News of cryptocurrencies of the 3th week of September 2024

BTC ETH BASE SOL Solana Tether
  1. EigenLayer Restaking Protocol Will Distribute Tokens Among Community Members
  2. TOKEN2049 and Solana Breakpoint Conferences Kick Off This Week.
  3. The US Federal Reserve will announce its interest rate decision on Wednesday.

EigenLayer Restaking Protocol Will Distribute Tokens Among Community Members

In total, the EigenLayer team will distribute 86 million tokens. The distribution will look like this: 70 million EIGEN (4.2% of the initial supply) will go to those who actively staked and operated nodes during the second season 10 million EIGEN (0.6% of the initial supply) will go to ecosystem partners - AVS, LRT, Rollups and other important contributors to EigenLayer 6 million EIGEN (0.35% of the initial supply) will go to active community members, such as open-source developers and early supporters

This Tuesday, the EigenLayer restaking protocol will begin its second season of distributing EIGEN tokens among its ecosystem participants – namely, stakers, operators, and ecosystem partners.

TOKEN2049 and Solana Breakpoint Conferences Kick Off This Week

One of the largest events in the crypto world, the TOKEN2049 conference, will begin in Singapore in the middle of the week. This year, the event will be attended by more than 20,000 crypto enthusiasts. Solana Labs CEO Anatoly Yakovenko, Binance CEO Richard Teng, and renowned trader Arthur Hayes are expected to speak on the main stage of Token 2049.

Solana Breakpoint Conference 2024 - September 20-21 The annual Solana Breakpoint conference kicks off in Singapore later this week.

The US Federal Reserve will announce its interest rate decision on Wednesday.

The US Federal Reserve will announce its interest rate decision on Wednesday.

The next meeting of the US Federal Reserve on the key interest rate will begin this Tuesday. The rate is currently at 5.50%. The regulator has been keeping it in this range for almost a year - since July 2023. This time, the Fed is expected to lower the rate. Investors assume that the agency will lower the rate by 50 basis points (bp) - the probability of such an outcome is 59%. At the same time, the market estimates a decrease of 25 bp at 41%. Due to the lack of clarity ahead of the meeting, cryptocurrencies continue to experience turbulence. From the Fed's point of view, maintaining the interest rate at a high level will not allow investors to switch their attention to high-risk assets - for example, cryptocurrency.

Plutonex