Hodl Up! Your weekly crypto catch up: Week 42

The biggest app on Ethereum now has it's own blockchain. The first AI bot who became a crypto multi-millionaire and Kamala Harris wanting to protect Black Men's interests? All in Week 42 of Hodl Up!

I think we might be slowly on our way towards a new Bitcoin high. The growth and strength Bitcoin has shown in the past two weeks is exactly what we’d like to see. It might not have been a crazy Uptober yet but it could be a vital one on which the price builds.

NOTE: NOTHING EVER MENTIONED IN ANY OF OUR CRYPTO TALK’s POSTS/NEWSLETTERS/CONTENT IS FINANCIAL ADVICE. ALWAYS DO YOUR OWN RESEARCH.

The AI crypto millionaire

No No No, its not about someone who became a millionaire with TAO 0.00%↑ or $RENDER. This is about the AI bot who well, you guessed it - became a crypto millionaire.

The AI chatbot ‘Truth Terminal’ has made $500,000 following a $20,000 initial investment in Solana (SOL)-based meme coin $GOAT trading on Raydium, an automated market maker (AMM) platform, an analysis shared by on-chain analytics platform Arkham.

- Finbold

The kind of returns the bot has made, I don’t think 2% of people involved in crypto are able to make that kind of money.

What’s even more mind blowing is the fact that this bot got an initial investment from venture capitalist Marc Andreessen who gave it $50k in Bitcoin.

To be clear though, the AI bot has not created $GOAT, which has been created by anonymous founder(s) , but the bot is one of the most vocal members of the community. The AI bot has been aggressive in the marketing of GOAT 0.00%↑ and the market cap of GOAT 0.00%↑ has increased from $100M to $400M in just the last 30 days.

What is the most prominent thing that I make out of this entire thing is that if trained properly, maybe the AI bots are not able to “trade“ that well, but they can surely push development and marketing to such levels that their investments do turn out to be great trades.

The Truth Terminal might very well be just the first one of a long list of profitable AI bots we might see in the coming days.

Welcome - Unichain

Once upon a time in the vast kingdom of Ethereum, there lived a mighty application called Uniswap. Uniswap wasn’t just any app — it was the largest in all of Ethereum, a magical marketplace where people could trade tokens with ease, without needing a king or banker. Its enchanted code made the entire land’s economy flourish, attracting millions of villagers from far and wide.

For years, Uniswap thrived in Ethereum, helping merchants trade over $2.4 trillion in goods. But as the kingdom grew, so did its challenges. The roads (or blockchains) were becoming crowded, and traveling between villages (or making transactions) was slow and expensive. Uniswap saw the struggle and realized that to help more people, it needed a new land to grow.

So, with the wisdom it had gathered, Uniswap began building its own magical kingdom: Unichain, a new, faster realm where transactions would be near-instant, and the cost of doing business would drop by 95%. In Unichain, bridges were built between all the different lands, so villagers could swap goods between kingdoms effortlessly, no matter where they came from. Uniswap also promised that its new land would remain free, fair, and decentralized, just like Ethereum.

As Unichain’s borders opened, villagers rejoiced, and Uniswap vowed that this was only the beginning of a new age of prosperity in the world of decentralized finance. And so, Uniswap continued its quest to make its kingdom larger and more magical than ever.

( And they lived prosperously ever after , Or did they? )

——————

According to Hayden Adams, over 420,000 smart contracts were deployed on the testnet in just the first week. The success or failure of Unichain will be seen in the future but IMO, I think it is the right time for this step.

Kamala - What?

Kamala Harris recently emphasized her support for digital assets, particularly focusing on how they can help close the wealth gap for Black Americans. Her plan proposes a regulatory framework to protect Black men, a group that has increasingly invested in cryptocurrency. This initiative aims to safeguard against risks like fraud and ensure equal opportunities in financial innovation​.

In her broader agenda, Harris also addressed the unique challenges faced by Black men. She unveiled plans to improve economic opportunities through education, financial protections, and policies aimed at increasing access to venture capital and affordable banking services.

First of all, I’m happy seeing her take a little positive stand towards digital assets but what went above my head is the point about “Black Men“. I mean - what? Why just black men? Or are white people not to be protected from fraud?

Politicians I tell you….

A look at the markets

A very good week for the crypto market sees us sit at a healthy $2.35T market cap with Bitcoin around the $68-69k region.

Biggest Winner

APE 0.00%↑ : $DOGE would’ve won it if I’d written this article yesterday. But a 66% pump in the last 24 hours gave APE 0.00%↑ the win after the bridge announcement by the team pumped the price like nothing else.

Biggest Loser

TAO 0.00%↑ : Hurts my heart since Bittensor is one of my favourite projects and it has been doing amazing in the past month or so but we cannot be biased and TAO 0.00%↑ dropped by 15% this week. A nice correction to have though.

C4 (Crazy Crypto Community Content)

Content 1

A crazy non-transferable token. What do I do with it? Someone? Donald?

Content 2

All the 10 meme coins in the top 100 coins by Market cap.

And the reply -

Well, I think 10/100 is a good ratio to have to be honest. What’s the problem in it?

Well, that’s it for this week ladies and lads. We’ll connect again next week for the next edition of Hodl Up! Till then, Stay Safu.