🏃♂️ Lido’s Decentralization Push
In today’s edition: 💰 Pump.Fun out-earns Ethereum in daily revenue, 💥 Blast to distribute 10B tokens in phase 2, 📊 Miner Genesis Digital eyes US IPO, and more!
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What’s Poppin’?
by Sage Young and Sam Sriram
Lido Takes Initial Step to Decentralize Ethereum Node Operator Set Amid SEC Allegations
Monday saw the debut of Lido’s Community Staking Module on the Holesky test network, which aims to allow new entities, including solo stakers, to become node operators without needing permission from its DAO.
Memecoin Deployer Pump.Fun’s Daily Revenue Surpasses Ethereum
Pump.Fun’s annualized revenue, calculated by taking revenue data from the last 30 days and multiplying the figure by 12, is projected to be $268.95 million, DefiLlama shows
Blast Phase 2 Will Split 10 Billion Tokens Between ‘Points’ and ‘Gold’
Blast has allocated 10 billion tokens for its phase 2 rewards program to incentivize the use and development of mobile Dapps.
Bitcoin Miner Genesis Digital Assets Considers US IPO: Report
Alameda Research-backed Genesis Digital Assets is reportedly exploring the possibility of going public.
Daily Bits… ✍️✍️✍️
📈 Robinhood aims to offer CME-based bitcoin and ether futures in the US and perpetual futures in Europe through its Bitstamp acquisition.
⚛️ Kraken is considering nuclear energy to power its data centers, exploring partnerships for small modular reactors in North America and Europe.
💰 Aave DAO is launching its GHO stablecoin on Arbitrum, aiming to boost adoption through a "cross-chain expansion strategy."
📅 A Texas judge approved an expedited schedule for the SEC’s case against Consensys, with a decision expected by late 2024 or early 2025.
🛑 Bittensor developers paused the blockchain network following a suspected security exploit on user wallets, with $8 million worth of TAO reportedly stolen.
Today in Crypto Adoption...
📊 Fidelity International and crypto bank Sygnum partnered with Chainlink to bring net asset value (NAV) data onchain, enhancing transparency for tokenized assets.
The $$$ Corner…
🤖 Sentient locked $85 million in seed funding, co-led by Founders Fund and Pantera Capital, to develop an open-source AI platform with contributions from notable figures like Polygon co-founder Sandeep Nailwal.
⚡️ Lombard closed a $16 million funding round to integrate Bitcoin into decentralized finance through restaking, allowing users to earn interest by securing other crypto networks.
💼 RedStone secured $15 million in a Series A funding round to enhance its blockchain oracle services, led by Arrington Capital and including several notable investors.
☁️ Prodia garnered $15 million in seed funding from Dragonfly Capital to expand its distributed cloud computing network, aiming to provide efficient, cost-effective services using Web3 infrastructure.
🌐 OpenLedger gathered $8 million in a seed round led by Polychain Capital and Borderless Capital to build permissionless, data-focused infrastructure for AI development.
What Do You Meme?
📈 Your Market Update 📉
BTC is down 3.7%, trading at $60,253
ETH is down 3.9%, trading at $3,309
BTC dominance: 50.6%
Crypto market cap: $2.34T
*All data as of today, 06:40 am ET. Source: CoinGecko
Recommended Reads
Unchained: EigenLayer Has 2 New Competitors: Symbiotic & Karak. How Are They Different?
The Defiant: Data Contradicts Narrative: Ethereum Continues to Dominate Layer 1 Sector
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