Wednesday, August 7, 2024
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Are we done with the selloff, or is there more pain on the way? In today's news:
OP, but for Bitcoin 🔧 The end of DJT? 📉
Read on! | | 24h Hot Searches Worldwide 🔥 | | | | Metaverse land used to be all the hype in 2021 and 2022. How do they fare today? Read more to find out. | | | OP, but for Bitcoin 🔧 A potential solution for native DeFi on Bitcoin? A team of developers are gearing up for the launch of the OP_NET testnet, which aims to bring programmability to the Bitcoin mainnet. OP_NET will mainly utilize the Tapscript component of Bitcoin's Taproot upgrade, the same feature used in the creation of Ordinals and Runes.
According to the project's co-founder, Chad Master, their motivation is to create a permissionless meta protocol platform for users to build different applications directly on Bitcoin.
Thet network makes use of the WebAssembly (WASM) programming language, supporting smart contracts written in other languages, such as Rust, C++, and Python.
Unlike other Bitcoin sidechain or L2 solutions, only native BTC will be required for paying transaction fees.
Editor's Note: It's no secret that developers have been trying to implement native smart contracts on Bitcoin for a while now, but have yet to achieve significant milestones. Even though the hype around the Bitcoin ecosystem has tapered off, it's good to see that there are still projects looking to make smart contracts on Bitcoin into an actual thing. | | | Catch up on the most important developments of the crypto markets from April to June 2024! | | | The end of DJT? 📉 One of the most popular Trump-themed tokens on Solana may have just met its premature end. The price of the DJT memecoin fell by 92.7% from $0.0055 to $0.0004 yesterday after the largest holder sold $2M worth of tokens in one transaction. The sale caused the project's market cap to plummet from $55M to $3M almost instantly. According to crypto sleuths, the wallet responsible for the sale owned 20% of the token supply and received DJT directly from the minting project, potentially linking it to the memecoin's creators. | | | Discover some potential upcoming airdrops and tips on how you can improve your airdrop eligibility! | | | In Other News... Upcoming Ubisoft Game on Arbitrum. Assassin's Creed publisher Ubisoft makes its foray into the crypto gaming world. The game titled Captain Laserhawk will be loosely inspired by the 2013 game, Far Cry 3. Notcoin Leads Crypto Rebound. This year's biggest gaming coin, NOT, surged 30% on Tuesday, emerging as the top gainer among the top 100 cryptocurrencies by market cap.
Happy Ending for Ronin Bridge Exploit. Ronin's bridge was briefly halted after a $12M exploit on Tuesday. Fortunately, the attacker was a white hat hacker who has since returned most of the stolen funds.
Bitcoin Hodlers Undeterred. This month saw over $22.8B worth of Bitcoin moving to permanent holder addresses. This suggests long term Bitcoin accumulation during this period of volatility.
Once Bitten Twice Shy. Spooked by the $230M hack on fellow Indian crypto exchange WazirX, CoinDCX launches its own investor protection fund.
SOL/ETH Ratio All Time High. The metric that tracks the value of one Solana token to one Ether token has reached a new all time high. This suggests Solana's growing strength amidst current market turmoil.
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