Block.one, the startup behind theĀ EOS (EOS) blockchain ecosystem, has a major announcement in store for June 1.

According to the announcement’s teaser site, Block.one is gearing up to release a video that founder Dan Larimer has described as the “biggest news since [the] eosio announcement.”

There has been a flurry of speculation as to what the announcement could entail. According to Invest in Blockchain, Block.one could be gearing up to release news related to the Trump administration or even a new decentralized social media platform designed to supplant Steem.

As we previously reported, Block.one is currently offering to repurchase 10% of its stock, at a valuation of about $2.3 billion. Block.one did not publicly share the reasoning behind the share buyback, but the news does come roughly a year after the startup payed around $300 million to acquire 13.8% of its outstanding shares.

EOS’s major announcement couldn’t come at a better time, as the altcoin gained a listing on Coinbase’s retail platform on Thursday.

EOS is currently up over 13% on the day to $8.50, giving the altcoin a $7.79 billion market cap.

More: EOS Biggest Announcement Ever To Be Revealed Tomorrow
Similar: Bitfinex CTO Reveals Stablecoin Tether is Launching on EOS Blockchain

Disclaimer: This articleā€™s author has cryptocurrency holdings that can beĀ tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.



Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.