Top crypto stories of week 19, 2024
Mon 6 to Sun 12 May 2024
The 20 top stories on Kiwi News from Mon 6 to Sun 12 May 2024, ranked by upvotes, comments and clicks, with 26 comments in total. Most-shared sources: bankless.com, twitter.com.
Text under a title is an AI summary of the linked article.
- Why This Cycle Is Cooked (bankless.com)
The author argues that the points-and-airdrop token distribution model has become unsustainable, and that its problems stem from an oversupply of VC capital, few new retail entrants, and what the text calls an overbearing SEC. Venture-backed startups can stay private longer, so by the time a token launches at $1-10 billion, much of the upside has already been taken by earlier investors, and the text cites Vance's estimate of $200-300 billion in sell pressure from VC unlocks in 2024 and 2025. Coinbase's Q2 report is cited as evidence that retail trading volumes remain well below their 2021 highs. The article also says LayerZero's self-report program for Sybil addresses, which offers 15% of intended allocation with a May 17 deadline, reflects a conflict between rewarding durable users and sybil farmers.
- Multidimensional gas pricing (vitalik.ca)
- Kiwi featured in the ENS DAO newsletter (discuss.ens.domains)
- AAVE 2030 and the Complexity Moat (research.auditless.com)
- Hayden Adams: “tokens, not points” (x.com)
- Forefront returns capital (snapshot.org)
- Keep Ethereum governance scrappy, fun, and chaotic (hackmd.io)
- Grants HQ: Grants Tracker (tiny.charmverse.io)
- An interview with Jack Dorsey (piratewires.com)
- Mint Dot Fun has been acquired by Zora (twitter.com)
- EVM Smart Contract Explorer (evmexplorer.com)
- You're a bot, and I am too: Internet conspiracy theory is 49.6% true (laptopmag.com)
- The Art of the Shadowban (geoffgolberg.medium.com)
- What would happen if Mr Beast launched a $BEAST token? (blog.teji.io)
- The Most Important Chart in the World - by Vincent Launay (vincentlaunay.substack.com)
- War Rooms and Peace Rooms (studio.ribbonfarm.com)
- Why 4337 and 3074 authors are disagreeing, and who got it right (docs.zerodev.app)
- Zed Decoded: Linux when? (What you have to do to port an app to Linux) (zed.dev)
- The $BONSAI Opp (bankless.com)
- Gnosis Chain x Dappnode Home is here (twitter.com)