🦎🚀 Would you rage-quit on your vested airdrop, or stay the course? 🏃‍♀️

Monday, July 15, 2024

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Have a fantastic week ahead, Geckos!

A strong opening for the week might be a good sign for things to come!

In today's news:

Why all the rage? 🐂
Backed by the big boys 🏛️

Read on!

24h Hot Searches Worldwide 🔥

Zignaly (+2.7%)
Toncoin (+1.7%)
LayerZero (+7.1%)
ZKsync (+4.5%)
MAGA (-15.0%)
Notcoin (+5.0%)
Solana (+4.3%)

Which Side Are You On?

Out of every 5 crypto participants, 3 believed that the market had yet to peak for the current cycle and would go up again.

Another 1 believed in the supercycle theory and expected the market to continue its upwards trend.

Why all the rage? 🐂

Decentralized perpetuals aggregator Rage Trade is gearing up for the launch of their native RAGE token.

Out of the total supply of 100M RAGE tokens, 6.5% will be airdropped to eligible users of the protocol's V1 and V2 platforms, as well as spot traders on the Hyperliquid DEX.

Airdrop recipients and early investors are subject to a 3-month cliff, after which they can continue with the standard vesting schedule or utilize the 'Rage Quit' mechanism.

After the initial 3-month vesting period, users can choose to claim 40% of their full airdrop upfront while the remainder is burnt.

On August 7th, users will be able to acquire RAGE through a token sale held on Fjord Foundry.

The Fjord sale will run for 7 days, where 20M tokens will be available for purchase at a fixed price of $0.30.

A portion of the proceeds, along with up to 9M in additional tokens, will be used to seed liquidity during the Token Generation Event that will be held 3 days later on the Hyperliquid Layer-1 network.

Editor's Note:

With the disappointing price action of recent airdrops, it's no surprise that newer launches are implementing mechanisms to alleviate selling pressure and incentivize longer-term holders. While early efforts from projects such as Drift Protocol have shown promise, it will still take several rounds of experimentation for teams to find out what works and what doesn't.

What has Fantom been up to? Review how this layer 1 chain works and its most anticipated developments here!

Watch now

Backed by the big boys 🏛️

Blockchain payments firm Partior has raised $60M in a Series B funding round led by Peak VX Ventures, formerly Sequoia Capital India and Southeast Asia.

According to a press release by Partior, other participants in the round include Jump Trading as well as existing shareholders JP Morgan and Standard Chartered.

With the fresh injection of funds, Patriot aims to continue developing its ledger-based interbank payment rails, which can facilitate intraday forex swaps and just-in-time multi-bank payments.

In fact, DBS, JP Morgan, and Standard Chartered are already using Partior's technology to accept client payments in USD, SGD, and EUR.

What were the best performing coins in Q2 from the top 100 cryptocurrencies by market cap? Find out in today's article.

Learn more

In Other News...

Dropping the Investigation. The U.S. Securities and Exchange Commission has dropped a three-year investigation into Bitcoin L2 Stacks and builder Hiro Systems, which raised $70 million in token sales from 2017 to 2019, according to a Friday filing.
$1B Tokenized Treasury Investment Plan. Crypto lending platform MakerDAO plans to invest $1 billion of its reserves in tokenized U.S. Treasury products, with top players like BlackRock's BUIDL, Superstate, and Ondo Finance lining up to apply.
Is It Over? The German government has emptied its Bitcoin wallets after sending billions to exchanges and market makers in recent days.
Crypto Gains Taxation Pushed Back. Taxation on crypto gains in South Korea, initially scheduled for 2022, is now under discussion to begin in 2028.
Inflows Are Back. Bitcoin ETFs log over $300 million in net inflows, reaching record levels following a six-day streak.
New High. The floor price of original Trump Digital Trading Cards has surged to a new all-time high following a failed assassination attempt against the former U.S. president.

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