Channel: CryptoRank News
ββDaily Crypto News π£
π News:
β Robinhood shares fall after its crypto arm gets Wells Notice from SEC
β Revolut launches standalone crypto trading platform for UK retail customers
β SEC delays making a decision on the proposed Invesco Galaxy spot Ethereum ETF
β Bitcoin miner Marathonβs market cap rises $800 million as stock jumps 18%
π Project Updates:
β MetaMask rolls out 'smart transactions' to combat Ethereum front-running
β Arbitrum surpasses $150 billion in total transaction volume on Uniswap
β OP Stack-based Mode to begin initial distribution of 550 million tokens today
β LayerZero Labs CEO confirms employees are forbidden from claiming upcoming airdrop
π Token Unlocks:
ATA - $8.46M
HFT - $5.11M
WIFI- $2.87M
π On-Chain Moves:
β Whale bought 798,157 FRIEND for 661.09 ETH ($2.03M), bringing the whale's FRIEND holding to 2.34M FRIEND ($5.7M)
β Whale 0xaad just deposited 1.543M RBN ($1.88M) to Coinbase and Gate.io. Notably, the whale received those RBN tokens from Wintermute Trading.
β Wallet 0x9db (likely Multicoin Capital) just deposited 423,263 GAL ($1.58M) to Coinbase
π Ongoing Raffles:
β Celebrate Massa's CEX listings: $500 worth of $MAS
β CryptoRank x C4E Giveaway Campaign: $2500 USDT
π News:
β Robinhood shares fall after its crypto arm gets Wells Notice from SEC
β Revolut launches standalone crypto trading platform for UK retail customers
β SEC delays making a decision on the proposed Invesco Galaxy spot Ethereum ETF
β Bitcoin miner Marathonβs market cap rises $800 million as stock jumps 18%
π Project Updates:
β MetaMask rolls out 'smart transactions' to combat Ethereum front-running
β Arbitrum surpasses $150 billion in total transaction volume on Uniswap
β OP Stack-based Mode to begin initial distribution of 550 million tokens today
β LayerZero Labs CEO confirms employees are forbidden from claiming upcoming airdrop
π Token Unlocks:
ATA - $8.46M
HFT - $5.11M
WIFI- $2.87M
π On-Chain Moves:
β Whale bought 798,157 FRIEND for 661.09 ETH ($2.03M), bringing the whale's FRIEND holding to 2.34M FRIEND ($5.7M)
β Whale 0xaad just deposited 1.543M RBN ($1.88M) to Coinbase and Gate.io. Notably, the whale received those RBN tokens from Wintermute Trading.
β Wallet 0x9db (likely Multicoin Capital) just deposited 423,263 GAL ($1.58M) to Coinbase
π Ongoing Raffles:
β Celebrate Massa's CEX listings: $500 worth of $MAS
β CryptoRank x C4E Giveaway Campaign: $2500 USDT
ββLayerZero Usage Dropped 4 Times After Snapshot
After the first LayerZero snapshot was taken on May 1st, the number of daily messages dropped from over 300K to 75K by May 6th. The drastic drop shows that LayerZero was being used mostly by sybils and users who were engaging with the protocol just to get an airdrop.
π https://cryptorank.io/ico/layerzero
After the first LayerZero snapshot was taken on May 1st, the number of daily messages dropped from over 300K to 75K by May 6th. The drastic drop shows that LayerZero was being used mostly by sybils and users who were engaging with the protocol just to get an airdrop.
π https://cryptorank.io/ico/layerzero
ββTop 15 Chains by FDV to TVL Ratio
The lower FDV to TVL ratio, the more undervalued a project.
Fusion - 0.13
Merlin - 0.94
Mode - 1.20
Tron - 1.22
Acala - 1.23
Mixin - 1.28
MAP Protocol - 1.51
Arbitrum - 2.14
Kava - 2.41
Gnosis - 2.45
Ethereum - 2.80
MultiversX - 2.90
Thorchain - 3.16
Osmosis - 3.73
Metis - 4.76
π https://cryptorank.io/categories/chain
The lower FDV to TVL ratio, the more undervalued a project.
Fusion - 0.13
Merlin - 0.94
Mode - 1.20
Tron - 1.22
Acala - 1.23
Mixin - 1.28
MAP Protocol - 1.51
Arbitrum - 2.14
Kava - 2.41
Gnosis - 2.45
Ethereum - 2.80
MultiversX - 2.90
Thorchain - 3.16
Osmosis - 3.73
Metis - 4.76
π https://cryptorank.io/categories/chain
ββπMarket Overview
Bitcoin trades above $62K. The top-10 cryptos are traded in red zone:
Dogecoin -4.61%
Solana -4.60%
Toncoin -2.25%
Market capitalization: $2.41T (-1.80%)
The BTC dominance: 51.06% (+0.02%)
Fear & Greed Index: 68 (Greed)
π Top Gainers
catwifhat (CWIF) +35.5%
IPVERSE (IPV) +25.2%
Tellor (TRB) +17.9%
Wrapped NCG (WNCG) +15.9%
Masa (MASA) +12.5%
π Recent Funding Rounds
Lava Network $11M Funding round with participation from Animoca Brands, Sandeep Nailwal and Gate.io
Galaxis $10M Funding round with participation from Rarestone Capital, Chainlink and Taisu Ventures
Botanix Labs $8.5M Seed round with participation from Polychain Capital, Placeholder Ventures and ABCDE
Bitcoin trades above $62K. The top-10 cryptos are traded in red zone:
Dogecoin -4.61%
Solana -4.60%
Toncoin -2.25%
Market capitalization: $2.41T (-1.80%)
The BTC dominance: 51.06% (+0.02%)
Fear & Greed Index: 68 (Greed)
π Top Gainers
catwifhat (CWIF) +35.5%
IPVERSE (IPV) +25.2%
Tellor (TRB) +17.9%
Wrapped NCG (WNCG) +15.9%
Masa (MASA) +12.5%
π Recent Funding Rounds
Lava Network $11M Funding round with participation from Animoca Brands, Sandeep Nailwal and Gate.io
Galaxis $10M Funding round with participation from Rarestone Capital, Chainlink and Taisu Ventures
Botanix Labs $8.5M Seed round with participation from Polychain Capital, Placeholder Ventures and ABCDE
ββCrypto News π£
π News:
β U.S. Financial Industry to explore sharing ledger technology for multiasset transactions
β Nearly all FTX creditors will get 118% of their funds back in cash
β Wintermute to provide liquidity for Hong Kong Bitcoin and Ether ETFs
β Proposal for Grayscaleβs Ethereum Futures Trust ETF has been withdrawn
π Project Updates:
β Bybit to integrate Ethena Labsβ USDe as a collateral asset, and in bitcoin and ether spot trading pairs
β Hyperliquidx L1 is transitioning to HyperBFT
β Blast introduces Blast Jackpot
β Mode announces Season 2 and S1 details
πToken Unlocks:
HYPC - $23.37M
ENS - $20.51M
LENDS - $1.37M
π On-Chain Moves:
β Ethereum Foundation just transferred 1,000 ETH ($3M) to middle multisign 0xbc9
β Whale 0xf0e (likely Machibigbrother) just swapped 157 ETH ($477K) to 189,435 FRIEND at $2.515 on average:
β Fresh wallet 0xc2f just withdrew 632,810 LINK ($9.02M) from Kraken
π Ongoing Raffles:
β CryptoRank x C4E Giveaway Campaign: $2500 USDT
β CryptoRank x Tanuki $500 USDT Giveaway
π News:
β U.S. Financial Industry to explore sharing ledger technology for multiasset transactions
β Nearly all FTX creditors will get 118% of their funds back in cash
β Wintermute to provide liquidity for Hong Kong Bitcoin and Ether ETFs
β Proposal for Grayscaleβs Ethereum Futures Trust ETF has been withdrawn
π Project Updates:
β Bybit to integrate Ethena Labsβ USDe as a collateral asset, and in bitcoin and ether spot trading pairs
β Hyperliquidx L1 is transitioning to HyperBFT
β Blast introduces Blast Jackpot
β Mode announces Season 2 and S1 details
πToken Unlocks:
HYPC - $23.37M
ENS - $20.51M
LENDS - $1.37M
π On-Chain Moves:
β Ethereum Foundation just transferred 1,000 ETH ($3M) to middle multisign 0xbc9
β Whale 0xf0e (likely Machibigbrother) just swapped 157 ETH ($477K) to 189,435 FRIEND at $2.515 on average:
β Fresh wallet 0xc2f just withdrew 632,810 LINK ($9.02M) from Kraken
π Ongoing Raffles:
β CryptoRank x C4E Giveaway Campaign: $2500 USDT
β CryptoRank x Tanuki $500 USDT Giveaway
ββTop 10 Launchpads by Raised Amounts in April
Fjord Foundry $52.6M
Jupiter LFG $34M
Coinlist $7.13M
Seedify $3.31M
Spores Network $2.51M
Enjinstarter $2.47M
Kommunitas $2.46M
DAO Maker $2.02M
Gate.io Startup $1.9M
GameFi $1.53M
π https://cryptorank.io/fundraising-platforms
Fjord Foundry $52.6M
Jupiter LFG $34M
Coinlist $7.13M
Seedify $3.31M
Spores Network $2.51M
Enjinstarter $2.47M
Kommunitas $2.46M
DAO Maker $2.02M
Gate.io Startup $1.9M
GameFi $1.53M
π https://cryptorank.io/fundraising-platforms
ββπ Primex Finance Raffle on CryptoRank Is Live
Seize the opportunity to with a share of $500 USDT by joining Primex Finance raffle on CryptoRank! 10 winners will get $50 USDT each π
βοΈ The raffle is live and ends on May 22. Act quickly to participate and make sure to thoroughly review the rules!
Participate on the RAFFLE page!
π https://cryptorank.io/earn/quests/primex-raffle
Seize the opportunity to with a share of $500 USDT by joining Primex Finance raffle on CryptoRank! 10 winners will get $50 USDT each π
βοΈ The raffle is live and ends on May 22. Act quickly to participate and make sure to thoroughly review the rules!
Participate on the RAFFLE page!
π https://cryptorank.io/earn/quests/primex-raffle
ββπ¨ BLOCKCHAINS WITH POTENTIAL AIRDROPS
Arbitrum, Optimism and StarkNet airdropped over $1k to each of hundreds of thousands of eligible users. Don't miss these projects!
We have compiled a list of 12 blockchains that will likely distribute airdrop this year!
Read more in our Thread
π https://twitter.com/CryptoRank_io/status/1788267234818719863
Arbitrum, Optimism and StarkNet airdropped over $1k to each of hundreds of thousands of eligible users. Don't miss these projects!
We have compiled a list of 12 blockchains that will likely distribute airdrop this year!
Read more in our Thread
π https://twitter.com/CryptoRank_io/status/1788267234818719863
ββπMarket Overview
Bitcoin trades above $62K. The top-10 cryptos are traded in different directions:
Toncoin +7.32%
BNB +3.17%
XRP +0.20%
Market capitalization: $2.39TT (-0.64%)
The BTC dominance: 50.67% (-0.76%)
Fear & Greed Index: 55 (Greed)
π Top Gainers
Doland Tremp (TREMP) +158.7%
Angola (AGLA) +123.1%
Celsius (CEL) +69%
TARS Protocol (TAI) +42.2%
Frontier (FRONT) +40.4%
π Recent Funding Rounds
Lagrange Labs $13.2M Seed round led by Founders Fund with participation from CMT Digital and 1kx
Owlto Finance $8M Strategic round led by Bixin Ventures and CE Innovation Capital with participation from GSR
NuLink $1.6M Strategic round led by DWF Labs, Poolz Ventures and ViaBTC Capital
Bitcoin trades above $62K. The top-10 cryptos are traded in different directions:
Toncoin +7.32%
BNB +3.17%
XRP +0.20%
Market capitalization: $2.39TT (-0.64%)
The BTC dominance: 50.67% (-0.76%)
Fear & Greed Index: 55 (Greed)
π Top Gainers
Doland Tremp (TREMP) +158.7%
Angola (AGLA) +123.1%
Celsius (CEL) +69%
TARS Protocol (TAI) +42.2%
Frontier (FRONT) +40.4%
π Recent Funding Rounds
Lagrange Labs $13.2M Seed round led by Founders Fund with participation from CMT Digital and 1kx
Owlto Finance $8M Strategic round led by Bixin Ventures and CE Innovation Capital with participation from GSR
NuLink $1.6M Strategic round led by DWF Labs, Poolz Ventures and ViaBTC Capital
ββCrypto Daily News π£
π News:
β VanEck's MarketVector launches $MEMECOIN index
β SEC argues $2 billion penalty against Ripple is needed, slams $10 million counterproposal
π Project Updates:
β Robinhood's Q1 crypto trading volume surged 224% as SEC action looms
β Injective, underperforming in crypto markets, now plans Layer-3 chain on Arbitrum
β BitMEX launches options trading, aims to capture significant market share from Deribit
β Optimismβs Superchain now supports Layer 3 chains via OP Stack
β zkSync βhyperchainβ Sophon raises $60 million via node sale
β Lyra migrated to LDX
πToken Unlocks:
GMT - $22.54M
DAO - $12.62M
GAM3S - $3.75M
π On-Chain Moves:
β Whale 0x1df just further withdrew 6,030 ETH ($18.07M) from OKX
β Fresh wallet 0x2af just withdrew 8M GRT ($2.17M) from Binance
β Fresh wallet 0x4f0 just withdrew 357.34B PEPE ($2.91M) from Binance
π Ongoing Raffles:
β CryptoRank x C4E Giveaway Campaign: $2500 USDT
β CryptoRank x Tanuki $500 USDT Giveaway
β CryptoRank x Primex Finance $500 Rewards Campaign
π News:
β VanEck's MarketVector launches $MEMECOIN index
β SEC argues $2 billion penalty against Ripple is needed, slams $10 million counterproposal
π Project Updates:
β Robinhood's Q1 crypto trading volume surged 224% as SEC action looms
β Injective, underperforming in crypto markets, now plans Layer-3 chain on Arbitrum
β BitMEX launches options trading, aims to capture significant market share from Deribit
β Optimismβs Superchain now supports Layer 3 chains via OP Stack
β zkSync βhyperchainβ Sophon raises $60 million via node sale
β Lyra migrated to LDX
πToken Unlocks:
GMT - $22.54M
DAO - $12.62M
GAM3S - $3.75M
π On-Chain Moves:
β Whale 0x1df just further withdrew 6,030 ETH ($18.07M) from OKX
β Fresh wallet 0x2af just withdrew 8M GRT ($2.17M) from Binance
β Fresh wallet 0x4f0 just withdrew 357.34B PEPE ($2.91M) from Binance
π Ongoing Raffles:
β CryptoRank x C4E Giveaway Campaign: $2500 USDT
β CryptoRank x Tanuki $500 USDT Giveaway
β CryptoRank x Primex Finance $500 Rewards Campaign
ββTop 6 IDO Launchpads by Average ROI in April
WeWay +705%
Ape Terminal +682%
Impossible Finance +608%
Decubate +510%
Polkastarter +475%
ChainGPT Pad +227%
π https://cryptorank.io/ido-platforms-roi
WeWay +705%
Ape Terminal +682%
Impossible Finance +608%
Decubate +510%
Polkastarter +475%
ChainGPT Pad +227%
π https://cryptorank.io/ido-platforms-roi
ββTop 10 Projects by 7D Fees
Lido - $18M
Uniswap - $15.3M
Fantasy.top - $9.6M
Raydium - $6.3M
Aave - $6.1M
PancakeSwap - $5.7M
Maker - $5.1M
Pump - $3.4M
Ethena - $3.1M
Friend.tech - $2.9M
πhttps://cryptorank.io/performance
Lido - $18M
Uniswap - $15.3M
Fantasy.top - $9.6M
Raydium - $6.3M
Aave - $6.1M
PancakeSwap - $5.7M
Maker - $5.1M
Pump - $3.4M
Ethena - $3.1M
Friend.tech - $2.9M
πhttps://cryptorank.io/performance
ββπ Engines of Fury Raffle on CryptoRank Is Live
Seize the opportunity to win a share of $1000 USDT by joining Engines of Fury raffle on CryptoRank! π
βοΈ The raffle is live and ends on May 23. Act quickly to participate and make sure to thoroughly review the rules!
Participate on the RAFFLE page!
π https://cryptorank.io/earn/quests/fury-raffle
Seize the opportunity to win a share of $1000 USDT by joining Engines of Fury raffle on CryptoRank! π
βοΈ The raffle is live and ends on May 23. Act quickly to participate and make sure to thoroughly review the rules!
Participate on the RAFFLE page!
π https://cryptorank.io/earn/quests/fury-raffle
Missed Pendle? These Projects May Repeat Its Success
Pendle Finance has made a significant contribution to the DeFi landscape, outperforming some impressive projects that have been around for a long time. But what helped Pendle to make a perfect fit into the current airdrops narratives?
Read more in our Research
π https://cryptorank.io/insights/analytics/missed-pendle-these-projects-may-repeat-its-success
Pendle Finance has made a significant contribution to the DeFi landscape, outperforming some impressive projects that have been around for a long time. But what helped Pendle to make a perfect fit into the current airdrops narratives?
Read more in our Research
π https://cryptorank.io/insights/analytics/missed-pendle-these-projects-may-repeat-its-success
CryptoRank
Missed Pendle? These Projects May Repeat Its Success | | CryptoRank.io
Pendle Finance has made a significant contribution to the DeFi landscape, outperforming some impressive projects that have been around for a long time. But
ββπMarket Overview
Bitcoin trades above $63K. The top-10 cryptos are traded in green zone:
Toncoin +13.6%
Solana +7.77%
Dogecoin +3.87%
Market capitalization: $2.45TT (+2.69%)
The BTC dominance: 50.80% (+0.27%)
Fear & Greed Index: 66 (Greed)
π Top Gainers
Vertex Protocol (VRTX) +55.8%
Serum (SRM) +41.3%
GMX (GMX) +34.4%
Juice (JUICE) +33.6%
Popcat (POPCAT) +29.3%
π Recent Funding Rounds
UXUY $13.2M Pre-Series A round with participation from Binance Labs, GBV Capital and CMS Holdings
Zeal $2M Strategic round with participation from Gnosis
Telos $1M Strategic round with participation from Presto Labs
Bitcoin trades above $63K. The top-10 cryptos are traded in green zone:
Toncoin +13.6%
Solana +7.77%
Dogecoin +3.87%
Market capitalization: $2.45TT (+2.69%)
The BTC dominance: 50.80% (+0.27%)
Fear & Greed Index: 66 (Greed)
π Top Gainers
Vertex Protocol (VRTX) +55.8%
Serum (SRM) +41.3%
GMX (GMX) +34.4%
Juice (JUICE) +33.6%
Popcat (POPCAT) +29.3%
π Recent Funding Rounds
UXUY $13.2M Pre-Series A round with participation from Binance Labs, GBV Capital and CMS Holdings
Zeal $2M Strategic round with participation from Gnosis
Telos $1M Strategic round with participation from Presto Labs
ββCrypto Daily News π£
π News:
β DCG reports revenue growth amid crypto market bounceback
β Marathon Digital mined $176 million in bitcoin as profit jumped 184% in Q1
β Canadian financial regulator fines Binance 6 million CAD over money laundering violations
π Project Updates:
β Join CryptoRank x Hyperlane Base campaign on Galxe
β Franklin Templeton claims Coinbase-incubated Ethereum Layer 2 Base has βhit a homerunβ in SocialFi
β BlockFi to shut web platform this month, will let users access funds via Coinbase
β Eclipse CEO steps back amid harassment allegations
β GMX is deploying on Solana
β Notcoin TGE announced on May 16th
πToken Unlocks:
CHEELEE - $202.56M
CGPT - $5.5M
SOIL - $5.25M
π On-Chain Moves:
β Fresh wallet 0xb84 just withdrew 6M ID ($4.52M) from OKX
β Two whales linked to Ethena Labs, 0x58f and 0x143, deposited 17.33M ENA ($15M) to Bybit
β The bankrupt crypto lender Genesis Trading deposited $36.45M worth of 34 crypto assets to Gemini
π Ongoing Raffles:
β CryptoRank x C4E Giveaway Campaign: $2500 USDT
β CryptoRank x Tanuki $500 USDT Giveaway
β CryptoRank x Primex Finance $500 Rewards Campaign
β Engines of Fury $1000 worth of $FURY Raffle
π News:
β DCG reports revenue growth amid crypto market bounceback
β Marathon Digital mined $176 million in bitcoin as profit jumped 184% in Q1
β Canadian financial regulator fines Binance 6 million CAD over money laundering violations
π Project Updates:
β Join CryptoRank x Hyperlane Base campaign on Galxe
β Franklin Templeton claims Coinbase-incubated Ethereum Layer 2 Base has βhit a homerunβ in SocialFi
β BlockFi to shut web platform this month, will let users access funds via Coinbase
β Eclipse CEO steps back amid harassment allegations
β GMX is deploying on Solana
β Notcoin TGE announced on May 16th
πToken Unlocks:
CHEELEE - $202.56M
CGPT - $5.5M
SOIL - $5.25M
π On-Chain Moves:
β Fresh wallet 0xb84 just withdrew 6M ID ($4.52M) from OKX
β Two whales linked to Ethena Labs, 0x58f and 0x143, deposited 17.33M ENA ($15M) to Bybit
β The bankrupt crypto lender Genesis Trading deposited $36.45M worth of 34 crypto assets to Gemini
π Ongoing Raffles:
β CryptoRank x C4E Giveaway Campaign: $2500 USDT
β CryptoRank x Tanuki $500 USDT Giveaway
β CryptoRank x Primex Finance $500 Rewards Campaign
β Engines of Fury $1000 worth of $FURY Raffle
ββEngines of Fury Token Sale on Major Launchpads
Engines of Fury holds IDO on several launchpads, including:
πΉ ChainGPT Pad: May 13, raise $250K
πΉ Gate.io Startup: May 13β15; raise $20K
πΉ Ape Terminal: May 7β15; raise $150K
πΉ SidusPad: May 13; raise $150K
π https://cryptorank.io/ico/engines-of-fury
Engines of Fury holds IDO on several launchpads, including:
πΉ ChainGPT Pad: May 13, raise $250K
πΉ Gate.io Startup: May 13β15; raise $20K
πΉ Ape Terminal: May 7β15; raise $150K
πΉ SidusPad: May 13; raise $150K
π https://cryptorank.io/ico/engines-of-fury
ββBase is Most Popular Layer 2 Blockchain in the last 30D
Base - 342K
Arbitrum - 328K
zkSync Era - 311K
Linea - 159K
Optimism - 133K
Scroll - 85K
Blast - 83K
π https://cryptorank.io/tags/layer-2
Base - 342K
Arbitrum - 328K
zkSync Era - 311K
Linea - 159K
Optimism - 133K
Scroll - 85K
Blast - 83K
π https://cryptorank.io/tags/layer-2
ββTop 15 GameFi Projects by 30D Active Users
motoDEX leads with 2.5 million active users in the past 30D, followed by Pixels, PlayEmber and Sweat Economy.
π https://cryptorank.io/categories/gamefi
motoDEX leads with 2.5 million active users in the past 30D, followed by Pixels, PlayEmber and Sweat Economy.
π https://cryptorank.io/categories/gamefi
βοΈCrypto Market Recap: April 2024
- April saw crypto prices plateau after a bullish March, allowing for market stabilization.
- BTC ETF outflows contributed to the market's stagnation, underscoring the ETF's impact.
- Despite recent crypto drops and booming of IDOs, excitement and profitability appear diminished compared to past bull market.
For more insights on April's crypto market performance, read our detailed recap:
π https://cryptorank.io/insights/reports/crypto-market-recap-april-2024
- April saw crypto prices plateau after a bullish March, allowing for market stabilization.
- BTC ETF outflows contributed to the market's stagnation, underscoring the ETF's impact.
- Despite recent crypto drops and booming of IDOs, excitement and profitability appear diminished compared to past bull market.
For more insights on April's crypto market performance, read our detailed recap:
π https://cryptorank.io/insights/reports/crypto-market-recap-april-2024
CryptoRank
Crypto Market Recap: April 2024 | | CryptoRank.io
The sizzling momentum of the crypto market in the first quarter of 2024 swiftly gave way to a rather turbulent April. The market responded unfavorably to the
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