Wednesday, August 14, 2024
| Don't miss out on the juiciest news in the crypto space! Stay in the loop to ensure that you receive our latest newsletters, right in your inbox! | | Things are looking a little brighter, Geckos! Is this the beginning of ETH's comeback, or has it run out of steam? In today's news: Read on! | | 24h Hot Searches Worldwide π₯ | | Ethereum Price Predictions for 2024 | | Are analysts and pundits bullish when it comes to ETH? Check out some of their price predictions for 2024. | | | Watch out, now the sun's out! π One of the top DeFi platforms on the TRON network, SUN.io, has announced the beta launch of its own memecoin platform, SunPump. Offering a similar service to platforms such as Moonshot and Pump.fun, SunPump offers an easy and low-cost solution for developers to launch their own memecoins on TRON.
Functioning similarly to other memecoin launchpads, SunPump utilizes a bonding curve mechanism, where the price of tokens is adjusted based on the total supply.
Once the bonding curve is completed and the token reaches a certain market cap, SunPump will provide around $12,000 worth of TRX to be deposited in a liquidity pool on the SunSwap DEX. It costs 20 TRX (~$2.60) to create a memecoin on SunPump, with an additional 3,000 TRX required for liquidity provision once the bonding curve is complete. SunPump now features well over 100 different memecoins, with the dog-themed memecoin, $TRONY, having the largest market cap at $3M. The price of Tron's native TRX token has also risen by 3.6% from $0.126 to $0.13 since the platform's launch. Editor's Note: With the current memecoin meta, we've seen a lot more competitors emerge to try and seize the throne from Pump.fun, and SunPump is no different. However, the Tron ecosystem has historically been centered around DeFi and USDT, so it will be interesting to see if there is significant demand for memecoins on the network. | | | Who doesn't want airdrops? Watch today's video to learn about 8 more projects which may airdrop tokens to users, and how to maximize your chances of qualifying for them. | | | Limitless markets for dYdX βΎοΈ The dYdX Chain is ready for its biggest upgrade yet. Known as 'dYdX Unlimited' ,the latest updates will be coming later this fall, which include giving users the power to list new token markets without going through governance.
Users will be able to list virtually any market, as long as it has an oracle price on Raydium, Ethereum or any other CEX.
To start creating a market, users will have to deposit a specific amount of USDC into the dYdX MegaVault, with the amount to be determined through governance.
The MegaVault will function as the exchange's primary liquidity pool and market maker across all markets on the dYdX chain. | | | NEAR Introduces Chain Signatures - a groundbreaking Chain Abstraction solution built on NEAR enabling the next chapter of Chain Abstraction by allowing smart contracts and accounts to sign transactions on any chain. | | | | In this article, we'll explore how Agoric aims to revolutionize crypto UX, making it easier to experience seamless cross-chain opportunities with fewer transaction signatures required. | | | | Find out how to win sFTMx in Sonic Labs' Meme Season Round 2 by holding or providing liquidity with memecoins on the Opera chain and the team's upcoming Sonic network. | | | In Other News... Bounty Hunters Wanted. Indian crypto exchange WazirX has launched a bounty program in an effort to recover part of the $230M in stolen funds. Users who help successfully recover any of the stolen assets will be rewarded. Bitcoin Miners Struggle. A CryptoQuant report highlights the difficulties faced by Bitcoin miners amid fluctuating Bitcoin prices. Daily Bitcoin sales by miners have hit a record high as their profit margins shrink following the Bitcoin halving. New City Builder Mode on Telegram Game TapSwap. The Tap-to-Earn game has introduced this new game mode ahead of its upcoming token drop. Users can earn extra rewards by unlocking and upgrading their buildings in this mode. Grief Turned Memecoin, Dead Dad Coin. Artist NFN Kalyan created the memecoin in honour of his late father. The head-turning memecoin's market capitalization peaked at $4.1M in July. Artists Rewarded for Giving Garry The Finger. The meme-driven platform UNFK has wrapped up its competition mocking SEC Chair Gary Gensler. The top prize, a collectible figurine, earned $5k worth of SOL. Coinbase Teases Its Own Wrapped Bitcoin. The official Coinbase Twitter account posted "cbBTC" on Monday, followed by "Coming Soon."
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