News
Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.
Summary EigenLayer's TVL increased from $250 million to $1.7 billion in just one month. The re-staking sector is witnessing extraordinary growth. However, it is important to note that, in comparison to the overall volume of LSD, the re-staking sector still has considerable room for growth. For users primarily holding ETH, depositing ETH in LSD protocols like Lido and then re-staking the acquired stETH to earn another profit presents a more advantageous strategy over the long term. Additionally, apart from the anticipated EigenLayer airdrop, projects like AltLayer will also airdrop their tokens to EigenLayer re-stakers. This could result in profits significantly surpassing initial expectations.
- 07:05Trader Peter Brandt: BTC may continue to rise, with a short-term price target of $125,000After BTC recently fell below the major threshold of $91,000, it rebounded strongly this weekend and has currently slightly fallen back to around $96,000. In this process, veteran trader Peter Brandt reiterated his bullish view on BTC and stated that it may continue to rise in the future. In addition, other on-chain indicators also show that BTC has a good momentum for the future. In recent analysis, Brandt said that BTC could reach $108,358 in the next few days. However, he also quoted technical charts warning that the price of BTC might pull back to $76,614 in an upward trend and added "this is not a prediction", pointing out market risks. He stated these analyses only reflect "possibilities not probabilities or certainties". Moreover, he recently set his target price for BTC at $125 thousand.
- 07:04The founder of ai16z publishes an article explaining the project structure and relationships between various entitiesai16z founder Shaw has published an article explaining the project structure and the relationship between various entities: ai16z is a decentralized DAO, owning tokens ai16z and degenai; ElizaOS is an open-source AI agent framework; Eliza Labs is responsible for developing elizaOS. Shaw also emphasized that DAOs are decentralized, adopting a fair launch model without any entity intervention or team allocation, venture capital or similar arrangements. In addition, the ELIZA token was developed by an independent team and received support but it's not an official product.
- 07:03Santiment: The further decline in the market has caused BTC investment sentiment to fall to its lowest point within the yearSantiment posted on X stating: "The further decline of cryptocurrency has brought the public sentiment of Bitcoin to its lowest point this year. Traders are now showing serious panic, which is good news for contrarian investors because they know that market trends are contrary to retail investors' expectations."