Web3 🌘 Thursday Roundup: Solana's BONK, Cardano Unveils Wallet, Fed & Worldcoin Expand
1/ 📈 Solana Meme Coin BONK Soars 21% Ahead of Coinbase Listing.
2/ 📢 Cardano Unveils DApp-Ready Identity Wallet.
3/ 💰 Bitcoin Bounces as Fed Hints at Rate Cuts, Altcoins Blast Off.
4/ 🌐 Worldcoin Expands Integrations with Minecraft, Reddit & More.
For further details, let's keep reading! 👇
Welcome, crypto enthusiasts! In this article, we cover BONK, the Solana meme coin, is back with a vengeance, soaring 21% ahead of its Coinbase debut. Cardano's got a game-changer up its sleeve: a revolutionary Identity Wallet that puts your digital identity in your hands. The Fed just dropped a bombshell – interest rate cuts are on the horizon, sending Bitcoin and altcoins into overdrive. And Worldcoin? They're making waves with iris-scanning tech, integrating with Minecraft and beyond!
Stay tuned for more detail!
1/ Solana Meme Coin BONK Soars 21% Ahead of Coinbase Listing. 📈
After a brief dip, BONK, the leading Solana meme coin, surged 21% on Wednesday following Coinbase's announcement of its imminent listing this coin on Thursday. Despite a brief dip following Tuesday's initial announcement, BONK rallied over 21% on Wednesday, currently up 77% this week and 736% in the past month. Its meteoric rise has even landed it the title of third-largest "dog-inspired coin" by market cap, following Dogecoin (DOGE) and the Ethereum-based Shiba Inu (SHIB).
While BONK carries an "experimental" label on Coinbase, its inclusion on the major exchange marks a significant milestone for the meme coin and its Solana community.
Andrew Hayward
2/ Cardano Unveils DApp-Ready Identity Wallet. 📢
The Cardano Foundation has taken a major step forward in the world of digital identity with the launch of its new Identity Wallet. This innovative product promises to revolutionize the way we interact with decentralized applications (dApps) by providing a secure, private, and interoperable platform for managing our digital identities.
Some of the key features of the Cardano Identity Wallet: W3C compatibility, self-sovereign identity management, seamless dApp interaction, user-friendly interface, interoperability, KERI support, and mobile availability.
The launch of the Cardano Identity Wallet is a significant development for the blockchain industry. It has the potential to make it easier and safer for people to use dApps, and it could also help to promote the adoption of blockchain technology more broadly.
Sujha Sundararajan
3/ Bitcoin Bounces as Fed Hints at Rate Cuts, Altcoins Blast Off. 💰
Bitcoin roared back above $43,000 Wednesday, dragging the entire crypto market and crypto-related stocks higher after the Federal Reserve hinted at interest rate cuts next year. This dovish stance sent risk assets soaring, with altcoins like Cardano's ADA and Avalanche's AVAX leading the charge with near 10% gains. Bond yields and the dollar tumbled, further fueling the rally. Crypto exchange Coinbase and bitcoin miner Marathon Digital were among the biggest winners, with both surging over 8%. The message is clear: investors are feeling optimistic, and crypto is riding the wave.
Krisztian Sandor
4/ Worldcoin Expands Integrations with Minecraft, Reddit & More. 🌐
Worldcoin, a crypto project co-founded by Sam Altman, has added integrations for its World ID with Minecraft, Reddit, Telegram, Shopify and Mercado Libre. The company already supports integrations with Discord, Talent Protocol and Okta’s Auth0.
Worldcoin has also created three different authentication levels: The “casual” or “World ID device level” involves downloading the Worldcoin app and creating a World ID. You don’t need to use the Worldcoin Orb to scan your irises to prove you’re a person, and only have to make a profile. The “standard” or “World ID Orb” level involves creating a profile and also getting your irises scanned by one of the company’s Orbs to verify your identity. “High” or “World ID Orb+” security requires you to also use facial recognition to secure the app besides the previous two steps, Sada said.
Worldcoin is also expanding its onboarding operations in Mexico and Singapore. Sada said the company is also working on bringing it to more countries in Asia.
Worldcoin's goal is to make it easier for people to prove they are human online, and the company hopes that its new integrations and authentication levels will help it to achieve this goal.
Jacquelyn Melinek
Conclusion:
From meme coin mania to identity revolutions, economic pivots to Web3 expansion – the unpredictable, the innovative, and the sheer potential to reshape the way we interact with the digital world.
Disclaimer: The information provided in this blog post is based on external sources. Please do your own research and due diligence before making any investment or financial decisions based on the content shared here.
