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Your weekly burst of hot blockchain news

Tanja Nechet

News editor

May 29, 2024 at 05:41

Hello, crypto pioneers! We’ve got some electrifying updates and insights for you. Let’s dive in!

🪂 Unexpected SEI’s move…

Sei is giving away the second part of the drop. A total of 43000 wallets are under the drop, which will distribute a pool of 27.4 million $SEI tokens. A total of $200, $3,000, and $6,000 $SEI can be received. The link to the drop’s stigma is here.

Allocation distribution:

  • SEI Stakers;
  • LST $iSEI and $stSEI holdings;
  • Holders of 2+ NFT collections from the top 8 by volume.

⚡Attention! Twitter (X) of the Base project has been hacked

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👛 Kathy Wood predicted El Salvador’s GDP to grow tenfold

ARK Invest CEO Katie Wood said that El Salvador’s GDP will grow tenfold by 2029. The reason for this will be the introduction of AI and Bitcoin during the presidency of Nayib Bukele. 

She also stated that Bukele is “incredibly knowledgeable” and urged to keep an eye on him and El Salvador.

🙏 ZK Steaking (Polyhedra) will launch on June 10

As a reminder, Polyhedra has promised to launch Staking ZK with veZK receiving such bonuses in return:

  • governance (voting rights);
  • economic security;
  • Additional bounties.

Stakers will participate in collaborative decision-making via voting. And will also receive rewards from partners.

🤡 A US court has penalized the SEC $1.8 million

The District Court of Utah (USA) has closed the DEBT Box case. Federal Judge Robert Shelby dismissed the US Securities and Exchange Commission’s (SEC) lawsuit against the organization.

The SEC will also pay a penalty of $1.8 million in court costs and attorneys’ fees.

🔑 Key crypto market highlights (May 29-June 5)

💵 Ideas

[1] 🔔 Is the drop from DeBank close at hand? 

DeBank is a Web3 messenger and portfolio tracking platform that covers all EVM blockchains, tracks fund flows, and NFTs, and shows activity in different DEFI protocols. With this product, you can keep track of any wallet in the Web3 space. 

The project has raised $25M from Sequoia Capital, DragonFly Capital, Coinbase Ventures and others. 

A table with 40,000 addresses that were supposedly supposed to receive a drop from DeBank appeared in the chats, but the project denied this list and said that the team is still in the process of discussing and forming rules for the snapshot.

Also, a post asking “Are we ready for a snapshot?” hangs in the Twitter profile. Those clueless might mean that snapshot may be announced soon.

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[2] 🔔 Key movements for MEME: breakout or rejection ahead?

Based on MyCryptoParadise_Nathan’s technical analysis, Memecoin(MEME) is at a critical juncture. If it breaks through the current supply zone, we could see a significant upward movement. However, if it faces rejection and falls back to the demand area, it may need to gather strength for another attempt. A drop below the demand area could lead to further declines, but historical trends suggest a potential bounce back from key support levels. It’s crucial to monitor MEME’s price action closely to make informed decisions.

  • Current supply zone: 0.0313 to 0.0327.
  • Potential test zone: 0.026. 

*Any technical analysis, in the long run, cannot accurately predict the movement because now is a very tough market and the news can swing currencies in all directions.

[3] 🔔 Apeiron Guild Wars 2024

Team Apeiron, the Web3 game, has announced Apeiron Guild Wars 2024 with a prize pool of over $1M. Apeiron Guild Wars 2024 will be divided into two parts. Registration has already started and will last until July 2, to join you need to fill out the form. Apeiron pleases with good statistics, for example, recently the daily number of unique active wallets does not fall below 70K. This makes the game the third most active game on Ronin and the 15th on all networks.

The team also launched an in-game token ANIMA, which is traded on Kattana (Ronin DEX) and is required for the Win2Earn model.

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