The Most Important in Crypto Last Week
EigenLayer Airdrop ($EIGEN)
On October 1st, $EIGEN got listed on all major exchanges after long anticipation.
- The EIGEN token initially rose to $4.39 and has since slumped by more than 20% to $3.57.
- EigenLayer his been hit by criticism after it was revealed that staking rewards received by early investors are not restricted by token lock-ups.
Source | Coinmarketcap
SEC Appeals Federal Court Ruling on XRP Security Case
XRP price fell by 11% Thursday, following the Securities and Exchange Commission’s (SEC) decision to appeal a federal court ruling last year that found $XRP is not a security when algorithmically sold to retail investors on exchanges.
This ruling had been seen as a partial victory for XRP’s developer, Ripple Labs, and the broader crypto industry, with U.S. District Judge Analisa Torres stated in the July 2023 order that the XRP token itself is not a security.
Source | iStock
$XRP is available to trade on Millionero on both Spot and Perpetual markets.
Bitwise files for XRP ETP with SEC
Crypto asset manager Bitwise has filed an initial registration statement with the U.S. SEC for an exchange-traded product for XRP tokens, as it seeks to introduce more crypto products after a landmark regulatory decision to approve spot bitcoin ETF earlier this year.
North Korea has been Infiltrating the Crypto Industry In A Bad Way
CoinDesk identified more than a dozen crypto companies that unknowingly hired IT workers from the Democratic People’s Republic of Korea (DPRK), including such well-established blockchain projects as Injective, ZeroLend, Fantom, Sushi, Yearn Finance and Cosmos Hub.
Source | GETTY
- The workers used fake IDs, successfully navigated interviews, passed reference checks and presented genuine work histories.
- Hiring DPRK workers is against the law in the U.S. and other countries that sanction North Korea. It also presents a security risk: CoinDesk encountered multiple examples of companies hiring DPRK IT workers and subsequently getting hacked.
- “Everyone is struggling to filter out these people,” said Zaki Manian, a prominent blockchain developer who says he inadvertently hired two DPRK IT workers to help develop the Cosmos Hub blockchain in 2021.
$INJ – $FTM – $SUSHI – $YFI – $ATOM are all available to trade on Millionero Spot and Perpetual.
CZ Finally Free
Source | GETTY
Binance founder Changpeng “CZ” Zhao was released from U.S. custody on Friday after serving out his four-month sentence in a low-security correctional facility. CZ’s sentence was the product of a federal investigation that found Binance had failed to stop widespread criminal activity on their exchange.
Grayscale Introduces $AAVE Funds Accessible to Investors
Source | CryptoSlate
“Grayscale Aave Trust gives investors exposure to a protocol with the potential to revolutionize traditional finance,” Grayscale’s head of product and research, Rayhaneh Sharif-Askary, said in a statement.
$AAVE is available to trade on the most simple and easy to use exchange, Millionero on both Spot and Perpetual Markets
Fantom Price Surges After Sonic Labs Announces 200 Million Token Airdrop
Source | Medium
Sonic Labs unveils a deflationary mechanism to airdrop 200,000,000 $S. Users will receive 25% of their S tokens immediately on the airdrop claim date. The remaining 75% has a vesting schedule of 9 months, and can be claimed earlier, but some of the tokens will be burned.
The Interoperability Narrative – Don’t Sleep on It
Source | Axelar.network
Axelar ($AXL) launches Mobius Development Stack for cross-chain interoperability
Axelar’s new infrastructure, announced in an October 3rd Blockworks article, allows developers to connect varios blockchain networks, including Solana, Stellar, and XRP Ledger without the need for bridges. This infrastructure will streamline developers’ processes and enhance cross-chain functionality.
Visa Introduces the Visa Tokenized Asset Platform
Source | Pinterest
Visa has announced the launch of the Visa Tokenized Assets Platform (VTAP). VTAP aims to launch initial live pilots with select customers in 2025. BBVA, Spain’s second largest bank, plans to launch its own stablecoin in 2025 utilizing VTAP.
APTOS $APT!
Aptos announced that Franklin Templeton has launched an on-chain US Government Money Market Fund (FOBXX) on Aptos Network.
Source | Aptos Twitter
You can easily trade $APTOS on SPOT and Perpetual on Millionero Exchange.
Always DYOR
As the cryptocurrency landscape continues to evolve with significant developments like the EigenLayer airdrop and ongoing XRP regulatory battles, staying informed is crucial. Always remember to do your own research (DYOR) before making any investment decisions. For more detailed analyses and updates, visit our blog at blog.millionero.com.
Please note, no information in this blog should be seen as financial advice.