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86 Million Tokens Set for Distribution in Eigenlayer’s Season 2 Stakedrop

The Eigen Foundation has launched its Season 2 stakedrop, offering EIGEN tokens to stakers, ecosystem partners, and community members who contributed to the Eigenlayer network. Token claims will open on…

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Bitcoin Sinks 3% as Markets Brace for Friday’s Jobs Report, Gold Climbs

On Thursday, the crypto market mirrored the stock market’s downturn ahead of Friday’s anticipated U.S. jobs report. All major U.S. stock indices slipped into the red, with bitcoin (BTC) tumbling…

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A Deep Dive Into the Top 10 L1 Chains by Daily Transfer Records

In Sept. 2024, data revealed that the top ten layer one (L1) blockchains hold a combined value of $1.66 trillion, a significant chunk of the $2.03 trillion crypto economy. This…

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Australian asset manager Monochrome applies for new Ethereum ETF, eyes decision by end of this month

The potential approval of Monochrome's Ethereum ETF could significantly broaden regulated crypto investment opportunities for Australian investors. The post Australian asset manager Monochrome applies for new Ethereum ETF, eyes decision…

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Report: L1 Blockchains Experience Slowdown in 2024 Amid Declining Activity

Layer one (L1) blockchain networks, including Ethereum, Solana, and Bitcoin, have experienced a significant reduction in onchain and market activity in 2024. Researchers Tanay Ved and Matías Andrade from Coin…

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CFTC Fines Uniswap Labs $175,000 for Violating Commodity Exchange Act

The Commodity Futures Trading Commission (CFTC) has fined Universal Navigation Inc., operating as Uniswap Labs, $175,000 for illegal trading practices. The decentralized finance (defi) protocol operator was found in violation…

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Report Disputes EIP-1559’s Role in Ethereum’s ‘Ultrasound Money’ Narrative

Mark Odayan, head of research at 2077 Research, asserts that Ethereum’s EIP-1559 should not be equated with the concept of “Ultrasound Money.” Odayan’s insights aim to clarify the transaction fee…

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Ethereum Still Holds the Lion’s Share of Defi TVL as Tron and Solana Rise

Currently, the total value locked (TVL) in decentralized finance (defi) stands at $82.2 billion, with Ethereum hosting a commanding 57.24% of that amount. Hot on its heels, Tron and Solana…

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