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
MakerDAO is preparing to introduce two new tokens - NewStable and NewGovToken.
NewStable (NST) is the codename for the upgraded version of Dai, tailored for broader adoption and designed with enhanced stability features.
NewGovToken (NGT) represents a refined approach to governance within the ecosystem. It’s designed to encourage wider participation and more dynamic decision-making.
For NewStable (NST): Dai holders can seamlessly upgrade to NewStable, enjoying the flexibility to revert back to Dai as desired.
For NewGovToken (NGT): Each Maker token (MKR) can be converted into 24,000 NGT. This redenomination aims to encourage wider participation in governance activities.
https://x.com/makerdao/status/1786447769109995665
LayerZero Labs offered users the option to self-report with the promise of receiving “15% of their intended allocation.”
https://www.theblock.co/post/292502/layerzero-offers-sybil-farmers-chance-to-self-report-in-the-name-of-durability
ZKasino founder arrested in the Netherlands and €11.4m in assets seized.
https://www.fiod.nl/12-million-seized-and-arrested-in-investigation-into-gambling-platform-scam/
💧Current state of the market in our weekly overview
dropstab | icodrops | twitter | telegram
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
Yesterday, the spot Bitcoin ETF received a total of $378.3M in inflows.
https://farside.co.uk/?p=997
A whale lost ~1,155 WBTC (worth ~$71 million) after falling victim to address poisoning.
https://twitter.com/peckshieldalert/status/1786447590042779855
The new native token for Web3 social media platform FriendTech has started trading on its native decentralized exchange on the Base network.
https://www.theblock.co/post/292350/friendtech-token-goes-live-airdrop
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