infinityhedge

06 May 2024 04:13

More than 90% of stablecoin transaction volumes aren’t coming from genuine users according to Visa data filtering out bots and large traders.

*Out of about $2.2 trillion in total transactions in April, just $149 billion originated from “organic payments activity".

infinityhedge

04 May 2024 15:21

Bitfinex CTO: Potential database breach on bitfinex seems fake: 𝕏

*No breach was found currently.
*Also the KYC platform has heavy rate limiting that would disallow downloading in bulk.

*From leak data, 5k of 22.5k emails are matching with bitfinex users because some users used same email/password on 2 to 7 exchanges. ⚠️

[dear crypto degens pls use different passwords 🙏]

infinityhedge

03 May 2024 19:23

LayerZero: If you are a sybil, you have two options:

– Self-report sybil addresses for 15% of your intended allocation. Deadline is May 17th.
– Do not report & receive nothing.

*Sybil Self-Report:
sybil.layerzero.network
*Sybil Filter Process: details

If you think you are a sybil, you are most likely a sybil.

infinityhedge

03 May 2024 14:32

*US Nonfarm payrolls 175K, Est. 240K
*US Unemployment Rate 3.9%, Est. 3.8%

infinityhedge

03 May 2024 10:54

Dutch police arrested a man in investigation into gambling platform 'ZKasino' and 11.4M+ euros in assets seized: link

Investors were led to believe that they would get their investments back within 30 days. That did not happen. This could indicate a modus operandi called rug pull.

infinityhedge

02 May 2024 22:06

Coinbase BEAT EARNINGS:
*EPS $4.40, EST. $1.07
*REV. $1.64B, EST. $1.32B

infinityhedge

02 May 2024 02:45

LayerZero Snapshot 1 Complete

infinityhedge

01 May 2024 20:42

Powell: unlikely the next move will be a hike

infinityhedge

01 May 2024 20:04

FED says it has not seen further progress returning inflation to 2% target: reuters

infinityhedge

01 May 2024 19:00

Investors in Gensler’s favourite crypto project 'Algorand' are the biggest losers — only 7% of them are in profit: link

infinityhedge

01 May 2024 14:04

Tether sees record net profit of over $4.52 billion in first quarter of 2024: TheBlock | link

infinityhedge

30 Apr 2024 21:00

Binance founder Changpeng Zhao — 'CZ' sentenced to 4 months in prison

infinityhedge

29 Apr 2024 22:08

MicroStrategy Announces First Quarter 2024 Financial Results:

*25,250 bitcoins acquired since the end of Q4 for $1.65 billion, or $65,232 per bitcoin.

*214,400 bitcoin holdings at a total cost of $7.54 billion, or $35,180 per bitcoin, as of April 26, 2024.

*MicroStrategy acquired an additional 122 BTC for $7.8M in April.

infinityhedge

29 Apr 2024 19:07

EigenLayer Tokenomics:
*Total supply at launch: 1.67b.
*Dynamic token supply and emissions not determined yet.

*Stakedrop: 15% (will be airdrop across multiple seasons, 5% in the 1st season)
*Community initiatives: 15%
*R&D & Ecosystem: 15%

*investors: 29.5%
*Early contributors: 25.5%
(1 year lock, followed by 4% per month over next 2 years).

*In the first season, 5% of the token supply will be Airdrop to users based on a snapshot of staking activities taken on March 15, 2024. 90% of the tokens will be claimable on May 10 . The final 10% will be claimable in a second phase of the first season.

*Airdrop for LRT users in Phase 2 of Season 1 after LRT projects submit wallet addresses list to Eigen Foundation.

*Airdrop is linear

*Initially, as the claims begin, the tokens will remain non-transferable for months to allow ample time for decentralization ⚠️

*Engaging in trading/creation of derivatives based on non-transferable $EIGEN, will impact your eligibility for future stakedrop seasons.⚠️

*Check eligibility: claims.eigenfoundation.org

*Claims window: Opens May 10, closes in 120 days on September 7, 2024.

https://docs.eigenfoundation.org/faq/eligibility

*Eigenlayer airdrop excludes USA, Canada, China, many other African, Asian countries and VPN users. ⚠️

infinityhedge

29 Apr 2024 15:26

Avalanche Integrates with Stripe for Crypto Onramping: link

*Retail users can purchase AVAX directly through Stripe.

infinityhedge

05 May 2024 20:29

gm from 'The 7 days'

https://open.substack.com/pub/infinityhedge/p/the-7-days-8d0

infinityhedge

04 May 2024 10:34

Bitfinex team has confirmed that reports of a KYC data leak are false.

infinityhedge

03 May 2024 17:31

Michael Saylor: Ethereum, BNB, Solana, Ripple, Cardano, everything down the stack is just a crypto asset security unregistered, none of them will ever be wrapped by a spot ETF, none of them will be accepted by Wall Street, none of them will be accepted by mainstream institutional investors in this decade.

infinityhedge

03 May 2024 11:55

Fetch ai minted an additional 1.4 Billion $FET tokens to support the ASI Token Exchange Mechanism: link

Conversion ratio:
*$AGIX:$ASI — 0.433350:1
*$OCEAN:$ASI — 0.433226:1
*$FET:$ASI —1:1

infinityhedge

02 May 2024 22:16

Jack Dorsey’s Block to invest 10% of bitcoin Product profit into bitcoin.

*Under the DCA program, Block plan to purchase bitcoin on a monthly cadence utilizing TWAP orders, starting April 2024.

fyi: Federal prosecutors are examining financial transactions at Block. Block processed multiple cryptocurrency transactions for terrorist groups: link

infinityhedge

02 May 2024 03:24

⚠️ Spot Bitcoin ETF's net flow: -$560M

*$IBIT spot Bitcoin ETF Flow: -$36.9m.

[BlackRock ETF sees first negative flow]

*Record outflow for Fidelity $FBTC:191M

infinityhedge

01 May 2024 21:10

Aave Labs introduce Aave v4: Aave to 2030 and Beyond

Major upgrades & expansions proposed under this proposal are:
*Aave V4
*Aave Network
*Cross-Chain Liquidity Layer *Non-EVM L1 deployments
*A fresh new visual identity

infinityhedge

01 May 2024 20:13

*The Federal Reserve announced that starting in June, it will decelerate the pace of its quantitative tightening (QT) program by reducing the monthly redemption cap for Treasury securities from $60 billion to $25 billion, while maintaining the $35 billion cap for agency debt and mortgage-backed securities.

infinityhedge

01 May 2024 20:00

FED LEAVES RATES UNCHANGED

infinityhedge

01 May 2024 17:01

Binance Labs Invests in Movement Labs: link

*6 days ago, Movement Labs raised $38M in Series A led by Polychain: link

*Movement is the first Move-EVM L2 on Ethereum.

infinityhedge

30 Apr 2024 21:13

CZ is the richest person ever to serve time in the US federal lockup since his ownership of Binance — and an estimated $43 billion personal fortune tied to it — remain intact: BBG

infinityhedge

30 Apr 2024 18:43

CZ sentencing hearing started

infinityhedge

29 Apr 2024 22:01

Airdrop has geographic restrictions, but restaking via UI isn't, so users urged to deposit but discouraged from claiming tokens.

*If you hard block VPN use for Airdrop, hard block UI access also when they deposit.

*This goes for every project not just EigenLayer.

infinityhedge

29 Apr 2024 19:02

EigenLayer reveals plan for token airdrop with 15% allocation to stakers: TheBlock

Eigenlayer whitepaper: link

infinityhedge

29 Apr 2024 15:20

How Lazarus Group laundered $200M from 25+ crypto hacks to fiat from 2020 - 2023: ZachXBT