EigenLayer announces token airdrop plan; MicroStrategy purchased 122 BTC in April

Headline

▌EigenLayer announces token airdrop plan

EigenLayer announces token airdrop plan, 15% of which 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 programs (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 investors and early contributors is three years. The first year involves full lock-up, followed by a gradual release at a rate of 4% per month over the next two years.

▌MicroStrategy purchased 122 BTC in April

MicroStrategy purchased 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.

Market

As of press time, according to Coingecko data:

BTC's latest transaction price is $63818.39, with a daily increase or decrease of +1.1%;

ETH's latest transaction price is $3219.92, with a daily increase or decrease of -1.5%;

BNB's latest transaction price is $592.67, with a daily increase or decrease of -1.3%;

ORDI's latest transaction price is $42.36, with a daily increase or decrease of +0.9%；

DOGE's latest transaction price is $0.1435, with a daily change of -2.2%；

SOL's latest transaction price is $137.78, with a daily change of -0.1%。

Policy

▌Terraform Labs lawyer proposes $1 million fine in SEC case

The U.S. Securities and Exchange Commission (SEC) requires Terraform Labs and its co-founder Do Kwon to pay $5.3 billion in fines and civil penalties, and Terraform Labs' attorney has filed an opposing motion. In a filing with the U.S. District Court for the Southern District of New York on April 26, 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 to Introduce Inter-Blockchain Forks at EIGEN Token Launch

Eigenlayer describes a high-level overview of its Inter-Blockchain Fork Protocol V1 in a white paper published on GitHub. Eigenlayer will introduce a new crypto-economic security system called inter-subject forks, which is designed to complement Ethereum re-collateralization. There are two separate tokens in Eigenlayer, bEIGEN (powered by EIGEN) is used for staking, and EIGEN is used 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 the cryptocurrency self-custody platform Casa, said that his malicious attack on the Bitcoin test network resulted in the generation of more than 165,000 blocks (equivalent to 3 years of blocks) in the past week. When another user asked whether 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 reached a $450 million settlement with bankrupt company Voyager Digital

After approval by the bankruptcy judge, FTX's debtors reached a $450 million settlement with bankrupt company Voyager Digital. In a filing with the U.S. Bankruptcy Court for the District of Delaware on April 29, Judge John Dorsey approved the terms of an agreement between FTX and Voyager, allowing Voyager to settle 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 from Alameda Research involved in a loan repayment lawsuit to the company's debtors. FTX will also "give up" all rights to the funds.

▌Moonbirds switches back to copyright protection about two months after being acquired by Yuga Labs

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, that's cool. But from now on, you need to own Moonbirds to continue doing it.  

In 2022, Moonbirds adopted the Creative Commons CC0 copyright code, which means that art becomes part of the public domain and can be freely commercialized without the owner's consent.

▌Dune: No Dune airdrops or tokens are currently or planned

Dune said on the X platform that its account was attacked in the past approximately 90 minutes. A fake post about a Dune airdrop lasted for about 15 minutes. Dune reminds users that there are no Dune airdrops or tokens currently or planned, and beware of scams. The Dune team has now regained control of its account.

▌$142 million was liquidated across the entire network in the past 24 hours

According to coinglass data, $142 million was liquidated across the entire network in the past 24 hours, with long orders liquidated at $92.383 million and short orders liquidated at $49.93 million. Among them, BTC liquidated at $37.9617 million and ETH liquidated at $31.3846 million.

▌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 $24 million yesterday (April 29).

▌Bettors on prediction platform Polymarket believe CZ’s sentence will not exceed one year

On the Polymarket prediction platform, bettors believe Binance’s CZ will spend less than a year in prison. Data shows that the probability of less than 6 months is 42%, the probability of 6-11 months is 17%, and the probability of 12-17 months is 19%. In short, bettors believe that there is about a 96% chance of being released from prison in less than two years, and there is less than a 2% chance of being sentenced to 30-35 months in prison, which is similar to the requirements of the FBI.

Important Economic Dynamics

▌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 Federal Reserve keeping interest rates unchanged in May is 94.6%, and the probability of a 25 basis point rate cut is 5.4%. The probability that the Federal Reserve will keep interest rates unchanged by June is 88.5%, the probability of a cumulative interest rate cut of 25 basis points is 11.2%, and the probability of a cumulative interest rate cut of 50 basis points 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 by more than 15%, the largest single-day gain since March 2020. Apple rose by more than 2%, Nvidia and Amazon rose slightly; Google fell by more than 3%, Meta fell by more than 2%, Intel and Microsoft fell by more than 1%, and Netflix fell slightly.

Golden Encyclopedia

▌What isEthereum 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 yet 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 complex issues involved in purchasing and disposing of futures contracts, controlling rollovers to retain risk exposure, and ensuring that ETFs comply with legal requirements.

Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish correct investment concepts and be sure to increase risk awareness.