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BounceBit (BB) partners with LayerZero (ZRO) for cross-chain interaction
BounceBit developers will be enabled to connect to over 70 other chains via LayerZero. Previously, BounceBit partnered with Ethena and launched BounceClub Mainnet. BounceBit is an EVM-compatible Layer 1 BTC restaking chain.
👉 x.com/LayerZero_Labs/status/1801440791111549226
Chromia (CHR) kicks off the Incentivized Testing Program
The Incentivized Testnet features HackNet, ProjectNet, and QuestNet programs for hackers, builders, and the community, with up to 250K worth of CHR tokens up for grabs. Chromia is a Layer-1 relational blockchain platform.
👉 x.com/Chromia/status/1800892301847536013
Top-15 Real World Assets (RWA) Coins by Market Capitalization
Real World Assets (RWA) in crypto refers to tokenizing tangible assets from the physical world and issuing digital securities on-chain for retail customers.
AIT Protocol (AIT) partners with Vanar (VANRY)
Through this collaboration, Vanar ecosystem partners can utilize AI machine-learning tools for accessing talent and accelerating business data analysis. AIT Protocol is a Web3 data platform specializing in data annotations and AI model training.
👉 x.com/AITProtocol/status/1801224663927763428
Manta Network (MANTA) launched a $50 million EcoFund
The $50M program will last for a year starting from June 15th and will be used for the direct investments ($35M), grants program ($10M) & events and hackathons ($5M). Manta Network is the multi-modular ecosystem for zero-knowledge applications.
👉 mantanetwork.medium.com/manta-foundation-50m-ecofund-now-open-to-applications-e894660c7e89
Paradigm raises $850M for its third crypto fund
The fund will be used to invest in crypto projects at an early stage. It is Paradigm’s largest raise since it closed a $2.5B fund in November 2021. Paradigm is an investor in several notable crypto companies, including Coinbase, Fireblocks, Blast, Optimism and many more.
👉 paradigm.xyz/2024/06/paradigms-third-fund
Pirate Nation (PIRATE) has been listed on Coinbase
A16z-backed crypto gaming studio Proof of Play’s crypto game "Pirate Nation" is a free-to-play pirate-themed roleplaying game. Fully Diluted Valuation is $344M. 24h Trading Volume is $71.2M.
👉 x.com/CoinbaseAssets/status/1801291651500949563
Web Traffic Spotlight in May: NFT Marketplaces
Web traffic info shows how many users visited a website. The website viewership helps understand the popularity of the website, website audience geography, and other valuable details.
Data provided by similarweb.com
RunesTerminal (RUNI) will hold its IDO on CV Pad on June 18th
The registration period is now live. RUNI sale price - $0.945. Sale Hard Cap - $30K. Initial Marketcap - $1.39M. Diluted Valuation - $19.8M. Vesting - 50% at TGE, then linear vesting over 2 months. RunesTerminal is an infrastructure provider on Bitcoin.
👉 medium.com/@runesterminal/runesterminal-ido-on-cv-pad-detailed-timeline-and-what-to-expect-90d907ae4abf
Ripple has unveiled Ripple USD (RLUSD) stablecoin
Ripple USD is a 1:1 USD-backed stablecoin on XRP Ledger and Ethereum. Ripple hasn’t specified a launch date, but it is expected to take place later this year. Ripple is a fintech company that builds payment systems, while XRP is an independent digital asset.
👉 x.com/Ripple/status/1800891713084613039
Cookie3 (COOKIE) conducted its listing on multiple exchanges
COOKIE token trading is now live on Bybit, KuCoin, Gate, MEXC Global & Bitget. Current Price is $0.122. Market Capitalization is $7.2M. Diluted Valuation is $122M. Cookie3 is building a set of MarketingFi platforms and Web3 AI marketing solutions.
👉 x.com/Cookie3_com/status/1801194114903675388
Terraform Labs to pay $4.47B to resolve a lawsuit filed by SEC
Under the proposed judgement Terraform would pay $3.58B in disgorgement, $420M in a civil penalty and block Do Kwon from becoming an director of any public firm. Kwon would also have to pay about $204 million toward a harmed investors.
👉 theblock.co/post/299820/terraform-agrees-to-pay-4-47-billion-in-proposed-judgment-with-the-sec
Crypto Events Recap, June 11-12
👉 cryptodiffer.com/feed/project-updates/crypto-events-recap-june-11-12-2024
MetaMask has rolled out a pooled staking service for Ethereum
Users will be able to stake any amount of ether to contribute to Ethereum network security and earn validator rewards. The pooled staking service is being rolled out in phases, available to a portion of eligible users from today excluding US and UK users.
👉 theblock.co/post/299709/metamask-pooled-staking-ethereum
Arthur Hayes joins Covalent as a strategic advisor
Hayes seeks to help Covalent become the leading infrastructure startup and to serve the artificial intelligence industry. Founded in 2019, Covalent provides data infrastructure for over 225 networks, including Bitcoin and Ethereum.
👉 theblock.co/post/299535/arthur-hayes-covalent-advisor-cqt-token
Bondex (BDXN) has received an investment from Animoca Brands
The new capital will be used to enhance the platform and its integration within Animoca ecosystem as the project gears up for a TGE, with further expansion of the Bondex app. Bondex is a Web3 talent ecosystem combining a talent network and marketplace.
👉 x.com/bondexapp/status/1801255556910404024
Mystiko Network (XZK) to conduct its initial listing on Bybit
XZK trading will go live on June 18th at 10:00 AM UTC. On the same day, users will be able to check the airdrop points, while the claim portal will go live on July 18th. Mystiko is the ZK layer of Web3 which provides a universal ZK protocol & a ZK software development kit.
👉 x.com/MystikoNetwork/status/1801302740754395399
The Graph (GRT) transitioned to a fully decentralized data layer
Following the completion of the Sunrise initiative, subgraphs upgraded from centralized hosting services to the globally distributed network. Subgraphs allow developers to efficiently extract and organize data from blockchains for use in dApps.
👉 x.com/graphprotocol/status/1800949237619761565
Sophon (SOPH) unveiled plans to launch farming on June 18th
The initial asset is Beam with more details to be announced soon. Previously, Sophon conducted its node sale attracting more than $60 million in funds from investors. Sophon is a community-driven ecosystem leveraging zkSync's Hyperchain technology.
👉 x.com/sophon/status/1801277574514872515
BNB Chain and Binance Labs partners to launch an Incubator
BNB Incubation Alliance (BIA) plans to support early-stage projects through a series of global events, the most valuable builder (MVB) program, BNB grants, access to the Launch-as-a-Service (LaaS) package, and potential Binance Labs investment opportunities.
👉 bnbchain.org/en/blog/bnb-chain-and-binance-labs-launch-bnb-incubation-alliance-bia
Top 15 projects by positive market sentiment on Oriole Insights
Oriole Insights is a gamified prediction platform harnessing collective wisdom. The list of projects by Bullish expectations with a minimum of 50 predictions and 500 ORI pooled.
👉 https://app.orioleinsights.io/projects
DAILY CRYPTOMARKET REVIEW
Total Market Capitalization: $2.57T (-0.49%)
BTC Price: $66,968 (-0.90%)
BTC Dominance: 51.4% (-0.10%)
Fear & Greed Index: 74 (Greed)
Total Value Locked: $164B (-0.15%)
Nuffle Labs has secured $13 million in a Strategic funding round
The funding was led by NEAR Foundation and Electric Capital. Additional funding came from Canonical Crypto, Fabric Ventures, Robot Ventures, and other angel investors. Nuffle Labs builds out NEAR’s Data Availability Layer, the NEAR Fast Finality Layer, and other tools in the NEAR modular product suite.
👉 theblock.co/post/299845/near-foundations-new-independent-entity-nuffle-labs-raises-13-million-in-funding
Top-15 Total Value Locked (TVL) gainers in the last 30 days
Among the top performers are Pencils Protocol, a platform that offers auction services for blockchain native assets and RWAs, Colend Protocol, a borrow protocol on the Core blockchain, and Puff Penthouse, a memecoin farm on Mantle.
Curve founder faces liquidation after sharp CRV price drop
According to Arkham, Michael Egorov is close to seeing $140M of CRV liquidated. He borrowed around $95.7M in stables, primarily crvUSD, against $141M in CRV. According to the latest updates, Egorov’s $20.2M position on UwULend has been liquidated.
👉 theblock.co/post/299864/curve-founder-loan-positions-liquidation-risk
Moonbeam (GLMR) launches a $13M funding initiative
The $13M package is focused on gaming & RWA tokenization and consists of a $10M innovation fund, $1.5M in Moonbeam eco grants, and $1.5M in Moonriver grants. Moonbeam is a Polkadot-based smart contract platform for building cross-chain apps.
👉 moonbeam.network/news/usd13m-in-funding-fueling-ecosystem-growth-for-gaming-rwas-and-moonriver
DAILY CRYPTOMARKET REVIEW
Total Market Capitalization: $2.59T (+0.22%)
BTC Price: $67,635 (+0.37%)
BTC Dominance: 51.5% (0.00%)
Fear & Greed Index: 70 (Greed)
Total Value Locked: $164B (+0.23%)
Top-15 Cross-Chain Bridges by volume in the last 30 days
A cross-chain bridge is a type of decentralized application that enables the transfer of assets from one blockchain to another.
Lido introduces the Restaking Vaults in collab with Symbiotic and Mellow Finance
A Lido DAO initiative offers Lido's partnering with Mellow, a yield generation platform with restaking "vaults," and Symbiotic, a restaking protocol. Under this initiative, traders will gain access to restaking tools that could help return Lido stETH to center stage.
👉 coindesk.com/tech/2024/06/11/lido-introduces-restaking-vaults-in-collaboration-with-symbiotic-mellow-finance
Layer3 has announced a closure of a $15M Series A funding round
ParaFi and Greenfield Capital co-led the Series A funding round. Other investors include Electric Capital, Immutable, Lattice, Tioga, LeadBlock, and Amber. Layer3 is a token distribution protocol.
👉 theblock.co/post/299755/layer3-funding-token-launch-airdrop
