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Web3 Social App Phaver Announces Launch of SOCIAL Token and Season 1 Airdrop Promotion | Cryptocurrency Trends

John, Bitget Research
2024/05/09
Web3 Social App Phaver Announces Launch of SOCIAL Token and Season 1 Airdrop Promotion | Cryptocurrency Trends

1. Mainstream Exchange Trends:

  • Binance Futures launches a new limited-time promotion for BB. New futures traders and their inviters can grab a share of 42,000 BB.

2. Cryptocurrency Trends:

  • Robinhood, a securities and crypto trading platform, announces its Q1 2024 financial performance, with trading-based revenue up 59% year-on-year to $329 million.
  • Nethermind, an Ethereum ecosystem developer, collaborates with Near and Eigen Labs on an NFFL project to advance chain abstraction.
  • Phaver, a Web3 social app, announces the launch of its SOCIAL token and its Season 1 airdrop promotion. Airdrop claims have opened, but users will temporarily be unable to purchase or trade the token on any platform.
  • Omni Network, an Ethereum interoperability protocol, announces the launch of Omni Octane, an open-source modular implementation of the EVM and CometBFT (formerly Tendermint) consensus engines. Octane is designed to simplify the integration of EVM into any blockchain application.
  • 0x Research says on X that the current crypto bull market cycle will likely be shorter than previous cycles and is unlikely to peak in a broad altcoin rebound.
  • FTX will auction the third tranche of locked SOL tokens on May 9. The amount of tokens to be auctioned is unclear.
  • Coincheck, a Japanese crypto exchange, plans to list on NASDAQ through a SPAC. Coincheck has submitted a proposal for the agreement to the U.S. Securities and Exchange Commission (SEC).

3. Financing Trends:

  • Lagrange Labs, a crypto startup, raises $13.2 million in a funding round led by Peter Thiel's Founders Fund.
  • Electron Labs raises $1 million in seed round funding to create a ZK-proof aggregation layer for Ethereum.
  • Arbelos raises $28 million in a funding round led by Dragonfly with participation from FalcolnX, Circle, Paxos, Polygon, and Deribit.
  • Owlto Finance raises $8 million in strategic round funding co-led by Bixin Ventures and CE Innovation Capital.

4. Regulatory Trends:

  • The U.S. House of Representatives votes to repeal a controversial U.S. Securities and Exchange Commission (SEC) bulletin that establishes accounting standards for crypto custody.
Disclaimer: This content includes third-party opinions, and we do not guarantee its accuracy. Cryptocurrency prices are highly volatile, so please conduct your own research and make judgments accordingly.