I like how @mcuban is supporting @JohnEDeaton1 and also speaking up on the ridiculousness of that capital gains tax proposal. @GaryGensler has a better shot of hosting the next Bitcoin conference than that bill has to pass. 

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Today's Bitcoin Price: $62697 - 64637
Ethereum $3020 - 3178
hot topic
-Mode is open for airdrops today, how much is it worth?
-SEC takes action against crypto industry again, issues Wells notice to Robinhood
-Alpha Information 05/07
For more information, please see Followin hot spot vane: https://followin.io/zh-Hans/dailyTrending
Hot Topics Today
Mode Network TVL exceeds $600 million...

Followin Daily (May 7)

“Points” are unsustainable.

The EIGEN airdrop sparked a discussion about the rift between private and public markets. The model of points-based, large private financings, high FDV airdrops is causing structural problems for the crypto industry.

Points schemes that turn into multi-billion dollar, low circulation tokens are not a stable equilibrium, but we still find ourselves surrounded by a series of factors: excess venture capital, lack of new entrants, and overbearing regulators.

The narrative around token launches is always changing, and here are the main eras we see:

•2013: PoW fork and fair launch...

Bankless: Four dilemmas of this round of crypto cycle

The valuation logic of Layer2 is relatively clear. After TVL weighting, where will the price range of MODE fall?