EigenLayer is handing out an extra 100 to 110 EIGEN to 280,000 qualifying wallet addresses after criticism over its first airdrop. Source: https://cointelegraph.com/news/eigenlayer-airdrop-additional-eigen-token-days-after-backlash
Month: May 2024
Blackrock Reinforces Tokenization Drive Leading $47 Million Funding Round in Digitization Company Securitize
Blackrock, the largest asset management company in the world, has led a strategic funding round of $47 million in Securitize, a capital markets digitalization company. The round, which had the participation of other financial markets and crypto native companies, shows Blackrock is betting on the transformative capabilities of tokenization for global capital markets. Blackrock Leads […] Source: https://news.bitcoin.com/blackrock-reinforces-tokenization-drive-leading-47-million-funding-round-in-digitization-company-securitize/
Bitcoin bottom in, now headed for a ‘slow grind higher’ — Arthur Hayes
This week’s 12% Bitcoin retreat was a “well-needed market cleansing,” said the former BitMEX boss. Source: https://cointelegraph.com/news/bitcoin-bottom-in-headed-slow-grind-higher-bitmex-arthur-hayes
Memecoins’ mass appeal makes it valuable to DEXs: Kain Warwick
Memes might be the “most simplistic connection” between financialization, tokenization and culture, says Kain Warwick. Source: https://cointelegraph.com/news/memecoins-mass-appeal-valuable-decentralized-exchanges
BTC price chart seen mirroring US spot Bitcoin ETF launch pattern
Bitcoin’s price chart looks similar to when spot Bitcoin ETFs were launched in the United States — suggesting a breakout soon, though there are some differences this time around. Source: https://cointelegraph.com/news/bitcoin-price-chart-pattern-us-etf-hong-kong-traders
Former FTX exec Ryan Salame to give up $5.9M Bahamas property
Salame proposes to satisfy the debtors by transferring a residence he owns to FTX Digital Markets Ltd. Source: https://cointelegraph.com/news/former-ftx-ceo-ryan-salame-gives-up-bahamas-luxury-condo
US senators, FBI aren’t opposed to crypto privacy: Railgun contributor
Ethereum privacy protocol Railgun contributor Alan Scott Jr. says U.S. regulators and government agencies don’t get enough credit for genuinely “trying to understand” crypto. Source: https://cointelegraph.com/news/us-politicians-arent-opposed-crypto-defi-privacy-railgun-ethereum
Tether Q1 2024 Attestation Reveals Record $4.52 Billion Profits
Tether, one of the largest cryptocurrency companies, has recently released an attestation of its financial activity corresponding to Q1 2024. Tether registered a record-breaking $4.52 billion in profits, and disclosed its net equity levels, reporting $11.37 billion as of March 31, 2024. Tether issued over $12.5 billion USDT during this period. Tether Attestation Registers Record-Breaking […] Source: https://news.bitcoin.com/tether-q1-2024-attestation-reveals-record-4-52-billion-profits/
Jack Dorsey’s Block to use 10% of Bitcoin profit to buy BTC every month
Block, Inc. co-founder Jack Dorsey told shareholders its Bitcoin-buying plan during an earnings call, saying its an “investment in a future where economic empowerment is the norm.” Source: https://cointelegraph.com/news/jack-dorsey-block-invest-bitcoin-every-month-earnings-call
Standard Chartered Warns Bitcoin Price Could Fall to $50K
Standard Chartered Bank has warned that bitcoin’s price could potentially decline to $50,000. The head of digital asset research at the bank attributed this forecast to a mix of crypto-specific factors and broader macroeconomic influences. Additionally, he warned about the risk of liquidation for some spot exchange-traded fund (ETF) positions, emphasizing that over half of […] Source: https://news.bitcoin.com/standard-chartered-warns-bitcoin-price-could-fall-to-50k/