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Samourai Wallet co-founder Keonne Rodriguez pleaded not guilty to two criminal charges tied to creating and marketing the privacy-focused bitcoin wallet application and mixing service.
The charges carry a maximum sentence of 20 years and five years, respectively.
He was subsequently released by a Pennsylvania judge on a $25,000 bond.
Rodriguez’s next hearing will be in Manhattan on May 14.
https://www.coindesk.com/policy/2024/04/29/samourai-wallet-co-founder-keonne-rodriguez-pleads-not-guilty-released-on-1m-bond/
EigenLayer is launching a native token in May and its distribution will include an airdrop for those staking on the platform.
The newly formed and independent non-profit Eigen Foundation will be the entity releasing the token, according to a statement.
The Eigen token will have a total supply of 1.67 billion tokens at launch. The foundation has allocated 45% of the tokens to its community. This is further subdivided into stakedrops (15%), community initiatives (15%) and ecosystem development (15%).
Additionally, 29.5% of the tokens have been allocated to investors, while early contributors will receive 25.5%. Investors and early contributors are subject to a total lockup period of three years for their allocations. The first year involves a complete lock, followed by a gradual release of their total holdings at a rate of 4% per month over the subsequent two years.
The project also released a Whitepaper describing the structure of the Eigen token and how it will fit within the EigenLayer ecosystem.
The community airdrop, which EigenLayer is referring to as a stakedrop, will hand out 15% of the token supply to those who have staked using the platform. These tokens will be distributed across multiple seasons.
In the first season, the foundation will hand out 5% of the token supply to users based on a snapshot of staking activities taken on March 15, 2024. Of this first season allocation, 90% of the tokens will be claimable on May 10 to eligible restakers — with a claim window of 120 days. The final 10% will be claimable in a second phase of the first season that will take place a month later.
The other 10% of the supply that is being distributed to the community has been set aside for future seasons.
https://www.theblock.co/post/291383/eigenlayer-foundation-formed-introduces-native-token-with-multi-season-stakedrop
https://eigenfoundation.org/
https://twitter.com/eigenfoundation
https://github.com/Layr-Labs/whitepaper/blob/master/EIGEN_Token_Whitepaper.pdf
Particle Network has unveiled PARTI, the token powering the Particle Network modular L1.
This token will be distributed via an airdrop campaign and testnet campaign.
Official dates of the PARTI airdrop will be announced in Tomorrow Night’s Twitter AMA at 23:00 UTC.
https://twitter.com/ParticleNtwrk/status/1784962561412079673
Google has temporarily removed TrustWallet app from the Play Store.
https://twitter.com/TrustWallet/status/1784898642718896145
ZERO TGE is approaching on May 6th.
▫️~15-17% of the supply will go to the community as airdrop
▫️>90% of this drop will go to suppliers and borrowers
▫️~15-17% of the supply
▫️5% through Zero Gravity
▫️10-12% through earlyZERO (1:1 with ZERO)
▫️40% upfront
▫️3 months cliff
▫️3 months linear
https://twitter.com/zerolendxyz/status/1784857103435276525
EigenLayer TVL exceeded $16B.
https://defillama.com/protocol/eigenlayer
ConsenSys gives four reasons why Ethereum is not a security.
1. Historical SEC Stance on Ethereum
In 2018, William Hinman, then Director of the Division of Corporation Finance at the SEC, made a significant speech indicating that Ethereum was not considered a security.
2. CFTC’s Classification as a Commodity
The Commodity Futures Trading Commission (CFTC), another regulatory authority in the US, has consistently recognized Ethereum as a commodity.
3. Decentralization and Open Protocol
The essence of Ethereum’s architecture lies in its decentralization. Unlike securities, which a central entity typically governs to benefit insiders with asymmetric information, Ethereum operates on a platform where all information is openly accessible.
4. Irrelevance of the Consensus Mechanism Shift
Ethereum’s recent transition from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus mechanism has been cited by the SEC as a potential reason for reclassification. However, this change does not inherently affect Ethereum’s operation’s core nature or its non-security classification.
https://beincrypto.com/reasons-ethereum-is-not-security-consensys/
Andrei Grachev (DWF Labs): “Seems like the market joined a quite calm and boring phase. We need more drivers for money inflow. Nice time for buidl, ok time for invest and raise.
Bleeding/flat mode for a next few months, then activity increase on the market, maybe ETHETF, and bullish again.”
https://twitter.com/ag_dwf/status/1784201306028314905
GnosisDAO invests $1.5 million and 500 GNO tokens in HOPR to undertake the development of the fully decentralised GnosisVPN.
The prices of HOPR and GNO remained at the same levels.
https://twitter.com/GnosisDAO/status/1783874344013463583
The DTCC says that starting next Tuesday ETFs that have Bitcoin or any other cryptos will have zero collateral value for loans.
https://www.dtcc.com/-/media/Files/pdf/2024/4/26/B20002-24.pdf
Eminem posted a new Crypto.com advertisement to X.
https://twitter.com/Eminem/status/1783859123614052845
https://www.theblock.co/post/291168/eminem-replaces-matt-damon-stepping-up-to-the-mic-in-crypto-com-ad
a16z has introduced 5 rules for token launches.
Rule 1: Never publicly sell tokens in the U.S. for fundraising purposes
Rule 2: Make decentralization the North Star
Rule 3: Communication is everything. Govern yourself accordingly
Rule 4: Be careful about secondary market listings and liquidity
Rule 5: Always make token lockups apply for at least one year from token launch
https://a16zcrypto.com/posts/article/5-rules-for-token-launches/#section--1
💧 Top Funding Rounds in the Last Week
👉 https://dropstab.com/insights/latest-fundraising-rounds
Memecoin airdrops briefly cover cost of Solana ‘Chapter 2’ mobile phone.
The current value of airdrops for Chapter 2 is around $385, with pre-orders for the phone costing $450 ahead of its tentative 2025 rollout.
https://www.theblock.co/post/291108/cat-themed-memecoin-airdrops-solana-mobile-chapter-2
💧Current state of the market in our weekly overview
dropstab | icodrops | twitter | telegram
In April, MicroStrategy acquired an additional 122 BTC for $7.8 million and now holds 214,400 BTC.
https://twitter.com/saylor/status/1785037831175630938
Tether invested $200 million in Blackrock Neurotech, a biotech company that produces brain computer chips and other devices that enhance human capabilities.
https://x.com/tether_to/status/1784931985451876510
TrustWallet: “The Android version of the app is back on the Google Play Store”.
https://x.com/trustwallet/status/1784908287827124618
💧 Top 5 Blockchains by Funds Raised this Year
👉 https://dropstab.com/insights/latest-fundraising-rounds
Crypto Market Daily Review ☀️
The market is down. Market cap is $2.35T. Bitcoin is trading at $62.3K
dropstab | icodrops | twitter | telegram
ASX Ltd., which handles around four-fifths of the country’s equity trading, is expected to approve the first spot-Bitcoin ETFs for the main board before the end of 2024.
https://www.bloomberg.com/news/articles/2024-04-28/bitcoin-btc-etf-bandwagon-heads-to-australia-after-53-billion-haul-in-us
Uniswap CEO on SEC Suit: “If they tax unrealized gains, they need to pay back impermanent loss for Uniswap LPs”.
https://twitter.com/haydenzadams/status/1784226118695809248
Io.net blocked the airdrop farmers who got angry for their GPUs being blocked from the network and attacked its community by exploiting unauthorized access to the users devices private name and gpu models.
All device data was successfully restored.
https://twitter.com/shadid_io/status/1783884054527381653
Friend.tech: Snapshot complete.
https://twitter.com/friendtech/status/1783917297523945588
Yuga Labs restructures company, cuts roles to focus on smaller crypto-native team.
https://www.theblock.co/post/291224/yuga-labs-restructures-company-cuts-roles-to-focus-on-smaller-crypto-native-team
$1.3 billion in USDC transferred to Coinbase.
https://twitter.com/Cointelegraph/status/1783784168238756253
America’s oldest bank, BNY Mellon reports exposure to Bitcoin ETFs in 13F filings.
https://x.com/bitcoinmagazine/status/1783808842423325154
https://www.sec.gov/Archives/edgar/data/1390777/000139077724000062/xslForm13F_X02/xml_filing.xml
Yao Qian, the architect of China's central bank digital currency (CBDC) project, is under investigation for 'violations of discipline and law'.
https://www.coindesk.com/policy/2024/04/26/ex-head-of-chinas-digital-yuan-effort-facing-government-probe-report/
The Securities and Exchange Commission filed charges against Geosyn Mining, LLC, a Texas-based crypto asset mining and hosting company, and its co-founders, Caleb Ward and Jeremy McNutt, for engaging in an unregistered and fraudulent securities offering.
https://www.sec.gov/litigation/litreleases/lr-25983
Chain of Alliance launches beta on April 29th.
https://twitter.com/chainofalliance/status/1782756327959441453