Grayscale withdraws its Ethereum Futures ETF application.
https://cointelegraph.com/news/grayscale-withdraws-ethereum-futures-etf-application
Mode Network (MODE) trading has started on Bybit, Gate and MEXC.
MODE is now trading at ~$0.05.
FDV: $500M.
https://www.bybit.com/en/trade/spot/MODE/USDT
https://www.gate.io/trade/MODE_USDT
LayerZero has announced a collaboration with Nansen and Chaos Labs to conduct the sybil detection report.
https://x.com/layerzero_labs/status/1787608904177746004
Crypto Market Daily Review ☀️
The market is neutral. Market cap is $2.36T. Bitcoin is trading at $63.4K
dropstab | icodrops | twitter | telegram
Fintech firm Block (formerly Square) announced plans on May 6 to issue $1.5 billion in senior notes through a private placement to qualified institutional investors.
https://cointelegraph.com/news/jack-dorsey-block-raise-1-5-billion-senior-notes-offering
DeBank announced the snapshot.
https://twitter.com/DeBankDeFi/status/1787467360741515461
Robinhood received a Wells Notice from the Securities and Exchange Commission (SEC) on May 4.
https://www.coindesk.com/policy/2024/05/06/robinhood-shares-fall-after-its-crypto-arm-gets-wells-notice-from-sec/
DWF Labs integrated Ston.fi and DeDust to support native projects on Ton.
https://twitter.com/ag_dwf/status/1787407135694889079
Zerolend (ZERO) trading has started on Bybit.
ZERO is now trading at ~$0.00075.
FDV: ~$75M
https://www.bybit.com/en/trade/spot-m/ZERO/USDT
Puffer's Mainnet launches Wednesday.
https://x.com/puffer_finance/status/1787316108397367655
The number of transactions on the Bitcoin network has exceeded 1 billion.
https://bitcoin.clarkmoody.com/dashboard/
Uniswap CEO: “Not aimed at any specific project, but have seen a ton of discourse recently on the topic so figured I’d share my take on good token distributions:
1) tokens, not points
2) don’t farm the farmers - teasing and creating ambiguity around a token distribution to grow your numbers is bad behavior. If you don’t know yet, don’t speculate publicly. If you do know but are not ready to share full details, don’t tease them out. Just share real details when ready
3) real liquidity day 1 - low float tokens are malicious and my biggest pet peeve. You don’t need to work with exchanges or market makers. It’s so easy. Just distribute enough tokens publicly that real price discovery happens on DEX. People should start thinking in FDV not mcap when valuing these things
4) don’t create absurdly high token supply to farm people with unit bias, this is also bad behavior
5) don’t be stingy - give a significant amount away. If you don’t think the community deserves a significant amount, don’t release a token
6) don’t market token price - if you tweet about how your token is going to moon or hire influencers, or marketing firms to do so I assume you’re just trying to get rich quick vs build real value
7) keep it simple
8) put real thought and care into your decisions - so you can stand behind them and explain your rationale. Don’t end up in a situation where you’re fighting or apologizing to crypto twitter. Create something you’re proud of and stand behind it.”
https://x.com/haydenzadams/status/1786784808187621874
Coinbase has been hit with a new lawsuit alleging that ALGO, MANA, MATIC, NEAR, UNI, SOL, XLM and XTZ tokens are securities.
https://www.theblock.co/post/292552/coinbase-faces-copycat-class-action-suit-asserting-tokens-are-securities-in-echo-of-pending-case
Tesla has updated the payment methods on its website to include DOGE.
https://www.tesla.com/support/dogecoin
Former Sequoia exec's fund Monolith Management invested $24 million in BlackRock bitcoin ETF.
https://www.theblock.co/post/292924/former-sequoia-execs-fund-invested-24-million-in-blackrock-bitcoin-etf-over-twice-its-position-in-meta
https://www.sec.gov/Archives/edgar/data/2008306/000200830624000002/xslForm13F_X02/positions.xml
Binance will open trading for the EGLD/TRY, PHB/TRY and RSR/TRY trading pairs at 2024-05-08 08:00 UTC.
https://www.binance.com/en/support/announcement/notice-on-new-trading-pairs-trading-bots-services-on-binance-spot-2024-05-08-fb150d24be2543229be84104258f8a2b
https://twitter.com/MultiversX/status/1787792927973842952
Tabi has announced Airdrop Season 1 details.
800,000,000 $
TABI will be allocated to:
▫️Voyager event participants
▫️GG holders
▫️Public sale participants
▫️Captain Node holders
▫️Ecosystem project builders
▫️Testnet Contributors
https://x.com/tabichain/status/1787516082368221506
$130 billion asset manager Hightower has revealed it purchased $68 million worth of Spot Bitcoin ETFs.
Hightower disclosed the following Bitcoin ETF positions:
▫️Grayscale BTC: $44,838,000 (709,956 shares)
▫️Fidelity Bitcoin ETF: $12,410,000 (200,084 shares)
▫️BlackRock Bitcoin ETF: $7,621,000 (188,397 shares)
▫️ARK Bitcoin ETF: $1,702,000 (23,964 shares)
▫️Bitwise Bitcoin ETF: $988,000 (25,449 shares)
▫️Franklin Templeton Bitcoin ETF: $788,000 (19,129 shares)
https://watcher.guru/news/130b-asset-manager-hightower-buys-68m-in-spot-bitcoin-etfs
SEC delays making a decision on the proposed Invesco Galaxy spot Ethereum ETF.
The SEC set its next deadline to July 5.
https://www.theblock.co/post/292714/sec-delays-making-a-decision-on-the-proposed-invesco-galaxy-spot-ethereum-etf
MetaMask is rolling out Smart Transactions, a new feature designed to help users avoid the consequences of maximal extractable value, or MEV this week.
https://www.coindesk.com/tech/2024/05/06/popular-crypto-wallet-metamask-rolls-out-smart-transactions-to-combat-ethereum-front-running/
Blast added several multipliers.
https://twitter.com/Blast_L2/status/1786488380030689512
💧 Top 10 Gainers Since Beginning of the Year
👉 https://dropstab.com/tab/top-gainers
The US Justice Department (DoJ) has indicted and arrested an heir to the Cartier jewelry empire with conspiring to launder the proceeds of drug trafficking using tether (USDT).
https://protos.com/cartier-family-member-arrested-for-laundering-drug-money-with-tether-1/
Crypto Market Daily Review ☀️
The market is neutral. Market cap is $2.39T. Bitcoin is trading at $64.1K
dropstab | icodrops | twitter | telegram
Justin Sun deposited 120K ETH (~$375M) in Swell, accounting for 46% of total deposits.
https://debank.com/profile/0x7a95f1554ea2e36ed297b70e70c8b45a33b53095
💧 Top Funding Rounds in the Last Week
👉 https://dropstab.com/insights/latest-fundraising-rounds
PEPE founder: “I Lost almost $70 Million due to address poisoning.”
https://twitter.com/pauly0x/status/1786880342147875216
Bitfinex CTO Paolo Ardoino, also the CEO of Tether, has cast skepticism on a ransomware group’s week-old claim that personal data from the exchange was breached.
Hacking group FSOCIETY claimed last week to have hacked Bitfinex along with Rutgers University and two other companies.
https://www.theblock.co/post/292538/bitfinex-cto-denies-rumors-of-data-breach-from-ransomware-group
Cyber Capital founder said that over 84% of the staked SUI supply is held by founders.
https://twitter.com/Justin_Bons/status/1786064329193787452