☀️ GM GM!

Welcome back to your weekly dose of Web3 insights! Your go to resource for everything DeFi, RWAs, and Zivoe.

Here’s what we’ve got for you today:

1. Market Movements

2. Bite-Sized Bits

3. Zivoe Launches Galxe Quest

4. Zivoe In The News

5. Hot Takes: Are Airdrops Dead?

6. Memes Of The Moment

📉 Market Movements

Markets continue falling this week:

🟠 Bitcoin: $63,427.42 (-5.60%)

🔵 Ethereum: $3,468.95 (-1.17%)

🟣 Solana: $130.08 (-12.14%)

🟢 Fear & Greed Index: 63 (Greed)

🍪 Bite-Sized Bits

Kraken recovers $3 million stolen from CertiK
Kraken has announced that it has recovered nearly $3 million following an incident with CertiK. The company had discovered a flaw in Kraken's exchange enabling them to withdraw almost $3 million. Strangely, CertiK mixed the funds through Tornado Cash, which was perceived as attempted theft.

LayerZero requires a donation to claim airdrop
LayerZero has opened the claim portal for its $ZRO token. However, this distribution comes with an unexpected surprise: a donation REQUIREMENT. In order to claim $ZRO tokens, users must make a donation of $0.10 in USDC, USDT, or native ETH per $ZRO token. This donation will fund the Protocol Guild, a collective of Ethereum researchers and developers.

EigenLayer launches the second part of its Airdrop program
This second phase will distribute 113 million EIGEN tokens to users who have performed complex interactions with their LRTs, such as Pendle users.

Microstrategy Announces Purchase of an Additional 11,930 BTCs
Microstrategy has acquired an additional 11,931 BTC for approximately $786 million, bringing its total holdings to 226,331 BTC valued at approximately $14.9 billion.

Winklevoss brothers donate $2 million to Trump
The Winklevoss twins have announced their intention to vote for Trump. They will each donate 15.47 BTC (about $1 million) to his campaign, claiming that Trump is "pro-bitcoin" and "pro-crypto", unlike President Joe Biden.

BitFlyer Acquires FTX Japan
BitFlyer, one of Japan's largest crypto exchanges, has agreed to acquire the local subsidiary of FTX. It plans to re-launch FTX Japan as a digital asset custodian for institutional investors.

🚀 Zivoe Launches Galxe Quest!

Zivoe’s Initial Tranche Offering is now just 6 weeks away! And the road to TGE has officially begun! We’ve put together an amazing quest for you to learn more about Zivoe and prepare for our launch event on July 31st!

Participants earn points and will be entered into a series of raffles to win up to 500 USDC. We will be adding new quests each week, so be sure to check back again next week!

Click Here To Participate

📰 Zivoe In The News

News highlights this week

🔥 Hot Takes: Are Airdrops Dead?

Following a tremendously disappointing series of airdrops from high profile projects including LayerZero, ZKsync, and Eigen Layer, the crypto community is left questioning if airdrops have become a thing of the past. Airdrop hunters and project founders alike have taken to Twitter debating the purpose of airdrops in 2024.

From the perspective of airdrop hunters, the sentiment is clear: the effort no longer matches the reward. In the past, making a few transactions with a new protocol and being among the first users often resulted in lucrative 4-5 figure airdrops. Over the years, token allocations have continued to shrink, and eligibility criteria have become increasingly stringent. For example, even being in the top 5% of users for the LayerZero airdrop only yielded around 100 tokens (~$312). It seems airdrop farming has become too mainstream.

On the other hand, project founders face a dilemma with airdrops. While they are an effective tool for user acquisition and generating hype, they often attract users who are solely interested in the short-term gain. Many recipients quickly sell their tokens and disengage from the project, leaving founders with a transient user base and a diluted token distribution. The challenge lies in balancing the initial buzz with attracting committed users who add long-term value to the project.

What do you think? Vote in the poll below!

🐸 Memes Of The Moment

📲 Stay Connected With Zivoe

Join our community and stay up-to-date with the latest news and developments by following us on social media. Connect with us to engage in discussions, receive real-time updates, and be part of the Zivoe movement!

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Thank you for joining us on this exciting journey. Together, we can create a brighter financial future!