Solana Weekly #44 - Sh*tcoins Everywhere
21:34 Share

What’s up everybody! Welcome back to another episode of SOLANA WEEKLY! I'm your host, Thomas Bahamas. After a short break, we're diving back into the world of Solana with some exciting updates and insights.

Highlights:

• Solana Price Analysis: Currently at $23.95. We witnessed a sharp rise from just under $19, aligning with the broader narrative.

• SolEth Performance: A remarkable rise of over 20%. This surge is significant, especially with Ethereum's recent news about the launch of a futures ETF and Grayscale's application to transition ETHE to an ETF. (Side note: Not a fan of Grayscale!)

• Sol BTC Update: We're seeing a notable uptick, and it's impressive given Bitcoin's strong performance.

• Token Talk:

• SPL/S**t token season: How do we navigate this?

• Mentions: Bonk bit, OPOS, Bonk, Bern.

• Social finance updates: A slowdown in Social fi, with Friendzy hitting a pause.

• Friend tech's vulnerability to sim swaps: A reminder to secure your 2FA on Twitter.

• Quekz's momentum and the prevailing narrative around Breakpoint.

• DeFi on Solana: Despite the token's price being 10% off its ATH, TVL has reached new heights.

• Alt L1's: A surge in mentions of Sui, Aptos, and even Avax. While we might see some short-term gains, the long-term prospects remain uncertain.

• Tax Talk:

• The looming threat of regulatory capture and the potential risks associated with it.

• The importance of accurate tax reporting, especially with platforms like TurboTax moving towards crypto support.

• Personal note: I've decided to engage 'cryptotaxsucks' on Twitter to review my 11,000+ transactions. It's an investment in peace of mind and ensuring compliance.

Join us for all this and more on SOLANA WEEKLY. Stay informed and stay ahead!

The Dramas of Thomas Bahamas) This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit thomasbahamas.substack.com)