Solana Crashes for 5 hours



  • Today, the crypto market sentiment is cautiously optimistic despite recent weakness. Bitcoin is at $42.8K and Ethereum is at $2325. The major news is the Solana network outage, a rare event after around two years.


  • ERC-404


  • $PROPC - Propchain Capital


  • Argentina Crypto Change

  • Visa Partnership

  • Celsius Exit Bankruptcy


  • Cube


  • Jian Wen


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    • Crypto Total Market Cap $1.65T - 24/hour change -0.24%

    • Total Crypto Market Vol $43.38B - 24/hr change 6.62%+

      Majors - 24/Hour change

    • BTC - $43,123 - 0.2%+

    • ETH - $2338 - 0%+

      Trending Tokens - 24-hour

    • $MANTRA - 7% - DEFI

    • $HONK - 54% - MEME

    • $JUP - 5% - SOL

    • $MANTA - 4.5% - Layer 2

    • Today, the crypto market sentiment is cautiously optimistic despite recent weakness. Bitcoin is at $42.8K and Ethereum is at $2325. The major news is the Solana network outage, a rare event after around two years. SOL price on CEXs dropped to $94. Some expect a temporary dip in SOL and ecosystem coins when the network resumes but anticipate strong buying. There's a belief that sidelined money is eager to enter SOL, making this a potential buying opportunity. Overall, observers are curious to see how the situation unfolds, with expectations of the network soon returning to operation.

      Bitcoin dominance

    • Dominance for BTC is pushing right up 52.3%, keeping alts at bay for now, so don’t sweat it if your favorite bag is struggling to push up right now. For a full-blown ALT season to occur, this by definition is where ALTs massively outperform BTC, Bitcoin dominance must first push up higher and then crash down. Keep an on eye Bitcoin's dominance, we expect it to push higher.


    • In the land of serious degens, one project & community that has held up incredibly well is the $GME token on Solana. The $GME token on Sol celebrates the 2nd anniversary of the Gamestop short squeeze. While most tokens last just a day or 2, $GME has grown to 18k+ holders, survived copycats launching & is now pushing near all-time highs of $80M mcap since the Solana outage. A prime example of cults and resilient communities pushing through anything that comes at them.



    Trouble in degen paradise as Solana crashed, and had a total downtime for nearly 4 hours.

    This isn’t the first time we have seen Solana crash either, but in true crypto style, ETH maxis have come out of the woodwork and started slamming Solana across Crypto Twitter. Will there feud between ETH & SOL ever end?

    Solana Mainnet-Beta is experiencing downtime in block production as block progression is currently halted, and core engineers and validators are actively investigating. The Solana Blockchain Explorer flashing a “major outage” on the mainnet.


  • - AI Infrastructure / Autonomous agents

  • - DEPIN (Decentralised Infrastructure)

  • - RWA - Real-World Asset tokens

  • - Memes - (you’re not too good for them)

  • - Eigen Layer

  • - BTC Defi

  • - New Layer 1’s

  • - Parallelization EVM / Modular Blockchains

  • - Solana Killers

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Crypto is a narrative & trend-driven game, where attention goes, the money flows. So what’s hot?

What if shitcoins got crossed with NFTs? A recipe for a bullish megatrend?

We spoke about a similar concept with the $NPC ‘Non Playable Coin’ token a few months back, but this meta/narrative may be taking shape with the recent launches of $PANDORA.

So what is ERC404 token standard?

ERC404 is a novel token standard that aims to bridge the functionalities of ERC20 and ERC721 tokens, which traditionally operate under different rules due to their distinct purposes. While ERC20 tokens are commonly used for fungible assets like tokens, where each unit is interchangeable, ERC721 tokens represent unique items like collectibles or digital art, with each token being distinct, these will be familiar to you as NFTs.

The creators of ERC404 are experimenting with a system that allows these two types of tokens to work together in a new way. They aim to preserve the unique characteristics of each type while enabling smoother interaction between them. For instance, ERC404 could enable fractional ownership of unique digital artworks (ERC721) using a system more akin to currency (ERC20).

One innovative feature of ERC404 is "pathing," which involves compactly encoding both general currency-like data and unique item data into the same space.

However, as ERC404 is a new concept, it's still being tested and hasn't undergone thorough scrutiny by external experts. Thus, there may be undiscovered risks or issues associated with it. Additionally, due to its novelty, not everyone is familiar with ERC404 yet, but the creators anticipate its popularity and understanding to grow with increased adoption.

Projects such as $PANDORA are one of the first adopters of this innovation, having run up to $90M mcap since its launch on the 2nd of February. Keep a close eye on this narrative, something really interesting could be forming here. We have seen this with NFTs back in 2020/21, and with BRC20s in 2023. New token standards are often questioned at first, but as we have seen time and time again, their birth has often been the start of huge narratives forming.


In each issue, our Founder ‘Jack Barbell’ delivers a hot rising star crypto asset that is yet to explode.

You can Follow Jack Barbell on X - @thebarbell_

RWA is most definitely set to be a dominating narrative this cycle, further more, I believe that the tokenization of real estate will be a watershed moment for blockchain technology. The purchasing of real estate is a time-heavy & costly process and for years it has been ripe for disruption through blockchain technology.

With the potential of the RWA market estimated to reach trillions by 2030, This project sits at $25 million Mcap, presenting a compelling opportunity to scoop up a portion of the pie, capitalizing on industry growth.

Propchain, represented by its token $PROPC, stands out as a groundbreaking project in the realm of Real World Assets (RWA). Imagine it as the key to unlocking real estate investment from the comfort of your desk, opening a digital doorway into the world of property ownership.

Here's why Propchain is turning heads:

  1. Working Platform: Unlike anything seen before, Propchain's platform is already up and running, starting with investment opportunities in Dubai properties, the project has opened a window into real estate markets with a mission to go global.

  2. Continuous Development: The PropChain team has been highly activity constantly building and refining their design for user experience. Marketing campaigns are on the horizon, so we can expect a surge in platform awareness in the coming months.

  3. CEX Listings: Picture Propchain tokens finding their place on major exchanges, like guests being welcomed into a grand hall. With three listings scheduled for this quarter, the party is just getting started.

  4. Successful Transactions: Over $2,000,000 worth of real estate has already changed hands through Propchain, with investors reaping the rewards of rental payouts.

  5. Expanding Portfolio: Like a growing real estate empire, Propchain plans to add more listings to its platform, providing investors with even more opportunities.

Now, let's delve into the heart of Propchain's optimism:

  • User Base: Over 1,200 product users and 4,500 holders signal a growing community.

  • Innovative Solutions: Propchain pioneers blockchain solutions tailored for real assets and PropTech, ensuring efficiency and security.

  • Diverse Offerings: With multiple products like investment platforms and asset tokenization, Propchain offers a comprehensive suite of tools for investors.

In a nutshell, Propchain aims to revolutionize real asset management, providing a transparent and efficient platform for ownership transfer. With the potential of the RWA market estimated to reach trillions by 2030, Propchain's $20 million market capitalization presents a compelling opportunity for investors, making it a project worth keeping a close eye on as it continues to develop.


Argentina Crypto Change - A President for the Future

At a glance 🔎
  • Argentinian President, Javier Milei, has rewritten a reform bill that removes proposed Cryptocurrency taxes.

  • The President’s party makes up a minority in Congress so there is likely to be some pushback.

  • Holding Crypto or paying with it will not be taxed, however, selling large amounts for profit will be taxable.

🕵️ Scoops take:

The change to the law may not be passed, but who would not want this Crypto Bullish machine in charge of their country?

We understand regulation is needed, but the last thing we want to see is the heavy burden of taxation.

India is currently going through the polar opposite, their Finance Minister has just announced a 30% tax on Crypto profits…yikes.

We know what country we would prefer rule-wise.


Premium extract - 25th Oct 2023 - $TAO now $3 Billion MCAP

Visa Partnership - Our lives keep getting easier.

At a glance 🔎
  • Visa has announced a partnership with Transak to allow users to withdraw Crypto directly.

  • The partnership will remove the need for centralized exchanges.

  • For example, a user can withdraw Ethereum directly from MetaMask to a Visa Debit card and make payments at over 130m merchant locations where Visa is accepted.

🕵️ Scoops take: 

If you haven’t noticed what is happening, you need to wake up.

The world is adapting to the needs of the Crypto user and as we said those that don’t get on board will be left behind.

This is certainly a blow for the centralized exchanges but they won’t go redundant, the more choices for us, the better our experiences will be.

Tap with care.

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Celsius Exits Bankruptcy - A long road since June 2022

At a glance 🔎
  • We first shared the Celsius downfall with you in June 2022 where the lending firm paused withdrawals and transfers.

  • Fast forward 20 months and they have just managed to come out of the other side from the troubles of bankruptcy.

  • Their exit plan from bankruptcy includes the distribution of over $3bn of cryptocurrency and fiat to creditors as well as the creation of a new Bitcoin mining company which will be owned by creditors.

    🕵️ Scoops take:

We feared the worst with this one, we genuinely didn’t see the light at the end of the tunnel.

Until the creditors have been paid up in full, we guess that light will never be reached.

Importantly, with FTX piling up their cash position, there is somewhat of a positive outlook from what was a horrendous situation with bankrupted institutions.

There are always going to be bumps on the road, just make sure you don’t let go and ride the storms.

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Hybrid Crypto Exchange cube has reached a $100m valuation following a new funding round.

The company raised $12m in a Series A funding round.

This latest round comes just 3 months after they raised $9m in seed funding.

The company was formed to protect traders from founder risk and uses a hybrid model with off-chain order matching and on-chain settlement.

They plan to use the latest funding to expand its team and obtain licenses in more jurisdictions.


Jian Wen

Jian Wen has been accused of being the front person who helped fraudster Zhimin Qian launder profits from a $5bn investment fraud.

Wen is currently on trial for her involvement in the fraud which saw 61,000 Bitcoin seized by the British police.

With a value of over $1.4bn this will be a sore one for anyone to take.

The major downside is the involvement of Bitcoin in a high-level crime. This is the last thing we want the space to be associated with when people don’t hesitate to push the space under one umbrella!

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