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My view is if a U.S. spot bitcoin ETF gets approved, there should be little argument for holding up a spot ether ETF. And Grayscale itself has said it plans to convert ETHE and other products to ETFs. I wouldn’t hold your breath when it comes to SOL, ATOM or
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The Optimism native token OP is now in the line of fire with millions of tokens set to be released into circulation.
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The price of Optimism’s native OP token is leading losses among the top 50 cryptocurrencies, falling as far as 10% on the week ahead of a $30 million token unlock.According to data from tokenomics platform Token Unlocks, 24.16 million OP tokens, which account for roughly 3% of the circulating supply
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Cryptocurrency projects often lock a part of the token’s supply and release it gradually to prevent early investors and insiders from selling in large quantities immediately after they get the allocations. When the tokens are unlocked, they become available to sell, and thus, such events are usually considered bearish; often
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Optimism has revealed its plans to sell 116 million OP tokens to seven private buyers. According to the update, this sale is
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The foundation also issued its third community airdrop earlier this week, with over 31,000 users receiving a share of 19.4 million tokens. Circulating supply, however, remains relatively low compared to the total supply with a further 570 million tokens being allocated to future airdrops. OP's circulating supply is 18.59% of
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Optimism (OP) looks to be on a good recovery path so far in the month of September. This is thanks to the
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Optimism airdrops 19,411,313 token worth $27 million. Source
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The Ethereum scaling protocol allocated $26.7 million in free coins to wallets that delegated their OP tokens to community votes and on-chain governance. Layer-2 network Optimism airdropped 19.4 million of its native token OP to 31,879 unique addresses with on-chain participation between January and July 2023. Today Optimism is announcing OP Airdrop
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“Interestingly, it is not decentralized finance (DeFi) applications nor non-fungible token (NFT) marketplaces driving the surge in Base's activity. Instead, a significant portion of usage can be attributed to a new social application, FriendTech,” said Lucas Outumuro, head of research at IntoTheBlock. Source
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