The notion of "governance rights" as a narrative for why a token should be valuable is pathological. You're literally saying "I'm buying $X because later on someone might buy it from me and a bunch of other people to twist the protocol toward their special interests"
As a regular individual, "pay $500 to get a 0.0001% chance to influence the outcome of some votes" is just not a good trade. The only people for whom it is a good trade are multimillionaires and hedge funds (including attackers).
According to Cryptoslam data, the NFT sales on Polygon chain in April exceeded 50 million US dollars, reaching 51,539,690.69 US dollars, setting the second highest monthly sales record in 2024, second only to January's sales of 112 million US dollars this year. In addition, the NFT trading volume on Polygon chain in April increased significantly to 1.5 million transactions, with nearly 90,000 independent sellers and over 33,000 independent buyers.
Nate Geraci, President of ETFStore, stated on X platform that the outflow trend of GBTC has ended, with a revenue of $63 million.
According to HODL15Capital monitoring, the Hong Kong Bitcoin spot ETF has held 4,218 BTC since its listing three days ago.
1. The 133rd Ethereum ACDC meeting: The goal is to complete the devnet within 7-10 days
According to Whale Alert monitoring, the Paribu wallet address transferred 4,049,371,347,309 PEPE tokens worth approximately $31,091,073 via the Ethereum blockchain at around 17:20 today, and all tokens were transferred to an address starting with "0xa23c".
According to the latest virtual asset ETF asset management scale data from HKEX as of May 3rd:1. Huaxia Ether ETF has an asset management scale of HKD 146.16 million, and Huaxia Bitcoin ETF has reached HKD 880.25 million, with a total amount exceeding HKD 1 billion, reaching HKD 1.02641 billion;2. Bosera HashKey Ether ETF has an asset management scale of HKD 96.59 million, and Bosera HashKey Bitcoin ETF has reached HKD 478.09 million, with a total of HKD 574.58 million;3. Harvest Ether ETF has an asset management scale of HKD 89.97 million, and the encrypted Bitcoin ETF has reached HKD 449.39 million, with a total of HKD 539.36 million.
According to DexScreener data, the trading price of friend.tech tokens has fallen below $3 and is currently at $2.31. The current circulating supply is approximately 14.5 million. According to DeFiLlama data, the friend.tech ecosystem's TVL has dropped to the $30 million range, with a 13.6% decline over the past 7 days. Friend.tech was launched on the Ethereum Layer 2 network Base in August of last year. The ecosystem's TVL had once surpassed $50 million and is currently the 9th largest protocol on the Base chain.
Animoca Brands officially announced that the distribution of MOCA tokens is planned to take place around May 24th. The token release information includes:
Vitalik Buterin, the founder of Ethereum, gave a keynote speech titled "Reaching the Limits of Protocol Design" at the 2024 Hong Kong Web3 Carnival. Vitalik Buterin stated that technologies such as ZK-SNARKs, MPC, and FHE have efficiency and security issues. Ethereum's slot block time is 12 seconds, the average block verification time is about 400 milliseconds, and the ZK-SNARK proof time is about 20 minutes. Ethereum's goal is to achieve real-time proof. Regarding the current low efficiency issue, Vitalik stated that the solution is "parallelization and aggregation trees", using SNARK algos and hash to improve efficiency, and using ASIC for ZK hardware acceleration.
Vitalik Buterin, the founder of Ethereum, stated at BiddleAsia 2024 held at Signiel Seoul in the Songpa district on March 28 that artificial intelligence is a huge market and its importance is increasing day by day. We need to create a world where blockchain and artificial intelligence work together. Artificial intelligence can now create applications with 100 to 500 lines of code. Vitalik also stated that the ability to write 10,000 lines of code can eliminate most of the bugs in the Ethereum virtual machine.
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