Thursday, January 25, 2024
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| Civil War ⚔️
The crypto space is never short on drama.
Just last October, LayerZero had gone ahead and launched their own bridge for Lido's staked Ether product (stETH) without getting the green light from the Lido DAO.
Normally, this would be fine as Lido had used other bridges in the, with some of them also launching ahead of the official DAO vote allowing them to do so.
However, it seems that LayerZero's marketing tactics may have rubbed some DAO supporters the wrong way by passing themselves off as Lido's official partners before the DAO fully agreed.
This week, their displeasure materialized into a resounding 81% of votes favoring a bridge proposal from LayerZero's rivals, Axelar and Wormhole, in a recent temperature-check poll, while LayerZero's competing proposal received just 5%.
Should the official vote go the same way, Axelar, and Wormhole's bridge will become the de-facto 'official' bridge for transferring stETH to the BNB Smart Chain.
Editor's Take:
While it's great to see more bridges competing against each other to provide better services and access more token volume and fees, it does seem strange that such circumstances would arise from a dispute rather than based on what's best for the project. In either case, fighting over BNB Smart Chain does seem a little dubious, but who knows? | | | Many brands from various industries have continued venturing into Web3 despite the bear market - learn about the top ones in this video! | | | Not going Satoshi's way 📉
One of the newly launched trending coins in the Bitcoin Layer-2 space, SatoshiVM, has plunged by as much as 38.7% from $10.25 to $6.26 following a dispute between one of its key advisors and the fundraising platform ApeTerminal.
After a controversial token launch last week, CT influencer 'MacnBTC' who claims to be one of SatoshiVM's advisors, has accused ApeTerminal of rigging the SatoshiVM IDO by giving all 210,000 SAVM token allocations to their own team members instead of randomly selected participants.
Here's a summary of the arguments between both parties:
MacnBTC Initially claimed that out of the 200,000 that applied for the SatoshiVM IDO, only 10 winners were chosen, with all of them being ApeTerminal team members. Later reposted further analysis from another CT influencer, 'bx1', claiming that half of those wallets have similar sell patterns and timings. On top of that, the ApeTerminal team also kept a 25% fee.
ApeTerminal MacnBTC has since refuted those claims, and the CT influencer mentions that they will soon publish their findings. | | | Technical analysis is used in financial markets to predict future assets' price movements by analyzing historical market data. In today's guide, we'll cover two ways to easily import historical Bitcoin price data into Google Sheets. After which, we'll identify support and resistance levels and perform a technical analysis of Bitcoin, to develop a Bitcoin price prediction for the upcoming halving. | | | | | 🦎Tell us what you think! We've just revamped our newsletter with a new and fresh format!
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