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Eigen Foundation to distribute extra $1,000 in EIGEN to token holders, following airdrop backlash

Eigen Foundation to distribute extra $1,000 in EIGEN to token holders, following airdrop backlash

EIGEN airdrop recipients will get at least 100 EIGEN, worth roughly $1,000 as of the time of writing. 

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Dorsey’s Block to invest 10% of bitcoin profits into BTC each month, shares rise on Q1 earnings beat

Jack Dorsey’s Block will be investing 10% of its gross profit from bitcoin products into bitcoin purchases and will open-source its treasury.

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Crypto-friendly Reps. Nickel and Flood urge SEC to give the green light to options on spot bitcoin ETFs

Lawmakers asked the SEC to approve the listing and trading of options on spot bitcoin exchange-traded funds amid delays.

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ENS petitions to stop Unstoppable Domains’ patent

Ethereum Name Service claims that Unstoppable Domains used ENS’s open-sourced technology in the patent. 

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Jack Dorsey’s Block Adding More Bitcoin to Balance Sheet, Presents Road Map for Others

The payments firm announced the news alongside its first quarter earnings report on Thursday afternoon.

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Coinbase’s Q1 earnings jump to $1.6 billion as transaction revenue soars

Top U.S. cryptocurrency exchange Coinbase saw revenue swell in Q1 as bitcoin rose and spot BTC exchange-traded funds launched.

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Terraform Labs’ lawyers push back against SEC, argue token sales were mostly outside US

Lawyers for Terraform Labs and Do Kwon pushed back against the SEC after the agency requested them to pay billions of dollars in fines. 

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ZkSNACKs to sunset CoinJoin coin mixing service amid US crackdown

ZkSnack is shutting down CoinJoin on June 1, marking its latest attempt to appease U.S. authorities amid their crackdown on blockchain-based privacy tech.

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Tether Enters Transaction Surveillance Partnership with Chainalysis as Regulatory Pressure Mounts

The monitoring system would help Tether identify risky crypto addresses that could be used for bypassing sanctions or illicit activities like terrorist financing, the company said.

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Paragraph raises $5 million from USV and Coinbase Ventures, takes over web3 blogging platform Mirror

For writers and publishers, Paragraph notes that no immediate changes will occur on either platforms.

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