Injective has unveiled its collaboration with Arbitrum.
Working alongside Arbitrum allows a broader developer toolkit for inEVM users which was previously only available in the Ethereum L2 ecosystem.
https://blog.injective.com/en/arbitrum-and-injective-are-together-pioneering-novel-interoperable-evm-infrastructure/
Euronext-listed leading global trading firm FlowTraders has initiated a USDC 10M loan on Clearpool Prime.
https://x.com/clearpoolfin/status/1788192056483225631
Gearbox has released an update on points farming with leverage.
The update reduces liquidation risks:
▫️Borrow rate reduced to 15%
▫️Fundamental oracles (instead of market oracles)
▫️Partial liquidations
So you have leverage that costs less, is less likely to liquidate you(soon for all) and in case you still get liquidated, will try to only partially liquidate you.
https://blog.gearbox.fi/Friendly-neighbourhood-leveraged-points/
Aethir is airdropping to the Azuki community as part of its Aethir Cloud Drop campaign.
https://twitter.com/AethirCloud/status/1787899572955590861
https://airdrop.aethir.com/
Crypto Market Daily Review ☀️
The market is down. Market cap is $2.33T. Bitcoin is trading at $62.4K
dropstab | icodrops | twitter | telegram
FTX: “Once it finishes selling all of its assets, the company will have as much as $16.3 billion in cash to distribute.”
https://www.bloomberg.com/news/articles/2024-05-07/ftx-has-billions-more-than-needed-to-repay-bankruptcy-victims
Grayscale withdraws its Ethereum Futures ETF application.
https://cointelegraph.com/news/grayscale-withdraws-ethereum-futures-etf-application
Mode Network (MODE) trading has started on Bybit, Gate and MEXC.
MODE is now trading at ~$0.05.
FDV: $500M.
https://www.bybit.com/en/trade/spot/MODE/USDT
https://www.gate.io/trade/MODE_USDT
LayerZero has announced a collaboration with Nansen and Chaos Labs to conduct the sybil detection report.
https://x.com/layerzero_labs/status/1787608904177746004
Crypto Market Daily Review ☀️
The market is neutral. Market cap is $2.36T. Bitcoin is trading at $63.4K
dropstab | icodrops | twitter | telegram
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
The on-chain investigations team behind Binance played a key role in leading law enforcement to the arrest of the ZKasino scam suspect.
The Fiscal Information and Investigation Service (FIOD) to arrest the 26-year-old suspect on April 29, seizing over 11.4 million euros ($12.2 million) worth of crypto, real estate and luxury cars.
https://cointelegraph.com/news/binance-leads-arrest-zkasino-scam
💧Top 10 Bitcoin Layer-2 by Total Value Locked
👉 https://dropstab.com/categories/bitcoin-ecosystem
MultiversX annonunces that EGLD can now be purchased with TRY (Turkish Lira) on Binance and BinanceTR.
binance.com/en/trade/EGLD_TRY
trbinance.com/tr/trade/EGLD_TRY
https://twitter.com/MultiversX/status/1788117399553638855
SEC Chair Gary Gensler: “Crypto is a small piece of our overall markets. And -- but it’s an outsized piece of the scams and frauds and problems in our markets because without prejudging any one token, much of this field is noncompliant with the protections of our securities laws.”
https://www.cnbc.com/2024/05/07/cnbc-exclusive-cnbc-transcript-sec-chair-gary-gensler-speaks-with-cnbcs-andrew-ross-sorkin-on-squawk-box-today.html
Peaq will have the PEAQ sale on CoinList from 9 May to 16 May.
https://twitter.com/peaqnetwork/status/1786470989318017505
$438 billion asset manager Susquehanna has revealed it purchased $1.3 billion worth of Spot Bitcoin ETFs.
Susquehanna disclosed its Bitcoin ETF portfolio in a 13F SEC filing, spread across multiple ETFs:
▫️Grayscale BTC: $1,091,029,663 (17,271,326 shares)
▫️Fidelity Bitcoin ETF: $83,744,633 (1,349,414 shares)
▫️BlackRock Bitcoin ETF: $23,595,993 (583,049 shares)
▫️ARK21 Bitcoin ETF: $536,116,328 (508,824 shares)
▫️Bitwise Bitcoin ETF: $21,709,807 (560,832 shares)
▫️Valkyrie Bitcoin ETF: $3,872,831 (192,391 shares)
▫️Invesco Galaxy ETF: $11,801,862 (166,200 shares)
▫️VanEck Bitcoin ETF Trust: $20,595,480 (256,354 shares)
▫️WisdomTree Bitcoin ETF: $19,290,934 (255,814 shares)
https://watcher.guru/news/438b-asset-manager-susquehanna-buys-1-3b-in-bitcoin-etfs
https://www.sec.gov/Archives/edgar/data/1462245/000108514624002263/xslForm13F_X02/infotable.xml
Former Sequoia exec's fund Monolith Management invested $24 million in BlackRock bitcoin ETF.
https://www.theblock.co/post/292924/former-sequoia-execs-fund-invested-24-million-in-blackrock-bitcoin-etf-over-twice-its-position-in-meta
https://www.sec.gov/Archives/edgar/data/2008306/000200830624000002/xslForm13F_X02/positions.xml
Binance will open trading for the EGLD/TRY, PHB/TRY and RSR/TRY trading pairs at 2024-05-08 08:00 UTC.
https://www.binance.com/en/support/announcement/notice-on-new-trading-pairs-trading-bots-services-on-binance-spot-2024-05-08-fb150d24be2543229be84104258f8a2b
https://twitter.com/MultiversX/status/1787792927973842952
Tabi has announced Airdrop Season 1 details.
800,000,000 $
TABI will be allocated to:
▫️Voyager event participants
▫️GG holders
▫️Public sale participants
▫️Captain Node holders
▫️Ecosystem project builders
▫️Testnet Contributors
https://x.com/tabichain/status/1787516082368221506
$130 billion asset manager Hightower has revealed it purchased $68 million worth of Spot Bitcoin ETFs.
Hightower disclosed the following Bitcoin ETF positions:
▫️Grayscale BTC: $44,838,000 (709,956 shares)
▫️Fidelity Bitcoin ETF: $12,410,000 (200,084 shares)
▫️BlackRock Bitcoin ETF: $7,621,000 (188,397 shares)
▫️ARK Bitcoin ETF: $1,702,000 (23,964 shares)
▫️Bitwise Bitcoin ETF: $988,000 (25,449 shares)
▫️Franklin Templeton Bitcoin ETF: $788,000 (19,129 shares)
https://watcher.guru/news/130b-asset-manager-hightower-buys-68m-in-spot-bitcoin-etfs
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/