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The co-founders of Lido are secretly funding a competitor to EigenLayer.
According to several people with knowledge of the matter, the project is called Symbiotic and has drawn backing from not only the Lido co-founders, Konstantin Lomashuk and Vasiliy Shapovalov, through their venture firm Cyber Fund, but also Paradigm.
Symbiotic allows users to "restake" using Lido's staked ether (stETH) token and other popular assets that are not natively compatible with EigenLayer.
https://www.coindesk.com/tech/2024/05/14/lido-co-founders-paradigm-secretly-back-eigenlayer-competitor-as-defi-battle-lines-form/
Chain of Alliance has introduced Alliance Games.
Alliance Games offers decentralized hosting, AI-driven game creation, and a blockchain-agnostic platform.
https://twitter.com/chainofalliance/status/1790366487619989582
Crypto Market Daily Review ☀️
The market is down. Market cap is $2.28T. Bitcoin is trading at $61.9K
dropstab | icodrops | twitter | telegram
The State of Wisconsin Investment Board revealed $99 million in BlackRock spot bitcoin ETF and $63 million in Grayscale spot bitcoin ETF.
https://www.theblock.co/post/294380/state-of-wisconsin-investment-board-reveals-163-million-in-spot-bitcoin-etfs
The TON Foundation launches the Open League Summer hackathon with $2 million in rewards.
https://twitter.com/ton_blockchain/status/1790362184859484404
Tornado Cash dev Alexey Pertsev gets 64-month prison term after Dutch court finds him guilty of money laundering.
https://www.dlnews.com/articles/regulation/tornado-cash-dev-alexey-pertsev-guilty-of-money-laundering/
Zhu Su: „I think VCs have within the span of two months gone from laughing at memecoins, to haughtily insulting them, to realising high fdv / low float meta is over. 95% of the coins underperforming the last month or so will never recover. There is no one to buy unlocks, there's no plan.“
https://twitter.com/zhusu/status/1790198782531125648
💍 Top Memes on TON by FDV
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Coinbase is experiencing a system wide outage.
The company is investigating this issue and working on a solution.
https://x.com/coinbasesupport/status/1790239326321733819
FLOKI DAO put forward a proposal to burn 15,246,000,000 FLOKI tokens.
End date: May 15
https://snapshot.org/#/floki-inu.eth/proposal/0xeb0cad899fbf88b71e20171c771c1b71b8b90dcb3ce2da80a5b12dc38107506b
Drift Protocol has announced the airdrop details.
DRIFT Launch Airdrop claims will go live on May 16 at 12:00 UTC.
Total Airdrop Supply: 12%
Total Tokens for Airdrop: 120,000,000
Eligibility & claim URL: drift.foundation
The initial allocation is available at launch, and the bonus unlocks linearly over 6 hours. Vesting starts at launch and will stop when claimed.
https://twitter.com/DriftFDN/status/1790141570685051034
Crypto Market Daily Review ☀️
The market is growing. Market cap is $2.31T. Bitcoin is trading at $62.4K
dropstab | icodrops | twitter | telegram
Binance Labs has invested in Zest Protocol, an on-chain bitcoin lending infrastructure enabling users to lend or borrow native BTC with transparent yields in a permissionless way.
https://www.binance.com/en/blog/ecosystem/binance-labs-invests-in-zest-protocol-to-introduce--onchain-bitcoin-lending-on-stacks-blockchain-4872312500777637604
Holograph has introduced the airdrop checker and airdrop round 1 details.
Checker: https://eligibility.holograph.foundation/
Tokenomics:
Total supply: 10B HLG
500,000,000 HLG (5% of the total supply) will be distributed to eligible recipients in HLG Rewards Round 1.
Initial Circulating Supply: 15,25%
Key Timelines:
Registration Period: May 13, 2024 at 10:00 UTC — May 23, 2024 at 4:59s UTC
Distribution Period: May 23, 2024 at 17:00 UTC — May 23, 2024 at 9:59 UTC
Results Announcement: May 23, 2024 at 10:00 UTC
Lock-Up Period: Until May 23, 2024 at 12:00 UTC
Holograph is an omnichain tokenization protocol, enabling asset issuers to mint natively composable omnichain tokens.
Website: https://www.holograph.xyz/
Twitter: https://twitter.com/holographxyz
https://mirror.xyz/holographxyz.eth/VwVSwT0BqujmLuq5Xnm4exDnx90Wl7c6WaqX8EuOuQI
Carv has postponed the node sale.
Whitelist Node Sale Launch: May 24, at 12:00 UTC
Public Node Sale Launch: May 28, at 12:00 UTC
https://medium.com/carv-official/carv-nodes-up-to-100-buyback-program-chaperone-the-node-launch-fostering-a-decentralized-9fa0353e475f
LayerZero announces that Sybil bounty hunting begins on May 18th, 02:00 UTC.
Bounty reports will be due on May 31st, 23:59 UTC and must contain at least 20 addresses with a clear methodology.
A successful report will result in a bounty hunter receiving 10% of a sybil’s intended token allocation and the sybil receiving nothing.
Self-reporting is open until May 17th, 23:59 UTC. Addresses that self-report as sybil receive 15% of their intended allocation, no questions asked. Addresses that do not self-report and are identified as sybil by its internal report, co-authored with Chaos and Nansen, or found during the bounty process will receive nothing.
https://x.com/layerzero_labs/status/1790470417532018882
Sonne Finance has been exploited for $20M with the known donation attack.
The exploiter executed 4 of the transactions when 2-day timelock ends for the creation of markets, and after that, executed the transaction for adding c-factor to the markets.
SonneFinance/post-mortem-sonne-finance-exploit-12f3daa82b06" rel="nofollow">https://medium.com/@SonneFinance/post-mortem-sonne-finance-exploit-12f3daa82b06
Certik: “We have seen a suspicious transaction affecting Alex Lab.
Initial evidence points to a possible private key compromise.
In total ~$4.3m worth of assets have been transferred to 0x2705.”
https://twitter.com/CertiKAlert/status/1790432967422083329
Polymarket has raised $70 million across two rounds, with the most recent raise led by Founders Fund, a spokesperson said.
Ethereum co-founder Vitalik Buterin was among backers.
https://www.bloomberg.com/news/articles/2024-05-14/peter-thiel-s-founders-fund-backs-election-betting-with-polymarket-funding
Tether announces the signing of a Memorandum of Understanding (MoU) with RAK Digital Assets Oasis (RAK DAO), which is the first step towards the launch of several strategic initiatives to help foster the adoption of Bitcoin technology and stablecoins in Ras Al Khaimah (RAK), the northernmost emirate in the United Arab Emirates.
In collaboration with RAK DAO, Tether will help facilitate crypto payment adoption in the region and design blockchain-focused education programs.
https://tether.io/news/tether-signs-mou-with-rak-dao-to-develop-educational-initiatives-on-bitcoin-and-stablecoins-in-the-ras-al-khaimah-region/
Equalizer (DEX on Fantom): “Don't use Equalizer.Exchange for now.
Please use these alternative Mirrors till then.
equal.eliteness.network (Equalizer on Fantom)
scale.eliteness.network (Equalizer on Base)
equity.eliteness.network (Equity)
clfarm.vip (CL Farms on Base & Fantom)
Please refrain from using the Cross-chain bridge.equalizer, equity analytics, beta sites and v4 sites.
Only the above sites are safe. We are working on restoring the main website and will update you shortly.”
https://twitter.com/Equalizer0x/status/1790301130913960098
Coinbase has announced that the issue has already been resolved.
https://x.com/coinbasesupport/status/1790313929631011018
Sabai Protocol has been listed on MEXC today at 10:00 UTC.
SABAI is currently trading at $0.04 (150% in just one week, surpassing its all-time high).
Sabai Protocol is a fundamental RWA project based on the tokenization of real estate, tangible, and virtual assets, with already tokenized real estate worth $1 million and ranked among the top 10% of projects audited by Certik.
https://twitter.com/sabaiecoverse https://sabaiprotocol.com/
According to GitHub, Taiko TGE is approaching on May 26th.
Taiko is a decentralized, Ethereum-equivalent ZK-Rollup.
Website: https://taiko.xyz/
Twitter: https://twitter.com/taikoxyz
https://github.com/taikoxyz
Bryan Pellegrino: “Up to 100,000 self reported Sybil addresses. My intuition is that a confirmed data set of 100,000+ is going to be extremely powerful in finding others either using same software or similar methodologies. Can’t wait to see what it yields.”
https://twitter.com/PrimordialAA/status/1790033102837797069
UBS, the largest Bank in Schweiz, and Bank of Montreal, the 4th largest in Canada, disclose that they own Blackrock Bitcoin Spot ETF.
https://twitter.com/seth_fin/status/1790073444442235227
DYdX founder Antonio Juliano to step down as CEO of the decentralized exchange; Ivo Crnkovic-Rubsamen takes over.
https://www.coindesk.com/business/2024/05/13/dydx-founder-antonio-juliano-to-step-down-as-ceo-of-the-decentralized-exchange-ivo-crnkovic-rubsamen-takes-over/
Notcoin direct deposits to exchanges will be closed tomorrow (May 14th).
The next time withdrawal options (including on-chain claim) will be opened after the listing.
https://twitter.com/thenotcoin/status/1790006429912293875
BounceBit (BB) trading has started on Binance.
BounceBit (BB) is the first project on Binance Megadrop.
BB is now trading at $0.46.
FDV: $978.6M
Max Token Supply: 2,100,000,000 BB
Initial Circulating Supply: 409,500,000 BB (19.5% of max token supply)
Website: https://bouncebit.io/
Twitter: https://twitter.com/bounce_bit
https://www.binance.com/en/trade/BB_USDT
⚡️Top 5 EigenLayer Operators with Airdrop Campaign
👉 https://dropstab.com/coins/eigenlayer