StaFi, one of the leading staking infrastructure providers, announced support for EigenLayer’s Liquid Restaking Token (LRT), allowing users to participate in the restaking ecosystem. Users on StaFi can now rehypothecate their staked tokens to provide security to decentralized applications (DApps) that are required to build their trust and security – or their own actively validated services (AVS).
Eigenlayer LRT is already supported on the LSaaS Stack App, while support for Karak and BounceBit LRT will be maintained. There are also plans to roll out support for BTC LRT in the future.
The latest integration follows the launch of StaFi’s liquid staking as a service (LSaaS )testnet – launched last month – and the publication of the StaFi 2.0 roadmap. The roadmap included plans to add the LRT stack to power new re-staking applications. EigenLayer also launched on mainnet in February this year allowing developers to leverage pooled security via restaking by extending the security of Ethereum to AVSs.
The integration of the LRT stack will enable project teams and DApp developers to seamlessly deploy LRT on LSaaS, significantly enhancing the efficiency of LRT development and overall accessibility of restaking.
Terming the latest addition to LSaaS as a “major breakthrough for developers”, Liam Young, the founder of StaFi stated:
“The integration of LRT into StaFi’s Liquid Staking as a Service is a major breakthrough for developers, who are now free to create restaking products that harness shared security across multiple chains. Up until now, building with LRT has been a complex task that entails significant lead time. StaFi’s LRT Stack will slash time to market while empowering builders to create novel solutions that draw upon the crypto economic guarantees that liquid staking permits.”
EigenLayer is a protocol built on Ethereum that permits restaking to enhance overall security across the blockchain ecosystem. The platform introduces novel ideas such as staking and free market governance that create an optimized system of pooled security whereby the staked $ETH is repurposed to provide validation services to AVSs.
Simply, EigenLayer repurposes currently staked ETH (or another token) to provide validation services to AVSs via restaking. The staked ETH is repurposed to validate transactions to platforms built on Ethereum but cannot utilize the settlement layer of the blockchain. Crucially, stakers retain their staking rewards on Ethereum.
The integrated LRT stack will support several functionalities such as restaking, unrestaking, and withdrawing tokens. Additionally, users will be able to mint and burn LRTs, join restaking pools and delegate and undelegate staking operators.
To facilitate the LRT/ETH pair construction, AVS restaking rewards will be swapped for ETH in the market via swap. This will follow the launch of EigenLayer’s planned upgrade which will allow developers and LRT operators to construct their LRT with the aforementioned functionalities swiftly.
Shiba Doge Hybrid (SHIDOGE) could turn early investors into multi-millionaires if it becomes a mainstream coin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
Shiba Doge Hybrid (SHIDOGE), a new Solana memecoin that was launched today, is poised to explode over 8,000% in price in the coming days.
This is because SHIDOGE has announced its first centralized exchange listing, which will be on MEXC.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Shiba Doge Hybrid (SHIDOGE) can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Shiba Doge Hybrid (SHIDOGE) could become the next viral memecoin.
To buy Shiba Doge Hybrid on Raydium or Jupiter ahead of the MEXC listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for SHIDOGE by entering its contract address – 797CmcxqkLZaSjMd7MdyNZ9swuSzaGdYWkJ65jehiXWa – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like SHIDOGE.
Zombie Coin (ZOMCOIN) could become a viral memecoin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
Zombie Coin (ZOMCOIN), a Solana memecoin that was launched today, is aiming to challenge other memecoin giants, such as Shiba Inu (SHIB) and Dogecoin (DOGE).
Early investors in SHIB and DOGE made astronomical returns, and Zombie Coin presents a similar opportunity.
Zombie Coin has market cap below $15,000 at the moment, meaning that when it just reaches a modest market cap of $200,000-$500,000, early investors would generate returns of 2,000%-5,000% in a matter of days or hours.
The exciting memecoin is poised to rally 8,000% in the coming two days, and Zombie Coin could potentially reach a multi-million dollar market cap within a few weeks.
Currently, Zombie Coin can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
To buy Zombie Coin on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Zombie Coin by entering its contract address – FbkoYsCAPbcyJkSoqXTxDKKoGQrYoqgtdLf9GBEqy2vr – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like ZOMCOIN.
Early investors in memecoins like Shiba Inu (SHIB), Bonk (BONK), and Dogecoin (DOGE) made astronomical returns, and Andrew Tate Coin (ANDTATE) presents a similar opportunity for a limited time.
Andrew Tate Coin (ANDTATE), a newly launched Solana memecoin, is poised to explode over 16,000% in a matter of days, as former Shiba Inu (SHIB), Bonk (BONK) and Dogecoin (DOGE) investors pour funds into this new token.
ANDTATE will be listed on MEXC, one of the largest centralized exchanges in the world, within a few days – and this is a massively bullish development for the token, as millions of new investors will easily be able to buy Andrew Tate Coin.
Currently, Andrew Tate Coin can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
To buy ANDTATE on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Andrew Tate Coin by entering its contract address – Cp7qyqdzXAqF7fqKXzS8LwTE7JQvh2V3vYGnDdx6j4ii – in the receiving field.
ANDTATE currently has a market cap of just under $20,000, meaning it has huge upside potential.
Early investors could make returns similar to those who invested in Shiba Inu (SHIB), Dogecoin (DOGE) and Bonk (BONK) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
FTX’s recent amended proposal, which includes an exculpatory clause, has met with significant backlash from its creditors.
Released on May 7, the proposal is aimed at compensating the creditors, including a noteworthy figure of “billions in compensation.” However, the inclusion of an exculpatory clause has become a major point of contention.
This specific clause would absolve Sullivan & Cromwell (S&C), the law firm managing FTX’s bankruptcy, from any liability for damages incurred during the bankruptcy process.
S&C’s involvement in the company’s affairs, as it had previously served as outside counsel in various transactions, further complicates perceptions.
Sunil, a prominent FTX creditor and member of the FTX Customer Ad-Hoc Committee, which represents over 1,500 creditors, strongly criticized the clause.
He highlighted that the clause would prevent S&C from being held accountable for potential misdeeds including “selling FTX assets at 70% to 90% discounts to their own clients and insiders.”
On May 8, Sunil expressed his discontent on X, stating:
“S&C included an exculpation clause so they can not be held liable for misconduct — selling FTX assets at 70% to 90% discounts to their own clients and insiders (Ledger X, Galaxy), not restarting FTX 2.0, etc if we accept the plan.”
This controversy follows a lawsuit filed three months prior by top FTX creditors against S&C.
The lawsuit accused the firm of actively participating in FTX’s “multibillion-dollar fraud” and profiting from these misdeeds. A February 16 court document illuminated the allegations:
“S&C knew of FTX US and FTX Trading Ltd.’s omissions, untruthful and fraudulent conduct, and misappropriation of Class Members’ funds.
READ MORE: Coinbase Faces Class-Action Lawsuit Over Alleged Securities Deception
“Despite this knowledge, S&C stood to gain financially from the FTX Group’s misconduct and so agreed, at least impliedly, to assist that unlawful conduct for its own gain.”
The financial ties are further underlined by the fact that FTX owed S&C up to $1.45 billion in legal bankruptcy fees, a figure confirmed by compensation filings from December 2023.
The response from FTX’s creditors has been overwhelmingly negative, especially concerning the proposal’s payment plan.
While FTX debtors have suggested a compensation formula based on a depreciated Bitcoin valuation of $16,800, critics argue this is grossly unfair given Bitcoin’s price increase since FTX’s collapse.
BitGo CEO Mike Belshe commented on the matter in a May 8 X post:
“0% of FTX creditors agree that receiving $16800 for your bitcoin is fully compensated. I understand why the bankruptcy process needs to work this way but let’s not pretend victims are getting their money back or that FTX wasn’t as awful as it was.”
Given these circumstances, there’s a significant possibility that the amended plan will be rejected by the creditors, as further indicated by Rob, Paradex’s head of growth and a pseudonymous FTX creditor, who voiced his decision to reject the plan on May 8:
“Icing on the cake from the team that destroyed billions of potential value for FTX customers. This can’t be allowed. I’m voting NO on this plan.”
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Shiba Doge Hybrid (SHIDOGE) could turn early investors into multi-millionaires if it becomes a mainstream coin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
Shiba Doge Hybrid (SHIDOGE), a new Solana memecoin that was launched today, is poised to explode over 8,000% in price in the coming days.
This is because SHIDOGE has announced its first centralized exchange listing, which will be on MEXC.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Shiba Doge Hybrid (SHIDOGE) can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Shiba Doge Hybrid (SHIDOGE) could become the next viral memecoin.
To buy Shiba Doge Hybrid on Raydium or Jupiter ahead of the MEXC listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for SHIDOGE by entering its contract address – 797CmcxqkLZaSjMd7MdyNZ9swuSzaGdYWkJ65jehiXWa – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like SHIDOGE.
The Starknet Foundation recently unveiled a significant $5 million Seed Grants Program, designated in USDC, to propel the development of nascent projects on its network.
This initiative is set to provide vital financial backing to at least 200 emerging teams, each receiving $25,000.
The focus is on aiding projects in their final stages, helping them overcome the “last mile” challenge to successfully launch on Starknet.
Starknet operates as an Ethereum layer-2 scaling solution employing zero-knowledge rollup technology, which has been gaining traction among developers.
Diego Oliva, CEO of the Starknet Foundation, emphasized the rationale behind this substantial financial commitment.
He explained, “We’ve been listening carefully to devs [developers] and hearing about the main challenges they face.
“We are talking about people with amazing creativity and vision who need support with that ever-hard ‘last mile’ to get a project over the line and into production.
“So we responded with this program, which is intended, very directly and with minimal bureaucracy, to address this.”
This quote highlights the foundation’s strategic approach to foster a robust development environment and streamline project completion.
READ MORE: Bullish Momentum Looms: Bitcoin’s Price Eyeing Upsurge on Inverse Head-and-Shoulders Confirmation
The program targets Starknet-associated projects that have already developed a minimum viable product (MVP) or proof-of-concept, which are considered ready for the next leap.
Oliva further stated, “In general, we want to reduce the barriers and burdens young teams face when considering starting a project.
We’re trying to clear the path to innovation,” reflecting the foundation’s commitment to reducing entry barriers for newcomers and catalyzing innovation within the blockchain ecosystem.
The rising interest in Starknet is evidenced by the growing number of developers engaging with its ecosystem.
According to Electric Capital’s 2023 Developer Report, the total monthly developers associated with Starknet surged to over 22,400 by December 2023, marking an increase of more than 113% since December 2020.
Blockchain gaming, in particular, stands out as a significant area of growth and application within the Starknet and broader blockchain environment.
Oliva commented on the exciting developments in this sector, stating, “Starknet is leading the way in fully on-chain gaming.
Key projects in this area include Realms, Influence, and Dojo.
This sector is growing fast, with more teams building on Starknet using the Dojo standard.
Gaming is important not just for gamers but for everyone because it’s demanding on the network, testing its capabilities and demonstrating its power.”
According to DappRadar, blockchain gaming accounts for 35% of the total decentralized application activity, attracting over 2.2 million daily unique active wallets, underscoring the substantial impact and potential of gaming on blockchain platforms.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Zombie Coin (ZOMCOIN) could become a viral memecoin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
Zombie Coin (ZOMCOIN), a Solana memecoin that was launched today, is aiming to challenge other memecoin giants, such as Shiba Inu (SHIB) and Dogecoin (DOGE).
Early investors in SHIB and DOGE made astronomical returns, and Zombie Coin presents a similar opportunity.
Zombie Coin has market cap below $15,000 at the moment, meaning that when it just reaches a modest market cap of $200,000-$500,000, early investors would generate returns of 2,000%-5,000% in a matter of days or hours.
The exciting memecoin is poised to rally 8,000% in the coming two days, and Zombie Coin could potentially reach a multi-million dollar market cap within a few weeks.
Currently, Zombie Coin can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
To buy Zombie Coin on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Zombie Coin by entering its contract address – FbkoYsCAPbcyJkSoqXTxDKKoGQrYoqgtdLf9GBEqy2vr – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like ZOMCOIN.
Australia’s tax authorities are stepping up their efforts to address tax compliance among cryptocurrency users, reflecting a global trend towards stricter regulation of digital assets.
The Australian Taxation Office (ATO) is seeking detailed personal and transaction data from up to 1.2 million users of cryptocurrency exchanges.
This initiative is part of a broader attempt to identify those who may have skirted tax obligations on their crypto trades, as detailed in a notice issued last month, which was obtained by Reuters.
The ATO’s data request includes not only basic identity information like users’ birth dates, but also extends to their social media accounts, phone numbers, and financial particulars such as wallet addresses, the types of coins traded, and associated bank account details.
The notice explains that cryptocurrencies, unlike traditional foreign currencies, are considered taxable assets in Australia.
This classification means that profits from cryptocurrency sales are subject to capital gains tax.
This move by the ATO coincides with significant profits in the cryptocurrency markets, highlighted by substantial increases in the values of major cryptocurrencies.
Bitcoin, for instance, has seen a 44% increase since the start of the year, while Ether’s value has risen by 32%.
Additionally, the market capitalization of other significant altcoins (excluding Bitcoin and Ether) has climbed over 27%, according to TradingView.
READ MORE: Bullish Momentum Looms: Bitcoin’s Price Eyeing Upsurge on Inverse Head-and-Shoulders Confirmation
The ATO notice points to the potential for using cryptocurrencies for tax evasion due to the possibility of purchasing crypto assets under false identities.
This concern is not isolated to Australia, as similar regulatory actions are taking place globally.
For example, the Canada Revenue Agency’s compliance branch director general, Sahil Behal, disclosed that the agency is conducting over 400 crypto-related audits and investigating numerous crypto investors to recover unpaid taxes.
This action builds on the discovery of an estimated $39.5 million in unpaid taxes from the 2023-2024 fiscal year.
In Turkey, upcoming legislation expected later this year aims to establish a legal framework for taxing cryptocurrencies, recognizing the country’s position as a significant player in the crypto economy.
Meanwhile, in the United States, there are proposals to increase the long-term capital gains tax rate to 44.6% for high earners, alongside a potential 25% tax on unrealized gains for extremely wealthy individuals.
According to Matthew Walrath, founder of Crypto Tax Made Easy, despite these stringent proposals, they are unlikely to affect the vast majority of people, describing them as “a big, fat nothing burger” since they are still merely proposals.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Early investors in memecoins like Shiba Inu (SHIB), Bonk (BONK), and Dogecoin (DOGE) made astronomical returns, and Andrew Tate Coin (ANDTATE) presents a similar opportunity for a limited time.
Andrew Tate Coin (ANDTATE), a newly launched Solana memecoin, is poised to explode over 16,000% in a matter of days, as former Shiba Inu (SHIB), Bonk (BONK) and Dogecoin (DOGE) investors pour funds into this new token.
ANDTATE will be listed on MEXC, one of the largest centralized exchanges in the world, within a few days – and this is a massively bullish development for the token, as millions of new investors will easily be able to buy Andrew Tate Coin.
Currently, Andrew Tate Coin can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
To buy ANDTATE on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Andrew Tate Coin by entering its contract address – Cp7qyqdzXAqF7fqKXzS8LwTE7JQvh2V3vYGnDdx6j4ii – in the receiving field.
ANDTATE currently has a market cap of just under $20,000, meaning it has huge upside potential.
Early investors could make returns similar to those who invested in Shiba Inu (SHIB), Dogecoin (DOGE) and Bonk (BONK) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.