TRENDING CRYPTO NEWS 🔥
- Optimism will move its initial OP token allocation to Base on August 30, as part of a planned transaction. This follows Optimism's partnership with Base, where a portion of Base's trading revenue supports the Optimism Collective. Base stands to earn up to 118 million OP tokens over six years.
- LambdaClass, a crypto studio, is set to launch the Ethereum consensus client Lambda Consensus. The client will include features such as blockchain state tracking and the role of consensus in blockchain operations. The project is currently open-source on GitHub.
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- The decentralized social media app friend.tech has received criticism for penalizing users who explore forks or copycat versions of its tokenized social media platform.
- In a tweet on August 28, the official friend.tech account announced that users who switch to forks or copies would lose the ability to earn and retain Points.
- The tweet didn't specify any particular competitors, but users pointed to a new DeSo application called Shares, set to launch on August 31.
- friend.tech had been distributing "reward points" to its beta testers weekly, totaling 100 million points over six months. The purpose of these points remains unclear, leading to speculation that they might relate to governance tokens or have financial implications.
- Singer JJ Lin has updated his Twitter profile picture to feature a Stellar NFT. This move highlights the growing popularity and adoption of non-fungible tokens (NFTs) in various industries, including entertainment.
- Data from Dune reveals that since August 1, Curve founder Michael Egorov has sold a total of 158.65 million CRV tokens to 53 investors and institutions through OTC sales, raising $63.46 million in funds.
- Lido, a decentralized finance platform, has reportedly paid out more than 400,000 ETH in staking rewards, equivalent to over $6.6 billion. Additionally, the total amount of ETH staked on the Lido platform is currently around 8.457 million.
