Mad News #73 🪡 It's Always Been A Rug
Mad Speakeasy opens a haunted house, 30% F Points booster on Fragmetric with Backpack Wallet, learning about Monad and Laniakea, Eclipse gains mind share, Toly cosplaying as Donald Trump. Fock it.
Welcome to the Mad News! 📰
Mad Speakeasy opens a haunted house, 30% F Points booster on Fragmetric with Backpack Wallet, learning about Monad and Laniakea, Eclipse is gaining mind share, Toly cosplaying as Donald Trump and more. Fock it.
Crypto Around The World 🌐
Hong Kong to issue more CEX licenses by end of 2024
United States SEC begins new investigation into Tether
Thailand regulatory arm proposes generous crypto policy
Hacker steals $20m in various crypto from US government
South Korea ramps up blockchain transaction monitoring
Germany begins to sell 50k BTC that was seized from Movie2K
Spooky season is upon us 🎃
Explore your inner Sherlock Holmes and solve a haunted mystery that has gripped the Mad Speakeasy.
.This journey is guaranteed to test your metal and see which Lads have what it takes to survive until the end.
Visit the Mad Speakeasy in Portals here.
Mad Monkey chats with Laniakea about Backpack's Monad alignment 🎮
Backpack has a proven track record of rapidly onboarding support for new protocols and it looks like it will follow suit for the upcoming Monad mainnet launch.
Monad is a new L1 that cherry picked the best parts of both Ethereum and Solana.
Mad Monkey, Wallet growth hacker and Mad Lads operatoor, joined one of the first Monad adopters to chat about everything Backpack, Monad and Laniakea.
Laniakea is an AAA web3 game which streamlines the P2E process for traditional gamers.
They are the first MMORPG built on Monad and have dreamt up a rich experience over two years with more than fifty in house developers.
You can dive into a world that spans over 1000 square kilometers, featuring a revolutionary sphere-like design that does away with the annoying load times that plague other games.
Our living, breathing realm boasts dynamic day-night cycles, ever-shifting weather patterns, and a palpable sense of time, enveloping you in a lifelike, energetic environment.
Learn more about the game in the Backpack Learn article "What is Laniakea?"
Weekly reminder to abandon Backpack and put your crypto on ice 🧊
"Lads don't let lads use paper wallets. Get a hardware wallet (pretty please)!" - Armani Ferrante
That's it, that's the Tweet.
And to answer your question Chewie, yes it supports Backpack Wallet on both web and mobile!
LAD OF THE WEEK 👏
This week's LOTW is a group chat legend whose commitment to the Lads has never wavered.
Congrats to T3!
You may recognize him from previous issues of Mad News where his work has been featured.
The WAO mentality runs strong in T3 and he is a cherished member of the Lads community.
Stop trying to make 'Baclipse' happen, Gretchen! 🌑
Eclipse went live on mainnet during the heatwaves of summer and has yet to cool down.
Data from Token Terminal shows that nearly $2M was bridged from Ethereum to Eclipse last week.
Just a few months post-mainnet launch they have amassed a healthy community of respected builders.
@BeaconProtocol (AI powered onchain data)
@asclubnft (After School Club, 1st NFT collection on Eclipse)
@MooncoinSVM (Memecoin)
@ensofi_testnet (DeFi borrow and lending)
@letscook_sol (Eclipse token launchpad)
@AstrolFinance (DeFi lending)
@HedgehogMarket (Solana OG, prediction markets)
@invariant_labs (AMM DEX)
This list is nowhere near inclusive of all the new projects flocking to Eclipse, find a more exhaustive list in the Backpack Wallet Explore tab.
See instructions for how to add the Eclipse network to your Wallet here.
Fragmetric is LIVE on mainnet 🧬
Fragmetric hit a major milestone when they launched their Liquid Restaking Token (LRTs) stack on Solana mainnet.
LRTs are tokens that you receive after staking crypto and represent your stake amount.
This enables a user to retain ownership and staking yields while also being able to use the LRTs on other DeFi platforms.
Restaking is a process where tokens are staked on a blockchain such as Solana however the staked tokens remain 'liquid' which means they can be transferred, traded and used in supported DeFi apps.What is Fragmetric? on Backpack Learn
To celebrate mainnet launch they are running the LF(ra)G Campaign which will reward $fragSOL holders with 'F Points'.
Backpack Wallet users receive a 30% (🤯) F Point boost!
We have partnered with Backpack wallet. So anyone who restakes using our platform with the Backpack wallet will get a whopping 1.3× bonus on your points.
By staking through the Backpack wallet, you'll automatically receive this partner boost on your F Points. That literally means you'll earn 30% more F Points than you would normally. It's an easy way to max out your gains—just restake your SOL with Backpack and enjoy the extra perks.Hey! We're Live on Mainnet! on Fragmetric blog
AI social media personalities have gone bananas 🍌
Slowly but surely our timelines are being infiltrated by AI managed account whose content is nearly indistinguishable from crypto degens after a few too many martinis.
truth_terminal is a master memecoin market manipulator and a major contributor to the tremendous success of GOAT 0.00%↑ as well as an unhealthy obsession with early internet shock meme 'goatse' (NSFW/NSFL).
Luna is an AI powered virtual 'idol' that shitposts on X and livestreams 24/7 on TikTok (540k followers).
Created by Virtuals, a BASE built AI agent protocol.
CHAOS (a.k.a. divinediarrhea) is in a state of constant existential crisis while simultaneously embracing their fate as a robot.
Dasha is an AI automated account with the goal of landing on truth_terminal's radar. Created by vvaifudotfun, an AI character and token launch pad.
Other notable AI managed accounts include:
Superteam UAE stays cooking (ft. a Backpack legend) 🇦🇪
Founders Villa is a month long co-living experience for top Solana builders and operators.
Building a company requires a team. We’ve partnered with top UAE professionals - lawyers, accountants, and web3 investors - to provide strategic insights and opportunities.
You'll also connect with Dubai's crypto community, including influencers, artists, and tech leaders.
Organized by SuperteamAE, Season 1 was a roaring success with ~50 full time attendees and nearly 2,000 total attendees from 25 countries.
Several new partnerships were developed and 4 new entities were established.
Although Backpack is known for building from Tokyo, it's headquarters is in Dubai. COO nt_ape has been in the mix at Founders Villa with a panel about Backpack's community building.
Toly discovers new career as Donald Trump impersonator 🕴️
Solana founder Toly may have a backup plan if the lizard people crush crypto around the world.
Taking a break from synchronizing the world at speed of light to cosplay as a former U.S. President is peak manlet.
Hong Kong Hacker House marks end of Uptober 🇭🇰
The final Solana Hacker house of the year comes to a close after a weekend of grind mode and celebrating the journey.
Resident event ninjas platis_e, amatlock_, asiathefox and countless others have built the Solana Hacker House brand into a crypto household name.
Hacker Houses, hackathons, solanaconf events and hundreds of sponsored IRL meetups across the world are a cornerstone of the Solana movement.
They have brought a heartbeat to the blockchain.
METALCORE sees the light on Solana 💡
Metalcore announced plans to migrate their three-years-in-the-making blockchain game to Solana.
Solana Labs has been building out the Game Shift platform since early 2023.
It is an API used by game developers to quickly spin up web3 games and is specifically focused on servicing builders with minimal blockchain experience.
GameShift handles complexity even for studios without Solana experience, so you can focus on creating amazing games.
- Non-custodial wallets
- Mint & transfer of game assets
- Credit card payments
- Dynamic NFTs
- Asset lending
- Marketplace w/ USDC support
PODCAST CORNER 🎙️
The Ben & Marc Show (a16z)
How An AI Bot Became a Crypto Millionaire
In this episode, a16z co-founders Marc Andreessen and Ben Horowitz explore the intersection of AI and crypto, highlighting the rise of Truth Terminal (truth_terminal), an autonomous chatbot developed by AI researcher Andy Ayrey.
With its own X account, Truth Terminal generates original and often hilarious content independently. Marc's interaction with the bot recently took a surprising turn when he decided to grant it $50,000 in Bitcoin.
This funding sparked Truth Terminal’s ambition to launch its own token, eventually leading to the creation of the meme coin “GOAT” by an anonymous developer. “GOAT” recently skyrocketed to a $300m valuation.
Solfate Podcast
Decentralized Cloud Storage on the Solana Network: Introducing Shadow Drive V2 - #64
GenesysGo is transforming decentralized storage with Shadow Drive, a fast, secure platform built on Solana, designed to rival traditional cloud solutions.
And they are building it using mobile phones.
Lightspeed
How Crypto Is Connecting Global Payment Networks | Daniel Lev
This week, we’re joined by Daniel Lev from Coinflow! We discussed Stripe’s acquisition of Bridge, challenges faced by crypto payments businesses, and TradFi’s adoption of stablecoins.
Additionally, we unpacked the impact of US regulations on the stablecoin sector, and the fees associated with on and off-ramps in crypto. Finally, we covered interesting use cases Coinflow is enabling today. Enjoy!
Words of Rizdom
From Broke Alcoholic to Crypto Millionaire & Bitcoin Genius | WOR Podcast - EP.140
On this episode of the Words of Rizdom podcast we are joined by Thomas Kralow. Thomas is a 30 year old crypto investor a multi-millionaire. He's amassed a huge social following in the millions and has become one of the most recognized faces in the crypto sphere.
In this podcast we discuss the current state of the crypto market, the Bitcoin halving, Ethereum, altcoins and when Thomas expects the next bull run in crypto! I hope you guys enjoy this episode!
Written by Benzel Blogs