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Degen meme coin traders were able to raise $1 million through a new Solana meme coin called MIRA after Siqi Chen said his daughter Mira was diagnosed with a rare type of brain cancer in September and that research and funding had “been lacking.” The token was created on Pump.fun, and soared from near zero to an $80 million market cap yesterday after Chen’s plea. MIRA’s price has since dropped over 80% from its peak to trade over a cent as of Dec. 27.  Chen Says All MIRA Revenue Will Go To Rare Disease Research  Chen commented on the overwhelming support from the Solana community in a Dec. 26 X post. “I’ve had a lot of very memorable days on the internet over the past 30 years, but this one tops them all,” he wrote in the post. He added that he and his wife are “unbelievably grateful” to the Solana community for their support. this is a long read, but i had some time to think over dinner and wanted to share a few thou...

This Cardano-based platform enables ADA holders to participate in Web3’s most innovative staking pools. Venture capital has long been the go-to method for crypto projects looking for funding during the peak of a bull cycle. However, as the bear market of 2022 extended, the amount invested by crypto venture capital funds dwindled, showing a clear need for a self-sustained funding system for the blockchain space. A Cointelegraph Research report shows that while 2022 saw more capital inflow to crypto projects in total, there’s a clear decline on monthly funding charts after May 2022 — or the time of the Terra ecosystem collapse. Web3 and crypto projects lacking access to VC funds need ways to raise money from within the space, and blockchain technology provides several methods, such as initial DEX offerings, security token offerings and initial exchange offerings. One such method that benefits from a unique characteristic of proof- of- stake (PoS) blockchain s is the initial stake poo...