Eigen Foundation Revises Airdrop, Friend.tech Reevaluates Fees, Supercell Backs Gaming Startup

M6 Labs Alpha Bytes🚨: 3rd May

GM Anon! ☕

In today’s Alpha Bytes 👇

Eigen Foundation Airdrop Revision: Adjusted allocations in response to community feedback concerning fairness and transparency.

Friend.tech Token Drama: A major token holder's sale leads to reconsideration of their 1.5% resale fee policy, highlighting a conflict with their anti-venture capital ethos.

Supercell invests in "Games for a Living": known for its large player bases, continuing its support for gaming innovation alongside successful titles like Clash of Clans.

BTC $61,485 (+5.1%), ETH $3,047 (+2.8%), SOL $142 (+4.5%)

Crypto News 📰

  • EigenLayer to cough up 28 million more EIGEN after airdrop backlash, adds 100 EIGEN tokens to planned airdrop amid criticism

  • Friend.tech v2 airdrop could see introduction of non-transferable token. Is it because of mass-dumping by this whale? More here

  • Clash of Clans maker Supercell invests in crypto gaming startup 

  • Crypto market selloff was driven by retail investors: JPMorgan 

  • Bitcoin nears $60,000 as altcoins recover 

  • Crypto leaders should stop flirting with CBDCs

  • Pantera Capital invests in TON blockchain as it looks to capitalize on Telegram users 

  • The state of crypto is anything but strong 

  • PayPal expands crypto offering with MoonPay integration 

  • Block plans to reinvest 10% of profits into Bitcoin each month 

  • How crypto regulations are changing around the world 

  • JPMorgan cautious on crypto as retail investors dump following ETF hype 

  • Coinbase posts soaring profits following jump in crypto prices 

  • Fear and Greed index falls back to fear for the first time since October 

  • Senator Warren warns national security chiefs about Iranian crypto mining 

  • Whales move 36K ETH as price regains momentum 

  • Tether announces partnership with Chainalysis to tackle illicit activity 

  • Bitcoin miner Stronghold explores sale after halving

  • Jito price jumps after topping Solana DeFi protocols 

  • Bulletproof Cadillac, Butler, $1.5 million Titanic watch, FTX execs continue lavish spending  

  • ZKasino scam suspect arrested, $12.2M seized by Dutch authorities 

  • Bitcoin price chart seen mirroring spot Bitcoin ETF launch pattern 

  • Memecoins’ mass appeal makes them valuable to decentralized exchanges 

  • “Mr 100” buys the Bitcoin dip for the first time since halving – Is the BTC bottom in?

  • Bitcoin and Ether options worth $2.4 billion set to expire on 3rd May 

  • Community split on ENS petition against Unstoppable Domains patent 

  • Crypto exchanges to meet Nigerian SEC Chief for regulatory talks 

  • Bitcoin bottom in, now headed for a “slow grind higher”: Arthur Hayes 

  • UK government calls for action on AI copyright, market competition 

  • Nigerian fintechs crackdown on crypto, users face account blocks 

  • Former FTX executive Ryan Salame to give up $5.9 million Bahamas property 

  • US Senators, FBI are not opposed to crypto privacy: Railgun contributor 

  • Terraform claims SEC offered no evidence for $4.7B in disgorgement 

  • Binance wallet announces support for Bitcoin Atomical ARC-20 assets 

  • US lawmakers urge SEC to approve Bitcoin options trading 

  • NFTs merge art with technology to preserve cultural treasures 

  • Nigerian court postpones money laundering trial of Binance executives 

  • Binance ties SAFU fund to USDC 

  • Stacks active accounts reach record high amid growing interest in Bitcoin DeFi

  • Kraken’s CF Benchmarks hits 50% dominance on crypto ETF market 

  • April’s crypto crime roundup 

  • Aave community to review small-cap stablecoins on Aave v2

  • Mark Cuban, Kevin Durant, Steve Aoki among top crypto-invested celebrities 

  • BASE joins meme frenzy as BRETT token takes off 

  • Expert tips Solana price to rally 300% in 2024 

  • Meme coins outperforming the market 

  • Australia court sets precedent for crypto in non-cash payments 

  • Electric Coin Company distances itself from direct funding of Zcash

  • BlackRock says sovereign wealth funds, pension funds, and endowments will trade spot Bitcoin ETFs soon

  • Redstone network launches 

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Project Updates🔥👷🏼‍♂️

Interesting Threads🧵


  • BAXUSco raises $5 million seed led by Multicoin Capital 

  • PlayShadowWar (Social) - $5 million Series A led by Momentum 

  • MitosisORG (DeFi) $7 million seed led by Amber Group, Foresight Ventures 

That's all for today. We hope our crypto news helps you make informed decisions.

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