Wednesday, August 21, 2024
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After a short hiatus, the crypto markets might be picking back up. In today's news:
Jared 2.0 🥪 So, no Solana ETF? ⛔
Read on! | | 24h Hot Searches Worldwide 🔥 | | Most Popular NFT Use Cases | | Our survey found that the crypto community had rather mixed opinions about the best use case for NFTs.
Nevertheless, gaming and metaverse items turned out to be the most popular NFT use case, which 17.2% of participants felt to be the most bullish. | | | Jared 2.0 🥪 The infamous 'Jaredfromsubway.eth' is back with a new and improved MEV bot capable of executing more advanced strategies.
According to a report by EigenPhi, it seems that Jared has put his old MEV bot to rest just a week ago.
However, the team detected that a new MEV contract has been wreaking havoc on-chain through sophisticated methods over the past 2 weeks.
To truly solidify the connection, the new contract was created using the same address that he used to deploy his old bot.
EigenPhi also added that the new MEV bot is capable of executing more complex sandwich attacks, which can be up to seven layers deep and affect multiple victims.
Since the bot began operating, it has already executed over 85,700 transactions and paid over 765 ETH (~$2M) to block builders.
Editor's Note: MEV arbitrageurs will always be on the prowl to take advantage of unsuspecting victims, but there are some methods that you can employ to avoid them. You can adjust a tighter range for slippage, seek aggregators/deep liquidity pools, or even utilize RPC endpoints that offer MEV protection. | | | The TON blockchain has been getting a lot of attention lately. Here are the top wallets you can choose from to get started exploring the ecosystem! | | | So, no Solana ETF? ⛔ According to sources, the SEC has apparently rejected both 19b-4 filings by Cboe BZX for two potential spot Solana ETF issuers.
The two filings have since been removed from Cboe's website.
There are currently 2 issuers who are trying to issue their own spot Solana ETFs - 21Shares and VanEck.
Matthew Sigil, the Head of Research at VanEck, maintained that his firm's application is still active.
However, this is not the end for a potential Solana ETF, as the 19-4b forms can be refiled at a later date with a more compelling case for listing. | | | The 2nd round of Sonic Labs's Meme Season competition is live, with 750,000 FTM in prizes up for grabs for holders and teams of participating memecoins.
Meme Season spotlights the leading memecoins on Opera and the upcoming Sonic chain while distributing sFTMx to both new and existing community members. It also showcases Sonic Labs's innovative technology and expanding ecosystem.
The 2nd round runs until September 5. Get involved by holding one of the memecoins or launch your own! | | | | What is Babylon? Learn about the innovative project that aims to enable Bitcoin staking to bolster to economic security of Proof-of-Stake chains and dApps. | | | In Other News... Good News & Bad News. Gas fees on the Ethereum mainnet are at their lowest levels in years. While this drop indicates a sluggish market, it might also reflect the continued successful implementation of the many Ethereum scaling solutions, such as the Dencun upgrade. Bitcoin Miners Steamrolled. In a recent crackdown on electricity theft, Malaysian authorities used and videotaped steamrollers destroying over 900 Bitcoin mining rigs.
Nigeria Soon to Greenlight Crypto Exchanges. The Nigerian SEC is preparing to license several cryptocurrency exchanges, reflecting the nation's growing adoption of digital currencies.
BadgerDAO Founder Announces New Ethereum L2, Corn. Bitcoin maxis will be delighted to know that the L2 plans to use Bitcoin as its gas token. The project seeks to increase the utility of Bitcoin through this unusual move.
Montenegrin Authorities Nab Another Cryptocurrency Criminal. Authorities have arrested Roman Ziemian, co-founder of FutureNet, for allegedly defrauding users of over $21M. This arrest follows a similar high-profile case in Montenegro, where Terra founder Do Kwon was also detained.
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