Crypto Recap
May 14, 2024
Bitcoin has officially processed over 1 billion transactions.
ETF Bitcoin Flow:
ETH:
SEC Postpones Invesco Galaxy Spot Ethereum ETF Decision
In the last WEEKLY CRYPTO RECAP, we thought the FUD around Eigen Layer was settled, but their recent actions reignited it.
Binance & DWF Labs
Binance’s investigative team alleges it discovered that market maker DWF Labs was involved in market manipulation.
DWF Labs called the accusations unfounded and that it distorted facts.
Binance, in a commentary on the article, stated that it strictly adheres to market supervision and prevents abuse. According to statistics, over three years, the exchange disconnected about 355,000 users with a transaction volume of more than $2.5 trillion for violating the terms of use.
Multiple Airdrops Distribution:
ZeroLand:
ZeroLend is a user-friendly and frictionless lending experience to onboard the masses to Defi. Built on L2s.
On April 11, they tweeted about a token launch and community airdrop. Here are the details:
Active users received approximately $30-$50
Mode:
Mode is the Ethereum L2 that rewards you for growing the network via new economic mechanisms. Built on and supported by Optimism.
The Season 2 points mechanisms have been built to reward users that contribute to network growth.
Free Airdrop Guide from our Friend
Our good friend 0x_Doomer has agreed to share his threads with us. You can access these airdrops at no cost.
1. OG
0G is a transformative blockchain infrastructure project aimed at facilitating high-performance applications such as on-chain AI, gaming, and decentralized finance (DeFi) through an advanced data availability and decentralized storage system.
2. RIO
Rio operates as a blockchain network that focuses on producing Liquid Restaking Tokens, initially launching with restaked ETH. Its goal is to develop the restaking ecosystem by reducing risks and increasing accessibility to restaking rewards.
3. MOVE
Movement Labs is developing a modular framework for building and deploying infrastructure, applications, and blockchains using the Move programming language.
4. SIDE
Side Protocol is the extension layer of Bitcoin. At its core lies a settlement layer optimized to unlock programmability and scalability for the Bitcoin-centric rollup ecosystem.
Conclusion:
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