DWF labs bought 25M GALA on open market after the gala hack

https://x.com/DWFLabs/status/1792926708821086509

As per THE FIDELITY ETHEREUM FUND SAYS THE TRUST’S ETHER WILL NOT BE STAKED......

if they can't stake where they will go?

ETH beta trades > like ARB, LDO, OP, and METIS. If asset managers aren’t permitted to stake their own ETH (LDO, ARB in top performers today already)

alternative staking providers will benefit massively from this.

GALA team gets hacked $20M USD back from the hacker and "will probably use the fund for buy and burn"

FYI

Justin Sun currently holds 665,000 ETH ($2.447B), of which 390,000 ($1.435B) were bought at an average price of $2,984 between the end of 2023 and the end of April this year. (which I reported a couple of times)

Out of those 665,000 ETH, 417,000 are on staking and re-restaking platforms:

215,217 ETH → EigenLayer;
120,139 ETH → Swell; (holds 50% of staking tvl)
58,558 ETH → Puffer;
23,225 ETH → Lido;
454 ETH → etherfi.

Yesterday Vitalik Buterin backed ENS, the price jumped 25% to $22. Former ENS Operations Director Brantly Millegan unlocked 92,535 ENS ($1.99M) and transferred them to Coinbase. Since May 2022, he's moved 753,737 ENS ($15.06M) at an average of $20 each. Bullish Announcements leading to bullish unlocks

BINANCE GETS FLORIDA EMERGENCY LICENSE SUSPENSION OVERTURNED

BLACKROCK FILES AMENDED 19B-4 FORM FOR PROSPECTIVE SPOT ETHEREUM ETF, WILL EXCLUDE STAKING: NASDAQ FILING

Big volatility day today, with the SEC ruling on the $ETH ETFs at 9 am EST.

There is a 90% chance the ETF will get approved, but the market will still be waiting for the final word.

Sell the news or buy the rally? Find out today.

Bitcoin ETF's announcement: first 2 weeks volatility/returns and volume.

$ETH ETF approved, it was in this chat; Detailed breakdown here: https://x.com/JSeyff/status/1793768108018266344

$ETC halving in 7days, your next trade: https://www.nicehash.com/countdown/etc-halving-2024-05-31-12-00

AI word count in recent earnings calls & it's not correlated with crypto. Recently, all AI companies' earnings had zero impact on crypto tokens, and infect Crypto AI index is down 6%, VS NVidia 30%.

This Week:

Sei ($SEI): V2 to go live on May 27. > high-performance parallelized EVM.
$ETC halving in 3days
Stargate Finance ($STG): Stargate v.2.0 Launch on May 28, 2024.
Carbon Browser ($CSIX): Token Burn on May 30, 2024.
Uniswap ($UNI): Vote to enable fee-sharing mechanism starts on May 31, 2024.
Origin Protocol ($OGN): dApp Launch in May 2024. (expected)
STEPN ($GMT): STEPN GO Launch in May 2024 (expected)
Liquity ($LQTY): Whitepaper v2 in May 2024. (expected)
Merchant Moe ($MOE): Main DEX on Mantle will activate fee sharing for MOE stakers this week.
Ethena ($ENA): expected to launch 4 new DeFi integrations and announcing new CEX integrations for USDe this week.

Token Unlocks:
AGIX: $8.13m ~ 0.68% of circ supply
PRIME: $32.54m ~ 4.23% of circ supply
OP: $80.55m ~ 2.88% of circ supply
YGG: $16.60m ~ 4.49% of circ supply
1INCH: $41.11m ~ 8.52% of circ supply
DYDX: $67.00m ~ 11.91% of circ supply
SUI: $72.64m ~ 3.00% of circ supply
ZETA: $9.20m ~ 2.37% of circ supply
ENA: $49.25m ~ 3.62% of circ supply

Macro Events:
Q1 2024 GDP data - Thursday
April PCE Inflation data - Friday
Total of 10 Fed speaker events this week

ETH is following the same BTC ETF move pattern: initial news sell-off and then new price discovery. Data-driven thoughts: what comes after ETH outperformance? Alts run.

BITCOIN EXCHANGE TRADED PRODUCTS (ETPS) TO START TRADING ON LONDON STOCK EXCHANGE TODAY

Imp someone, group, or solo entity impersonated Aggr Trade (a free order book platform - aggr.trade). They recently sponsored a lot of Twitter influencers to shill a particular link to a fake Chrome extension. It's still ongoing. When we checked the Chrome extension, we found some suspicious stuff and alerted the real devs of Aggr Trade. Now they are making it clear everywhere that the shilled extension is fake. We have been working on this for two weeks, which is why there have been less research posts lately. Regarding the guy who was leading the scam campaign, we already found some of his main HTX and BTC wallets and provided them to the related authorities and exchanges, and they are actively moving forward with it! I launched a move against them by acting to take part in shilling. If you have seen posts of Aggr Trade recently - those were part of that effort to get info so they can work with us. [Note: none of the posts include an extension link.] There is only one real extension, which is on their GitHub, verified and safe.

Be careful who contacts you. Hackers/scammers are now impersonating real, legit projects and funding influencers to get their stuff done, especially people who are doing free research/content. Watch out for what you are installing. It's always a mistake on both sides if you don't do your own research (DYOR). You can't let any kind of hack happen. Use proper tools and check the sources.

4 The Fud..

https://x.com/MagicalTux/status/1795384525503222021

Former Mt. Gox CEO: MtGox will not sell Bitcoin immediately