EigenLayer Prepares to Remove Major Restrictions
24.09.2024 15:00 1 min. read
EigenLayer is gearing up for the lifting of transfer restrictions on its EIGEN token, set for September 30.
Once transfers are allowed, users will be able to trade or transfer their EIGEN tokens, including any rewards from airdrops. However, those with staked tokens will need to undergo a seven-day withdrawal period to unstake them.
This follows the recent distribution of 86 million EIGEN tokens during EigenLayer’s second stakedrop, which ran from March 15 to August 15, 2024. Tokens from both this event and a previous distribution in April were initially locked from being transferred.
EigenLayer allows users to deposit and stake Ethereum (ETH) to help secure third-party networks or services. The platform has a total supply of 1.67 billion EIGEN tokens, which are intended to be used within its crypto security framework.
Pre-launch platforms like Hyperliquid have valued EIGEN token derivatives at around $3.4, giving it a fully diluted market value of $5.4 billion.
-
1
Kraken and Crypto.com Move to Launch Stablecoins as EU Tightens Regulations
22.02.2025 17:00 2 min. read -
2
Whistleblower Burns Millions in ETH, Claims Global Mind Control Conspiracy
18.02.2025 20:00 1 min. read -
3
Trump’s 25% EU Tariff Sparks Market Turmoil – Will Crypto Benefit?
27.02.2025 9:00 2 min. read -
4
Russia Moves to Classify Crypto as Property in Criminal Cases
23.02.2025 10:00 2 min. read -
5
Here’s How Much Ether Bybit Has Recovered After Recent Hack
23.02.2025 19:00 1 min. read
Ripple Co-Founder’s Wallet Compromised in $661 Million XRP Hack in 2024
Chris Larsen, the co-founder of Ripple, suffered a significant financial blow in 2024 when he lost over $661 million worth of XRP due to a security breach in the password management system LastPass.
Top Spanish Bank Launches Bitcoin and Ethereum Trading Services
BBVA has made a significant move into the cryptocurrency space, gaining approval from Spain’s securities regulator, CNMV, to offer Bitcoin and Ether trading.
Robinhood Settles $29.75 Million FINRA Probe Over Compliance Failures
Robinhood has agreed to a $29.75 million settlement with FINRA over lapses in supervision and compliance, including failures in anti-money laundering measures and oversight of trading activities.
Gemini Eyes IPO After SEC Drops Investigation
Crypto exchange Gemini, founded by Tyler and Cameron Winklevoss, is reportedly preparing to go public through an initial public offering (IPO).
-
1
Kraken and Crypto.com Move to Launch Stablecoins as EU Tightens Regulations
22.02.2025 17:00 2 min. read -
2
Whistleblower Burns Millions in ETH, Claims Global Mind Control Conspiracy
18.02.2025 20:00 1 min. read -
3
Trump’s 25% EU Tariff Sparks Market Turmoil – Will Crypto Benefit?
27.02.2025 9:00 2 min. read -
4
Russia Moves to Classify Crypto as Property in Criminal Cases
23.02.2025 10:00 2 min. read -
5
Here’s How Much Ether Bybit Has Recovered After Recent Hack
23.02.2025 19:00 1 min. read
