$7.2 Billion in Initial FDV 😯
In today’s edition: 🤔 BlackRock exec questions Ethereum's appeal, 🏦 😰 Caitlin Long on why Operation Choke Point 2.0 is making bankers nervous, and more!
Transform financial services through DeFi & Tokenization at Meridian 2024. Stellar Development Foundation’s annual conference will take place in London, UK, from October 15 to 17. Learn More.
Gevulot is the universal proving infrastructure for ZK. Try ZkCloud with free usage, plus extended grant opportunities for premier customers, until 'Q1 2025.
Cartesi did the hard work, like putting Linux on the blockchain, so that building dApps could be radically simple. Discover a boundless design space for your most ambitious web3 projects.
What’s Poppin’?
by Tikta and Veronica Irwin
EigenLayer’s EIGEN Token Unlock Goes Live With $7.2 Billion FDV
The EIGEN token can now be traded, transferred, or staked and is trading at a fully diluted value of $7.2 billion.
BlackRock Exec Says Ethereum Narrative Is Less Easy to Digest: Report
BlackRock’s ETHA had one of its best weeks as it surpassed $1 billion in assets under management, but the company’s head of digital assets doesn’t expect inflows to match the pace of Bitcoin ETFs any time soon.
Caitlin Long on Why Operation Choke Point 2.0 Has Bankers Nervous
The Custodia Bank founder and CEO Caitlin Long spoke with Unchained about the intricacies of Operation Choke Point 2.0.
Earn bitcoin on Gemini here.
Daily Bits… ✍️✍️✍
🔐 World Liberty Financial, the DeFi project backed by the Trump family, has opened KYC verification on its site, requiring accredited investors to access project details as it prepares for the launch of its non-transferable governance token, WLFI.
⚖️ Over 94% of “FTX's Dotcom” creditors, those who used FTX.com’s offshore exchange, have supported the company's reorganization plan, aiming to return 118% of their claims in cash, totaling $6.83 billion in value.
👥 Coin Center’s executive director Jerry Brito and senior policy counsel Robin Weisman will step down at the end of 2024 after a decade in leadership roles.
🌐 Jesse Pollak, the lead behind the Coinbase-incubated Base network, is taking on the role of head of Coinbase Wallet and joining the crypto exchange’s executive team.
🇺🇸 Bithumb, South Korea’s second-largest crypto exchange, is exploring the possibility of listing on Nasdaq, signaling a shift in its IPO strategy from the originally planned listing on South Korea's Kosdaq due to regulatory challenges.
📱 Robinhood Crypto’s vice president and general manager Johann Kerbrat confirmed there are no immediate plans to launch a stablecoin, despite recent rumors circulating in the market.
🐱 GraFun, a memecoin launchpad supported by Floki and DWF Labs, saw an impressive $250 million in trading volume within 24 hours of its release on BNB Chain, introducing a new "Fair Curve" model to reduce fraud in token launches.
💰 The Ethereum Foundation has sold over $10 million worth of ether this year, sparking concerns within the community about the foundation’s large transfers and calls for greater financial transparency.
Today in Crypto Adoption...
🏢 Kin Capital launched a $100 million tokenized real estate fund on Chintai Network, targeting institutional investors with high yields and using blockchain to streamline real estate trust deeds for improved efficiency and speed.
What Do You Meme?
📈 Your Market Update 📉
BTC is up 0.3%, trading at $63,840
ETH is up 1%, trading at $2,634
BTC dominance: 53.39%
Crypto market cap: $2.36T
*All data as of today, 06:27 am ET. Source: CoinGecko
Recommended Reads
Blockworks: The MicroStrategy effect: Rate of corporate bitcoin buys accelerates
DL News: Harris or Trump? How lobbyists made sure crypto wins no matter what
We Are Hiring!
A Bitcoin Reporter to cover all things Bitcoin. See the details and apply here.
A Regulatory Reporter to cover regulatory topics in the space. See the details and apply here.
A Senior Editor to help assign and edit daily news stories, as well as work on features and other editorial projects as needed. See the details and apply here.
An Audience Development Director to broaden the reach of the publication’s content, whether through the web, social media, newsletters, podcast platforms, or videos. See the details and apply here.
🔝 Are you hiring and want to promote the postings in the Unchained newsletter? Let us know!