DeFi
🪂EigenLayer Airdrop Claims Go Live
Together with
GM Challengers!
✍️ In today’s newsletter:
- EigenLayer Airdrop Claims Go Live
- Bitcoin collapses by $2,000 in 60 minutes
- Solana Memecoins Rally as Crossroads Conference Kicks Off
- Anatoly Yakovenko presents Solana Post-Firedancer
- Crypto Markets Fall Following Disappointing US Economic Data
- The weirdest moments in crypto
- Cardano to integrate CIP-69 in next upgrade
- Jupiter aims to launch a mobile app by July
🙏Sponsored
📈 Markets of the last 24 hours:
Bitcoin | $63,2843.38 | % |
Ethereum | $3,054 2.64 | % |
Gold | 1st Future2 $332 0.80 | % |
S&P500 | 5214.08 0.51 | % |
Web Arch | 32:15 4:45 | % |
Learn more about Arch Indices,[object Object] | % |
🎬 WATCH
Check out our interview with Haseeb Qureshi from Dragonfly Capital. Additionally, check out our Tutorial exploring Friend Techit’s boiling iteration v2.
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Stellar allows manufacturers to unleash human and economic potential. Explore the new Stellar smart contracts platform, Sorobándesigned for scale and sensitivity.
Guru creates a multi-chain AI compute layer with orchestration managed by Guru Enlightenment Network. The ecosystem focuses on implementing an atomic franchise mechanism for gurus to share and earn money on their AI processors and individual agents.
Safe{Wallet} is considered the most secure wallet in the web3 space, trusted by Vitalik Buterin and leading projects to protect over $100 billion in assets. The smart wallet is widely known for its multisig functionality, offering robust security measures, convenient account recovery, and access to a thriving ecosystem of over 200 integrated apps.
🪂EigenLayer Airdrop Claims Go Live
Ethereum Resumption Protocol EigenLayer opened claims for airdrops for users who participated in its participation.
THE The EIGEN token is not yet transferable but can be staked and delegated to EigenDA node operators.
📉Bitcoin collapses by $2,000 in 60 minutes
Crypto markets fell sharply Friday, retracing gains from yesterday’s rate cut, a rally driven by optimism.
Bitcoin fell 3% within an hour, while Ether plunged below $3,000. by Solana SOL down 4% at $147.
📈Solana Memecoins Rally Alongside SOL as Crossroads Conference Kicks Off
Solana Crossroads 2024 The conference in Istanbul is underway and the markets are reacting.
Coins unironically, it was considered a serious topic throughout the event, with several panelists asking for a show of hands from the active meme token traders seated among the audience – each time eliciting an enthusiastic response.
The combined capitalization of Solana memecoins rebounded 12% at $7.83 billion.
SPONSORED ARTICLE
US Treasuries are now available on-chain thanks to Cogito Finance and the launch of TFUND, an investment product that allows you to add these so-called risk-free assets to your portfolio.
FUNDS offers an attractive 5% APY, making it a stable and secure cash management solution for DAOs, Web3 protocols, institutional investors and HNWIs.
With its ultra-low risk, it is perfect for preserving capital with the benefits of blockchain and the security of traditional financial instruments.
The underlying asset is BlackRock’s iShares 0-3 Month Treasury Bond ETF (SGOV), offered by one of the best-known asset managers and a leading provider of investment solutions, consulting and risk management in the world.
🔥Anatoly Yakovenko presents Solana Post-Firedancer
CEO Anatoly Yakovenko said Solana would have officially transcended its “mainnet beta” with the Firedancer launch imminent — the Solana client of Skip crypto.
Firedancer offers a completely new codebase intended to eliminate the risk posed by Solana’s current single-client implementation, increase transaction throughput and boost network efficiency.
🏦Crypto Markets Fall Following Disappointing US Economic Data
Crypto markets fell sharply Friday morning, reversing an earlier rally that had propelled the world’s largest cryptocurrency as high as $64,212 this week.
The catalysts for the decline in cryptocurrency prices have been disappointing US economic data And hawkish remarks from Federal Reserve Bank of Dallas President Lori Logan.
🤭The weirdest moments in crypto
The term “meme” was coined by evolutionary biologist Richard Dawkins to define a cultural unit. Coinsin a certain way, are the pinnacle of the concept, because they constitute a Internet culture unit you can also own and trade.
Combine the already irreverent nature of memes with the ability to create meme-related tokens without permission, and pretty weird moments will inevitably follow.
SPONSORED SHOUT
Solana Crossroads is a crypto conference hosted in Istanbul, Turkey that offers the opportunity to collaborate with the brightest minds at Solana.
In partnership with Step Finance, we are live streaming the entire 2-day conference as the exclusive media partner of Solana Crossroads here in Istanbul, Turkey.
▶️ WATCH NOW: SOLANA CROSSROADS – THE SOLANA CONFERENCE [DAY 1]
⛓️Cardano to integrate CIP-69 in next upgrade to streamline dApp development
Charles Hoskinson, the founder of the Cardano blockchain, confirmed that CIP-69 will be included in the network’s upcoming Chang hard fork.
The proposed CIP-69 aims to strengthen security and trust for developers building on Cardano. This change would allow more versatile use of a single validation scriptallowing it to fulfill multiple roles, including minting and spending tokens, without the complications resulting from current design constraints.
📱Jupiter aims to launch a mobile app by July
Siong, co-founder of Solana’s leading DEX aggregator Jupiter, revealed a target date for launching the protocol’s mobile application.
Speaking at the Solana Crossroads 2024 conference, Siong revealed that the project aims to roll out its mobile app during “end of May or beginning of June.” Siong noted that a “flight test” version of the app is already “up and running,” with Jupiter currently in the process of submitting the mobile app to Apple for approval.
🌍 SOMEWHERE ELSE
- Jack Dorsey says Bitcoin price will exceed $1 million in 2030 (CoinDesk)
- Banks are feeling FOMO as SEC rules keep them out of crypto custody (Fortune)
- Trump gets support from crypto investors at Mar-a-Lago: “If you like crypto, you better vote for Trump” (Benzinga)
🔥 TRENDY
DeFi
If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation
Bonk and Pepe appear set to net new investors 10x to 100x returns over the next 12 months. However, cryptocurrencies in the DeFi play-to-earn gaming sector could offer even greater returns. As August approaches, Rollblock is emerging as a standout DeFi play-to-earn gem with the potential to 100x-1000x gains in the fourth quarter and beyond.
The project features an innovative revenue sharing model and exceptional accessibility, attracting players and investors. Additionally, Rollblock’s extensive game library of over 150 titles and enhanced sports betting are further driving excitement for the platform. Cryptocurrency analysts are expecting a sudden surge in demand. 800% a push for Rollblock from the beginning of September.
Bonk remains strong despite market fluctuations
While most well-known cryptocurrencies struggled throughout July, Bonk remained strong. As one of the highest-grossing meme cryptocurrencies of 2024, Bonk rose over 24% in July, while most cryptocurrencies experienced negative fluctuations.
Investors looking to add a relatively safe memecoin to their portfolio should consider Bonk. While Bonk is unlikely to generate explosive gains of 250x to 1,000x from here on out, Bonk could still theoretically provide returns in the 20x to 100x range.
Pepe should see a big rise in the next bull run
Alongside Bonk, Pepe has yet to go through a bull run. This means that there are still substantial gains to be made from Pepe over the next 12 months.
Pepe is down 4% in 30 days, but that shouldn’t worry Pepe investors in 2024. Experts believe Pepe’s best days are still ahead, with crypto analysts predicting a 10x to 50x surge in the next election cycle around November.
In the long term, Pepe could surpass the 100x mark for today’s investors. However, Pepe is a memecoin, and one should exercise caution when investing in purely speculative assets that have no utility.
Rollblock’s Unprecedented Hype Potential Could Push It Past 100x Valuation in Q4
Rollblock is a GambleFi Play-to-Earn token that integrates centralized and decentralized gambling on a single platform. By allowing players to earn rewards through active participation and gameplay, the platform creates a compelling incentive structure that appeals to both casual and competitive players.
With its cutting-edge blockchain technology, Rollblock offers top-notch security that keeps bets and transactions on the platform secure. The platform’s lack of KYC mandates appeals to both users who value anonymity and security.
Rollblock’s revenue sharing model, which allocates up to 30% of casino revenue to RBLK token holders, is a major draw for investors. The model involves burning half of the repurchased tokens and distributing the other half to stakers, increasing the token’s value and encouraging long-term investment.
The platform is also constantly evolving thanks to user feedback which has enabled updates such as the upcoming sports betting feature within the platform’s casino. This addition will complement Rollblock’s extensive game library of over 150 titles, ranging from traditional poker to innovative blockchain-based games.
RBLK is expected to emerge as one of the leading DeFi tokens in 2024. With a price of $0.0172 with impressive growth potential and over 140 million tokens sold recently, Rollblock is on track to enter the top 100 cryptocurrencies by Q4, making today a lucrative time to buy RBLK tokens.
Discover the exciting opportunities of the Rollblock (RBLK) presale today!
Website: https://presale.rollblock.io/
Social networks: https://linktr.ee/rollblockcasino
No spam, no lies, only insights. You can unsubscribe at any time.
DeFi
Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong
Veteran cryptocurrency investor Arthur Cheong believes the digital asset sector offers long-term holders a golden opportunity.
Cheong, the founder of DeFiance Capital, tell His 171,700 followers on social media platform X indicate that he believes decentralized finance (DeFi) is hugely undervalued.
According to Cheong, DeFi projects are innovating at a rapid pace and leaving traditional financial (TradFi) companies in the dust.
“It’s been a long time since I’ve been this excited about the risk/reward and potential upside of DeFi. This is probably the most misjudged moment since the pre-DeFi summer of 2020, with extremely promising prospects.
I see opportunities not only in OG (original) DeFi, but also in some newer projects that are evolving rapidly and growing at a pace that fintech startups will do anything to match.
The veteran investor also believes that crypto is now here to stay following recent launch from the Ethereum spot market (ETH) exchange-traded funds (ETFs) last week.
“Overall, the floodgates are open and there is no turning back. TradFi asset managers will continue to launch new crypto products because, guess what: there is huge demand for them!”
I expect them to launch actively managed crypto ETFs [in the] coming years. ”
Earlier this month, Cheong laid that it might be a bad strategy for cryptocurrencies to seek mass adoption, believing that digital assets are designed to disrupt several key financial sectors.
“I think we should accept that cryptocurrencies may not be suited for mass adoption like Web2, but rather are optimized for some narrow but very high-impact use cases like stateless global money, cross-border payments, and decentralized finance.
Chasing mass adoption of normies may be chasing the wrong Grail from the start.
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Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investments in Bitcoin, cryptocurrencies or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured image: Shutterstock/ktsdesign
DeFi
Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong
Veteran cryptocurrency investor Arthur Cheong believes the digital asset sector offers long-term holders a golden opportunity.
Cheong, the founder of DeFiance Capital, tell His 171,700 followers on social media platform X indicate that he believes decentralized finance (DeFi) is hugely undervalued.
According to Cheong, DeFi projects are innovating at a rapid pace and leaving traditional financial (TradFi) companies in the dust.
“It’s been a long time since I’ve been this excited about the risk/reward and potential upside of DeFi. This is probably the most misjudged moment since the pre-DeFi summer of 2020, with extremely promising prospects.
I see opportunities not only in OG (original) DeFi, but also in some newer projects that are evolving rapidly and growing at a pace that fintech startups will do anything to match.
The veteran investor also believes that crypto is now here to stay following recent launch from the Ethereum spot market (ETH) exchange-traded funds (ETFs) last week.
“Overall, the floodgates are open and there is no turning back. TradFi asset managers will continue to launch new crypto products because, guess what: there is huge demand for them!”
I expect them to launch actively managed crypto ETFs [in the] coming years. ”
Earlier this month, Cheong laid that it might be a bad strategy for cryptocurrencies to seek mass adoption, believing that digital assets are designed to disrupt several key financial sectors.
“I think we should accept that cryptocurrencies may not be suited for mass adoption like Web2, but rather are optimized for some narrow but very high-impact use cases like stateless global money, cross-border payments, and decentralized finance.
Chasing mass adoption of normies may be chasing the wrong Grail from the start.
Don’t miss a thing – Subscribe to receive email alerts directly to your inbox
Check Price action
follow us on X, Facebook And Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investments in Bitcoin, cryptocurrencies or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured image: Shutterstock/ktsdesign
DeFi
If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation
Bonk and Pepe appear set to net new investors 10x to 100x returns over the next 12 months. However, cryptocurrencies in the DeFi play-to-earn gaming sector could offer even greater returns. As August approaches, Rollblock is emerging as a standout DeFi play-to-earn gem with the potential to 100x-1000x gains in the fourth quarter and beyond.
The project features an innovative revenue sharing model and exceptional accessibility, attracting players and investors. Additionally, Rollblock’s extensive game library of over 150 titles and enhanced sports betting are further driving excitement for the platform. Cryptocurrency analysts are expecting a sudden surge in demand. 800% a push for Rollblock from the beginning of September.
Bonk remains strong despite market fluctuations
While most well-known cryptocurrencies struggled throughout July, Bonk remained strong. As one of the highest-grossing meme cryptocurrencies of 2024, Bonk rose over 24% in July, while most cryptocurrencies experienced negative fluctuations.
Investors looking to add a relatively safe memecoin to their portfolio should consider Bonk. While Bonk is unlikely to generate explosive gains of 250x to 1,000x from here on out, Bonk could still theoretically provide returns in the 20x to 100x range.
Pepe should see a big rise in the next bull run
Alongside Bonk, Pepe has yet to go through a bull run. This means that there are still substantial gains to be made from Pepe over the next 12 months.
Pepe is down 4% in 30 days, but that shouldn’t worry Pepe investors in 2024. Experts believe Pepe’s best days are still ahead, with crypto analysts predicting a 10x to 50x surge in the next election cycle around November.
In the long term, Pepe could surpass the 100x mark for today’s investors. However, Pepe is a memecoin, and one should exercise caution when investing in purely speculative assets that have no utility.
Rollblock’s Unprecedented Hype Potential Could Push It Past 100x Valuation in Q4
Rollblock is a GambleFi Play-to-Earn token that integrates centralized and decentralized gambling on a single platform. By allowing players to earn rewards through active participation and gameplay, the platform creates a compelling incentive structure that appeals to both casual and competitive players.
With its cutting-edge blockchain technology, Rollblock offers top-notch security that keeps bets and transactions on the platform secure. The platform’s lack of KYC mandates appeals to both users who value anonymity and security.
Rollblock’s revenue sharing model, which allocates up to 30% of casino revenue to RBLK token holders, is a major draw for investors. The model involves burning half of the repurchased tokens and distributing the other half to stakers, increasing the token’s value and encouraging long-term investment.
The platform is also constantly evolving thanks to user feedback which has enabled updates such as the upcoming sports betting feature within the platform’s casino. This addition will complement Rollblock’s extensive game library of over 150 titles, ranging from traditional poker to innovative blockchain-based games.
RBLK is expected to emerge as one of the leading DeFi tokens in 2024. With a price of $0.0172 with impressive growth potential and over 140 million tokens sold recently, Rollblock is on track to enter the top 100 cryptocurrencies by Q4, making today a lucrative time to buy RBLK tokens.
Discover the exciting opportunities of the Rollblock (RBLK) presale today!
Website: https://presale.rollblock.io/
Social networks: https://linktr.ee/rollblockcasino
No spam, no lies, only insights. You can unsubscribe at any time.
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