Crypto Airdrops Distributed $4 Billion Already This 2024 | Key Points | June 13, 2024
GM. Welcome back to BitPinas Key Points: easily digestible news in concise formats for easy reading. Let’s check the latest crypto news stories in the last 24 hours.
Market Analysis and Updates 📈
Crypto Price Update
Here are the crypto highlights of the day:
- Bitcoin (BTC): $67,977, up 0.8% over the last 24 hours.
- Ethereum (ETH): $3,534, up 1.0% over the last 24 hours.
- Solana (SOL): $152, up 2.8% vs the previous day.
The Fed maintained its current policy but revised its forecast from three rate cuts this year to just one. With that news, all the gains when the Consumer Price Index (CPI) data was announced were wiped out. (Bitcoin briefly reached $70,000 around midnight Philippine time.)
Trending Coins Update
- Aethir: $0.0819, up 115% vs the previous day.
- Io.net: $5.81, up 52% over the last 24 hours.
- KlimaDAO: $2.61, down 24% vs the previous day.
For the daily price update, check out our post on Facebook.
Feature News: Crypto Airdrops have distributed $4 billion so far this 2024
The news: Crypto airdrops have distributed around $4 billion in 2024, with significant contributions from Jupiter, Starknet, and Notcoin, The Block reported.
What’s the significance: This indicates the continuing popularity and financial impact of crypto airdrops, which distribute tokens to users and encourage participation in blockchain projects.
Read more: BIG List: 130+ Crypto Airdrops to Watch Out For in 2024 (Updated June 2024)
The numbers:
- $4 billion: Total value distributed in 2024.
- $1 billion each: Value distributed by Jupiter, Starknet, and Notcoin.
However, many projects view airdrop farming, where users create multiple wallets to exploit airdrop, as a growing challenge.
- LayerZero implemented a bounty for identifying airdrop farmers.
- ZKsync removed farmer wallets and capped large distributions to recycle tokens.
The effect: Genuine users are sometimes left out.
What’s next: The measures taken by projects to ensure fair distribution will shape the future landscape of crypto airdrops.
Local Crypto News 🇵🇭
- Happening today: Blockchain Campus Conference
- Grand launch of XODE blockchain on June 19. Check out the BitPinas article about XODE and Polkadot’s OpenGuild here.
- BSP cancels registration of Foreignex Inc.
- YGG announces YGG Play Summit for Nov. 18 – 23, 2024.
Educational Corner 🎓
We updated our low cost and free airdrops guide. Now featuring over 100 confirmed (and potential!) airdrops.
- 65 low-cost airdrops to consider joining.
- A list of cost-free airdrops of 2024.
Regulation Watch 📜
Stay informed about the latest regulatory updates and what they mean for you:
- Terraform Labs and Do Kwon agree to pay U.S. SEC a combined $4.5 billion in penalties.
- Zimbabwe is seeking comments on the crypto industry.
Community Spotlight 🔦
Meet Joseph Lejarde: A certified Technical Analyst and now a frequent guest on the BitPinas webcast. Check out our interviews with the Davao-based crypto trader:
More Web3 and AI News 💡
Discover the latest in web3 and AI innovation.
- The number of Ethereum NFT traders fell below 4,000 for the first time since June 2021.
- Solana Labs launches customer loyalty platform.
- Crypto and AI could be a $20 trillion megatrend, says Bitwise.
- MetaMask launches pooled staking for Ethereum.
Web3 Gaming Section 🎮
The future of web3 is gaming, and here are the latest news.
Event Announcements 📅
Don’t Miss Out: Upcoming events, webinars, and meetups in the crypto space!
- Check out the next BitPinas webcast where we will discuss crypto wallets and security of your crypto assets.
Noteworthy 🌟
Key updates and announcements from around the crypto and blockchain world:
- Bitcoin miners rise 10% after Trump promises to back U.S. miners.
- OKX confirms few user accounts were drained via identity theft
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This article is published on BitPinas: Crypto Airdrops Distributed $4 Billion Already This 2024 | Key Points | June 13, 2024
