Notcoin to launch on TON Network, RNDR rises after Apple mention, SBF speaks from jail, and meme coin developers use antics for attention.
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Notcoin on TON Network Ready for Launch After Delays

Notcoin on TON Network Ready for Launch After Delays

Notcoin to launch on TON Network, RNDR rises after Apple mention, SBF speaks from jail, and meme coin developers use antics for attention.

Date:
May 11, 2024
| Issue
#
276

Welcome to the final edition of Datawallet Daily for the week. As always, we’ve curated the must-know crypto stories from the last 24 hours just for you:

Notcoin on TON Network Ready for Launch After Delays

After several missed target dates, the launch of the Notcoin (NOT) token is now confirmed for May 16. The token, part of the viral Telegram-based game Notcoin, will be minted on The Open Network (TON) and supported by major crypto exchanges including Binance, OKX, and Bybit. 

In anticipation of the launch, OKX has announced a “Jumpstart” campaign offering 1.28 billion NOT tokens as rewards for Toncoin (TON) stakers, representing 1.25% of the total NOT supply. Binance will also offer a substantial rewards program, granting over 3 billion NOT tokens to customers who stake BNB or the FDUSD stablecoin. Bybit has yet to announce any similar incentives. 

The anticipation surrounding the NOT token launch has positively impacted Toncoin (TON), which has seen a notable increase in its value this month. 

RNDR Rises 11% Following Apple’s Mention of Octane

Render Token (RNDR) experienced an 11% surge in price following a brief mention of its Octane software during Apple’s keynote presentation, which showcased the M4 chip on the new iPad. Apple’s vice president of platform architecture, Tim Millet, highlighted Octane, a 3D design software powered by the Render Network, noting that “Pro rendering apps like Octane will flat-out fly” due to their enhanced performance on the iPad. 

This three-second mention, although short, caught the attention of traders and has been acknowledged as a significant factor in the ongoing positive price trend of RNDR, which has climbed 40% over the past week. 

Sam Bankman-Fried Speaks Out from Brooklyn Detention Center

Sam Bankman-Fried, former FTX founder, recently had his first interview from the Metropolitan Detention Center in Brooklyn. Speaking with journalist William D. Cohan, Bankman-Fried shared his adjustments to prison life, including his basic diet and limited entertainment options. Reflecting on FTX’s collapse, he believes he was unfairly made a scapegoat during the company’s financial crisis. Despite facing charges, he maintains his innocence and is preparing for an upcoming appeal this fall with his attorney. 

In March, he was sentenced to 25 years for cryptocurrency fraud and was ordered to forfeit $11 billion in assets, with a recommendation for placement in a medium-security facility.

Meme Coin Developers Use Livestream Antics to Boost Tokens

As the cryptocurrency market cools, some developers are venturing into controversial meme coin marketing through performance art-like livestreams, employing increasingly outrageous tactics to capture attention. Platforms like Pump.fun allow rapid creation of Solana-based meme coins, fostering an environment where projects like LIVEMOM, which involved indecent acts during livestreams for token promotion, quickly rise and fall. 

Amid this trend, bizarre stunts, including fake kidnappings and deceitful disability claims, are employed to inflate coin values temporarily. This phenomenon highlights a growing fascination with the unconventional and morally questionable within the crypto community, pushing boundaries to stand out in a crowded market.

Other breaking news

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