ZetaChain Announces Genesis Airdrop Allocation | Cryptocurrency Trends

1. Mainstream Exchange Trends:

• Reuters reports that Binance kicks off oral arguments to push for the dismissal of the U.S. SEC's lawsuit. However, a U.S. federal judge "did not find" that the major questions doctrine applied to the case.
• Mainstream Exchange Listings (CEX: Token — Time of Listing in UTC)

2. Cryptocurrency Trends:

• Magpie partners with EigenLayer to launch Eigenpie, a SubDAO focused on liquidity restaking, where participants can deposit LSTs to receive a liquidity restaking version of their tokens.
• Meow, the founder of Jupiter, announces the launch of a beta version of the Jupiter LFG Launchpad, which will feature memecoins issued by Ovols and the platform coin, JUP.
• ZetaChain announces genesis airdrop allocation: 31.5 million ZETA distributed to over 800,000 ZetaLabs users and contributors with a snapshot date of August 20, 2023.
• FTX liquidates around $1 billion worth of GBTC after ETF approval.
• Terraform Labs files for Chapter 11 bankruptcy. According to court filings, Terraform Labs stated in its documents that its assets and liabilities range from $100 million to $500 million.
• Solana ecosystem DeFi protocol Marginfi to issue YBX, a stablecoin that will be backed by Solana ecosystem LSTs.

3. Financing Trends:

• Figure markets, the digital asset arm of crypto startup Figure, plans to raise $50 million at a $250 million valuation, with Jump Crypto likely to be the lead investor.
• Web3 game studio AOFverse raises $3 million in a funding round led by Animoca Ventures.

4. Regulatory Trends:

• U.S. SEC: The X account theft was due to a SIM swap attack. Multi-factor authentication has been re-enabled.