Telegram is launching Gifts
Gift recipients can choose to display them on their profiles or sell them for Stars.
Some gifts are in limited supply. Later this year it’ll introduce the ability to convert these limited-edition gifts into TON-based NFTs. Users will then be able to auction and trade these tokenized gifts outside Telegram, with ownership recorded on the blockchain.
/channel/durov/348
EigenLayer: “In an isolated incident this morning, an email thread involving one investor’s transfer of tokens into custody was compromised by a malicious attacker.
As a result, 1,673,645 EIGEN tokens were erroneously transferred to the attacker’s address. The attacker sold these stolen EIGEN tokens via a decentralized swap platform and transferred stablecoins to centralized exchanges. We are in contact with these platforms and law enforcement. A portion of the funds have already been frozen.
The compromise has not impacted the broader ecosystem. There is no known vulnerability in the protocol or token contracts and this compromise was not related to any onchain functionality.
We continue to investigate the situation and will be posting further information once we have it.”
https://x.com/eigenlayer/status/1842317191045157099
Magic Eden and Ubisoft release gaming NFT collection on Arbitrum based on Captain Laserhawk anime
The collection of 10,000 NFTs is based on the “Captain Laserhawk: The G.A.M.E” show on Netflix.
https://www.theblock.co/post/319542/magic-eden-and-ubisoft-release-gaming-nft-collection-on-arbitrum-based-on-captain-laserhawk-anime
🔥 Babylon Ecosystem Overview
👉 https://dropstab.com/tab/babylon-ecosystem-p708rjf5gq
Risk assets are likely to rally if the monthly US jobs report due Friday is within the range of expectations, according to Bank of America Corp. strategist Michael Hartnett.
https://www.bloomberg.com/news/articles/2024-10-04/bofa-s-hartnett-sees-risk-on-rally-if-jobs-data-is-as-expected
💧Current state of the market in our weekly overview
dropstab | icodrops | twitter | telegram
Spot ETF Flow on 3.10: BTC-ETF -$54.13M, ETH-ETF -$3.2M
https://sosovalue.com/assets/etf/us-btc-spot
CFTC considers using tokenized shares of money-market funds traded as collateral by the end of the year
https://www.coindesk.com/policy/2024/10/03/cftc-subcommittee-sends-up-recommendations-for-letting-firms-use-tokenized-shares-as-collateral-bloomberg/
https://www.bloomberg.com/news/articles/2024-10-02/use-of-blackrock-tokens-as-collateral-moves-closer-to-mainstream
The crypto market is neutral
BTC Dominance - 56.56%
Market Cap - $2.13T
BTC - $60,960 (-0.71%)
ETH - $2,366.93 (-1.27%)
BNB - $546.7 (-0.54%)
SOL - $137.32 (-3.65%)
INJ - $19.13 (-5.95%)
TON - $5.33 (+0.45%)
EIGEN - $3.48 (1.99%)
SUI - $1.64 (-15.10%)
APT - $8.25 (+0.58%)
https://dropstab.com
Sonic Labs is planning a ~200 million S airdrop
Deflationary Mechanism Explained
As part of the initial distribution, recipients receive 25% of their allocated S tokens immediately upon the airdrop claim date. The remaining 75% is locked in a vesting schedule over 9 months in the form of ERC-1155 tokens (fungible NFTs).
If a user decides to claim their vested tokens before their full maturation period, a portion of these tokens is burned. The burn rate decreases linearly over the 9 months. The earlier the claim, the higher the percentage of tokens burned.
Benefits of the Deflationary Airdrop
1. Supply Reduction: As tokens are burned through early claims, the overall supply of S decreases, which can create token scarcity.
2. Incentivized Holding: Users are motivated to hold their tokens until the vesting period ends to avoid burn penalties, promoting long-term investment and stability
3. Active Engagement: The model encourages users to stay active within the network, as increased participation can maximize the utility of their tokens during the vesting period.
4. Speculative Opportunities: The vested tokens are represented as ERC-1155 NFTs, which can be traded on secondary markets. This adds a layer of flexibility and speculative opportunity for users who wish to capitalize on market dynamics without triggering the burn mechanism.
https://blog.soniclabs.com/designing-a-deflationary-airdrop/
Stafi Protocol has introduced its 2024Q4 Roadmap
▫️FIS Tokenomics Update
Its vision is to steadily shift the FIS tokenomics towards a deflationary model that increases the token’s value over time.
▫️ StaFiHub Migration to Neutron: it plans to migrate the StaFiHub appchain to Neutron, which will then enable it to remove the StaFiHub appchain entirely in the future.
▫️Developers will create new modules and pTokens to increase competitiveness.
▫️A buy-and-burn mechanism is discussed to increase the value of tokens through protocol revenues.
▫️StaFi 2.0 includes rebranding and expanded functionality to support contract layer security.
https://medium.com/stafi/2024q4-roadmap-deflation-adoption-and-lsaas-open-as-a-sustainable-platform-11974d71d979
Global bank messaging network SWIFT will trial live transactions of tokenised assets and digital currencies next year.
https://www.reuters.com/technology/swift-trial-live-digital-currency-transactions-next-year-2024-10-03/
Binance will extend the Monitoring Tag to include more tokens, and remove the Seed Tag for selected tokens on 2024-10-03.
The tokens to be added to the Monitoring Tag list are:
- Bluzelle (BLZ)
- CLV (CLV)
- SelfKey (KEY)
- Prosper (PROS)
- VITE (VITE)
The tokens to be removed from the Seed Tag list are:
- Pendle (PENDLE)
- Sei (SEI)
https://www.binance.com/en/support/announcement/binance-will-extend-the-monitoring-tag-to-include-blz-clv-key-pros-vite-and-remove-the-seed-tag-for-pendle-sei-on-2024-10-03-2178333b0324406088737cf07436ba43
Spot ETF Flow on 2.10: BTC-ETF -$91.76M, ETH-ETF +$14.45M
https://sosovalue.com/assets/etf/us-btc-spot
The crypto market is neutral
BTC Dominance - 56.47%
Market Cap - $2.17T
BTC - $61,925 (-0.27%)
ETH - $2,416.67 (+0.13%)
BNB - $563.2 (+1.06%)
SOL - $142.95 (-0.11%)
INJ - $19.8 (-2.31%)
TON - $5.21 (-3.68%)
EIGEN - $3.12 (-10.78%)
SUI - $1.73 (+0.42%)
ZRO - $4.1 (-2.94%)
https://dropstab.com
Spot ETF Flow on 4.10: BTC-ETF +$25.59M, ETH-ETF +$7.39M
https://sosovalue.com/assets/etf/us-btc-spot
The crypto market is growing
BTC Dominance - 56.51%
Market Cap - $2.17T
BTC - $61,926 (+1.53%)
ETH - $2,403.01 (+1.52%)
BNB - $554 (+1.09%)
SOL - $142.04 (+3.18%)
INJ - $20 (+3.74%)
TON - $5.39 (+0.8%)
EIGEN - $3.47 (+0.23%)
SUI - $1.69 (+2.02%)
APT - $9.01 (+8.8%)
https://dropstab.com
Xterio Points Dashboard is live
Dashboard: https://xter.io/dashboard/points
https://x.com/XterioGames/status/1842194324810863098
Coinbase will delist all unauthorized stablecoins from its crypto exchange in the European Economic Area by year-end, a potential blow for tokens like Tether Holdings Ltd.’s USDT.
https://www.bloomberg.com/news/articles/2024-10-04/coinbase-to-delist-non-compliant-stablecoins-in-eu-in-december
Of the 62 airdrops analysed, only 8 had positive returns after 90 days—4 on Ethereum and 4 on Solana. BNB, Starknet, Arbitrum, Merlin, Blast, Mode, and ZkSync had no winners. Solana had a 25% hit rate, and Ethereum 14.8%.
https://keyrock.com/airdrops-in-the-barren-desert/
During the investigation,carried out with an industry-leading team Linea identified 7285 addresses pertaining to sybil farms who were able to bypass the PoH system.
This represents only 0.1% of the total Culture Szn activity.
https://x.com/LineaBuild/status/1841856854181478873
CryptoPunk 1563 sold for a record 24,000 ETH (~$56.3 million)
https://x.com/cryptopunksbot/status/1841924882868707530
An upcoming HBO documentary "Money Electric: The Bitcoin Mystery" aims to reveal the true identity of the pseudonymous creator of Bitcoin, Satoshi Nakamoto.
Nakamoto, the famously anonymous inventor of Bitcoin, apparently vanished in December 2010. Estimates are that if Nakamoto is still around, the Bitcoin creator could control as much as 1.1 million bitcoin, currently worth about $67 billion, at least on paper.
The documentary, entitled "Money Electric: The Bitcoin Mystery" and out next Wednesday, Oct. 9, was created by Cullen Hoback, the director of "Q: Into the Storm," the docu-series that exposed those behind the QAnon conspiracy theory.
https://www.theblock.co/post/319430/new-hbo-documentary-aims-to-reveal-bitcoin-creator-satoshi-nakamotos-true-identity
https://www.politico.eu/article/mystery-creator-bitcoin-identified-new-hbo-documentary-satoshi-nakamoto-crypto-currency/
Binance Labs Invests in Sophon
The amount of the investment was not disclosed.
https://www.binance.com/en/blog/ecosystem/binance-labs-invests-in-sophon-to-accelerate-web3-integration-into-entertainment-gaming-and-ai-applications-3514593157017953750
Grayscale’s has started a new fund which offers exposure to Aave's AAVE token
The asset manager currently offers over 20 different crypto investment products.
https://www.coindesk.com/business/2024/10/03/grayscale-rolls-out-aave-fund/
Bybit is introducing the ability to trade major indices using USDT. Now, you can now access the China A50 Index Cash CFD (USD), Dow Jones Index Cash CFD (USD), NAS100 Cash, Nikkei Index Cash CFD (JPY), Hang Seng Index Cash CFD (HKD), and more.
https://announcements.bybit.com/article/trade-indices-with-usdt-explore-beyond-gold-and-forex-on-bybit-metatrader-5-bltf72cf5397a941a47/
The SEC has received a proposal to list and trade the Franklin Templeton Bitcoin & Ethereum Crypto Index ETF.
The new ETF, managed by Franklin Templeton, aims to offer investors exposure to both Bitcoin and Ethereum, combining these two major crypto assets in one index fund.
https://cryptobriefing.com/crypto-etf-proposal-sec/
Securities and Exchange Commission Enforcement Director Gurbir S. Grewal is leaving the agency after a three-year tenure.
Sanjay Wadhwa, the division’s deputy director, will step up as temporary acting director and Chief Counsel Sam Waldon will serve as acting deputy director.
As the security watchdog’s top cop, Grewal filed enforcement actions against several of the most prominent U.S.-based crypto companies, including Coinbase, Kraken and Ripple Labs, as well as countless international entities like Binance. Under Grewal’s tenure, the agency authorized more than 100 enforcement actions specifically against crypto firms.
https://www.theblock.co/post/319238/top-sec-enforcement-official-gurbir-s-grewal-steps-down