MetaDAO To Launch Decision Market At Solana Breakpoint Conference

According to Odaily, MetaDAO, a governance experiment project within the Solana ecosystem, announced at the Solana Breakpoint Conference in Singapore that it is set to launch a decision market for 'any metric and decision.' This new initiative aims to enhance the decision-making processes within the ecosystem by providing a platform for various metrics and decisions to be evaluated and acted upon.

In August, MetaDAO revealed that it had secured $2.2 million in funding, with Paradigm leading the investment round. The project is reportedly similar to the prediction market Polymarket, which allows users to forecast outcomes on a wide range of topics. MetaDAO's decision market is expected to bring a new level of engagement and accuracy to governance within the Solana ecosystem, leveraging the collective intelligence of its participants to make more informed decisions.

Circle CEO Announces AI Collaboration With Solana for 2025

According to BlockBeats, on September 20, Circle CEO Jeremy announced at the Solana Breakpoint conference that the company plans to collaborate with Solana in 2025 to introduce AI agents. These agents aim to enhance the flexibility and security of wallet infrastructure, improve the speed and stability of app and protocol interactions, and reduce transaction fees. Jeremy also highlighted that USDC currently supports 15 chains, with the Cross-Chain Transfer Protocol (CCTP) achieving a total transaction volume exceeding $12.6 billion and expanding to over 100 countries.

Banana Gun Wallet Reportedly Compromised, Users Urged To Exercise Caution

According to BlockBeats, on September 19, market sources reported that some community members claimed their Banana Gun wallets were compromised for unknown reasons. The incident has raised concerns among users of the Telegram Bot project Banana Gun, prompting a call for heightened vigilance regarding personal asset security.

Market data indicates that the price of BANANA is currently $40.38, reflecting a 6.55% decline over the past 15 minutes. This sudden drop has further fueled apprehensions within the community.
BlockBeats advises users to exercise caution when using Banana Gun and to take necessary measures to protect their assets.

Ethereum Layer 2 Ecosystem Reaches Record High In Locked ETH

According to BlockBeats, on September 18, Leon Waidmann, Head of Research at Onchain HQ, released data indicating that the Ethereum Layer 2 ecosystem is experiencing robust growth, with the total locked value reaching an all-time high of 14.65 million ETH.

Waidmann emphasized that this increase is not only evident in the dollar value but also in the continuous rise in the amount of ETH itself being locked. This trend reflects the rapid expansion of the Ethereum ecosystem.

USDC To Launch On Sui Network

According to Cointelegraph, USD Coin (USDC), the second-largest stablecoin by market capitalization, is set to be integrated into the layer-1 (L1) blockchain Sui network. This announcement was made by Jeremy Allaire, the co-founder and CEO of Circle, the issuer of USDC. Allaire shared the news on X on September 17, reposting an announcement from Sui network ambassador Stravia.sui111.sui.

As part of this integration, USDC will be natively supported on Sui through the Cross-Chain Transfer Protocol (CCTP). CCTP is a permissionless on-chain utility that facilitates USDC transfers between blockchain networks via native burning and minting. Launched in 2023, Sui is an L1 blockchain and smart contract platform designed to simplify and enhance the creation of applications and functions within the Web3 ecosystem. It utilizes the Move programming language and supports parallel transaction execution.

DeltaPrime DeFi Project on ARB Chain Suspected of Attack

According to Odaily, Cyvers Alerts has detected a suspected attack on the DeltaPrime DeFi project on the ARB chain. It appears that the administrator may have lost their private key. The suspicious address is continuously transferring assets, and so far, the affected liquidity pools include DPUSDC, DPARB, and DPBTCb. The attacker has already converted USDC into ETH. As of now, the estimated total loss is around $4.5 million, and the attack is still ongoing, which means the total loss could increase.

Bitcoin Whales Profit Over $50 Million Amid Recent Price Surge

According to Odaily, on-chain analyst Ali reported on X that Bitcoin whales have capitalized on the recent price increase, earning over $50 million in profits.
The significant profit-taking by these large holders highlights the ongoing volatility and strategic trading within the cryptocurrency market. Bitcoin's price movements often attract attention from major investors, who can influence market trends through substantial transactions. This recent activity underscores the importance of monitoring whale movements to understand potential market shifts.
As Bitcoin continues to experience fluctuations, the actions of these influential traders remain a critical factor in the broader market dynamics. The recent profit-taking event serves as a reminder of the strategic maneuvers employed by large holders to maximize their gains in the ever-evolving cryptocurrency landscape.

FarCon Asia 2024 To Feature Roundtable On Meme And NFT Dreams

According to BlockBeats, DWF Labs Managing Partner Andrei Grachev, Mon Protocol Co-Founder Giulio, Imaginary Ones Co-Founder Clement Chia, Monad Ecosystem Development Lead Jing, Story Protocol Business Development Head Alice Chen, and New Tribe Capital Partner Juliet Su will participate in a roundtable discussion titled 'Meme and NFT Dreams' at FarCon Asia 2024 on September 17. The event will provide a platform for these industry leaders to share their insights and perspectives on the evolving landscape of memes and NFTs.
From September 16 to 17, Tako Protocol, BlockBeats, and Jam will jointly host the first large-scale Farcaster ecosystem offline event in Asia. The event will take place at the renowned The Art House in Singapore. The conference aims to delve into and showcase the innovative achievements of the Farcaster ecosystem and the future prospects of Web3 social interactions. It seeks to break the stereotype of traditional financial crypto conferences being one-way outputs.

Musk-Inspired Meme Coin Marvin Sees 36% Surge in 24 Hours

According to Odaily, the Musk-inspired meme coin Marvin has experienced a significant increase in value over the past 24 hours. The cryptocurrency saw a 36% surge and is currently trading at 0.00000088 USDT.

This notable rise in Marvin's value highlights the ongoing interest and volatility in the meme coin market. Investors and traders are closely monitoring such assets, which often see rapid price changes influenced by social media trends and celebrity endorsements.
The recent performance of Marvin underscores the potential for substantial gains, albeit with inherent risks associated with meme coins.
As the cryptocurrency market continues to evolve, the influence of high-profile figures like Elon Musk remains a key factor in driving interest and investment in various digital assets. The surge in Marvin's value is a testament to the impact that celebrity endorsements can have on the market, prompting both excitement and caution among investors.

Pendle Introduces High-Yield Pools for Bitcoin-Based Tokens

According to CoinDesk, decentralized finance (DeFi) platform Pendle has launched new pools offering variable yields of up to 45% and fixed yields of 10% on a bitcoin-backed token. This initiative aims to enhance the platform's product offerings and attract more users.
The new pools allow users to deposit LBTC, a liquid-staking token issued by restaking startup Lombard, into a Pendle pool created by Ethereum layer-2 network Corn. Since its launch, the pool has garnered over $13 million in user deposits and is set to mature on December 26. Pendle's CEO, TN Lee, expressed optimism about replicating the success seen with fixed yields for Ethereum with Bitcoin.
Pendle's strategy involves splitting investments into principal tokens and yield tokens, which can be traded separately. This approach facilitates high-yield strategies by enabling users to trade future returns. Users can buy yield tokens with LBTC, increasing their exposure to the underlying yield and points from LBTC and Corn until maturity.