🪙 Crypto News (May 14, 2024):

1️⃣ Lookonchain: On May 13th, a trader made a whopping 32-fold profit on the meme token KITTY, thanks to the awakening of X-account by financial analyst Keith Gill (The Roaring Kitty), who famously ignited the 2020 "retail traders vs. Wall Street" saga. Just before Gill's return tweet, the trader invested 21.1 SOL ($3000) to acquire 17.4 million #KITTY tokens. Subsequently, the meme token's value skyrocketed by over 6000%. In the aftermath, the trader sold 12.8 million KITTY for 294 SOL ($41,000), retaining 4.6 million KITTY ($56,000) in the balance, resulting in a staggering $94,000 profit. 📈

2️⃣ EigenLayer: The first phase of EigenLayer's stakedrop commenced on May 10th. Developers unlocked a total of 113 million #EIGEN tokens for claiming. In the initial hours post-launch, users staked and delegated approximately 8.9 million EIGEN tokens. 💰

3️⃣ Notcoin: The #Notcoin project team announced their decision to allocate 5% of the total token supply to be shared among community members and cryptocurrency exchange clientele. Notably, 1 billion Notcoin (NOT) tokens were reserved for users of the Wallet bot on Telegram. This campaign is currently underway and will conclude on May 25, 2024. 🤖

4️⃣ Luca Netz: The developers behind the Pudgy Penguins #NFT collection celebrated the sale of 1 million toys since their retail market debut. Furthermore, project leader Luca Netz unveiled plans for expansion into the Asian market. 🐧

5️⃣ Bloomberg: The U.S. Department of Justice has appointed the consulting firm Forensic Risk Alliance (FRA) to oversee Binance's activities for a duration of three years. 🕵️‍♂️

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