Solana Memecoin Season

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Solana is feeling the fun with the memecoin frenzy back, seeing nearly $150M raised over the weekend for random memecoin projects 🤯

If you are sending SOL to contract accounts, triple check if they are legit! As you’ll see below, with all the hype, there are an exponential amount of impersonators rugging and scamming people.

Keep on Scrolling for more headlines on new regulations, funding, and other web3/crypto/blockchain updates ⛓

• Solana becomes 4th largest cryptocurrency, flipping BNB, with $SOL reaching $205 (WG)

• Solana memcoin presales surpass $100M in just 3 days (CT)

• Binance launches internal investigation for $BOME insider trading (CN)

• The Philippines are seeing a major comeback for crypto & blockchain interest (NYT)

• EigenLayer announces multi-phased mainnet launch (BN)

• 7 Day Market Map: Crypto takes a major hit across the board, with a few outliers

• Decima Fund announces ¥4.5B Fund for Japanese web3 startups (BN)

• Metacene closes $10M round to revolutionize blockchain gaming (CPOL)

• $10B Binance Labs officially spins out of Binance as independent investment company (BLOCK)

• AI-blockchain startups may be winning investors over in 2024 (CT)

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• United States Department of Justice believes Sam Bankman-Fried should spend 40+ years in prison and FTX should pay $11B fine (CD)

• Nigeria’s SEC to hike crypto exchange registration fees 5x (CT)

• Dubai passes comprehensive security law including digital assets (CT)

• Pakistan gets heat to tax crypto and real estate (CN)

• European Parliament approves new sanctions law, involving freezing assets (including crypto) (CD)

• Courts officially deem Craig Wright to not be Satoshi Nakamoto (BMAG)

• Mozaic Finance, a yield farming application, lost $2.4M through a private key compromise (CT)

• With account impersonations on the rise for memcoins, one impersonator was able to phish $2.7M, with one individual losing $1.2M (@zachxbt)

• Crypto ‘Mixer’ found guilty of $400M+ money laundering scheme via Bitcoin Fog (BBG)

• Activision Blizzard X (Twitter) account was hacked and scammed 5 figures in fake Solana project (DT)

• Base sees 2M+ daily transactions following Dencun Upgrade (CT)

• Community complaints force Ether.Fi to adjust token allocation in airdrop today (BLOCK)

• Ethereum fees continue to drop, seeing hype for utilization this cycle (F)

• Canadian payments company Mogo has added $5M of Bitcoin and Bitcoin ETFs to diversify its portfolio (NBTC)

• Standard Chartered Bank increases End of Year Bitcoin predictions: 2024 = $150k and 2025 = $250k (WG)

• Starbucks is shutting down its Polygon-based NFT-rewards system (@DegenerateNews)

• Solana daily decentralized exchange (DEX) volume surpassed $3.5B for first time ever (WG)

• Investor Andrew Kang purchases original Pepe NFT from 3AC in Sotheby’s sale (BLOCK)

• The original Dogwifhat picture (Achi) sold for $4.3M (@thedropnft)

• Flipside report on 62M new users across 8 different blockchains (CS)

• How Book of Meme ($BOME) became the latest billion-dollar memecoin (NBTC)

• Is Joe Biden quietly killing crypto? (F)

• The cost of Bitcoin mining, post-halving (BB)

• Bitcoin Halving and market impact - detailed (CP)

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