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Lyra Finance unveiled a new token, LDX. A snapshot of existing Lyra token holders was taken on May 8. The team plans to convert Lyra holders’ balances 1:1 to LDX. The token is expected to roll out in the third quarter.
Donald Trump is scheduled to meet supporters who purchased a large amount of his NFTs for dinner on Wednesday, Axios reported. Trump is currently facing a criminal trial in New York.
The FTX estate is offloading its third tranche of locked Solana this week. The estate is in the process of selling around 41 million locked SOL.
Ark Invest offloaded another 70,616 Coinbase shares on Tuesday — worth $15.1 million — as the investment firm continues to rebalance its fund weightings.Ark’s latest COIN sales are the most significant since April 11, when the investment firm offloaded $20.4 million worth of the stock.
Bitcoin long liquidations have spiked above $30 million in the past 24 hours.Bitcoin’s price has dipped over 3% during this time, currently trading at $62,300.
The total crypto market cap has lost almost $100 billion daily and $150 billion since Monday.
While every other spot bitcoin ETF had inflows or no flows, GBTC’s significant outflows overpowered the market.
- 12:56Solana Network May Soon Surpass Ethereum in Transaction FeesAccording to TechFlow, the Solana network may soon surpass the Ethereum network in transaction fees, which could be a major development for Solana's status as the so-called "Ethereum killer." According to Dan Smith, senior research analyst at Blockworks, in a May 7 article, Solana may surpass Ethereum's transaction fees this month or even this week. In addition, Solana's $2.8 million total economic value was close to Ethereum's $3.1 million total economic value on May 7, showing its potential to compete with Ethereum.
- 12:56Smart Layer launches Launchpad staking, where users can earn rewards by staking SLN tokens, Smart Cats or LootAccording to ChainCatcher, Smart Layer has launched the Launchpad staking feature, where users can get rewards by staking SLN tokens, Smart Cats or Loot. It is reported that the staking reward APR is as high as 40%, and exclusive rewards from partner projects and Redbrick achievement tokens can also be obtained. In addition, participants in staking must hold at least 10 SLN tokens (no upper limit) and have a Smart Cats, Loot or Redbrick account.
- 12:55Web3 community-driven gaming ecosystem SlingShot DAO completes $3 million in financing, with Alphabit Fund participatingGolden Finance reported that the Web3 community-driven gaming ecosystem SlingShot DAO announced the completion of a new round of financing of US$3 million on the X platform, with Alphabit Fund participating. SlingShot DAO is a community-driven gaming ecosystem platform where members can collaborate to transform ideas into gaming experiences through the SlingShot application. SlingShot DAO focuses on promoting the values of "community first" and an action-oriented approach, and is committed to establishing a new competitive environment in the gaming industry.
