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The FTX Estate is said to have completed its second tranche of ~1.8M SOL ($232M) in the range of $95-110. This is a much smaller discount to spot price than the earlier round of $64.
The next round looks to start on May 1st and will be open to non-US and US accredited investors. I believe there are still 12M SOL left to sell.
Eigen announced their “work token” yesterday which is coming May 10th. The total supply will be ~1.67B with 15% geared towards an airdrop. 5% of this will be claimable May 10 and then the rest a few months later. Defillama released a cool new tool to check allocations without connecting a wallet: https://defillama.com/airdrops
First,
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With Runes turning one week old, I wanted to see how they have been performing and what market dynamics are emerging in this new meta-token. I was initially excited about Runes, but as their launch was so telegraphed, I figured the reaction to it would be muted, as the market had probably priced in the excitement around Runes far in advan
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No one has a crystal ball, but having a solid framework you can trust is a close second.
Hopped on the Stacks podcast to give a rundown of crypto market cycles, liquidity, the bitcoin halving, and where things might be headed from here.
Where do you think we are in this current cycle?
...Now that Runes are live, Casey Rodarmor has theorized a solution to decentralize Rune/inscription markets. As I am sure readers know, the trading around Inscriptions and Runes is centralized because of Bitcoin’s limited scripting language. Most people trade Inscriptions and Runes on Cexs or centralized auction platforms like Unisat or Mag
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A new project launched by 0xMaki (ex Sushiswap & Currently LayerZero) has gained some attention on Twitter. Here I will breakdown what it is.
The Problem: Ethereum staking dynamics around LSTs and LRTs have centralized staking power through a few issuers. This has made it easier to be an “economic contributor” (i.e. the supplier of ET
A fun war is happening at block builders’ backyard
New block builders trying to gain slot share have been subsidizing block bids for proposers to choose them and kick off their builders, some even at a loss. The assumption is that eventually they will be at the top and could start being more competitive and offer the true block bid valu
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