Bitcoin’s surge past $90,000 has reignited interest across the cryptocurrency market, setting the stage for altcoins to capture fresh momentum. Fueled by optimism around the Trump administration’s pro-crypto stance, Bitcoin’s recent gains have sparked investor enthusiasm for top altcoins poised to benefit from this rally. Since November 5, the broader market has gained significant traction, with key assets making impressive strides alongside Bitcoin. Here are the trending altcoins to watch as this bullish wave creates new growth opportunities.   Quick Take  Ethereum (ETH) surged to $3,400 on strong ETF inflows and DeFi activity, with potential to reach $4,000 as spot Ether ETFs gain traction among institutional investors. Peanut the Squirrel (PNUT) rallies 800% in a week, making the most of the upbeat market sentiment and renewed attention on memecoins, especially political-themed ones.  Dogecoin (DOGE) rose to $0.43, driven by Trump’s announcement of a “DOGE” department co-led by Elon Musk, which has intensified retail interest in the memecoin. XRP (XRP) gained 15% on hopes of a regulatory resolution with the SEC, bolstered by speculations of Trump administration support, and could rally further with a favorable outcome. Cardano (ADA) increased 35% as founder Charles Hoskinson engages with U.S. policymakers; upcoming upgrades like the “Chang” hard fork aim to enhance Cardano’s governance and scalability. Bonk (BONK) flashes “GOD candle,” signaling a continuation of its rally to new gains in the short-term.  Ethereum (ETH): ETF Inflows and DeFi Expansion Fuel Growth ETH/USDT price chart | Source: KuCoin   Ethereum has rallied over 37% this past week, climbing to a peak of $3,400 amid surging institutional demand and a renewed wave of activity in decentralized finance (DeFi). Ethereum’s rally has been bolstered by spot Ether ETFs, which have seen inflows nearing $295 million, with Fidelity’s Ether ETF leading the pack. This influx of institutional capital is helping narrow the performance gap between Ethereum and Bitcoin, as Ethereum’s utility continues to grow through DeFi and broader blockchain applications. With Vitalik Buterin recently discussing Ethereum’s ambitions to combine finance and information systems, the platform’s dual focus is drawing heightened interest from institutional and retail investors alike.   As analysts eye $4,000 as Ethereum’s next price milestone, additional catalysts may come from a potential SEC approval of U.S.-based spot Ether ETFs, which could further fuel demand. DeFi applications on Ethereum are also seeing a marked increase in active addresses and transaction volumes, signaling broader engagement and reinforcing the network’s position as a decentralized finance leader. Ethereum’s expanding role in the market, coupled with increasing institutional interest, points to a robust growth outlook as we head into 2024.   Read more: What Is The Surge Phase in Ethereum 2.0 Upgrade? Peanut the Squirrel (PNUT) Gains Over 800% in a Week After CEX Listings  PNUT/USDT price chart | Source: KuCoin   Peanut the Squirrel (PNUT) has emerged as one of the top-performing memecoins, rallying over 800% within a week and attracting significant attention from traders and crypto enthusiasts alike. Launched on Solana, PNUT skyrocketed after being listed on KuCoin and Binance, with its trading volume exceeding $1.1 billion in 24 hours. Initially created as a tribute to Peanut, an internet-famous squirrel whose controversial euthanization became a political flashpoint during the U.S. election, PNUT’s story quickly resonated with the public, gaining support from Trump supporters and fueling its popularity beyond crypto circles. This surge in interest has catapulted PNUT’s market cap to over $442 million, making it one of the most discussed memecoins on Solana.   The momentum behind PNUT is fueled not only by its unique backstory but also by a growing investor base, which has now surpassed 45,000 holders globally. Analysts predict that the coin could see further growth, with some forecasting a target market cap between $10 billion and $20 billion if the current trajectory holds. Technical indicators support this bullish outlook, with higher lows forming on the chart—a signal that buyer interest remains strong. While some traders anticipate PNUT could even surpass memecoins like PEPE, only time will tell if this squirrel-themed token can maintain its upward momentum and become one of the dominant players in the memecoin market.   Read more: Top Solana Memecoins to Watch in 2024 Dogecoin (DOGE): Trump’s “DOGE” Department Boosts Memecoin Market DOGE/USDT price chart | Source: KuCoin   Dogecoin has been one of the biggest winners in the postelection rally, surging over 200% in just three weeks. Trump’s recent announcement of the Department of Government Efficiency, cheekily referred to as the “DOGE” department, has reignited interest in the original memecoin. The new department will be co-led by Tesla CEO Elon Musk, an avid supporter of Dogecoin, alongside Vivek Ramaswamy. The announcement has led to a wave of speculation that Musk’s influence could shape pro-crypto policies in the U.S. government, adding to Dogecoin’s appeal among retail investors. As a result, Dogecoin reached a peak of $0.43, its highest level in years.   Technical analysts have pointed out that Dogecoin’s current rally may still have room to grow, with targets ranging as high as $2.40 or even $18 under favorable market conditions. With DOGE riding high on speculation and retail enthusiasm, its bullish structure appears to be consolidating for further gains. This renewed momentum has set Dogecoin apart as a strong contender in the meme coin space, making it a high-risk, high-reward asset for those willing to capitalize on market volatility.   Read more: Dogecoin Soars 80% in 1 Week as Trump Introduces 'DOGE' Department, Backed by Musk and Ramaswamy Cardano (ADA): U.S. Policy Influence and Network Upgrades Drive ADA Surge ADA/USDT price chart | Source: KuCoin   Cardano has also been a notable performer in the wake of Trump’s election, with ADA gaining 35% to reach its highest price in weeks. This rally comes as Cardano founder Charles Hoskinson announced his active engagement in shaping U.S. cryptocurrency policy. With the Trump administration likely to take a friendlier stance on blockchain technology, Cardano’s proactive involvement in regulatory discussions positions it as a unique asset within the crypto space. ADA’s price increase reflects growing confidence in Cardano’s ability to navigate the evolving regulatory landscape and potentially influence favorable outcomes for the broader blockchain ecosystem.   Technological advancements are further strengthening Cardano’s outlook. The network’s upcoming “Chang” hard fork, scheduled for December, introduces community-driven governance mechanisms, empowering ADA holders with voting rights and enhancing decentralization. Additionally, the planned Ouroboros Leios upgrade aims to improve Cardano’s scalability and transaction speed, making it more competitive with other major blockchains. With a commitment to regulatory engagement and network improvements, Cardano is poised for a sustained rally, potentially positioning ADA as a major player in the next phase of market growth.   Read more: Cardano Chang Hard Fork: All You Need to Know Ripple’s XRP: Trump Administration Rumors and Regulatory Optimism Drive Rally XRP/USDT price chart | Source: KuCoin   XRP has rallied over 15% amid rumors that Ripple executives may be working with the Trump administration to resolve ongoing regulatory challenges with the SEC. The potential for a favorable outcome has excited investors, with XRP reaching $0.74, a level it has not seen in months. The renewed optimism is reflected in XRP’s futures open interest, which has surged significantly, indicating strong investor confidence in the asset’s upward trajectory. Analysts believe that a positive resolution with the SEC could be a game-changer, providing XRP with regulatory clarity that could drive substantial price gains.   Moreover, technical indicators point to strong bullish momentum for XRP, as it has consistently outperformed other major cryptocurrencies in recent sessions. The prospect of Trump’s administration creating a more crypto-friendly environment has made XRP a favored asset, especially among investors looking to hedge against regulatory uncertainty. If XRP can maintain its current momentum, analysts predict that it could rally toward $1.00 or beyond, solidifying its position as a major player in the altcoin market. Bonk Rallies as “GOD Candle” Signals Room for Potential Gains  BONK/USDT price chart | Source: KuCoin   Bonk (BONK), a Solana-based memecoin, has recently captured market attention with a 23% surge, breaking past a key resistance at $0.000025. This upward momentum, driven by what analysts refer to as a “GOD candle,” has positioned BONK as a contender in the current altcoin rally. Following this breakout, BONK reached a peak of $0.000034, suggesting that the meme token could be on the cusp of a broader bullish trend. Strong MACD alignment reinforces this momentum, indicating substantial buying interest that may push BONK toward its next resistance level at $0.000045.   The market response has been bolstered by BONK’s recent listing on Binance US, significantly boosting its trading volume on decentralized exchanges (DEXs) to over $60 million in two days. Technical indicators, such as a bullish golden cross between the 50-day and 200-day moving averages, signal potential for sustained growth. However, with high volatility in play, market watchers remain cautious. The price needs to stay above $0.000026 to confirm a bullish continuation, with analysts eyeing a potential year-to-date high of $0.000044 if the current trend persists. Conclusion Bitcoin’s correction today has seen it retrace slightly, now trading around $86,000, yet strong fundamentals across the crypto market signal continued momentum for altcoins. With the Trump administration hinting at potential pro-crypto policies, investors are closely watching how upcoming regulations might fuel or temper this rally. Altcoins like Ethereum, Dogecoin, XRP, PNUT, and BONK are positioned to capture gains, each backed by unique fundamentals or significant speculative interest. Though the market’s high volatility calls for cautious optimism, institutional backing and supportive U.S. policies could indeed usher in one of the most transformative phases in crypto history.   Read more: PayPal Integrates LayerZero, Trump Appoints Musk to Lead DOGE and More: Nov 13

Bitcoin is once again in the spotlight. With the U.S. presidential election heating up, Bitcoin hit an all-time high of above  $75,000 on the election  day, driven by heightened volatility and speculation around election outcomes. While Bitcoin grabs the headlines, several other altcoins are also experiencing surges, driven by election-related optimism and broader market interest. Let’s explore the top altcoins to keep an eye on today.   Quick Take BTC reaches a new all-time high of above $75,000 before sliding lower, responding to early election results. Riding high on election-driven momentum, SOL's strong DEX volume has positioned it for a rally toward the $200 mark, supported by a robust technical setup and increased network activity. Surging 25% as Trump’s election odds rise, DOGE capitalizes on cultural ties and positive sentiment. Breaking key resistance levels, DOGE could reach new highs if the bullish momentum holds. Tracking the S&P 500, ETH shows potential for significant gains. Analysts speculate that ETH’s correlation with traditional markets could propel it toward new all-time highs, with whales accumulating in anticipation. With a 5% bounce at triangle support, SUI hints at a breakout above its symmetrical triangle. If it surpasses resistance, SUI could target a new high near $3, riding on a promising technical setup. Growing transaction volume across multiple industries reflects increased adoption. LTC’s technical signals indicate potential price targets between $72 and $108, with recent activity suggesting it’s becoming a go-to payment method for various sectors. Solana (SOL) SOL/USDT price chart | Source: KuCoin    Solana continues to stand out in the crypto market, driven by impressive decentralized exchange (DEX) trading volumes. With its $2.00 level firmly established as support, SOL is targeting a rally toward the $200 mark.   Why Is Solana Rallying?  Record-Breaking DEX Volume: Solana’s DEX volume has surpassed $26 billion, underscoring its growth. Technical Momentum: With an RSI near 64, SOL shows room for further gains without entering overbought territory. Potential Target: If SOL can hold above $200, it could soon test its all-time high at $236. Solana’s consistent volume and activity suggest strong market interest, with election-driven volatility adding fuel to its bullish outlook.   Read more: Solana vs. Ethereum: Which Is Better in 2024?   Dogecoin (DOGE) DOGE/USDT price chart | Source: KuCoin   Dogecoin is seeing a surge in interest as election results favoring Republican candidate Donald Trump come in. DOGE has risen over 25%, breaking the $0.20 level and outperforming many large-cap cryptos.   Why Is Dogecoin Trending Today?  Trump’s Election Odds: DOGE’s rally aligns with Trump’s rising odds, given the meme coin’s cultural ties to his campaign and support from figures like Elon Musk. Market Sentiment: Traders expect a sustained DOGE rally, with significant liquidations in the past 24 hours pointing to continued bullish momentum. Resistance Level: DOGE faces resistance near $0.1758; a successful breakout could push it to $0.21, marking a new yearly high. DOGE’s flipping XRP to become the seventh largest crypto by market cap today  reflects both the ongoing memecoin frenzy and upbeat market sentiment linked to political developments.   Read more: Best Memecoins to Know in 2024   Ethereum (ETH) ETH/USDT price chart | Source: KuCoin    Ethereum is another altcoin benefiting from the election frenzy. ETH has shown a strong correlation with the S&P 500, hinting at a bullish future if traditional markets remain supportive.   Can Ethereum Touch New Highs?  S&P 500 Correlation: ETH’s price moves in tandem with major stock indices, suggesting it could reach new heights if markets rally. Potential to Triple: Analysts speculate that ETH could see a massive upside, with a possible push toward the $10,000 mark. Technical Support: ETH remains strong, with whales actively accumulating, which could drive prices higher post-election. Ethereum’s positioning as a leading Layer-1 blockchain and its ties to traditional finance make it a prime altcoin to watch.   Read more: What Is The Surge Phase in Ethereum 2.0 Upgrade?   Sui (SUI) SUI/USDT price chart | Source: KuCoin    Sui is a relatively new player, but it has gained traction in recent months. The Layer-1 token has broken out above $2.00, spurred by significant DEX trading volumes and a strong community presence.   Can Rising DeFi Activity Take SUI to a New ATH?  DEX Milestone: SUI recently crossed $26 billion in DEX trading volume, signaling strong growth. Memecoin Craze: The recent surge in memecoins on Sui has fueled additional market activity, with the combined market cap of these tokens surpassing $171 million—an impressive 40% growth within 24 hours, drawing more traders and liquidity into the ecosystem. Technical Breakout: SUI’s breakout above resistance at $2.00 shows bullish strength, targeting $2.20 as the next resistance. Support Level: If SUI remains above $2.00, it could aim for ATH levels near $2.50. With high liquidity and support from active traders, SUI has the potential for further gains as the election drama unfolds.   Read more: Top Projects in the Sui Network Ecosystem to Watch in 2024   Litecoin (LTC) LTC/USDT price chart | Source: KuCoin   Litecoin has recently seen a notable increase in transaction volume, sparking discussions on its growing role as a digital payment method. This surge reflects a trend toward more practical applications across various sectors, from retail to iGaming.   Why Is Litecoin Price Rising?  Adoption Across Industries: Litecoin’s fast transaction speeds and low fees have made it popular in sectors like retail, hospitality, and travel. Many merchants are now integrating LTC for seamless payments, especially for international transactions. iGaming Popularity: The online gambling sector, particularly in Litecoin casinos, benefits from LTC's privacy and instant payouts, making it a preferred option for players valuing confidentiality. Transaction Volume Spike: Litecoin's recent transaction volume reached its highest level since May 2023, with 512 million LTC moved in just one week. Analysts view this as a signal of increasing utility rather than just trading, indicating a broader adoption of Litecoin for payments. Potential Price Movements: Increased activity could drive price volatility. Litecoin recently dipped slightly, possibly due to profit-taking, yet its strong network performance may contribute to upward momentum in the near future. Litecoin Price Prediction Litecoin’s consistent transaction growth and adoption position it as a viable option for digital cash in real-world applications. Analysts are optimistic, with potential price targets ranging from $72 to $108, though recent indicators show mixed signals.   Read more: How to Mine Litecoins: The Ultimate Guide to Litecoin Mining   MAGA (TRUMP) TRUMP price chart | Source: CoinMarketCap    MAGA, a Trump-inspired memecoin, has gained significant traction in recent days, reflecting the broader interest in Trump-themed cryptos amid the ongoing U.S. election. Currently trading at $3.78, MAGA has seen a 14% increase over the past 24 hours, benefiting from both increased network usage and bullish sentiment tied to Trump’s election prospects.   Can MAGA (TRUMP) Rally Higher?  Rising Demand and Network Activity: MAGA’s daily active addresses have surged, with the metric climbing from 903 to 2,606 over the past few days. This increase in network activity reflects growing demand for MAGA and suggests an uptick in user engagement with the coin. Network Growth Surge: MAGA’s Network Growth, which measures new addresses created on the blockchain, has also hit new highs. Rising from 326 to 1,226, this metric indicates increased adoption and traction for the Trump-themed coin. Whale Accumulation: Supply distribution data reveals that whales holding between 1 million and 10 million MAGA tokens have increased their holdings significantly, while those with smaller wallets appear to have sold. This accumulation trend among large holders points to growing confidence in MAGA’s potential. The rise in MAGA’s on-chain metrics and whale activity, coupled with heightened interest in Trump-themed assets, suggests that MAGA may have further room to grow, though investors should remain cautious given the volatile nature of memecoins.   Read more: Top PolitiFi and Trump-Themed Coins Amid US Elections 2024   Conclusion The U.S. election is contributing to heightened volatility across the cryptocurrency market, with Bitcoin’s record-breaking $75,000 high providing momentum for several altcoins. Each of these assets, from Solana’s strong DEX presence to Dogecoin’s meme-fueled rally and Ethereum’s alignment with traditional market trends, holds a unique position.   While these altcoins show potential for gains, it’s essential to remember the inherent risks in volatile markets, especially during periods of significant global events. Market conditions can shift rapidly, and investors should consider their risk tolerance and conduct thorough research before making any decisions.   Read more: $4 Billion Crypto Bets on Election Day, Bitcoin Reaches New High and More: Nov 6

Ethereum developers are gearing up to launch the Pectra fork, a crucial update designed to enhance Layer 2 scaling and network performance. Central to this upgrade is EIP-7742, which aims to optimize blob-carrying transactions by setting dynamic gas targets. These improvements will unlock cheaper transactions and better scalability for Ethereum’s expanding ecosystem.   Quick Take  EIP-7742, a new Ethereum Improvement Proposal (EIP), enables dynamic gas targeting for blob-carrying transactions. It allows the consensus layer to set flexible gas limits, improving the efficiency of Layer 2 transactions. Ethereum’s co-founder, Vitalik Buterin, envisions 100,000 transactions per second (TPS) by combining Layer 2 scaling solutions with Ethereum’s rollup-centric roadmap. Layer 2 networks are becoming dominant, with recent revenue reports showing a 10:90 split between Ethereum’s mainnet and its Layer 2s. This shift has raised concerns about Ethereum’s future revenue streams. In addition to EIP-7742, EIP-3074 will introduce social recovery mechanisms to safeguard users from lost private keys. New invoker contracts will allow users to delegate asset control and transaction fees. What Are Blobs, and Why Are They Important? Blobs, introduced through Ethereum’s Dencun upgrade in March 2024, are large, temporary chunks of data embedded in transactions. Their primary purpose is to make Layer 2 transactions more cost-efficient by offloading data storage from Ethereum’s main blockchain. Instead of permanently recording every transaction detail on Layer 1, blobs allow temporary storage of transaction data, reducing congestion and lowering fees. This approach supports Ethereum’s scaling strategy by enabling rollups and other Layer 2 solutions to process data off-chain while still securing transactions through the mainnet.   However, the current blob limit has become a bottleneck. The number of blobs that can be processed simultaneously is approaching its maximum capacity, threatening Ethereum’s ability to scale efficiently. Without an update, this limitation could stall network performance and drive up gas fees, undermining the benefits of Layer 2 scaling solutions.   To address this, Ethereum developers proposed EIP-7742, which introduces a new mechanism for managing blob gas targets. Under this proposal, the gas target and maximum limits for blobs will adjust dynamically based on network conditions. This flexibility prevents bottlenecks caused by rigid gas limits and ensures that Layer 2 transactions remain cost-effective, even as demand grows. By allowing the consensus layer to set these values dynamically, EIP-7742 paves the way for smoother network operation and future scalability improvements.   This update is a crucial step in Ethereum’s long-term roadmap, as it enhances the platform’s ability to accommodate higher transaction volumes while keeping fees low for Layer 2 users. With dynamic blob fees in place, Ethereum can support the growing ecosystem of decentralized applications and maintain its competitiveness as a scalable blockchain network.   Read more: Ethereum 2.0 Upgrade   Pectra Fork Timeline and New Features The Pectra fork is expected to roll out in late 2024 or early 2025. In addition to EIP-7742, it will include EIP-3074, which introduces social recovery for Ethereum wallets. This feature will allow users to delegate control of their wallets to an invoker contract, which can perform transactions on their behalf.   Another critical update involves reducing the maximum block size from 2.7MB to approximately 1MB, freeing up space for more blob transactions and aligning with Ethereum’s scalability goals.   Buterin’s Vision: Layer 2 as the Future of Ethereum Vitalik Buterin emphasizes a rollup-centric approach to Ethereum’s scaling, where Layer 1 acts as a robust base layer and Layer 2 networks handle the heavy lifting. His ultimate goal is to create a unified Ethereum ecosystem, ensuring seamless interactions between Layer 2 networks without the feel of separate blockchains.   Buterin warns that increasing Ethereum’s gas limits to achieve higher speeds would compromise decentralization, as only larger validators with costly hardware could participate. Instead, he advocates solutions like data compression and bytecode optimization to maintain scalability without sacrificing security.   Ethereum’s Layer 2 Shift and Its Implications Ethereum’s increasing reliance on Layer 2 networks offers benefits like lower fees and faster transactions. However, it comes with a trade-off: the mainnet’s share of total network revenue has significantly dropped. VanEck’s latest analysis reveals that this trend may lower Ether's long-term value, potentially reducing their original price target by 67%.   Read more: Top Ethereum Layer-2 Crypto Projects to Know in 2024   Conclusion The Pectra fork represents a significant milestone in Ethereum’s journey toward becoming a more scalable, efficient blockchain. With dynamic blob fees, social recovery features, and continued focus on Layer 2 networks, Ethereum aims to strike a balance between scalability and decentralization. If successful, these updates will bring Ethereum closer to achieving its ambitious goal of 100,000 TPS, solidifying its position as a leading blockchain for years to come.

Puffer Finance is making waves in the decentralized finance (DeFi) space with its upcoming airdrop and expanded token utility. The platform has announced the launch of its governance token, $PUFFER, with new features aimed at increasing community engagement. Alongside this, Puffer Finance will distribute a significant portion of its tokens to early adopters and participants in the DeFi ecosystem through an airdrop.   Quick Take The Puffer Finance airdrop will run from October 14, 2024, to January 14, 2025, allowing ample time for participants to claim their tokens. A total of 13% of the $PUFFER token supply has been allocated for the airdrop, rewarding early adopters and active community members. Puffer Finance has introduced a governance model where users can stake $PUFFER tokens to receive vePUFFER, giving them voting power in protocol decisions. 40% of the total token supply is dedicated to community incentives and ecosystem development, ensuring continuous growth and engagement. Puffer Finance is a decentralized finance (DeFi) platform focused on liquid restaking and Ethereum-based rollup solutions. Its airdrop distributes 13% of the $PUFFER token supply to early adopters and community members, offering them governance power and the opportunity to participate in key decisions within the platform. This move highlights Puffer Finance's commitment to decentralization and community-driven growth.   Read more: Top Liquid Restaking Protocols of 2024   All About the Puffer Finance ($PUFFER) Airdrop According to an official announcement shared on X, Puffer Finance will launch its airdrop campaign, starting October 14, 2024 and running through to January 14, 2025. This airdrop allocates 13% of the total supply of $PUFFER tokens, rewarding early adopters and those who have actively participated in Puffer’s ecosystem. Participants from the first season, known as the “Crunchy Carrot Quest,” already received 7.5% of the token supply. With Season 2, another 5.5% of the supply will be distributed.   Puffer Finance Airdrop Timeline: Key Dates to Know  Snapshot for Season 1 Airdrop: October 5, 2024 Season 1 Airdrop Start Date: October 14, 2024 Airdrop End Date: January 14, 2025 Total $PUFFER Token Supply: 1 Billion Airdrop Allocation: 13% of total supply Who Is Eligible for the $PUFFER Airdrop?  Eligibility for the Puffer Finance airdrop is based on the following criteria: Early Adopters: Users who have interacted with the Puffer Finance ecosystem before certain key dates, such as participating in early staking programs or governance activities, are eligible for the airdrop. Participants in the "Crunchy Carrot Quest": Those who took part in Puffer Finance’s "Crunchy Carrot Quest" Season 1, which involved completing specific tasks and activities, are eligible for a portion of the airdrop. Community Engagement: Active members of the Puffer Finance community, including those who contributed to the development or promotion of the platform, may also qualify. Snapshot Criteria: A snapshot of eligible wallets was taken on October 1, 2024. Wallets that met the interaction and holding criteria at the time of the snapshot are eligible for the airdrop. Ethereum Supporters: A small portion of the airdrop has been allocated to those who support Ethereum’s core development, as Puffer Finance has earmarked 1% of the token supply for the Ethereum network. These eligibility criteria may vary slightly depending on announcements from Puffer Finance, so it is essential to check the official website and channels for the most up-to-date information.   How to Participate in and Claim Puffer Finance Airdrop  To claim the Puffer Finance airdrop, follow these steps:   Check Eligibility: Ensure that you meet the criteria for the airdrop. Eligibility is often based on early adoption, activity within the Puffer Finance ecosystem, or participation in specific events like the "Crunchy Carrot Quest." Visit the Official Puffer Finance Website: Go to the official Puffer Finance airdrop claim page, which will be accessible through their website or official social media channels. Be sure to use only trusted links to avoid phishing scams. Connect Your Wallet: You’ll need to connect a compatible cryptocurrency wallet, such as MetaMask, to the Puffer Finance claim page. Ensure your wallet supports Ethereum or other required networks. Claim Your Tokens: If you're eligible, you will see the number of $PUFFER tokens available for you to claim. Simply click the "Claim" button and follow the on-screen instructions. Confirm the Transaction: Once you initiate the claim, confirm the transaction in your wallet. Be prepared to pay a small gas fee, as is typical with Ethereum-based transactions. Receive Your Tokens: After confirming, your $PUFFER tokens will be sent to your connected wallet. Important Notes The airdrop claim period runs from October 14, 2024, to January 14, 2025, so ensure you claim your tokens within this time frame. Only use the official Puffer Finance website and channels to avoid scams or phishing attempts. Verify your wallet's security before connecting it to any third-party site. Puffer Finance (PUFFER) Tokenomics Breakdown Source: Puffer Finance blog    The $PUFFER token has a capped supply of 1 billion tokens. Of this, 40% is reserved for community initiatives and ecosystem development. Another 20% is allocated for early contributors and advisors, with a three-year vesting schedule to ensure long-term dedication to the project.   Additionally, 1% of the supply is set aside for Ethereum core development, showcasing Puffer’s commitment to supporting the Ethereum network. While this may seem like a small percentage, it plays a significant role in the platform’s long-term goal of advancing Ethereum’s infrastructure.   Governance and Voting Power: Stake PUFFER, Earn vePUFFER  Puffer Finance has introduced a governance model that allows its community to have a direct say in the platform’s decisions. By staking $PUFFER tokens, users can earn vePUFFER tokens, which grant voting power within the ecosystem. This governance model ensures that the community has a voice in shaping the future of Puffer.   Puffer's governance process is built on trust and transparency, empowering users to participate in key decisions and helping the platform align with Ethereum’s decentralized principles.   Puffer Finance Expands Utility to Liquid Restaking and Rollups Puffer Finance initially gained recognition with its liquid staking token, Puffer LST. However, the platform has expanded its offerings to include liquid restaking services through EigenLayer. Puffer’s liquid restaking feature allows users to maximize their staking potential while contributing to network security.   In addition, Puffer Finance is developing UniFi, a rollup solution designed to enhance transaction sequencing on Ethereum. UniFi AVS, another innovative product in the pipeline, will offer a pre-confirmation service, allowing faster and more efficient rollups. Together, these products are set to improve the scalability and efficiency of Ethereum’s network.   Read more: What Is EigenLayer? Ethereum’s Restaking Solution   The Future of Puffer Finance With the $PUFFER token launch and the expanded suite of products, Puffer Finance is positioning itself as a key player in the Ethereum ecosystem. The governance model, combined with the platform’s focus on liquid restaking and rollups, ensures that Puffer is aligned with the principles of decentralization.   The airdrop campaign will continue to draw attention, as community members can claim their tokens and engage with the platform’s governance structure. As Puffer Finance continues to grow, its community will play a crucial role in guiding its future developments.   Conclusion Puffer Finance’s expanded token utility and governance model signals a new phase for the platform. With the upcoming airdrop and community-driven initiatives, Puffer aims to enhance its presence in the DeFi space while contributing to Ethereum's decentralization efforts. The $PUFFER token will offer rewards to early adopters and enable the community to participate in key platform decisions.   As Puffer Finance progresses with its airdrop and new developments, it is positioned to grow within the decentralized ecosystem. However, participants should carefully assess potential risks, including market volatility and changes in token value, before engaging with the platform.   Read more: Puffer (PUFFER) Gets Listed on KuCoin! World Premiere!

The market environment is seeing a high probability (87%) of a 25 basis point interest rate cut in November. Both US stocks and bonds have experienced significant declines, with the two-year and 10-year Treasury yields reaching 4% for the first time since August. The three major US stock indexes closed in the red, and following Bitcoin's rise past $64,000, the US stock market retreated by 0.95%. Additionally, the ETH/BTC exchange rate fell below 0.039, indicating a downward trend for Ethereum against Bitcoin.   In industry news, a US judge has approved FTX’s bankruptcy restructuring plan, allowing 98% of creditors to recover at least 118% of their debt value in cash. The plan will inject $14.5 to $16.3 billion in liquidity into the market, with debt repayments expected within 60 days. Despite this positive development, the court affirmed that the value of FTT tokens is zero, leading to a brief surge in FTT above $3.1 before it retreated.   The crypto market showed neutral sentiments today as major coins experienced price small decreases. The Crypto Fear & Greed Index decreased from 50 last week to 49 today, still lingering in the 'Neutral' zone. Bitcoin (BTC) remains volatile this week, but showing clear signs of rally potential.   Quick Market Updates Price (UTC+8 8:00) BTC:$62,223，-0.95%； ETH:$2,422，-0.71% 24 Hours Long/Short: 49.3%/50.7% Yesterday's Fear & Greed Index: 49 (50, 24 hours ago), with a neutral rating Crypto fear and greed index | Source: Alternative.me    Trending Tokens of the Day Top 24-Hour Performers   Trading Pair    24H Change ⬆️ SUIA/USDT  +38.41% ⬆️ NEIRO/USDT      +18.75% ⬆️ SUI/USDT        +11.16%   Trade now on KuCoin   Industry Highlights for October 8, 2024 A US judge has approved FTX's bankruptcy reorganization plan, paving the way for creditors to receive compensation. Elon Musk shared Polymarket’s US election prediction data, praising its accuracy over traditional polls. Tether celebrated its 10th anniversary, with USDT’s market capitalization nearing $120 billion. Infinex raised $65 million through an NFT sale and partnered with Wormhole to enable cross-chain functionality. Vitalik Buterin expressed gratitude to a Meme Coin project for donating a portion of its token supply to charity. Over 87% of new decentralized exchange (DEX) token issuances this year have been launched on the Solana blockchain. Crypto heat map | Source: Coin360   Bitcoin’s Battle at $64K: The Struggle to Break Resistance Bitcoin continues to hover near $64,000, but it has struggled to break past this resistance level. Despite a 5.2% gain earlier this month, Bitcoin’s price remains at $63,323 today, largely due to macroeconomic factors.   Investors are turning to stocks and cash in response to socio-political uncertainties, pushing Bitcoin into a holding pattern. In addition, Bitcoin ETF outflows since October 1st have totaled $335 million, dampening enthusiasm in the market.   While Bitcoin has long been viewed as a hedge against inflation, it appears that traditional market trends are dictating its price movements for now, keeping the $64,000 mark just out of reach.   Bitcoin vs. global monetary base (M2, billion). Source: TradingView   Read more: Bitcoin Market Holds Strong Amid $60K Threat: Traders Remain Optimistic   FTX Reorganization Plan Approved: Major Milestone in the Bankruptcy Process The crypto world saw significant developments today, with key news surrounding the FTX bankruptcy reorganization, Worldcoin's strategic shift to open markets, and a new proposal to boost Ethereum’s throughput. These updates reflect ongoing efforts to resolve past challenges while positioning for future growth and efficiency.   Two years after filing for bankruptcy, the collapsed crypto exchange FTX has finally reached a pivotal moment in its journey toward repayment. On October 7, a U.S. bankruptcy judge approved the company’s liquidation plan, opening the door for FTX to return more than $16 billion to creditors.   Under the approved plan, FTX will repay 98% of users, with non-governmental creditors set to receive 100% of their bankruptcy claims plus interest. This decision marks a significant step forward for FTX, which has been dubbed the “Lehman moment” of the crypto industry due to its sudden collapse in 2022.   FTX’s CEO, John J. Ray III, commented on the court’s decision:      “The Court’s confirmation of our Plan is a significant milestone on our pathway to distributing cash to customers and creditors.”   The FTX case serves as a cautionary tale, but this reorganization plan could provide some closure for those affected by the exchange’s collapse.   Source: RadarHits   Worldcoin Shifts Focus to Open Markets as European Regulatory Scrutiny Grows Meanwhile, Worldcoin, the digital identity project co-founded by OpenAI CEO Sam Altman, is refocusing its efforts on regions more open to emerging technologies. According to Fabian Bodensteiner, Worldcoin’s managing director for Europe, the company sees more dynamic opportunities outside of Europe, where the regulatory environment is tougher.   “We just see a larger dynamic in other regions of the world... we need to prioritize where we see the biggest business opportunities,” said Bodensteiner.   Worldcoin is now concentrating on markets in Asia-Pacific and Latin America, where adoption rates for new technology are higher. Countries like Japan and Argentina are seen as key areas for growth. However, Worldcoin hasn’t completely abandoned Europe—recent efforts include launching operations in Poland and starting World ID verifications in Austria.   This shift in focus comes after temporary suspensions in countries like Spain and Portugal over data privacy concerns, showing the regulatory complexity that digital identity projects face.   Read more: What Is Worldcoin (WLD), and How to Get It?   New Ethereum Proposal Aims to Increase Throughput by 50% In the world of blockchain, Ethereum developers are looking to boost the network's efficiency through a new proposal. Ethereum Improvement Proposal (EIP-7781) aims to reduce Ethereum’s block times by 33% while increasing data capacity, resulting in a 50% throughput increase.   This change would make decentralized exchanges like Uniswap v3 more efficient, improving execution and saving users millions in fees. Ethereum Foundation researcher Justin Drake expressed strong support for the proposal, stating it aligns with broader scaling goals proposed by Vitalik Buterin and others.   If implemented, the proposal could reduce network congestion, lower layer-2 fees, and make Ethereum more competitive as demand for blockchain infrastructure continues to grow.   Source: Cygaar   Read more: Ethereum 2.0 Upgrade   KuCoin Has Completed the CATS (CATS) Token Airdrop According to an official announcement from KuCoin, a leading cryptocurrency exchange, the token distribution for the CATS airdrop has been completed on Oct.8. Users who claimed their CATS airdrop through KuCoin have now received the allocated tokens in their Funding Accounts. Additionally, CATS tokens on the KuCoin premarket will be delivered upon the official token launch.   CATS is a memecoin on The Open Network (TON) blockchain, designed to engage users through the CATS Telegram mini-app, which offers interactive features and rewards.   The CATS token is set to be listed on KuCoin at 10:00 UTC on October 8, 2024. For more information, users can refer to KuCoin’s official platform.   KuCoin will also announce upcoming listing campaigns associated with the CATS token, giving users more opportunities to earn passive income with their CATS holdings.   Conclusion The latest developments in crypto highlight the ongoing evolution of the industry. FTX’s reorganization plan brings much-needed progress for creditors, offering hope for recovery after the exchange's collapse. Meanwhile, Worldcoin’s shift to regions more open to emerging technologies signals where the future of innovation might thrive. Ethereum’s proposed improvements could dramatically boost efficiency, enhancing the network’s scalability. Yet, Bitcoin’s struggle to surpass $64,000 reflects broader macroeconomic challenges. As the crypto landscape shifts, these events underscore the need for adaptability and innovation in a rapidly changing market. Stay tuned to KuCoin News for more daily crypto insights and trends.   Read More: Crypto Daily Movers October 7: Bitcoin Breaks $63,000, Technical Analysis of APT, WIF, and FTM

On September 4, 2024, Polygon Labs completed a major upgrade to its native token, transitioning from MATIC to POL. This move marks a crucial step in the network's evolution toward Polygon 2.0, aiming to create a more productive, scalable ecosystem.    Quick Take  Polygon's MATIC token was upgraded to POL on September 4, 2024. POL introduces new "hyperproductive" features, expanding utility beyond gas fees and staking. MATIC holders can upgrade to POL automatically or manually, with no current deadline. POL plays a key role in Polygon’s vision for Polygon 2.0 and the AggLayer. The upgrade brings a 2% annual token emission model. Why Polygon Transitioned From MATIC to POL On September 4, 2024, Polygon Labs officially replaced MATIC with POL, signaling the launch of Polygon 2.0. The upgraded POL token offers broader functionality and introduces what CEO Marc Boiron calls a "hyperproductive" token system. Unlike MATIC, which primarily earned fees from gas and staking, POL opens up new opportunities for fee generation, including securing data availability and decentralizing a sequencer.   Polygon’s upgrade follows a year of community discussions, with consensus focusing on increasing token utility and scalability. POL will now act as the native gas and staking token for the Polygon network, positioning itself as a crucial driver of Polygon’s growth.   Read more: Polygon Labs Announces Token Migration From MATIC to POL on September 4, 2024   All you need to know about MATIC to POL token migration | Source; Polygon on X    What POL Brings to the Table According to Boiron, POL takes productivity one step further than Ethereum’s Ether, allowing for more diverse fee-earning options. POL holders can now generate fees from multiple sources, such as staking, securing additional chains, or decentralized sequencers. This means that POL will allow validators to participate in more network activities and earn from various roles within the Polygon ecosystem.   Beyond earning potential, POL will also play a vital role in Polygon’s AggLayer, an aggregation layer designed to connect different blockchains seamlessly. This makes POL a key player in Polygon 2.0’s vision of unifying various chains to create a scalable and interconnected ecosystem.   Polygon (POL)  has a New Emission Rate of  2%  One of the significant tokenomics changes introduced with POL is a new emissions model. The token will have a 2% annual emission rate, divided between validators and a community treasury. For validators, this provides continuous rewards, incentivizing more participation in the network. The community treasury, on the other hand, will fund growth initiatives, including grants that promote the ecosystem's expansion.   This new emission model addresses one of the challenges faced by MATIC: its lack of flexibility. Boiron explained that MATIC’s upgrade keys were intentionally burned, limiting the token’s ability to introduce new features like emissions. POL resolves this issue, enabling greater control over the token’s use and future development.   How to Migrate from MATIC to POL If you’re a MATIC holder, here’s the good news: the upgrade to POL happens automatically for most users. If your MATIC is staked on the Polygon proof-of-stake (PoS) chain, no further action is required. Your MATIC will convert to POL seamlessly.   However, if you hold MATIC on Ethereum, the Polygon zkEVM, or centralized exchanges, you will need to migrate your tokens manually. Polygon has deployed a migration contract, allowing users to convert their MATIC to POL through the Polygon Portal Interface. Keep in mind, this process is more advanced, and it’s recommended only for users familiar with bridging tokens between networks.   Leading centralized exchanges (CEXs) have been actively facilitating the smooth migration from MATIC to POL for their users. KuCoin, in particular, has supported this transition since early 2023. As of November 9, 2023, POL is available for trading on KuCoin’s spot platform. Users can now deposit POL tokens and trade the POL/USDT pair. Additionally, KuCoin allows users to sell MATIC and purchase POL, providing early access to POL trading ahead of many other major exchanges.   For those holding MATIC as ERC-20 tokens in hardware wallets, a manual conversion will be necessary. While Polygon hasn’t yet provided specific instructions for hardware wallets like Ledger, expect updates soon on how to complete the migration.   No Deadline to Convert MATIC to POL (Yet) While the migration went live on September 4, Polygon has not imposed a hard deadline for converting MATIC to POL. This means users can take their time making the switch. However, Polygon has indicated that the community could eventually establish a deadline, so it’s wise to stay updated on any potential changes in the future.   The Future of Polygon 2.0: AggLayer and More  Benefits of AggLayer in Polygon 2.0 | Source: Polygon blog    POL’s introduction is just the beginning of Polygon 2.0. Over time, POL will be integrated into the broader Polygon ecosystem, securing other chains within Polygon’s aggregated network, known as the AggLayer. The AggLayer aims to create a unified network of chains, ensuring fast, atomic cross-chain transactions while maintaining security.   Moreover, POL will be pivotal in block production, zero-knowledge proof generation, and Data Availability Committees (DACs). These roles reflect Polygon’s ambitious plans for zero-knowledge technology and the evolution of its ecosystem into a scalable, decentralized hub for Web3 applications.   POL’s "Hyperproductive" Future The upgrade from MATIC to POL marks a significant milestone in Polygon’s roadmap. With enhanced utility and a new emission model, POL is designed to improve both the network's functionality and scalability. As Polygon 2.0 develops, POL is expected to play a central role in unifying multiple chains and driving the network's growth.   For users, this transition introduces new opportunities, from staking to participating in securing other chains within the ecosystem. Whether you are a validator seeking additional rewards or a developer building decentralized applications, POL offers expanded possibilities within the Polygon network. However, as with any technological upgrade, it’s important to remain cautious. Changes in tokenomics and network structure can introduce new risks, such as potential technical issues during migration or shifts in market dynamics. Users are encouraged to stay informed and assess their participation carefully as Polygon moves forward with its plans.

On September 4, 2024, Polygon will launch its new native token, Polygon Ecosystem Token(POL), replacing the existing MATIC token. This transition is a crucial part of Polygon 2.0 vision  to evolve from a single proof-of-stake (PoS) network into an ecosystem of interconnected blockchains powered by zero-knowledge (ZK) technology.    Quick Take The migration from MATIC to POL will occur on September 4, 2024, with POL replacing MATIC to enhance Polygon's ecosystem and support multiple chains, as per the official blog of Polygon Labs.   While MATIC on Polygon PoS will convert automatically to POL, those holding MATIC on Ethereum or zkEVM must use Polygon's official migration contract.  POL introduces new functionalities, such as increased validator incentives and expanded governance rights, making it essential for users to understand and complete the migration process. Polygon Will Migrate From MATIC to POL As Part of Its “Polygon 2.0” Roadmap Polygon Labs has announced the token migration from MATIC to POL on September 4, 2024. Polygon, a leading Ethereum layer-2 solution, will shift its native token from MATIC to POL.  As per the introduction of Polygon Labs in their official blog, POL migration is a part of Polygon 2.0 - a strategic upgrade aimed at positioning Polygon as a leader in blockchain scalability and interoperability. POL, described as a "third-generation" token, will serve as the gas fee payment and staking token on Polygon's PoS blockchain. With the introduction of the AggLayer, a scalable multichain network, POL will support seamless cross-chain transactions and enhanced security across multiple Polygon chains.   “POL is a hyperproductive token that can be used to provide valuable services to any chain in the Polygon network, including the AggLayer itself,” Polygon wrote in their blog post.   The AggLayer will unify these chains, allowing them to interact seamlessly, while POL will play a crucial role in securing the network and rewarding validators. POL holders will also gain governance rights over the Community Treasury, empowering them to fund development and research initiatives. This shift is designed to address blockchain fragmentation and improve user experience, making Polygon more competitive in the crypto market.   Read more: Top Ethereum Layer-2 Crypto Projects to Know in 2024   What Sets Polygon Ecosystem Token (POL) Apart from Matic Token? POL introduces advanced functionalities and expanded roles, positioning it as a more versatile and central token within the expanding Polygon ecosystem. It will not only serve as the primary token for gas fees and staking but also plays a significant role in governance and network security across multiple chains, marking a strategic shift from the simpler utility of MATIC. Unlike MATIC, which serves primarily as the gas and staking token for Polygon’s proof-of-stake (PoS) network, POL is designed to power a broader range of functionalities across multiple chains within the Polygon ecosystem. This is part of the broader AggLayer initiative, which aims to unify various blockchains under a shared security model.   POL distinguishes itself through several enhanced features. Firstly, it enables validators to secure multiple chains simultaneously, increasing their incentives by allowing them to participate in various roles across the ecosystem. Additionally, POL expands its utility by integrating governance capabilities, giving token holders the power to influence decisions related to the Community Treasury, which will fund future development and research initiatives. These enhancements make POL a more versatile and valuable token, positioning it as a cornerstone of Polygon's next phase of growth.  Feature MATIC Polygon Ecosystem Token(POL) Primary Function Gas fee payment and staking token for Polygon PoS network Gas fee payment and staking token for the entire Polygon ecosystem, including the new AggLayer Utility Used mainly for transaction fees and staking on the Polygon PoS chain Expands utility to secure multiple chains, participate in governance, and support additional roles within the AggLayer Validator Incentives Validators are rewarded primarily for securing the Polygon PoS chain Increased incentives, allowing validators to secure multiple chains, generate ZK proofs, and participate in Data Availability Committees (DACs) Governance Limited governance capabilities Full governance rights over the Community Treasury, influencing development and research funding Supply Initial supply of 10 billion tokens Same initial supply of 10 billion tokens with an annual emission rate of 1% for staking rewards and community treasury funding Migration No migration required; holders automatically retain MATIC MATIC will be swapped 1:1 for POL; requires manual migration for holders on Ethereum and zkEVM if not automatically managed by exchanges   Top CEXs Will Support the POL Migration Before the Due Date  Leading centralized exchanges (CEXs) are taking proactive steps to ensure a smooth migration from MATIC to POL for their users. KuCoin has been supporting the migration since early 2023. The exchange has announced that POL has been available on its spot trading platform since November 9, 2023. KuCoin users can already deposit POL tokens and trade the POL/USDT pair. Users can choose to sell MATIC and buy POL if they want, gaining earlier access to trading POL before any other top exchanges.    Beyond KuCoin, other leading exchanges are ensuring that their users can transition to POL with ease, reflecting the industry’s dedication to supporting this significant upgrade. Most CEXs will handle the entire migration process, including the automatic conversion of MATIC to POL at a 1:1 ratio. Starting on September 4, 2024, they will suspend MATIC deposits and withdrawals, and will delist all MATIC trading pairs a few days later. These CEXs will list new POL trading pairs, allowing users to trade POL seamlessly. This approach ensures minimal disruption for users during the transition; however, the process will cause some delays to MATIC and POL holders.   How You Can Get Ready for the Upcoming POL Migration What the MATIC to POL transition means for users | Source: X    For most MATIC holders, the migration to POL will be automatic, requiring little to no action. However, there are essential details to be aware of, depending on where you hold your MATIC tokens.   Polygon PoS Holders: If your MATIC is on the Polygon PoS chain, the migration will be seamless. Your MATIC tokens will automatically convert to POL on September 4, 2024. Ethereum and zkEVM Holders: If you hold MATIC on Ethereum or Polygon zkEVM, you will need to use a migration contract to swap your tokens for POL. This process ensures that your tokens are correctly converted and recognized in the new system. Centralized Exchange Users: Most centralized exchanges will automatically handle the conversion for you. However, it’s crucial to verify this with your exchange to avoid any potential issues. For instance, KuCoin already supports the POL token and will make it easier for users to migrate from MATIC to POL ahead of the September 4 deadline.  Risks to Watch Out For During the POL Migration  Scams and Phishing Attempts: Users should be cautious of any third-party services or links claiming to help you migrate your tokens. Always use official channels and double-check URLs before connecting your wallet. Transaction Fees: While some exchanges might cover transaction fees for the migration, always confirm this to avoid unexpected costs. Potential Downtime: During the migration period, there may be brief periods of downtime or reduced functionality on certain platforms. Plan your transactions accordingly. Conclusion The migration from MATIC to POL is a critical step in Polygon's 2.0 roadmap, designed to enhance the network's scalability, security, and overall usability. POL introduces new functionalities, such as the ability for validators to secure multiple chains and participate in governance, positioning it as a key asset in Polygon's evolution.   However, it's essential to approach this transition with caution. Users should stay informed by verifying the details with their exchange or wallet provider and understanding the implications of the migration. As with any major upgrade, there are inherent risks, such as potential technical issues or delays, which could impact the migration process. Ensuring that you are fully prepared and aware of these risks will help you navigate this transition smoothly and take advantage of the opportunities that POL offers.  

Scroll is an Ethereum Layer 2 scaling solution utilizing zkEVM technology, designed to improve scalability, reduce transaction costs, and maintain the security of the Ethereum network. Although Scroll has not yet launched a native token, the possibility of an airdrop has generated significant interest within the crypto community. Here’s everything you need to know about the potential Scroll airdrop and how you can participate in it.    Quick Take Engage actively in Scroll's ecosystem—interact with dApps, provide liquidity, and partake in Scroll Sessions—to boost airdrop eligibility. You can perform the following tasks to increase your chances to earn Scroll airdrop: bridging tokens, providing liquidity, and interacting with dApps on Scroll's network.  The Scroll airdrop claim period is from August 15, 2024, to September 15, 2024. Introduction to Scroll and Its Ecosystem Scroll is an Ethereum Layer-2 network designed to enhance the scalability and efficiency of the Ethereum blockchain through the use of zkEVM (zero-knowledge Ethereum Virtual Machine) technology. Scroll operates as a zero-knowledge rollup, where it processes transactions off-chain and bundles them into a single proof that is then validated on the Ethereum mainnet.    This approach drastically reduces the amount of data stored on-chain, significantly lowering transaction costs while maintaining high throughput and security. By being fully compatible with Ethereum's Virtual Machine (EVM), Scroll allows developers to seamlessly deploy and manage decentralized applications (dApps) with the same tools they use on Ethereum, making it an attractive option for scaling Ethereum projects.    Potential Scroll Airdrop and Eligibility The Scroll airdrop is highly anticipated, with eligibility based on users' activities within the Scroll ecosystem. This includes interacting with Scroll's testnet and mainnet, providing liquidity, bridging assets, and using various dApps built on the Scroll network.   To maximize your chances of receiving the airdrop, it's crucial to be an active participant in these activities. The Scroll team has emphasized that regular interaction with the platform increases eligibility, especially for those who participate in Scroll Sessions, a loyalty program where users earn points (Marks) that could convert into airdropped tokens.   Key Dates and Airdrop Timeline Snapshot Date: July 15, 2024 Airdrop Announcement: August 1, 2024 Claim Period: August 15, 2024 – September 15, 2024 Redistribution: Unclaimed tokens will be redistributed after the claim period ends. How to Participate in the Scroll Airdrop To participate in the Scroll airdrop, follow these detailed steps to maximize your chances of receiving tokens:   Step 1: Connect Your Wallet and Add Scroll Network Begin by connecting your MetaMask wallet to the Scroll network. To do this, visit the Scroll mainnet page and follow the instructions to add the Scroll network to your MetaMask wallet. This setup allows you to interact with the Scroll network and prepare for future transactions and airdrop activities. Ensure that your MetaMask is configured to handle both the Scroll testnet and mainnet.     Step 2: Acquire Goerli ETH and Bridge to Scroll Goerli ETH is a testnet token required to participate in Scroll's testnet activities. You can acquire Goerli ETH through various faucets, such as Alchemy Goerli Faucet, where you sign up and request ETH for your MetaMask wallet. Once you have Goerli ETH, you need to bridge it to the Scroll Layer 2 network using the Scroll Alpha Bridge. This step demonstrates your activity within the Scroll ecosystem, which is crucial for eligibility. Step 3: Interact with dApps on Scroll Network Engage with dApps on the Scroll network to increase your activity score. Popular dApps include:   Uniswap: Use the Scroll version of Uniswap to swap tokens, wrap ETH to WETH, and add liquidity to ETH-USDC pools. These actions are pivotal as they show your active participation in the Scroll DeFi ecosystem. Scroll Guardians: If you're interested in GameFi, mint an NFT hero and participate in boss battles. This interaction not only adds to your on-chain activity but also diversifies the types of transactions you engage in. Scroll Guild: Join the Scroll Guild by connecting your wallet, Twitter, and Discord accounts. The guild assigns roles based on your participation, which could further enhance your eligibility for the airdrop. Step 4: Provide Liquidity and Participate in Lending Markets Providing liquidity is another critical action. Visit DeFi platforms like Ambient or Nuri, which are part of the Scroll ecosystem, and add liquidity to pools. For those interested in lending, platforms like Aave allow you to supply assets and earn interest, which further contributes to your on-chain activity. Remember, the more you interact, the higher your chances of receiving an airdrop.   Step 5: Deploy Smart Contracts (For Developers) If you’re a developer, deploying smart contracts on the Scroll network can significantly boost your eligibility. By following development guides and using tools like Truffle, you can deploy contracts and interact with them, showing your technical engagement with the network.   Step 6: Participate in Scroll Sessions and Earn Marks Scroll Sessions is a loyalty program where users earn points, known as Marks, for various activities like bridging assets, providing liquidity, and participating in lending markets. These Marks could potentially be converted into airdropped tokens. Keep an eye on updates and participate regularly to accumulate as many Marks as possible.      Conclusion The Scroll airdrop represents a significant opportunity for early users and developers to earn rewards by contributing to the ecosystem. By actively participating in the Scroll network, providing liquidity, bridging assets, and engaging with dApps, you can maximize your chances of receiving a portion of the airdrop. Remember to stay informed and act within the specified timelines to claim your rewards.

As the Paris 2024 Summer Olympics approach, the excitement extends beyond the sports arena into the cryptocurrency world. Investors are buzzing about Olympics-themed memecoins that could see substantial demand and activity. Here are the top Olympic tokens to watch:   Quick Take  The Meme Games ($MGMES): Ethereum-based token with unique 169-meter dash event and 1,218% APY staking, poised for strong market entry. PlayDoge ($PLAY): Ethereum-based mobile game offering Tamagotchi-like experience with an 84% annual staking yield. Mega Dice Token ($DICE): Solana-based token featuring profit-sharing, premium content access, and significant airdrop campaign. Solympics (SOLYMPICS): Solana-based token with a rapid price surge and high visibility aligned with the Olympic theme. Gold Medal Token (OlympicGM): Solana-based token offering Olympic predictions and engaging airdrops, launching July 26, 2024. Olympic Games Token (OGT): Solana-based token focused on fan engagement, athlete support, and sustainability, launching July 26, 2024. Olympic Game Doge (OGD): BNB Chain token with deflationary tokenomics and a clear roadmap for long-term growth. The Meme Games ($MGMES) The Meme Games ($MGMES) is officially designated as the meme coin of the 2024 Olympics. Based on the Ethereum blockchain, combines humor with innovative tokenomics, aiming to capitalize on its Olympic association for global recognition.   Key Features Unique 169-Meter Dash Event: Features five iconic meme coin characters – Dogecoin, Pepe, Floki, Turbo, and Dogwifhat – in a virtual race. 25% Bonus: Investors can win a 25% bonus if their chosen character wins. Staking Feature: Offers an impressive 1,218% APY, attracting significant investor interest. With the presale raising $130,000 within the first 24 hours and concluding on September 8, 2024, $MGMES is poised for a strong market entry. The combination of Olympic hype and innovative features makes it a compelling investment.   PlayDoge ($PLAY) PlayDoge ($PLAY) is an Ethereum-based crypto gaming project that merges meme culture with '90s nostalgia. It offers a Tamagotchi-like experience for the Web3 era.   Key Features Mobile Game: Players care for a virtual Doge pet and earn PLAY tokens. Mini-Games and Leaderboards: Enhances user engagement and token-earning potential. Staking Program: Offers an annual yield of 84%, higher than most staking coins. Endorsed by prominent crypto traders and YouTubers, PlayDoge is set to attract early supporters with its engaging ecosystem and high earning potential. Its roadmap includes a DEX launch and listings on CEXs, making it a promising investment.   Mega Dice Token ($DICE) Mega Dice Token ($DICE) is the native currency for Mega Dice, a Solana-based online gaming platform. It offers token holders a stake in the platform’s profits.   Key Features Profit-Sharing: Investors receive daily rewards based on the platform’s performance. Exclusive Access: Grants access to premium content and limited-edition NFTs. Airdrop Campaign: Distributing $2.25 million across three seasons, incentivizing participation. With over $1.6 million raised in its presale and a strong community, $DICE offers a unique profit-sharing model. The staking app and airdrop campaign further enhance its attractiveness as an investment.   Solympics (SOLYMPICS) Solympics (SOLYMPICS) is an Olympics-themed Solana memecoin, capturing the excitement of the Games with its branding and marketing.   Key Features Rapid Price Surge: Skyrocketed 412.75% in 24 hours. High Visibility: Trending on Dexscreener and capturing attention despite controversy over token distribution. Despite concerns about a potential rug pull, the initial excitement and significant price increase indicate strong interest. Its alignment with the Olympics theme makes it a potential high-gain investment during the Games.   Read more: What Is Pump.fun, and How to Create Your Memecoins on the Platform?   Gold Medal Token (OlympicGM) Gold Medal Token (OlympicGM) is designed to make investors feel like champions in a blockchain-based Olympics. It combines the thrill of competition with the excitement of the Olympics.   Key Features Predict and Win: Investors can predict Olympic champions and earn rewards. Exclusive Club: Join an elite group of digital athletes and diversify your portfolio with this unique token. Exciting Airdrops: Engages users with regular airdrops and interactive events. Launching on July 26, 2024, OlympicGM offers a unique blend of entertainment and investment. Its focus on engaging users through predictions and rewards makes it an attractive option during the Olympics.   Olympic Games Token (OGT) Solana-based Olympic Games Token (OGT) aims to enhance fan engagement and support athletes, with its launch tied to the 2024 Olympics.   Key Features Fan Engagement: Token holders can participate in exclusive events and vote on athlete awards. Athlete Support: Proceeds from token sales support athletes. Sustainability Initiatives: Funds eco-friendly projects aligned with the Paris 2024 commitment to sustainability. With its launch on July 26, 2024, $OGT leverages the Olympic spirit to attract a global audience. Its unique focus on fan engagement and sustainability makes it an appealing investment during the Olympics.   Olympic Game Doge (OGD) Olympic Game Doge ($OGD) is a rapidly growing community token on the BNB Chain, designed to restore trust in the market and provide various benefits to its holders.   Key Features Community-Driven: Focuses on building a robust and supportive community. Deflationary Tokenomics: Employs techniques like auto-burn and buyback to ensure continuous growth. Extensive Roadmap: Includes new partnerships, exchange listings, staking platform, NFTs, and large marketing campaigns. With a clear roadmap and strong community support, $OGD aims to become a beloved and successful project. Its unique deflationary tokenomics and focus on community engagement make it a standout choice for investors looking for long-term growth and stability.   Conclusion As the Paris 2024 Olympics ignite global excitement, these Olympics-themed memecoins present interesting investment opportunities. From innovative gaming features to profit-sharing models, $MGMES, $PLAY, $DICE, SOLYMPICS, OlympicGM, $OGT, and $OGD are poised to capture the attention of crypto enthusiasts and investors alike. However, it's important to remember that investing in cryptocurrencies, particularly memecoins, carries significant risks due to their volatility and speculative nature. Potential investors should conduct thorough research and consider their risk tolerance before investing in these tokens. Read more: Top PolitiFi Tokens to Watch During the US Presidential Elections

The United States listed spot Ether exchange-traded funds (ETFs) saw a remarkable start, generating around $1.08 billion in cumulative trading volume on their first day. This volume represents roughly 23% of what the spot Bitcoin ETFs experienced on their opening day.   Quick Take Ether ETFs generated $1.08 billion in trading volume on their debut. The inflows to the new ETFs were substantial, overcoming outflows from Grayscale's converted trust. Grayscale and BlackRock led with $458 million and $248.7 million, respectively. Fidelity and Bitwise rounded out the top four with significant volumes. Analysts predict continued strong performance and inflows of up to $325 million in Grayscale’s ETHE. The launch of spot Ether ETFs follows the US securities regulator’s approval of the final S-1 forms, enabling their listing on platforms like Nasdaq, NYSE Arca, and Chicago Board Options Exchange.   Ether ETFs Debut with Over $1B Trading Volume  Ethereum ETFs total trading volume on July 23 | Source: X   The Grayscale Ethereum Trust (ETHE) and BlackRock’s iShares Ethereum Trust (ETHA) were the top performers, with trading volumes of $458 million and $248.7 million, respectively. Preliminary data from Bloomberg ETF analyst Eric Balchunas highlighted these figures.   Following closely were Fidelity’s Ethereum Fund (FETH) and Bitwise’s Ethereum ETF (ETHW), which posted $137.2 million and $94.3 million in volumes. However, the 21Shares-issued spot Ether ETF lagged, failing to reach the $10 million mark.   Balchunas described the $625 million volume from the “Newborn Eight” products — excluding Grayscale’s ETHE — as “healthy” and anticipated a significant portion converting to inflows.   James Seyffart, another Bloomberg ETF analyst, expects inflows between $125 million and $325 million, depending on the number of investors firms had lined up. For context, spot Bitcoin ETFs saw $655.2 million in inflows on their first trading day, including a $95 million outflow from Grayscale’s converted Bitcoin product.   Strong First-Day Inflows of Over $106M Despite Grayscale Outflows Ethereum ETF inflows | Source: Cointelegraph    The new Ether ETFs posted a net inflow of $106.6 million on their first day, despite significant outflows from Grayscale’s freshly converted Ethereum Trust. BlackRock’s iShares ETF (ETHA) led with $266.5 million in inflows, followed by Bitwise’s Ethereum ETF (ETHW) with $204 million. Fidelity’s Ethereum Fund (FETH) secured third place with $71.3 million.   These inflows were sufficient to offset the $484.9 million outflow from Grayscale’s Ethereum Trust, which now allows investors to sell shares more easily due to its conversion to a spot ETF.   Several ETF Issuers Waive Fees Temporarily Ethereum ETF issuers waive fees | Source: X   Several firms, including Fidelity, 21Shares, Bitwise, Franklin, and VanEck, have waived fees on their ETFs temporarily or until reaching a specific amount in net assets. Most spot Ether ETFs will offer a base fee between 0.15% and 0.25% after this period. Notably, ETHE’s fee remains at 2.5%.   BlackRock is offering a discounted fee of 0.12% for the first 12 months or until the fund reaches $2.5 billion in net assets. The Grayscale Ethereum Mini Trust follows a similar structure.   Bitcoin ETFs vs. Ether ETFs: Comparing Dynamics In January, spot Bitcoin ETFs faced a similar dynamic, with Grayscale’s Bitcoin Trust seeing over $17.5 billion in outflows following the launch of 11 spot BTC funds. Analysts expect the introduction of Ether ETFs to similarly drive institutional participation and broader adoption of digital assets.   However, Bloomberg's Eric Balchunas suggests that Ether ETFs may initially play a secondary role to Bitcoin ETFs in terms of inflows. He notes that Bitcoin’s narrative is simpler to explain to traditional investors compared to Ethereum’s complex ecosystem.   Read more:  Best Ethereum ETFs to Watch in 2024 Best Spot Bitcoin ETFs to Buy in 2024 Nansen Launches Ether ETF Dashboard Nansen, a blockchain analytics provider, launched the industry’s first Ether ETF analytics dashboard, offering real-time insights and data for traders. This tool aims to enhance transparency and provide crucial information on ETF flows.   Edward Wilson, an analyst at Nansen, believes that the new ETFs could introduce substantial new capital into the crypto space. He anticipates that Ether ETFs might capture about 25% of the assets under management (AUM) of current spot Bitcoin ETFs.   How Will the Spot Ethereum ETFs Impact ETH Price and Supply Dynamics?  ETH/USDT price chart | Source: KuCoin    The introduction of these ETFs is expected to drive up the price of ETH due to increased demand. Unlike Bitcoin, a significant portion of ETH is locked in staking and smart contracts, contributing to its scarcity and potential for sharper price movements.   The SEC’s restriction on staking ETF-held ETH could lead some investors to prefer direct staking over ETFs, potentially moderating the demand for ETFs. Nevertheless, the distinct audiences for direct ETH holding versus ETF investments will likely persist.   Read more: What’s the Ethereum Price Prediction After SEC Approves Spot Ether ETFs?   Conclusion The approval of spot Ether ETFs by the SEC marks a significant milestone for Ethereum, potentially attracting a broader range of investors and significantly influencing its market dynamics. As the market adjusts, the interplay between direct ETH holding, staking, and ETF investments will play a crucial role in shaping the future of the Ethereum ecosystem. Investors should remember that all investments carry risks, and it's essential to conduct thorough research and consider these risks before making any investment decisions.