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🚐Memecoins Migrate To Solana

GM Defiers!

Popular memecoins are expanding onto Solana to vie for a listing on the Moonshot trading app. Moonshot is listed on the Apple and Google App stores and is integrated with MoonPay to facilitate fiat on-ramping.

Markets rallied on renewed China stimulus hopes. BTC and ETH gained 3%, while SOL and DOT rallied 4%.

Chiliz fan tokens are soaring, with the sector surpassing $1 billion in daily volume over the past week. Each of the top 10 fan tokens posted double-digit seven-day gains.

The SEC is continuing to wage war against the crypto industry, with the agency filing a complaint against Cumberland, the prominent market maker. Cumberland vowed to fight the charges and accused the SEC of previously negotiating with the firm in bad faith.

Plus, Crypto ETFs are favored among investors, OKX launches UAE exchange, Argentina’s football association tokenizes training rights, an XCOPY NFT fetches $2 million, and Swell reveals airdrop allocations.

✍️ In today’s newsletter:

  • Moonshot attracts Ethereum memecoins
  • Markets reverse Thursday’s losses
  • Chiliz fan tokens soar as crypto markets flounder
  • SEC files legal action against Cumberland
  • ETF investors wooed by digital assets
  • OKX introduces crypto derivatives to UAE
  • Argentinian Football Association embraces tokenization
  • XCOPY one-of-one sells for 800 ETH
  • Swell airdrop recipients revealed

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🌙 Memecoins are Moving from Ethereum to Solana to Access Moonshot App

Token issuers are migrating memecoins from Ethereum to Solana as the popularity of the Moonshot trading app grows. Moonshot boasts listings on the Apple and Google app stores, and enjoyed a spike in volume last month.

📈Crypto Markets Rebound on Renewed China Stimulus Expectations

The cryptocurrency market rallied on Friday, reversing the previous day’s losses. Sentiment was buoyed by news that China could be preparing to inject up to 2 trillion yuan ($274 billion) in fiscal stimulus.

🚀 Chiliz Fan Tokens Surge In Spite Of Weak Crypto Market Action

Fan tokens issued by Chiliz are bucking the crypto meta-trend with impressive gains over the past week. OG, the token of the European Esports group, is leading the charge with a 164% rally over the past week, with soccer club tokens also flying.

🚨 SEC Doubles Down On Crypto Tokens Comprising Securities In Cumberland Complaint

The SEC continues to attack the crypto industry, with the agency bringing legal action against Cumberland, the market maker, alleging it operated as an unlicensed securities broker-dealer. Cumberland accused the SEC of engaging in bad faith discussions, with the firm previously registering as a broker-dealer, only to then be told the licensing just covered BTC and ETH trades.

🎉 Crypto Among Top Choices For ETF Investors Across All Age Groups: Schwab

Charles Schwab, a prominent asset manager, published the findings of a survey finding that 45% of ETF investors plan to buy crypto products over the next year. Crypto products came in second behind U.S. equities at 55%, signaling the growth of digital assets following the launch of crypto ETFs.

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In the everchanging DeFi ecosystem, it is important that you are on top of all the latest developments, that you have a clear overview of your portfolio, and that you are flexible enough to react properly depending on the circumstances that may arise.

Fortunately, interoperability, composability, and permissionless access are key characteristics of the majority of lending protocols, and these are the pillars of the Loan Shifting feature by the DeFi Saver team that we will discuss, which will help you effectively navigate the constantly changing landscape.

So, let’s begin.

READ MORE: How to seamlessly move your positions between protocols with DeFi Saver’s Loan Shifter?

🇦🇪 OKX Launches First Crypto Derivatives In UAE Alongside Local Exchange

OKX launched a United Arab Emirates-based cryptocurrency exchange. The move introduces crypto derivatives to the UAE for the first time alongside digital asset pairings featuring the local fiat currency.

⚽ Argentina’s Football Association To Start Tokenizing Players' Training Rights

The Argentinian Football Association (AFA) is tokenizing the training rights of players. The AFA’s president described the move as driving financial modernization and new revenue for the local soccer industry.

💰 XCOPY NFT Sells for $2 Million

A one-of-one XCOPY NFT sold for 800 ETH, worth roughly $2 million. Tokens from the digital artist have bucked waning interest in non-fungibles in recent months.

🪂 Swell Network Releases Airdrop Checker

Swell, the bubbling liquid staking protocol, launched a platform allowing users to check their eligibility for its highly-anticipated upcoming airdrop. The drop will distribute 8.5% of SWELL’s supply to early adopters.

🌍 ELSEWHERE

  • Mt. Gox Postpones Repayment Deadline to 2025, Allaying Concerns of Bitcoin Sell Pressure (CoinDesk)
  • FTX Creditor Says Hedge Fund Owes Him for Claim It Bought at '42% Discount' (Decrypt)
  • Binance exec Tigran Gambaryan again denied bail in Nigeria despite 'clear evidence of medical requirement,' family says (The Block)
  • Uniswap’s UNI Token Jumps 14% as Announcement About New L2 Leaks Ahead of Time (Unchained)

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