The Weekly Airdrop: 0x114

May 3, 2024 // Bitcoin has worst month of 2024; Coinbase's revenue soars; oi.net suffers large-scale hack.

Large Cap Leaderboard:

Sector Performance:

Top/Bottom Performers (Top 300):

Decentralized Finance:

M31 Capital DeFi Index: -0.8%

DEFI NEWS

• DTCC rules out collateral for Bitcoin-linked ETFs

• Bitcoin faces worst month since FTX crash with ETF demand cooling

• Coinbase revenue soars by 72% to $1.6 billion, smashing analysts’ predictions

• Dorsey's Block to invest 10% of bitcoin profits into BTC each month

• Record US BTC ETF outflow buffets BlackRock, Fidelity funds

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Web3.0:

M31 Capital Web3 Index: -3.9%

WEB3 NEWS

• Polyhedra Says Open-Source ZK Proof System 'Expander' 2x Faster Than Alternatives

• LayerZero cross-chain interoperability protocol completes first airdrop snapshot

• Bitcoin's Ethereum-Style Programmability Could Come in 12 Months, Rootstock Founder Says

• Solana-based DePIN io.net CEO claims network was attacked in detailed postmortem

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About M31 Capital

M31 Capital is a global investment firm dedicated to crypto assets and blockchain technologies that support individual sovereignty.

Website: https://www.m31.capital/

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