After the recent rise of the Pepe (PEPE) meme coin, Bitcoin's BRC-20 token standard has become the latest fad in the crypto ecosystem. The BRC-20 standard has been used to create 8,500 tokens, most of which are meme coins such as PEPE and Memetic (MEME). With all this hype in the crypto industry, let’s explore more about what are these BRC20 tokens and how you can mint them. 

What are BRC20 tokens? 

The BRC-20 "token standard" is a test fungible token developed with Ordinals and Inscriptions and saved on the Bitcoin base chain. It deploys token contracts, mints tokens, and transfers tokens using Ordinal inscriptions of JSON data.

This is not a token standard in the sense that EVM chains create smart contracts that manage the token standard and its various rules, but rather a method of storing a script file in Bitcoin and using that file to attribute tokens to satoshis and then allowing them to move from one user to another. 

On March 8th, 2023, Twitter user @domodata developed the BRC-20 token. The name is a play on Ethereum's ERC-20 token standard, however, they do not interact with smart contracts like the EVM standard from which it derives its name.  

There are numerous methods for creating tokens on other chains, each of which has its own market and exchange with liquidity where they can be exchanged. The token market is a breeding ground for speculation and scams, and hearing this ERC-20 word may attract these consumers, who may then relocate to Bitcoin. 

While this may increase demand for Bitcoin to pay fees and take up block space, it may also entice naive investors to purchase meaningless metadata that only a few wallets manage to transform into something worth displaying in a human-readable manner. 

After understanding a brief of the BRC-20 tokens, let’s understand why they are hyped. 

Why are BRC-20 tokens so hyped? 

The original BRC-20 token contract for the "ordi" token has a hard cap of 1,000 tokens each mint and a total maximum supply of 21 million tokens. Since then, the market value of BRC-20 tokens has risen over the previous month, reaching an astounding $120 million, signifying a 600% increase in the last week alone. On May 1, BRC-20 tokens had a volume of 366,000 transactions, while the total number of transactions on the network was 2.36 million. As the demand for BRC-20 tokens continues to climb, so are transaction costs as a result of the increased token activity. With the increased hype of the BRC-20 tokens, the BTC chain is congested. 

Now that you know why BRC-20 tokens have been hyped, let’s explore how you can mint BRC20 tokens. 

How to mint BRC20 tokens? 

Bitcoin Tokens (BRC-20) are blockchain-based digital assets that are frequently used for decentralized finance, gaming, and digital collectibles. Unisat.io is a platform that enables users to easily generate, manage, and trade these tokens. We will lead you through the process of minting Bitcoin Tokens (BRC20) on Unisat.io in this comprehensive guide. 

Step 1: Create a Wallet 

You must first create a suitable wallet before you can begin minting tokens. Unisat is a well-known web-based wallet that accepts custom BRC20 tokens. 

Step 2: Integrate BRC20 Support into Your Wallet 

After you've created your wallet, you'll need to add BRC20 token support. Take the following steps: 

Choose the option to add custom tokens or assets to your wallet. 

Add the BRC20 token standard's contract address. You can find it on the Unisat.io website or in the token's documentation. 

Input the token's symbol and decimals that can be found in the documentation. 

Step 3: Get Some Bitcoin (BTC) 

You will need both Bitcoin (BTC) to mint BRC-20 tokens. Here's how to get them: 

Buy Bitcoin from any reputed exchange like Binance, Coinbbase, Kucoin, etc.

Buy Bitcoin from P2P

Borrow some BTC from your friend (Need really good friends for this)

Step 4: Add Bitcoin to Your Wallet 

Now that you have the necessary cryptocurrency, deposit them into your wallet by completing these steps: 

Find your Bitcoin Taproot (BTC) addresses in your wallet. Make sure it is a Taproot address.

Navigate to the withdrawal area on the exchange and enter your wallet addresses. 

Confirm the transaction and wait for the funds to appear in your wallet. 

Step 5: Register Your Wallet with Unisat.io 

Follow these steps to connect your wallet to Unisat.io: 

Visit the website Unisat.io. 

Select the "Connect Wallet" option. 

Select your wallet from the list of available alternatives and follow the on-screen instructions to connect. 

Step 6: Mint Tokens 

Now that your wallet is connected, you may begin minting BRC20 tokens. Take the following steps: 

Navigate to the "Mint Tokens" area of Unisat.io. 

Enter the desired token information, such as the name, symbol, and total supply. 

Choose the functionality of the token, such as whether it should be transferable or have a fixed supply. 

Click "Mint Tokens" to validate the transaction in your wallet. 

Step 7: Organise and Trade Your BRC-20 Tokens 

Manage and trade tokens on Unisat.io using the following steps: 

Go to Unisat.io's "My Tokens" area. 

View and control your tokens, such as changing the supply of the token or adding new functionality. 

To trade your tokens, go to the "Marketplace" section and make a new trading pair with the cryptocurrency of your choice. You need 20 UniSat points to trade on Marketplace. Please note that for each use of UniSat Inscribe to create an inscription (including TRANSFER minting in UniSat Wallet), the UniSat Points of your connected address will be incremented by one.

Set the price as well as other trading characteristics such as order type and quantity. 

Step 8: Market Your BRC-20 Tokens 

Consider advertising your BRC-20 tokens using the following avenues to boost their value and awareness: 

Social networking sites: To reach a larger audience, share your token's information and updates on platforms including Twitter, Facebook, and Reddit. 

To attract potential investors and users, participate in conversations on major cryptocurrency forums such as Bitcointalk and CryptoCompare. 

Press Statements: To announce noteworthy milestones or partnerships, publish press releases on recognized Bitcoin news sources. 

Step 9: Incorporate Your BRC-20 Tokens into Decentralised Applications (dApps). 

Consider incorporating your BRC-20 tokens into blockchain-based decentralized applications (dApps) to boost their usage and value: 

Finance Decentralised (DeFi): Allow your tokens to be used as collateral, staked for rewards, lent, and borrowed on DeFi platforms such as Uniswap, Aave, and Compound. 

Non-fungible Tokens (NFTs): Use your BRC-20 tokens as the underlying value to create digital collectibles, virtual goods, or in-game assets. 

DAOs: Use your tokens to enable governance and voting within decentralized organizations or communities. 

Step 10: Tracking the Performance of Your BRC-20 Tokens 

Consider using the following tools and resources to monitor the success of your BRC-20 tokens and make educated decisions: 

https://brc-20.io: Monitor the market value, trading volume, and market cap of your tokens on prominent cryptocurrency data aggregators on BRC-20. 

Ordspace.org: Examine your token's on-chain activity, such as transactions, holders, and token transfers. 

Dune Analytics: Create custom dashboards to visualize and analyze your token's statistics and trends. 

Bottom Line

Minting BRC-20 tokens on Unisat.io is a simple operation that can provide your digital assets with multiple potentials. You can easily create, manage, and trade BRC-20 tokens by following this step-by-step guide. To maximize their potential and worth, remember to market your tokens, incorporate them into dApps, and track their success. 

Recent financial policies by federal bodies have injected a high level of bullish sentiment into both crypto and non-crypto markets.

On September 19, 2024, the U.S. Federal Reserve (Fed) announced its decision to cut interest rates. Fed officials revealed a reduction of the federal funds rate by 0.50 percentage points (bps), the first such cut in four years.

Today's Market Prognosis: Fed cuts by 50 bps #Macro news: ▶️#Fed cut its FFR by 50 bps (it last cut rates by 50 bps in Sept 2007, 15 months later the S&P 500 halved in value)▶️10 yr bond #yields and risk assets are both rising▶️#BoE MPC meeting today – expectation for a pause… pic.twitter.com/OjtVdCrIYZ

— Progressive Equity (@prog_res) September 19, 2024

This decision acted as a catalyst to pump the trade price of both Bitcoin (BTC) and the broader cryptocurrency market. Crypto enthusiasts believe the current rally in cryptocurrency prices could see a 150% surge.

BULLISH #FOMC pic.twitter.com/Q7CMEQ5rLu

— borovik (@3orovik) September 18, 2024

An Indian crypto influencer shared insights on the future impact of this decision, noting that Gold has already hit an all-time high, and it’s now Bitcoin’s turn.

50 BPS rate cut explained in simple terms:In the long term:A rate cut means more money flows into the market, so a 50 BPS means a massive amount of dollars flowing into stocks and crypto.But…In the short term:50 BPS signals that everything is not going well in the…

— Kashif Raza (@simplykashif) September 18, 2024

Net Outflow From BTC ETF Market 

On September 18, Bitcoin spot ETFs experienced a net outflow of $52.827 million, the first outflow after four consecutive days of inflows. Grayscale’s GBTC also saw an outflow of $8.13 million.

Bitcoin spot ETF had a total net outflow of $52.827 million on September 18, the first net outflow after the net inflow in the past 4 days. Grayscale ETF GBTC had an outflow of $8.1347 million. https://t.co/59u0BnEqLG

— Wu Blockchain (@WuBlockchain) September 19, 2024

This net outflow may cause some concern among BTC spot ETF buyers, as the trade price saw a sudden pump. Current market sentiment is likely to fuel another wave of FOMO among ETF holders, and today may see a net capital inflow.

Bitcoin Price Action

The current trade price of Bitcoin is $62,300, which is 4% higher than in the last 24 hours.

In the same time period, the trade price of Ethereum surged by 5.2%, from $2,288 to $2,441. 

Read also: Hackers Compromise Multiple X (Formerly Twitter) Accounts to Promote Ponzi Solana Crypto Token

ZachXBT warned people to stay away from the $HACKED token, as bad actors are behind this crypto project.

ZachXBT, a popular crypto detective known for raising awareness about crypto scams, unethical practices, and hacking alerts, regularly shares information about hacking incidents within the crypto market. 

On 19 Sep 2024, ZachXBT reported that an unknown hacker hacked multiple influential crypto X accounts, using more than two dozen accounts to promote a Solana blockchain-based token called $HACKED. ZachXBT urged people to avoid this token at all costs.

Community Alert: A number of large accounts on X currently have their account compromised and are posting a meme coin scam. pic.twitter.com/8Bvaq59re5

— ZachXBT (@zachxbt) September 18, 2024

This crypto detective revealed that the hacker earned nearly $9,000 through this hacking incident. According to ZachXBT, the hacker had invested a five-figure amount into this scam but ultimately failed to turn a profit.

The hack likely occurred because all the compromised X accounts were connected to the same site or app and had granted permission for it to post on their behalf.

These days, a huge number of crypto projects are coming to the limelight through Telegram mini-game-based concepts. Therefore, people also need to be cautious of any crypto token announcements by any crypto exchange, as they may be fake.

ZachXBT vs Circle (USDC)

Just four days ago, ZachXBT criticised Circle, the issuer of the second-largest stablecoin USDC, He claimed that Circle had failed to blacklist an address linked to a North Korean hacker.

https://t.co/Js8gjodBQI#Crypto Sleuth #ZachXBT Slams #Circle (USDC) for Failing to Stop Bad Actors, Sparking Controversy

— Bitcoinik (@Bitcoinikdotcom) September 15, 2024

ZachXBT plays a crucial role in spreading awareness among crypto investors by highlighting malicious activities on X. In the past, he has helped many recover their funds from hacks and uncovered scam meme tokens linked to past scammers.

Individuals like ZachXBT deserve greater appreciation and financial support from Bitcoin and crypto advocacy groups to enable more people to fight against illicit activities in the crypto space.

Read also: Binance Discloses Its Telegram Mini Game Was Leaked Before Scheduled Release Date

The Binance team discussed its new Telegram mini-game and hinted that more features are on the way for game lovers.

Binance, a top-tier crypto exchange known for its secure and efficient trading services, recently launched a Telegram mini-game called Binance Moonbix. The game allows Telegram users to play and collect free in-game tokens. However, the Binance team did not officially announce the game’s release. 

Today, Binance confirmed that the game was leaked before its scheduled release. Despite this, the team expressed satisfaction with the positive response from users. 

Although the Binance team provided limited details about the game, they hinted at new updates and features coming soon to the mini-game app.

We’re aware that our upcoming TG mini app game, Moonbix, was leaked ahead of the planned launch date. While we're thrilled by the community's response, we’re still fine-tuning the product to ensure the best user experience on the official launch.We apologize for any…

— Binance Customer Support (@BinanceHelpDesk) September 17, 2024

Currently, 3.8 million Telegram users are using the mini-game app, and the Binance team expects the number to grow significantly once the official release occurs.

It will be interesting to see if Binance introduces a new token for the game or if it incorporates Binance Coin (BNB), the exchange’s native token.

Telegram Mini Games and Crypto Projects

In recent months, several crypto projects have launched through Telegram mini-games, many of which have gained massive popularity. This could be a key reason why Binance decided to launch its own Telegram-based mini-game. Some speculate that non-Binance users may redeem their in-game tokens on Binance, which could drive new customer sign-ups for the exchange.

Binance Coin price action 

The current trade price of Binance coin (BNB) is $540 & this price is 71% high year to date (YTD). 

Despite the market downturn sentiments, BNB coin was stable enough & maintained its position in the top 5 cryptocurrencies. 

Read also: Bull Sentiments Surge Rapidly for $TON Coin as Bitget and Foresight Ventures Announce $30M Investment in TON

In a significant move to support the growth of the TON (The Open Network) ecosystem, popular crypto exchange Bitget and prominent venture capital firm Foresight Ventures have announced a strategic investment of $30 million in the TON token. The investment, which will be realised through the purchase of discounted TON tokens, marks a major commitment by both entities to the long-term development of the TON blockchain and related crypto projects.

⚡️ @Bitgetglobal and @ForesightVen have invested $30M in @TON_BlockchainCrypto exchange Bitget and Foresight Ventures announced a $30M investment into The Open Network blockchain. The funding will be allocated through the acquisition of $TON tokens and will be focused on… pic.twitter.com/bVp2HA1qTz

— 🇺🇦 CryptoDep #StandWithUkraine 🇺🇦 (@Crypto_Dep) September 18, 2024

One of the key objectives of the investment is to promote and accelerate the entry of high-potential decentralised applications (dApps) into the TON ecosystem.

Both Bitget and Foresight Ventures have expressed full confidence in the TON blockchain network’s ability to attract developers and projects that could drive innovation in the blockchain space. With this infusion of capital, the partners expect a rapid influx of new dApps and services, further cementing TON’s position as a competitive blockchain platform.

New Crypto Projects in the Telegram Ecosystem

Over the last couple of months, many crypto projects have launched within the Telegram ecosystem. The majority of these new crypto projects are using Telegram as a digital space to directly register users’ identities and enable gaming activities for their crypto projects. For their tokens, they are using the TON network. 

The combination of Telegram and the TON blockchain network, via Telegram bots, has made it easier for crypto projects to attract users’ attention.

Ton Coin Price Action

Currently, the Ton coin is trading at $5.53, which is a 0.6% increase over the last 24 hours. However, the price action graph of this token shows that this news has not significantly impacted the token’s trading price.

$Ton coin pic.twitter.com/Gjb7cvNtUM

— Bitcoinik (@Bitcoinikdotcom) September 18, 2024

Read also: Elon Musk Warns of Major Market Crash If Kamala Harris Wins 2024 U.S. Presidential Election

Elon Musk hinted that big billionaires are ready to pull out their funds from all money markets if U.S. Vice President Kamala Harris wins the upcoming election.

Currently, Kamala Harris and Donald Trump are the top contenders in the race to win the U.S. presidential election. While Trump has significant support, Harris is also giving tough competition in terms of public backing.

https://t.co/O1ljV6Wq1K#ProCrypto Wave Boosts #Trump, But Data Shows #Kamala Harris Leading in Election Race

— Bitcoinik (@Bitcoinikdotcom) September 16, 2024

Reportedly, billionaire John Paulson, whose hedge fund manages an estimated $9 billion across various sectors, said he would withdraw his investments from the market and move into cash and gold if Harris wins the election. He expressed concern over the current government’s 25% tax on unrealized gains for wealthy individuals. Paulson believes these financial policies could trigger mass selling, leading to a market crash and a rapid recession if implemented.

🚨🇺🇸 HEDGE FUND BILLIONAIRE JOHN PAULSON PLANS TO PULL MONEY IF KAMALA WINS ELECTIONBillionaire hedge fund manager John Paulson announced that he would withdraw his investments from the market and move into cash and gold if Kamala wins the presidential election. Paulson,… pic.twitter.com/DRagf1YAUK

— Mario Nawfal (@MarioNawfal) September 18, 2024

Elon Musk responded to this report, noting that legendary investor Warren Buffett is also preparing for this outcome.

Buffett is already preparing for this outcome https://t.co/fYT6s9uiHo

— Elon Musk (@elonmusk) September 18, 2024

Election Outcome vs Impact on Crypto

Many crypto enthusiasts had previously predicted a Bitcoin pump due to the election, as both leading candidates, Trump and Harris, support cryptocurrencies and have promised to provide better regulatory conditions for the sector. However, the latest responses from big billionaires could trigger panic among cryptocurrency investors, as major players are heavily invested in the space through venture capital funds.

Trump & Crypto 

In order to show significant support for cryptocurrencies and attract votes from U.S.-based crypto traders, Trump recently disclosed his decentralised finance (DeFi) project. He shared some details about a native token but confirmed that he will not offer people the opportunity to buy it through pre-sale methods.

https://t.co/4IJTjhh2EjDonald #Trump Unveils #DeFi Project ‘World Liberty Financial’ and Upcoming $WLFI Token at Major Event

— Bitcoinik (@Bitcoinikdotcom) September 17, 2024

Read also: Worldcoin’s World IDs Debuts on Solana Blockchain Network

Singapore, Singapore, September 18th, 2024, Chainwire

Parachains and developers can register now to test NFT XCM functionality and get an exclusive first look at this innovation in action.

Unique Network has announced it will be launching the first developer environment for NFT XCM transfers (Cross-Chain NFTs), starting with two major networks for developers and parachains in the Polkadot ecosystem. Using NFT XCM’s technology at the start of the developer environment, blockchain developers can move NFTs between Asset Hub, and Unique Network. Interested parachains can be added to the developer environment to develop NFT XCM functionality.

What is NFT XCM?

NFT XCM is a groundbreaking initiative developed by Unique Network, designed to simplify the transfer of NFTs (Non-Fungible Tokens) across parachains. By enabling seamless movement between different chains, NFT XCM is not just expanding accessibility but also unlocking new possibilities for creators, developers, and users alike.

NFT XCM extends the limits of Web3 games and NFT collections, supporting greater use cases and making non-fungible tokens available to a larger group of on-chain users. Unique Network invites parachains, and developers to register their interest in the upcoming testing phase of NFT XCM transfers, to demonstrate its efficacy and explore applications for the technology.

NFT XCM utilizes Polkadot’s Cross-Chain Messaging, the messaging format and language used to communicate between consensus systems. 

Developers and parachains interested in testing NFT XCM transfers are encouraged to register their interest via this form. Polkadot parachains will be added to the developer environment to develop and test NFT XCM functionality. EVM teams interested in pioneering EVM implementations of the technology in a development/test environment are also invited to register their interest.

Following the development work of NFT XCM, the Unique Network team unveiled the Cross-Chain NFTs Think Tank earlier this year at Polkadot’s Sub0 conference. This initiative is designed to foster collaboration, drive innovation, and explore new use cases for Cross-Chain NFTs within the Polkadot ecosystem. Leading projects, such as Acala Network and Zeitgeist, are already exploring ways to integrate Cross-Chain NFTs into their own projects.

Alexander Mitrovich, CEO of Unique Network shared:

This milestone represents not just technical progress but the unification of an ecosystem. NFTs are no longer confined to one parachain; we’re building a future where they can flow freely across multiple chains.”

The importance of cross-chain interoperability for assets such as NFTs was first highlighted in the Polkadot Whitepaper by Polkadot creator, Gavin Wood. The launch of XCM v3 in May of 2022 introduced this capability but was only viable for Fungible Tokens (FTs). NFT XCM is a breakthrough that will enable users to seamlessly transfer digital assets between Polkadot parachains, making NFTs more accessible and versatile than ever.

Following this, Chief Marketing Officer at Unique Network, Charu Sethi discussed the company’s efforts to foster collaboration and streamline the NFT ecosystem across Polkadot’s various blockchain networks.

As we advance NFT XCM technical capabilities, it’s critical to address the complexity and fragmentation within the ecosystem. We are now working on organizational bridges and aligning leadership across all NFT blockchains in Polkadot.

About Unique Network

Unique Network is the first NFT chain built on Polkadot and Kusama, offering the most sustainable and green NFTs with advanced features for gaming, art, and fan engagement. 

Unique Network offers unparalleled customization, scalability, and interoperability, making it the ideal platform for advanced and innovative NFT applications.

Users can learn more here: https://unique.network

Contact

Chief Marketing OfficerCharu SethiUnique Networkcs@unique.network

Singapore, Singapore, September 18th, 2024, Chainwire

New global crypto exchange offers competitive leverage and yield-earning cash sweeps, offering users up to 8% on cash and stablecoin balances.

Figure Markets, a leading decentralized custody marketplace for digital assets, today unveiled its global crypto exchange based out of the Cayman Islands, offering a wide array of new features and yield-earning opportunities. One of the standout offerings is a new yield sweep for eligible global users on cash and stablecoin balances with rates up to 8% annualized. U.S. users may also benefit from earning up to 3% annualized on USD balances held at an FDIC-insured bank.

Following its U.S. launch in August, the launch of the Cayman-licensed global crypto exchange is part of Figure Markets’ ongoing mission to democratize finance by providing robust trading options and advanced financial products to users worldwide. The global platform is designed to enhance the trading experience by offering a high cash leverage and a decentralized custody solution and cross-collateralization that keeps users in control of their assets, reducing the risks associated with traditional centralized exchanges.

“We’re committed to righting the wrongs of the past and providing users with the tools they need to trade, borrow, and invest on the platform while minimizing exchange risk,” said Mike Cagney, CEO and Co-Founder of Figure Markets. “This global expansion is a major milestone for us in addressing the issues caused by centralized exchanges and leveling the playing field for all traders. We are building a financial ecosystem where everyone has the opportunity to be an owner.”

Cash yields on non-USD and stablecoin balances are derived from an innovative fund backed by real-world assets on blockchain. The fund operates with daily liquidity and automatic sweeps to ensure user funds are always working to generate returns.

“We are excited to introduce this innovative feature that directly addresses the needs of our members,” said June Ou, President of Figure Markets. “By offering the ability to earn high returns on idle cash while mitigating trading friction, we are empowering our traders to optimize their capital and enhance their overall trading experience.”

Along with the new yield offering, the exchange is also offering qualified members up to 5:1 margin. Exchange members can cross-collateralize their positions seamlessly – using BTC balances to buy ETH, for example. This will be complemented by upcoming higher and expanded leverage offerings, including a broad set of perpetuals covering crypto, commodities, FX and equities by year-end.

About Figure Markets

Figure Markets is democratizing finance through blockchain. Figure Markets is building the exchange for everything – a decentralized custody marketplace for crypto, stocks, bonds, credit and more. The company is bringing best-in-class leverage, margining, and liquidity to our exchange, while offering our members extensive borrowing options and unique investment opportunities. Figure Markets puts its members in control of their assets and data, disintermediating legacy brokers, exchanges and lenders.

Figure Markets is backed by leading venture capital firms and strategic partners, including Jump Crypto, Pantera, Distributed Global, Faction Lightspeed, NewForm Capital and CMT Digital. Figure Markets was founded by a seasoned team of entrepreneurs and operators from TradFi, fintech, and DeFi, including Mike Cagney and June Ou.

Learn more at www.figuremarkets.com.

Contact information

Paula Machado Jackler

Director, Marketing

Figure Markets

press@figuremarkets.com 

Contact

Paula Jacklerpjackler@figuremarkets.com

Worldcoin’s World IDs service is now available on the Solana blockchain network, thanks to Wormhole.

Worldcoin is an Artificial Intelligence (AI)-focused crypto project launched by OpenAI CEO Sam Altman. The main vision of this project is to distinguish humans & AI bots through the Worldcoin IDs tool. According to the leaders of this crypto project, Worldcoin will play a vital role in the future as AI technology adoption rapidly increases among both good and bad actors. In such situations, the Worldcoin project aims to help combat challenges raised by AI technology.

Recent reports confirmed that Worldcoin’s World IDs debuted on the Solana blockchain network. This means that World IDs authentication can now occur on the Solana blockchain. This significant integration is facilitated by the well-funded interoperability protocol, Wormhole, which handles the deployment by bridging World ID’s state roots (snapshots of essential data like account balances at a specific time) from Ethereum to Solana.

🚀 @Wormhole Brings World ID to @Solana! 🔥Exciting news for the Solana and the Web3 community: Wormhole has just integrated World ID (@Worldcoin) onto the Solana blockchain. Let’s break down what this means for Solana and the future of decentralized identity! Let's debunk👇… pic.twitter.com/UwRSggF5Uf

— WAGMI | Crypto, DeFi & Web3 News (@wagmiglobal_) September 17, 2024

Wormhole co-founder and Chief Communications Officer Robinson Burkey expressed his excitement about this development and stated that the integration of World IDs with the Solana blockchain network could lead to more use cases for Solana’s micropayment solutions.

Similar efforts are underway to implement Worldcoin’s World IDs support on the Cardano blockchain network. In the Cardano ecosystem, a community poll is ongoing to decide between funding a new Rust node or implementing the Leios protocol, a proposal that promises faster transactions while maintaining decentralisation.

World coin price action 

Following this news the trade price of $WLD token surged by 6%. The current trade price is $1.42 & this price is 4.52% higher over the last 24 hours. 

Solana price action

Following this news, the trade price of Solana’s native coin, Sol, surged from $130 to $135, but failed to maintain the high price level.

Read also: Binance Breaks Silence on WazirX Hack, Accuses WazirX Team of Lack of Cooperation Post Hack Incident

Finally, the Binance team spoke about the WazirX hack incident and denied any responsibility related to WazirX or its customers.

Binance is a top-ranked crypto exchange. In late 2019, this exchange announced the acquisition of popular Indian crypto exchange WazirX, but later in late 2022, Binance confirmed that the WazirX team never completed the deal. As a result, Binance leadership decided to terminate all partnerships and relationships with WazirX’s crypto business.

As we know, WazirX is currently struggling, having been hacked two months ago, resulting in a loss of nearly half of its customers’ funds—approximately $235 million worth of cryptocurrencies. On multiple occasions, WazirX leadership indirectly pointed fingers at Binance as the owner, suggesting that Binance should compensate WazirX customers for their losses.

https://t.co/1di10xOCcq#WazirX CEO Nischal Shetty Accuses #Binance of Negligence Over #Hack Incident, Warns of Upcoming Exposure

— Bitcoinik (@Bitcoinikdotcom) August 27, 2024

In the latest developments, Binance responded to this matter and alleged that WazirX leadership is misleading their customers. They clarified that the Binance vs. WazirX dispute has nothing to do with the WazirX hack incident. Binance also emphasized that they do not hold any funds belonging to WazirX or its customers, and all accusations are false and misleading.

Important for WazirX users ‼️ @binance clarifies it’s stand with WazirX & Nischal.➡️Detailed blog posted by Binance team:‼️ Binance never owned, operated or managed WazirX.‼️ Binance does NOT have any funds of WazirX or users. https://t.co/MLJxH7dXLT

— CA Sonu Jain (Crypto Tax Expert) (@TheWeb3CA) September 17, 2024

Furthermore, the Binance team clarified that they tried to contact WazirX regarding the recent hack to offer assistance in tracing the hacker, but the WazirX team never responded.

Notably, Binance hinted at legal boundaries preventing them from discussing certain matters, but their latest response was aimed at providing clarification for customers on the Binance-WazirX dispute and its connection to the hack.

Reportedly, Binance will soon publish a video on this matter to provide more details, so customers can better understand the situation and stop expecting compensation from Binance in relation to the WazirX hack.

Read also: Donald Trump Unveils DeFi Project ‘World Liberty Financial’ and Upcoming $WLFI Token at Major Event

Singapore, Singapore, September 17th, 2024, Chainwire

Announcement marks the first blockchain based on the Move programming language to support these protocols

Sui, the Layer 1 blockchain offering industry-leading performance and infinite horizontal scaling, has announced the upcoming native launches of USDC and Cross-Chain Transfer Protocol (CCTP) on the Sui Network. Issued through Circle’s regulated entities, USDC is the largest regulated dollar-backed stablecoin in the industry with over a $35 billion market cap, as of September 17, 2024. 

CCTP is a permissionless on-chain utility that attests to USDC transfers securely between blockchains and aims to provide a more secure and capital-efficient way to transact with USDC across supported blockchains.

Integrating native USDC and CCTP enhances Sui’s utility, security and interoperability for users and developers, with the intent of bringing more liquidity to the network, streamlining transactions, and improving market efficiency across the ecosystem. Builders on Sui will soon be able to use native USDC in a multitude of digital dollar-backed financial products across a variety of use cases including DeFi, gaming, DePIN and ecommerce. Users can seamlessly send, spend and save with digital dollars. 

Additionally, Sui’s thriving DeFi environment, according to DeFi Llama on September 17th, boasts almost $700 million in Total Value Locked (TVL), over $250 million in bridged USDC, and a top 10 ranking in weekly DEX trading volume, provides a key foundation for USDC to continue to scale.

“Circle is excited to support Sui’s community of developers and end users with the upcoming availability of native USDC and CCTP,” said Nikhil Chandhok, Chief Product Officer at Circle. “Circle’s open platform and permissionless protocols will help more builders deliver blockchain based utility and contribute to efficient payment experiences on Sui and across other ecosystems.”

Sui will collaborate with ecosystem apps to transition liquidity from bridged USDC to native USDC gradually, while Wormhole’s Portal bridge will continue operating as usual. Before native USDC launches, the Ethereum-bridged USDC will be renamed “wUSDC” on block explorers, and ecosystem apps will be encouraged to update their UI and documentation accordingly.

“The availability of USDC as a native asset on Sui marks yet another major milestone in the maturation of the Sui ecosystem,” said Adeniyi Abiodun, Co-Founder and Chief Product Officer of Mysten Labs, which developed the Sui Network. “In combination with USDC’s first-class technology, native USDC gives the Sui community seamless access to one of the world’s most trusted digital currencies and cements Sui as an industry leader.” 

Just a little over a year since its mainnet launch, the integration of one of the industry’s bedrock assets further underscores the Sui ecosystem’s rapid evolution into an industry leader. The presence of multiple native stablecoins on Sui fuels a diverse, secure, and scalable platform for building the future of intelligent assets.

Contact

Sui Foundationmedia@sui.io

First time, the Bitcoin industry became aware of the Bitcoin mining activities by Bhutan. The country is currently holding more than 13,000 Bitcoin.

Bhutan is a landlocked country in South Asia, located in the Eastern Himalayas between China and India. The population of this country is nearly 900,000. Bhutan and India share a “special relationship,” with India being influential in Bhutan’s foreign policy, defense, and commerce.

On 16 Sep 2024, popular blockchain analytics platform Arkham Intelligence shared details of the Bitcoin and other crypto holdings of the Bhutanese government, reporting that the country is currently holding more than $780 million worth of cryptocurrencies.

The Bhutanese government earned these Bitcoins from Bitcoin mining operations carried out by the Kingdom of Bhutan’s investment arm, Druk Holdings.

BREAKING: BHUTAN GOVERNMENT’S $750M BTC NOW ON ARKHAMBhutan’s Bitcoin holdings are now labeled on Arkham. These holdings come from Bitcoin mining operations carried out by the Kingdom of Bhutan’s investment arm, Druk Holdings.Arkham is the first to publicly identify these… pic.twitter.com/a8ScUNJJ9F

— Arkham (@ArkhamIntel) September 16, 2024

With this amount of Bitcoin, Bhutan became the fourth-largest Bitcoin-holding country. Other countries holding Bitcoin generally acquired it from seizures involving bad actors or Ponzi crypto projects, but Bhutan mined these Bitcoins directly.

According to information shared by Arkham, the Bhutanese government has established its Bitcoin mining facilities in multiple locations, with the largest being on the site of the now-defunct Education City project.

Bitcoin mining giant Bitdeer (BTDR) first disclosed in 2023 that it would work with the Bhutanese government to establish the country’s official Bitcoin mining operations. In 2024, Bitdeer confirmed that it was working on expanding Bhutan’s mining capacity to 600MW by 2025.

It is worth noting that Bhutan is highly dependent on hydropower, tourism, and agriculture for revenue. The gross domestic product (GDP) of this country was just under $3 billion in 2022, nearly half that of the Maldives. In short, the $780 million worth of Bitcoin held by Bhutan is a significant figure for the country.

Read also: $XRP Soars 10% in a Week, Poised for a New 14% Surge in the Coming Days

Donald Trump took another step into the crypto sector with his DeFi crypto project, as the U.S. presidential election nears.

Donald Trump is the 45th former U.S. president. During his administration, Trump was a Bitcoin critic, but in the last couple of years, he has started to show support for Bitcoin as a decentralized form of money. This year, he openly urged people to vote for him in the upcoming presidential election if they want crypto adoption under a friendly regulatory environment in U.S. jurisdiction.

On 17 Sep 2024, Trump disclosed key details about his DeFi project, World Liberty Financial, and its upcoming $WLFI token.

https://t.co/ws1YSdE7WD

— Farokh (@farokh) September 16, 2024

As per top media reports, the token has not been launched, but its basic structure and distribution framework were outlined to the public.

The $WLFI token will be a non-transferable governance token, not freely traded, but it will allow holders to support decisions on the platform.

According to Zak Folkman, co-founder of Dough Finance, 63% of the total supply will be available for public purchase, while 17% will go towards user rewards, and the remaining 20% will be reserved for the founding team, including Trump and his family.

It’s important to note that a pre-sale of this token will not be available, as it would violate the U.S. Securities and Exchange Commission’s (SEC) ban on crypto ICOs. However, accredited investors will be able to get these tokens directly. All retail buyers will be required to purchase these tokens from the marketplace.

Donald Trump Jr. shared his bullish view on the project’s mission to disrupt traditional finance by introducing DeFi (decentralized finance) solutions to the public. “This is the start of a financial revolution,” Trump Jr. stated.

Read also: Himalayan country Bhutan holds $780 million worth of Bitcoin (BTC)

New York, NY, September 17th, 2024, Chainwire

tBTC on EigenLayer offers users new restaking opportunities to earn rewards as Bitcoin demand outpaces other crypto markets 

EigenLayer’s adoption of tBTC spotlights tBTC’s role as one of the most decentralized assets for securely growing the BitcoinFi ecosystem 

Threshold Network, the DAO behind tBTC, the first decentralized asset bridging Bitcoin and Ethereum, announced that EigenLayer, the restaking protocol built by Eigen Labs, has officially started accepting tBTC deposits, making tBTC the first incentivized bitcoin asset on EigenLayer.

Threshold’s integration with EigenLayer underscores the BitcoinFi community’s outpaced demand for staked Bitcoin—a major shift towards maximizing the full earning power of Bitcoin for users,” commented MacLane Wilkison, Contributor to Threshold. “It is a testament to tBTC’s strength in securing the BitcoinFi ecosystem through the diversification of assets available. To date, leading protocols including Curve, GMX, and Compound, among others, have integrated the asset for its flexibility as one of most decentralized wrapped assets on the market.” 

The Threshold Network DAO, which governs tBTC, offers incentives of up to $45K in T over the first 3 months for new users who deposit tBTC into EigenLayer. With Eigenlayer, users have a new way to maximize capital efficiency: opting in to secure additional protocols through restaking. This method strengthens economic security by leveraging Bitcoin’s stability—an asset that accounts for over 50% of the total crypto market cap—and merging its long-term non-inflationary nature with the Proof of Stake (PoS) consensus model. Notably, restaking just 7% of Bitcoin’s total supply would provide the same level of economic security as Ethereum, underscoring Bitcoin’s potential as a PoS asset.

“The inclusion of Threshold’s tBTC as a restakeable asset on EigenLayer is another major step forward towards open innovation by building connectivity with the bitcoin ecosystem, broadening the scope of assets that can contribute to securing decentralized networks, and providing greater optionality and utility for AVSs and restakers,” stated Sreeram Kannan, Founder and CEO of Eigen Labs.

Following the emergence of Bitcoin staking projects like Babylon, Lombard, and Acre, EigenLayer’s adoption of tBTC is a testament to the power of Bitcoin restaking in incentivizing users to put Bitcoin to use beyond a store of value. tBTC’s ability to bridge the Bitcoin and Ethereum ecosystem makes it the optimal solution for driving the development of the BitcoinFi ecosystem. 

About Threshold Network:  

Threshold Network offers decentralized cryptography services that enhance privacy and security on public blockchains by distributing operations across independent nodes. Powered by the T token, users can stake and operate nodes to support key services like tBTC, a Bitcoin bridge, and TACo, an access control tool. By minimizing reliance on centralized entities, Threshold ensures trustless, secure, and privacy-focused solutions for decentralized applications in the evolving Web 3.0 landscape. To learn more, please visit: https://threshold.network/  

About EigenLayer: 

EigenLayer is a protocol built on Ethereum that pioneered restaking, a new primitive in cryptoeconomic security. Through a system of interconnected smart contracts, any ERC-20 token, such as tBTC, can be “restaked” to participate in not one, but any number of Actively Validated Services (AVSs) in exchange for fees and/or rewards. Operators opt into these opportunities by running additional node software and in some cases grant the EigenLayer smart contracts the ability to impose additional slashing conditions on their assets as specified by the AVS. 

Contact

M Group on Behalf of Thresholdtkaufmann@mgroupsc.com

The current trade price level of the $XRP coin is already in bull run momentum, and experts say more pumps are coming in the short term.

$XRP is a popular Proof-of-Stake (PoS) cryptocurrency, mainly known for its highly scalable network. Ripple Labs is the backend developer firm behind this cryptocurrency. The San Francisco-headquartered blockchain firm Ripple uses this cryptocurrency for cross-border payment services.

The current trade price of the XRP coin is $0.58, and this price is 9% higher over the last 7-day period. Over the last 24 hours, this price level has increased by 2.7%.

$Xrp current price $0.586 pic.twitter.com/TLcrnQHPK0

— Bitcoinik (@Bitcoinikdotcom) September 17, 2024

The latest analysis by some experts noted that more pumps in the short term are also coming for this cryptocurrency.  

Cryptoinsightuk shared his analysis and predicted a 14% surge to $0.66 in the short term, claiming liquidity has been “building up.”

I would guess $XRP heads to $0.66 soon.It seems liquidity is building up there.Shorts jumped in the market yesterday with force, will price move up and wreck them? pic.twitter.com/3JZe2apaS3

— Cryptoinsightuk (@Cryptoinsightuk) September 17, 2024

Mikybull Crypto also shared his prediction and said that XRP’s price pattern has formed a specific triangular shape, which might be followed by an exponential rise soon.

$XRP It's one of the most bullish macro charts out there. pic.twitter.com/GESfgDsF6v

— Mikybull 🐂Crypto (@MikybullCrypto) September 17, 2024

A similar kind of analysis and prediction was shared by another crypto analyst, Credible Crypto. He outlined that a near “7-year compression will be coming to an end soon.” He said that “the mother of all bull flags” is forming, forecasting a “legendary” rally.

And on the higher timeframes?This near 7-year compression will be coming to an end soon. The mother of all bull flags. Literally nothing else like it in this space, partly because most of the coins here haven't even existed for 7 years lol.When the old guard wakes up it's… https://t.co/MbXDxpJ0tE pic.twitter.com/0OrfqFoOt3

— CrediBULL Crypto (@CredibleCrypto) September 17, 2024

Grayscale, Robinhood, & XRP

Just a few days ago, top digital asset fund manager Grayscale Investment announced a new trust to allow institutional investors to invest in XRP cryptocurrency.  

This new crypto trust is helping inject a very high amount of capital into the XRP coin market.

https://t.co/ECnfwf0EaD$XRP Soars as #Grayscale Unveils New #XRP Trust Fund, Sparking Massive Price Surge

— Bitcoinik (@Bitcoinikdotcom) September 12, 2024

According to reports, American stock-crypto trading platform Robinhood is also planning to list XRP cryptocurrency, as this cryptocurrency is not considered a security token, as the court judge ruled in the XRP lawsuit. However, Robinhood listing XRP coin information should be considered part of a rumor, as Robinhood has not made any official announcement.

💥 JUST IN: Robinhood just listed #XRP today!Big things are coming 👀🔥 pic.twitter.com/Xt3k1NPnNY

— Amonyx (@amonbuy) September 14, 2024

Read also: Shiba Inu leader says “Elon Musk can’t pump Dogecoin”: an ugly truth about Dogecoin?

Lucie slammed all the Dogecoin supporters indirectly who use Elon Musk’s name as a dominant supportive factor for Dogecoin.

Dogecoin is a top popular meme cryptocurrency, thanks to Elon Musk. Because of Musk, Dogecoin grabbed popularity across the crypto & non-crypto sectors globally. Musk’s influence pumped the Dogecoin price to $0.5+ in 2021. Due to the popularity of Dogecoin, many other meme tokens took birth, including Shiba Inu ($SHIB) token.

On 16 Sep 2024, popular Shiba Inu token leader Lucie stated that the crypto market is currently heavily manipulated, and everyone is playing their own games. He mentioned that he still believes in an upcoming bull market.  

Lucie suggested people observe the ongoing politics in the crypto market, where no crypto exchanges are pumping coins, and not even Elon can pump Doge. He also noted that no new crypto traders have entered the market yet, and adoption is still lacking, which is a very bad sign for the pump in the trade price of these crypto assets.

Using these negative factors of the current market sentiments, Lucie encouraged people to support Shibarium and remain calm, as Shibarium blockchain developers are continuously working to improve the Shibarium ecosystem and make it more useful.

So, you get your desired listing—hypothetically speaking. What will happen?Probably nothing. The market is heavily manipulated, and everyone is playing their own games. I still believe in an upcoming bull market, but if you observe the politics, no exchanges are pumping…

— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) September 16, 2024

Lucie’s tweet indirectly implied that Elon Musk is now an irrelevant factor for Dogecoin, as the Dogecoin price has failed to pump despite Musk tweeting about Dogecoin multiple times this year.

In the response tweets, we can see that people are eagerly waiting for a significant rally in the trade prices of cryptocurrencies, and they are highly optimistic about Shiba Inu’s ecosystem and its multiple tokens.

Totally agree! #Bone isn’t a great deal for @Binance since the full supply is in circulation, leaving no room to negotiate 😂. Exchanges chase profit over tech, but they can’t ignore $Bone forever 🦴🦴🦴. pic.twitter.com/N3836Ua3J5

— 🍖Bone Baby🍖 (@PATNERSHIBA93) September 16, 2024

Shiba Inu price action

At the time of publication of this report, the trade price of the SHIB token is $0.00001329, and this price is 27% down over the last 3-month period.

#shib token pic.twitter.com/4aZUb7jBrr

— Bitcoinik (@Bitcoinikdotcom) September 17, 2024

Read also: $ADA Heading Toward $15, Hoskinson Says Cardano Network May Easily Beat Solana with Key Update

Charles Hoskinson explained that the Cardano network has better potential to surpass the Solana network in terms of speed, but a new upgrade is needed.

Charles Hoskinson is a well-known crypto entrepreneur, recognized for his contribution to the Ethereum project in 2013. After Ethereum, he began working on his blockchain network, Cardano, which was launched in 2017. Currently, Cardano is a top rival to Solana and Ethereum in terms of adoption and stability.

On 16 Sep 2024, Hoskinson discussed the Cardano network’s improvements, stating that the “Leios Upgrade” will make Cardano faster than the Solana blockchain without sacrificing its decentralized nature.

He indirectly claimed that, in terms of speed, the Cardano blockchain will soon surpass Solana, while also criticizing Solana’s decentralization.

The rust node gives us no new differentiating features for users. Leios makes us faster than Solana without losing decentralization…

— Charles Hoskinson (@IOHK_Charles) September 15, 2024

This upgrade will be the second major update since the Chang hard fork, which was implemented in early September.

Hoskinson compared the “Cardano Rust node” with the Leios upgrade. The Rust node has been used to build wallet applications and enhance interactions with the Cardano network. Hoskinson mentioned that while the Rust node has been useful, the Leios upgrade will offer even more by significantly increasing the network’s transaction throughput.

Hoskinson believes the rollout of the Leios upgrade will happen somewhere in Q4 2024.

Some crypto X users expressed their disappointment, questioning why the Cardano founder hadn’t emphasized the importance of the Leios upgrade earlier, given its significance.

It’s shocking that Leios is only now getting serious attention. This should have been a top priority from the start, not just an afterthought when votes come into play. Your approach seems reactive rather than proactive & it undermines #Cardano’s potential to lead in innovation.

— Bikram Biswas 🐅 (@bikramjimybswas) September 15, 2024

Recently, a crypto analyst shared his prediction on Cardano’s native token, ADA. According to his analysis, ADA is currently in the third stage of its price cycle, which could see the price rise from $0.33 (at the time of writing) to $15. This surge is expected to occur in 2026-2027.

$ADA is in this cycle at stage 3 : “I told you so, you should have listened…”We're going there soon… 👀know how to catch the slightest opportunity before the trip… 🚀 #Cardano credit : @cryptorecruitr pic.twitter.com/yicxaESwMm

— Rémi Benays 🇫🇷 (@BenaysRemi) September 15, 2024

Read also: Three Major Bitcoin Bull Factors Indicate a Big Move Coming– Hold Your BTC, Don’t Short!

Montevideo, Uruguay, September 16th, 2024, Chainwire

The Rootstock community is set to conclude the “Rootstock World Tour,” one of its largest ecosystem campaigns, on September 30, 2024. This campaign, hosted on the Galxe platform, is bringing together partners from across the Rootstock ecosystem, offering users interactive opportunities to engage with 12 different decentralized applications (dApps) on the Rootstock blockchain.

Throughout the tour, participants will gain hands-on experience, enhance their knowledge of decentralized finance (DeFi) and blockchain technologies, and earn rewards for their engagement. The campaign is providing a unique opportunity to explore and interact with various Rootstock integrations.

Users can check out the campaign on Galxe here.

About Rootstock

Rootstock is the first, biggest, and longest-lasting Bitcoin sidechain. It is the only Bitcoin layer 2 that combines the security of Bitcoin’s proof-of-work, with Ethereum’s smart contract capabilities.

Rootstock is open-source, EVM-compatible, and secured by over 60% of Bitcoin’s hashing power, which makes it a gateway to a vibrant ecosystem of dApps that continues to evolve to become fully trustless. 

Rootstock World Tour Overview

The Rootstock World Tour campaign began on August 5, 2024, and is spinning a total of 12 quests across different destinations within the Rootstock ecosystem. Users who complete these quests have the chance to earn unique rewards, including Rootstock NFTs and Air Miles points. Additionally, participants are eligible for a raffle on September 30, 2024, where three winners will be selected to receive $3,000 in RBTC, Rootstock’s native token pegged 1:1 to Bitcoin (BTC).

Campaign Details and Rewards

Participants of the Rootstock World Tour are invited to engage in various activities through the 12 featured dApps: Jumper, Rubic Exchange, SushiSwap, Oku, Symbiosis, Woodswap, Money on Chain, Sovryn, Tropykus, RNS, Elk Finance, and CoNFT.

By completing quests such as obtaining RBTC, swapping tokens within the ecosystem, minting Rootstock NFTs, staking, and interacting with RNS domains, users can earn rewards from each individual dApp. Completing all quests also unlocks additional rewards and boosts participants’ chances in the final raffle.

Timeline and Raffle

The Rootstock World Tour ends on September 30, 2024, at which point the raffle will be held to award three winners with $3,000 in RBTC.

Quests 

To complete the tour, users can visit 12 destinations to do 5 types of quests: 1) Getting RBTC, 2) swapping RBTC to a token in the ecosystem (RIF, USDRIF, DLLR, MoC, rUSDT, or WRBTC), 3) minting a Rootstock NFT, 4) putting the tokens to work by staking, depositing, or adding liquidity, and 5) Minting an RNS (RIF Name Service) domain.

Interacting with any of these dApps is considered a quest by itself whether users take a further step or not. Each Rootstock community partner will publish the terms and conditions applicable to such particular quest.

Resources and Support

To navigate the Rootstock ecosystem, it’s useful for users to read through the following:

Comprehensive list of wallets compatible with the Rootstock ecosystem

Understanding the tokens in the Rootstock ecosystem; RBTC, RIF, and USDRIF

Guide to displaying Rootstock NFTs in your Metamask wallet

More detailed information about the quests is available on Rootstock.

Legal disclaimer

This article is for general information purposes only. It does not constitute legal, financial, or other professional advice, and should not be relied upon as such. RootstockLabs accepts no responsibility for any loss or damage that may arise from reliance on information contained in this publication. Readers should do their own research or seek independent professional advice before making any decision based on the information contained in this publication.

Contact

Rootstock Communityjouman.hajjar@rootstocklabs.com

Cardano founder Charles Hoskinson criticized the Solana blockchain’s recurring bug issues indirectly by mocking the Solend project founder.

Solana is a popular Proof-of-Stake (PoS) crypto network, primarily known for its highly scalable and efficient transactions, thanks to its unique Proof-of-History (PoH) protocol. However, over the past few years, the Solana network has struggled multiple times due to hidden and unknown blockchain code bugs.

On 15 Sep 2024, Nansen CEO Alex Svanevik posted a satirical screenshot on X (formerly Twitter) suggesting that Singaporean customs arrested the founder of Solend (now Save Protocol), a Solana-based crypto project. The fake news humorously claimed the arrest followed an attempt to smuggle 20,000 condoms into Singapore, allegedly meant for Solana’s upcoming Breakpoint event scheduled in Singapore.

this is like smuggling 20,000 steaks to a vegan festival pic.twitter.com/rMJs9ApqdF

— Alex Svanevik 🐧 (@ASvanevik) September 15, 2024

Cardano founder Charles Hoskinson joined the joke, commenting that the Solend founder simply wanted to “safely” use the Solana blockchain. Hoskinson humorously referenced both safe sex and the Solana network’s past blockchain code issues.

He just wanted to safely use Solana 🙂 https://t.co/AzDfu28mb5

— Charles Hoskinson (@IOHK_Charles) September 16, 2024

Cardano vs Solana

The rivalry between the Cardano and Solana blockchains has been significant ever since Solana’s popularity began rising.

People have frequently compared Cardano and Solana, often declaring Solana the winner due to its ability to process transactions at very low fees. On the other hand, Cardano’s network is highly stable and scalable as needed.

It is worth noting that both projects share the same vision but employ different strategies to push adoption. Solana focuses on paid promotions and hype, while Cardano remains focused on serious development without promotion.

Read also: Pro-Crypto Wave Boosts Trump, But Data Shows Kamala Harris Leading in Election Race

The cryptocurrency market is buzzing with excitement as several key indicators suggest that Bitcoin (BTC) is gearing up for a potential bull run. The majority of the Crypto enthusiasts and analysts are sharing insights that show big bull momentum. Here are the three big Bitcoin bull factors pointing toward a bullish Bitcoin breakout.

Crypto Airdrops on the Rise: A Sign of Bull Market Preparation

Crypto token airdrops are becoming a hot trend again, which many see as a bullish signal. When market players start offering airdrops, it often indicates that they’re preparing for a significant market move. 

Airdrops are frequently used as promotional tools to draw attention to new or existing tokens, but their sudden surge suggests that big players are anticipating a bullish shift. 

Bitcoin Halving Cycle Timing & Bull Peak Approaching

Another major factor fueling optimism for a bull run is the historical Bitcoin halving cycle. According to analysis, Bitcoin’s price tends to follow a specific pattern after each halving event. Usually Bitcoin’s bull cycle begins approximately 170 days after a halving and peaks around 480 days after.

As of now, we are 147 days post the latest Bitcoin halving, meaning that the market is approaching the ideal point for the bull run to kick off.

The average #Bitcoin cycle:Starts 170 days after halving Peaks 480 days after halving We are currently 147 days after the $BTC halving pic.twitter.com/jINl8Y4usP

— Quinten | 048.eth (@QuintenFrancois) September 15, 2024

Historical data backs this analysis, and many believe that once the 170-day mark is crossed, Bitcoin will begin its bullish ascent, eventually leading to a peak within the next 300 days.

US Presidential Election Countdown

Another significant factor contributing to bullish sentiment around Bitcoin is the upcoming US presidential election. We are now 60 days away from the election, and analysts believe that both outcomes will favor Bitcoin. In 30 days, as we approach the final stretch of the election, it’s expected that market volatility will increase, often leading to a surge in assets like Bitcoin.

NEW: 🇺🇸If Trump becomes president, #Bitcoin could hit $125K, or $75K if Harris wins.– Standard Chartered. pic.twitter.com/eY8WbcFAcL

— Kashif Raza (@simplykashif) September 16, 2024

Read also: Cardano Founder Jokes About Solend Crypto Founder, Says He Wanted “Safely” to Use Solana