image from Dall-E, chart from Tradingview
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Unibot’s native token fell past $50 today.Conflict has broken out between the popular Telegram bot’s Ethereum and Solana developers.Both sides traded accusations of breach of trust.Unibot’s token fell more than 40% today as news emerged of infighting between its Ethereum and Solana developers of the popular Telegram trading bot with over $1.1 billion in volume.
Unibot’s Ethereum developers said they had ended their collaboration with their Solana counterparts, accusing them of reneging on previous agreements.
The Solana group confirmed the split, announcing plans to rebrand from Unibot’s Ethereum team.
Unibot is a Telegram trading bot on both Ethereum and Solana. It first emerged on the Ethereum mainnet last May, followed by a Solana deployment in January.
Unibot users, especially those who use the Solana-based iteration, now find themselves in the lurch.
Today’s split is the latest problem to rock Unibot, which was previously hacked for $5.6 million last year. These problems have contributed to the project falling further behind its major rival, Banana Gun bot.
Unibot and Banana Gun bot belong to a class of projects that allow crypto users to trade tokens using only a few simple commands on Telegram.
Hello! This chart will be available in a few moments
Unibot token slumps below $50 amid in-fighting between project teamsTelegram bots have evolved into a crypto niche in their own right and boast a $1.6 billion market capitalisation, according to Coingecko.
Apart from trading, several bots also share revenue with users, and some of them help traders automate airdrop farming activities.
Unibot developers lance accusationsThe Ethereum developers behind Unibot accused the Solana group of a breach of trust because the latter also launched a version of the bot on the Blast blockchain without its approval. Blast is a layer-two blockchain built by the same team behind the NFT marketplace Blur.
Unibot’s Ethereum developers accused its Solana counterparts of refusing to undergo the KYC identification process, too.
As such, the Unibot Ethereum team demanded the Solana group change its name which is currently Unibot on Solana.
Following the split, the Unibot Ethereum developers launched a Unisol X frontend for users on Solana as an alternative to the Unibot on Solana bot. They decided to launch a second front because they are no longer working with the Solana group.
Responding to Unibot’s accusations, Reethmos, the pseudonymous Unibot on Solana builder, said the split would not affect its users.
Unibot has earned over $53 million in revenue since inception. (whale_hunter/Dune/whale_hunter/Dune)
Reethmos countered Unibot’s statement and accused the Ethereum developers of engineering the split because the Solana team blocked their access to the bot’s revenue.
“They farmed $30 million from tax farming but apparently it wasn’t enough,” Reethmos said on X, formerly Twitter. Tax farming is the practice of levying fees on token swaps, and Unibot’s Ethereum developers earn 40% of the tax imposed on trading the token.
Unibot generates revenue across all chains, which is shared among token holders. To qualify for the revenue share, holders must hold at least 10 Unibot tokens.
Of the $53 million in cumulative revenue the bot has generated, $48.2 million has been realised on the Ethereum deployment.
Osato Avan-Nomayo is our Nigeria-based DeFi correspondent. He covers DeFi and tech. To share tips or information about stories, please contact him at [email protected].
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The year 2024 marks the dawn of a new era, not just for technology but for finance, as a major victory was achieved for Bitcoin Spot ETFs (Exchang-Traded Funds). It’s now the era where the past will be appreciated for its foresight and doggedness.
When the pioneer cryptocurrency and digital currency, Bitcoin launched in January 2009, it was nothing like a real-world asset or of an ‘agreed’ digital value, but an almost neglected bag of gold as it faced enough rejection from all phases. Even with Satoshi’s Whitepaper, Bitcoin wasn’t given a cordial welcome in the world of finance.
However, for all its promise, BTC remained shrouded in an air of mystery and skepticism. It took several years for Bitcoin to cement its value in the world of technology, finance, and the digital economy, assuming a giant role amidst many other cryptocurrencies.
However, On January 10, 2024, the SEC, in its official filing, approves all 11 Bitcoin Spot ETFs. This long-awaited green light from the US SEC marked a watershed moment, not just for Bitcoin, but for the entire cryptocurrency industry.
The 14-year journey to this point was arduous and paved with skepticism; regulatory hurdles loomed large, with the SEC citing concerns about market manipulation and investor protection as justification for repeated rejections. Attempts like Bitcoin futures ETFs offered limited exposure, failing to capture the true essence of a spot ETF’s direct price tracking.
Bitcoin Spot ETF Explained The recent approval of Bitcoin spot ETFs has stirred excitement across the financial landscape. But what exactly are these instruments, and what impact will they have on the future of BTC and, more broadly, on the investment landscape?
Bitcoin “Spot” ETFs (exchange-traded funds), unlike their futures-based counterparts, don’t track the price of Bitcoin futures contracts. Instead, they take a more direct approach, holding the underlying asset – Bitcoin itself – in secure digital custodians.
This eliminates the potential for “basis risk,” a phenomenon where futures prices deviate from the actual cash price of Bitcoin. Simply put, Spot ETFs offer a more straightforward and transparent way to gain exposure to BTC’s price movements, akin to traditional gold-backed ETFs.
Bitcoin Spot ETFs function similarly to their traditional counterparts, such as those tracking stock market indices. They pool investor capital, purchasing Bitcoin and holding it securely. Each share of the ETF represents a fractional ownership of the pooled Bitcoin, allowing investors to participate in the market without directly holding or managing the cryptocurrency themselves. This eliminates technical complexities and potential security risks, particularly for those with limited crypto experience, potentially broadening the base of Bitcoin investors.
The Genesis Of Bitcoin ETFs (Early Days and Conceptualization – 2013-2017) The earliest sparks of a Bitcoin ETF concept date back to 2013, when the Winklevoss twins first proposed their Gemini ETF. Winklevoss twins, Cameron and Tyler, both tech entrepreneurs with a vision in 2013, submitted the first application for a Bitcoin ETF, the Gemini ETF, sparking the decade-long journey to regulatory approval.
This audacious proposal was outrightly rejected by the SEC during the tenure of its former chairman, Jay Clayton, who later resigned in 2020 and became a supporter of cryptocurrency. Interestingly, Clayton is now actively involved in crypto regulations when he joined the advisory board of Fireblocks, a crypto custody platform.
The following years were a crucible of innovation and uncertainty. While Bitcoin’s market capitalization surged, attracting both fervent supporters and cautious observers, the SEC remained hesitant. The regulator’s concerns about market manipulation, price volatility, and the nascent state of blockchain technology were cited as justifications for repeated rejections of subsequent ETF proposals, including Grayscale’s attempt to convert its Bitcoin Investment Trust into a spot ETF.
Yet, amidst the rejections, there were flickers of progress. Technological advancements improved blockchain security and custody solutions, addressing initial concerns about vulnerability and potential wash trading. The global adoption of Bitcoin, particularly in Canada with its approval of Spot ETFs in 2021, served as a compelling case study for increased accessibility and market stability.
This period also saw the SEC’s stance slowly evolve. The appointment of Gary Gensler as SEC Chair in 2021 brought a newfound openness to dialogue and exploration of potential regulatory frameworks for cryptocurrencies. The approval of the first US-listed futures-based bitcoin ETF in October 2021, despite its limitations, offered a glimpse of what could be.
The Turning Point: A Decade Of Persistence Pays Off (2018-2023) While the 2017-2018 crypto boom and subsequent crash sent shockwaves through the industry, it also served as a crucible, forging resilience and fueling a renewed focus on compliance and innovation. Industry figures like Grayscale, undeterred by previous rejections, continued to refine their proposals, incorporating crucial safeguards and addressing regulatory concerns.
This relentless pursuit of approval finally yielded results in 2023. In May, Cathie Wood’s ARK Investments filed for a spot bitcoin ETF, setting a definitive deadline for the SEC’s decision.
Then, in June, BlackRock’s entry into the arena with its own Spot Bitcoin ETF application sent ripples of excitement through the financial world. This move by a traditional financial giant signalled a crucial shift in sentiment, demonstrating growing institutional confidence in BTC’s potential.
The months that followed were a whirlwind of activity. A flurry of applications from firms like Fidelity and Invesco poured in, fueled by the momentum of BlackRock’s move and the prospect of imminent approval. In August, a pivotal legal victory for Grayscale in the D.C. Circuit Court further strengthened the case for spot ETFs, forcing the SEC to re-examine its previous rejections.
Finally, the SEC, in a historic decision, greenlighted 11 spot bitcoin ETF proposals, including those from BlackRock, Fidelity, and VanEck. This moment marked the culmination of a decade-long struggle, signifying the mainstream acceptance of investor participation in the cryptocurrency space.
Ripples Across The Crypto Landscape: Implications Of Bitcoin Spot ETFs (2024) The arrival of spot ETFs has cast a wide net, sending ripples across various spheres of the financial world. There are a lot of potentials and challenges presented by spot ETFs, vital impact on market stability, institutional adoption, and regulatory oversight. There are positive predictions that the Bitcoin market cap could rise above $1 Trillion after the launch of Bitcoin Spot ETFs.
Let’s contemplate the broader significance of this pivotal moment, what it means for the future of finance, and its relationship between technology and traditional financial systems here.
Investor Crossroads For retail investors, Spot ETFs offer a convenient and familiar way to participate in the Bitcoin market without directly holding the cryptocurrency. This opens the door to broader adoption and increased liquidity, potentially leading to smoother price discovery and reduced volatility. The influential American magazine, Forbes predicted the BTC price will trade as high as $80,000 as a result of Bitcoin Spot ETFs’ approval.
The year 2024 is also shaping up to be a good one, if not one of the best seasons for cryptocurrency, especially Bitcoin, as it’s the season for Bitcoin halving, which will have another mega impact on the crypto industry.
However, the inherent risks of Bitcoin, including price fluctuations and potential exposure to fraud, must not be underplayed. Investors should approach spot ETFs with cautious optimism, ensuring a proper understanding of the technology, market dynamics, and associated risks before venturing in.
Institutional Embrace Bitcoin The arrival of spot ETFs marks a significant step towards institutional acceptance of Bitcoin. The involvement of established financial institutions like BlackRock and Fidelity lends credibility to the cryptocurrency and paves the way for further integration with traditional financial products and services.
Concerns remain about the impact of institutional involvement on market manipulation and potential conflicts of interest. However, regulatory oversight and robust compliance frameworks will be crucial in ensuring a fair and transparent market for all participants.
Market Redefined Spot ETFs could potentially lead to greater market stability by introducing institutional investors and their risk management expertise. This could mitigate some of the inherent volatility of the cryptocurrency market, attracting a wider range of investors and fostering sustainable growth.
The SEC’s approval represents a cautious acceptance, not a blank check. Further regulatory clarity and potential adaptation of existing frameworks might be required to effectively address the unique challenges posed by the integration of cryptocurrencies into mainstream financial systems.
Beyond Bitcoin Spot ETFs could act as a gateway for investors to explore the broader crypto landscape. Their familiarity and ease of access might encourage exploration of other promising blockchain-based projects, accelerating the overall growth and development of the cryptocurrency ecosystem.
The success of spot ETFs will hinge on the continued evolution of blockchain technology and associated infrastructure. Scalability, security, and user experience will remain key areas of focus for ensuring the smooth functioning and widespread adoption of crypto-based financial products.
The 11 Spot Bitcoin ETFs products (with their ticker symbols) approved on January 10, 2024, are:
Blackrock’s iShares Bitcoin Trust (IBIT) ARK 21Shares Bitcoin ETF (ARKB) WisdomTree Bitcoin Fund (BTCW) Invesco Galaxy Bitcoin ETF (BTCO) Bitwise Bitcoin ETF (BITB) VanEck Bitcoin Trust (HODL) Franklin Bitcoin ETF (EZBC) Fidelity Wise Origin Bitcoin Trust (FBTC) Valkyrie Bitcoin Fund (BRRR) Grayscale Bitcoin Trust (GBTC) Hashdex Bitcoin ETF (DEFI) Conclusion The approval of Bitcoin spot ETFs is a watershed moment, not just for the cryptocurrency itself, but for the entire financial landscape. It marks a new chapter in the saga of Bitcoin, one where its disruptive potential can be harnessed within the framework of established financial systems.
Also, this path forward is paved with both opportunities and challenges. Navigating regulations and addressing investor risk concerns are important to ensure seamless integration with traditional financial systems and regulatory bodies, which will be crucial in determining the ultimate success of this technological leap.
Final Thoughts The approval of Bitcoin spot ETFs is not merely a regulatory green light; it’s a resounding declaration of Bitcoin’s arrival on the main stage of finance.
Related Reading: Celestia Network: How To Stake TIA And Position For 5-Figure Airdrops
However, the journey is far from over. This approval is a milestone, not a destination. As we stand at this turning point, it’s important to remember the spirit of defiance that birthed BTC. It was born from a desire for autonomy, for freedom from centralised control, and for a more equitable financial system.
While ETFs offer a bridge between this decentralized world and the established financial order, it’s crucial not to lose sight of these core principles.
BTC price struggles post-Bitcoin Spot ETF approval | Source: BTCUSD on Tradingview.com Featured image from Cryptopolitan, chart from Tradingview.com
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The Artificial Superintelligence Alliance (ASI) kicked off phase 1 of its token merger process. The project recently announced the beginning of the migration process with the delisting of Ocean Protocol (OCEAN) and SingularityNET (AGIX) from crypto exchanges. However, FET is facing some pressure following its rebranding and supply update.
ASI Token Merger Phase 1 Begins On July 1, the ASI alliance and Fetch.AI (FET) announced the multi-token merger to unify OCEAN, AGIX, and FET. As part of phase 1, withdrawals and deposits with OCEAN and AGIX would close in preparation for the migration to FET.
Additionally, the delisting process from crypto exchanges would begin for the two tokens. Meanwhile, FET would continue to trade as usual, with spot and perpetual trading continuing under the same tricker.
The initial phase of the merger aims to “onboard exchanges and data aggregators for a smooth transition.” Fetch.AI saw a rebrand across platforms. The project took the Artificial Superintelligence Alliance name and logo but kept its ticker.
Moreover, the ASI alliance opened a migration platform on the SingularityDAO dApp to help users migrate their tokens. Some crypto exchanges, including Kraken and Coinbase, revealed they would not support customers on the ASI token merger.
Kraken announced that the trading of OCEAN and FET will continue to be supported on the platform until further notice. The exchange also noted that users must withdraw their tokens to a self-custodial wallet to migrate them.
Similarly, Coinbase informed its users that it chose to “not execute the migration of these assets on behalf of users.” Both exchanges also clarified they would not support the eventual migration from FET to ASI.
FET Retraces Following Rebrand After updating the token’s name, supply, and market capitalization, FET flipped Render (RNDR) in the AI tokens sector. According to CoinMarketCap data, the token is now the 27th largest cryptocurrency by market cap, with $3.38 billion.
Following the rebrand, FET’s price dropped similarly to when the token merger delay news was released. At the time, the merging tokens saw an 8-10% price decline following the rescheduling of the merger. The delay was attributed to logistical and technical issues.
FET fell from the $1.4 support zone on Monday to $1.27, a 9.7% drop in 12 hours. However, the AI token has recovered the $1.3 mark, currently trading at $1.33, representing a 3.6% decline in the last 24 hours.
Some market watchers found this performance disappointing. Some investors believe it might be best not to get involved until the merger is completed. Sjuul Follings, crypto trader and founder of Alt Crypto Games expressed his disappointment with the token’s recent fakeout.
Per the trader, he was optimistic about the late June price action, believing the token was about to break out and expand ahead of the ASI alliance. Nonetheless, FET could not reclaim the $1.8 support zone and retraced to the $1.4 support level over the weekend.
Despite the bearish trend, investors remain optimistic about the token’s future as the merger’s phase 1 is only starting. Some investors forecast a short-term price target of $5 for ASI and a long-term goal of $13.
FET is trading at $1.33 in the weekly chart. Source: FETUSDT on TradingView Featured Image from Unsplash.com, Chart from TradingView.com
Token unlock events release previously restricted tokens, often tied to fundraising agreements. These events are planned carefully to manage market impact and support price stability.
Here are five important token unlocks scheduled for today and the upcoming week.
XRP Although XRP had no scheduled vesting period today or in the common weeks, it experienced a surprising token unlock today on February 2.
Data from Whale Alert showed that 400 million XRP tokens – worth around $1.13 billion – were unlocked today by Ripple. However, the entire supply of the unlocked tokens won’t enter the market.
Ripple will only use a small portion of the tokens to select activities. The remaining tokens will be locked back into custody.
However, such a major token unlock could potentially impact the XRP price in the market.
XRP Token Unlock Today. Source: Whale AlertXRP is currently the third-largest cryptocurrency in the market, with a capitalization of over $160 billion. Despite a 300% rally since Trump’s election victory in November, XRP has shown some bearish signals in recent weeks.
Jito Labs (JTO) Unlock Date: February 7 Number of Tokens to be Unlocked: 11.3 Million JTO Current Circulating Supply: 289.4 Million JTO Jito Labs is a leading Solana MEV (Maximum Extractable Value) infrastructure company. It develops high-performance systems to improve the Solana blockchain’s efficiency and performance.
The company offers a liquid staking solution, allowing users to stake SOL tokens and receive JitoSOL in return. The JTO token is the governance token for the Jito Network, allowing holders to participate in key decisions shaping the network’s future.
JTO has a total supply of 1 billion tokens. Currently, around 289.4 million JTO tokens are in circulation. On February 7, the network will unlock an additional 11.3 million tokens worth around $33,89 million.
According to Cryptorank data, these tokens will be distributed to the network’s core contributors and investors.
JTO Unlock. Source: CryptorankGalxe (GAL) Unlock Date: February 5 Number of Tokens to be Unlocked: 5.18 Million GAL Current Circulating Supply: 127.7 Million GAL Galxe is a decentralized super app and Web3’s largest on-chain distribution platform. The platform offers various applications, including Galxe Quest, Galxe Compass, Galxe Passport, and Galxe Score, which enable user engagement and credential management.
The native utility token of the Galxe ecosystem is the GAL token, which powers transactions and serves as the gas token on the Gravity chain.
Galxe has a total supply of 200 million GAL tokens, with 70.5% token, around 127.7 million currently in circulation. On February 5, the network will unlock an additional 5.18 million GAL tokens.
The newly unlocked tokens will be distributed across the ecosystem. The lion’s share of the unlocked tokens – around 3.2 million – will go to investors or growth backers. The rest of the GAL tokens will be distributed among the community members, project team, partners, and advisors.
GAL Unlock. Source: CryptorankTARS AI (TAI) Unlock Date: February 2 Number of Tokens to be Unlocked: 26.7 Million TAI Current Circulating Supply: 586.6 Million TAI TARS AI is an AI-driven platform on the Solana blockchain that facilitates seamless Web2 to Web3 transitions with scalable solutions.
TAI has a total supply of 1 billion tokens, with 59.4% still locked. Today, February 2, an additional 2.68%—26.7 million TAI tokens—will be unlocked. The tokens will be distributed among all major stakeholders of the platform.
The largest portion will be distributed to the platform’s ‘AI to Earn’ feature. The rest will be distributed among liquidity and market makers, project teams, community airdrops, and investors.
TAI Unlock. Source: CryptorankNeutron (NTRN) Unlock Date: February 3 Number of Tokens to be Unlocked: 9.96 Million NTRN Current Circulating Supply: 284.8 Million NTRN
Neutron (NTRN) is a permissionless smart contract platform built using Tendermint and the Cosmos SDK. It enables inter-chain smart contract deployment and supports Inter-Blockchain Communication (IBC) protocol.
This allows developers to create cross-chain applications with enhanced security and interoperability features.
NTRN has a total supply of 1 billion tokens, with only 22% currently circulating. The upcoming token unlock will see 9.96 million NTRN tokens worth around $2.38 million enter the market. These tokens will be distributed among team members, investors, and advisors.
NTRN Unlock. Source: CryptorankNext week’s token unlock will also include Tribal Token (TRIBL), NEON, and Automata Network (ATA), among others. Overall, around $70 million worth of new tokens will be unlocked.
Crypto investor Chris Burniske says that Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and the crypto market in general look ready to make a run.
The former head of crypto at ARK Invest tells his 292,200 followers on the social media platform X that several catalysts are now lining up, hinting that digital asset markets are on the verge of a rally.
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According to Burniske, a partner at venture capital firm Placeholder, the highly anticipated launch of Ethereum-based exchange-traded funds (ETFs), Republican presidential candidate Donald Trump speaking at an upcoming Bitcoin event and the current state of BTC, ETH, and SOL charts all suggest major bullishness for crypto markets.
“With ETH ETFs slated to go live, Trump speaking at The Bitcoin Conference, and BTC, ETH, SOL charts that look like [they do] (while equities are weak), it’s hard to see a world where we don’t send next week.”
Reuters recently reported that preliminary approval for ETH ETFs was granted while The Bitcoin Conference is set to take place from July 25th-July 27th.
BTC, ETH, and SOL are trading for $67,333, $3,528 and $174 at time of writing, respectively.
The venture capitalist also provides an update on his prediction that the total market cap of crypto assets will eventually reach $10 trillion. According to his chart, the road to $10 trillion is currently “23%” complete as it sits around $2.2 trillion.
Source: Chris BurniskeX Earlier this month, Burniske said in an interview with Real Vision CEO Raoul Paul that he’s keeping a close eye on the Move ecosystem, which was originally built by social media giant Meta and then used to develop layer-1 blockchains Sui (SUI) and Aptos (APT).
Solana Monkey Business led the NFT market with a daily sales figure of US$971,164 on Thursday, according to CryptoSlam data.
Solana rose to the top of the NFT market after recording the third-highest sales volume on Wednesday, snapping a two-day streak of Gods Unchained leading.
Solana Monkey Business now has US$208.9 million in all-time sales volume, which is about US$2.5 million away from the sector’s 30th spot, currently occupied by SATS, a BRC-20 NFT.
The Solana blockchain, home to the day’s top-ranking Solana Monkey Business collection, witnessed a 4% increase in its daily sales, reaching US$3.23 million.
Ethereum led all chains with US$4.56 million.
The second-ranking collection for the day is DMarket, with a total sales volume of US$573,154, attributed to 3,137 unique buyers and 2,841 sellers. This collection, which operates on the Mythos blockchain, experienced a slight dip from the previous day’s sales of US$603,635.
Bored Ape Yacht Club, the NFT market’s second all-time leader in sales on the Ethereum blockchain, secured the third position with a daily sales volume of US$519,100.
Gods Unchained Cards fell to the fourth spot after leading the market for two days, while the DogeZuki collection came in at fifth.
Pudgy Penguins also made headlines with a daily sales volume of US$428,658, maintaining its position in the daily top 10 list.
Over the recent 7 days, the non-fungible tokens saw a significant rise in sales. The top NFT collections over this week in terms of sales take into account Solana Monkey Business, DMarket, DogeZuki Collection, Guild of Guardians Heroes, and Gods Unchained Cards. The well-known NFT data aggregator CryptoSlam has provided the respective ranking of the NFT projects.
Solana Money Business Maintains Its Top Position among the Top NFT Projects in Terms of Sales According to the platform, Solana Monkey Business took the 1st position among the NFT collections witnessing significant sales. In this respect, the non-fungible token collection recorded sales of up to $4,185,567 worth this week. This figure indicates a decline of nearly 18.42% in Solana Money Business’ sales over this period. The Mythos-based NFT collection DMarket witnessed $4,108,309 in terms of sales during this week.
CryptoSlam added that DMarket went through a dip of 0.54% in the recent seven days. After that, another Solana-based DogeZuki Collection occupied the 3rd place with sales of nearly $3,291,844 worth. Dissimilar to the above-mentioned two NFT collections, the DogeZuki Collection saw a rise in its sales rather than a slump. The NFT collection experienced a 3.12% in its sales this week. A week ago, the Gods Unchained Cards NFT was standing at the 3rd spot while DogeZuki Collection obtained the 4th position. Additionally, $?? BRC-20 NFT was the 5th on the list at that time.
Gods Unchained Cards Drops from 3rd to 5th Spot The Immutable-Zk-based Guild of Guardians Heroes obtained the 4th spot in the list with a sales volume of almost $3,099,078 worth. The NFT collection made a remarkable spike of up to 235.80%. The last entry in the list includes the Immutable-based Gods Unchained Cards. The NFT collection secured the 5th position with a sales volume of $2,766,701 worth. However, as per CryptoSlam, it went through a 21.12% plunge in sales over the above-mentioned time.
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
Solana-based UXD Protocol is winding down.UXD DAO is voting to sunset the protocol.The process could take up to two years.Solana-based stablecoin provider UXD Protocol with $7.5 million in user deposits is winding down its operations and will return unused capital to investors, the project announced on Monday.
UXD’s team blamed a lack of liquidity and the inability of its stablecoin model to achieve product-market fit as reasons for sunsetting the project which began in 2021.
“The model does lead to the stablecoin being stable, but [it] is not exciting enough for DeFi users and does not offer enough advantage over centralised stablecoins,” the team said in a DAO forum post on Monday.
“We think sunsetting the project, and returning capital to investors is the best use of capital and team resources.”
The protocol’s shutdown and capital reimbursement process is pending a DAO vote which is already underway and will last for one week.
If the vote passes, the complete shutdown process could take up to two years since there are illiquid assets in its insurance funds, the team said.
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Investor deposits in the UXD ProtocolThe long winddown window gives investors sufficient time to convert those illiquid assets to USDC and withdraw from the protocol.
The team proposed that two smart contract engineers be retained for the duration of the winddown process to ensure investors can redeem their funds.
Monday’s announcement recommended a $200,000 annual salary for both engineers.
As part of the shutdown process, UXD will burn $7.5 million worth of its UXP token.
Stablecoin contenders struggleUXD is one of several projects, alongside Parrot USD and Hubble Protocol, that sought to challenge the dominance of centralised stablecoin issuers like Circle and Tether by offering crypto-backed alternatives.
The Parrot Protocol team rage-quit last year and walked away with $47.5 million, leaving aggrieved investors with only $27 million in the reserve pool to share among themselves.
That meant several investors exited the project with only a fraction of what they put into the protocol.
Hubble Protocol’s USDH stablecoin is only worth $2.7 million, a tiny fraction of the $3.8 billion Solana stablecoin market.
While UXD was never hacked directly, it was one of the projects affected by Avraham Eisenberg’s $110 million exploit of Solana lending protocol Mango Markets in October 2022.
The protocol lost $19.9 million following the exploit but was able to recover the funds shortly after.
Osato Avan-Nomayo is our Nigeria-based DeFi correspondent. He covers DeFi and tech. To share tips or information about stories, please contact him at [email protected].
