Solana
Solana Labs Launches Bond, a Blockchain Customer Loyalty Platform
some of the major developments in the crypto world
Solana Labs, the company behind the Solana layer 1 blockchain, may soon attract many more non-native cryptocurrency brands and customers to Web3 without their knowledge. On June 12, the company officially introduced Bond, its new blockchain-based consumer interaction platform aimed at helping brands build long-term loyalty.
Solana Labs says the new platform will overcome “critical limitations” of current loyalty programs, such as losing contact with the end customer if a product is resold or donated. Customers can authenticate the legitimacy of a product through digital identity, and manufacturers can trace their products even if they are resold or donated.
Memecoins like Dogwifhat (WIF), Bonk (BONK), Popcat (POPCAT) and Myro (MYRO) are some of the best known hosted on the Debian network. PayPal USD Ptsd $1.00 for the network, institutional interest in it has also increased since PayPal introduced its stablecoin, making PYUSD purchases more profitable for small amounts. While there isn’t much indication of activity on its GitHub page, it appears that at least seven companies are using Open Loyalty wallets.
Read also: Crypto Market Falls Slightly Even As Trading Volume Declines; Bitcoin, Ethereum down
SEC Chairman Expects Approval of Spot Ether S-1 ETFs in Summer 2024
Gary Gensler, chairman of the US Securities and Exchange Commission, told lawmakers that the regulator could approve final licenses for listing and trading Ether ETH spot exchange-traded funds (ETFs) worth $3,517 within three months. The SEC authorized filings for eight companies on May 23; nevertheless, ETFs require S-1 authorization to trade in the United States.
Tennessee Senator Bill Hagerty asked Gensler why the commission had not fully approved Ether ETFs, alleging that the SEC chairman was not prioritizing a constructive set of rules for the crypto industry. The Ethereum exchange-traded product of the deposits before us from the exchanges Gensler estimated that eight or nine of them had been collectively approved.
In a June 5 interview, the SEC chairman warned that final approvals for Ether ETFs would take some time. THE SECOND approved the asset manager’s 19b-4 submission, along with applications from Fidelity, Grayscale, Bitwise, VanEck, Ark, Invesco Galaxy and Franklin Templeton, but it’s unclear which company will get first crack at the apple once The S-1 registration declarations are completed.
BNB Chain collaborates with Incubation Alliance to support the project’s early growth
BNB Chain announced a collaboration with Binance’s venture capital arm to launch an incubation alliance to support early Web3 projects. BNB Chain said its new BNB Incubation Alliance (BIA) would allow projects to enter the network’s 10-week accelerator for builders, founders and developers. BNB Chain claims that BIA participants will be chosen at global events.
The blockchain network said it would engage with venture capitalists, incubators and developer communities to host events around the world. Through these events, the blockchain network will select projects to incubate. BNB Chain said the events will focus on early blockchain companies in the incubation phase, before or after product launch.
The partnership will provide emerging talents with the resources, expertise and network they need to thrive, as stated by the BNB Channel’s core development team. BNB’s recent gains have outpaced those of the entire cryptocurrency market. In the first six days of June, BNB rose 19%, while the market rose only 4.2%.