In an unexpected turn of events, memecoin $Pnut surged to a market cap of over $120 million, bringing overnight wealth to many traders. The quirky story behind $Pnut adds to its charm and appeal.

It all began in 2017 when Mark Longo rescued a squirrel injured in a car accident, naming it Peanut. Longo shared Peanut’s antics online, building a loyal fan base. Inspired by the pet's popularity, developers later created the $Pnut token on the Solana blockchain, with “Pnut” as a playful nod to Peanut’s name.

After launching $Pnut, Mark and associated wallets soon sold all holdings, earning around $73,000. The token’s popularity exploded, hitting an $8 million market cap on November 1, fueled by social media buzz and celebrity endorsements from Elon Musk and Dogecoin, who shared Pnut-related content.

However, controversy arose when the New York State Department of Environmental Conservation (DEC) seized Peanut over legal concerns, euthanizing the squirrel for rabies testing. This sparked public outrage and even caught the attention of Congressman Nick Langworthy, who criticized DEC's priorities. With the U.S. election season underway, $Pnut has become a symbol of unexpected fame and social debate, marking another unpredictable chapter in the meme coin universe.

Chainlink Data Streams Launch On Solana📊

Chainlink Launches Data Streams on Solana, Revolutionizing DeFi with Real-Time Market Data.

Chainlink (LINK) has officially launched its Data Streams on the Solana Mainnet, providing developers with access to high-frequency, sub-second market data. Chainlink's decentralized infrastructure powers this new capability, enabling Solana developers to enhance their applications with real-time data feeds. The integration promises to significantly improve the performance and reliability of decentralized finance (DeFi) projects on the Solana blockchain.

GMX has adopted Chainlink's Data Streams as its official Oracle solution for GMX V2 on Solana as part of this launch. This partnership highlights the growing collaboration between leading blockchain projects and the importance of robust data solutions in the rapidly evolving landscape. With Chainlink's advanced technology now available on Solana, developers can build more sophisticated and responsive applications, further driving innovation within the ecosystem.

Harvard Study Explores Helium and DePIN🎈 

Harvard's Study on Helium Set to Unveil Insights into Decentralized Physical Infrastructure Networks.

A comprehensive 20-page study on Helium, conducted by Harvard Business School, is set to be released next week, and the excitement surrounding its findings is palpable. This research delves into the launch of what is now recognized as Decentralized Physical Infrastructure Networks (DePIN), exploring the innovative approaches Helium has taken in decentralized networks. The anticipation for this study highlights the growing interest in how blockchain technology can transform traditional infrastructure models.

Special thanks are due to key contributors, including Monero Mahesh, Professor Tamayo, and the Nova Labs team, whose efforts have been instrumental in bringing this study to fruition. Their collaboration underscores the importance of academic research in understanding and advancing the applications of decentralized technologies. As the release date approaches, many are eager to gain insights into the implications of DePIN and its potential to reshape various industries.

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Brazil's First Solana Spot ETF Set For November 5th🇧🇷

Brazil to Launch World's First Solana Spot ETF, Pioneering Cryptocurrency Investment in Traditional Markets.

In a groundbreaking move for the cryptocurrency investment landscape, Brazil is set to launch the world's first Solana Spot Exchange-Traded Fund (ETF) on November 5th, 2024. This significant development follows the approval granted by the Brazilian securities regulator (CVM) on August 7th, 2024. The introduction of this ETF signals a growing acceptance of digital assets within traditional financial markets, providing investors with a new avenue to engage with the rapidly evolving world of cryptocurrencies.

The approval of the Solana Spot ETF not only marks a milestone for Brazil but also sets a precedent for future cryptocurrency ETFs in other global markets. As the first of its kind, this ETF is expected to attract both institutional and retail investors, further legitimizing the role of cryptocurrencies in investment portfolios. The launch reflects a broader trend of regulatory acceptance and innovation in the financial sector, paving the way for more diverse investment opportunities in cryptocurrency.

A Week At RR🗓️

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