Weekly Project Updates: Binance Launches Renzo on Launchpool, EOS Introduces New Tokenomics, $SAFE Begins Circulat…
1. Starknet Foundation Announces Airdrop Redistribution of STRK to Three User Categories link The Starknet Foundation has announced that it will distribute STRK tokens through a retroactive airdrop to three categories of users: Pooled stakers, StarkEx users mistakenly identified as VeVe users, and actual VeVe users. Regarding Pooled stakers, the foundation initially intended to distribute STRK to eligible stakers through the staking protocols they use. However, many staking protocols were unable to complete the distribution task. The supported protocols or entities currently include Lido, Rocket Pool, BloxStaking, SharedStake, stakefish, Consensys, and Ankr Staking. Qualified recipients will be able to claim their STRK directly through the Provisions website. 2. Base Network Reaches Total Supply of 2.46 Billion Native USDC and Bridged USDC link Jesse Pollak, head of the Base protocol, referenced USDC pool data to indicate that the total amount of native USDC and bridged USDC on the Base network has reached 2.46 billion, surpassing Solana (2.45 billion) and second only to Ethereum (238.2 billion). However, the native USDC on Base is at 2.38 billion, slightly lower than Solana’s 2.45 billion. USDC is the primary stablecoin on the Base network, and according to growthepie data, the overall stablecoin market value on Base has grown by 260% in the past month, making it the second largest Ethereum L2 stablecoin market value behind Arbitrum. Additionally, the number of daily contract deployers on the Base network recently reached 21,700, setting a new historical record. Contract deployers refer to the number of externally owned accounts (EOAs) initiating transactions to create smart contracts. Previously, Jesse Pollak, the head of the Base protocol, stated that the goal for Base is to reach 1 million developers. 3. Merlin Chain: Unstaking of BTC Now Available link The founder of Merlin Chain, a Bitcoin Layer 2 solution, announced on Twitter that Merlin Chain has opened up BTC unstaking. If users have not previously claimed M-BTC, they can directly withdraw BTC back to Layer 1. After paying the gas fee, the BTC will arrive in the Layer 1 BTC wallet after 3 days, or it can be withdrawn back to their Layer 2 wallet without a gas fee, arriving in the Layer 2 wallet address in approximately 24 hours. If users have previously claimed M-BTC, they can now swap M-BTC 1:1 for BTC and then continue trading or use a cross-chain bridge to return to Layer 1. Users’ wallets must have sufficient gas to complete this operation. Please note that the AA wallet on Merlin is currently congested, so it’s recommended to perform swaps during off-peak hours. 4. EOS Network Foundation Releases New Token Economics for EOS link Yves La Rose, CEO of the EOS Network Foundation, has announced a new token economics plan for EOS, reducing the maximum total supply from the original 10 billion to 2.1 billion. The distribution plan includes the existing circulating supply of 1.15 billion (54.8%), with additional allocations for staking rewards of 250 million (11.9%), the EOS Network Foundation with 150 million (7.1%), block producers with 100 million (4.8%), RAM market with 350 million (16.7%), middleware with 15 million (0.7%), and EOS Labs with 85 million (4%). This EOS distribution plan spans over 4 years and will follow a “halving” model similar to Bitcoin’s over this period. 5. Terraform Labs to Restrict Access for US Users link Following the decision by the U.S. Securities and Exchange Commission (SEC), Terraform Labs will restrict access for U.S. users. Additionally, the company will begin withdrawing $23.8 million worth of LUNA liquidity from the Astroport, Ura, and White Whale platforms starting on April 26. Previously, the SEC had filed a motion seeking a judgment against Terraform Labs and its co-founder Do Kwon to pay approximately $4.7 billion in restitution and prejudgment interest, along with a total of $520 million in civil penalties. Forging a [DEPIN] decentralized physical infrastructure network empowered by people. In Meson we trust, where the digital intelligence finds its home. Sponsored By Meson. 6. Tools for Humanity, The Company behind Worldcoin, Hints at Imminent Collaborations with Major Tech and Financial Firms link The company behind Worldcoin, Tools for Humanity, has hinted at potential partnerships with major technology and financial firms. CEO Alex Blania mentioned a potential collaboration with OpenAI, stating, “How we might work together is a natural fit, but we’re not ready to announce anything yet.” Blania also noted discussions with PayPal but indicated that specific progress had not been made. Three Arrows Capital participated in Tools for Humanity’s $25 million funding round in October 2021, valuing the company at $1 billion. SBF is also an early investor in the company. Sam Altman, co-founder of OpenAI, is also a co-founder of Worldcoin. Worldcoin previously announced that its subsidiary, World Assets Ltd., plans to sell WLD tokens from the World Assets treasury in the coming months. 7. MakerDAO Captures Nearly 40% of DeFi Profits on Ethereum in the Past 6 Months link Syncracy Capital co-founder Ryan Watkins released a study on MakerDAO, revealing that MakerDAO has captured nearly 40% of DeFi profits on Ethereum in the past 6 months. The key to its success lies in DAI, which maintains a currency premium. Maker’s annual revenue exceeds $400 million, surpassing all projects in the industry except Ethereum, Tron, and Solana. However, Maker’s price-to-earnings ratio has been suppressed. The launch of “Endgame” could potentially reverse this situation, bringing billions of dollars in fee opportunities and a project valuation of $400 billion to Maker. The Morpho Vault launched through Spark has provided Ethena with a $1 billion credit line, generating $70 million in annual revenue for Maker with only 300 million DAI in use. The first subDAO Spark may launch with a valuation of $25 billion to $50 billion, providing incentives of $500 million to $1 billion for DAI holders. 8. SAFE Token Enables Market Circulation link On April 23rd, the SAFE token officially enabled transfer functionality, with both OKX and Coinbase announcing the listing of the SAFE token. SAFE, formerly known as Gnosis Safe, initially started as a multi-signature tool developed by the Gnosis team to manage ICO funds. Later, the team decided to expand this internal tool into a public service. In July 2022, Safe announced a strategic financing round of $100 million led by 1kx, valuing the project at $1.25 billion. Safe is the largest account abstraction wallet in Web3, safeguarding assets exceeding $100 billion. 9. Zircuit Reports TVL Surge to Over $2 Billion in Staking Program link Zircuit, a ZK Rollup platform integrating parallel circuits and AI security, announced today that its Total Value Locked (TVL) in the staking program has surged to over $2 billion within just 2 months. Zircuit’s staking program allows users to earn Zircuit points by depositing assets, which can later be migrated to Zircuit’s mainnet upon launch. Users can deposit ETH, LST, LRT, and USDe to earn Zircuit points. Currently in the testing phase, Zircuit plans to launch its mainnet in the summer of 2024. 10. Binance Launchpool Introduces Liquidity Re-staking Protocol for the 53rd Project, Renzo (REZ) link Binance Launchpool has introduced the 53rd project, the liquidity re-staking protocol Renzo (REZ), which will go live on April 30, 2024, at 12:00 (UTC). The EZ trading pairs REZ/BTC, REZ/USDT, REZ/BNB, REZ/FDUSD, and REZ/TRY will be available. REZ has a maximum supply of 10 billion tokens, with Launchpool retaining 2.5% and an initial supply of 1.05 billion tokens, accounting for 10.5%. Following Binance’s listing announcement, Renzo tweeted an update based on community feedback regarding token claim timelines, tokenomics, and airdrop eligibility. Specifically: Snapshot time remains unchanged on April 26. Token claiming date is now April 30, one hour before the Binance listing. Community token allocation increases from 30% to 32%, while airdrop allocation increases from 10% to 12%. The first-season total supply increases from 5% to 7%, with the additional 2% covered by liquidity and foundation. The allocation for the second season remains at 5%. Airdrop eligibility requires a minimum of 360 ezPoints per wallet. Most eligible wallets (over 99%) will unlock fully at TGE, while wallets with over 500,000 ezPoints will unlock 50% at TGE, with the remainder vesting linearly over 3 months. Follow us Wu Blockchain is free today. But if you enjoyed this post, you can tell Wu Blockchain that their writing is valuable by pledging a future subscription. You won't be charged unless they enable payments. |
Older messages
WuBlockchain Weekly: SEC Expected to Reject Ethereum Spot ETF, ConsenSys Sues SEC, CZ trial is approaching and Top…
Friday, April 26, 2024
1. BlackRock's Bitcoin Spot ETF Achieves 70 Consecutive Days of Net Inflows link BlackRock is very pleased with the performance of its Bitcoin spot ETF (IBIT). Since its launch in January of this
Inside Parcl: Trade Real Estate Like Never Before?
Thursday, April 25, 2024
Parcl, a pioneering Solana-based platform, aims to revolutionize the real estate market by introducing liquidity to this traditionally illiquid asset class. It created a comprehensive real estate index
OKX Web3 On-Chain Anti-Phishing Security Trading Guide
Wednesday, April 24, 2024
Aurthor: OKX Web3 As we enter a new cycle, the risks of on-chain interactions are becoming increasingly exposed with the rise in user activity. Phishers typically use methods such as creating
Cathie Wood Iinterview In HK: Bitcoin Price Prediction for 2030, HK Is a Leading Crypto Policy Pioneer
Tuesday, April 23, 2024
Editor | Wublockchain Here is the full transcript of the Hong Kong Web3 Festival: Please welcome the head of HashKey Singapore and CEO of HashKey Capital, Mr. DC, and the CEO and CIO of ARK Invest, Ms.
Impressions of the Hong Kong Web3 Conference: Exchanges fade, few excellent projects, KOL influence strengthens
Monday, April 22, 2024
Author | @tmel0211 Editor | Wublockchain Original link:https://x.com/tmel0211/status/1777871689092923636 After spending three days at the Hong Kong Web3 Conference, I have many thoughts that words
You Might Also Like
Bitcoin sell-side liquidity hits lowest level since 2018 fueling BTC rally
Tuesday, January 7, 2025
Whales quietly accumulate as sell-side liquidity hits five-year low, driving new BTC highs. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Bitcoin’s 16th Birthday
Tuesday, January 7, 2025
Celebrating 16 years since the inception of a novel asset class ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
How does Bybit's CEO Ben view memecoins, listing strategies, and the insistence on applying for a Hong Kong licens…
Tuesday, January 7, 2025
Recently, Bybit held an online media conference where CEO Ben Zhou and Shunyet Jan, Head of Institutional and Derivatives Business, shared updates on Bybit's current development and outlook. ͏ ͏ ͏
MicroStrategy buys 1,070 BTC as Saylor declares interest in Bitcoin advisory for Trump
Monday, January 6, 2025
MicroStrategy's Bitcoin investment soars, yet company flags risks of debt reliance and unstable crypto markets. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
📈 US spot BTC and ETH ETFs saw a $35 billion and $2.7 billion net inflow in 2024, respectively; Crypto.com signed…
Monday, January 6, 2025
US spot BTC and ETH ETFs saw a $35 billion and $2.7 billion net inflow in 2024, respectively; Crypto.com signed an MoU with Dubai Islamic Bank; Crypto.com launched Crypto.com Custody Trust Company ͏ ͏
Wu Blockchain Year-End Dialogue: Solana Foundation, TON Foundation, Dragonfly, OKX Ventures
Monday, January 6, 2025
In this episode, the guests engaged in an in-depth discussion about key events and trends in the Web3 space for 2024. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
TGEs Look To Heat Up Crypto In 2025
Monday, January 6, 2025
Monday Jan 6, 2025 Sign Up Your Weekly Update On All Things Crypto TL;DR TGEs To Heat Up Crypto In 2025 Solana Remains Skeptical About AI Agents BTC Looks To Regain Momentum, DOGE & SUI Surge UK
Asia's weekly TOP10 crypto news (Dec 23 to Jan 5)
Sunday, January 5, 2025
The South Korean government has imposed sanctions on 15 North Korean individuals and one entity for their involvement in illicit cyber activities, including cryptocurrency theft. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
VanEck CEO recommends investors to double down on Bitcoin as hedge in 2025
Saturday, January 4, 2025
As gold and Bitcoin register a bull market, Jan van Eck stated that these assets are essential for any portfolio. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Weekly Project Updates: Aave Reaches Record High in Net Deposits, Vitalik Adopts MOODENG, Binance Launches New Tok…
Saturday, January 4, 2025
Telegram has rolled out its first update for 2025, introducing third-party account verification, message search filters, and the ability to convert gifts into NFTs. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏