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In some ways, the release of EigenLayer's native EIGEN token this week was as expected; price rapidly rose moments after it was listed on exchanges, leading to a period of price discovery that culminated in a 22% slide from it's momentary record high

Some 45% of the EIGEN token supply will go towards the EigenLayer community, while investors will be allocated 29.5% of the token supply, and 25.5% will go towards early contributors.

Some 45% of the EIGEN token supply will go towards the EigenLayer community, while investors will be allocated 29.5% of the token supply, and 25.5% will go towards early contributors.

The "restaking" protocol with $15 billion in deposits won't pay rewards to depositors and is missing its mission-critical "slashing" feature.

The fundraise was led by Hack VC and included contributions from DAO5, L2Iterative, NomadCapital_io, FinalityCap, Symbolic VC and Theta Capital.

The new product aims to give access to T-Bill investments for individuals and organizations who were previously unable to invest in these products, the press release said.

Bukele spoke during the commemoration of 203 years of El Salvador independence.

Monday’s bitcoin rally propelled El Salvador and Bhutan’s crypto stashes to $500 million and $1.1 billion respectively.

The country in 2021 became the first nation to adopt bitcoin as legal tender.

El Salvador is sitting on a $12.6 million unrealized profit on its bitcoin investment after being in the red for two years.