🦎🚀 Keep The Airdrops Coming 🪂

Friday, January 26, 2024

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In today's news:

Uncle Sam About to Cash in on Its Crypto Gains 🇺🇸
Layers of Airdrops 🪂

Read on!

24h Hot Searches Worldwide 🔥

AltLayer (+5.1%)
Manta Network (-2.2%)
Celestia (-0.7%)
Ondo (-7.8%)
Pyth Network (+1.3%)
Bittensor (-3.7%)
Sui (-2.0%)

2023 Annual Crypto Industry Report

Dive into our comprehensive 2023 Crypto Industry Report which covers everything from the crypto market landscape.

Uncle Sam About to Cash in on Its Crypto Gains 🇺🇸

The United States is set to auction off approximately $117 million worth of Bitcoin (BTC).

This comes following the recent sentencing of Ryan and Joseph Farace for money laundering conspiracy connected to the Silk Road dark web marketplace.

The Justice Department successfully recovered over 2,933 BTC, from the Farace family.

Ryan was previously convicted in 2018 for manufacturing and selling Xanax pills through the Silk Road, during which he received over 9,138 BTC ($364 million). However, Ryan forfeited a mere 24 BTC in 2020, claiming he had no access to the rest.

Ryan then instructed the elder Farace to transfer 2,874 BTC to a third party accomplice. In the end, Ryan was sentenced to an additional 54 months in prision, while Joseph received 19 months, to be followed with two years of supervised release.

Editor's Take:

The US Government is one of the largest Bitcoin whales, with the majority of its holdings stemming from the Silk Road seizure. Since 2020, it has seized at least 215K BTC, including a 94K seizure from the Bitfinex hackers. These assets are periodically sold off, sometimes through different channels. These events are usually closely watched as it could be a source of selling pressure in the market. In this case, the BTC will be auctioned off, so it's unlikely that we'll see any impact on the price, as it's not being sold on the open market.

Liquidity and volume are two highly related, but different, concepts to understand when it comes to markets. Learn about their relationship, differences, and importance in this video!

Watch now!

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Layers of Airdrops

AltLayer's token ALT has gone live, and is now trading on exchanges. Not only that, it has also set aside 300 million ALT or 3% of its supply, for its 'Airdrop Season One'.

The airdrop is already claimable by certain eligible users. Here are the communities eligible:

AltLayer NFT Holders
Altitude Campaign Participants
EigenLayer Restakers
EigenLayer Ecosystem Partners
Celestia (TIA) Stakers

All participants above are now able to claim the tokens, except TIA stakers. Token claiming for this group will be available at a later date. The claim period is set to close on February 25, 2024, so be sure to claim your tokens before the deadline!

If you didn't qualify for the airdrop, not to worry, as there are set to be future rounds of ALT airdrops and incentives.

What is GambleFi, and how does it allow users to 'own' a piece of the house? Find out in today's article, brought to you by Rollbit.

Learn more

In Other News...

Timeline is set. The next two steps of the long-awaited Ethereum upgrade, known as the Sepolia and Holesky testnets, are due to be completed by early next month. This means that the upgrade should be live on the mainnet by March.

It is the Year of the Dragon! Gamified Bitcoin accelerator 10n8 Little Dragon has raised $1.5 million in a fundraising round that lasted 72 hours.

WEN token? Over a million wallets are eligible for Solana meme coin airdrop.

Pixels giveaway! Free NFTs, Ronin tokens and coupons for a free in-game VIP membership, which usually costs $10 per month to unlock premium benefits.

IOTA rises from the dead. Dominik Schiener, IOTA's cofounder, confirmed during an Ask Me Anything (AMA) yesterday on the launch of IOTA EVM, attracting significant attention from market watchers.

Repayments incoming? Celsius moves $1B in Ethereum to centralized exchanges.

Crypto infrastructure firm Axiom raised $20 million in Series A funding. Axiom allows smart contract developers to access historical data from Ethereum and then perform intensive computations off-chain.

Pyth stakers exceed 110K. This is more than a 10x increase since the start of December, where the number of Pyth token stakers was under 10,000.

RWA giant Centrifuge integrates with the Celo blockchain. Tokenized Treasury bills and carbon credit pools will be introduced to the Celo ecosystem following the integration.

This week's top trending coins!

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