GM HEARTLAND |
The biggest week in web3 is, naturally, one nobody’s talking about. Fortunately for you, we’re nobodies. |
—El Prof, Muhammed & Chad |
TOKEN | PRICE CHANGE | PRICE |
|---|---|---|
Solana ($SOL) | +6.35% | $147.13 |
Helium ($HNT) | -12.05% | $6.87 |
Pyth ($PYTH) | +7.85% | $0.32 |
Save ($SLND) | +38.37% | $0.83 |
(Price changes reflect past 7 days as of 9.20.24)
With the September slump nearly behind us, it’s time to put our focus on the future.
This week, two of the biggest crypto events on the 2024 calendar kicked off: TOKEN2049 and Solana Breakpoint.
TOKEN2049, arguably one of the most anticipated crypto conferences worldwide, kicked off in Singapore on September 16 and will stretch through the end of the weekend. This event brings together thought leaders, industry titans, venture capitalists, and developers across the blockchain and web3 spaces to debate the future of Web3 and offer insights into emerging trends that could shape the next few years of the crypto market.
So far, the only news generated by the conference has been Vitalik Buterin pulling a Kendall Roy, and of course, some good old fashioned FUD. But there’s a reason festival headliners are usually the last set of the day, and we expect to have more to report on next week.
Same goes for Solana Breakpoint, which kicked off today, and takes precendence for this publication, given its honed focused on the only blockchain platform that matters. (Objectively speaking, of course.) Breakpoint has become a flagship event for the Solana community, developers, and ecosystem builders. Breakpoint 2024 is expected to feature announcements on Solana’s ongoing scalability efforts, upcoming protocol upgrades, and potential partnerships that could fuel further ecosystem growth.
We’ll break down the specific announcements next week once both events have concluded. For now, allow us to wax poetic on the importance of these conferences. Both TOKEN2049 and Solana Breakpoint are happening at a pivotal time, with many analysts predicting a renewed crypto bull run in late 2024 or early 2025. But at the same time, they are flying far under the radar in a news cycle dominated by geopolitical uncertainty, Federal Reserve rate cuts, and the looming U.S. presidential election.
Despite the lack of media focus, the significance of these events cannot be overstated, as they serve as barometers for investor sentiment and a showcase of the technical progress being made across the blockchain space. Announcements made at these conferences could act as catalysts, pushing bullish momentum across the market. For instance, new regulatory clarity discussed at TOKEN2049 could bring institutional capital off the sidelines, while Solana Breakpoint’s updates on scalability and new applications could drive increased usage of the network, contributing to a broader crypto rally.
You won’t catch much buzz about these events outside of X corners, Telegram chats, and, well, niche email newsletters. But you may well find its ripple effects broadcast widely in the coming months, in the form of market movement.
Tune out at your own peril.
—Muhammed
Today’s news.
Edited to be unbiased as humanly possible.
Every morning, we triple-check headlines, stories, and sources for bias.
All by hand with no algorithms.
Succession may have wrapped, but the show goes on. America’s other favorite failsons are back with a hot new scam.
The Trump Boyz — Don Sr., Don Jr., Erik, and Barron — have teamed up to build World Liberty Financial, a financial lending platform utilizing Aave, complete with a governance token that (in theory) gives you a vote into how it operates.
It’s built on — you guessed it — Ethereum.
This would be a world class project… in the fall of 2020. Unfortunately for dem Boyz, Ethereum is the bastion of the very financial kraken they claim to be fighting against.
I chalk this up to the fact that the loudest voices in the space still champion ETH as the future of the World Computer, when their economic incentives are ass backwards for scaling their infrastructure, all while introducing the middlemen risks that plague the cloud today. It’s a hot mess.
As for the governance token in question, it’s not out yet, and is set to be released as an “SEC regulation D exemption security”, whatever that means. But what is released is a scam coin listing, prominently featured on CoinMarketCap. My initial thought was, great buy! Because the scam coin is listed on none other than Solana, and I had hoped to write this article about these generational economic talents choosing to adopt the true chain of the people, and our future decentralized computer. But that is, as they say, how they get you.
Fortunately, I did finish researching this article, and saved myself from another disappointing meme coin bet. I also turned up no immediate utility in the project to speak of. As of right now, World Liberty Financial is little more than a Telegram message and a broken link to a press release at the moment. That said, Trump was at Bitcoin Burger Bar (say that ten times fast) in New York this past week continuing to vie for the crypto vote, so no one can say he’s not pulling his weight in the push for mass adoption.
One can only hope the Trump Boyz, or at least the more sensible among us, wake up to the quiet centralization the Ethereum Foundation has introduced to the web3 space, perverting this potentially liberating technology. Sorry, not sorry, Orange Pilled Maxis.
—El Prof
©2023 PLAYHAUS CORPORATION — All Rights Reserved — Legal Policies
Heart&SOL is a daily newsletter at the intersection of AI, cryptography, and online culture.
Be first to the future.
