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🪂 Airdrop earned 1000$ TapSwap has surpassed an incredible 5 million players, which is nearly equivalent to the population of a country like Singapore! Can you imagine? 🎉 Join us in celebrating this milestone and continue tapping along with our expanding community. 👉 Airdrop link: https://rb.gy/0ms2um

🪂 Airdrop earned 1000$

TapSwap has surpassed an incredible 5 million players, which is nearly equivalent to the population of a country like Singapore! Can you imagine? 🎉 Join us in celebrating this milestone and continue tapping along with our expanding community.

👉 Airdrop link: https://rb.gy/0ms2um

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The siren song for hedge funds - memecoins on the attack 🧐 It seems the hedge fund world is plunging headfirst into the frenzy of memecoins with irresistible force. 💰 Stratos hedge fund launched a liquid Dogwifhat ($WIF) fund in December. At one point, the price of $WIF ⬆️ surged by more than 300 times, helping the fund to a 137% profit in the first quarter, which is more than double the overall gain in the cryptocurrency market. Stratos isn't the only hedge fund diving into memecoins. 🐘 Macro giant Brevan Howard made "tiny" investments in the sector, according to Bloomberg sources. Crypto fund 🐈‍⬛ Pantera Capital recently wrote that "memecoins are here to stay," and that "trading memecoins creates gigantic" opportunities. 🐶 Memecoins have recently been registering the highest trading volume on decentralized exchanges. According to CoinMarketCap, the overall market value of memecoins has increased to approximately $54.7 B. It seems that memcoins can absorb a lot of capital from various funds. 😉
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Optimism fixes significant testnet vulnerabilities following competitor's alert 🛡 Optimism, a Layer 2 blockchain network, has patched up two ⚠️ critical vulnerabilities in its testnet. These were initially flagged by Offchain Labs, their rival, who discovered potential security threats that could allow attackers to alter the 🔗 chain's history. The issues, reported on March 22, included flaws in the OP Stack fraud-proof mechanism. Optimism addressed the vulnerabilities by updating its testnet on April 25, preventing "subtle attacks" and manipulations. ✔️Despite the rivalry, Offchain Labs acknowledged the complexity of creating secure fraud-proof protocols. Layer 2 testnets serve the vital role of stress-testing the network to uncover such issues before full-scale deployment. Stay alert, stay safe!
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Pantera Capital secures Solana in FTX bankruptcy auction 🐈‍⬛ Pantera Capital has won an auction for Solana (SOL) tokens held by the bankrupt FTX, as reported by Bloomberg with information from insiders. 🔨 The auction also saw other unnamed participants acquiring assets, with organizers distributing 2,000 SOL worth approximately $0.29 million. 🤔 The tokens sold at a price higher than the roughly $60 achieved in the previous auction. To put it into perspective, the price of SOL at the time of this report is $142.7, with expectations of more auctions to come. 🗒 In April, the sale of two-thirds of FTX's SOL reserves at a 62% discount in a private sale sparked outrage among FTX creditors. The tokens were 💵 bought by Galaxy Trading, Pantera Capital, and other entities, with access to these tokens to be progressively unlocked over the next four years.
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Solana Experiences Surge in Institutional Interest CoinShares reports a notable ⬆️ rise in the number of hedge funds and wealth managers who now include Solana in their portfolios, a significant increase compared to earlier in the year. 💰Institutional investors are expanding their investments into altcoins, notably Solana, which has witnessed substantial growth in allocations from both wealth managers and hedge funds. 🤔 Nearly 15% of the investors surveyed indicated they have invested in SOL, marking a noteworthy increase from a January survey where none of the respondents reported investments in the altcoin. ✔️Additionally, Solana ranked third in terms of having the "most compelling growth outlook," with just under 15% of respondents affirming this view, up from just over 10% in the previous survey conducted in January.
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