Key Crypto Events Including The U.S. Seeking $5B From Do Kwon, EOS New Tokenomics Proposal And More

With the cryptocurrency market proving to be extremely volatile at the moment, the industry is witnessing some key events. According to Layergg, here are the key crypto events that happened in the last 24 hours.

Memecoin Meta Reaches Saturation

According to key Key Opinion Leaders (KOLs) in the crypto space, the “Memecoin meta” is reaching saturation. This suggests that the hype surrounding memecoins may be losing steam, and investors should be cautious when considering investments in this sector.

EOS Proposes New Tokenomics

EOS CEO, BigBeardSamurai, has proposed a new tokenomics model that would burn 80% of the total supply. This drastic change in the token’s economic structure could have significant implications for the value and scarcity of EOS tokens.

Staking and Vaulting Features Launched

Several projects have recently announced staking and vaulting features:

  • Forta ($FORT) has launched the $FORT Stacking Vault.
  • Galxe ($GAL) has announced a staking feature, with rewards for stakers in $ARB, $MERL, and $ZK tokens.
  • TreasureDAO ($MAGIC) has launched a Ruby testnet V1 and plans to add dual staking of MAGIC and ETH in the future.

Protocol and Game Updates

Multiple protocols and games have announced updates and partnerships:

  • Maverick protocol ($MAV) has teased the upcoming release of Maverick V2.
  • Pixels ($PIXEL) announced that the Chapter 2 update is about 90% complete and will be rolling out in 2-4 weeks.
  • Puffverse ($RON) plans to launch PuffGo on Ronin, with migration details to be announced on April 29th.
  • xSociety ($SUI) has partnered with Sui Network to launch a game on Sui before the end of the year.
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Stargate V2 Proposal Voting Underway

Stargate ($STG) has started voting on the Stargate V2 proposal, which will remain open until April 28th. The outcome of this vote could have significant implications for the future development and direction of the Stargate platform.

Mainnet Launches and Upgrades

Two projects have announced mainnet launches and upgrades:

  • Trias ($TRIAS) announced that the launch of Phase 1 of its mainnet will take place in late April.
  • Viction ($VIC) announced World Wide Chain, a new framework designed to empower Viction appchains’ economy.

US Regulator Seeks Penalty Against Do Kwon and Terraform Labs

In a significant regulatory action, a US regulator is seeking a $5 billion penalty against Do Kwon and Terraform Labs, the entities behind the collapsed $LUNA, $LUNC, and $USTC tokens. This action highlights the increasing scrutiny and enforcement measures being taken by regulators in the crypto space.

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Vignesh Karunanidhi
Vignesh Karunanidhi

Seasoned crypto writer with deep passion for blockchain and cryptocurrency