EOS Jumps 20% Before Vaulta Rebranding, Signaling Good Times for Crypto Presales Like Solaxy

By: bitcoin ethereum news|2025/05/09 19:30:13
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EOS ($EOS) has broken past the $0.80 level again in the last 24 hours after its Vaulta ($A) swap announcement on May 7. In a blog post, Vaulta announced that it will launch a 1:1 token swap on May 14 between the old $EOS cryptocurrency and its rebranded coin, $A. Holders of the old crypto can perform the swap on the Vaulta Swap Portal or in participating centralized exchanges. The process is also free and has no slippage, which ensures the cryptos hold their value. The swap is part of the final stage of EOS’ rebrand to Vaulta. In mid-May, exchanges will start delisting $EOS and list $A. Here’s what’s been happening, exactly, and how this could bode well for crypto presales like Solaxy. From Record-Breaking ICO to Crypto Limbo Launched in 2018, the EOS blockchain raised over $4B, making it the biggest initial coin offering. While $EOS reached an all-time high of $22.71 in April 2018, its value has since dropped significantly and stagnated below $0.80 since 2023. For a time, EOS became a viable competitor to Ethereum, capable of handling more daily transactions (100M versus Ethereum’s 1M) at lower average fees. However, it didn’t attract as many users and developers as Ethereum, which ‘broke its wings,’ so to speak. However, the rebranding to Vaulta and the subsequent announcement of the token swap have since helped bring $EOS back into the spotlight. And in the backdrop of EOS’ journey up, one crypto presale could be the next to take the markets by storm: Solaxy ($SOLX). Let us explain why. Solaxy: More Potential Than EOS? A project reminiscent of $EOS is Solaxy ($SOLX). Both aim to improve on the existing ecosystem in one way or another: EOS as a replacement for Ethereum, Solaxy as a Solana 2.0. But given Solana’s reputation as the home of meme coins, Solaxy might have the upper hand here. As the first-ever Solana Layer 2 blockchain, it promises to address core issues with Solana, including network congestion, failed transactions, and limited scalability. These have plagued the blockchain for many years and have halted investor interest in $SOL. And Solaxy could prove instrumental in changing that. Once launched, it will deliver faster and cheaper transactions, much like EOS. Additionally, it will let developers create customized dApps with its modular infrastructure. Solaxy’s scalability will also allow it to handle high transaction volumes required by meme coins and fast-moving assets on Solana. This premise has attracted the attention of crypto investors, allowing Solaxy to raise over $33.8M to date, potentially making $SOLX one of the best crypto presales of 2025. And it still has chances to grow exponentially once it launches on centralized and decentralized exchanges. $SOLX is Solaxy’s native token, a multi-chain token operating on both Ethereum and Solana. This lets Solaxy take advantage of Ethereum’s liquidity and infrastructure, as well as Solana’s speed and low fees, for a double shot of awesome utility. For even more rewards, you can also stake tokens and enjoy staking rewards, which is at 119% at the moment. While it’s still too early to tell how Solaxy will fare long term, its tokenomics show much promise. The project has devoted the biggest chunk of its 138B token supply towards development (30%). It will also pay early supporters handsomely, as 25% of all $SOLX tokens will be allocated towards rewards. Aside from its tokenomics, external factors, strong community support, and other factors may help this token grow exponentially in the coming years. You can read all about this in our Solaxy price prediction article, which, by the way, predicts a 116x increase by the end of next year. A New and Exciting Chapter Awaits $EOS and $SOLX With $EOS and $SOLX, we see crypto slowly advance towards projects that build upon existing architecture. While EOS rebrands to Vaulta, the underlying infrastructure will remain the same, while Solaxy aims to make transactions cheaper and faster on Solana. Investors are clearly excited about the projects, seeing how $EOS’ value rose over the last 24 hours, and $SOLX has raised over $33.8M. But before you invest in crypto, always remember that the crypto market is highly volatile. Always do your own research and use the information in this article for educational purposes and not as investment advice. Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers. Source: https://bitcoinist.com/eos-rebrands-to-vaulta-solaxy-crypto-presales-to-benefit/

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Before using Musk's "Western WeChat" X Chat, you need to understand these three questions

The X Chat will be available for download on the App Store this Friday. The media has already covered the feature list, including self-destructing messages, screenshot prevention, 481-person group chats, Grok integration, and registration without a phone number, positioning it as the "Western WeChat." However, there are three questions that have hardly been addressed in any reports.


There is a sentence on X's official help page that is still hanging there: "If malicious insiders or X itself cause encrypted conversations to be exposed through legal processes, both the sender and receiver will be completely unaware."


Question One: Is this encryption the same as Signal's encryption?


No. The difference lies in where the keys are stored.


In Signal's end-to-end encryption, the keys never leave your device. X, the court, or any external party does not hold your keys. Signal's servers have nothing to decrypt your messages; even if they were subpoenaed, they could only provide registration timestamps and last connection times, as evidenced by past subpoena records.


X Chat uses the Juicebox protocol. This solution divides the key into three parts, each stored on three servers operated by X. When recovering the key with a PIN code, the system retrieves these three shards from X's servers and recombines them. No matter how complex the PIN code is, X is the actual custodian of the key, not the user.


This is the technical background of the "help page sentence": because the key is on X's servers, X has the ability to respond to legal processes without the user's knowledge. Signal does not have this capability, not because of policy, but because it simply does not have the key.


The following illustration compares the security mechanisms of Signal, WhatsApp, Telegram, and X Chat along six dimensions. X Chat is the only one of the four where the platform holds the key and the only one without Forward Secrecy.


The significance of Forward Secrecy is that even if a key is compromised at a certain point in time, historical messages cannot be decrypted because each message has a unique key. Signal's Double Ratchet protocol automatically updates the key after each message, a mechanism lacking in X Chat.


After analyzing the X Chat architecture in June 2025, Johns Hopkins University cryptology professor Matthew Green commented, "If we judge XChat as an end-to-end encryption scheme, this seems like a pretty game-over type of vulnerability." He later added, "I would not trust this any more than I trust current unencrypted DMs."


From a September 2025 TechCrunch report to being live in April 2026, this architecture saw no changes.


In a February 9, 2026 tweet, Musk pledged to undergo rigorous security tests of X Chat before its launch on X Chat and to open source all the code.



As of the April 17 launch date, no independent third-party audit has been completed, there is no official code repository on GitHub, the App Store's privacy label reveals X Chat collects five or more categories of data including location, contact info, and search history, directly contradicting the marketing claim of "No Ads, No Trackers."


Issue 2: Does Grok know what you're messaging in private?


Not continuous monitoring, but a clear access point.


For every message on X Chat, users can long-press and select "Ask Grok." When this button is clicked, the message is delivered to Grok in plaintext, transitioning from encrypted to unencrypted at this stage.


This design is not a vulnerability but a feature. However, X Chat's privacy policy does not state whether this plaintext data will be used for Grok's model training or if Grok will store this conversation content. By actively clicking "Ask Grok," users are voluntarily removing the encryption protection of that message.


There is also a structural issue: How quickly will this button shift from an "optional feature" to a "default habit"? The higher the quality of Grok's replies, the more frequently users will rely on it, leading to an increase in the proportion of messages flowing out of encryption protection. The actual encryption strength of X Chat, in the long run, depends not only on the design of the Juicebox protocol but also on the frequency of user clicks on "Ask Grok."


Issue 3: Why is there no Android version?


X Chat's initial release only supports iOS, with the Android version simply stating "coming soon" without a timeline.


In the global smartphone market, Android holds about 73%, while iOS holds about 27% (IDC/Statista, 2025). Of WhatsApp's 3.14 billion monthly active users, 73% are on Android (according to Demand Sage). In India, WhatsApp covers 854 million users, with over 95% Android penetration. In Brazil, there are 148 million users, with 81% on Android, and in Indonesia, there are 112 million users, with 87% on Android.



WhatsApp's dominance in the global communication market is built on Android. Signal, with a monthly active user base of around 85 million, also relies mainly on privacy-conscious users in Android-dominant countries.


X Chat circumvented this battlefield, with two possible interpretations. One is technical debt; X Chat is built with Rust, and achieving cross-platform support is not easy, so prioritizing iOS may be an engineering constraint. The other is a strategic choice; with iOS holding a market share of nearly 55% in the U.S., X's core user base being in the U.S., prioritizing iOS means focusing on their core user base rather than engaging in direct competition with Android-dominated emerging markets and WhatsApp.


These two interpretations are not mutually exclusive, leading to the same result: X Chat's debut saw it willingly forfeit 73% of the global smartphone user base.


Elon Musk's "Super App"


This matter has been described by some: X Chat, along with X Money and Grok, forms a trifecta creating a closed-loop data system parallel to the existing infrastructure, similar in concept to the WeChat ecosystem. This assessment is not new, but with X Chat's launch, it's worth revisiting the schematic.



X Chat generates communication metadata, including information on who is talking to whom, for how long, and how frequently. This data flows into X's identity system. Part of the message content goes through the Ask Grok feature and enters Grok's processing chain. Financial transactions are handled by X Money: external public testing was completed in March, opening to the public in April, enabling fiat peer-to-peer transfers via Visa Direct. A senior Fireblocks executive confirmed plans for cryptocurrency payments to go live by the end of the year, holding money transmitter licenses in over 40 U.S. states currently.


Every WeChat feature operates within China's regulatory framework. Musk's system operates within Western regulatory frameworks, but he also serves as the head of the Department of Government Efficiency (DOGE). This is not a WeChat replica; it is a reenactment of the same logic under different political conditions.


The difference is that WeChat has never explicitly claimed to be "end-to-end encrypted" on its main interface, whereas X Chat does. "End-to-end encryption" in user perception means that no one, not even the platform, can see your messages. X Chat's architectural design does not meet this user expectation, but it uses this term.


X Chat consolidates the three data lines of "who this person is, who they are talking to, and where their money comes from and goes to" in one company's hands.


The help page sentence has never been just technical instructions.


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