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CoinDesk Analysis: At least 10 U.S. employees of Eigen Labs bypassed geographic restrictions to receive airdrops Foresight News, according to CoinDesk's analysis, wallets associated with at least 10 US employees (engineers, directors, executives, chief counsel) of Eigen Labs received airdrops worth hundreds of thousands of dollars from Ren and Ether.Fi. Although many cryptocurrency projects exclude US residents from token airdrops for legal reasons, Ren and Ether.Fi had previously stated that they would not distribute airdrops to US residents. $BTC $ETH $BNB
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SunDog: Increases airdrop size for “TRX holders” to $2 million ChainCatcher news, the official of the Tron network meme coin project SunDog posted on social media that the airdrop scale for "TRX holders" will be doubled to $2 million, and it is expected that the qualified recipients will reach 500,000, which will be snapshot at 6 PM Beijing time on August 22. $BTC $ETH $BNB
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U.S. Bureau of Labor Statistics: U.S. non-farm payrolls for March 2024 revised down by 818,000 According to the preliminary estimates of the annual benchmark revision published by the U.S. Bureau of Labor Statistics, the total non-farm employment in the United States in March 2024 was revised downward by 818,000 people, a downward revision of 0.5%. $BTC $ETH $BNB
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Analysis: ZKsync Era’s daily revenue plummeted after the airdrop, highlighting the plight of the Layer2 market PANews reported on August 21 that according to The Block, ZKsync Era was once a popular Layer 2 scaling solution, but its revenue has plummeted sharply. Last Sunday, its revenue plunged to only $6,800, in stark contrast to the peak of $746,000 before the airdrop. This significant decline coincides with the token airdrop of the project on June 24, when 3.675 billion ZK tokens (17.5% of the total supply) were provided to eligible wallets. Despite high expectations, this airdrop has led to a massive exodus of network users and liquidity, with daily transaction volume dropping from a peak of 1.8 million to only 200,000. The struggles of ZKsync Era reflect a broader trend in the crypto market, particularly in Layer2 solutions and recent token releases. The value of ZK tokens has plummeted 64.06% so far this year, similar to the performance of other recent airdrops, such as LayerZero's ZRO token, which has declined 19.21% over the same period. The GML2 index, which tracks Layer2 tokens, has fallen 66% from its March high, indicating that the entire industry is facing challenges. This pattern of post-airdrop decline has raised questions about the effectiveness of token distribution strategies in the current market environment. While airdrops aim to reward early adopters and drive network effects, they seem to be increasingly triggering short-term speculation, followed by rapid sell-offs. $BTC $ETH $BNB
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SunDog will increase the airdrop size for "TRX holders" to $2 million, with a snapshot at 18:00 tomorrow Odaily reported that the SunDog, a meme coin project on the Tron network, announced on social media that the airdrop size for "TRX holders" will be doubled to $2 million. It is expected that the eligible recipients will reach 500,000, and the snapshot will be taken at 6 PM Beijing time on August 22. $BTC $ETH $BNB
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