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Hackernoon
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Image Credit: Hackernoon
Rekt Raises $1.5M Seed Round Backed By Angels and Community, Following Sell-Out Of Rekt Drinks
- Rekt Brands Inc. has completed a $1.5 million seed funding round, funded by angel investors and the community.
- This funding follows the successful launch and sell-out of Rekt Drinks, their lime-flavored sparkling water product.
- The entire stock of Rekt Drinks sold out in under 48 hours, making it one of the largest real-world product sales by a Web3 brand.
- Rekt plans to expand its product lineup and strengthen its brand awareness, while continuing to engage and reward its community.
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Insider
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Image Credit: Insider
Binance founder Changpeng Zhao says prison inmates and guards asked him for crypto tips
- Binance founder Changpeng Zhao, also known as CZ, revealed that inmates and prison guards asked him for cryptocurrency tips during his four-month incarceration.
- Although initially not recognized, word of his wealth and crypto expertise spread inside the prison.
- Zhao stated that he had no access to market information but was frequently asked about which coins to buy.
- During his prison term, Zhao had limited access to market updates and followed a different diet from his usual paleo preference.
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Bitcoinist
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Image Credit: Bitcoinist
CZ Confirms Interest In Selling Binance 90% Stake: Key Takeaways From His Latest Interview
- Changpeng Zhao (CZ), the founder of Binance, is open to considering offers to sell his 90% stake in the exchange.
- Zhao is no longer the CEO of Binance due to his plea deal with the Department of Justice.
- Binance has paid $4.3 billion for violations and continues to operate under new CEO Richard Teng.
- Zhao plans to explore investments in AI and biotech, and launch a nonprofit educational app called Giggle Academy.
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TronWeekly
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Image Credit: TronWeekly
75% of Memecoins Born This Year, But 97% Are Gone: Binance Research
- Over 75% of memecoins were launched in the past year, yet 97% have already failed, per Binance Research.
- Exploitation by 'pump-and-dump' groups raises concerns about memecoins driven by fairness and transparency.
- Maintaining distinct narratives and genuine community value may be crucial for sustainable success of meme coins.
- Rise of meme coins reflects increased interest in fair and accessible assets, driven by socio-economic factors.
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10 Likes
TheNewsCrypto
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Image Credit: TheNewsCrypto
Binance Research’s November 2024 Report Highlights Crypto Market Resilience
- The overall market capitalization of cryptocurrencies increased by 2.8% in October 2024, driven by BTC inflows and positive US employment statistics.
- Solana demonstrates momentum in DeFi with a 13.4% increase in total value locked (TVL) and 90.6% of all token launches.
- NFT market shows resilience with a 15.8% increase in monthly trading volume, while memecoins account for over 12% of top 50 cryptocurrencies.
- Rising application revenues suggest a shift towards application-level income in the cryptocurrency industry.
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20 Likes
TheNewsCrypto
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Image Credit: TheNewsCrypto
Can the Solana Options Launch on Binance Boost SOL to New Highs?
- Binance announces the launch of Solana (SOL/USDT) options on its Options Trading platform.
- SOLUSDT daily and weekly options will go live on November 12.
- Solana (SOL) recorded a rally towards its 3-month high but is still down 27.6% from its all-time high.
- SOL may face resistance levels at $195.85 and $204.50, while support levels are at $159.30 and $144.35.
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14 Likes
Insider
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Image Credit: Insider
2 crypto tycoons are almost $15 billion richer after Trump's election victory
- Two cryptocurrency tycoons, Chaopeng Zhao and Brian Armstrong, saw a combined increase in their wealth by about $15 billion after Donald Trump's election victory.
- Changpeng Zhao, founder of Binance, saw his net worth soar by about $12 billion, making him the 25th richest person on the Bloomberg Billionaires Index.
- Brian Armstrong, CEO of Coinbase, saw his net worth jump by about $2.6 billion to reach $11 billion.
- The surge in wealth was driven by the optimism of a favorable regulatory environment for digital currencies under Trump's presidency.
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11 Likes
Bitcoinsensus
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Image Credit: Bitcoinsensus
OpenSea to Launch Revamped NFT Platform in December
- The NFT marketplace OpenSea plans to launch a revamped platform in December to revive user interest.
- OpenSea's CEO announced the update, stating that the team built a new OpenSea from scratch.
- Specific details about the new features were not provided, but speculations suggest possible offerings like shared ownership and enhanced blockchain integration.
- NFT trading volume on OpenSea has seen a recent boost, reaching a daily peak of $15 million.
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19 Likes
Crypto-News-Flash
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Image Credit: Crypto-News-Flash
BNB Chain Launches RWA Tokenization Service to Empower SMBs and Boost Web3 Adoption
- BNB Chain has launched an asset tokenization portal to facilitate real-world asset tokenization for SMBs and promote Web3 adoption.
- The initiative aims to reduce costs and make digital asset tokenization accessible for SMBs in the digital economy.
- The platform enables SMBs to streamline operations, enhance customer loyalty programs, and unlock new revenue streams.
- This move reflects Binance's commitment to fostering a robust digital economy and onboarding the next billion Web3 users.
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Bitcoinist
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Image Credit: Bitcoinist
Binance Targets Thailand’s Crypto Oasis As Launchpad To 1 Billion Users
- Binance aims to increase cryptocurrency adoption in Thailand to reach 1 billion users.
- Thailand is seen as a strategic market for Binance due to high crypto penetration rate.
- Thailand aims to become a cryptocurrency hub in the region by supporting digital asset development.
- Binance lawyers and ex-CEO filed a motion to dismiss charges by the SEC.
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6 Likes
Medium
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Image Credit: Medium
How to Deep Dive into Using the Best Filter for Art Generation in PlayArts.ai
- The Ippy filter captures a vibrant, playful, and slightly surreal aesthetic, bringing a dreamy, cartoonish vibe to your art.
- The Coco filter is inspired by meme culture and embodies a quirky, humorous essence, perfect for expressing exaggerated or playful characteristics in your art.
- The Pepe filter channels internet culture's iconic frog with a unique satirical twist, bringing out intense expressions and stylized lines.
- The Mfer filter has a distinctive street art appeal, ideal for creating grungy, edgy art with urban vibes and street-inspired styles.
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15 Likes
Crypto-News-Flash
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Image Credit: Crypto-News-Flash
OpenSea 2.0 Set for December Launch: Revamped NFT Platform to Feature BTC Ordinals, User Rewards
- NFT marketplace OpenSea is set for a revamp in December to introduce Bitcoin Ordinals support.
- The revamped OpenSea will feature a completely new platform and introduce rewards for users holding Gemesis NFTs.
- Speculations suggest that OpenSea may be developing an Ethereum Layer 2 chain for cost reduction and faster transactions.
- OpenSea has been facing declining sales volume, regulatory challenges, and stiff competition from platforms like Blur.
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2 Likes
Medium
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Image Credit: Medium
October Winners!
- The top hunter of the world in October was Underzenith7, receiving 5 red keys and a $100 Solana Export Ticket.
- The top builder of the world in October was LooptyLuke, receiving 5 red keys and a $100 Solana Export Ticket.
- The 5 hunters who finished the Adventure Road the fastest in October each receive a $50 Solana Export Ticket.
- The winners of the October Referral race each receive a $25 Solana Export Ticket. The grand prize for the referral race winner was The Epic Origami Princess Cubie Blueprint.
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2 Likes
Bitcoinist
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Image Credit: Bitcoinist
Solana’s Network Usage Skyrockets: On-Chain Transfer Volume Reaches New Height
- Solana's on-chain transfer volume reaches new all-time high, indicating increased network usage and acceptance.
- Glassnode reports a surge in on-chain transfer volumes, reaching almost $224 billion in a single day, boosting confidence in Solana's scalability.
- The rise in transfer volume was driven by a particular wallet address with significant activity, potentially a bot for arbitrage purposes.
- Solana's active addresses reach a record high of 123 million, showing a 42% growth compared to September, driven by increased meme coin trade, dApps, NFTs, and gaming.
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11 Likes
Cryptoslate
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Binance challenges SEC lawsuit crypto classification in court motion
- Binance and its founder, Changpeng Zhao, have filed a motion to dismiss the SEC's amended complaint.
- Binance argues that the SEC's expanded lawsuit contradicts a previous court ruling that clarified crypto is not inherently classified as a security.
- Binance asserts that token sales over exchanges lack the characteristics of investment contracts under securities law.
- Binance also contests the SEC's classification of alleged blind sales of BNB as investment contracts and requests the rejection of certain relief measures.
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21 Likes
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