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ICO Drops - ICO News & Alerts

A federal jury found Hunter Biden guilty on three federal felony gun charges, concluding that he violated laws meant to prevent drug addicts from owning firearms.

This marks the first time a sitting president's son has been found guilty of a crime while his father is in office.

https://www.theblock.co/post/299579/political-memecoins-broadly-sell-off-even-as-hunter-boden-spikes-after-guilty-verdict

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ProShares filed an S-1 registration statement for its spot Ethereum ETF

According to the filing, Coinbase Credit will serve as the company’s trade credit lender, allowing it to borrow Ethereum (ETH) and cash for certain transactions that exceed its trading balance.

Bank of New York Mellon will serve as transfer agent, processing purchase and redemption orders and maintaining fund ownership records.

https://cryptoslate.com/proshares-files-s-1-for-spot-ethereum-etf-expands-on-bny-mellon-and-coinbase-roles/

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The token merger involving Singularity NET, Fetch AI, and Ocean Protocol has been rescheduled for July 15, 2024, moved from June 13.

https://x.com/Fetch_ai/status/1800541764740342055

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ICO Drops - ICO News & Alerts

io.net (IO) trading has started on Binance, ByBit, Gate, Bitget, KuCoin.

IO is now trading at $3.4

FDV: $3B

https://www.binance.com/en/trade/IO_USDT

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ICO Drops - ICO News & Alerts

In collaboration with eCornell, a provider of online education, MultiversX is launching a pioneering educational initiative.

https://multiversx.com/blog/ecornell-blockchain-essentials-course

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ICO Drops - ICO News & Alerts

Correction continues: BTC 67,600, ETH 3,530

https://dropstab.com/

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ICO Drops - ICO News & Alerts

US spot bitcoin ETFs see $65 million in net outflows, ending 19-day inflow streak

https://www.theblock.co/post/299429/us-spot-bitcoin-etfs-65-million-net-outflows
https://sosovalue.xyz/assets/etf/us-btc-spot

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ICO Drops - ICO News & Alerts

Uniswap Labs has acquired Crypto: The Game

https://decrypt.co/234608/uniswap-labs-acquires-crypto-game-next-season

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ICO Drops - ICO News & Alerts

Bryan Pellegrino: “Ok since it's coming up a ton today, here is how we're currently thinking about eligibility from a wide lens.

The focus is clearly on real users and the fairest and broadest distribution of highly aligned, most durable users.

A lot of this is informed by results of the Sybil process and any real final definition will come directly from LayerZero vs my ramblings

6M initial wallets
3M have sent < 5 tx lifetime, so let's say 3M wallets to really consider.

All transactions < $1.00 deweighted -80% but still count just at 1/5th the rate of a normal tx

All 'valueless NFT' tx deweighted -80% but still count, just at 1/5th the rate of normal tx (In this case valueless is defined as having a listed marketplace value of < 0.00001 ETH or minimal lifetime volume)

These 2 alone deal with most of the inorganic network spam that has largely disappeared post-snapshot.

Things like gas-drop count as valid tx

from there normalize tx based on protocol fees specifically (not the fee to the underlying blockchain the tx was processed on)

min value on this is eligibility criteria, max value/upper bound as well

multipliers based on things like early usage (had played with the idea of block reward/halving style distribution being replayed over tx history but discarded for complexity)

cliffs: Remove sybil, remove spam, semi-linear with upper bound cap, reward early users, reward durable users, RFP to reward all non-standard protocol interaction like LP/etc., focus on fairest and most optimal distribution for protocol”

https://x.com/PrimordialAA/status/1800329243802443889

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ICO Drops - ICO News & Alerts

Lykke cryptocurrency exchange has halted withdrawals after suffering the $22 million exploit on June 4.

The exchange claimed that users’ funds “are safe and will be recovered.”

https://cointelegraph.com/news/lykke-crypto-exchange-acknowledges-hack-halting-withdrawals
https://x.com/lykke/status/1800186135299408013

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The crypto market is down
BTC Dominance - 53.58%

Market Cap - $2.51T
BTC - $68,415.29 (-1.67%)
ETH - $3,602.07 (-2.15%)
BNB - $624.8 (-6.28%)
ARB - $0.9478 (-1.52%)
STRK - $1.09 (-4.09%)
W - $0.551 (-13.54%)
SMH - $1.9 (+4.49%)

https://dropstab.com

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ICO Drops - ICO News & Alerts

Polyhedra Network Staking Program is now live

https://x.com/polyhedrazk/status/1800025891319542155

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ICO Drops - ICO News & Alerts

⚡️ Top Node Sales by Funds Raised

💧 DropsTab

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ICO Drops - ICO News & Alerts

zkSync has announced an event for tomorrow

https://x.com/zksync/status/1799911289894076655

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ICO Drops - ICO News & Alerts

Andrei Grachev: “ Google search is decreasing since March 2024.
Stable BTC = confidence, But BTC can't go 50x, at least now, but alts can. If BTC stable, I'd expect a bull run within a few months.”

https://x.com/ag_dwf/status/1799894673978196348

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ICO Drops - ICO News & Alerts

Mistral AI has closed its Series B funding round, raising €600 million (around $640 million at today’s exchange rate) in a mix of equity and debt.

General Catalyst led the round.

As TechCrunch previously reported, the startup is now valued at $6 billion following this funding round.

Investors: Lightspeed Venture Partners, Andreessen Horowitz, Nvidia, Samsung Venture Investment Corporation, and Salesforce Ventures.

Other investors include Belfius, Bertelsmann Investment, BNP Paribas, Bpifrance (through its Digital Venture fund), Cisco, Eurazeo, Headline, Hanwha Asset Management’s venture fund, IBM, Korelya Capital, Latitude, Millennium New Horizons, Sanabil Investments, ServiceNow and SV Angel.

https://techcrunch.com/2024/06/11/paris-based-ai-startup-mistral-ai-raises-640-million/

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ICO Drops - ICO News & Alerts

Spot Bitcoin ETFs had a net outflow of $200 million yesterday

https://farside.co.uk/?p=997

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ICO Drops - ICO News & Alerts

The crypto market is down
BTC Dominance - 53.81%

Market Cap - $2.47T
BTC - $67,364.79 (-1%)
ETH - $3,503.61 (-1.77%)
BNB - $605.9 (-2.71%)
ARB - $0.9388 (-0.59%)
STRK - $1.03 (-4.62%)
W - $0.517 (-6.51%)
IO - $3.8 (+6.30%)

https://dropstab.com

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ICO Drops - ICO News & Alerts

👀 The Most Popular ZK Airdrop Participants

👉 @fomo

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ICO Drops - ICO News & Alerts

Binance Labs has invested in Zircuit

The amount of the investment was not disclosed.

The mainnet is coming in July.

https://www.binance.com/en/blog/ecosystem/binance-labs-invests-in-zircuit-to-advance-l2-with-aienabled-sequencer-level-security-1403715297509312064

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ICO Drops - ICO News & Alerts

zkSync introduced its tokenomics and airdrop checker

These ZK tokens are locked for the first year and then unlock over the course of 3 years, between June 2025 to June 2028. 

Checker: https://claim.zknation.io/
Docs: https://blog.zknation.io/zk-token/

https://x.com/thezknation/status/1800424206129357194

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ICO Drops - ICO News & Alerts

Perhaps affected by recent rumors of security incidents, OKX has seen significant outflows.

Defillama shows that OKX has seen an outflow of $204m in the past 24h and $630m in the past 7d, exceeding the total outflows of other exchanges.

Binance has seen a net inflow of $1.364 billion in the past 7d.

https://x.com/wublockchain/status/1800368569076838799

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ICO Drops - ICO News & Alerts

Ethereum layer-2 Optimism has implemented fault proofs into its smart contracts, according to its development team, OP Labs.

At least four other OP Stack networks will implement the fault proofs “soon,” including Base, Metal, Mode, and Zora.

https://cointelegraph.com/news/optimism-reaches-stage-1-decentralization-implementing-fault-proofs

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ICO Drops - ICO News & Alerts

UwU Lend, a decentralized finance (DeFi) protocol, has been exploited for over $20M. The attack is ongoing, affecting multiple assets.

https://cointelegraph.com/news/uwu-lend-hack-20-million

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ICO Drops - ICO News & Alerts

Yesterday evening Bitcoin reached $70k.
BTC is now trading at $68.3k.

https://dropstab.com/coins/bitcoin

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ICO Drops - ICO News & Alerts

ZKsync has introduced ZK Nation

ZK Nation is a community driven by a shared purpose to govern, defend, and grow the ZKsync protocol.

https://blog.zknation.io/introducing-zk-nation/

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ICO Drops - ICO News & Alerts

South Korea’s Financial Services Commission published a new set of guidelines for regulating NFTs, according to Yonhap news agency.

The new guidelines reportedly stated that the Financial Services Commission (FSC) will regulate certain NFTs as regular cryptocurrencies if they are deemed to no longer possess the unique qualities that distinguish them from cryptocurrencies.

https://www.theblock.co/post/299196/south-korea-new-nft-guideline

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ICO Drops - ICO News & Alerts

The ALEX Lab Foundation has restored liquidity and all ALEX pools are now open

https://x.com/ALEXLabBTC/status/1799755503129530556

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ICO Drops - ICO News & Alerts

Bryan Pellegrino stated that the final Sybil list will be released by the end of the month.

https://x.com/PrimordialAA/status/1799952829723123846

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ICO Drops - ICO News & Alerts

The crypto market is neutral
BTC Dominance - 53.40%

Market Cap - $2.57T
BTC - $69,586.01 (+0.47%)
ETH - $3,682 (+0.23%)
BNB - $668.8 (-0.86%)
STRK - $1.14 (+1.38%)
W - $0.638 (-0.51%)
SMH - $1.77 (-1.66$%)
ORDI - $57.62 (-4.64%)

https://dropstab.com

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