Headlines
▌ EigenLayer announces token airdrop plan
EigenLayer announced a token airdrop plan, of which 15% is allocated to stakers. The total supply of EigenLayer tokens at the time of release is 1.67 billion, and the foundation has allocated 45% of the tokens to its community. Among them, pledge airdrops (15%), community plans (15%) and ecosystem development (15%).
In addition, 29.5% of the tokens have been allocated to investors, while early contributors will receive 25.5%. The total lock-up period for allocations to investors and early contributors is three years. The first year involves a full lock-up, followed by a gradual release of 4% per month over the next two years.
▌ MicroStrategy purchased 122 BTC in April
MicroStrategy bought 122 BTC in April. Michael Saylor's MicroStrategy released updated data on its Bitcoin holdings on Monday along with its first quarter 2024 earnings report. The company currently holds a total of 214,400 Bitcoins, with a total value of $7.54 billion, or $35,180 per coin, the quarterly report noted. Since the end of the fourth quarter, the company has purchased 25,250 Bitcoins at a price of $65,232 per BTC, totaling $1.65 billion. Saylor noted in a social media post that the company purchased an additional 122 BTC in April, spending $7.8 million. As of March 31, MicroStrategy reported holding 214,278 BTC. The company may have purchased 32 BTC after March 19, when it disclosed holding 214,246 BTC.
Quotes
As of press time, according to Coingecko data:
The latest transaction price of BTC is $63,818.39, with a daily change of +1.1 % ;
ETH's latest transaction price is $3219.92, with a daily change of -1.5% ;
BNB's latest transaction price is $592.67, with a daily change of -1.3 % ;
ORDI's latest trading price is $42.36, with a daily change of +0.9 % ;
DOGE's latest trading price is $0.1435, with a daily change of -2.2 % ;
SOL's most recent trading price is $137.78, with a daily change of -0.1 % .
policy
Terraform Labs lawyers propose $1 million fine in SEC case
Terraform Labs' attorneys have filed a motion opposing the Securities and Exchange Commission's (SEC) request for Terraform Labs and its co-founder Do Kwon to pay $5.3 billion in penalties and civil penalties. In a filing on April 26 with the U.S. District Court for the Southern District of New York, Terraform's legal team recommended that the court impose a civil penalty of up to $1 million after a jury found the platform and Kwon liable for fraud.
▌ Samourai Wallet co-founder Keonne Rodriguez pleads not guilty to money laundering charges
Samourai Wallet co-founder Keonne Rodriguez pleaded not guilty to money laundering charges on Monday as the United States cracks down on privacy-related technologies. Rodriguez was released on $1 million bail and his next hearing is scheduled for May 14.
Blockchain Applications
▌ Eigenlayer will introduce inter-subject forks at the launch of the EIGEN token
Eigenlayer describes a high-level overview of its inter-subject fork protocol, version V1, in a whitepaper published on GitHub. Eigenlayer will introduce a new crypto-economic security system called inter-subject forks, which is intended to complement Ethereum re-hypothecation. There are two separate tokens in Eigenlayer, bEIGEN (powered by EIGEN) for staking, and EIGEN for non-staking purposes, such as DeFi. bEIGEN can be forked. Both bEIGEN and EIGEN are ERC20 contracts. Anyone can instantly exchange 1 bEIGEN for 1 EIGEN and vice versa. Only bEIGEN forks that currently support EIGEN will be considered for wrapping and unwrapping. Eigenlayer will build V2 on top of V1, and in V3, the ability to resist malicious behavior by the Security Council will be implemented. Before V1 is fully launched, there will be a whitelisting process for inter-subject AVS, and all whitelisted AVS are run by all EIGEN stakeholders.
▌ Casa Lianchuang attacked the Bitcoin test network and generated three years of blocks in one week
Jameson Lopp, co-founder and chief security officer of cryptocurrency self-custody platform Casa, said his malicious attack on the Bitcoin testnet resulted in the generation of more than 165,000 blocks (equivalent to 3 years of blocks) in the past week. When another user asked if the malicious attack was worth it, Lopp replied that it cost him $1 worth of electricity. The purpose of the malicious attack is to improve rather than weaken the Bitcoin test network.
Cryptocurrency
▌ FTX debtors reach $450 million settlement with bankrupt company Voyager Digital
With the approval of a bankruptcy judge, FTX's debtors have reached a $450 million settlement with bankrupt company Voyager Digital. In a document filed with the U.S. Bankruptcy Court of Delaware on April 29, Judge John Dorsey approved the terms of the agreement between FTX and Voyager, allowing Voyager to resolve all claims with FTX as part of a plan to compensate creditors. Upon approval, the two parties will agree to return $5 million held in escrow by Voyager and another $445 million related to a loan repayment lawsuit by Alameda Research to the company's debtors. FTX will also "give up" all rights to these funds.
▌ Moonbirds was acquired by Yuga Labs about two months later and returned to copyright protection
About two months after being acquired by Yuga Labs, Moonbirds announced a change, and now, when it comes to the commercialization of individual Moonbirds, the NFT collection will enforce the rights of the holder. Moonbirds said that from now on, Moonbirds will join Mythics as a collection with commercial rights. If users have made works in the CC0 era, it’s cool. But from now on, you need to own Moonbirds to continue to do it.
In 2022, Moonbirds adopted the Creative Commons CC0 copyright code, which means that the art becomes part of the public domain and can be freely commercialized without the owner's consent.
▌ Dune: There are currently no Dune airdrops or tokens planned
Dune said on the X platform that its account was attacked in the past 90 minutes. A fake post about Dune airdrop lasted for about 15 minutes. Dune reminded users that there is no Dune airdrop or token at present or planned, so beware of scams. The Dune team has now regained control of its account.
▌In the past 24 hours, the entire network has liquidated $142 million
According to Coinglass data, the total amount of liquidation in the past 24 hours was $142 million, including $92.383 million in long orders and $49.93 million in short orders. Among them, $37.9617 million was liquidated on BTC and $31.3846 million was liquidated on ETH.
▌Grayscale Spot Bitcoin ETF had a net outflow of $24 million yesterday
According to COINOTAG on social media, the Grayscale Spot Bitcoin ETF had a net outflow of US$24 million yesterday (April 29).
▌Betters on prediction platform Polymarket believe that CZ’s prison sentence will not exceed one year
On the Polymarket prediction platform, bettors believe that Binance's CZ will spend less than a year in prison, with data showing a 42% chance of less than six months, a 17% chance of 6-11 months, and a 19% chance of 12-17 months. In short, bettors believe there is about a 96% chance that he will be released from prison in less than two years, and a less than 2% chance that he will be sentenced to 30-35 months in prison, which is about the same as the FBI's requirements.
Important economic developments
▌The probability of the Federal Reserve keeping interest rates unchanged in May is 94.6%
According to CME's "Fed Watch", the probability of the Fed keeping interest rates unchanged in May is 94.6%, and the probability of a 25 basis point rate cut is 5.4%. The probability of the Fed keeping interest rates unchanged in June is 88.5%, the probability of a cumulative 25 basis point rate cut is 11.2%, and the probability of a cumulative 50 basis point rate cut is 0.3%.
▌The three major U.S. stock indexes all closed slightly higher
The three major U.S. stock indexes all closed slightly higher, with the Dow Jones Industrial Average up 0.39%, the Nasdaq up 0.35%, and the S&P 500 up 0.32%. Tesla surged more than 15%, the largest single-day gain since March 2020. Apple rose more than 2%, Nvidia and Amazon rose slightly; Google fell more than 3%, Meta fell more than 2%, Intel and Microsoft fell more than 1%, and Netflix fell slightly.
Golden Encyclopedia
What is an Ethereum Futures ETF?
Ethereum futures ETFs are investment funds that track Ethereum futures contracts rather than Ethereum itself. In 2021, Canada launched the first Ethereum futures ETFs. Although futures-based ETFs have been approved, the U.S. Securities and Exchange Commission (SEC) has not approved a spot Ethereum ETF in the country. Asset management companies regulate Ethereum futures ETFs. The main issuers offering Ethereum futures ETFs are Bitwise, VanEck, and ProShares. These companies handle the complexities involved in purchasing and disposing of futures contracts, controlling rollovers to preserve exposure, and ensuring that the ETFs comply with legal requirements.
Disclaimer: As a blockchain information platform, Jinse Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish a correct investment philosophy and be sure to raise your risk awareness.
