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The fastest reporting in the crypto industry, brought to you in real-time, without compromising on quality 📰 Follow @BSCNheadlines too (DM for enquiries)
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The Influencer
Meet BSCN, the trendsetter of the crypto landscape, dishing out real-time, quality reporting that keeps followers on the cutting edge of the blockchain buzz! With over 56,000 tweets and a growing audience, BSCN connects crypto enthusiasts to the latest and greatest in the digital currency world.
BSCN tweets so fast that I'm convinced they have a personal relationship with their keyboard. Seriously, slow down, buddy—it’s not a crypto race; it’s a marathon!
BSCN successfully garnered attention for major crypto announcements, directly influencing market discussions and trends, showcasing their role as a key player in the digital currency dialogue.
BSCN’s life purpose is to empower individuals with accurate, timely information about cryptocurrencies, fostering a well-informed community ready to navigate the ever-evolving landscape of digital finance.
BSCN believes in transparency, quality communication, and the transformative power of decentralized technologies. They hold a conviction that knowledge is key to unlocking opportunities in the crypto space.
BSCN's strengths lie in their ability to synthesize complex information into digestible, engaging content while maintaining a finger on the pulse of the crypto market trends.
To grow their audience on X, BSCN should consider engaging more through interactive content like polls, Q&A sessions, or Twitter Spaces. These strategies can increase engagement and create a closer connection with their followers.
PI NETWORK RELEASES NODE VERSION 0.5.0 AS IT PREPARES FOR MAINNET LAUNCH
- The @PiCoreTeam has announced the release of Pi Node Version 0.5.0, as it prepares for a mainnet launch.
- The update will facilitate the transition to the Testnet2 blockchain for node operators.
- "Testnet2 provides a more compatible and comparable environment that Nodes will experience on the Mainnet blockchain", Pi Network said in an announcement on its website.
- Nodes can temporarily use the current Testnet. However, the Testnet will remain fully operational for Pioneers and Pi app developers, Pi Network added.
- The release of Node Version 0.5.0 will unlock the full breadth of the 200,000+ node network for all Pioneers and also the broader crypto community.
- Nodes are crucial to the decentralization of the Pi blockchain, as they contribute to Pi Network's vision for an Open Network phase.
- The mainnet launch is expected during the fourth quarter of this year.
[Images Generated by Grok]
FETCH AI AND INJECTIVE INTEGRATION PROPOSAL PASSES WITH 100% SUPPORT
- The ASI Alliance proposal for the integration of @Fetch_ai and @Injective has officially passed, securing a 100% “Yes” vote from all participants.
- This integration aims to leverage AI-driven solutions to enhance functionalities across both platforms. Here are the key details:
Key Details:
- The integration will harness Fetch(.)ai's machine learning and AI within Injective’s DeFi ecosystem. Users can reportedly expect streamlined trading, optimized asset allocation, and improved liquidity management.
- Contrary to previous speculations, this partnership keeps Fetch(.)ai and Injective operationally independent while benefiting from integrated functionalities.
- Earlier, Fetch(.)ai's community voted to swap the IBC protocol for Injective, enabling seamless cross-chain transfers.
- The community also approved a CUDOS network merger, set for October 27, allowing CUDOS to join the Artificial Superintelligence Alliance (FET).
- The recent announcement comes a few weeks after Paxos, a regulated financial services company, launched Wrapped $USDL (wUSDL) on Injective.
- Additionally, NTT Digital, the largest telecommunications company in Japan, officially joined Injective on Oct.8.
[Image Generated by BSCN using AI]
BABYDOGE EXPANDS TO SOLANA: DETAILS
- @BabyDogeCoin officially expanded to the Solana blockchain. This development comes after a proposal to launch on Solana passed with 100% community approval vote, last June.
What’s New?
- BabyDoge now has a live bridge website, allowing transfers between Ethereum (ETH), BNB Chain, and Solana.
- A small 1% fee will be applied to every bridge transaction. A portion of this fee will be used to burn BabyDoge tokens, adding a deflationary element to the token’s supply.
Why Solana?
- According to the BabyDoge team, Solana processes over 65,000 transactions per second (TPS), substantially faster than most blockchains. This ensures that BabyDoge users can enjoy quick, seamless transactions, even during high-demand periods.
- Per reports, Solana’s low transaction fees (as low as $0.00025) make it more cost-effective than Ethereum, especially for meme coins like BabyDoge, which often see high transaction volumes.
- Solana has rapidly become one of the most popular blockchain ecosystems, boasting over 1 million active users and $9.116 billion in TVL (Total Value Locked).
Images: BabyDoge and Solana X account
NEAR PROTOCOL ANNOUNCES PLAN TO BUILD WORLD’S LARGEST OPEN-SOURCE AI MODEL WITH 1.4T PARAMETERS
- @NEARProtocol unveiled an ambitious project to create the world’s largest open-source AI model.
- The 1.4 trillion parameter model, announced at the Redacted conference in Bangkok, will be 3.5 times bigger than Meta’s Llama model.
Key Details:
- The project will involve crowdsourced research via the NEAR AI Research Hub, starting with a 500M parameter model from Nov 10.
- Contributors will advance through seven progressively larger models, with the best participants taking on more complex tasks.
- Token sales will fund the expensive training, while encrypted Trusted Execution Environments will protect privacy and reward contributors.
Funding and Business Model:
- Near plans to raise $160 million through token sales to fund training and compute costs.
- Token holders will be repaid from inferences made by the model, reportedly creating a continuous reinvestment loop for future model development.
The Bigger Picture:
- Near Protocol is also experimenting with new AI applications. A cross-chain AI agent is in alpha, capable of launching memecoins in seconds and browsing the web to purchase products for fiat.
- Future functionality may include booking flights and ordering food from Web2 sites.
[Image generated by BSCN using AI]
21X PARTNERS WITH CHAINLINK IN PREPARATION FOR THE LAUNCH OF ITS EU-REGULATED FINANCIAL MARKET INFRASTRUCTURE
- Decentralized oracle network and blockchain abstraction layer @chainlink has announced its partnership with European DLT Exchange @tradeon21x to help accelerate its development in the financial market.
Leveraging the Chainlink Standard:
- 21X aims to launch an EU-regulated financial market infrastructure that will provide order matching, trading, settlement, and registry services for tokenized money and securities.
- Through the strategic partnership, 21X's on-chain trading, matching, and settlement system will leverage the Chainlink standard to enrich tokenized assets with high-quality data while facilitating cross-chain interoperability.
- 21X, in collaboration with Chainlink, will implement on-chain secondary market price feeds for bid and ask prices;
- This initiative represents a significant advancement as it will support the first EU-regulated distributed ledger technology (DLT) trading and settlement system, which is set to be launched under the oversight of BaFin, Germany's Federal Financial Supervisory Authority.
- Furthermore, 21X intends to make Chainlink's Cross-chain interoperability Protocol (CCIP) an integral part of its ecosystem, allowing users to access assets and stablecoins issued on numerous blockchain protocols.
- “By leveraging the Chainlink standard, 21X will ensure its matching and settlement system is underpinned by highly accurate and reliable market data, while CCIP will enable users to access a wide variety of assets from across the digital asset economy,” Chainlink Labs' Global head of Banking and Capital Markets said.
Images: Chainlink and 21X X accounts
INJECTIVE LAUNCHES ‘FIRST EVER’ TOKENIZED INDEX FOR BLACKROCK’S BUIDL FUND: DETAILS…
- @injective reportedly launched the ‘First Ever’ of the BlackRock BUIDL Index. This is the first perpetual index designed to track the supply of BlackRock's $BUIDL Fund.
Key Details:
- The new BUIDL Index allows for 24/7 exposure to tokenized assets like U.S. treasuries.
- Users can interact with the BUIDL Fund through on-chain financial instruments, offering accessibility to institutional-grade assets, per Injective.
- The BUIDL Index offers the option to take long or short positions, with leverage available on Injective’s native DEXs, including Helix.
- The index tracks the supply changes of BUIDL tokens, reflecting these fluctuations in real-time with a 1-hour TWAP to reduce volatility.
- BUIDL Index allows users with as little as $1 to access BlackRock's tokenized fund, previously available only to institutional investors.
Image: Injective on X
CHAINLINK, SWIFT AND UBS COMPLETES PILOT TO CONNECT TOKENIZED ASSETS TO TRADITIONAL PAYMENT SYSTEMS
- @Chainlink, SWIFT and UBS Asset Management successfully completed pilot project aimed at integrating tokenized assets with existing payment systems.
Key Highlights:
- The pilot focused on settling tokenized fund subscriptions and redemptions using the SWIFT network.
- It facilitates digital asset transactions, connecting with over 11,500 financial institutions across more than 200 countries.
Addressing Inefficiencies:
- Traditional fund operations often suffer from manual processes, delayed settlements, and a lack of transparency. These issues reportedly lead to increased costs and missed investment opportunities in the $63 trillion global mutual fund market.
- The new system aims to automate the entire lifecycle of fund transactions, enhancing efficiency.
- Per reports, financial institutions can streamline subscription and redemption processes using blockchain technology and Chainlink's platform without requiring the global adoption of on-chain payments.
Part of a Larger Initiative:
- The pilot is linked to MAS' Project Guardian, which promotes liquidity and efficiency in financial markets through asset tokenization.
- This initiative also involves collaboration with SBI Digital Markets to develop a digital subscription and redemption system for tokenized funds.
- Just recently, Chainlink partnered with Euroclear and Swift to address the complexities of unstructured data in the financial sector.
- This initiative streamlines corporate actions data management by integrating advanced technologies like artificial intelligence (AI), decentralized oracles, and blockchains.
[Image generated by BSCN using AI]
RIPPLE UNVEILS A CRYPTO CUSTODY SERVICE FOR FINANCIAL INSTITUTIONS
- In a bid to diversify beyond its core payments services, @Ripple has announced the launch of a new crypto custody service.
- The service will assist banks and financial technology firms in storing digital assets for their clients.
- Ripple's new offerings include pre-configured operational and policy settings...
- ... integration with the XRP Ledger blockchain and anti-money laundering monitoring.
- "With new features, Ripple Custody is expanding its capabilities to better serve high-growth crypto and fintech businesses with secure and scalable digital asset custody”, said Aaron Slettehaugh, Senior Vice President of Product at Ripple, per CNBC.
- Custodians are crucial in the cryptocurrency ecosystem as they safegaurd private keys needed for accessing digital assets and they also facilitate trading and payments.
- Ripple Custody has reported over 250% customer growth year-over-year and operates in seven countries, with major clients like HSBC and DBS Bank.
-Last year, Ripple acquired Metaco, a firm which specializes in crypto storage solutions and Standard Custody & Trust Company, to enhance its custody offerings.
[Images Generated by Grok]
FLOKI ANNOUNCES SUPPORT FOR ‘GRAFUN’ MEMECOIN LAUNCHPAD
- @Grafunmeme, a new memecoin launchpad and trading platform on the @BNBChain, is set to launch on Sept. 27.
- Expecting to enhance its reach in the BNB Chain memecoin market, @RealFLokiInu has announced support for GraFun…
- …and $Floki will receive 40% ownership, as well as 40% of the revenue generated from the launchpad in return.
- GraFun has garnered support from the likes of $Floki, @DeXeNetworkl, HOT Protocol and @DWFLabs.
- According to FLOKI’s official post, GraFun has already accrued some 3.9 million whitelisted users.
- $Floki commented that: “GraFun is a highly anticipated memecoin and trading platform for the BNB Chain”.
- Similar to @Solana ‘s @Pumpdotfun, GraFun uses a bonding curve mechanism that enables anyone to launch a memecoin at a low cost.
[Image Floki]
HAMSTER KOMBAT $HMSTR AIRDROP TO BE “LARGEST IN CRYPTO HISTORY” - MORE DETAILS EMERGE
- According to a report released just now by Cointelegraph, more details have been revealed around Telegram sensation @hamster_kombat’s upcoming $HMSTR airdrop.
- The project’s mini-app has now been updated (as of Aug 8) explaining how players can maximise their token allocations…
Accruing ‘Points’…
- The app currently lists six ways to accrue airdrop points. Those being…
(1) Passive Income
(2) Earn Tasks
(3) Friends
(4) Achievements
(5) Telegram Subscriptions
(6) Keys
- However, details on precisely what these six elements entail are still ‘TBA’.
- That said, a representative of Hamster Kombat did tell Cointelegraph that…
“More players within the game will lead to higher capitalization and, consequently, larger rewards for everyone. The upcoming $HMSTR airdrop is set to be the largest in crypto history. And we don’t have any venture capital investors. The only way to get the token is to play.”
- The Telegram/TON ecosystem has outshone just about any other in the industry so-far in 2024, and Hamster Kombat itself has set records…
- … reaching an incredible 100 million users in the space of just two months.
- However, whether or not the project really can conduct the largest airdrop in history, is still to be determined.
- As reported by Cointelegraph, that spot is currently held by @Uniswap and its $UNI airdrop, which reportedly saw some $6.43 billion worth distributed, taking ATH prices…
Image: Hamster Kombat X/Twitter
FLOKI SOARS TO 5-MONTH HIGH AFTER COINBASE ANNOUNCEMENT
- @RealFlokiInu $FLOKI, the dog-themed Ethereum meme coin, surged 21% in under an hour after Coinbase revealed plans to add it to its listing roadmap, reaching a five-month high of $0.00027.
- This announcement followed a week of exciting partnerships and updates from the Floki official team that included a partnership with the Mall of the Emirates and a Kick F1 Sim partnership
- Floki launched in 2021 and recently saw a new ATH just under $3B in June of this year, the token is currently up 89% for the week
- Despite the recent listings of popular memecoins on coinbase like $PEPE and $WIF, $FLOKI has built true utility, a launchpad for other projects, and even a paly-to-earn game named Valhalla
[images taken from X]
BINANCE FOUNDER CZ’S $BNB HOLDINGS REVEALED - 64% OF CIRCULATING SUPPLY?!
- In a today report, Forbes claimed to have discovered @CZ_Binance’s personal $BNB holdings - and the findings are shocking…
- According to Forbes, the former-@Binance CEO holds…
- An estimated 94 million $BNB tokens
- At today’s prices that’s equal to around $56.6 billion
- It would also mean that CZ’s holdings are equivalent to 64% of the ~148 million $BNB tokens in circulation today.
- Forbes also estimates that Binance holds 71% of $BNB’s supply.
- Forbes says that CZ’s total net worth is approximately $61 billion.
- This makes him the 24th richest person in the entire world.
- Much of CZ’s wealth also stems from his 90% stake in the Binance exchange.
- Binance itself is valued at around $33 billion.
Image: Fortune
PI NETWORK RELEASES NODE VERSION 0.5.0 AS IT PREPARES FOR MAINNET LAUNCH
- The @PiCoreTeam has announced the release of Pi Node Version 0.5.0, as it prepares for a mainnet launch.
- The update will facilitate the transition to the Testnet2 blockchain for node operators.
- "Testnet2 provides a more compatible and comparable environment that Nodes will experience on the Mainnet blockchain", Pi Network said in an announcement on its website.
- Nodes can temporarily use the current Testnet. However, the Testnet will remain fully operational for Pioneers and Pi app developers, Pi Network added.
- The release of Node Version 0.5.0 will unlock the full breadth of the 200,000+ node network for all Pioneers and also the broader crypto community.
- Nodes are crucial to the decentralization of the Pi blockchain, as they contribute to Pi Network's vision for an Open Network phase.
- The mainnet launch is expected during the fourth quarter of this year.
[Images Generated by Grok]
RADIANT CAPITAL HIT BY $50 MILLION EXPLOIT ACROSS BNB AND ARBITRUM NETWORKS
- $50M EXPLOIT ACROSS BNB AND ARBITRUM: @RDNTCapital suffered a massive exploit on Wednesday, losing approximately $50 million across $BNB Chain and Arbitrum, with hackers targeting lending pools containing $USDT, $USDC, and $ARB.
- BNB CHAIN FIRST HIT: Blockchain security firm @AnciliaInc flagged suspicious activity on Radiant’s BNB smart contract, showing $16 million siphoned from Radiant’s markets before the hack spread to Arbitrum.
- RAPID RESPONSE FROM RADIANT: Radiant confirmed the breach, halted Ethereum and layer-2 Base markets, and urged users to revoke permissions to smart contracts via @.
- ONGOING SECURITY MEASURES: Radiant is working with security partners SEAL911, Hypernative, ZeroShadow, and Chainalysis to mitigate the damage and investigate the issue.
- SECOND EXPLOIT THIS YEAR: This is not Radiant’s first breach—back in January, the protocol lost $4.5 million in a flash loan-based attack on Arbitrum, raising concerns over its security.
[image generated by grok]
SEC TO CLASSIFY ETHER AS SECURITY, SAYS MICROSTRATEGY'S MICHAEL SAYLOR
- Michael @Saylor, the executive chair of @MicroStrategy, predicts that the SEC will categorize Ether $ETH and several other cryptocurrencies, including $BNB, $SOL, $XRP, and Cardano $ADA, as unregistered crypto asset securities.
- Saylor made these speculations during MicroStrategy’s Bitcoin For Corporations conference, suggesting that the SEC would reject the listing and trading of spot Ether ETFs
- According to Saylor, the SEC is likely to treat Ether as a crypto asset security rather than a commodity under the purview of the U.S. Commodity Futures Trading Commission (@CFTC), a move that could impact the acceptance of Ether by mainstream institutional investors.
- Concerns arise as experts await the SEC's decision on whether to approve spot Ether ETFs, with significant deadlines for ETF applications from @vaneck_us and ARK Invest approaching on May 23 and May 24, respectively.
- The SEC's interest in Ether's classification as a security dates back to March 2023, as revealed in unredacted portions of a lawsuit filed by Consensys. SEC Chair Gary Gensler has refrained from directly addressing questions regarding Ether's security status despite previous statements suggesting otherwise.
- Saylor, known for his advocacy of $BTC and MicroStrategy's significant BTC holdings, remains a prominent figure in the cryptocurrency space, with the company holding 214,400 BTC valued at over $13 billion as of April 30.
HUMA ATTRACTS $38M INVESTMENT IN EQUITY AND RWAS
- The first ‘PayFi’ network @HumaFinance has today announced the close of a $38 million funding round.
- The $38 million was collected across $10 million worth of equity investment and $28 million via yield-bearing assets on the platform itself, per CoinDesk.
- The equity element of the raise was led by Distributed Global but also saw commitments from ParaFi Capital, Folius Ventures, Hashkey Capital, as well as Turkey’s largest private bank, and several others.
- According to the co-founder of Huma, Richard Liu…
"The surge of interest we're seeing right now is a testament to PayFi’s potential. As more partners join us every week, it's clear that PayFi is quickly becoming the new frontier of RWA”
- The project itself is a response to a widening liquidity gap that exists in traditional payment financing.
“PayFi aims to address this giant liquidity gap by bringing trillions of dollars of real world payment volume over to blockchains and stablecoins… Huma has built the first ever PayFi network with all of these use cases in mind, adopting an open, modular and decentralized approach to empower interoperable solutions across participants. By bringing the best of RWA, Payments, and DeFi together, Huma is creating a network that is far more efficient and accessible than traditional alternatives”, reads a blog post
- The funding is, in part, going to facilitate the expansion of Huma to both the Solana blockchain, as well as Stellar's Soroban network, “The Stellar Development Foundation [having] provided a $10 million investment”.
"Moving money quickly and cheaply across borders is at the core of what the Stellar network does best. PayFi is providing real world utility that solves problems for people and companies, and it is the type of project tailor-made for the Stellar network”
… said Denelle Dixon, CEO of the Stellar Development Foundation.
- Huma’s blog post also confirms plans to launch its official Huma Foundation later in 2024 - “a pivotal move to decentralize its PayFi network and broaden global access, further solidifying its leadership in the RWA space”
Image: Huma Finance
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Every time I see your notifications, I wonder if I should reach for my controller or my coffee!","win":"One of Vahn's biggest wins was leading the development of the hit Indie game that not only gained massive popularity but also garnered a loyal fanbase that engages deeply with the studio's work.","recommendation":"To grow their audience on X, Vahn should capitalize on their storytelling ability by sharing behind-the-scenes content and personal anecdotes about game development, creating engaging threads that spark conversation and encourage retweets."},"created":1733178801506,"type":"the influencer","id":"davidvonderhaar"},{"user":{"created_at":"Mon Aug 01 06:24:46 +0000 2011","default_profile":false,"default_profile_image":false,"description":"NO.1 GUJARATI NEWS CHANNEL. Follow us for breaking news & updates from Gujarat & India. 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SuperX
