Good Morning Crypto Enthusiasts!

Glad to have you back for another edition of the UseTheBitcoin.com newsletter.

1. MetaMask New 2FA Security: MetaMask users now have enhanced security with the integration of MultiversX Snap, introducing two-factor authentication (2FA) directly into the blockchain protocol.

2. Pump.fun Rewards Program: Pump.fun, a Solana-based memecoin platform, has introduced an incentive structure that rewards token creators with $80 in Solana if their token successfully completes its bonding curve and launches on Raydium DEX.

3. Donald Trump Jr. Crypto Platform: Donald Trump Jr. has announced plans to launch a new DeFi platform aimed at addressing banking inequality.

4. 💡Feature of the Day - "Largest Airdrop in Crypto History": Hamster Kombat, a popular Telegram-based mobile clicker game, is planning what it claims will be the largest cryptocurrency airdrop in history.

   
   All this and more in today’s headlines!

   

   Trade crypto directly with your bank account!

📰 News Highlights:

MetaMask New 2FA Security [Source][Source][Source]

MetaMask users can now benefit from enhanced security through the integration of MultiversX Snap, which introduces two-factor authentication (2FA) directly into the blockchain protocol. MultiversX, a non-Ethereum Virtual Machine (EVM) blockchain, has launched this innovative feature to provide an extra layer of protection for MetaMask users.

This integration is part of MetaMask’s Snaps, third-party audited add-ons that extend the functionality of the wallet. Beniamin Mincu, co-founder and CEO of MultiversX, emphasized the significance of this development, stating that it marks a substantial improvement in security for users exploring multichain possibilities.

The 2FA feature is embedded into the sharded protocol, ensuring seamless compatibility across various applications and wallets within the MultiversX ecosystem.

Lucian Mincu, Chief Information Officer at MultiversX Labs, highlighted that this integration offers a preview of the potential for future developments in Web3, particularly in next-generation layer 2 solutions.

Pump.fun Rewards Program [Source][Source]

Pump.fun, a Solana-based memecoin platform, has introduced a new incentive structure that rewards token creators with $80 in Solana if their token successfully completes its bonding curve and launches on the Raydium decentralized exchange (DEX).

This initiative, announced on August 9, aims to encourage successful token launches and ensure creators do not entirely sell off their tokens.

However, questions remain about whether this incentive will be effective in preventing rug pulls, a common issue in the memecoin space.

Pump.fun’s bonding curve model guarantees liquidity for newly launched tokens by allocating a small portion of each purchase to the curve. Once a token reaches a $63,000 market cap, it completes the bonding curve and is launched on Raydium with this liquidity in place.

Donald Trump Jr. Crypto Platform [Source][Source][Source]

Donald Trump Jr., the eldest son of former President Donald Trump, has announced plans to launch a new decentralized finance (DeFi) platform aimed at addressing banking inequality.

During a Q&A session on Locals, a subscription-based platform, Trump Jr. revealed that the project is not related to memecoins but is instead focused on creating a platform that challenges traditional banking systems.

This announcement follows a cryptic tweet from Trump Jr. earlier in the week, where he hinted at a major development in the DeFi space, leading to speculation about a potential memecoin launch.

However, Trump Jr. clarified that the platform will be much larger in scope and will specifically target the inequalities present in the banking sector.

Both Donald Trump Jr. and his brother, Eric Trump, have denied any involvement with the RTR token, warning followers to be cautious of fraudulent claims.

💡 Feature of the Day: 

"Largest Airdrop in Crypto History" [Source][Source]

Hamster Kombat, a popular Telegram-based mobile clicker game, has revealed additional details about its upcoming cryptocurrency airdrop, which it claims will be the largest in crypto history.

According to the latest information, the airdrop eligibility will also be influenced by the game cycle, community interactions, and the quality of referred players, emphasizing the importance of active participation in the game's ecosystem.

The much-anticipated airdrop aims to onboard the next billion mainstream users to Web3 by offering a seamless introduction to blockchain technology through the game.

Despite the ambitious scale of the airdrop, which seeks to surpass Uniswap’s $6.43 billion distribution, organizing such a massive event presents significant challenges.

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😂 Crypto Meme of the Day: 

And that’s it for this today.

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See you all tomorrow’s edition!

Jonathan Gibson
UseTheBitcoin.com