EigenLayer Boosts Minimum Airdrop Allocation
EigenLayer boosts airdrop eligibility, FriendTech Token tumbles after hype, Pantera optimistic on TON, authorities seize millions in ZKasino fraud.
Welcome to the final edition of Datawallet Daily for the week. As always, we’ve curated the must-know crypto stories from the last 24 hours just for you:
- EigenLayer Boosts Minimum Airdrop Allocation
- FriendTech Token Tumbles Over 90% After Airdrop
- Pantera Backs TON, Bullish on Telegram’s Crypto Future
- Authorities Arrest Suspect in ZKasino Scam, Seize $12.2M
EigenLayer Boosts Minimum Airdrop Allocation
EigenLayer, an Ethereum restaking protocol, has increased its minimum EIGEN token airdrop allocation by 100 EIGEN tokens for over 280,000 users, in response to community feedback about high gas costs. All users who interacted with the protocol before April 29 are eligible for this increase.
The announcement aligns with EigenLayer’s aim to enhance accessibility and fairness for all participants, irrespective of their investment size. The initiative coincides with plans for a mainnet launch by September 30. Additionally, a correction will be made for testnet users previously overlooked in token allocation.
Updates on the EIGEN Stakedrop pic.twitter.com/1cwSForJnx
— Eigen Foundation (@eigenfoundation) May 2, 2024
FriendTech Token Tumbles Over 90% After Aordrop
The price of FriendTech’s token plummeted by over 90% post-launch following issues with claim processes, despite the excitement surrounding the airdrop for the web3 social media platform’s Version 2 launch. Initially trading above $10, the Friend token quickly dropped to $1 and briefly spiked to $169. This volatility coincided with several users struggling to claim their airdropped tokens, which greatly frustrated investors.
Additional concerns arose about the token’s liquidity, with initial suspicions of inadequate liquidity provisions on FriendTech’s part. However, current liquidity reports show an improvement to over $4 million. Amidst these challenges, the platform continues to evolve, having just introduced ‘Clubs’—community spaces facilitated through transactions in Friend tokens.
FriendTech's token price plunges over 90% after launch https://t.co/ENuiOBbT7H
— The Block (@TheBlock__) May 3, 2024
Pantera Backs TON, Bullish on Telegram’s Crypto Future
Pantera Capital has recently invested an undisclosed sum in The Open Network (TON), linked to the Telegram messaging service, which boasts 900 million monthly users. This investment, as outlined by Pantera, taps into the potential for TON to become a leading crypto network.
Highlighting TON’s architectural merits for scalability and performance, Pantera also emphasized its integration capabilities which allow for trading and monetization through Telegram’s platform. The collaboration had faced regulatory challenges in the past but has now been successfully relaunched, positioning Telegram uniquely in the Web3 space relative to competitors like Messenger and WeChat.
We are thrilled to announce our investment in TON - a layer 1 network designed by Telegram, for Telegram.
— ryan.wallet (@Ryan__Barney) May 2, 2024
We believe TON, which can leverage a network of 900 million monthly active users, can truly introduce crypto to the masses.https://t.co/AzGxL5lpXc
Authorities Arrest Suspect in ZKasino Scam, Seize $12.2M
Dutch authorities have arrested a 26-year-old man linked to a fraud case involving the ZKasino online gambling platform, seizing $12.2 million in digital assets, real estate, and luxury cars. This arrest marks a significant development in the ongoing investigation into the ZKasino scam, where investors reportedly lost at least $33 million.
Initially, ZKasino attracted investments with the promise of returns within 30 days, but suspicions arose after changes in website statements and dubious on-chain transactions. The platform’s claims of securing significant investments from notable firms were also debunked, adding to the allegations of fraudulence.
[COINTELEGRAPH] ZKasino scam suspect arrested, $12.2M seized by Dutch authorities https://t.co/SVjE901v5V
— PhoenixNews.io (@PhoenixNews_io) May 3, 2024
Other breaking news
- Coinbase Reports $1.2B Net Income in Q1, Exceeding 2023’s Total Earnings
- Terraform Argues SEC Lacks Evidence for $4.7B Disgorgement Claim
- Trader Falls Victim to $68M Address Poisoning Scam
- Hong Kong ETFs See Drop in Bitcoin Inflows on Second Trading Day
- Crypto Exchanges to Discuss Regulations with Nigerian SEC Chief
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