Layer3 Foundation, a distribution and identity protocol, announced that it will launch a token called L3 in early summer this year, with a total supply of 300 million tokens. Community distribution will account for 51% of the total supply. Detailed token economics will be released in June. The Genesis Airdrop will account for 5% of the total supply and will be distributed to early users and participants in the first season. The Genesis Airdrop snapshot was taken on May 10th, 2024 at 2:00 PM UTC.
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SlowMist Security Alert has detected potential suspicious activity related to TsuruBase, resulting in a loss of 138.78 ETH.
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According to mempool.space data, Bitcoin network transaction fees have decreased, with high priority fees dropping to 9 Sat/byte.
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According to a Snaphot voting page, the governance proposal previously released by GMX has concluded its governance voting for establishing a GMX token pool and market on GMX V2. According to the voting results:
Creating a GMX-USDC token pool and market and then creating GMX-GMX received 98.66% support;2. Only creating a GMX-USDC token pool and market received 1.12% support;3. Only creating a GMX-GMX token pool and market received 0.18% support;4. Creating a GMX-GMX token pool and market and then creating GMX-USDC received 0.03% support;5. Not listing the GMX market received 0% support. #BNB走势

Markus Thielen, the founder of 10x Research, posted on social media that BTC and ETH are still highly correlated in this cycle, with a correlation coefficient of 95%. The weak fundamentals of Ethereum are becoming a hindrance to Bitcoin, as they prevent large-scale fiat currency inflows into the crypto ecosystem. In addition, Markus Thielen stated that in the previous 2020/2021 cycle, ETH was a driving force, as Ethereum was supposed to replace the traditional banking system. The minting of NFTs opened up a new area for crypto adoption, which could have extended to various personalized files on the blockchain, driving widespread adoption of "wallets". However, Ethereum developers did not respond quickly.
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Bank of America believes that due to strong service sector spending, a tight labor market, and uncertain fiscal prospects, inflation faces upward risks. Even if the PCE inflation index has been gradually approaching the target, the resilience of the US economic growth and positive output gap make any monetary easing appear premature. This supports our view that the easing cycle will begin in December. The impact and uncertainty surrounding the US election may be another reason why the US does not want to cut interest rates early.
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The Bitcoin re-collateralization protocol Chakra based on zero-knowledge technology announced that it has integrated with the Bitcoin collateralization protocol Babylon. Chakra can map BTC collateralized through Babylon to any ecosystem through the trustless settlement service/layer of the Chakra network. Babylon uses BTC collateralized through Chakra to ensure the security of its PoS system within the protocol and allows pledgers to share verification rewards. The ZK-STARK collateral proof generated by Chakra enables users to obtain liquid assets on Chakra Chain, Starknet, and other various blockchains. In addition, the cooperation between Chakra and Babylon extends to other fields, including introducing Babylon's Bitcoin equity protocol into different consensus protocols.
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Optimism announced on X platform that the fourth round of retrospective public goods fundraising applications has opened. 10 million OP tokens are dedicated to on-chain builders who deploy contracts on Superchain and generate block space demand. The application deadline is June 7th at 03:00 Beijing time.
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According to the dApp page, SyncSwap has added zkSync (ZK) to the Swap asset options.
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