Ethereum Foundation Member Joins EigenLayer as Advisor
🧑💻 Justin Drake, a researcher from the Ethereum Foundation, has revealed that he has taken on an advisory role at the Eigen Foundation, which oversees EigenLayer.
💰 Drake disclosed that he will receive millions of dollars worth of EIGEN tokens over the next three years as part of his compensation.
😁 He emphasized his commitment to Ethereum, stating he is prepared to cease advising if EigenLayer's direction ever conflicts with Ethereum's interests.
🧐 This announcement comes after a minor scandal in the community over Ethereum Foundation employees potentially profiting from projects that might contradict Ethereum's goals.
BTC is currently in the middle of a bull cycle. 📈 Market capitalization is growing faster than realized capitalization, and this trend usually lasts about two years.
💪 If we maintain these metrics, the bull cycle will last until April 2025.
Do you believe in Bitcoin reaching $100,000 this year? Put🔥
Hello folks! It's time for our daily giveaway for our most loyal followers! You can see the results of last giveaway on the Daily Drops channel. Now let's move on to today's giveaway.
Here's what to do:
1️⃣React to this message with 👾 emoji
2️⃣Share this message with a friend
3️⃣Fill out the Google form.
4️⃣To be subscribed to Daily Drops channel, where the results will be posted
💰The prize pool of $50 will be distributed as follows:
◾️1st place - $20 USDT ◾️2nd place - $10 USDT ◾️3rd place - $8 USDT ◾️4th place - $4 USDT ◾️5th place - $4 USDT
👆All payments will be made in $TON at the current exchange rate at the time of the giveaway. Five winners will be randomly selected using a randomizer.
❗️ You need to provide a TON-wallet address to which we will transfer the funds you win. If the address is incorrect, we will simply choose the next participant on the list. Do not provide exchange wallets because without a tag your funds will simply be lost.
✔️ The form must be filled out within four hours of the publication of this post. The results of the draw will be announced after processing the data from the form and further giveaway on the Daily Drops channel. And do not fill out the form several times. Such accounts will still be disqualified!
BTC is currently in the middle of a bull cycle. 📈 Market capitalization is growing faster than realized capitalization, and this trend usually lasts about two years.
💪 If we maintain these metrics, the bull cycle will last until April 2025.
Do you believe in Bitcoin reaching $100,000 this year? Put🔥
Kraken is considering removing support for Tether (USDT) in the EU due to upcoming regulations.
🇪🇺 The EU's new MiCA rules, effective from July, will restrict stablecoins like USDT, which are crucial for traders to move assets and avoid volatility.
👀 Tether expects exchanges to focus on EUR liquidity for EU customers. OKX has already limited USDT trading in the EU but allows deposits, withdrawals, OTC transactions, and EUR exchanges.
🐙 Kraken's decision will depend on the finalized guidelines from the European Banking Authority. Tether's CEO, Paolo Ardoino, has expressed concerns about MiCA and will continue discussions with regulators
Bitcoin's correlation with tech stocks hits highest since August!
📈 Bitcoin is now behaving more like tech stocks, with its 90-day correlation coefficient with the tech-heavy Nasdaq 100 index reaching 0.46, the highest since late August.
➡️ This shift reflects growing optimism that borrowing costs might soon decrease, making Bitcoin more akin to high-growth assets.
👀 Despite being touted as an uncorrelated asset, Bitcoin's recent behavior suggests otherwise. The approval of Bitcoin ETFs has opened the market to new investors, driving its price up significantly.
🐃 Analysts believe that if the Federal Reserve lowers interest rates, it could be bullish for Bitcoin and other risk assets.
💎 Pavel Durov received more than 1 billion $NOT ≈ $6.8 million as a gift yesterday. He promised to hold all the coins until $NOT gives 100x returns! 🚀 Then he will invest these $680 million in servers for Telegram.
Are you holding or have you already sold everything? 😁
🏦 Bank of America (BAC) upgraded Coinbase (COIN) from underperform to neutral. This upgrade follows the positive dynamics of the crypto market, which led to an increase in market capitalization and trading volumes.
👀 Following this, Coinbase shares rose by 2.5% in pre-market trading, reaching around $204. Improved expense discipline and diversification at Coinbase are expected to increase earnings further.
✔️ However, there are risks related to regulatory issues (the ongoing lawsuit with the SEC) and potential competition from the Chicago Mercantile Exchange (CME) entering the spot bitcoin trading market.