Today’s topics include airdrops, the SEC serving Uniswap with a Wells Notice, Bitcoin ETFs in Hong Kong and the Bitcoin halving.
In the early days, crypto airdrops were a surprise gift of tokens to early adopters, who would each receive as much as tens of thousands of dollars. Yet over time, the awareness that projects may launch tokens through airdrops gave rise to an ongoing battle between projects trying to distribute tokens to their real users and people trying to farm the airdrops.
Another one may be of enriching insiders. Having the ability to decide an airdrop for a potential billion-dollar project is a lot of power. Crypto’s most rapidly growing project Ethena — which is not without its risks — gave part of its airdrop to NFT projects SchizoPosters and Redacted Remilio Babies, communities that two of its core contributors are part of, it noted.
“I keep seeing people tweet about what a stellar go to market strategy Monad has,” Jill Gunter, chief strategy officer at Espresso Systems, mused on X. “But as far as I can tell, the main GTM strategy mostly involves getting its backers to tweet about its great GTM strategy.” The Securities and Exchange Commission has gone after big centralized crypto companies, like Coinbase, Ripple, Binance and others, as well as smaller DeFi projects like Ooki DAO — but this is the first time it has gone after a major established DeFi project: Uniswap.
However, some say this could be good for crypto. I shared the stage with Ledger CEO Pascal Gauthier at Paris Blockchain Week on Thursday and, when asked about this subject, he replied that it might finally get the industry the answers — and the clarity — it has been yearning for.Hong Kong regulators could approve spot ETFs based on bitcoin and ether as early as Monday, Napolitano writes, citing Bloomberg.
Defi Layer 1S Web3 Bitcoin The Pulse Uniswap
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