Monat: Juli 2024

• Ryan Selkis is stepping down as CEO of crypto platform Messari.
• Eric Turner, the company’s chief revenue officer, replaces him as interim CEO.

Ryan Selkis is stepping down from his role as CEO of crypto platform Messari, the firm announced on Friday.

Selkis, whose exit as CEO will see him take up a senior advisor role, is taking this step after a week that saw him face post a series of controversial political tweets.

“A leader’s first responsibility is to his team. This week was the first week in 6.5 years that my politics and rhetoric put the team in harms way,” he wrote. “As such, I have decided to step aside as CEO.”

Selkis’ political tweets

Selkis has increasingly been vocal in his support for former President Donald Trump’s candidacy in the upcoming US election. Having castigated President Joe Biden severally on X, Selkis became particularly ill-tempered after last week’s attempted assassination of Trump during a campaign rally.

In one tweet, he noted that anyone looking to vote against Trump in November could as well “die in a f*cking fire.” He also called the upcoming election “literal war” and told an immigrant that he hoped the US sends them back.

On July 18, Selkis shared via X that the attempted assassination had USA “narrowly” avoid Civil War. He met the Messari team after he “ran too hot this week,”- referring to his outbursts and statements on X.

Messari confirmed his exit:

“Ryan recently let us know of his decision to step back from an operational role as the CEO of Messari so that he can focus his time fully on crypto policy and national issues of importance to him. Messari would not be the company it is today, or what it will be in the future, without Ryan’s clear vision and devoted leadership,” the company announced.

Eric Turner, the company’s chief revenue officer, will take over as the interim CEO.

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• Solana (SOL) breakout above $160 could ignite rally to new year-to-date highs.
• Poodlana (POODL) has hit $1.4 million in presale, just 48 hours after launch.
• Catalysts such as SOL price gains, Asia’s love for Poodlana and meme coins surge make POODL attractive in presale.

Solana (SOL) is trading above $160 as bulls look to strengthen. Meanwhile, viral meme coin Poodlana (POODL) has ignited a major frenzy as its presale smashes past the $1.4 million mark within 48 hours of launch.

SOL has analysts eyeing recent highs amid positive sentiment, likely driven by further gains for BTC and ETH.  Solana’s price is among the top gainers in the past 24 hours on CoinMarketCap at the time of writing, springing more than 2.4% as trading volume surpasses $2.7 billion.

Solana targets new momentum above $160

The price of Solana has returned to levels seen when the cryptocurrency benefited from upside sentiment from spot SOL exchange-traded funds (ETFs) applications. VanEck and 21Shares filed their respective spot Solana ETFs a few weeks ago.

A run for Solana meme coins is also shaping up as SOL changes hands above $160.

Bulls might target $175 if they build momentum above $164, which analysts say is a key supply wall area. Yet, with meme coins like dogwifhat (WIF) leading the upward charge, the likelihood of SOL hitting full gas towards $200 is increasing.

Interest in presale trendsetter Poodlana could also be another factor.

Poodlana presale quickly raises $1.4 million

The Solana meme coin market has top tokens like WIF, BONK and POPCAT. But none have mastered as much interest from crypto as has Poodlana – the Solana meme coin that has exploded onto the scene by going viral in Asia.

In just over 48 hours, Poodlana’s presale has raised over $1.4 million.

The project surpassed the $1 million milestone within 24 hours as FOMO kicked in across the market. Most of the presale pace has come from Asia where the poodle is a top dog breed – the glamourous entry says it all.

POODL – how attractive is Poodlana?

Poodlana is a crypto meme project that combines the appeal of the poodle, the fashion world’s entry into crypto and the rapid growth of meme coins on Solana.

Asia, with Japan, Korea and China at the helm, are key destinations for all three – Asian’s love poodles, the region commands huge volume in the crypto market and top meme coins have found the earliest traction before going viral in Asia.

The expectation is that Solana is set for a new bull run, and so are meme coins. A quick-fire sale that will see Poodlana launch its first DEX 60 minutes after presale close also means POODL would be ready to explode amid a broader market spike.

Poodlana price

With 500 million POODL on offer during the presale, an early bird looks like the best time to position with Poodlana.

Currently, POODL remains priced at $0.02 in the first stage of presale. However, it will rise through the next nine stages as the 30-day presale speeds towards the final day on August 16, 2024. Immediately after, Poodlana will be trading live on the market, offering early adopters the chance to bask in glamour and opportunity.

More details about Poodlana are on the official website.

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Polygon Labs has announced Ethereum Layer 2 blockchain Polygon’s technical upgrade for MATIC to POL will go live on September 4, 2024.

The Polygon (MATIC) price traded lower amid the news, although the losses also reflected the downside pressure across other cryptocurrencies.

MATIC to POL transition

Polygon’s transition from MATIC to POL is an upgrade that first surfaced in July last year and made to community governance via PIP-17 in September.

In this proposal, the key idea is the replacement of MATIC with a new token that would be used for gas and staking. This upcoming upgrade is a step that follows the POL ERC-20 contract implementation in October 2023.

Polygon Labs made the official announcement for the upgrade to POL on Thursday, revealing the initial phase as one that will see POL replace MATIC. In later phases of the upgrade, POL will take on more network functionality, including in the AggLayer.

The AggLayer is a decentralized protocol with a common bridge and ZK-powered mechanism designed to solve issues of blockchain fragmentation through sovereign chains and shared liquidity.

“But even as the aggregated Polygon network emerges, POL will have immediate utility on the widely adopted Polygon Proof-of-Stake (PoS) network that exists today: POL will be the native gas and staking token of Polygon PoS—and fundamental to Polygon network security,” Polygon Labs wrote in a blog post.

What does it mean for MATIC holders?

According to Polygon Labs, those who hold MATIC on the Polygon PoS chain don’t have to do anything as the upgrade from MATIC to POL will be automatic.

However, for holders with their MATIC tokens on other chains and platforms may have need take certain actions. These other chains include Ethereum and Polygon zkEVM as well as centralized exchanges (CEXs).

In this case, when the upgrade date rolls in, those ready to migrate MATIC to POL will need to use a migration contract.

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