Breaking crypto and Web3 news, analysis and market intelligence for institutional investors.
Decentralized Autonomous Organizations (DAOs), first introduced in 2016, have long been seen as the answer to how decentralized protocols can be governed. Advocates of DAOs have argued that they should not be subject to the same legal obligations as traditional companies. However, recent court rulings suggest that DAOs might not be as immune from legal … Read more
On November 15, the Ethena Foundation announced that its risk committee has approved a proposal by Wintermute, a prominent market maker and supporter of the Ethena protocol, to overhaul the revenue-sharing structure within the ecosystem. This move is designed to better align the interests of staked ENA (sENA) holders with the protocol’s financial performance. The … Read more
Bitwise Asset Management has announced that its flagship Bitwise 10 Crypto Index Fund (BITW) is set to be listed as an exchange-traded product (ETP) on the NYSE Arca, a move that could significantly enhance liquidity and market efficiency for investors. The application is part of Bitwise’s strategy to broaden access to regulated crypto investment products, … Read more
Hyperliquid, a Layer 1 blockchain and decentralized exchange (DEX) platform focused on perpetual contracts, is gearing up for its highly anticipated Genesis Event. This event, set to distribute the coveted HYPE tokens to early users, has created a wave of excitement in the crypto community. However, some users have encountered issues confirming their eligibility for … Read more
After the relative success of its PEPPER token airdrop, Chiliz (CHZ) is gearing up to launch a new token called SALT in 2025, according to a recent announcement from Dreyfus on X (formerly Twitter). The announcement has piqued the interest of the community, especially those who have participated in previous Chiliz token drops, such as … Read more
Hamster Kombat, the fast-growing blockchain-based gaming platform, is generating waves of excitement within its community as the price of its native token, HMSTR, has surged by an impressive 83% over the past week. This spike in value comes at a pivotal moment, with rumors swirling about an upcoming Season 2 airdrop and a host of … Read more
In the world of cryptocurrency, airdrops have long been viewed with caution, often seen as harbingers of a token’s inevitable decline. The fate of airdropped tokens like BLAST, EIGEN, and ZK has led many to consider them a sign of impending underperformance. However, a new project is challenging that narrative in spectacular fashion: Grass Network. … Read more
Despite facing a prolonged drawdown, First Neiro on Ethereum (NEIRO) holders are showing remarkable resilience, refusing to sell even as the meme coin has surged by 20% in the past 24 hours. This steadfast sentiment reflects growing optimism that NEIRO’s recent uptrend is just the beginning, and that a stronger rally could be on the … Read more
Zodia Custody, a prominent digital asset custody provider, has secured additional capital to accelerate its growth and further enhance its product lineup. The company, which already offers secure custody services across 15 jurisdictions, plans to use this new funding to strengthen its position in the rapidly expanding digital asset space. Expanding Reach and Capabilities CEO … Read more
P2P.org, a leading operator within the EigenLayer ecosystem, has launched Season 2 of its Airdrop program, distributing a whopping 828 ETH (approximately $2.2 million) to loyal delegators who have supported EigenLayer. This generous allocation underscores P2P.org’s commitment to fostering a thriving community and driving the growth of the EigenLayer ecosystem. Highlights of the EigenLayer Airdrop … Read more