Miner Market Cap Record High, New Web3 Incubator, Market Mostly Down: Today's Crypto Canary Chirps

Our Canary brings today’s exciting news. Binance Labs launched new incubator, BTC miner market cap hit record high, Solana Labs launches Bond. Meanwhile, market was mostly down due to Federal Reserve’s announcement last week and nftperp allegedly got hit with another bug.

Follow our Canary's lead on the Alpha adventure and take advantage of our Alpha Offerings and project announcements!

Alpha Offerings

Seize your daily airdrop rewards, guided by our Canary's discovery!

1. BRKT | MOVE TestNet Interaction

   Potential: $1000 - $3500

   Here is a step-by-step process:

   • Go HERE

   • Connect with Metamask since RazorWallet is not supported yet

   • It should switch you to Move - EVM M1 DevNet

   • If it doesn’t, you can add it manually

   • Get some MOVE devnet tokens at the faucet

   • Then bet on some competitions here, more the merrier

   • If you have any challenges, ask on their Telegram

2. B3 | Testnet Interaction

   Potential: $700 - $1500

   Here is a step-by-step process:

   • Claim Base Sepolia here

   • Claim devnet tokens from the faucet by playing the game

   • Go here

   • Connect with metamask

   • Bridge to B3 Testnet here

   • Bridge Base Sepolia to B3

   • Bridge B3 to Base Sepolia

   • Claim OAT here

Meme of the Day

Explaining BTC

How I think I look:

How I actually look:

Market Movements - 25 Apr 2024

Most cryptocurrencies fell over the weekend after Federal Reserve trimmed interest rate cut expectations last week.

Bitcoin edged down by -1.9% to $65,335.18, while Ethereum experienced a decline of -2.3% to $3,502.03. BNB dipped by -1.54% to $599.28, and Solana slipped by -3.18% to $142.53.

Movers and Shakers

In the last 24 hours, the top gainers were XRP (+5.4%) and Tron (+1.39%). The top loser was zkSync (-20.35%), which had a major unlock today so investor took profit. StarkNet was down -12% and Injective -12.37%.

Project Updates

1. ZKSync will be listing on multiple exchanges today including Binance

   Read more here

2. Oku Trade now supports 8 bridges

   Read more here

3. ZetaChain announced the first round of XP airdrops, which will distribute 10m ZETA

   Read more here

4. Sophon Farming opens June 18th

   Read more here

Hall of Fame, Hall of Shame

nftperp Hit with Another Bug after One was Found Last Week

@punksOTC is warning users of a new bug in nftperp. Last week the project had come across a critical bug and had paused all contracts.

Read more here and here

American Crypto Entrepreneur alleges Torture in Dubai

Edel Hsieh from California has alleged that Dubai police tortured him into signing a confession. Hsieh had moved to Dubai in 2022 to work on Fomodex, a crypto exchange now out of business and has been in a dispute with HyperVerse CEO Sam Lee.

Read more here

What moved in the Crypto World Today

US Listed BTC Miners Hit $22.8B Market Cap: JP Morgan

According to a report published by JP Morgan, the aggregate market cap of the 14 U.S.-listed bitcoin mining stocks hit a record high in June. Notably, the miners have outperformed the BTC itself.

Read more here

BNB Chain and Binance Labs launch BNB Incubation Alliance

BNB and BInance Labs have launch a new incubator with the winning projects fast tracked into Binance’s Most Valuable Builder program, BNB chain grants and Launch as a Service package.

Read more here

Solana Labs launches Bond, a loyalty management platform

Solana Labs has launched Bond, allowing brands to have direct relationships with end consumers regardless of the sales channel. Bond offers digital collectibles, digital product passports and collaborative campaigns between brands.

Read more here

Paradigm raises third fund of $850M

Paradigm has announced that they raised their third fund of $850M to invest in early stage crypto startups. Founded in 2018, Paradigm is considered a tier 1 crypto investor and have invested in projects like Foundry and Reth.

Read more here

Funding Announcements

Our Canary tweets of the latest funding news:

1. Qiro Finance raised $1.2M in a pre-seed round

   Read more here

2. Stage has raised $2.4M to revolutionize the future of music

   Read more here

Whale Movements

1. A giant whale deposited 3.45M ETHFI with $12.25M to Binance. Transaction

2. A long hibernating whale deposited 118.09K QNT worth $9.76M to Kraken after accumulating it 6 years ago. Transaction

3. An account holding 142.03M STRK, which is probably the StarkNew team, transferrred 7.475M STRK to Wintermule Trading OTC. Transaction

Today’s Token Unlocks

zkSync(ZK) - $895.71M

SuperRare (RARE) - $1.89M

ApeCoin (APE) - $15.78M

Coinversation Street

Our Canary brings some of the trending and informative tweets from the crypto world:

@IT4I ᵍᵐ on Crypto J-Curve:

@ASXN on @Symbiotic

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