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Standard Chartered’s Geoff Kendrick says solana’s price could potentially surge fivefold by the end of 2025 if Donald Trump wins the U.S. presidential election.In the case of a Kamala Harris win, Kendrick expects bitcoin to outperform ether, which, in turn, would outperform solana.
The SCR token, set to hit the Binance Launchpad in the coming weeks, will serve as “a primary governance mechanism” for the protocol and help decentralize its prover and sequencing systems.Scroll’s airdrop screenshot, or the last eligible date to use the protocol to receive a share of SCR tokens, will occur on Oct. 19.
Telegram-based game Notcoin and the memecoin project Dogs Community announced they will collectively burn $4 million of NOT and DOGS tokens.At current prices, it appears about 85% of the $4 million will come from burning DOGS tokens.
Share link:In this post: Bloomberg’s Eric Balchunas upset the Ethereum community by sharing a now-deleted post suggesting that the network could be easily shut down by disabling AWS servers. Ethereum advocates, including Anthony Sassano, slammed the claims as “misinformation” and accused Balchunas of misunderstanding how decentralized networks work. Despite 28.4% of Ethereum nodes being hosted on AWS, the network’s decentralized structure means it wouldn’t collapse even if those nodes went offline.
- 09:54OpenAI's largest data center secures $11.6 billion in fundingAccording to the Wall Street Journal: OpenAI's largest data center has secured $11.6 billion in funding, with each building expected to use up to 50,000 Nvidia Blackwell chips.
- 09:53Bitwise CIO: Stablecoin Legislation Could Pave the Way for a Multi-Year Bull Market in CryptoAccording to The Block, the U.S. Senate voted on Monday to advance landmark stablecoin legislation, with Bitwise Chief Investment Officer Matt Hougan stating that this move could pave the way for a prolonged bull market in crypto assets. He likened this development to a "marriage between Wall Street and the crypto industry." Senators voted 66 to 32 to advance the GENIUS Act, which received bipartisan support, including 16 Democratic senators who had previously opposed it but switched to support this week. Leaders in the crypto industry and legislators hailed this vote as a historic victory, believing it helps ensure the dominance of the dollar. However, following the procedural vote, lawmakers still need to vote on potential amendments before a final vote on the bill itself. Hougan wrote in a note to clients on Tuesday evening, "Politicians in Washington did the right thing. I don't want to get ahead of myself, but it looks like we will see the first fully passed crypto legislation in the U.S. this summer."
- 09:53Uniswap dismisses Bancor's patent infringement lawsuitUniswap Labs, the company behind the decentralized trading platform Uniswap, has dismissed the infringement lawsuit filed by Bancor in the Southern District of New York, stating that it is a "publicity stunt" amid the evolving regulatory landscape for crypto and DeFi in the United States. On Tuesday, Bancor announced that it is suing Uniswap Labs and the Uniswap Foundation, accusing them of infringing on its patented technology. Bancor claims that the Uniswap project has improperly used its "Constant Product Automated Market Maker" (CPAMM) infrastructure over the past eight years. (The Block)