🪙 Crypto News (May 7, 2024):

1️⃣ Mode: On May 7th, Mode's second-tier decision will unveil its native coin, MODE, and initiate the airdrop claim process. Initially, developers will distribute 550 million #MODE tokens, constituting 5.5% of the total issuance of 10 billion tokens. 🚀

2️⃣ Bluesky: Jack Dorsey has resigned from the board of directors of Bluesky, a decentralized alternative to the X social network. Dorsey did not provide an explanation for his decision. 🔄

3️⃣ SEC: Investment firm Hightower Advisors has injected $68 million into the spot Bitcoin #ETF sector. This capital infusion has been divvied up among six crypto funds rooted in the primary cryptocurrency. 💼

4️⃣ LayerZero: On May 7, 2024, the #LayerZero omnichain protocol team announced a collaboration with Chaos Labs and Nansen to conduct analysis aimed at identifying sybils. 🛠️

5️⃣ JP (Exodus): The developer of the #Exodus cryptocurrency wallet has declared its listing on the New York Stock Exchange (NYSE American). Securities under the ticker EXOD will debut on the market on May 9, 2024. 💼

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