19-07-2024

Author

Fernando Fierro
July 19, 2024

Howdy folks,

🚀💹Solana’s ecosystem is booming thanks to major partnerships with PayPal and Stripe. These integrations have driven significant network activity and confidence in Solana, with platforms like pump.fun collecting millions in fees.

Despite a 9% drop in Total Value Locked (TVL) in USD due to token price dips, Solana’s native token TVL grew by 26%, highlighting robust investment and engagement.

In other news:

🚀📈Bitcoin's trading volume has skyrocketed to $46.4 billion, placing it alongside credit card giants Visa and Mastercard, which handle $38.9 billion and $24.7 billion daily, respectively.

Despite this surge, Bitcoin still trails in volume compared to gold and the S&P 500, which see $162.6 billion and $253 billion in daily trading.

📉📈Wall Street giants like BlackRock and Fidelity are gearing up to launch Ethereum spot ETFs, with trading possibly starting as soon as July 23. This move could usher in a new era of institutional crypto investment.

The competition is fierce, and fee structures have been revealed: Franklin Templeton leads with a 0.19% fee, while others offer introductory waivers.

🚀🔄Polygon Labs has set September 4 for the MATIC to POL token migration, marking the first phase of transforming MATIC into a "hyperproductive token."

This migration will automate for holders on Polygon PoS, but those on Ethereum, zkEVM, and centralized exchanges might require specific actions to swap their tokens. Notably, POL's full functionalities, essential for the multichain staking layer, are anticipated to roll out by 2025, spotlighting future growth prospects.

DailyCoin Daily Meme

Why Grayscale’s Ether ETF Fee Strategy Has Come Under Fire

Excitement over final ether ETF S-1 filings has been eclipsed by outrage over Grayscale's fee strategy.

South Korea Enforces Crypto Investor Protection Law

South Korea’s crypto user protection law takes effect after one year of fine-tuning.

Engineer Deems SHIB, LUNC Burns too Slow for 1 Cent Dream

Shiba Inu’s 1 cent dream is still far away due to insufficient burning, a computer systems engineer reveals in a comparison to Terra Luna Classic (LUNC).

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DISCLAIMER: The content provided does not constitute financial advice. This newsletter is purely educational and should not be considered as investment advice or a recommendation to buy or sell any assets or make any financial decisions. Please exercise caution and do your own research.

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