1️⃣ Rocky drop begins
Two of the biggest airdrops, if not the biggest, EigenLayer and Friend.tech, debuted this week. EigenLayer Monday Token Launch Details Released Users were largely disappointed by numerous quibbles regarding geo-blocking, governance, share allocation and non-transferable tokens.
However, EigenLayer has been responsive to feedback, adjusting its plans to, among other things, give 100 CLEAN to all former users of the protocol. American users, this is it's time to plan your international trip!
Friend.tech, on the other hand, faced issues and issues claiming tokens with their new update. Users also had to interact with V2's new features to claim most of their tokens, which proved difficult due to errors that hampered transactions. Yet with FRIEND's downfall since its launch, some have speculated that it had already been oversold.
![](https://bankless.ghost.io/content/images/2024/05/Xnapper-2024-05-04-07.18.19.png)
2️⃣ The rebound of Bitcoin
Bitcoin saw the better part of the week as US BTC spot ETFs saw record outflows of $534 million, sending prices tumbling to around $56,000. However, as the week progressed, Bitcoin rallied strongly, approaching $63,000 after the FOMC meeting and recent jobs data. Unexpectedly weak jobs data and rising unemployment demonstrate the effectiveness of rate hikes, which could influence the Federal Reserve's next moves. Meanwhile, Hong Kong's new BTC and ETH ETFs debuted strongly, raising $292 million and exceeding some early expectations.
![](https://bankless.ghost.io/content/images/2024/05/Xnapper-2024-05-04-07.19.04.png)
3️⃣ LayerZero targets fake users
This week, the LayerZero community welcomed the instant announcement of its upcoming airdrop. To add to the intrigue, the team introduced a Sybil discount program, offering people who self-declare fake accounts 15% of their potential drop to fight fraud instead of zero if they get caught. Around 500 the wallets have already surrendered.
![](https://bankless.ghost.io/content/images/2024/05/Xnapper-2024-05-04-07.18.42.png)
4️⃣ ZKasino team member arrested for pulling a rug
ZKasino, a chain casino that recently strained its community but maintained its innocence, already appears to be paying the price. On Friday, Dutch authorities arrested a team member and seized approximately $12 million of his assets, with many speculating that the team member was the founder of the project.
![](https://bankless.ghost.io/content/images/2024/05/Xnapper-2024-05-04-07.18.31.png)
5️⃣ CZ Skates sentenced to 4 months in prison
Zhao Changpeng, known as CZ, the former CEO of Binance, faced the music in a Seattle court and was sentenced to four months in prison for money laundering. Originally sentenced to 36 months, the final sentence highlighted the positive reputation CZ had built over the years, with one judge specifically highlighting the volume of letters he had received pleading for a more lenient sentence for Zhao. Looks like it worked.
![](https://bankless.ghost.io/content/images/2024/05/Xnapper-2024-05-04-07.17.43.png)