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.
Tech
“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?
Ethereum
The second phase of EigenLayer’s EIGEN token airdrop is now live, expanding the protocol’s total token distribution to 113 million.
Bitcoin
The average holder has an unrealized profit of around 120%, but “investor boredom” is still dominant across the market, say analysts at Glassnode.
Regulation
An Ethereum whale acquired over $19 million ETH after Consensys said that the SEC was closing its investigation into Ethereum 2.0.
Even though its price has slumped over the past year, ARB’s market cap has grown over 75% to $2.23 billion, as a result of heavy token unlocks. Over the next three years, the remaining 36% of Arbitrum’s total supply will be unlocked.
After the first combined ETF was filed today, what will other issuers do regarding the allocation to BTC and ETH?