🦎🚀 All Moo Deng needs is a little help from Vitalik! 📈

Tuesday, October 8, 2024

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Hope you're hanging in there, Geckos!

Up-tober is not going too well so far, but we've still got plenty of time left for things to turn around.

In today's news:

Any publicity is good publicity 🦛
To greener pastures 🌿

Read on!

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24h Hot Searches Worldwide 🔥

MAGA (+27.0%)
SPX6900 (+46.9%)
MOO DENG (+152.7%)
Popcat (-14.7%)
Hacken (+4.5%)
Eigenlayer (+13.3%)
Sui (+3.2%)

Which blockchains have the most stablecoins?

The majority of stablecoins are issued on Ethereum and Tron. These two blockchains account for 83.9% of all stablecoins, valued at $144.4 billion. How do other blockchains stack up?

Any publicity is good publicity 🦛

Vitalik Buterin is known for selling off memecoins received by various projects for charitable purposes, and that is still the case, even today.

The co-founder of Ethereum recently sold 10 billion MOODENG tokens, an Ethereum-based memecoin inspired by the viral pygmy hippo Moo Deng, to fund further development of technology against airborne diseases.

The proceeds from the sale, worth approximately $181,000 in ETH, were then sent to Kanro, an entity formed by Buterin.

Normally, Vitalik's actions would have caused the price of the associated token to plummet soon after, as evidenced by other memecoins he received that were also sold for charity.

This time, however, the price of MOO DENG on Ethereum surged by 65% shortly after Vitalik posted about the memecoin on X.

The memecoin's market cap also rose from $49M to a peak of $109M but has since retreated to $85M today.

Exploring the Cosmos ecosystem? Here is a video of the top wallets you can try to get started!

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To greener pastures 🌿

A wallet drainer on the TON blockchain is shutting down, but its users may now be migrating to Bitcoin.

Fraud solutions provider Scam Sniffer recently posted a screenshot of the wallet-draining service announcing its closure, citing that there were not enough whales (victims) on the network.

However, the firm also redirected users to another crypto-draining service for Bitcoin, stating that users will enjoy 'draining' BTC as much they 'enjoy draining' on TON.

The announcement also mentioned that the unspecified wallet-drainer on Bitcoin has been working on their product for months and will be releasing an upgraded version in a week's time.

Learn about regenerative finance (ReFi) and how it utilizes web3 technologies to tackle some of the social, environmental, and economic issues that exist within traditional finance.

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In Other News...

Symbiotic's X Account Compromised. The attacker retained control from October 5 to October 7, posting phishing links related to Symbiotic points. Users are advised not to click on any links from Symbiotic for now.
The Japanese Microstrategy. MetaPlanet, a Japanese investment firm said to be the Asian Microstrategy buys up another $6.7M worth of Bitcoin on Monday.
Crypto No Longer VAT Taxed in UAE. The change takes effect on 15 November, users will no longer need to pay the 5% levy when making crypto transactions.
Wet A** Phoney. Cardi B's official X account was seemingly compromised on Monday, promoting a memecoin related to her song (WAP). It is unlikely that the token is officially endorsed by Cardi B.
Bitget To Compensate Traders For Flash Crash. Bitget's token, BGB, plunged 52% on Sunday before swiftly recovering within an hour. The exchange pledged to compensate for any losses from the brief crash.
Crypto Exchanges Coming to You In Hong Kong. The Hong Kong Securities and Futures Commission (SFC) announced plans to approve up to 11 more crypto exchanges by the end of the year.

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