NEW: ALON SAYS AIRDROP WILL NOT HAPPEN IN THE IMMEDIATE FUTURE

Introducing the next stage of Kaito - our Capital Launchpad. A natural progression of our mission to be the distribution powerhouse of crypto. With the most in-depth social mapping and ranking across CT, and leading data analytics when it comes to project-community interactions, the next step is to further connect the two through capital - linking onchain and offchain for the most comprehensive social footprint. Later this week - the platform will go live, building a new way for projects to raise and embed communities through capital alignment - in a way that's open, meritocratic and relevance-based - as an alternative to the FCFS model. Oh and, all Capital Launchpad fees are distributed back to the wider community - more on that with our upcoming gKAITO mechanism soon 👀 A community launchpad, for the community, owned by the community. Allocations will be determined by projects, based on factors such as social reputation, onchain holdings (not only Kaito holdings), historical alignment/relevance to the project and its relevant sectors, region, conviction, and more. Projects will also set out clear round terms - valuation, raise target, vesting terms - and you'll be able to make a decision and place a deposit to pledge, based on these on how much you want to allocate. The pledges will then be reviewed by the project teams, who then assign for the Preferred Phase of the allocation, with a subsequent (optional) FCFS Phase if there is any allocation remaining. We're really excited for this next chapter of Kaito - opening up new ways for all of you to allocate to top community-centric projects, as well as giving projects a new way to bootstrap, interact, align and involve existing and potential community members. Tomorrow you’ll be able to get your account ready and KYC to be able to start participating. Not long to wait.

StablecoinX Inc. @stablecoin_x has announced a $360 million capital raise to purchase $ENA and will seek to list its Class A common shares on the Nasdaq Global Market under the ticker symbol "USDE", which includes a $60 million contribution of ENA from the Ethena Foundation Equity markets will now have direct access and exposure to the most important emerging trend in all of finance: The growth of digital dollars and stablecoins. To bootstrap its acquisition strategy, StablecoinX Inc. will use all of the $260 million cash proceeds from the raise (less amounts for certain expenses) to buy locked ENA from a subsidiary of the Ethena Foundation. Starting today, the Ethena Foundation subsidiary (via third-party market makers) will use 100% of the $260 million cash proceeds from the token sale to strategically purchase $ENA across publicly traded venues over the coming weeks, further aligning the Foundation’s incentives with those of StableCoinX shareholders. The planned deployment schedule is approximately $5m daily from today over the course of the next 6 weeks. At current prices $260m represents roughly 8% of circulating supply. Importantly, the Ethena Foundation has the right to veto any sales of $ENA by StableCoinX at its sole discretion. Ideally, tokens will never be sold with a sole focus on accumulation. To the extent StableCoinX subsequently raises capital with the intent of purchasing additional locked ENA from the Ethena Foundation or its affiliates, cash proceeds from those token sales are planned to be used to purchase spot $ENA. StableCoinX's treasury strategy is a deliberate, multi‑year capital allocation strategy that will enables StableCoinX to capture the enormous value of the secular surge in demand for digital dollars while compounding ENA per share to the benefit of shareholders.

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David Hoffman says Bankless added $250b to ETH’s market cap in 2021 “Now its probably closer to 5%, but in 2021 people say we were reponsible for 20-25%"