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ICO Drops - ICO News & Alerts

Perhaps affected by recent rumors of security incidents, OKX has seen significant outflows.

Defillama shows that OKX has seen an outflow of $204m in the past 24h and $630m in the past 7d, exceeding the total outflows of other exchanges.

Binance has seen a net inflow of $1.364 billion in the past 7d.

https://x.com/wublockchain/status/1800368569076838799

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ICO Drops - ICO News & Alerts

Ethereum layer-2 Optimism has implemented fault proofs into its smart contracts, according to its development team, OP Labs.

At least four other OP Stack networks will implement the fault proofs “soon,” including Base, Metal, Mode, and Zora.

https://cointelegraph.com/news/optimism-reaches-stage-1-decentralization-implementing-fault-proofs

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ICO Drops - ICO News & Alerts

UwU Lend, a decentralized finance (DeFi) protocol, has been exploited for over $20M. The attack is ongoing, affecting multiple assets.

https://cointelegraph.com/news/uwu-lend-hack-20-million

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ICO Drops - ICO News & Alerts

Yesterday evening Bitcoin reached $70k.
BTC is now trading at $68.3k.

https://dropstab.com/coins/bitcoin

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ICO Drops - ICO News & Alerts

ZKsync has introduced ZK Nation

ZK Nation is a community driven by a shared purpose to govern, defend, and grow the ZKsync protocol.

https://blog.zknation.io/introducing-zk-nation/

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ICO Drops - ICO News & Alerts

South Korea’s Financial Services Commission published a new set of guidelines for regulating NFTs, according to Yonhap news agency.

The new guidelines reportedly stated that the Financial Services Commission (FSC) will regulate certain NFTs as regular cryptocurrencies if they are deemed to no longer possess the unique qualities that distinguish them from cryptocurrencies.

https://www.theblock.co/post/299196/south-korea-new-nft-guideline

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ICO Drops - ICO News & Alerts

The ALEX Lab Foundation has restored liquidity and all ALEX pools are now open

https://x.com/ALEXLabBTC/status/1799755503129530556

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ICO Drops - ICO News & Alerts

Bryan Pellegrino stated that the final Sybil list will be released by the end of the month.

https://x.com/PrimordialAA/status/1799952829723123846

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ICO Drops - ICO News & Alerts

The crypto market is neutral
BTC Dominance - 53.40%

Market Cap - $2.57T
BTC - $69,586.01 (+0.47%)
ETH - $3,682 (+0.23%)
BNB - $668.8 (-0.86%)
STRK - $1.14 (+1.38%)
W - $0.638 (-0.51%)
SMH - $1.77 (-1.66$%)
ORDI - $57.62 (-4.64%)

https://dropstab.com

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ICO Drops - ICO News & Alerts

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

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ICO Drops - ICO News & Alerts

Arbitrum to distribute $215M in ARB tokens for gaming innovation

https://cointelegraph.com/news/arbitrum-gaming-catalyst-program-215m-investment

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ICO Drops - ICO News & Alerts

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

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ICO Drops - ICO News & Alerts

The number of Binance users has surpassed 200 million.

https://x.com/binancezh/status/1799472799507153315

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ICO Drops - ICO News & Alerts

💧 Artificial Intelligence Projects Overview

👉 https://dropstab.com/tab/ai-price-performance-8jbnwyp1u2

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ICO Drops - ICO News & Alerts

Over the past 24 hours, long positions worth ~$361 million were liquidated.

https://www.coinglass.com/LiquidationData

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ICO Drops - ICO News & Alerts

Uniswap Labs has acquired Crypto: The Game

https://decrypt.co/234608/uniswap-labs-acquires-crypto-game-next-season

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ICO Drops - ICO News & Alerts

Bryan Pellegrino: “Ok since it's coming up a ton today, here is how we're currently thinking about eligibility from a wide lens.

The focus is clearly on real users and the fairest and broadest distribution of highly aligned, most durable users.

A lot of this is informed by results of the Sybil process and any real final definition will come directly from LayerZero vs my ramblings

6M initial wallets
3M have sent < 5 tx lifetime, so let's say 3M wallets to really consider.

All transactions < $1.00 deweighted -80% but still count just at 1/5th the rate of a normal tx

All 'valueless NFT' tx deweighted -80% but still count, just at 1/5th the rate of normal tx (In this case valueless is defined as having a listed marketplace value of < 0.00001 ETH or minimal lifetime volume)

These 2 alone deal with most of the inorganic network spam that has largely disappeared post-snapshot.

Things like gas-drop count as valid tx

from there normalize tx based on protocol fees specifically (not the fee to the underlying blockchain the tx was processed on)

min value on this is eligibility criteria, max value/upper bound as well

multipliers based on things like early usage (had played with the idea of block reward/halving style distribution being replayed over tx history but discarded for complexity)

cliffs: Remove sybil, remove spam, semi-linear with upper bound cap, reward early users, reward durable users, RFP to reward all non-standard protocol interaction like LP/etc., focus on fairest and most optimal distribution for protocol”

https://x.com/PrimordialAA/status/1800329243802443889

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ICO Drops - ICO News & Alerts

Lykke cryptocurrency exchange has halted withdrawals after suffering the $22 million exploit on June 4.

The exchange claimed that users’ funds “are safe and will be recovered.”

https://cointelegraph.com/news/lykke-crypto-exchange-acknowledges-hack-halting-withdrawals
https://x.com/lykke/status/1800186135299408013

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ICO Drops - ICO News & Alerts

The crypto market is down
BTC Dominance - 53.58%

Market Cap - $2.51T
BTC - $68,415.29 (-1.67%)
ETH - $3,602.07 (-2.15%)
BNB - $624.8 (-6.28%)
ARB - $0.9478 (-1.52%)
STRK - $1.09 (-4.09%)
W - $0.551 (-13.54%)
SMH - $1.9 (+4.49%)

https://dropstab.com

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ICO Drops - ICO News & Alerts

Polyhedra Network Staking Program is now live

https://x.com/polyhedrazk/status/1800025891319542155

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ICO Drops - ICO News & Alerts

⚡️ Top Node Sales by Funds Raised

💧 DropsTab

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ICO Drops - ICO News & Alerts

zkSync has announced an event for tomorrow

https://x.com/zksync/status/1799911289894076655

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ICO Drops - ICO News & Alerts

Andrei Grachev: “ Google search is decreasing since March 2024.
Stable BTC = confidence, But BTC can't go 50x, at least now, but alts can. If BTC stable, I'd expect a bull run within a few months.”

https://x.com/ag_dwf/status/1799894673978196348

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ICO Drops - ICO News & Alerts

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

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ICO Drops - ICO News & Alerts

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

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ICO Drops - ICO News & Alerts

The gas price on the Ethereum network was down to 5 gwei this morning.

https://etherscan.io/gastracker

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ICO Drops - ICO News & Alerts

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

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ICO Drops - ICO News & Alerts

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/

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ICO Drops - ICO News & Alerts

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/

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ICO Drops - ICO News & Alerts

Arbitrum approved a proposal to allocate 225 million ARB (~$225 million) for game development

https://www.tally.xyz/gov/arbitrum/proposal/53472400873981607449547539050199074000442490831067826984987297151333310022877

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