The Insider #99

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Ascend
February 14, 2024

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Tensor, a Solana NFT trading platform, flips Opensea’s 24-hour NFT marketplace trading volume. Opensea had a volume of 5.300.000$ while Tensor had 7.910.000$. We recognized Solana’s increasing momentum with both fungible & non-fungible tokens all throughout January. All the incoming data confirms the growth of Solana as a leading token & NFT ecosystem. (source)
MON Protocol announces $MON tokenomics. $MON will be an ERC20 token with a supply of 1 billion, hard-capped. 36% of the total supply will be distributed to the community. (source)

Tensor Flips Opensea In 24H NFT Volume

$SOL marketcap overtakes $BNB to secure 4th position. Solana now has a 50 billion $ market cap in comparison to BNB’s 49 billion $ market cap. The first three large cap tokens are in order: Bitcoin, Ethereum and USDT so top 3 is unlikely to change. Thus, Solana becoming the 4th large cap is important. The ecosystem is growing further. (source)
Former Ethereum Advisor, Steven Nerayoff, alleges SEC’s Gensler of secret involvement with ETH. Nerayoff commented on the situation saying: “Among other members, current and former, in the SEC as well, they have deliberately put Ethereum in the position they are not because ETH deserves it, but due to underlying reasons. Stay vigilant as we uncover one of the biggest stories in crypto and finance history.“ (source)

Nerayoff, Alleges SEC With Secret Involvement In Ethereum

United States inflation rate falls to 3.1% in contrary to expectations of 2.9%. On December 2023, the inflation rate was 3.4%. January’s Consumer Price Index coming higher than expected affected markets. CPI data has important ramifications for the Federal Reserve’s decision regarding interest rates. Markets expect an interest rate cuts in 2024. (source)

U.S. Inflation Rate Falls, Still Higher Than Expected

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