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The io.net founder is stepping down as CEO and donating 1 million IO tokens to support ecosystem development
https://x.com/shadid_io/status/1799766711291490522
Wintermute CEO Evgeny Gaevoy: “If ETH fails in the future it wont be because "Solana is faster", it will be because the eth "elite" is still stuck in a massive contradiction
Blockchain tech is impressively super well conductive to create purely capitalist incentive based systems
At the same time vitalik, hayden and many many others are trying to "solve capitalism" by saying that what we build can only be respected "if the end is worthy (healthcare, open source software, art, etc)" or that "the best builders in the space are motivated by positive social change". Throw on top of that neverending attempts to "solve" MEV while we are at it
You are either building capitalism or planned socialism. I'm sorry, you really cant have both
I choose capitalism in all its (often ugly!) glory. And if you are not here for glory, then one simple argument is - unlike socialism, capitalism actually works.”
https://x.com/EvgenyGaevoy/status/1798628027758268701
The gas price on the Ethereum network was down to 5 gwei this morning.
https://etherscan.io/gastracker
The crypto market is neutral
BTC Dominance - 53.39%
Market Cap - $2.56T
BTC - $69,283.4 (-0.21%)
ETH - $3,674.3 (-0.4%)
BNB - $675.4 (-0.94%)
ARB - $0.9633 (-3.77%)
STRK - $1.12 (-6.24%)
W - $0.639 (-10.43%)
TAIKO - $2.13 (-20.33%)
https://dropstab.com
Mysten Labs (SUI) has introduced Truncator
Truncator is a mining-based technique designed to reduce the size of various cryptographic outputs frequently encountered in blockchain systems.
https://blog.sui.io/truncator-gas-friendly-post-quantum/
Trump pitches himself as 'crypto president' at San Francisco tech fundraiser
https://www.reuters.com/world/us/trump-pitches-himself-crypto-president-san-francisco-tech-fundraiser-2024-06-07/
Arbitrum approved a proposal to allocate 225 million ARB (~$225 million) for game development
https://www.tally.xyz/gov/arbitrum/proposal/53472400873981607449547539050199074000442490831067826984987297151333310022877
The crypto market is down
BTC Dominance - 53.03%
Market Cap - $2.58T
BTC - $69,439.77 (-2.41%)
ETH - $3,688.01 (-3.29%)
BNB - $681.6 (-3.34%)
ARB - $1 (-7.88%)
STRK - $1.19 (-8.67%)
W - $0.714 (+0.88%)
TAIKO - $2.68 (-4.62%)
https://dropstab.com
💧 Top Funding Rounds in the Last 7 Days
👉 https://dropstab.com/insights/latest-fundraising-rounds
Legendary wrestler Hulk Hogan is alleged to have promoted HULK, a Solana memecoin, online and then deleted the posts.
The move appeared to cause the token price has decreased by ~85%.
https://www.theblock.co/post/299006/hulk-hogan-solana-memecoin-appears-to-lose-15-million-in-value-after-wrestler-allegedly-deletes-posts-promoting-token
Arthur Hayes has introduced a new article "Group of Fools"
https://cryptohayes.substack.com/p/group-of-fools
ProShares proposes listing and trading of spot Ethereum ETF shares under NYSE
https://x.com/cryptomacro14/status/1798839601299444012
zkSync has started a planned migration process from the old bridge to the new one.
Funds are safe.
https://x.com/zkSyncDevs/status/1798753202269037024
The crypto market is neutral
BTC Dominance - 52.71%
Market Cap - $2.66T
BTC - $71,163.99 (+0.25%)
ETH - $3,813.21 (-1.19%)
BNB - $705.4 (+1.06%)
TAIKO - $2.81 (+2.17%)
ARB - $1.08 (-2.53%)
STRK - $1.31 (-0.28%)
W - $0.708 (+13.44%)
https://dropstab.com
Franklin Templeton explores a new crypto fund
https://www.theinformation.com/articles/trillion-dollar-asset-manager-franklin-templeton-explores-new-crypto-fund
Loopring hacked for $5 million
The attack succeeded by compromising Loopring's 2FA service, allowing the hacker to impersonate the wallet owner and gain approval for the Recovery from the Official Guardian.
https://x.com/loopringorg/status/1799791898296451515
Arbitrum to distribute $215M in ARB tokens for gaming innovation
https://cointelegraph.com/news/arbitrum-gaming-catalyst-program-215m-investment
zkSync mainnet deployment of v24 is complete
And the Gemholic project was able to withdraw 921 ETH ($3.4 million).
https://era.zksync.network/address/0xe1e5d4ff2aa2550f2bdf7ff17bb01ff7621049ae#internaltx
https://x.com/zksync/status/1799089096180060522
The number of Binance users has surpassed 200 million.
https://x.com/binancezh/status/1799472799507153315
💧 Artificial Intelligence Projects Overview
👉 https://dropstab.com/tab/ai-price-performance-8jbnwyp1u2
Over the past 24 hours, long positions worth ~$361 million were liquidated.
https://www.coinglass.com/LiquidationData
Friend.tech will work with Conduit on Friendchain, its own blockchain that uses FRIEND as a fully transferable gas token.
https://x.com/friendtech/status/1799283480083435815
💧Current state of the market in our weekly overview
dropstab | icodrops | twitter | telegram
Fortune reports that the founder of VC Shima Capital is allegedly involved in the misappropriation of fund assets.
https://fortune.com/crypto/2024/06/06/shima-capital-vc-ackman-galaxy-yida-gao/
Stake For Governance is now live for W token holders
This is an opportunity to participate in the governance and impact the future direction of the Wormhole DAO and platform.
The W price has increased by 13% in 24 hours.
https://x.com/wormhole/status/1798717029631115272
Medical device maker Semler Scientific buys $17 million more bitcoin and is raising $150M to purchase more
The firm currently holds 828 bitcoin ($59M) and plans to expand its crypto treasury.
https://www.coindesk.com/markets/2024/06/06/medical-device-maker-semler-scientific-buys-17-million-more-bitcoin-and-is-raising-money-to-purchase-more/
Kraken is considering raising a final funding round ahead of a possible initial public offering, according to people familiar with the matter.
The exchange would likely seek to raise more than $100 million, one of the people said.
https://www.bloomberg.com/news/articles/2024-06-06/crypto-exchange-kraken-said-to-be-in-talks-for-pre-ipo-fund-raising-round
Telegram launches digital mini-app payment system Telegram Stars
Telegram Stars allows users to pay for digital services on Telegram via in-app purchases on iOS and Android.
App developers can swap their stars for TON by using the exchange Fragment.
https://www.theblock.co/post/298954/telegram-launches-digital-mini-app-payment-system-telegram-stars
/channel/durov/280
Injective released its updated tokenomics, which offers a new burning mechanism
https://injective.com/INJ_Tokenomics_Paper.pdf
https://x.com/injective/status/1798718346533261388
The Sandbox announces $20M funding at $1B valuation cap to expand creator economy in open metaverse.
https://www.animocabrands.com/the-sandbox-announces-usd20m-funding-at-usd1b-valuation-cap