At Consensus 2024, PayPal Holdings, Inc. announced that their stablecoin, PayPal USD (PYUSD), is now available on the#blockchain #Solana . This move makes PayPal’s stablecoin faster and cheaper to use, providing significant benefits for commerce use cases. Here are the key points:

PYUSD on Solana:

Availability: Users now have the choice of multiple blockchains, allowing for increased flexibility and control.

Solana Advantages: The Solana blockchain is known for processing massive amounts of transactions at high speeds with extremely low costs. It has emerged as the leading blockchain for stablecoin transfers and is ideal for PYUSD as it continues to be used for payment use cases.

Superpowers: PYUSD on Solana benefits from new features not possible on Ethereum. For example, it uses Solana’s “Token Extensions” standards to allow more confidential transfers for merchants.

Unified Balance: The simplified experience of PayPal and Venmo wallets shows PYUSD as a unified balance regardless of the blockchain. When transferring out to external wallets, users can choose to send PYUSD on Ethereum or Solana.

Issuance: PYUSD is issued by Paxos Trust Company, a fully chartered limited purpose trust company. Reserves for PYUSD are fully backed by U.S. dollar deposits, U.S. Treasuries, and similar cash equivalents.

Where to Buy: In addition to the PayPal and Venmo wallets, Crypto.com, Phantom, and Paxos are three of the first places to buy PYUSD on Solana, enabling a seamless fiat-to-crypto experience for consumers and enterprises.

Why Solana?:

Speed and Scalability: The Solana network’s speed and scalability make it ideal for new payment solutions that are accessible, cost-effective, and instantaneous.

Next-Generation Fintech: Continued adoption from industry participants like PayPal helps realize the next generation of fintech innovation.

PayPal’s move to Solana expands the reach of PYUSD and enhances its utility for digital commerce and payments.

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#Innovation & #Launches

#Fantom Foundation creates Sonic Foundation labs (2 minute read)

Fantom has announced it will create the Sonic Foundation and Sonic Labs to support "Sonic", a new blockchain that will connect to the Ethereum ecosystem via a layer-2 bridge. The Fantom Foundation has successfully raised $10 million to bolster Sonic's ecosystem growth. It expects Fantom users to completely migrate from the Fantom chain to the Sonic chain (due to higher security and speed).

#EtherFi Unveils Plans For Credit Card Tied To Restaking Holdings (3 minute read)

Leading restaking protocol EtherFi has announced EtherFi Cash, a new credit card associated with an onchain account. Users can pay using USDC holdings or borrowing USDC against their EtherFi portfolio. Any interest accrued can be paid off using eETH staking rewards. Card pre-orders will be available in July and shipped in September.

Ethereum's Next Upgrade: Pectra (1 minute read)

Ethereum's next hard fork, Pectra, consists of updates to the Prague execution layer and Electra consensus layer. It will be released in Q1 2025 and feature PeerDAS data availability sampling to improve rollup scaling and upgrades to the EVM Object Format (EOF) to support a better UX. It should help to alleviate pressure on the networking layer and support increased blob demand.

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aconteceu airdrop de Bitcoin no seu lançamento?

O Bitcoin, criado no final de 2008, não teve um airdrop específico no seu lançamento. No entanto, milhares de airdrops foram lançados após o surgimento do Bitcoin, distribuindo tokens gratuitamente para usuários interessados

Mas o que é um airdrop? Vamos lá:

Um airdrop é uma distribuição gratuita de tokens ou criptomoedas para usuários. Essa ação é uma estratégia de marketing adotada por novas empresas e projetos no setor de blockchain. O objetivo é atrair interessados na marca, gerar engajamento, criar liquidez para um ativo e aumentar seu valor no longo prazo. Funciona de forma semelhante a quando você passa na frente de uma loja de perfume e uma vendedora oferece uma borrifada grátis. A diferença é que, no caso dos airdrops, a pessoa que recebe o token pode obter lucro se o projeto crescer e o ativo valorizar. Um exemplo disso foi o airdrop da exchange descentralizada Uniswap (UNI), que distribuiu 400 tokens UNI para cada participante elegível em 2020. Em cerca de seis meses, o criptoativo valorizou 1.000%

Se você está interessado em participar de airdrops de outras criptomoedas, existem diversos sites que listam e alertam sobre airdrops ativos e futuros. Alguns deles incluem:

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#ellonmusk #tesla Musk overruled a significant number of Tesla engineers who warned him that switching to a visual-only system would be problematic and possibly unsafe due to its high risk of increasing the rate of accidents. His own team knew their systems weren’t up to the task, but Musk believed he knew better than the industry experts who helped propel Tesla to the forefront of autonomous technology and ploughed on with this egocentric, counterproductive plan. He even disabled sensors in older models so that pretty much the entire Tesla fleet went visual-only.

Unfortunately, this fiasco has a rather macabre backstory that elevates it from a bad business decision to outright disgraceful behaviour. The Department of Justice is currently investigating Tesla for a series of accidents — some fatal — that occurred while their autonomous software was in use. In the DoJ’s eyes, Tesla’s marketing and communication departments sold their software as a fully autonomous system, which is far from the truth. As a result, some consumers used it as such, resulting in tragedy. The dates of many of these accidents transpired after Tesla went visual-only, meaning these cars were using the allegedly less capable software. (Read more here

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The FET, OCEAN, and AGIX tokens are merging into a new token called $ASI, which stands for Artificial Superintelligence. This is part of the formation of the Superintelligence Alliance, a union of three decentralized AI companies: Fetch.ai, SingularityNET, and Ocean Protocol1.

Here’s what you need to know about the merge:

FET is the reserve currency of the alliance and will be renamed to $ASI.
The merge follows successful governance proposals from the respective communities1.
The total supply of $ASI tokens after the merge will be 2.63 billion1.
OCEAN and AGIX holders will receive 0.433226 $ASI per OCEAN and 0.433350 $ASI per $AGIX1.
The combined value of the Superintelligence Alliance is expected to be around $7.5 billion1.
If you’re a holder of any of these tokens, you don’t need to take any action right now. The swap for $ASI will occur at a fixed rate, and more details will be provided by the respective platforms

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🐶Today, a dog named Kabosu, who became the symbol of the Dogecoin cryptocurrency, died.

Elon Musk not passed by and published a tweet on a social network, which may affect the DOGE course.

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🪙$BB Coin

The native asset of BounceBit is called BB. The total supply of BB is capped at 2,100,000,000 (two billion and one hundred million coins). This number is consciously chosen as a nod to the total supply of Bitcoin at 21 million. A part of the total supply will become liquid at Mainnet launch, and the remaining coins are distributed as future stake rewards, or are vested over the next years.

The BB coin has several purposes on the BounceBit platform:

Stake BB to actively participate in the PoS Dual-token staking mechanism.

The coin is paid out as staking reward to validators who secure the network.

BB is the denomination of the gas fees that are required to conduct transactions and execute smart contracts.

BB can be used as liquid and versatile currency on the BounceBit platform. It can be used in various applications and infrastructure, as medium of exchange or store of value. Furthermore it has functionalities that enable composability, interoperability and cross-chain compatibility.

Use BB to participate in on-chain governance, e.g. voting on protocol upgrades.

There will only ever be 2.1 Billion BB coins. The amount of tokens is chosen to scale with all cryptoeconomic activities on the platform, as more and more users will join the network. Additionally, the BB coin acts complementary to Bitcoin, being deeply woven into the Bitcoin ecosystem.

In the future, various burning mechanisms are not precluded. Their implementation would be facilitated through platform governance.

Token Release Schedule & Allocation
Below you can find the token release schedule of the BB coin. Portions of BB will be released throughout the coming years to maintain a dynamic and active network.

Testnet & TVL Incentive

4%
Unlock on TGE

Investors

21%
12 month lock, then monthly 5% unlock

Team

10%

Advisors

5%

Binance Megadrop

8%

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Market Making

3%

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BounceClub & Ecosystem Reserve

14%

4.5%

4.5% unlock on TGE, then lock 12 month, then 6 month 6.5% monthly

Staking Reward & Delegation Program

35%

Unlock across 10 years

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$LDO Lido Co-Founders, Paradigm Secretly Back EigenLayer Competitor as DeFi Battle Lines Form (7 minute read)

Lido's co-founders and Paradigm are secretly backing a new "restaking" company, Symbiotic, poised to challenge EigenLayer and potentially reshape the decentralized finance (DeFi) landscape.

Potential Runes Catalysts (2 minute read)

The Runes protocol launch experienced a "sell-the-news" reaction, but the community remains robust and development continues, with potential catalysts such as listings on major exchanges like Kraken and Binance poised to rekindle interest.

Venezuela Bans crypto mining (2 minute read)

The Venezuelan government claims this measure will stabilize the national power supply, which has suffered frequent blackouts since 2019.
$GTC $OGN

$BNB $BTC #Ibovespa

-1,38%

SP500 TRN (R$)

-0,27%

BTC BRL

-0,68%

Ouro (GOLD11)

-1,13%

Dólar Comercial

5,151

Data de ref. 22/05/2024

DESANCORANDO AINDA MAIS AS EXPECTATIVAS LOCAIS
 

Bom dia, pessoal.

As atas da última reunião do Federal Reserve foram consideradas hawkish (contracionistas), embora grande parte dessa abordagem já fosse antecipada pelo mercado. A mensagem principal era clara: se a inflação voltasse a sair do controle, o Fed aumentaria as taxas. No entanto, a probabilidade desse cenário é baixa. Infelizmente, o mercado reagiu vendendo primeiro e analisando depois. Para mim, a ata pareceu desatualizada, pois a reunião ocorreu antes da divulgação de dados relevantes nos últimos dias. O mau humor do mercado ontem pode ser revertido hoje com a digestão dos bons resultados da Nvidia. Os futuros americanos estão em alta, assim como os mercados europeus, embora os mercados asiáticos não tenham acompanhado o otimismo.

O sentimento nos mercados asiáticos foi prejudicado pela possibilidade de uma nova guerra comercial entre os EUA e a China, após a retaliação chinesa às tarifas mais elevadas impostas pelos EUA em setores empresariais importantes. Além disso, os exercícios militares chineses perto de Taiwan assustaram os investidores, juntamente com a digestão das atas do Fed. Na agenda, temos a reunião dos ministros das finanças do G7 e alguns dados de atividade na Europa, que começa a considerar um ciclo de flexibilização da política monetária. Não me surpreenderia ver cortes de juros na Zona do Euro e no Reino Unido já em junho. No Brasil, a contínua desancoragem das expectativas econômicas está se tornando uma preocupação crescente.

$PAXG

Uniswap Responds to SEC's Wells Notice (1 minute read)

Uniswap Labs argues that the protocol fully complies with US law and that the decentralized exchange does not fall under the “securities exchange” or “broker” definition. It notes that over 90% of trading volume is on commodities pairs, stablecoins, or out of the country, expanding beyond the SEC's jurisdiction. Lawyers for the Ripple and Grayscale cases are providing outside counsel, and Uniswap is confident it will win if forced to litigate.
🚀
Innovation & Launches

Rocketpool Tokenomics Rework (1 minute read)

Rocketpool, the second-biggest Ethereum liquid staking protocol, is reinventing its tokenomics for better value capture and Ethereum alignment. It has introduced technical improvements to increase security and capital efficiency and will distribute surplus fees from ETH staking to RPL holders. The upgrades are planned to occur around the Pectra hard fork, currently slated for late 2024 or early 2025.

$UNI $RPL $XRP

Miscellaneous

Hacker steals 5 billion GALA tokens, worth $216 million (5 minute read)

A hacker exploited an admin account to mint 5 billion GALA tokens, quickly selling off a portion for $21.8 million in Ethereum, despite Gala Games' efforts to contain the breach using its blocklist feature. This incident adds to Gala Games' troubled history, which includes previous massive token thefts and legal issues, casting further doubt on the company's security measures and internal integrity.

Solana Dev Hospitalized With Third Degree Burns Trying to Pump Meme Coin (4 minute read)

A Solana developer suffered third-degree burns during a livestream stunt where he doused himself in isopropyl alcohol and was hit by fireworks to promote his meme coin, TruthOrDare (DARE). The incident, which highlights the extreme lengths to which some go for cryptocurrency clout, resulted in significant injuries and hospitalization, raising concerns about the dangerous trends in live streaming for financial gain.
$GALA $SOL $FLOKI

What is the Banana Zone? (4 minute read)

The Banana Zone refers to 4-year crypto and tech market cycles.
Grayscale launches two new trusts investing in NEAR and STX (2 minute read)

Crypto asset manager Grayscale has launched two new investment trusts for Near Protocol (NEAR) and Stacks (STX) available to individual and institutional accredited investors.
Decentralized Oracle Benchmarks (1 minute read)

Chainlink is 300-800ms behind in reporting CEX data, which is faster than competitors Pyth and RedStone.

$LINK $PYTH $STX

Innovation & Launches

Internet computer smart contracts work with any EVM (1 minute read)

The Dfinity Foundation has released a new API that enables Internet Computer smart contracts to be compatible with any EVM (improves cross-chain interaction and app potential). This move is part of Dfinity's broader Chain Fusion initiative, which looks to increase blockchain interoperability.
EVM Native Sequencing Rules (2 minute read)

Ethereum has been criticized for block builders' increasing dominance over their chain control, which is a consequence of how time-discrete systems create varied value in their storage slots. This author proposes a specification for native transaction bundling for onchain applications, which gives more control over sequencing.

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📈

Markets & Business

Biden Administration Statement on FIT21 (1 minute read)

Though Biden's administration opposes the passage of FIT21, it says it is willing to work with Congress to create a balanced regulatory framework for digital assets. Its goal is to reinforce United States leadership in the global financial system. This statement comes at a time when crypto is becoming an increasingly politicized issue with the 2024 election looming.

SEC approves 8 Ethereum ETFs including BlackRock and Fidelity (3 minute read)

The SEC has approved eight spot Ethereum ETFs from issuers, including BlackRock, Fidelity, and Grayscale, months after approving spot Bitcoin ETFs. While the approval of the 19b-4 forms marks a significant step, trading will only start after the S-1 statements have been registered, which may take weeks.

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