The much-hyped airdrop being run by Ethereum re-staking protocol EigenLayer continues to spark controversy over limited eligibility to claim compensation. As a result, project founders and users across the cryptocurrency ecosystem are joining in. “The reality is that the days of life-changing airdrops are now behind us,” Leandro Schlottchauer, co-founder and CEO of smart contract developer Kuyen Labs, said in a statement. “It is now clear that airdrops or similar incentives cannot satisfy all community members,” he added. “Community members were divided on the core team’s plans, including how much to airdrop to early contributors and the limited number of…
Author: Crypto Flexs
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If we do the research, you can get alpha!Get exclusive reports and key insights on airdrops, NFTs, and more! Subscribe to Alpha Reports now and enjoy the game!Go to Alpha ReportGrayscale’s Ethereum Trust (ETHE) stock appears to have found firmer footing as the key May deadline for applications for Ethereum spot exchange-traded funds (ETFs) in the U.S. approaches.As of Friday, Grayscale’s ETHE stock was trading at a 22% discount to the fund’s cryptocurrency holdings. Y chart. Since March 22, discounts have ranged between 21% and 26%, up from 8% at the beginning of the month.Many cryptocurrency market analysts have expressed…
Posted 1 minute ago In ~ Shares of the Bitcoin miner rose 18% on Monday, shortly after S&P Global announced it would add Marathon Digital to its small-cap index, increasing the company’s market capitalization by about $800 million, Ycharts reports. The data revealed.Marath0n Digital’s stock closed the day at $20.67, according to Yahoo Finance. The company’s market capitalization rose to $5.5 billion from $4.7 billion on Friday, according to Ycharts data.After the trading session closed on Friday, S&P Global said Marathon Digital would be added to the S&P SmallCap 600.According to S&P Global, “The index is designed to track companies…
index Investors familiar with Solana (SOL) and Bittensor (TAO) are turning their attention to new competitors in the AI cryptocurrency market.Labu (RABT).Currently in its third pre-sale phase, Raboo has already attracted significant interest, raising over $1 million with participation from over 5,000 members and over 1,800 token holders. RABT, priced at just $0.0042, is expected to surge 100x on launch day and achieve a 233% return during the pre-sale period.Let’s take a look at why analysts are optimistic about Raboo’s potential in the AI crypto landscape.brushThe price of rises as new consolidation is promised. growthSolana’s price analysis shows an upward…
The stablecoin market cap increased by 4.76% to $158 billion. DAI Increases Ethereum Stablecoin Trading Volume Despite the broader cryptocurrency market experiencing a recent downturn, Ethereum (ETH) has shown resilience not only in market performance but also in the stablecoin sector. In recent weeks, Bitcoin has risen slightly, while Ethereum has also risen slightly. In particular, Ethereum saw a significant surge in stablecoin trading volume, mainly driven by DAI, a decentralized stablecoin. This surge highlights the growing reliance on stablecoins during periods of market volatility. April was a record-breaking month for Ethereum stablecoin transactions, surpassing all previous records. The total…
Today we double down on our European expansion strategy by announcing a new strategic partnership that will allow us to actively enhance our product offering in Germany, a key market for European cryptocurrency adoption. From about July 10, 2024, we expect to provide German customers with access to a variety of innovative cryptocurrency products through a dedicated service provided by DLT Finance. DLT Finance is a brand of DLT Securities GmbH and DLT Custody GmbH, leading BaFin licensed cryptocurrency service providers providing digital asset prime brokerage and cryptocurrency custody services. Once the partnership goes live, DLT Finance will provide localized…
Bitwise Chief Investment Officer Matt Hougan believes the recent regulatory scrutiny could work in Coinbase’s favor and benefit the company in its fight against the SEC. The US SEC recently issued a Wells Notice to Robinhood Crypto, indicating potential enforcement action for securities violations. According to Hougan, these regulatory investigations are playing a significant role in shaping the competitive landscape among cryptocurrency exchanges, and are particularly benefiting Coinbase. In a post on social media platform X, Hougan argued that the strict regulatory environment unintentionally creates a competitive advantage for Coinbase by building an artificial moat around its operations. These advantages…
“Congress should enact new legislation to avoid legal challenges, but it is unclear whether that will actually happen,” Baumann added. Gensler has directly stated that cryptocurrencies do not need custom laws or guidelines, given his views on cryptocurrencies, banning Bitcoin, and that everything walks and talks like a security.
Bitcoin (BTC) price hit $65,000 in the early Asian trading session on May 6, with the 50-day exponential moving average (EMA) maintaining immediate support for BTC.The BTC/USD pair rose 3.45% from its May 6 low of $63,340 to an intraday high of $65,523, according to data from Cointelegraph Markets Pro and TradingView.BTC/USD daily chart. source: TradingViewBTC is about 15% above the two-month low of $56,500 it reached last week on May 1, as concerns about stagflation in the U.S. economy sent investors into risk-off mode. BTC’s recovery has created a bullish weekly candle with the Bitcoin funding ratio returning “to…
Victoria, Seychelles, May 6, 2024, Chainwire Bitget Wallet, one of the largest Web3 wallets and full-stack DeFi platforms, has officially integrated support for the pioneering Bitcoin staking protocol, Babylon Testnet. With this development, users will be able to discover and connect to the Babylon Testet from the app and browser extension versions of Bitget Wallet, streamlining the Bitcoin staking process for users. this complete Seamlessly manages token and asset transfers and allows secure interaction with decentralized applications (DApps). To connect to the Babylon testnet, users simply search for and add the network on the BitGet Wallet homepage. The Babylon testnet…