#Binance released its 2024 annual report, saying that by the end of the year, the number of registered users exceeded 250 million, an annual increase of 47%; the platform processed a record 4.44 million requests per second; #Binance VIP users increased by 116%; institutional registered users increased by 97%; the internal compliance team has grown to 650 experts
A new whale took advantage of the recent price drop to accumulate 801 #BITCOIN $BTC ($77.55M) from #Binance at an average price of $96,815 over the last 17 hours!
Bitcoin has broken $100,000.. who remembers @CZ said about BITCOIN $BTC on 08/02/2019 Slap yourself,
if you sold $BTC under $10,000. This has proven to us the noble vision of @CZ and the long term future of $BTC will increase over time.. If you don't buy $BTC now, 10 years from now you will buy $BTC for 10x the current price
🚨 $SOLANA $SOL Grayscale and NYSE just filed to convert the Grayscale Solana Trust, GSOL, into an ETF. Previously, companies such as VanEck, 21Shares, Canary Funds, and Bitwise had also submitted applications for spot SOL ETFs
Vitalik Buterin introduced an update called “The Verge” that makes it easier to run $Ethereum $ETH nodes on small devices like smartwatches.
The update uses a method called “stateless client verification,” which allows devices like mobile wallets, browsers, and even smartwatches to verify transactions without downloading and storing the entire blockchain data. This makes it easier for more people to participate in node operations and staking on $Ethereum ( $ETH )
Radiant Capital ( $RDNT ) a cross-chain lending protocol invested by Binance Labs, suffered a cyber attack, resulting in losses of more than $50 million. The attacker controlled the private keys of multiple signers and then controlled smart contracts. The suspect's wallet held more than $32 million worth of Arbitrum-based assets and about $18 million worth of BNB Chain tokens.
All in Bits (AiB), the builder of the Cosmos ecosystem, issued an emergency alert, discovering that the Liquid Staking Module (LSM) of the Cosmos Hub has serious security risks. Most of the LSM code was written by North Korean developers. LSM is not an independent module, but a modification of the existing staking, distribution and slashing modules, which may affect all staked ATOMs.
Update $BTC US Spot ETFs hold 4.6% of #Bitcoin supply, valued at $58B. Recent balance growth includes Grayscale's Bitcoin Mini Trust holdings, highlighting the strong institutional demand for regulated BTC exposure.
Binance Lists EigenLayer ($EIGEN) and What You Need to Know 💯
Source: Kairos Research
TOTAL SUPPLY AND CIRCULAR SUPPLY
• Total EIGEN supply: 1,673,646,668 tokens at launch.
• Circulating supply at launch
• 6.75% from Stakedrop 1.
• 5.2% from Stakedrop 2.
• A total of approximately 200,000,776 EIGEN (~11.95%).
ACTUAL SUPPLY:
• In Stakedrop 1, only 85.4% (or 95 million EIGEN) were claimed.
• In Stakedrop 2, only 21.7% (or 18.6 million EIGEN) were claimed to date.
• Actual circulating supply is 114 million EIGEN.
• 73 million EIGEN have been re-staken via EigenLayer.
• Current float is 40.43 million EIGEN.
PREVIOUS MARKET VALUE:
• At $3.84 (via HyperLiquid), the current float is $155 million, with a FDV of $6.42 billion.
• Low float impact: With only 2.42% of the circulating supply, there is a high potential for volatility as price is discovered.
• Factors affecting token claims: Operator claims will only start after October 6th.
• The delay in claiming may be due to tax reasons, as the claim period is extended to March 25th next year.
$EIGEN UNLOCK SCHEDULE
• Will start 1 year from next Tuesday.
• During this time, 3% of the supply will be distributed from Stakedrop 2, along with 4% for incentives in the first year.
EXPECTATIONS
As supply continues to be released, new features on the platform (like slashing) will gradually be completed, helping users and the market better assess the demand for EIGEN.
a16z Crypto announced the 21 startups to join Crypto Startup Accelerator (CSX) Fall 2024 cohort, including Anera Labs, Banyan, Blocksense, Cork Protocol, Fermah, Future Primitive, MeshMap, Term Labs, zkSpin and more. a16z CSX invests a minimum of $500,000 in each company that’s
TFH announces change to Worldcoin (WLD) token unlock schedule - The unlocking schedule for 80% of the team's and investors' WLD tokens extends from 3 years to 5 years, starting from July 24, 2024. - Tokens will be unlocked gradually over the next 4 years, ending at the end of July 2028. - This helps reduce token supply immediately, avoiding sudden price drops. WLD price increased nearly 70%, currently trading at $2.9 Worldcoin, co-founded by OpenAI's Sam Altman, uses the "World ID" digital identity verification system via iris scanning. By April 2024, World App has 10 million registered users. - More than 211 million WLD tokens have been claimed by users with World ID, accounting for more than 77% of the total 275 million WLD tokens in circulation. - Worldcoin Community Fund has 7.22 billion USD worth of WLD tokens.