Crypto Market Daily Review ☀️

The market is growing. Market cap is $2.35T. Bitcoin is trading at $62.8K

dropstab | icodrops | twitter | telegram

Binance CEO Richard Teng claims Nigerian officials sought $150m from Binance to settle its dispute with the state.

https://www.dlnews.com/articles/people-culture/nigeria-denies-binance-ceo-richard-teng-bribery-claim/

Azuro is joining forces with Chiliz, the blockchain in sports and entertainment, to promote the growth of onchain sport prediction markets.

https://x.com/azuroprotocol/status/1788576050990960834

EIGEN staking is now live on Renzo.

https://twitter.com/RenzoProtocol/status/1788980841344819480

Neel Somani, the founder and CEO of Ethereum scaling company Eclipse, said that he would be stepping back from his role as a "public face" for the company in response to a recent slate of sexual misconduct allegations.

https://www.coindesk.com/business/2024/05/09/sexual-misconduct-allegations-lead-founder-of-ethereum-layer-2-chain-eclipse-to-step-back/

ARK Invest and 21 Shares cut staking component from latest spot Ethereum ETF filing.

https://www.theblock.co/post/293891/ark-invest-and-21-shares-cut-staking-component-from-latest-spot-ethereum-etf-filing

Jupiter has announced the next round of LFG.

The vote will be on 22nd May.

https://x.com/jupiterexchange/status/1788995317272395884

Billionaire Mark Cuban says SEC Chair Gary Gensler has not protected a single investor against crypto fraud.

"All he has done is make it nearly impossible for legitimate crypto companies to operate."

https://x.com/watcherguru/status/1789048911182680231

Layer3 has introduced L3.

Initial Distribution Details:
Identifier: L3
When: Early summer
Total Supply: 300,000,000
Community Allocation: 51% of total supply

Detailed tokenomics will be released by the Layer3 Foundation in June 2024.

The initial airdrop will distribute 5% of the total $L3 supply to early adopters and CUBE minters.

https://x.com/layer3xyz/status/1788932313163932134

Linea: „Thanks to the community, we detected Sybil activity which managed to bypass issuers and attain attestations as though they are individual people. We strive to make our Voyage human-centric, so this caused us to pause distributing LXP. We're working with PoH issuers and Verax proactively to revoke attestations for addresses that are Sybils.”

https://twitter.com/LineaBuild/status/1789318471680958952

The Securities and Exchange Commission will probably deny applications for Ethereum spot exchange-traded funds on May 23.

The lack of meaningful interaction with prospective issuers, coupled with Ethereum’s ambiguous regulatory status, have made analysts pessimistic about the chances.

Not to mention the SEC’s recent investigation into the Ethereum Foundation.

That means spot Ethereum ETFs probably won’t see the light until the end of 2025, Bloomberg Intelligence ETF analyst Eric Balchunas told DL News.

https://www.dlnews.com/articles/markets/us-election-may-decide-fate-of-ethereum-spot-etfs/

Bitcoin Magazine CEO: “For the past month we have been working with the Trump campaign to develop their bitcoin and crypto policy agenda. We proposed a comprehensive executive order for President Trump to sign on day 1. I will be sharing those details soon. This week Trump took the first step, but there is much work to do. We intend to raise a $100m war chest for the campaign to insure the next President of the United States is pro Bitcoin. If you can help, please reach out.”

https://twitter.com/DavidFBailey/status/1789141605544538467

Bitcoin's onchain activity has dipped to its lowest level since 2019.

https://twitter.com/santimentfeed/status/1789383542021169208

Crypto Market Daily Review ☀️

The market is neutral. Market cap is $2.26T. Bitcoin is trading at $61.1K

dropstab | icodrops | twitter | telegram

Ripple CEO Brad Garlinghouse has warned that the US government is targeting Tether.

https://beincrypto.com/ripple-ceo-government-target-tether/

Carv has postponed the node sale.

Whitelist Node Sale Launch: May 24, at 12:00 UTC
Public Node Sale Launch: May 28, at 12:00 UTC

https://medium.com/carv-official/carv-nodes-up-to-100-buyback-program-chaperone-the-node-launch-fostering-a-decentralized-9fa0353e475f

BounceBit (BB) trading has started on Binance.

BounceBit (BB) is the first project on Binance Megadrop.

BB is now trading at $0.46.
FDV: $978.6M
Max Token Supply: 2,100,000,000 BB
Initial Circulating Supply: 409,500,000 BB (19.5% of max token supply)

Website: https://bouncebit.io/
Twitter: https://twitter.com/bounce_bit

https://www.binance.com/en/trade/BB_USDT