2 hours ago
A lucky crypto trader scored a gigantic return after investing early in the new native asset of a non-fungible token (NFT) project built on Solana ( SOL ). The market analytics platform Arkham Intelligence notes that someone bought only $6 worth of PENGU , the new utility token for the NFT project Pudgy Penguins, then added it to the Solana-based decentralized exchange (DEX) Raydium ( RAY ) paired with $1100 worth of SOL. Explains Arkham, “Multiple users trying to snipe PENGU’s launch swapped into his pool, and bought tokens at highly unfavorable prices – earning him a profit of $87,000 in SOL and PENGU from this position.” Source: Arkham/X Binance listed PENGU for trading on Tuesday after the project’s airdrop on Monday. The token, which is already the 68th-ranked crypto asset by market cap, is trading at $0.0383 at time of writing and is up nearly 12% in the past 24 hours. Pudgy Penguins announced earlier this month that it planned to launch PENGU on the Solana network. “With PENGU, the millions of Pudgy Penguin fans and the hundreds of millions of people outside of crypto that see and share the Pudgy Penguin every day finally have the opportunity to align themselves with the character… PENGU will have a total supply of 88,888,888,888 and will launch on Solana.” Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post From $6 to $87,000: Early PENGU Holder Scores Big on Solana-Based Memecoin: Arkham appeared first on The Daily Hodl .
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Harbour Teams with Velocity Labs to Launch Instant Stablecoin Payment Between EU Banks and Polkadot
London, UK, December 19th, 2024, Chainwire Harbour , in partnership with Velocity Labs , announces the launch of their stablecoin payment system “Magic Ramp”, connecting SEPA Instant payment rails with Polkadot. This collaboration seamlessly integrates TradFi banking systems into Web3, providing efficient, low-cost payment solutions. Magic Ramp allows Euros to be sent from any bank account and received as USDC on-chain in less than 30 seconds, with minimal fees while funds held in Web3 wallets can be received as Euros in bank accounts with the same speed. For the first six weeks following the launch, these bank-to-on-chain transactions will be available at no cost. Through this partnership, developers can now issue virtual IBANs that are linked to Polkadot wallet addresses and bridge SEPA Instant payment rails in Europe with the Polkadot Asset Hub. James Brownlee, CEO of Harbour, shared, “Polkadot’s infrastructure enables instant, low-cost stablecoin transfers, which aligns with our goal of making blockchain interoperable with traditional banking. This partnership expands the design space for developers working on stablecoin-based solutions.” Potential use cases include efficient on-and-off ramps for Web3 users, stablecoin payment gateways for merchants who prefer receiving Euros, international payroll, bill payments, and cross-border remittances. Nicolas Arevalo, CEO of Velocity Labs, stated “Among all the on-ramp providers we’ve worked with, Harbour stood out by blending the convenience of on-ramps with the speed and cost of CEX on-ramping. This will allow stablecoins in Polkadot to become seamlessly accessible with negligible fees.” Harbour’s Magic Ramp makes it simple for traditional banking entities to integrate with Web3 in a way that addresses practical challenges in payments to meet evolving market needs. For more information, users can visit Harbour.fi or try out the Magic Ramp at https://ramp.harbour.fi/polkadot For media inquiries, users may contact Jonathan Duran at Jonathan@Distractive.xyz About Harbour Harbour.fi is an innovative payments platform bridging traditional banking and blockchain rails with Stablecoins. Harbour is headquartered in the United Kingdom with a branch in Poland, EU. About Velocity Labs Velocity Labs is a core contributor to Polkadot, dedicated to transforming it into the premier platform for DeFi development in Web3. As strategic partners, we empower builders and infrastructure providers with comprehensive support across business development, go-to-market strategy, engineering support, and product strategy. Contact Comms & PR manager Jonathan Duran Distractive jonathan@distractive.xyz The Daily Hodl
BitFuFu surpasses 520,000 registered cloud-mining users
More on BitFuFu BitFuFu Earnings: A Bad Q3 And Larger Concerns BitFuFu: Cloud Mining Is Powering Growth BitFuFu enters long term lease agreements for two mining facilities BitFuFu says 1,643 BTC held, and 84 produced from self-mining operations in November Seeking Alpha’s Quant Rating on BitFuFu The Daily Hodl
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