There is Hot News, Including Partnership, from SUI Coin and These 5 Altcoins!

Sui (SUI Coin) announced a partnership with Google Cloud. MilkyWay raised $5 million ahead of the token launch and airdrop. As Binance prepared to launch REZ 1-50x U-based perpetual contracts, REZ price crashed. And more…

There is news from WIF, SUI Coin and these 4 altcoins!

Sui (SUI Coin) and Google Cloud are collaborating

Sui (SUI Coin) announced a partnership with Google Cloud on April 30. The partnership will focus on improving the security, scalability, developer tools, and user experience of Web3 and AI applications. Google Cloud will integrate Sui Blockchain (SUI Coin) data into the BigQuery public dataset to provide analytical tools to developers. Sui (SUI Coin) will use Google Cloud’s AI platform Vertex AI to train in the Move programming language. It will also allow Web3 developers to debug and improve code generation.

MilkyWay raises $5 million ahead of token launch and airdrop

Celestia liquid staking platform MilkyWay co-founder and CEO JayB Kim said MilkyWay has raised $5 million in a seed round led by Polychain Capital. Kim stated that other investors in the round were Binance Labs, Hack VC, Crypto.com Capital and LongHash Ventures. In a separate statement, Binance Labs noted that it invested in MilkyWay to help it become the leading liquid staking protocol in the modular blockchain ecosystem, including Celestia.

Kim revealed that MilkyWay began raising money for the tour last December. He also stated that it closed about a month ago. Kim added that the round was structured as a simple deal for future equity (SAFE) and token warrants for co-lead investors and a simple deal for future tokens (SAFT) for participating investors. However, he did not comment on the valuation.

EigenLayer’s airdrop faced some backlash

cryptokoin.com As, we shared the details of the long-awaited EigenLayer airdrop yesterday. This airdrop came with great fanfare but also heavy criticism. According to the plan, the team will allocate 45% of the 1.67 billion token supply to the community at launch. It will also give away a third of it in the form of an airdrop. This airdrop will occur across multiple seasons. Additionally, the first season will take place in two parts, focusing on rewarding stakers with the protocol.

However, some participants highlighted a number of concerns. However, the most important of these seems to be the lack of transferability of the token when it was first published. Once the token is launched, EigenLayer will be non-transferable for “months” to allow sufficient time for decentralization and encourage community consensus on the utility and governance of the token. However, this has raised concerns that it could have a negative impact on those who receive the airdrop. A crypto trader on X known as CoinMamba said, “EigenLayer team and investors get 55%. But stakers only get 5%. “Even this will not be transferable at the beginning,” he reacted.

TNA Protocol completes first funding round

TNA Protocol announced the completion of its first funding round with participation from MH Ventures, Cogitent Ventures and CSP DAO. There is no information yet on the specific amount of funding. TNA is a domain protocol for Bitcoin that aims to improve its usability and expand the range of its assets and primitives.

Binance launches REZ 1-50x U-based perpetual contracts

Binance, the world’s largest cryptocurrency exchange, is making moves to improve user experiences. In a hot development, Binance announced that it will launch the Renzo (REZ) 1-50x U-based perpetual contract at 22:00 on April 30. However, the token did not react very positively to this news. At the time of writing, REZ is down over 30% on a daily basis.

dYdX Chain now supports WIF

Meme coin’s wind has turned. Dogwifhat (WIF), one of the most popular meme coins of recent times, continues to lose ground. The token has seen a decline of around 9% in the last 24 hours. However, there was some good news for WIF. According to its official announcement, dYdX Chain now supports WIF.