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The Protocol Weekly Update: Crypto Insights from the U.S. Presidential Debate

Stay informed with our latest weekly update on crypto insights from the U.S. presidential debate. Discover how political discourse is shaping the future of digital currencies and what it means for investors and the market.

Published

2 months ago

September 15, 2024

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The Protocol Weekly Update

This week’s edition of The Protocol dives into the lively crypto discussions following Tuesday’s U.S. presidential debate, which proved to be as bizarre and entertaining as one might expect.

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Polymarket bettors had an extra screen to keep an eye on during Tuesday’s debate. (Sam Reynolds)

The Protocol Weekly Update: Crypto Insights from the U.S. Presidential Debate

THE GREAT DWEBATE: The excitement of tuning into the U.S. presidential debate between former President Donald Trump and Vice President Kamala Harris was almost matched by the activity on the prediction-betting platform Polymarket and the surge of memecoins emerging from the token launchpad Pump.fun. As the debate unfolded, the odds on Polymarket began to shift, indicating that Harris was gaining the upper hand. Notably, crypto-friendly money manager and former Trump White House communications director Anthony Scaramucci tweeted, “Trump just getting destroyed,” along with a screenshot from Polymarket about 40 minutes into the debate.

The night also witnessed a flurry of side bets and the launch of numerous memecoins, including whimsical names like DWEBATE, DOMALA TRUMPIS, PEPEDENTIAL DEBATES, and WW3. These were designed to either poke fun at the debate or highlight some memorable moments, although many names certainly strayed far from family-friendly. Some Polymarket bets yielded significant returns when Trump made a controversial claim—deemed false by the Wall Street Journal—that migrants were “eating the dogs” in Springfield, Ohio. This absurd remark even inspired new memecoins like EATING DOGS AND CATS.

The Protocol Weekly Update: Crypto Insights from the U.S. Presidential Debate

For those hoping for in-depth discussions on crypto policy during the debate, disappointment was the order of the day, as there was not a single mention of Bitcoin or digital assets. Nevertheless, the crypto community was very much alive on social media.

Notably, at least 12 memecoins named “Run Spot Run” emerged on Pump.fun following a comment during the debate by former President Donald Trump. (Pump.fun)

ALSO: Coinbase Layer-2 Success: Marketing Triumphs Over Innovation

A recent chart from on-chain data provider Token Terminal highlights how the Coinbase layer-2 network, Base, has been accelerating in recent months while other layer-2 solutions have faced declines. (Token Terminal)

The Protocol Weekly Update: Crypto Insights from the U.S. Presidential Debate

In the competitive landscape of layer-2 blockchains built on Ethereum, Coinbase’s own version, Base, may not be the most technologically innovative. Launched last year, it utilized code from the Optimism project, leveraging its OP Stack framework for creating new layer-2 networks.

Despite this, Base has impressively climbed to the No. 2 position on the L2Beat leaderboard, claiming an 18% market share of 74 active layer-2 networks. While top-ranked Arbitrum’s Arbitrum One holds a commanding 40% share, Base has overtaken older projects with established reputations for innovative development, such as Starknet and Polygon.

This situation illustrates that, much like in many sectors, the pursuit of blockchain dominance often hinges more on marketing prowess and a robust budget for customer acquisition than on being the most advanced technology. Coinbase has fueled Base’s growth through strategic advertising and promotional activities, including the recently celebrated event dubbed “Onchain Summer.”

The lingering question is whether this surge in activity is sustainable. Are the new accounts legitimate users with genuine on-chain needs, or merely a wave of curious testers exploring the various protocols on Base? Are they opportunistic traders looking to capitalize on limited-time promotions, or are they accumulating usage in hopes of securing future token rewards?

The Protocol Weekly Update: Crypto Insights from the U.S. Presidential Debate

Click here for the complete story by Ian Allison and Bradley Keoun

The Protocol Weekly Update: Crypto Insights from the U.S. Presidential Debate

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Vibhu Norby, CEO and co-founder of DRiP (DRiP)
Deals and Grants
Data and Tokens
Regulatory and Policy

Protocol Village

Check out our top picks from this week’s Protocol Village column, showcasing significant upgrades and news in blockchain technology.

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Tech

Tesla Semi Fire: NTSB Preliminary Report Released

The NTSB’s preliminary report on the Tesla Semi fire has been released. This content includes important information about the details of the incident, the causes of the fire, and Tesla’s safety measures. Explore the impact on Tesla’s electric vehicles and its future steps.

Published

2 months ago

September 17, 2024

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The National Transportation Safety Board (NTSB) released a preliminary report stating that a Tesla Semi electric truck in California required firefighters to use “50,000 gallons” (approximately 190,000 liters) of water to extinguish a roadside fire. Firefighting teams also deployed an aircraft to drop fire retardant on nearby areas as a precautionary measure to control the fire.

The accident occurred on August 19 at 3:13 AM local time on the I-80 highway east of Sacramento. The electric truck went off the road while navigating a curve, collided with a roadside boundary marker, and then struck a tree, coming to a stop. Fortunately, the driver was not injured in the accident; however, considering their health condition, they were taken to the hospital.

The Tesla Semi’s large 900 kWh battery caught fire upon impact, and toxic smoke began to spread during the fire. While the fire continued with temperatures reaching up to 538°C, firefighters worked intensively to cool the blaze with water. However, due to the fire’s effects, the vehicle continued to burn until late in the afternoon. Meanwhile, Tesla sent a technical expert to the scene regarding fire safety and high voltage hazards.

The highway reopened to traffic at 7:20 PM local time, 16 hours after the accident. The NTSB, as an organization that can only make recommendations and cannot enforce regulations, sent a team to the area for investigation purposes. This major accident raised several issues, including dangerously hot fires and toxic smoke, which will attract the attention of many international organizations.

The NTSB had previously stated in 2021 that fires in the batteries of electric vehicles pose serious risks to emergency response teams and that the guidelines provided by manufacturers for such fires are inadequate.

Tech

New Leaks and Features About the Samsung Galaxy S25 Ultra

Discover the latest leaks and features about the Samsung Galaxy S25 Ultra. Equipped with new technologies and advanced features, this smartphone elevates the user experience to a new level. Check it out for details!

Published

2 months ago

September 17, 2024

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New Leaks About Samsung Galaxy S25 Ultra

Samsung is expected to introduce the Galaxy S25 Ultra along with the Galaxy S25 series at the beginning of 2024, likely in January. Although no official announcement has been made yet, leaks regarding the upcoming flagship continue to spread rapidly on the internet. Notable leak source IceUniverse shared several new visuals of the Galaxy S25 Ultra in a post on the X platform. These visuals reveal the design differences between the Galaxy S25 Ultra and the Galaxy S24 Ultra.

One of the notable features in the leaked images of the Galaxy S25 Ultra is the rounded corners of the phone. In contrast, this year’s Galaxy S24 Ultra has quite sharp corners, which has led to feedback from some users indicating discomfort while holding the device. Previous leaks have suggested that the Galaxy S25 Ultra may be somewhat larger.

A tweet shared by IceUniverse: Galaxy S25 Ultra Image

According to leaks, the Galaxy S25 Ultra is expected to be thinner and lighter compared to previous models. In August, rumors emerged that the upcoming Galaxy S25 Ultra would be lighter than its competitors, with a weight of under 221 grams.

Another image featured in IceUniverse’s post shows close-ups of the sides of both next year’s expected flagship phone and Samsung’s current flagship. In this image, the side of the Galaxy S25 Ultra appears flatter with rounded corners. While these changes may not create a major revolution, they will generally positively affect the feel of the phone in hand.

Looking at other rumors about the Samsung Galaxy S25 Ultra, it is expected that the company will offer top-tier screen and camera upgrades next year. Additionally, there is a strong expectation that the satellite connection feature will also be introduced alongside the Galaxy S25.

Tech

iOS 18 Officially Released: Innovations and Features

iOS 18 has been officially released! This update, packed with new features and innovations, elevates the user experience to the next level. Check out our article for details and discover the new offerings of iOS 18!

Published

2 months ago

September 17, 2024

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iOS 18 Officially Released: Here Are the Innovations!

Apple officially launched iOS 18 yesterday, as promised. After a long beta testing phase, this update brings many exciting new features for iPhone users.

iOS 18 Officially Released: Innovations and Features

New Features in iOS 18

Advanced Customization Options on the Home Screen: With iOS 18, users can now arrange app icons freely without sticking to the traditional grid layout. Additionally, there’s an option to change the colors of the icons and adjust their darkness levels. In short, you are no longer bound to a boring layout. It raises questions why Apple waited until 2024 to offer this feature.
Revamped Control Center: The Control Center is completely redesigned in iOS 18. Users will be able to group controls more comfortably, and developers can easily add controls from their applications. Also, there’s an option to divide the Control Center into pages, allowing different controls on each page.
RCS Messaging Support: With iOS 18, Apple introduces Rich Communication Services (RCS) messaging support. Users can add various effects to their texts and react with new emojis for more colorful responses.
Updated Photos App: The Photos app is presented with a new opening page and a modern layout. Users can now browse photos by time, people, and many other criteria, reorder media files, and explore more with the “Collections” feature.
App Lock Feature: Users can now lock specific applications. For example, they can activate Face ID protection from the menu that appears when long-pressing an app icon. Thus, anyone wanting to open the app will have to pass the Face ID protection first.
Apple Intelligence: One of the important features of iOS 18 is Apple’s artificial intelligence kit, Apple Intelligence. However, to fully benefit from this feature, you’ll need to wait for the iOS 18.1 update. More information about Apple Intelligence can be found here.

How to Install iOS 18?