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Rhythm Morning News|A summary of important news from last night and this morning on May 27

BlockBeats2024/05/27 02:41
By:BlockBeats

ZhuSu: Ethereum is expected to dominate the market in the next 90 days

On May 26, ZhuSu, the former founder of Three Arrows Capital, wrote, "This weekend is an important turning point. Reduce holdings of TAO and MKR, buy LDO ($2.48) and BLUR ($0.467)


Sell SOL $165 / buy ETH $3,800 (exchange rate 0.0434), target below 0.03

Sell BTC $69,200 / buy ETH $3,800 (exchange rate 0.055), target 0.07+


I think we will usher in a 90-day Ethereum-dominated market."


Trump: Ensure the future of cryptocurrency and Bitcoin is in the United States, not expelled overseas

On May 26, former US President Donald Trump delivered a speech at the Libertarian Party National Convention in Washington, DC, promising to ensure the future of cryptocurrency and Bitcoin is in the United States, not expelled overseas. He said he would support the self-custody rights of 50 million cryptocurrency holders across the country, and vowed to prevent Elizabeth Warren and her supporters from intervening in Bitcoin after winning the votes. In addition, Trump firmly opposes the creation of a central bank digital currency.


BB breaks through $0.7, setting a new record

On May 27, according to market information, BounceBit (BB) broke through $0.7 and is now quoted at $0.7167, with a 24-hour increase of 32.13%, setting a new record.


This week's unlocking data: OP, SUI, ENA, etc. will all have large amounts of tokens unlocked, with a total value of approximately $380 million

On May 27, Token Unlocks data showed that 13 projects will have a one-time large amount of token unlocking this week, with a total value of more than $380 million. Among them:


Nym (NYM) will unlock approximately 25 million tokens at 8:00 on May 27, accounting for 3.26% of the current circulation, with a value of approximately US$4.05 million;


Yield Guild Games (YGG) will unlock approximately 16.69 million tokens at 10:00 pm on May 27, accounting for 4.49% of the current circulation, with a value of approximately US$16.94 million;


SingularityNET (AGIX) will unlock approximately 8.71 million tokens at 8:00 on May 28, accounting for 0.68% of the current circulation, with a value of approximately US$8.14 million;


Echelon Prime (PRIME) will unlock approximately 1.66 million tokens at 8:00 on May 31, accounting for 4.23% of the current circulation, with a value of approximately US$31.66 million. Optimism (OP) will unlock approximately 31.34 million tokens at 8:00 on May 31, accounting for 2.88% of the current circulation, with a value of approximately US$79.61 million; Tornado Cash (TORN) will unlock approximately 92,000 tokens at 11:30 on May 31, accounting for 2.41% of the current circulation, with a value of approximately US$240,000; Manta Network (MANTA) will unlock approximately 1.87 million tokens at 7:59 on June 1, accounting for 0.74% of the current circulation, with a value of approximately US$3.19 million; 1inch (1INCH) will unlock approximately 98.74 million tokens at 8:00 on June 1, accounting for 8.52% of the current circulation, with a value of approximately US$41.32


dydx (DYDX) will unlock approximately 33.33 million tokens at 8:00 on June 1, accounting for 11.91% of the current circulation, with a value of approximately 67 million US dollars;


Sui (SUI) will unlock approximately 65.08 million tokens at 8:00 on June 1, Beijing time, accounting for 2.78% of the current circulation, with a value of approximately 68.07 million US dollars;


ZetaChain (ZETA) will unlock approximately 5.29 million tokens at 8:00 on June 1, accounting for 1.99% of the current circulation, with a value of approximately 7.99 million US dollars;


Acala (ACA) will unlock about 27.43 million tokens at 3 pm on June 1, accounting for 2.85% of the current circulation, worth about $2.77 million;


Ethena (ENA) will unlock about 53.6 million tokens at 7 am on June 2, accounting for 3.62% of the current circulation, worth about $49.33 million.


PEPE breaks through $0.000016, setting a new record

On May 26, according to OKX market data, PEPE broke through $0.000016 and is now quoted at $0.000016178, up 5.76% in 24 hours, setting a new record.


Affected by Trump's promise to pardon the founder of "Silk Road", FreeRossDAO (FREE) rose by more than 200% in a short period of time

On May 26, according to CoinGecko market information, due to former US President Donald Trump's promise to pardon "Silk Road" founder Ross Ulbricht at the Libertarian Party National Convention held in Washington, DC, FreeRossDAO (FREE) rose by more than 200% in the past half hour and is now quoted at $0.0003698.


Ulbricht was sentenced to two life sentences plus 40 years in 2015 for creating and operating the "Silk Road" dark web market, which is actually a life sentence without the possibility of parole. "Silk Road" operated from 2011 to 2013 and was mainly used for anonymous drug trading. Trump said that Ulbricht has served 11 years in prison, "We want him to go home."


Ordinals development platform TurtSat: Looking for other teams to take over the project

On May 27, Ordinals development platform TurtSat said on its social platform that the team has encountered some unforeseen challenges recently, which has affected the normal operation and development of the project. The team is in contact with several teams and is looking for other teams to take over the project.



friend.tech co-founders posted that they were "excluded by the Base community" and intended to move out of Base

On May 27, Racer, co-founder of the friend.tech protocol, expressed his intention to migrate friend.tech from Base on his social platform. At the same time, Racer said that the relationship between the friend.tech team and Base has been unstable and said that they were "excluded by the Base community." As of press time, the X account posted by Racer is temporarily inaccessible.


In response, Jesse Pollak, head of Base at Coinbase, admitted that the friend.tech team felt "isolated and disconnected" from Base and some parts of the Ethereum ecosystem. Pollak said: "I would be sorry if the team decided to leave Base, but I would respect and support any path - this is the beauty of decentralized, on-chain economy." (The Block)



LayerZero co-founder: The witch appeal window will be closed within 24 hours

On May 27, LayerZero co-founder and CEO Bryan Pellegrino said on the X platform at 4 am today that the witch appeal window will be closed within 24 hours.


Previously, on May 19, Bryan said that the addresses that were mistakenly reported as witches in the LayerZero airdrop could appeal by filling out the form.


The account of well-known trader GCR X was stolen this morning, and a tweet of "heavy position in ORDI" was posted, causing ODRI to rise in the short term

On May 27, the account of well-known trader GCR X @GCRClassic was stolen. The hacker posted a message of "bullish and heavy position in ORDI" through his account, causing ODRI to rise from around 38 USDT to 44.5 USDT in the short term and then fall back.


GCR is a legendary whale trader who became famous for publicly betting 10 million US dollars with Luna founder Do Kwon, believing that the price would be lower than the current price within a year and shorting it.



Normie: Accept the attacker's proposal to return 90% of the stolen ETH, and the attacker can keep 10% as a reward

On May 26, Base Ecosystem Meme Coin Normie tweeted that it had accepted the attacker's proposal to return 90% of the stolen ETH and allowed it to keep 10% as a reward. All ETH from the developer wallet will be used to resolve the incident and assist in the project restart.


Previously, the attacker proposed to return 90% of the stolen ETH through on-chain information and retain 10% as a bug bounty, provided that he would not be held accountable. At the same time, the attacker requested that this part of ETH and 600 ETH in the developer wallet be used to fairly issue new tokens to compensate NORMIE holders.


Arbitrum Community "200 Million ARB Game Catalyst Plan" Proposal Has Been Opened for On-Chain Voting

On May 26, the Arbitrum Community "200 Million ARB Game Catalyst Plan" Proposal has been opened for on-chain voting. The proposal aims to provide Arbitrum ecological games with a three-year, totaling 200 million ARB incentives. The goal is to power the Arbitrum game ecosystem through studios and games in the Web3 industry. Voting will end in 12 days.


Stargate Foundation launches LayerZero token distribution plan vote, focusing on rewarding bridge users and STG stakers

On May 26, the Stargate Foundation launched a proposal vote on the distribution of LayerZero tokens. The proposal stated that the Stargate community will distribute LayerZero tokens to three categories of users: cross-chain bridge users, liquidity providers (LPs) and veSTG holders.


The specific allocation ratio is:


60% is allocated to cross-chain bridge users, of which 42% is allocated to users based on bridge transaction volume, and 18% is reserved for cooperation agreements for nested RFP process.

20% is allocated to veSTG holders, weighted based on time and quantity.

10% is allocated to liquidity providers, weighted based on the time and amount of liquidity provided.

10% is allocated to developers for future budgets, including marketing and community activities.


In addition, the proposal also includes the allocation of LayerZero tokens obtained by AptosBridge, 90% of which are allocated to users who use AptosBridge and 10% to cooperation agreements that promote the development of AptosBridge.


The vote will end on May 29 and has currently received 93.08% support.



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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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