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Bonk Eco continues to show strength amid $USELESS rally
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Pump.fun to raise $1B token sale, traders speculating on airdrop
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Boop.Fun leading the way with a new launchpad on Solana.
Dan Elitzer
Backing early-stage teams @nascent
Impressive level of transparency for projects to be able to track the activity of their market makers
22.7. klo 00.03
Today we’re announcing Coinwatch Track - a new way for crypto projects to see what their market makers are doing in real-time, using their API keys.
2,18K
Dan Elitzer kirjasi uudelleen
StablecoinX Inc. @stablecoin_x has announced a $360 million capital raise to purchase $ENA and will seek to list its Class A common shares on the Nasdaq Global Market under the ticker symbol "USDE", which includes a $60 million contribution of ENA from the Ethena Foundation
Equity markets will now have direct access and exposure to the most important emerging trend in all of finance:
The growth of digital dollars and stablecoins.
To bootstrap its acquisition strategy, StablecoinX Inc. will use all of the $260 million cash proceeds from the raise (less amounts for certain expenses) to buy locked ENA from a subsidiary of the Ethena Foundation.
Starting today, the Ethena Foundation subsidiary (via third-party market makers) will use 100% of the $260 million cash proceeds from the token sale to strategically purchase $ENA across publicly traded venues over the coming weeks, further aligning the Foundation’s incentives with those of StableCoinX shareholders.
The planned deployment schedule is approximately $5m daily from today over the course of the next 6 weeks. At current prices $260m represents roughly 8% of circulating supply.
Importantly, the Ethena Foundation has the right to veto any sales of $ENA by StableCoinX at its sole discretion. Ideally, tokens will never be sold with a sole focus on accumulation.
To the extent StableCoinX subsequently raises capital with the intent of purchasing additional locked ENA from the Ethena Foundation or its affiliates, cash proceeds from those token sales are planned to be used to purchase spot $ENA.
StableCoinX's treasury strategy is a deliberate, multi‑year capital allocation strategy that will enables StableCoinX to capture the enormous value of the secular surge in demand for digital dollars while compounding ENA per share to the benefit of shareholders.
766,76K
Lots of folks already building on top of @MorphoLabs' Morpho V2 ahead of launch...
18.7. klo 03.41
“I’m super excited about Morphos V2 announcement and what that's going to enable. We've actually already invested in a team that is building on top of that. Multiple of our portfolio companies are actually gonna be building on Morpho V2. It's just amazing infrastructure…”
13,54K
Sign of where the Celestia narrative is these days
1-2 years ago, everyone was asking how to hire their own Nick White
8.7. klo 01.13
Does Nick White actually do anything at Celestia or is his full time job just tweeting the dumbest shit imaginable at this point
5,46K
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