More than half of the top 25 TRUMP tokenholders — those eligible to apply for a "VIP tour" with the president — reportedly used foreign exchanges that exclude US-based users. At least some of the top holders of Donald Trump’s memecoin who apply to attend a private dinner with the president could be based outside the United States. According to a May 7 Bloomberg report based on an analysis of the top TRUMP tokenholders, 19 of the top 25 wallets on the leaderboard used foreign exchanges that exclude US-based customers, suggesting either foreign nationals or Americans living abroad. In addition, more than half of the top 220 holders — the group eligible to apply for a dinner with the president — also used exchanges in other countries. As of May 7, the identities of the top tokenholders and those who might choose to apply for the May 22 Trump dinner and “special VIP tour” were unknown. However, the project stated that anyone who applied could not bring guests, had to pass a background check, and “can not be from ...
Bitcoin profit-taking "dominates" as price continues to rise, and this can easily extinguish the bull market comeback, research from CryptoQuant warns. Key points: Bitcoin investors are making the most of the highest price levels in several months by cashing out profits. These are averaging $1 billion per day, leading to concerns that the market comeback may stall or even reverse. Read more
SocialFi's struggle to succeed stems from technical hurdles, user experience barriers, and fragmentation. It needs purpose-built infrastructure, seamless user experiences, and innovative social networking models. Opinion by: Anurag Arjun, co-founder of Avail On paper, SocialFi is a no-brainer. It promises to shift the balance of power in social media — giving people control over how their content and personal data are used and monetized. It even offers users a stake in the $200+ billion social media advertising market, a pie currently devoured almost entirely by giants like Meta. And yet, SocialFi platforms today feel more like digital ghost towns than the bustling hubs of Web2. Friend.tech, hailed as a breakout star in 2023, peaked at just 80,000 daily active users before falling below 10,000. What's holding SocialFi back? Why does it seem to be following Friend.tech's fade into obscurity rather than rising to rival Facebook's dominance? Read more
Security should be transparent, auditable, and accessible to everyone building in this space, a Safeheron spokesperson told Cointelegraph. Safeheron, a digital asset infrastructure provider based in Singapore, has introduced an open-source Trusted Execution Environment (TEE) framework. This solution could bolster security and privacy for Web3 in sectors like decentralized finance (DeFi), payment services, and decentralized autonomous organizations. The TEE framework is the first built upon the native Intel SGX SDK and developed using modern C++, a general-purpose object-oriented programming language often used for operating systems, game development, and high-powered computing. Safeheron decided to open-source the framework because the company had seen growing concerns across the industry about closed, opaque systems, especially as security incidents have become more widespread. Read more
XRP price is up today as macroeconomic conditions improve, but traders say key support levels must hold to sustain a recovery to new all-time highs. Key takeaways: XRP price is up 2% on May 7, buoyed by US-China trade talk optimism, with key support at $2.08 critical for sustained recovery. Whale accumulation signals XRP price strength. Read more