Weekly Summary: Airdrop Craze and Bitcoin Recovery Debut of the Rocky Airdrop Two of the largest, if not the largest, airdrops, EigenLayer and Friend.tech, made their debut this week. EigenLayer’s token launch details release on Monday left many users disappointed, citing concerns over geo-blocking, governance, equity distribution, and the non-transferrable nature of tokens. However, EigenLayer … Read more
It has been revealed by MakerDAO that two additional token will be released. The two tokens, NewStable and NewGovToken, were introduced in March. The goal of these two tokens is to encourage users to take part in governance-related activities on a larger scale. MakerDAO together with the release of new tokens A global financial … Read more
For the first time ever, Grayscale Investments has seen net positive inflows for the Grayscale Bitcoin Trust (GBTC). Following its conversion to a Bitcoin exchange-traded fund (ETF) in January, there have been outflows for almost four months running. According to Farside preliminary data, since the 11 spot Bitcoin ETFs started on January 11, Grayscale’s GBTC … Read more
Pi Network is making progress toward substantial growth. It has declared that it will be launching the Pi credit card in strategic partnership with YESBANK and AnqFinance. This partnership represents a significant turning point for the bitcoin sector as well as the Pi Network. The launch of the Pi credit card is in line with … Read more
The plans for this year’s Crypto Fest conference, a three-day event that will take place in Cape Town in October, have been released by Bitcoin Events, Africa’s top cryptocurrency event organizer. Crypto Fest 2024: An Exciting Crypto-Fest At the 6th edition of Crypto Fest, be ready to dive headfirst into the exciting world of cryptocurrencies. … Read more
The current dip in Bitcoin BTC bears some parallels to the cryptocurrency’s behavior following the debut of the US ETF in January. A trader has indicated that this could indicate an upsurge in the “next week or so.” Exchange-traded funds (ETFs) for spot bitcoin were introduced in Hong Kong on April 30 and have since … Read more
The memecoin BONKKILLER, which was founded in Solana, has amassed an astounding $327 trillion in market valuation. When this memecoin was introduced on April 29, it garnered notice since its value exceeded the GDP of all of the countries combined. The Meme Coin Cannot Be Sold by BONKKILLER Holders The coin experienced about $4.24 million … Read more
Dapper Duck (DAPDUCK), like Dogecoin (DOGE) and Shiba Inu (SHIB), has the potential to become a popular memecoin. Today’s launch of Dapper Duck (DAPDUCK), a Solana memecoin, is meant to take on major memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB). Dapper Duck offers a comparable potential to the enormous gains that early investors in … Read more
Hong Kong issuers of exchange-traded funds are unconcerned about the US crackdown on cryptocurrencies leading regulators to label Ether ETH as a security. Zhu Haokang, the head of digital asset management firm China Asset Management, and Wayne Huang, the head of custody firm OSL Digital Securities, addressed questions about the new institutional investment products at … Read more
On October 26, 2023, the dYdX Chain and its native Layer 1 token, DYDX, were made available. The migration of 75.2% of the total volume of the original ethDYDX coins to the dYdX Chain indicates a quick transition to the new ecosystem, even though the tokens themselves are still in use. Specifically, on August 3, … Read more