Ava Labs released the outline for its scaling solution Vryx as it hopes to achieve 100,000 transactions per second.
The scaling solution will be enabled on the first HyperSDK testnet in Q2.
https://www.theblock.co/post/274683/ava-labs-outlines-scaling-solution-vryx-in-plan-for-avalanche-to-reach-100000-tps
💧Current state of the market in our weekly overview
dropstab | icodrops | twitter | telegram
ZetaChain has unveiled its tokenomics.
10% of the total token supply or 210,000,000 ZETA is reserved for community rewards.
https://blog.zetachain.com/zetachain-token-utility-and-update-on-rewards-4fa34958578b
JPMorgan says GBTC sell-off ‘behind us’.
“GBTC profit taking has largely happened already,” said the analysts headed by market strategy managing director Nikolaos Panigirtzoglou in a Jan. 25 market report. “This would imply that most of the downward pressure on Bitcoin from that channel should be largely behind us.”
https://cointelegraph.com/news/gbtc-sell-off-to-stem-jpmorgan-bitcoin-etfs-record-net-outflows
MixMob will launch its MXM token on February 1.
https://twitter.com/MixMobOrigin/status/1750690967881986050
EigenLayer has announced the partnership with Polyhedra.
https://polyhedra.medium.com/empowering-bitcoin-zkbridge-with-eigenlayer-restaking-and-dual-staking-f0e269b113a0
Update: AltLayer is now trading at $0.32
Market Cap - $359.6 million
FDV - $3.28 billion
One of the wallets spent 5.5 ETH on the project’s NFT and received 1.1 million ALT ($350k)
AltLayer allocated 300 million tokens for the airdrop, which is 3% of the total supply and almost $100 million at the current price.
EigenLayer participants with more than 720 points received 667 ALT (213$, 40% performance).
50k+ points - 6,667 ALT (2,133$)
The airdrop can be claimed until February 25th.
https://dropstab.com/coins/altlayer
The zkLINK Community Sale on CoinList starts in an hour.
Price: $0.15
Supply: 31,250,000 ZKL tokens
Lockup & Release: 30% unlock on or around March 31, 2024, followed by 9 months of monthly linear vesting
Initial Purchase Limits: $100 minimum, $500 maximum (USDT/USDC only)
https://blog.coinlist.co/announcing-the-zklink-community-sale-on-coinlist/
⚡️ Recent Funding Rounds Among New Blockchains
👉 Dropstab.com/insights/latest-fundraising-rounds
EigenLayer has rescheduled the addition of new pools by one week, to 20:00 UTC on 5 February.
https://t.co/Jl4XVm6esb
Crypto Market Daily Review ☀️
The market is neutral. Market cap is $1.58T. Bitcoin is trading at $40K
dropstab | icodrops | twitter | telegram
Polygon introduced AggLayer that combines the benefits of monolithic and modular blockchains.
AggLayer v1 will go live on Mainnet in February during its “Aggregation Day” event, an in-depth discussion with developers at Polygon Labs and the broader Ethereum ecosystem about aggregation as the future of blockchains.
https://twitter.com/0xPolygonLabs/status/1750245942261891364
Tesla did not buy or sell any of its Bitcoin, according to its Q4 update.
https://digitalassets.tesla.com/tesla-contents/image/upload/IR/TSLA-Q4-2023-Update.pdf
https://watcher.guru/news/tesla-says-none-of-their-435-million-bitcoin-was-sold-in-q4-2023#google_vignette
Flow has introduced its biggest network upgrade, "Crescendo", which is set to be released in 6 months time.
The Crescendo network upgrade will bring EVM equivalence, Cadence 1.0 and State Scaleability on Flow.
https://twitter.com/flow_blockchain/status/1750207852264718643
SkyArk Chronicles NFT Mint will take place today at 12:00 UTC.
Total Supply: 8000
https://twitter.com/SkyarkS/status/1750786550710087972
https://m.floorswap.io/
Crypto Market Daily Review ☀️
The market is neutral. Market cap is $1.58T. Bitcoin is trading at $39.9K
dropstab | icodrops | twitter | telegram
The number of PYTH stakers has increased tenfold in a fortnight.
https://dune.com/etaetaeta/pyth-stakers-over-time
Rumours: The U.S. government filed a notice stating its plan to sell $117 million worth of bitcoin seized from two individuals including dark web drug dealer Ryan Farace, who used the Silk Road.
https://www.theblock.co/post/274574/us-files-intent-to-dispose-117-million-in-bitcoin-seized-from-silk-road-drug-dealer
SEC delays Grayscale's Spot Ethereum ETF.
https://x.com/watcherguru/status/1750558058801922193
Grayscale transferred another 12200 BTC (~$487m) to Coinbase Prime.
https://platform.arkhamintelligence.com/explorer/entity/grayscale
Binance has listed AltLayer (ALT).
ALT is now trading at ~ 14x from the private round price ($0.018).
https://www.binance.com/en/trade/ALT_USDT
The Elfin Metaverse (Elfin) has recently undergone a complete takeover by the overseas entity of Noiz Group.
As a result, the previous team has been dismissed, and a new management team with extensive experience in gaming and cryptocurrency has assumed control.
“We will be releasing Elfin Metaverse 1.0 in Q1 2024,which will be closely following the mint of Elfin Lands. Additionally, we expect the launch of our token, with the Token Generation Event (TGE) and subsequent listing on CEX scheduled to take place following the introduction of Elfin Metaverse 1.0. We eagerly anticipate the forthcoming developments that promise to unfold on the horizon.”
https://x.com/ElfinGames/status/1750137276951368130
Manta Network has increased by more than 20% in 24 hours.
https://dropstab.com/coins/manta-network
A federal judge last month rejected a request by Binance founder Changpeng “CZ” Zhao to travel to the United Arab Emirates for the “hospitalization and surgery” of a person in his life.
Zhao had offered to post his $4.5 billion in Binance equity as security for his return to the U.S., a new criminal court filing reveals.
https://www.cnbc.com/2024/01/24/-binance-founder-changpeng-zhao-travel-blocked-by-federal-judge.html
The Securities and Exchange Commission delayed its decision timeline on BlackRock's proposal for a spot Ethereum exchange-traded fund to March, according to a filing.
https://www.theblock.co/post/274375/sec-delays-decision-timeline-for-blackrocks-proposed-spot-ethereum-etf-to-march
https://www.sec.gov/files/rules/sro/nasdaq/2024/34-99419.pdf
CoinList has announced the Meson Community Sale.
The sale begins on Feburary 8, 2024 at 18:00 UTC.
Price: $1.75
Supply: 2,500,000 MSN tokens (2.5% of the total supply)
Initial Purchase Limits: $50 minimum, $3,000 maximum (USDT/USDC only)
Lockup & Release: ⅙ unlocked around March 15, 2024, remaining tokens unlocked monthly over 6 months.
Registration deadline: February 5, 2024 at 12:00 UTC
https://coinlist.co/meson