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
Arthur Hayes has introduced a new article "Mayday".
https://cryptohayes.substack.com/p/mayday
Crypto Market Daily Review ☀️
The market is growing. Market cap is $2.24T. Bitcoin is trading at $59.3K
dropstab | icodrops | twitter | telegram
XION is working with TOKI to bring its Chain Abstraction solution to the BNB Chain ecosystem.
https://twitter.com/burnt_xion/status/1786033570223665455
EigenLayer changed its drop details.
▫️100 more EIGEN will be added to all users who’ve interacted with EigenLayer before April 29th. All Season 1 users will receive a minimum of 110 EIGEN (floor of 10 EIGEN plus the boost of 100 EIGEN).
▫️Investors and the team remain in full lock-up for one year after Eigen is transferable for the community.
▫️Missed testnet user allocations will be updated as part of Phase 2 of Season 1.
▫️To provide clarity around timelines, these features are targeted for mainnet by September 30th, 2024.
https://blog.eigenfoundation.org/eigen-community-update/
AltLayer staking enters Phase II with Restaked ALT (reALT) Token.
https://twitter.com/alt_layer/status/1785952558684463442
Pantera Capital has invested in The Open Network (TON) blockchain.
https://www.theblock.co/post/292150/pantera-capital-ton-the-open-network
Testnet Phase 1 of the Particle Network modular L1 is officially live.
This Testnet features two key components of the Particle Network modular L1:
▫️Universal Accounts, allowing users to have a single address across all blockchains.
▫️Universal Gas Token, allowing you to pay for gas on any chain after a single deposit, eliminating the need to hold multiple gas tokens.
Along with the Testnet, Particle Network is also rolling out the Particle Pioneer platform.
https://twitter.com/ParticleNtwrk/status/1786002826788745605
On May 1, a record Bitcoin ETF outflow ($563.7 million) was recorded.
https://farside.co.uk/?p=997
MOCA Public Sale ended.
▫️US$29.3 million funds pre-deposited
▫️12x+ oversubscription based on available allocation
▫️17k unique KYC-ed users participated
▫️US$9.8 million committed for the Whale Category
▫️80k Waitlist Lots committed
Sales results will be announced on May 7.
https://twitter.com/MocaverseNFT/status/1785863843421544675
Binance Labs has invested in Movement Labs, the first integrated blockchain network, integrating the security of move and parallel execution through a zero-knowledge rollup.
Movement Labs will support Sui Move, Aptos Move, and an embedded EVM interpreter MEVM—empowering both Sui, Aptos, and EVM users to use the L2.
https://www.binance.com/en/blog/ecosystem/binance-labs-invests-in-movement-labs-to-bring-smart-contract-security-and-parallelization-to-ethereum-116269849788036189
LayerZero: “Snapshot #1 has been completed”.
https://twitter.com/LayerZero_Labs/status/1785821562475839843
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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Tap Protocol (TAP) will soon be the first Ordinals project to have a token launch on CoinList.
https://twitter.com/tap_protocol/status/1786084378298179664
Coinbase generated $1.6 billion in revenue during the first quarter of 2024 compared to $736 million for the same period in 2023.
Transaction revenue across both institutional and consumer clients increased to $1.08 billion.
https://www.theblock.co/post/292265/coinbases-q1-earnings-jump-to-1-6-billion-as-transaction-revenue-soars
Led by CEO Jack Dorsey, Block in April began using 10% of its monthly bitcoin-related gross profit to buy additional bitcoin, with plans to do this each month for the remainder of 2024.
Block already has substantial bitcoin holdings, having purchased 4,709 bitcoins in October 2020 and another 3,318 tokens in early 2021. At today's price of about $59,000, that bitcoin is now worth roughly $4.7 billion.
https://www.coindesk.com/business/2024/05/02/jack-dorseys-block-adding-more-bitcoin-to-balance-sheet-presents-road-map-for-others/
Eric Balchunas: “HK saw $292m in assets on Day One”.
https://twitter.com/EricBalchunas/status/1786035915040674061
FLOKI will make an announcement on May 27.
https://twitter.com/RealFlokiInu/status/1786010193169432634
BlackRock sees sovereign wealth funds, pensions coming to Bitcoin ETFs.
https://www.coindesk.com/business/2024/05/02/blackrock-sees-sovereign-wealth-funds-pensions-coming-to-bitcoin-etfs/
Crypto Market Daily Review ☀️
The market is down. Market cap is $2.18T. Bitcoin is trading at $57.3K
dropstab | icodrops | twitter | telegram
Google is laying off at least 200 employees from its “Core” organization, which includes key teams and engineering talent.
As part of the unit’s reorganization, the company will hire corresponding roles in Mexico and India.
https://www.cnbc.com/2024/05/01/google-cuts-hundreds-of-core-workers-moves-jobs-to-india-mexico.html
Federal prosecutors are examining financial transactions at Block, owner of Cash App and Square.
Internal documents indicate Block processed crypto transactions for terrorist groups and Square processed transactions involving nations subject to economic sanctions (Cuba, Iran, Russia and Venezuela).
https://www.nbcnews.com/business/personal-finance/posecutors-examining-transactions-block-owner-cash-app-squarc-rcna147181
The DRIFT Eligibility Checker is now live.
Checker: https://drift.foundation/eligibility
Launch Airdrop will distribute up to 12% of the total 1B supply:
▫️64% to OGs, your points were factored into the allocation
▫️30% to Trader Points Program activity
▫️5.5% to Early Drifters who used v1
▫️0.5% to Keeper Network
https://x.com/driftfdn/status/1785678784634720449