Big Flying Things in Crypto and Tech: A Weekly Review
Join us as we review the Tech and Crypto events in a week where SpaceX launched the Biggest flying Object ever, and the biggest digital currency also takes flight.
El Salvador Embraces Secure Bitcoin Storage with Innovative “Piggy Bank”
El Salvador has taken a bold step in cryptocurrency security as President Nayib Bukele announced the creation of a “Bitcoin piggy bank.” This initiative involves transferring a substantial portion of the nation’s Bitcoin into a cold wallet, which is then securely stored in a physical vault within the country.
French Montana Breaks New Ground in Music and Crypto
French Montana, the African-born artist with over 40 billion streams, has pioneered the integration of music with cryptocurrency by embedding an entire song, “Bag Curious,” into the Bitcoin blockchain. This hidden track from the Mac & Cheese 5 album is now a permanent fixture within the secure decentralized network, marking a significant milestone in the convergence of entertainment and blockchain technology.
SpaceX Achieves Historic Milestone with Starship Launch
Elon Musk’s SpaceX has made history by successfully launching the Starship, the largest object to ever achieve flight. This monumental 5,000-ton spacecraft reached orbital speeds of 17,500 miles per hour before its planned descent into the Indian Ocean. Musk commended his team for this groundbreaking achievement, setting a new benchmark in space exploration.
Solana’s Meme Coin, Dogwifhat Hits Las Vegas Airspace
The Solana blockchain’s trending meme coin, dogwifhat (WIF), is making waves as it heads to Las Vegas. The token’s unique mascot, a Shiba Inu donning a pink beanie, will be showcased on the Sphere, an iconic orb-shaped venue in the city. This achievement was made possible through a remarkable community effort, raising over $690,000 in USDC stablecoin, surpassing the initial goal of $650,000 within less than four days.
Elon Musk: Dogecoin Will be Used to Buy Teslas ’at Some Point’
Elon Musk hinted that Tesla could accept Dogecoin (DOGE) for car purchases at a future date during an event at the Berlin Gigafactory. Musk’s comment boosted investor excitement, leading to a 9.3% increase in Dogecoin’s value, rising from $0.172 to $0.188 as a related video went viral on X.
Ethereum’s Dencun Upgrade Goes Live
The much anticipated Ethereum Dencun upgrade is now live, bringing reduced transaction fees on the various second Layer Networks. Notably, fees on Optimism have plummeted to about 4 cents, a drastic reduction from the previous $1.4. Coinbase’s Base and Arbitrum also witnessed substantial fee reductions, enhancing the overall user experience and fostering greater adoption of Ethereum-based applications.
MicroStrategy Acquires More 12,000 BTC Using Convertible Debt Funds
MicroStrategy has strategically expanded its Bitcoin portfolio, acquiring an additional 12,000 BTC, leveraging the $782 million raised from its recent convertible debt offering. Under the leadership of Bitcoin proponent Michael Saylor, the company’s total BTC holdings now stand at 205,000, valued at approximately $14.7 billion.
Bitcoin Achieves New Milestone with $73K All-Time High
During the week, The world’s leading Digital currency soared to new heights, breaking its all-time high several times before setting a remarkable record high of $73,400. The general cryptocurrency market responded to this bullish trigger, with several altcoins like Solana, and Meme coins like WIF moving over great margins.
