Ethereum layer2 solution, Optimism, airdropped it to more than 230,000 addresses. The launch, however, overloaded the network, and OP quickly lost more than half of its value.
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Optimism Launches Airdrop, Problems Depress Token Price 📉
Optimism airdropped its OP governance token to more than 230,000 addresses, as part of its eagerly awaited token launch. But it did not go as well as Optimism would have liked, as the first few hours left users unhappy and not able to claim their airdrop as the network tried to cope with the increased load. Optimism promised a “full detailed retrospective” about the launch since several other airdrops are to follow. The OP token lost more than 65% of its value in light of the problems.
Block Report: These Countries Are Optimistic About BTC 👍
Block Inc published its Bitcoin Knowledge and Perceptions Report and came to a few interesting conclusions. Among wealthier folks, BTC enjoys particular appeal as a speculative asset, while lower-income people and countries buy it for “the tech.” Block also found that more knowledge about Bitcoin equals a higher likelihood to invest in it. Finally, it looked into awareness compared to other cryptocurrencies and found that people in lower-income countries are more optimistic about BTC than in advanced economies.
Elon Musk and Dogecoin Founder Jackson Palmer Beef on Twitter 👊
Elon Musk took to Twitter to rebut claims that his ability to read code was not adequate enough to get rid of spambots on Twitter. Jackson Palmer, one of Dogecoin’s co-founders, claimed in an interview that he had offered a piece of code to Musk that would get rid of spambots on Twitter. Musk, however, was not able to read it, Palmer claimed in an interview. Musk wasted no time in denying that, saying the “lame snippet of Python” was of no help and that his kids wrote better code when they were 12 than the “nonsense script” he had received.
Bank of Russia Gives Up Its Resistance to Crypto Payments 🏳
The First Deputy Governor of the Bank of Russia, Ksenia Yudaeva, said the central bank does not object to crypto in international transactions. That means Russia could soon allow itself to pay for international trade in BTC and other cryptocurrencies. However, the Governor clarified that active use of crypto within the country would “cause great risks” and is not something the Bank of Russia endorses.
Binance Labs Launches $500M Fund for Blockchain and Web3 🚀
Binance announced a $500 million investment fund in cooperation with DST Global Partners and Breyer Capital. Binance Labs, the VC arm of Binance, will invest in cooperation with these and other institutional investors in projects that drive blockchain and Web3 adoption. According to CEO Changpeng Zhao, investments will take place across all blockchain sectors and the fund will target early-stage, as well as late-stage projects.
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