Leviathan News

A solid good, bad, and ugly of the recently launched and discovered $DJT supposed Trump meme-coin - 𝕏/@zaddycoin

The AO Protocol: A Decentralized Open-Access Supercomputer Arweave’s newest network is live and rewards are about to kick in tomorrow. 100% of the supply will be airdropped to AR holders and the community, we analyzed the potential returns and how it could earn up to 4000% on your Lido staked ETH - open.substack

Prisma Finance offered to acquire Moebius a universal meta-restaking protocol that unifies restaking across multiple protocols, allowing anyone to mint liquid restaking tokens starting with Karak and EigenLayer. - gov.prismafinance

AltLayer announces dual staking to either delegate ETH & LSTs via EigenLayer AVS system or stake ALT & CYBER tokens to secure the Cyber MACH network - blog.altlayer.io

Coinbase announces upcoming launch of pre-launch markets on Coinbase Advanced - 𝕏/@coinbasetraders

Ps we are just a couple of boosts away until we can start sharing Squid Waifus in our stories again.

Convex is ripping, up 100% in the last 24 hrs. Value is back! Our paid subs got the info back on May 29th in our newsletter when we wrote this: Besides protocol fees generated from the socialized boost that Convex Finance provides to its stakers, it also currently controls the voting rights for the 4 aforementioned protocols, and with this voting power, it can direct $1.8m in emissions for every 2-week period. That’s $46m per year at current token prices. This is grossly misunderstood by the market right now. If Frax/Curve/FX or Prisma were to have a meager 5x increase in token price, that would put Convex’s emissions value at $234m per year! How would you value a company that controlled a quarter of a billion dollars? in value direction? Read more on our blog

A story in three tweets.

Representative Mike Collins discloses purchase of Velodrome ($VELO) - 𝕏/@quiverquant

The Rise of Perpetual Commodities Markets with Ostium's Kaledora Crypto’s first “killer” app is and continues to be perpetual futures. We love them for their 24 hour uptime, ease of trading, high leverage and juicy funding rates. But for some reason, TradFi just hasn’t caught on yet to the power of perps. That’s about to change very soon with Ostium launching commodities perps for every major futures market; oil, corn, hogs, cattle, SP500… they have it all. It’s all onchain, transparent, and could be the next major trading venue. Come watch live on Youtube