Author: NBTC

Key Points: ZkDai targets active users and contributors for the ZKSync airdrop. User allocations consider eligibility criteria, bridged amount on ZKSync Era, and wallet history. The airdrop mainly focuses on the ZKSync Era, the first ZK chain. ZKSync airdrop eligibility relies on user contribution and activity. 89% is allocated to users meeting criteria, 11% to contributors. Factors like asset holding and blockchain history impact allocations. ZKSync Airdrop Eligibility Criteria Now Unveiled With 89% For Users Recently, ZkDai detailed the eligibility criteria pertaining to the ZKSync airdrop. The airdrop allocation is mostly targeted at real users who would demonstrate the highest…

Ripple Labs has challenged the U.S. Securities and Exchange Commission (SEC) on their $2 billion fine in the ongoing lawsuit. On Thursday, the company’s attorney stated in a “notice of supplemental authority” that the penalty proposed by the SEC is excessively punitive. In addition, they brought the comparison with the recent Terraform Labs settlement, and persuaded the court that the case of Ripple can be justified through a significantly lower fine. Leveraging the Terraform Labs Settlement The Ripple vs SEC lawsuit has witnessed extreme scrutiny as well as high stakes. Therefore, Ripple’s lawyers are now leveraging the recent settlement that…

In 2015, the Ethereum protocol proposed a vision for a decentralized world computer capable of rearchitecting a free and open internet – removed from the whims and constraints of centralized entities. While Ethereum has become the foundation for Web3 as we know it, its growth was underscored by the upgrades that would be required to realize its full potential. As a result, layer 2 has emerged as clear frontrunners in the race to scale the network for mass adoption. Systems using zero-knowledge (ZK) technologies are among the most promising – and their potential isn’t limited to scaling. Mihailo Bjelic is…

Despite the initial enthusiasm surrounding Bitcoin ETFs, financial advisors appear to be taking a cautious approach, according to analysts. The launch of these regulated funds was largely driven by the need to provide a safe investment avenue for wealthy clients interested in Bitcoin. However, six months after launch, the expected popularity among advisors for these funds has yet to materialize. Many advisors remain skeptical of Bitcoin now, as they were before the launch of ETFs. However, this does not mean that ETFs have failed. On the contrary, Bitcoin ETFs have been lauded as some of the most successful ETF launches…

There is a legend that in 1973, US president Richard Nixon and secretary of state Henry Kissinger made a secret deal with Saudi Arabia to price oil exclusively in dollars, thus pegging the currency to oil and birthing the petrodollar. According to the myth, the US provides military protection for Saudi Arabia’s oil fields in exchange for the kingdom’s role in enforcing US dollar hegemony over the world’s most valuable commodity market. Supposedly, the country’s sovereigns signed a 50-year petrodollar pact on June 6, 1974, which expired on or around June 9, 2024. If that were true, this week would…

The Graph’s decentralized data is available now and it is a turning point in data autonomy and the Graph’s decentralization voyage. Almost 6000 subgraphs are available now including AAVE, Balancer, Decentraland, Messari, and Quickswap. The Graph offers incorruptible access to the data on which Web3 is dependent and the network experienced a huge growth in query volume during the times of the Sunrise of Decentralized Data. There has been a massive surge in data service fees for subgraphs and Substreams. The new development is a clear signal of Web3’s growing adoption of The Graph’s decentralized services. The innovative initiative will…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. CAC resolves trade disputes via specialized approach, ensuring platform safety and client protection with brokerage firm membership. Crypto Assets Control (CAC) deals with the resolution of trade disputes based on a specially developed approach to resolving situations in this area under its own rules and international standards. Crypto Assets Control specializes in assessing existing platforms and checking them for relevance and compliance with the rules for introducing such a business. A positive result of such a check indicates the…

In a significant development for blockchain adoption, Allo has partnered with Optimism Collective’s Superchain to tokenize $2 billion in real-world assets. This partnership will enable the $2b in real-world assets to be tokenized, marking a major step in the acceptance of blockchain. The move underscores the growing potential of blockchain, not only as a technology for the forward-thinking present and future, but it also represents a significant step towards building a bridge between conventional financial assets and the digital economy. The Dawn Of Asset Management But this integration of Allo with the Superchain will change the way people manage their…

Crypto markets have seen $12 billion of net inflows year-to-date, the report said. The bank said that the majority of the $16 billion inflow into spot bitcoin ETFs likely came from existing digital wallets on exchanges. JPMorgan said it was skeptical that the pace of inflows will continue for the rest of the year. Digital assets have seen $12 billion of net inflows year-to-date, and if flows continue at the same pace the number could grow to $26 billion by the end of the year, JPMorgan (JPM) said in a research report on Wednesday. Spot bitcoin (BTC) exchange-traded funds (ETFs)…

Polygon (MATIC) has reached an epic milestone in its journey toward community ownership with the kickoff of the Polygon Governance Hub, which will serve as a full-stack governance solution and user interface for the community. The Polygon Governance Hub, created in collaboration with Aragon, allows users and builders to influence the core development of Polygon technology and infuse it with community values. Over the last year, the Polygon community has contributed to the development of a framework for Polygon’s decentralized, community-led governance, with an emphasis on three primary pillars, or governance aspects: Protocol Governance, System Smart Contract (SSC) Governance and…