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Web3 universe unveiled: your weekly insights

Tanja Nechet

News editor

Jul 10, 2024 at 05:50

Greetings, crypto pioneers! 🚀  Dive into the freshest updates and market trends. Let’s explore together!


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💫 Starknet will open up stacking by the end of the year

According to CoinDesk,  Layer 2 network Starknet will open up staking in its ecosystem by the end of 2024, developer StarkWare announced Wednesday. The news was announced at the Ethereum Community Conference in Brussels, Belgium, by the company’s CEO Eli Ben-Sasson.

Ben-Sasson presented a proposal for improving Starknet to the community, which proposes that users could choose whether to become a staker, and the rewards for participation would be proportional to the number of STRK tokens delivered.

💦Lionel Messi promotes a new Solana-based memcoin 

The football legend is touting a new memcoin called Watercoin (WATER) on his social media accounts, which is supposedly aimed at raising awareness and addressing environmental issues. Lionel Messi is promoting $WATER through Instagram Stories.

According to WaterCoin’s documentation, the project aims to raise awareness of water-related issues with the goal of becoming a full-fledged environmental coin in the future. WaterCoin’s roadmap outlines four stages, from initial token presale, centralized exchange listing and celebrity partnerships, to the final stage of becoming a “charity-focused environmental currency.” Details about the project can be found here.

😲 TON breaks new records

According to a report by Messari analysts, the number of daily active addresses on TON exceeded the number of active addresses on ETH. At this rate, TON will be able to onboard 500M users by 2028.

🕵️ CoinDesk: ex-employee of Polychain Capital secretly collaborated with Eclipse Labs

Cryptocurrency venture capital giant Polychain has accused former employee Neeraj Pant of making a behind-the-scenes deal with portfolio company Eclipse Labs that violated the fund’s rules.

According to three sources close to the situation and internal Eclipse documents reviewed by CoinDesk, Neil Somani, the former CEO of Eclipse Labs, quietly allocated Pant a 5% stake in the upcoming Eclipse crypto token in September 2022 – just days after Pant instructed Polychain to lead the company’s preliminary $6M funding round. The stake was eventually reduced to 1.33%, which amounts to $13.3M.

According to sources, Somani promised the tokens as an incentive for Pant to secure funding for Polychain.

🔑 Key crypto market highlights (July 10-17)

💵 Ideas

[1] 🔔Tabi launched the Tabi Zoo tap game on Telegram 

A little reminder: Tabi is an NFT marketplace built on the Binance Smart Chain (BSC) blockchain, which combines elements of traditional internet (Web2) and decentralized Web3 technology. The project was launched last year and has raised $11 million in investment from leading funds including Binance Labs, HashKey Capital, Animoca Brands and others.

Recently, the Tabi team announced game launching on Telegram. 

👉Link to the game.

[2] 🔔Anticipating Altcoin Surge in 2024

Recently, the market reversed and started going up after reaching a key low point, and prices bounced back to the middle of this year’s price range. In trading terms, this middle point is a common place to take some profits.

Currently, prices are hovering around this middle point and are expected to dip slightly into a marked area of support before moving higher again, aiming for the top of the range.

According to Serenity Equity technical analysis, altcoins will likely rise until the end of 2024. After that, we anticipate Bitcoin’s dominance to increase rapidly until 2027, which means altcoins will likely decrease in value during that period.

*Any technical analysis, in the long run, cannot accurately predict the movement because now is a very tough market and the news can swing currencies in all directions.

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