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Memeland has introduced Stakeland, the social staking protocol.
Stakeland is a community-first Social Staking Protocol built by the team behind Memecoin, Memeland, and 9GAG.
It is a platform that allows users to stake their crypto assets, such as MEME or other coins, to earn new tokens from promising new projects.
How does Stakeland work?
▫️Users stake MEME and other crypto assets to get Steaks
▫️Steaks are "burnt" for new tokens launched on Stakeland
▫️Users participate in simple and fun quests to learn more about the new projects
▫️New projects get a community of engaged and informed holders (not bots) as their early supporters
▫️New projects can avoid the low-quality and mercenary-like farmers who actually don't care about what they are building
▫️New projects can reach ~1 million on-chain holders at the lowest cost and effort possible
https://twitter.com/Memeland/status/1767282844928450954
Bernstein analysts said that they were now more convinced about bitcoin (BTC) hitting $150,000 by mid-2025 after the largest digital asset rallied to reach a new all-time high this year.
The broker said investors should buy bitcoin mining stocks to gain exposure to the coming rally.
https://www.coindesk.com/business/2024/03/11/bernstein-is-now-more-convinced-that-bitcoin-will-hit-150k-after-massive-rally/
Chairman and CEO of JPMorgan Chase Jamie Dimon: “I won’t personally ever buy a bitcoin.”
https://www.cnbc.com/2024/03/11/jpmorgans-dimon-says-he-sees-a-little-bit-of-a-bubble-in-equity-markets-right-now.html
VanEck is waiving all trading fees for its Bitcoin ETF until March 31, 2025 or until the Trust’s assets exceed $1.5 billion.
https://twitter.com/vaneck_us/status/1767227350108794991
The daily number of new addresses on the Solana blockchain has reached an all-time high, according to The Block’s Data Dashboard.
The daily count of new addresses on the Solana network, based on a seven-day moving average, now stands at over 691,000.
https://www.theblock.co/post/281733/solana-registers-all-time-high-in-daily-new-addresses
The XRP price has increased by 17%.
https://dropstab.com/coins/ripple
KuCoin will list zkLend (ZEND).
Trading: 10:00 on March 14, 2024 UTC.
zkLend is permissionless money-market protocol natively powered by Starknet.
zkLend has announced the ZEND airdrop SZN 1.
For ZEND Airdrop SZN 1, zkLend is distributing 3,890,250 ZEND tokens (approx. 4% of its total supply) to 42,695 of its early supporters.
Claims will open on March 14, 2024, at a time to be updated. 25% of the airdrop claims will be unlocked immediately on March 14, with the remainder to be linearly vested over the course of 90 days, ending on June 12, 2024.
https://x.com/zklend/status/1767127071883485194
https://x.com/zklend/status/1767192251594137760
Pavel Durov said Telegram was valued at $30bn ahead of a possible IPO.
The TON price has increased by 10%.
https://www.ft.com/content/8d6ceb0d-4cdb-4165-bdfa-4b95b3e07b2a
MicroStrategy completes $800 Million offering of Convertible Notes at 0.625% Coupon and 42.5% Conversion Premium.
MicroStrategy has acquired an additional 12,000 BTC for ~$821.7M using proceeds from convertible notes & excess cash for ~$68,477 per bitcoin. As of 3/10/24, MSTR hodls 205,000 BTC acquired for ~$6.91B at average price of $33,706 per bitcoin.
https://x.com/saylor/status/1767151492010508566
https://x.com/saylor/status/1767158870294605904
💧Top Funding Rounds in the Last Week
👉 https://dropstab.com/insights/latest-fundraising-rounds
Bitcoin has overtaken silver in terms of market capitalisation.
https://companiesmarketcap.com/assets-by-market-cap/
🔥ETH has reached $4K.
https://dropstab.com/coins/ethereum
🔥BTC has hit a new all-time high above $71,300.
Bitcoin is now trading at $71,340.
https://dropstab.com/coins/bitcoin
K Bank, a South Korean neobank that has seen rapid growth thanks laregely to its crypto operations, is set to make an initial public offering (IPO) bid.
https://cryptonews.com/news/south-koreas-crypto-keen-k-bank-aims-for-ipo-amid-btc-boom.htm
On March 10, 2024, a group of 80 dormant bitcoin (BTC) wallets, inactive for over eight years, sprang into action moving 2,352.62 BTC (~$163M).
https://news.bitcoin.com/bitcoin-whale-from-2015-moves-sleeping-bitcoins-worth-163m-as-historic-wallets-wake-up/
MetaMask is testing a Mastercard payment card, which it says is the first entirely on-chain card.
Issued by Baanx, the card will let users spend crypto "on everyday purchases, everywhere cards are accepted," according to marketing materials CoinDesk reviewed.
https://www.coindesk.com/business/2024/03/11/with-mastercard-metamask-tests-first-blockchain-powered-payment-card/
Coinbase asks appeals court to direct SEC to begin writing rules for crypto.
The Securities and Exchange Commission violated the Administrative Procedures Act by not engaging in rulemaking and for not providing a detailed reason why it denied Coinbase’s rulemaking petition, the exchange argued.
https://www.theblock.co/post/281815/coinbase-asks-appeals-court-to-direct-sec-to-begin-writing-rules-for-crypto
Wormhole has released Airdrop Details.
Snapshot Taken: February 6, 2024, 23:59 UTC
Total Qualified Wallets: 400,000+
Total Airdrop Supply: 678,823,000 W, representing 6.78% of the total supply.
Distribution Breakdown:
▫️Onchain Users: Approximately 81% of the airdrop supply (roughly 549 million W).
▫️Community Groups: Approximately 19% of the airdrop supply (roughly 129 million W).
https://wormhole.com/from-eligibility-to-sybil-detection-a-deep-dive-into-wormholes-multichain-airdrop/
L2 gas costs after Ethereum Dencun upgrade
https://app.intotheblock.com/perspectives/dencun_upgrade
Investment firm BlackRock hired former GSR research analyst Matt Kunke as a director and product strategist focused on iShares digital assets ETFs.
At GSR, Kunke predicted in January that Ethereum ETFs had a 75% chance of approval by May.
https://www.theblock.co/post/281687/blackrock-hires-gsr-research-analyst-who-predicted-75-chance-of-spot-ether-etf-approval-by-may
Layer 2 developer Eclipse Labs has raised a $50 million Series A funding round co-led by Placeholder and Hack VC, bringing the total capital raised to $65 million.
The funding round saw participation from other investors including Polychain Capital, Delphi Digital, Maven 11, DBA, and Fenbushi Capital. Additional strategic contributions came from Flow Traders, GSR, Apollo Global Management, and OKX Ventures. The firm did not disclose its latest valuation.
This freshly raised capital will be used by the project to develop an Ethereum Layer-2 solution using the Solana Virtual Machine (SVM).
https://www.theblock.co/post/281566/eclipse-labs-raises-50-million-in-series-a-funding-ahead-of-expected-q2-mainnet
The Starknet Foundation has announced the formation of its Gaming Committee.
Comprised of six experts, the Committee's mandate is to promote the growth of gaming on Starknet.
50M STRK ($123M) has been allocated for the initiative.
https://www.starknet.io/en/content/gaming-committee-launch-advancing-starknets-gaming-ecosystem
Gotbit Hedge Fund has announced its seven-figure investment in 5ire, a layer-1 EVM compatible smart contract platform.
This investment highlights Gotbit Hedge Fund commitment to promoting innovation in AI, Perp DEX, and RWA projects. It's exemplified by its backing of 5ire $10 million grant program.
5ire is currently trading on exchanges: Bybit, Gate, Mexc, Bingx, Uniswap.
https://x.com/gotbit_io/status/1762114589162942692
🔥Bitcoin has reached $72.2K.
BTC is now trading at $71.5K.
https://dropstab.com/coins/bitcoin
Bitget Wallet introduces BWB.
https://twitter.com/BitgetWallet/status/1767130883419672902
Elon Musk: “This week, xAI will open source Grok”.
The GROK price has increased by more than 60%.
https://twitter.com/elonmusk/status/1767108624038449405
Binance will list Metis (METIS) at 2024-03-11 12:00 UTC.
Metis is a permissionless ETH L2 that utilizes optimistic rollup as their underlying scaling solution.
After the news, the METIS price has increased by more than 25%.
https://www.binance.com/en/support/announcement/binance-will-list-metis-metis-with-seed-tag-applied-a73748f501dc48f6ba3d68d724052492
Crypto Market Daily Review ☀️
The market is down. Market cap is $2.62T. Bitcoin is trading at $68.5K
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BlackRock Bitcoin ETF now holds more BTC than MicroStrategy.
According to data from BitMEX, BlackRock's IBIT now has nearly 198,000 Bitcoin, outpacing MicroStrategy’s holdings.
https://cointelegraph.com/news/blackrock-bitcoin-etf-holds-more-btc-microstrategy
https://x.com/bitmexresearch/status/1766359858893262958
An ArbitrumDAO proposal to donate up to $1.28 million in crypto toward Tornado Cash developers Roman Storm and Alexey Pertsev's fight against criminal charges has been deleted by its author, as token holders voiced concerns over whether such a donation might pose legal risks, sources familiar with the matter told The Block.
https://www.theblock.co/post/281535/arbitrum-dao-revokes-proposal-for-million-dollar-donation-to-tornado-cash-devs-over-legal-concerns