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
Crypto Market Daily Review ☀️
The market is neutral. Market cap is $2.40T. Bitcoin is trading at $64.4K
dropstab | icodrops | twitter | telegram
The first satoshi mined from the fourth Bitcoin halving block — has been sold at the auction for $2.13M.
https://twitter.com/Cointelegraph/status/1783648287834411051
Consensys filed a lawsuit against the Securities and Exchange Commission.
The company wants a federal court to declare that ETH is not a security.
https://twitter.com/Consensys/status/1783562212667453837
https://www.coindesk.com/policy/2024/04/25/consensys-sues-sec-over-unlawful-seizure-of-authority-over-ethereum/
Movement, the first Move-EVM L2 on Ethereum, has raised $38M in a Series A funding round led by Polychain Capital.
Investors: Hack VC, Placeholder, Archetype, Maven 11, Robot Ventures, Figment Capital, Nomad Capital, Bankless Ventures, OKX Ventures, dao5, and Aptos Labs.
https://x.com/movementlabsxyz/status/1783511681928175791
⚡️ ~$4.6M SOLD OUT in 3 minutes at the Sophon project! ⚡️
The ICO Drops community just closed a ~$4.6M node sale round at the Sophon project in a record 3 minutes. Drops Ventures, Sophon, Merit Circle, Impossible Finance a partnership that’s breaking records!
MicroStrategy could merit S&P 500 inclusion if it adopts new accounting rules.
The FASB issued guidance in December last year that allows companies that hold digital assets on their balance sheet to measure them at fair value, and record changes in fair value in net income in each reporting period. The new rules become effective as of Jan. 1, 2025, but early adoption of the standard is allowed.
https://www.coindesk.com/business/2024/04/25/microstrategy-could-merit-sp-500-inclusion-if-it-adopts-new-accounting-rules-benchmark/
Chris Langalis' notebook with the inscription ‘Buy Bitcoin’ was sold for 16 BTC ($1M) in the auction.
https://twitter.com/harry_forj/status/1783355527159783840
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
Heroes of Mavia: “All other token allocation categories will see an 80% reduction in emissions until February 2025.”
https://x.com/maviagame/status/1783642533098311975
The venture firm Pantera Capital wants to raise $1 billion for a new crypto fund.
Pantera Fund V, as its called, would focus on startup equity, early-stage tokens and liquid tokens among others assets.
https://www.theblock.co/post/291035/pantera-capital-1-billion-new-crypto-venture-fund-pantera-fund-v
Coinbase will add support for Aevo, Ethena, and Etherfi perpetual futures on Coinbase International Exchange and Coinbase Advanced.
The opening of our AEVO-PERP, ENA-PERP, and ETHFI-PERP markets will begin on or after 9:30 UTC on 2 MAY 2024.
https://twitter.com/CoinbaseIntExch/status/1783526225853534342
Injective has integrated with XION, the first L1 built for mainstream adoption through generalized abstraction.
This integration sets the stage for non-crypto natives to onboard onto Injective, advancing the mission to democratize finance through decentralization.
https://x.com/injective/status/1783496528490795174
Immutable is launching crypto gaming rewards program worth $50 million.
https://www.theblock.co/post/290940/immutable-launching-crypto-gaming-rewards-program-worth-50-million
Crypto Punk #635 sold for 4,000 ETH (~$12.41 million).
https://cryptopunks.app/cryptopunks/details/635
Binance has announced the first project on Binance Megadrop - BounceBit (BB).
Users can start participating in the BounceBit Megadrop from 2024-04-26 00:00:00 UTC.
Binance will then list BounceBit (BB) at 2024-05-13 10:00 UTC and open trading with BB/BTC, BB/USDT, BB/BNB, BB/FDUSD and BB/TRY trading pairs.
Web3 Quest 1: “Stake 0.0001 BTCB to BounceBit”
BounceBit Megadrop Details:
▫️Token Name: BounceBit (BB)
▫️Max Token Supply: 2,100,000,000 BB
▫️Megadrop Token Rewards: 168,000,000 BB (8% of max token supply)
▫️Initial Circulating Supply: 409,500,000 BB (19.5% of max token supply)
▫️Smart Contract Details: BounceBit
▫️User Eligibility: KYC required in eligible jurisdictions
▫️Hard Cap per User: 1,344,000 BB
▫️Rewards Calculation: Total Score = (Locked BNB Score * Web3 Quest Multiplier) + Web3 Quest Bonus
▫️Locked BNB Score (based on hourly snapshots during the BNB Locked Products Snapshot Period) = (Average 120-day BNB Locked Amount x 130) + (Average 90-day BNB Locked Amount x 120) + (Average 60-day BNB Locked Amount x 110) + (Average 30-day BNB Locked Amount x 100)
▫️Web3 Quest Multiplier: 1.5
▫️Web3 Quest Bonus: 1,000
https://www.binance.com/en/support/announcement/bouncebit-bb-megadrop-is-now-open-subscribe-to-bnb-locked-products-or-complete-web3-quests-to-participate-a0a11e79467e4ee6a937348005f7c84f