Episode 442
Solana DEX Volume Tops $60M:
Solana's decentralized-exchange ecosystem has registered a trading volume of $60 million this month, nearly double Ethereum's.
Solana earns more than Ethereum, generating $25 million in revenue this month compared to Ethereum's $16 million.
Solana's dominance is powered by frenzied memecoin trading, supporting the bullish case in the SOL-ETH ratio.
Crypto Investors Lost Over $500M in Memecoin Rug Pulls and Scams:
Hackers are using social engineering to scam investors, often promoting rug pulls after gaining access to a celebrity's social media account.
More than $500 million was lost to memecoin rug pulls and scams in 2024, with 75% of attacks taking place on X and 19% on YouTube.
Poland Central Bank Will Not Buy Bitcoin:
Poland's central bank will not consider holding Bitcoin reserves "under any circumstances," citing the need for absolute security.
The bank's president compared Bitcoin unfavorably to gold, which helped the bank's reserves increase in value by 22% last year.
Other central banks, such as the Czech Central Bank, are exploring the possibility of investing in Bitcoin.
Elon Musk-Led Group Offers to Buy OpenAI:
A consortium of investors led by Elon Musk offered $97.4 billion to acquire the nonprofit that controls OpenAI.
Musk's bid is seen as a counterattack to OpenAI CEO Sam Altman's plans to convert the nonprofit into a for-profit firm.
The move highlights the ongoing debate over the future of artificial intelligence and its potential impact on society.
