SafePal Launches Telegram Crypto Wallet with Visa Card Support
SafePal launched a Telegram Mini Wallet App offering compliant Swiss bank accounts and Visa card integration
> SafePal aims to expand its services to Europe and the Asia-Pacific region, including launching a Mastercard card
> Both SafePal and Coinbase's actions highlight the growing integration of crypto into messaging platforms and ongoing regulatory hurdles in the US
> The SafePal wallet app uses Fiat24 for KYC and account management, separating it from the decentralized aspect of SafePal’s non-custodial wallet
https://x.com/zxocw/status/1852638908666028380?t=SpGQ2bCOX9IxcRBn_WdPMg&s=09
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Eli5DeFi News Recap
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Eli5DeFi X | Telegram | Farcaster | Newsletter (Relaunch Soon)
————
⭐️HIGHLIGHTS ⭐️
> Coinbase - Stock Plunges 15.3% After Disappointing Q3 Earnings
> Paxos - Global Dollar (USDG): A New, Regulated Stablecoin for Global Adoption
> Crypto - Market Dip: Bitcoin Below $70K, Altcoins Suffer Greater Losses
> UBS - Launches Tokenized Investment Fund, Following Industry Trend
> Edward Robinson - The Curious Case of Stephen Mollah: Another Satoshi Nakamoto Claimant Emerges
————
⭐️ELI5 THREAD ⭐️
> Humanity's First Blind Computer
————
⭐️ NEWS ⭐️
> ZetaChain Network - Suffers Six-Hour Outage Due to Consensus Failure
> US - Job Growth Stalls: 12,000 Jobs Added in October, Impact on Fed and Election Unclear
> Celo's Uniswap - Trading Volume Explodes 20x Since January 2024: Fueling Excitement for Aave Integration
> Triangle - Web3 Wallet Platform, Acquired by Bridge in $1.1 Billion Stripe Deal
> LLMs and Hallucinations - A Deep Dive into Causes, Detection, and Solutions
> ChatGPT Search - A New Era of AI-Powered Web Search
> signumcapital/signum-newsletter-19">signumcapital - Crypto Market Highlights: Autonomous AI, Sybil Attacks, and the Rise of Gnosis SAFE
> tokenterminal - Ethereum vs. Solana: A Comparative Economic and Scalability Analysis
> The Commit-Reveal Pairwise Comparison Protocol (CRPC) - A New Primitive for Decentralized Consensus Mechanisms
> TON Foundation - Launches Society DAO to Decentralize Governance and Drive Ecosystem Growth
> Ankr - Partners with TAP to Secure Bitcoin Ord-Fi Development
> Immutable - Receives SEC Wells Notice Over Potential IMX Securities Law Violations
> CZ - First Public Appearance Since Prison Release: Reflections on Incarceration and Future Plans
> NEBRA - Launches Universal Proof Aggregator, Slashing ZK Proof Costs on World Chain
> Securitize - Surpasses $1 Billion in Tokenized Assets, Launches New Fund Administrator Service
> Coinbase - Warning: Retail Crypto Trading Slump Masks Bitcoin's Rise
> Rollup Tokens - Struggle: $12 Billion Market Defies Crypto Rally
> Decentralized GPU Marketplaces - Ride the AI Wave
> CoinDesk 20 - Daily Market Update: UNI and RENDER Lead, APT and LINK Lag
> Roman Storm's Tornado Cash - Trial Postponed: Expert Witness Disclosure Battle Delays Proceedings
> Crypto Venture Capital - Underperforms: A 2015-2022 Analysis
> Virtuals Protocol - Launch Fun Virtuals
> Maple Finance - A Deep Dive into DeFi's Institutional Lender
> LLMs - A Game Changer for Software Development Through Screen Sharing
> Bittensor - Weekly Report: Pyramid Scheme Launch, Validator Shift, and Media Coverage
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⭐️ BOOKMARKED
> 48hrs/bot-swarm">Nicky Sap - AI Agents: The Next Wave of Crypto Adoption?
> tpan/342-ai-in-crypto-marketing,-the-ai-agent-cambrian-explosion-1">tpan - The AI Agent Cambrian Explosion in Crypto: A New Marketing Paradigm?
> Tim Cotten - Autonomous Virtual Beings: A New Lifeform at the Intersection of Gaming, AI, & Web3
> Kyle Baird - Ethereum's Potential Rally: Three Factors Pointing to a Price Surge
> FlywheelDefi - Redefining Yield: Flywheel DeFi Podcast with Chunda McCain on Nucleus and "Yield by Default"
> Tim_4444 - Crypto Gains: Wise Investments for Well-being & Self-Improvement
> spjoleh - Trilemma #4: Chain Abstraction – Necessary Evil or Avoidable Complexity?
> jon_charb - Solana as an Ethereum Layer-2: A Debate on Social Commitment and Forking Rules
> willthetrill.eth - Is the Crypto Hiring Frenzy Over? Layoffs, Reorgs, and the Future of Talent
> Zack Guzman - Bezos, Bias, and the Broken Media: Can Web3 Fix It?
> Lan Jianzhong - Avenir Crypto's $500M "Excellent Partner Program": Investing in the Future of Quantitative Crypto Trading
> Flywheel DeFi - Nucleus - Redefining Next-Gen Yield with Chunda McCain
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⭐️ FUNDING⭐️
> N/A
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⭐️ TESTNET/ AIRDROP⭐️
> N/A
https://x.com/MurrLincoln/status/1852353591861727279?t=SwAj1T2ZosM1OT_U1_KxrA&s=09
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Two Years After FTX - The State of Exchange Proof of Reserves
“Additionally, out of the major exchanges, Binance has seen the lowest reserve drawdowns over time, which has never hit more than 16%.
Since the collapse of the FTX exchange in November of 2022 only Bitfinex and Binance have seen their Bitcoin reserves grow out of the major exchanges.” – Explore our dashboard for more.
By CQ Research | @cryptoquant_official
Spacecoin XYZ: Launching a Blockchain Network in Outer Space
Spacecoin XYZ plans to establish a decentralized blockchain network in space, forming the basis for a future space economy
> The project aims to create a backup for blockchain technology, safeguarding it from potential Earth-based disasters
> Spacecoin's infrastructure will involve a fleet of nanosatellites creating a decentralized physical infrastructure network (DePIN)
> The system will use a two-tiered design: a layer-1 ("Celestial Chain") in space and a layer-2 ("Uncelestial") on Earth
> Potential use cases include a space-based commerce marketplace, secure computation co-processor, and hyper-secure data custodian
> The space-based layer-1 offers enhanced security compared to Earth-based systems, as the hardware is inaccessible for tampering
> Spacecoin has already launched three satellites for initial testing
Legion is pretty cool imo.
Anyone that want to signup Legion for Investing in the latest launches can use my Ref ID for early access:
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https://x.com/eli5_defi/status/1852549673451725156
https://x.com/lazyvillager1/status/1851484657608769906?t=ScXYvMRHAnp3gzjO-rxkLQ&s=09
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bitsmiley/introduction-to-bitsmiley-governance-token-and-token-economics-708c6f459e27">bitSmiley Launches $SMILE Governance Token on Ethereum
bitSmiley is launching its ERC-20 governance token, $SMILE, on the Ethereum network to facilitate decentralized governance, offering holders various benefits including participation in surplus auctions, fee discounts, and priority liquidation rights
> The choice of Ethereum is due to its maturity, liquidity, and widespread wallet adoption
> $SMILE has a total supply of 210,000,000 tokens
> $SMILE holders can participate in decentralized governance, impacting protocol parameters
> Staking $SMILE allows users to earn bitUniverse assets
https://x.com/ag_dwf/status/1852393678502825992?t=hZCmmrDJy6iN8xLPapqBvg&s=09
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https://x.com/gospelofgoatse/status/1852328070448824501?t=FbNGYjzbzQD35INgY4gm-A&s=09
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Ankr x TAP: Secure Bitcoin Ord-Fi Development
Ankr is now a validator node operator for TAP, a protocol enhancing Bitcoin's functionality by enabling Ordinals-based DeFi applications
> TAP is a protocol enabling Ordinals-based DeFi applications on Bitcoin, offering features like token swapping, staking, and liquidity pools
> TAP aims to improve the Bitcoin developer ecosystem by providing more complex financial operations directly on the Bitcoin blockchain
> Ankr's role involves high-performance node operations, distributed validation, and around-the-clock support for TAP
> TAP facilitates functionalities such as fractionalizing Ordinals art, borrowing/lending/staking, token authentication, and multi-send transactions
https://x.com/M2Exchange/status/1852129490656268320?t=FZs5RmYPkcnAdnnrgpnYIg&s=09
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https://x.com/Defi0xJeff/status/1851665136953811406?t=40sCAXfqbUN_f0PWHJq5dg&s=09
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JUST IN: 🇺🇸 $953 billion was wiped out from the US stock market today.
@WatcherGuru
Delabs Games Secures Strategic Investment from TON Ventures
Delabs Games announced a strategic investment from TON Ventures to accelerate its growth as a leading mid-core gaming project on the TON blockchain
> The partnership will provide dedicated support and investment for mass adoption
> The investment highlights the growing interest in TON blockchain
> Increased visibility and engagement for Delabs Games
> Project Spotlight Week 45/2024
https://x.com/eli5_defi/status/1852727627163058489?t=BqXafmbr3YAocMyWbc-Nlw&s=19
https://x.com/MinisterOfNFTs/status/1852379881020981271?t=KapQLK6JiP0OnrSxnnQq7g&s=09
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https://x.com/tookerkurlson/status/1852134480863244458?t=v3rG9bNgGReEtfYbgeg6ug&s=09
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https://x.com/jpn_memelord/status/1852498051073511611?t=VDsoPBj7n5uo9N1yf3pGMA&s=09
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timedotfun/our-migration-to-solana-ce6097d6a2ce">Time.fun's Solana Migration: A Detailed Explanation of Changes and Refunds
Time.fun is migrating to Solana from Base to improve chances of mainstream adoption
> Existing users and creators must re-register on the Solana platform
> Users will not lose funds due to the migration; refunds will be issued for negative profit/loss on pre-announcement trades
> Minutes purchased after the announcement are not eligible for refunds
> The Time.fun points program is temporarily paused
> The migration is expected to benefit the platform long-term
Bitget Payment: Free, Fast, and Global Cryptocurrency Transfers
Bitget Payment is a free, fast, and globally accessible cryptocurrency payment platform offering zero fees, multiple cryptocurrency support
> The platform boasts global coverage, enabling users to make payments worldwide with an internet connection
> It supports multiple cryptocurrencies, including BTC, ETH, and USDT, providing users with diverse options
> Key use cases include peer-to-peer transfers, merchant payments, and global remittances
> For regions with unstable currencies, stablecoins are recommended for payment to mitigate exchange rate risks
> Bitget Pay is currently only available on mobile devices via the updated Bitget app
Bitcoin Layer 2: From Sidechains to ZK-Rollups
Bitcoin's Layer 2 solutions are evolving to enhance scalability and functionality, distinct from Ethereum's. This content examines three major Bitcoin Layer 2 projects: MerlinChain, HemiNetwork, and BitLayer , highlight their innovations and contributions
> MerlinChain: Transitioning to a ZK Layer 2 solution for decentralized finance and interoperability. MerlinChain is launching a feature allowing $MERL tokens for transaction gas fees and expanding services via Telegram
> HemiNetwork: Hemi introduces the Hemi Virtual Machine (hVM) for Ethereum smart contracts, secured by Bitcoin, enabling new DeFi applications
> BitLayer: Utilizing BitVM for Bitcoin-equivalent security and expanded capabilities
Zircuit Launches EIGEN Fairdrop: A Fairer Approach to Ethereum Staking Rewards
Zircuit launched the EIGEN Fairdrop, an initiative aiming to distribute Ethereum staking rewards more fairly and inclusively among EigenLayer participants
> Zircuit emphasizes its strong security infrastructure, protecting users from hacks using AI techniques
> Over 190,000 participants can claim rewards by verifying their eligibility on Zircuit's Fairdrop page
> The Fairdrop rewards contributions to EigenLayer, enhancing Ethereum's security and resilience
> Zircuit positions itself as a secure liquidity hub for restaked assets
Ritual x StarkWare: Partner to Integrate AI on Starknet
Ritual and StarkWare are partnering to bring AI capabilities to the StarkWare ecosystem
> StarkWare is a leading provider of Layer-2 scaling solutions for Ethereum, including Starknet
> Ritual provides decentralized infrastructure for integrating AI into blockchain applications
> This integration allows developers to utilize AI natively on-chain, eliminating the need for fragmented, complex, and potentially insecure solutions
> Ritual Chain will act as a coprocessor on Starknet, enabling AI requests via message passing
> Ritual offers both a decentralized oracle network (Infernet) and a forthcoming EVM blockchain (Ritual Chain) designed for AI integration
Triangle Acquired by Bridge: Expanding Stablecoin Payments
Triangle Platform, Inc. has been acquired by Bridge, a payments platform utilizing stablecoins, to enhance its global money movement capabilities
> Triangle's services will be phased out by December 31, 2024
> Triangle's API simplifies wallet access for non-tech users, increasing on-chain adoption
> Triangle's expertise in key and transaction management will improve Bridge's stablecoin systems
The acquisition is seen as advancing the shared vision of both companies, particularly in the growing stablecoin market
Eli5DeFi News Recap
Support us by subscribing :
Eli5DeFi X | Telegram | Farcaster | Newsletter (Relaunch Soon)
————
⭐️HIGHLIGHTS ⭐️
> 1inch dApp - Security Breach: Suspicious Code Detected
> JPMorgan - Trump Victory Could Boost Bitcoin and Gold
> cryptso/onchain-ai">David Tso - The Agentic Web on Base: A Directory of AI Agents
————
⭐️ELI5 THREAD ⭐️
> Humanity's First Blind Computer
> Future of RWA with Chintai Network
> The Rise of Agentic AIs
> Deepbook - $DEEP Flywheel
————
⭐️ NEWS ⭐️
> Kraken - Launches Customizable Desktop Trading App, Inspired by Cryptowatch
> Florida - Doubles Down on Crypto: $800 Million Investment and a Bold Vision for the Future
> Glow Labs - Leverages Blockchain to Expand Solar Farms and Combat CO2 Emissions
> Ournetwork - Layer 2 Explosion: Over 300% Year-over-Year Growth and Emerging Trends
> WLFI - Plummets: $300M Fundraising Goal Slashed to $30M
> Immutable - Receives SEC Wells Notice Over Potential Securities Law Violations
> Tether - Reports $2.5 Billion Q3 Profit, Reserves Exceed $125 Billion
> Predicate - Policy and Legal Implications of Ethereum Inclusion Lists
> Ethereum Account Abstraction - Enhancing Wallet Functionality Through EOA Programmability
> Franklin Templeton - A Blockchain-Integrated Recordkeeping System Now Live on Base
> CryptoEternalAI - First On-Chain AI Agent Launches, Analyzes Truth_Terminal's X Feed
> ALL13 Demo Day - 11 Innovative Crypto
> Chainalysis 2024 Crypto Adoption Index - A Comparative Analysis of Southeast Asia and India's Cryptocurrency Markets
> Stablecoin - Market Analysis: 2024 Trends, Global Regulation, and Emerging Market Adoption
> The Agentic Web - A Growing Ecosystem of On-Chain AI Projects
> Our Network - Explosive Growth and Expansion in the EVM Ecosystem
> Ritual × StarkWare - Expanding the Boundaries of Decentralized Computing with AI
> Chaos Labs - Building Trust and Transparency in AI-Powered Prediction Markets
> ZKML x Mina - Revolutionizing Decentralized AI with Enhanced Privacy and Scalability
> MVB Season 8 - Accelerating Web3 Innovation on BNB Chain
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⭐️ BOOKMARKED
> 0xshake - Latency's Impact on Decentralized Applications
> Nairolf - Nillion Network: Secure Computation Without Decryption
> robbiepetersen_ - The Fat Wallet Thesis: Why Wallets Will Dominate the Crypto Economy
> variant.fund - Decentralizing Data Labeling: Sapien's Innovative Approach
> TopHat_One - Democratizing AI Agent Creation
> 0xlawlol - From $5k to $3M: My Crypto Journey
> michaelhanono - Unlocking the Potential of AI Agents: The Agentic Economy on the Blockchain
> 0xKawz - Timefun Migrates to Solana: A Culture-Driven Decision
> Boldyxyz - Consistent Profits Over 100x Gambles
> defi_monk - Dogecoin's Impact on the Memecoin Market: A Shifting Landscape
> Davidjpark96 - Sacrificing Everything: Reflections on Startup Success and Personal Loss
> jennyqcheng - Shuffle ($SHFL): A Hidden Gem in the Crypto Casino Market?
> bankless - Farcaster: The Next Hub for AI Agents?
> FourPillarsFP - Virtuals Protocol: A Deep Dive into the AI Agent x Crypto Revolution
> Defi0xJeff - The AI Agent Revolution: Two Key Trends Shaping the Future
————
⭐️ FUNDING⭐️
> Spire Labs - Raises $7M
> Citrea - Raises $14M
> Ellipsis Labs - Raises $20 Million
> Axal - Raises $2.5 Million in Pre-seed Funding
————
⭐️ TESTNET/ AIRDROP⭐️
> N/A
> Humanity's First Blind Computer
https://x.com/eli5_defi/status/1852259543008653502
https://x.com/davidtsocy/status/1852026917064487029?t=bW3aeLS5p9cwdFuR0g01Lw&s=19
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https://x.com/thegoodtimeline/status/1850730124271829436
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