🦎🚀 Is zkSync ready to launch the next big airdrop? 👀

By rahmat hidayat

Monday, May 20, 2024

Don't miss out on the juiciest news in the crypto space! Stay in the loop to ensure that you receive our latest newsletters, right in your inbox! Have a great start to the week, Geckos!     While Bitcoin is starting to relax, it seems like the altcoins are coming out to play!    In today's news:   Good news for Gemini ⚖️ Is zkSync next? 🪂   Read on! 24h Hot Searches Worldwide 🔥 Pyth Network     (+1.7%) PONKE               (+28.1%) Solana                  (+2.1%) Ondo                     (-3.6%) Celestia                 (-6.8%) dogwifhat             (+4.6%) Pepe                      (-0.3%) What Are Blockchains' Actual Processing Speeds?   Solana & Sui have established themselves as the fastest large chains, recording peak daily average real TPS of 1,504 and 854, respectively.   Across these largest chains, non-EVMs are 3.9 times faster than the EVMs on average. Read more Good news for Gemini ⚖️   The US courts have approved Genesis' bankruptcy plan.   Despite opposition from their parent company, Digital Currency Group, the defunct crypto lender that saw their demise during the collapse of Terra Luna and 3AC, may now proceed to return $3B in cash and assets to debtors.   One of those debtors happens to be the crypto exchange Gemini, allowing customers of its Earn program to start receiving their owed assets from June 2024 onwards.   Around 97% of debts owed to Gemini Earn, customers will be initially repaid in kind rather than in US dollars.   In other words, users will get back the same type of assets that they deposited rather than the converted value of those deposits.   This approach by Gemini sets it apart from FTX's response, which has left creditors frustrated since the value of their owed assets has risen significantly since the exchange's collapse.   Editor's Take: Even if they didn't have the right assets, Gemini's decision to go the extra mile to give back customers what they are really owed is commendable, and other platforms should strive to emulate their response. With that said, a new wave of repayment plans is scheduled to begin really soon, so expect some volatility as creditors decide what to do with their newly returned funds.   Want to dip your toes into the Sui ecosystem but don't know where to start? Check out the leading protocols on the network in this video. Watch now Is zkSync next? 🪂   The popular zkSync Layer-2 network has hinted at the launch of its governance token at the end of June. According to a recent announcement on X, the v24 protocol upgrade of zkSync will be the last one before network governance is passed to the community. Additionally, the team mentioned that the 'remaining missing pieces are expected to be in place by the end of June.' Based on data from DeFiLlama, TVL on zkSync has increased by 3.6% from $137M to $142M since the announcement. 35% of TVL is currently concentrated on the native DEX, SyncSwap, with over $49M in deposits.     What is Ethena? Learn about the project behind USDe, a synthetic dollar backed by crypto assets. Learn more In Other News...   Pausing Self-Reports. LayerZero Labs CEO announces pause of Sybil 'bounty-hunter' process after influx of reports.   Can't Run From the Law. Prosecutors arrest two for laundering $73 million in 'pig butchering' scheme.   CBDCs. The Hong Kong Monetary Authority announced that users in Hong Kong can now set up personal e-CNY wallets for cross-border payments.   13 out of 25 of the biggest U.S.-based hedge funds held spot BTC ETFs at the end of March, according to data from Bitcoin brokerage River.   Gift Worth $7M. Telegram founder Pavel Durov holds 1% of Notcoin, valued at $7M. This comes after more than 552K players donated a share of their in-game coins back in February.   Only in Crypto. Meme coin Pacmoon rewarded one user with a hefty airdrop, which was bigger than expected thanks to a pal's costly mistake. 🦎Tell us what you think!   We've just revamped our newsletter with a new and fresh format!   Whether you're a long-time subscriber or just passing by, do let us know if you like the changes and what we can improve on! Let us know

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