Today's news tips:
1. Hayden Adams, founder of Uniswap, talks about token distribution: I would rather share money than points.
2. SUI’s on-chain transaction volume exceeded 41 million, briefly surpassing Solana
3. Bitfinex CTO stressed that passwords or 2FA secrets will not be stored in plain text
4. Friend.tech: 60,000 independent addresses joined nearly 90,000 clubs within 48 hours
5. BounceBit mainnet will be launched on May 13, and points airdrop will be carried out simultaneously
6. FRIEND briefly reached 2.8 USDT, with a 24-hour increase of 79.62%
7. Sui officially responded to the doubts, the founder does not control any tokens
8. Coinbase and its CEO face new lawsuit for allegedly defrauding investors
Regulatory news:
Bitfinex CTO stresses that no passwords or 2FA secrets are stored in plain text
PANews reported on May 5 that Bitfinex Chief Technology Officer Paolo Ardoino recently stated that the exchange will never store users' passwords or two-factor authentication (2FA) confidential information in plain text.
Previously, the hacker group FSOCIETY claimed that they had hacked into the database of cryptocurrency exchange Bitfinex and leaked 22,500 customer emails and passwords.
Coinbase and CEO face new lawsuit for allegedly defrauding investors
According to Cointelegraph, Coinbase, the largest cryptocurrency trading platform in the United States, and its CEO Brian Armstrong are facing a new class action lawsuit. The lawsuit was filed by the law firm Scott + Scott in the Northern District of California on behalf of plaintiffs Gerardo Aceves, Thomas Fan, Edwin Martinez, Tiffany Smoot, Edouard Cordi and Brett Maggard (from California and Florida, respectively), accusing Coinbase of knowingly violating state securities laws in its digital asset sales since its inception. The assets mentioned in the lawsuit include Solana (SOL), Polygon (MATIC), Near Protocol (NEAR), Decentraland (MANA), Algorand (ALGO), Uniswap (UNI), Tezos (XTZ) and Stellar Lumens (XLM), all of which are claimed to be securities.
Project dynamics:
Whale Market announces launch of Friendtech Points Market Settlement with no settlement fees
Whales Market officially announced on the X platform that the settlement of the points market for @friendtech has begun. It is worth noting that buyers will not be charged any fees during the settlement process. However, due to slippage and taxes generated by the swap, the number of FRIEND tokens received may be deviated. In addition, since FRIEND tokens are not transferable, the transfer process must be completed through BunnySwap.
Avail announces the end of the first phase of airdrop claims, and the second phase information will be announced next week
Polygon modular blockchain project Avail announced on Twitter that the first phase of its AVAIL token airdrop has ended and the official claim window has closed. The project is expected to announce relevant information about the second phase of claims next week, which will include details on expanding the scope of rewards and rewards provided to Polygon PoS validators and LST holders.
Cardano founder proposes integrating Cardano with BCH
Cardano founder Charles Hoskinson has made a proposal on X, inviting the public to vote in favor of his proposal to add Bitcoin Cash (BCH) as a partner chain to the Cardano blockchain. The integration will include several new upgrade features that lean toward Proof of Work (PoW), and 66% of participants have already supported the proposal.
NEAR’s TVL reached $335 million in the first quarter, a 163% increase from the previous quarter
Nick Garcia, a researcher at Messari, wrote on the X platform that NEAR Protocol performed outstandingly in the first quarter of 2024, with its total locked value (TVL) reaching $335 million, a 163% increase from the previous month and a 547% increase from the previous six months. The number of daily active addresses reached 1.2 million, a 42% increase from the previous month and a 377% increase from the previous six months. In addition, NEAR's stablecoin market value increased by 176% from the previous month to $214 million. The total number of NEAR accounts has exceeded 100 million.
BounceBit mainnet will be launched on May 13, and points airdrop will be carried out simultaneously
According to the official announcement, BounceBit will launch the mainnet according to the following schedule: On May 6, the Premium Yield Generation function will be suspended until the mainnet is officially launched. From May 6 to 12, BounceBit will introduce the first batch of professional node operators. On May 13, the BounceBit mainnet will be officially listed. At the same time, the BB points airdrop will be automatically distributed to each eligible wallet, and users do not need to perform additional operations.
In addition, the BB Megadrop event on the Binance platform will end on the same day, and rewards will be distributed before trading begins.
Arbitrum One’s ETH deposit inflow accounts for 75% of the L2 network
According to Spencer Noon, founder of the on-chain analysis platform OurNetwork, who posted on the X platform, as of April 28, Arbitrum One has accumulated ETH deposits worth $5.2 billion, reaching a record high. The platform's 1.74 million ETH balance exceeds the total of other EVM chains. Data from CEX also shows that Arbitrum One is the main second-layer (L2) network for ETH deposits, and as of May 2024, its deposit inflows account for 75% of all L2 networks.
Sui officially responded to the doubts, the founder does not control any tokens
In response to recent social media questions and discussions about the SUI token model and founder control of tokens, Sui officials responded on the X platform.
Sui officially stated: The founders of MystenLabs do not control the Sui Foundation treasury, community reserves, equity subsidies, or any tokens allocated to investors. The Sui Foundation is the largest holder of locked tokens, which will be unlocked according to a public emission schedule. In addition, the Sui Foundation stated that it would return 100% of the staking rewards received to the community and include them in the public emission plan.
Important data:
Justin Sun’s team deposited 120,000 EETH into Swell L2, accounting for 46.6% of the total deposits
According to @ai_9684xtpa monitoring, Justin Sun's team address 0x7a9...3095 deposited 120,000 eETH (deposit certificate after ETH is deposited into Ether.Fi) into Swell L2 on May 4, with a value of $376 million. The current four-week pre-launch deposit activity of Swell will end on May 8, and Justin Sun's pledged funds account for 46.6% of the total deposits of Swell L2. Previously, the address deposited 120,000 ETH 5 days before the end of the Ether.Fi airdrop activity, and obtained 22,000 ETHFI, worth $105,000.
Ethereum network gas fee drops to 5 gwei
According to Etherscan data, the current gas fee of the Ethereum network has dropped to 5 gwei (about US$0.3).
Multi-signature wallet withdraws over 1 trillion $PEPE from Binance
According to @EmberCN monitoring, a multi-signature wallet withdrew 915.8 billion $PEPE worth 7.73 million US dollars 20 minutes ago. In the past 28 hours, the address withdrew a total of 1.238 trillion $PEPE from Binance, worth about 10.46 million US dollars. 21 days ago, the wallet transferred 7.62 million USDT to Binance, and the purchase cost of these $PEPE was estimated to be $0.00000617 per coin.
Bitcoin network fees briefly rise to 400 satoshis per byte
According to BTC.com data, the best transaction fee of the Bitcoin network has temporarily risen to over 400 satoshis/byte, and the high priority fee is now 508 satoshis/byte. According to GeniiMap data, the current popular projects on the Bitcoin network chain include EPIC•EPIC•EPIC•EPIC, DOPE•ASS•TICKER and FIRST•EPIC•RUNE rune engraving.
Stablecoin market value increased by 0.29% week-on-week, and USDT market share reached 68.97%
According to Deflama data, the total market value of stablecoins increased by 0.29% to $160.407 billion in the past week. During this period, USDT's market value reached $110.627 billion, with a market share of 68.97%, continuing to lead the stablecoin market.
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