Key Highlights
- DOG•GO•TO•THE•MOON Rune surges 43.84% to $0.0032.
- Ethereum Foundation transfers 1,000 ETH ($3M) for potential grants.
- Zeta Markets allocates 1% of token supply to Solana projects like Jupiter.
- "Big Short" investor calls crypto one of three "great themes" of the era.
- 10x Research warns current bull cycle may be shorter than past ones.
Price Watch
- Ethereum briefly dipped below $3,000 (-2.57% daily).
- Bitcoin reclaimed $63,000 before settling at $62,947 (-0.5%).
- Meme coins broadly declined, with WIF dropping 14.46%.
- FTT rallied 19.16% to $1.92.
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Trading Insights
- Ethereum Foundation moved 1,000 ETH to a multisig address (likely for grants).
- Kronos Research hacker laundered ~700 ETH via Tornado Cash.
- Amber Group deposited 500K LDO ($980K) to Coinbase.
- A whale accumulated 6,530 BTC ($411M) since March 21.
Project Updates
- Zeta Markets airdropping 10M Z tokens to Solana projects including Jupiter and Tensor.
- Starknet unveiled 20 seed grant recipients focusing on DeFi and gaming.
- Vitalik Buterin proposed an EIP-3074 alternative for smart contract wallets.
- BounceBit to distribute $8M in yields on May 13.
Market Analysis
10x Research notes:
"This bull cycle may lack the broad altcoin rally seen historically, constrained by $2B+ in upcoming token unlocks."
Additional Data:
- Hong Kong BTC/ETH ETFs traded $2.63M collectively.
- OpenSea’s ETH NFT volume plummeted 99% from peak levels.
FAQ Section
Q: How can I participate in Zeta Markets’ airdrop?
A: Hold tokens from eligible Solana projects (e.g., Jupiter, Tensor) – no direct action required.
Q: Why is 10x Research bearish on altcoins?
A: Massive token unlocks (e.g., $2B+) could suppress prices.
Q: What’s next for Ethereum’s upgrades?
A: zkSync’s May 13 update will introduce P256Verify and Bridgehub for interoperability.
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Regulatory News
- Binance aided Dutch authorities in arresting ZKasino fraud suspects.
- Hong Kong SFC warned against Quantum AI’s deepfake scams impersonating Elon Musk.
- SEC accused Ripple of "downplaying its liability" in final response.