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The details of the EigenLayer token were revealed yesterday, with a 15% airdrop allocation to ecosystem participants. The plan faced criticisms relating to the lack of transferability of the token and its heavy handed approach to blocking jurisdictions.
Bitwise CIO Matt Hougan said Congress may pass comprehensive stablecoin legislation this year. If so, the “mainstreaming of stablecoins” could prove bigger than the U.S. spot bitcoin ETFs, Hougan said.
CertiK reports that this month saw the least crypto-related losses from confirmed hacks, exploits, and scams since the blockchain security firm started tracking them.
The price of bitcoin seems set to close April down 12% from its value at the beginning of the month.The monthly downturn marks the end of a seven-month winning streak of green candles for the digital asset — a trend that began at the beginning of September 2023.
MilkyWay has raised $5 million in a seed round co-led by Binance Labs and Polychain Capital. The funding comes ahead of MilkyWay’s token launch and airdrop in the coming months.
Hong Kong’s six new spot bitcoin and ether ETFs recorded roughly HK$87.5 million ($11.2 million) in trading volume on their first trading day on Tuesday, according to the Hong Kong Stock Exchange data.ChinaAMC’s spot bitcoin ETF led in trading volume, logging HK$37.16 million on the day, and its assets under management reached $121.7 million.In comparison, when the 11 spot bitcoin ETFs began trading in the U.S. in January, their daily turnover reached about $4.6 billion on the first trading day.
