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News on Medial
Watch: Solana is ushering in a new round of memecoin mania
TechCrunch
·
1y ago
Medial
The article discusses the current state of the cryptocurrency market with a focus on the growing popularity of Solana blockchain. While other popular cryptocurrencies like Bitcoin and Ethereum continue to be in the spotlight, Solana has been making significant waves with its recent price gains. The article highlights the lack of new central innovations in the crypto industry and raises concerns about the sustainability of the current market boom. Nonetheless, enthusiasts of Solana, affectionately called the Dogwifhat folks, remain optimistic and continue to enjoy the excitement.
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Related News
Bitcoin hits new high, Solana price jumps as memecoins mania rises and Worldcoin faces heat in Spain
TechCrunch
·
1y ago
Medial
Bitcoin reached a new all-time high, while Solana experienced a surge in price as memecoins gained popularity. Additionally, Sei Labs developed a framework to assist Ethereum, Nigeria clashed with Binance, and Worldcoin faced challenges in Spain. Bitcoin's price rose 8.5% to $72,500, with ether increasing by 3.8% to $3,900. Memecoins on Ethereum, Solana, and Avalanche blockchains saw significant rallies. Notably, Mog coin on Ethereum had a market cap of $435.3 million, Solana-based dogwifhat increased by 79%, and Coq Inu on Avalanche rose by 36%.
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Elon Musk becomes Kekius Maximus (again!); sparks crypto surge
Economic Times
·
3m ago
Medial
Billionaire Elon Musk reverted his display name to Kekius Maximus, causing a 142% surge in the memecoin Kekius Maximus's value. Kekius Maximus combines meme icon Pepe the Frog with the film Gladiator’s Maximus. Musk’s name change often coincides with crypto value leaps, as seen previously with the Gorklon Rust name, linked to a memecoin surge on the Solana blockchain. These updates highlight Musk's influence in the crypto market.
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Solana memecoin hype continues, Backpack’s beta phase was a success and Starbucks axes its NFT program
TechCrunch
·
1y ago
Medial
This week in crypto news, Starbucks cancels its Odyssey NFT program, Solana sees memecoin momentum, and India faces challenges with government crackdowns. Bitcoin and ether prices experience a dip, but overall the market remains strong. The latest podcast episode features an interview with Tegan Kline, CEO of Edge & Node, discussing blockchain, AI integrations, and The Graph network. In funding news, Rails, Avalanche Foundation, Memecoin Rush Morph, Mantra, and Ago secure notable investments. For more information and additional articles, continue reading on TechCrunch.
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Solana’s price rises to $160, highest level since January 2022 as memecoin mania rises
TechCrunch
·
1y ago
Medial
Solana's token, SOL, has experienced a significant comeback after its price dropped dramatically in 2023. It reached a high of $260 before falling to $8, but recently surged to over $160, its highest level since January 2022. Solana is known for its NFT marketplace and decentralized finance ecosystem, as well as its ability to support memecoins. Tokens like Bonk and dogwifhat, inspired by the popularity of Dogecoin, have seen substantial gains on the Solana blockchain. However, it's important to be cautious with memecoins as their volatile nature can lead to sudden crashes.
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True Markets Raises $11 Million Series A Led by Accomplices and RRE, Launches Solana Crypto App with PYUSD | DeepNewz VC
Business Bytes
·
3m ago
Medial
TrueMarkets, a mobile-first DeFi trading app on Solana, has secured $11 million in a Series A funding round. Key investors include the Solana Foundation and PayPal Ventures. The platform aims to integrate centralized finance (CeFi) and decentralized finance (DeFi) with a focus on stablecoin-native, non-custodial trading. This development highlights the growing interest and investment in the DeFi sector, particularly on platforms like Solana that prioritize both security and ease of use.
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Donut Browser, Agentic Crypto Browser on Solana, Raises $7 Million in Pre-Seed Led by BITKRAFT VC, Hack VC, Hongshan Capital | DeepNewz VC
Business Bytes
·
3m ago
Medial
Donut Browser, a project focused on developing a crypto agentic browser on the Solana blockchain, has successfully raised $7 million in its pre-seed funding round.
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XP Ticket Raises $6.2 Million Led by Blockchange Ventures to Expand Solana Blockchain Platform with Identity Features | DeepNewz VC
Business Bytes
·
3m ago
Medial
XP Ticket, a Web3 ticketing platform on Solana, successfully raised $6.2 million in a Seed funding round. The round was led by Blockchange Ventures, with additional participation from investors such as L1 Digital and Reflexive Capital.
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True Markets Raises $11 Million Series A Led by Accomplices and RRE, Launches Solana Crypto App with PYUSD | DeepNewz VC
Business Bytes
·
3m ago
Medial
True Markets, a mobile-first DeFi trading app on Solana, has successfully raised $11 million in a Series A funding round. This venture was backed by prominent investors, including the Solana Foundation and PayPal Ventures. True Markets aims to integrate centralized finance (CeFi) and decentralized finance (DeFi) by offering stablecoin-native, non-custodial trading solutions, enhancing accessibility and efficiency for users within the digital asset ecosystem.
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Samsung prepares for major shift with AI-driven smartphone lineup: Report
Livemint
·
1y ago
Medial
Samsung is reportedly working on a new line of artificial intelligence (AI) smartphones that could feature significant departures from their current models. TM Roh, President of Samsung's Mobile Experience (MX) Business, revealed that the company is dedicating a substantial portion of its research and development budget to creating these AI-powered devices. While specific details were not disclosed, potential changes could include new form factors, varied display sizes, advanced sensors, or the addition of dedicated neural processing units. This project represents a major shift in Samsung's product strategy, potentially ushering in a new era of mobile technology.
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Skype's final call set for May as Microsoft prioritises Teams
Economic Times
·
6m ago
Medial
Microsoft is set to retire Skype by May to focus on its Teams service, marking an end to Skype's two-decade presence in global communications. Launched in 2003, Skype revolutionized cross-border communication with affordable audio and video calls but struggled against newer, more reliable platforms like Zoom and Slack. Acquired by Microsoft in 2011, Skype usage dwindled significantly. Users can transition to Teams with existing credentials, ushering in a new chapter of Microsoft's communication strategy.
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