Tech
Airdrop season continues as Blast’s token generation event is set to occur on June 26, about a week after interoperability protocol LayerZero and rival blockchain network ZKsync opened up claims to their airdrop
Regulation
From her past remarks Christy Goldsmith Romero, who is currently a CFTC commissioner, may take a hard line against crypto.
Jump Crypto is reportedly in the crosshairs of prosecutors at the CFTC, who are investigating the firm’s trading and investing in the digital asset industry.
Bitcoin
The German government has started selling over $195 million worth of the bitcoin it seized from the operators of movie2k.co in January.
NFTs
CryptoPunks and Bored Ape Yacht Club are reaching multi-year lows in floor price amidst a broader NFT downturn. However, Milady Maker and Pudgy Penguins are exceptions to the ongoing trend.
DeFi
Some users who received an airdrop allocation also suffered from increased gas fees and long waiting times to claim.
The decision to impose payments for token claims is a tax as well as an overly paternalistic approach.
“This is not white-hat hacking, it is extortion!” said Kraken’s chief security officer after revealing that a team of security researchers, who disclosed a bug, stole nearly $3 million from the exchange’s treasuries.
Solana
In addition to reducing the total supply, the proposal also aims to cut the team’s assigned token allocation and introduce a “corresponding 30% reduction in Jupuary emissions.”
As more projects fall victim to “mercenary airdrop farming,” could the crypto industry’s obsession with airdrops finally be coming to an end?
