The LayerZero airdrop briefly increased the number of messages being sent on the cross-chain communication network as users claimed ZRO. The airdrop was often discussed due to the anti-Sybil used to determine allocations and the $0.10 donation to Protocol Guild required to claim each token.While the launch of the ZRO token did not seem to help revive the stagnant LayerZero network after the announcement that the airdrop snapshot had been taken, other protocols were able to generate revenue.Arbitrum earned $3.38 million on June 20th, the day the ZRO airdrop claiming began. This was the highest-earning day in rollup history and…
Author: Crypto Flexs
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Van Eck Take responsibility for ~ Solana ETF at Us. Speculation about a leadership change abounds. secretary. Siegel Expect Cryptocurrency voter It plays an important role. Exchange-traded funds (ETFs) in the United States are gaining significant attention due to their potential to attract institutional investors to cryptocurrencies. With the recent approval of an Ethereum ETF, investment firm VanEck is pushing for approval of its own Solana ETF. However, any altcoin ETF is likely to face significant regulatory hurdles. The U.S. regulatory environment is so problematic that even VanEck analysts admit that significant changes are needed before a Solana ETF can…
According to CoinShares, the CoinShares research team recently conducted a due diligence investigation in Texas to evaluate several Bitcoin (BTC) mining facilities. The evaluation included companies that CoinShares has previously invested in or that are included in the BLOCK Index and WGMI, including Core Scientific, IREN, Riot Platforms, and Galaxy Digital.Texas: A Growing Hub for Bitcoin MiningTraditionally known for its agriculture and oil sectors, Texas is quickly becoming a key player in the data center industry. The state’s cheap land, cheap power, and favorable political climate make it an attractive location for Bitcoin mining operations.…
Governance in decentralized autonomous organizations is hard. Especially so with decentralized onchain token voting. Ethereum creator Vitalik Buterin famously rejects it due to the difficulties of what is essentially an unbridled democracy. Politics, money and misaligned incentives mean tokenholders are often out for their own benefit rather than the good of the DAO. One danger of this sort of governance is that any party that amasses enough voting tokens can essentially do whatever they like — whether it’s to anoint themselves king, sell the assets or completely change the mission.Core team members who’ve been there from the beginning see outsiders…
A prominent crypto strategist believes one of Ethereum’s (ETH) competitors is in a bullish trend after retesting the $120 range last week. Altcoin Sherpa, an anonymous analyst, told his 217,700 followers on social media platform X that Solana (SOL) appears to have more upside potential after holding the 200-day exponential moving average (EMA) as support. “SOL: I didn’t trade this… but I think it would be nice if SOL went up more.” Source: Altcoin Sherpa/X As of this writing, Solana is priced at $140, down 8.5% over the last 24 hours. The analyst then stated that Bitcoin (BTC) continues to…
Cryptocurrency exchange ByBit has been gaining attention recently due to its growing dominance in the spot market. ByBit is on track to be the second-largest spot exchange by trading volume for the fifth consecutive month, and has recorded its highest market share ever, accounting for 10.6% of the exchange’s total trading volume. In September 2022, its share was just 3%.ByBit’s new dominance was achieved through a steady upward trend, with its market dominance beginning in mid-2023.ByBit CEO Ben Zhou attributed ByBit’s growth to providing an exchange to former FTX customers, allowing users to trade cryptocurrencies on margin, and serving similar…
Bitfinex, a leading digital asset trading platform, announced that it will be one of the first exchanges to list the native token of the Data Ownership Protocol (DOP). According to a Bitfinex press release, the Data Ownership Protocol is a decentralized platform designed to give users complete control over their digital assets and trading data through advanced zero-knowledge proofs. Innovative features of data ownership protocols The Data Ownership Protocol leverages zero-knowledge proofs to enhance transparency and security within the Ethereum Layer 1 framework. This advanced protocol allows for robust asset storage and transaction data management,…
Recent updates on the Spot Ethereum ETF (Exchange Traded Fund) Nate GeraciAs the president of ETF Store, he has received a lot of attention from investors and institutions. According to his post on X, the U.S. Securities and Exchange Commission (SEC), which was expected to approve the launch of such a product by July 2, has postponed its decision to mid-July. Following this update from Geraci, several Ethereum-based tokens have seen massive sell-offs. Whales dump LDO, AAVE, UNI tokens at a loss July 3, On-chain analytics company Look on Chain A single whale/institution has reportedly sold millions of dollars worth…
Bitcoin has been under immense selling pressure over the past 24 hours, with the digital asset breaking below the $60,000 support level and reaching a recent low of $57,800.According to Coinglass data, over $77 million worth of Bitcoin longs have been liquidated on central exchanges in the past 24 hours. This is part of a total of $92 million in liquidated BTC positions. In the broader crypto market, over $295 million has been liquidated on central exchanges, with long positions worth around $259 million.Ether, the second largest cryptocurrency, is also facing significant liquidations, with over $71 million liquidated, $62 million…
According to Binance, Binance Square has launched a new Giveaway Center, offering verified users a chance to win $10,000 worth of MANTRA (OM) tokens by completing a series of simple tasks.Participation DetailsThe activity period will be from July 4, 2024 to July 30, 2024. During this period, verified Binance users will be able to participate by completing three key tasks to unlock a portion of the $10,000 MANTRA (OM) token reward pool. The tasks include:Visit the Activity landing page and follow the project account on Square.Share your pinned post with friends or on social media.Complete…