I have some interesting crypto news, and it’s bound to be a wild ride. So, grab your coffee, and let’s dive in!

The Tale of Silicon Valley Bank: From $40 Billion to $500 Million 📉

Yes, you heard that right. Silicon Valley Bank, a renowned US banking institution, was once valued at $40 billion. But fast forward to today, and the bank has been sold for a measly $500 million.

That’s a 99% drop in value, folks! And to think, some people say crypto is volatile, lol, elite trader?

Why is this relevant? It shows that even the most established banks are not immune to financial crises. But more importantly, it’s a reminder that the crypto industry is still in its infancy.

Coinbase’s Inflation-Pegged Stablecoin 🪙

Coinbase is exploring the creation of an inflation-pegged stablecoin. This type of stablecoin is designed to maintain its value by being pegged to the inflation rate, making it a more reliable store of value than traditional stablecoins.

But why does this matter? Well, it could offer a more attractive option for major companies and digital asset holders who want a reliable means of exchange for online and offline usage. And with recent banking crises, it’s no wonder that companies like Coinbase are exploring new options.

Plus: Coinbase’s interest in the DeFi space doesn’t stop there. The exchange has also urged developers to explore creating an on-chain reputation system that can help establish trust between users.

ZKSync Airdrop Guide: The Retroactive Edition 📈

Have you heard about the ZKSync Era Mainnet launch? Well, it’s time to take some action and make some retroactive moves. But don’t worry. I’ve got you covered with a guide to help you out.

First things first, always remember to use money that you’re willing to lose because airdrops are not confirmed yet. Let’s dive in:

1. Bridge: https://bridge.zksync.io/ - Deposit ETH From Ethereum > ZK Era - Deposit $50 — $100 (Higher the better, because usually, the volume will be important criterion) - You can also use bridges from third-party projects like Multichain or Orbiter Finance

Much safer to use the official one, but it will be better if you use all the bridges, especially Orbiter.

2. SyncSwap: https://syncswap.xyz/ - Make some swaps, for example ETH to USDC - Add liquidity - Remove liquidity

3. SpaceFi : https://swap-zksync.spacefi.io/ - Swap ETH to USDC as well - Add and remove liquidity

4. Mute: https://app.mute.io/ - Swap ETH to USDC and ETH to MUTE - Add and remove liquidity - Lock Mute

That’s all for today, GOATs.

But before I go, remember to always take things one step at a time, even when the crypto world is moving at lightning speed. And most importantly, never forget to have some fun along the way!

Until next time, stay curious, stay informed, and keep grazing.

Your favorite goat 🐐