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Gavin Wood Signals Next Steps for Polkadot’s Revolutionary JAM Protocol at sub0 Reset

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[PRESS RELEASE – London, UK, November 4th, 2024]

WebZero has announced the full agenda for its conference sub0 reset, inviting developers, investors and innovators to join Polkadot founder Dr Gavin Wood, along with industry leaders from Parity and the Web3 Foundation, to work on building JAM, a new paradigm paving the way forward for writing and securing Web3 applications.

The three day event from 9-11 November in Bangkok is dedicated to the most exciting innovation of the Polkadot ecosystem: advancing Gavin Wood’s visionary JAM chain project into the implementation stage and showcasing the most innovative projects built on Substrate.

JAM takes Polkadot’s current architecture to a new level of flexibility, in which Polkadot’s cores can be used for any verification task, whether for smart contracts or sovereign blockchains, maximizing the potential of the cores. It seeks to offer a real solution to the scalability vs coherency dilemma in Web3.

sub0 reset kicks off with a dedicated education day. Attendees can learn from industry greats such as Polkadot founder Robert Habermeier and Avail’s Anurag Arjun, and join barcamp deep-dives focused on Substrate. Day two is Modularity Day, with discussions from leading innovators at Avail, R0gue, Midnight and Parity Technologies. Day three is JAM & Scalability day, building out Polkadot’s founder Gavin Wood’s vision to transform the ecosystem into the world’s first global computer. The venue’s 24/7 hackerspace will give new teams the chance to co-work and compete for 10k USD in prizes.

Fabian Gompf, CEO of the Web3 Foundation said: “sub0 reset is the best opportunity for global developer talent to come together and catch up on the cutting-edge innovation happening in the Substrate and Polkadot ecosystems. Ranging from network updates and milestones to parachains, solochains and a whole day covering Join Accumulate Machine, sub0 reset is an important step for driving forward progress on Polkadot.”

Agenda highlights

 Saturday 9th

  • Interoperability deep-dive from Anurag Arjun 12:00pm, main stage
  • Keynote from Robert Habermeier, 12:30pm, main stage

Sunday 10th

  • Workshop: Building on Polkadot – Shawn Tabrizi, Parity 14:00-15:00
  • Building bespoke Web3 gaming experiences, John Linden, Mythical Games 16:30-17:10

 JAM Day – Monday 11th

  • Demystifying Jam – Kian Paimani, Parity 11:00am
  • Keynote speech on JAM from Dr. Gavin Wood – 17:00-18:00pm
  • JAM Toaster: developers can test and optimise JAM implementations on a full-scale simulation of the network with 1,023 nodes at full capacity and 16,384 AMD CPUs. – All day

The Venue

  • Spectacular five-floor industrial venue
  • 24/7 hackerspace with bounties and $10k prize
  • Rooftop oasis
  • Free catering and drinks from a private chef

Practical details:

Sub0 reset is taking place at 127 Na Ranong Rd, Khlong Toei, Bangkok from 9-11 November, 2024.

A limited supply of free tickets for sub0 reset are available here.

The event runs from 10 AM until late each day. Make sure to subscribe to the WebZero Luma for full scheduling opportunities. The hackerspace runs 24 hours a day, ensuring developers can build at all hours of the night with food and beverages provided free of charge. Media lounge and recording rooms are provided.

The event will be streamed on the Polkadot Youtube channel.

For any further media enquiries, please contact media@joinwebzero.com

About WEBZERO

WebZero is a developer experience builder that is establishing a hybrid between event production and developer relations, based on its own unique vision and methodology.

About Polkadot

Polkadot is the powerful, secure core of Web3, providing a shared foundation that unites some of the world’s most transformative apps and blockchains. Polkadot offers advanced modular architecture that allows devs to easily design and build their own specialized blockchain projects, pooled security that ensures the same high standard for secure block production across all connected chains and apps connected to it, and robust governance that ensures a transparent system where everyone has say in shaping the blockchain ecosystem for growth and sustainability. With Polkadot, users are not just participants, they’re co-creators with the power to shape its future.

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Ripple (XRP) News Today July 30th

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The last few weeks have been quite turbulent for XRP and the company behind it. In this article, we will check the latest updates involving the two and analyze the token’s price dynamics.

Has the Ripple/SEC Battle Concluded?

The major developments in the legal battle between Ripple and the US Securities and Exchange Commission (SEC), more specifically, the company’s court wins, have left some with the expectation that the tussle is over.

Just recently, the American lawyer Bill Morgan said the regulator has not withdrawn its appeal yet. He emphasized that the Commission faces no formal deadline to do so, though it is required to submit a status update to the appeal court by August 15.

The legal contest refers to a court decision in 2023. Back then, Judge Analisa Torres ruled that Ripple’s sales of XRP tokens on secondary markets are not securities. The SEC appealed the ruling, while the company filed a cross-appeal, which was later withdrawn.

Earlier this year, the two parties jointly requested that the appeals be paused to allow time for a potential settlement. The court respected their wish but required the regulator to file a status report by mid-August. Many believe that if the SEC agrees to withdraw its appeal, it could mark the final resolution of the case.

To the uninitiated, it all started in December 2020 when the Commission filed a lawsuit against Ripple, accusing it of conducting an unregistered securities offering by selling XRP tokens. Initially, it sought a whopping fine of $2 billion, while years later, Judge Torres ruled a penalty of $125 million. Moreover, the SEC and Ripple shook hands on an even smaller sum of $50 million.

RLUSD Keeps Progressing

One trending asset within Ripple’s ecosystem is the USD-pegged stablecoin, RLUSD. The product, which officially debuted in December of last year, recently saw its market capitalization soar past $500 million and caught the eye of some major financial players.

As CryptoPotato reported, the asset was recognized by the Dubai Financial Services Authority (DFSA) as a crypto token within the Dubai International Financial Center (DIFC), while the oldest US bank, BNY Mellon, agreed to serve as a custodian for RLUSD.

Meanwhile, the stablecoin’s market cap continued to grow in the following weeks and currently stands at approximately $577.6 million. 

Spot XRP ETF Incoming?

Several XRP exchange-traded funds have popped up in the United States over the past several months. However, all of them are futures-based, and you can check the details here.

The XRP army has been eagerly awaiting the launch of a spot XRP ETF, which is expected to have a more significant impact on the price of the underlying token.

Some of the well-known firms willing to launch such a product include Bitwise, Grayscale, Franklin Templeton, WisdomTree, and more. According to Polymarket, the approval odds before the end of the year stand at around 87%. 

XRP ETF Chances
XRP ETF Chances, Source: Polymarket

XRP Price Outlook

Ripple’s native token exploded to a new all-time high of $3.65 in mid-July, but since then, it has been on a downtrend, currently trading at around $3.08 (per CoinGecko’s data). 

However, some important factors suggest this could be a temporary correction, followed by another rally. Large investors, for instance, have acquired 60 million XRP tokens in the last 24 hours. This shows strong confidence in the asset and could encourage other smaller players to jump on the bandwagon, too. 

The amount of tokens stored on exchanges has been declining lately, suggesting that holders might have moved their funds into cold storage. This, in turn, reduces the immediate selling pressure. 

Last but not least, the number of XRP wallets keeps growing, hinting at solid user engagement and rising interest in the network. The figure reached a peak of 7.2 million on July 21 and is currently inching towards 7.3 million.

XRP Addresses
XRP Addresses, Source: CryptoQuant
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Solana (SOL) Plunges by 10% Weekly, But This Market Signal Says ‘Buy the Dip’

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TL;DR

  • Analysts point to certain indicators that suggest SOL could be poised for a rally in the near future. Some of the biggest optimists believe the price could soar to a new all-time high of $400.
  • SOL’s RSI hovers just above 30, signaling oversold conditions. Combined with increased token withdrawals from crypto exchanges, this could reduce sell pressure and hint at a possible short-term recovery.

Buying Opportunity?

Solana’s SOL has declined by over 10% in the past week, currently valued at around $177 (according to CoinGecko’s data). However, the X user, Ali Martinez, estimated that the TD Sequential indicator has flashed a buy signal.

The analyst isn’t the only one with a bullish stance following the price drop. One X user claimed SOL “is setting the pace,” predicting a pump to as high as $400. 

“Ignore the noise. This isn’t hype, it’s a shift in momentum. Smart money isn’t chasing later – it’s positioning now. Solana season is real,” they added. 

BitBull thinks SOL’s current price performance resembles that of 2023, which was followed by a major breakout. The analyst argued that the activity in the Solana network is still strong, while institutional inflows “are coming.”

“All it needs now is a weekly close above $230, and SOL parabolic run will start,” the X user suggested.

AlejandroBTC stands in the opposite corner, claiming there’s no real momentum, while exit liquidity is “getting thinner by the day.” The analyst forecasted that SOL’s price could continue to plunge, warning investors that the altcoins are not in a bull market. 

Observing Other Metrics

Over the past several months, the shift of SOL tokens from crypto exchanges toward self-custody methods has been more than evident. This results in reduced immediate selling pressure.

SOL Exchange Netflow
SOL Exchange Netflow, Source: CoinGlass

Solana’s Relative Strength Index is the next technical analysis tool we will touch upon. It tracks the speed and magnitude of recent price changes and helps traders identify overbought or oversold conditions. The metric varies from 0 to 100, and ratios around or below 30 suggest SOL could be headed for a rebound, while anything above 70 is considered bearish territory. Currently, the RSI stands at just over 30. 

SOL RSI
SOL RSI, Source: CryptoWaves
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Ethereum ETF Inflows Soar in July, Outpacing Last 11 Months Combined

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Ethereum’s 10th anniversary is proving to be more than symbolic. As the network celebrates a decade since mining its genesis block on July 30, data shows a record-breaking surge in institutional demand.

Spot Ethereum ETFs recorded $5.41 billion in net inflows in July alone, surpassing the combined capital entries of the previous 11 months, which stood at $4.21 billion as of June 2025.

Institutional Investment Pushes ETH Into a New Phase

Data from SoSoValue shows that ETH ETFs have had $9.62 billion in cumulative fund deposits since their launch in July 2024. However, the inflows haven’t been consistent.

After a rocky start, with $483 million in outflows in their first month, the ETFs saw steady growth. They hit 10 figures for the first time in November 2024, when $1.05 billion came into the funds, followed by an even more impressive $2.08 billion the following month.

The first quarter of 2025 was more muted. January and February saw a combined $161.23 million in new capital before a poor showing in March led to more than $403 million flowing out of the ETFs.

Since then, the products have been on a tear, with investment activity growing exponentially month after month, to finally hit $5.41 billion in July. The explosion suggests a shift from institutional caution to aggressive accumulation, with ETH emerging as the clear beneficiary of this sentiment shift.

Data from SoSoValue shows that BlackRock’s ETHA alone now holds $11.39 billion in assets, while Grayscale’s ETHE remains in recovery after $4.31 billion in cumulative withdrawals. Together, these movements have pushed Ethereum ETF assets to $21.61 billion, which is about 4.75% of ETH’s market cap.

Price Momentum Builds as ETH Nears $4K

The price of ETH has also seen a fair amount of growth recently. At the time of writing, it was trading at $3,786, up 3.1% over the past week and 19.6% in the last fortnight despite a 2.4% dip in the previous 24 hours amid profit-taking.

It has also climbed 53.3% across 30 days, moving from around $2,470 to approach the $3,900 range, even briefly touching $3,933 before retracing.

QCP Capital has cautioned that derivatives positioning and overheated funding rates may create near-term resistance around $4,000, yet the structural tailwinds from ETF demand remain intact. If these fund flows persist, Ethereum could not only challenge its November 2021 all-time high of $4,878 but also cement itself as the centerpiece of a potential altcoin-led market cycle.

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