💧Current state of the market in our weekly overview
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Linea completes LXP distribution for Linea Park
https://lineascan.build/token/0xd83af4fbD77f3AB65C3B1Dc4B38D7e67AEcf599A
Due to forced donation for ZRO airdrop claiming, Arbitrum's transaction revenue exceeded ~$3.4M for the day
https://dune.com/datawarlock/arbitrum-economics
X (Twitter) has no plans to integrate cryptocurrency into the upcoming X Wallet
https://www.bloomberg.com/news/articles/2024-06-18/documents-show-how-musk-s-x-plans-to-become-the-next-venmo
Enso Finance announced Enso Community Auction on CoinList
https://x.com/EnsoFinance/status/1803863832269590962
The Commodity Futures Trading Commission is investigating Chicago-based trading firm Jump’s involvement in crypto, including inquiries into its trading and investment activity, according to a person familiar with the matter.
https://fortune.com/crypto/2024/06/20/cftc-jump-crypto-behnam-kanav-kariya-sec/
MicroStrategy completed its previously announced $800 million offering of 2.25% convertible senior notes due 2032 (the “notes”).
https://www.microstrategy.com/press/microstrategy-completes-800-million-offering-of-225-convertible-senior-notes-due-2032_06-20-2024
Lista (LISTA) trading has started on Binance.
LISTA is now trading at $0.7
FDV: $700M
https://www.binance.com/en/trade/LISTA_USDT
The Blast Airdrop is official 1 week away
Dapps must distribute all Gold and Points to users by June 25 in order for it to be counted.
If you are a User and your EOA has Points or Gold, you must have signed into your Blast dashboard with that EOA at least once (either by receiving an invite or linking it to an existing account) in order for it to be included in the airdrop calculations.
https://x.com/Blast_L2/status/1803478462964830553
Binance will list LayerZero (ZRO) and open trading for the following spot trading pairs at 2024-06-20 12:00 UTC.
https://www.binance.com/en/support/announcement/binance-will-list-layerzero-zro-with-seed-tag-applied-28a21b10ed23416386b40d263b71cd99
EIGEN stakedrop Phase 2 is now open
The addition of Phase 2 brings the total Season 1 distribution to about 113 million EIGEN.
This represents 6.7% of the 15% of the total EIGEN supply set aside for stakedrops.
Claim Window: Open now through September 7, 2024.
Bonus: All Season 1 users will receive the 100 EIGEN bonus, including the Phase 2 users.
Visit: claims.eigenfoundation.org
https://blog.eigenfoundation.org/claims-s1-p2/
Aethir joins forces with Sophon, a zkSync hyperchain focused on entertainment, AI, and gaming applications.
Aethir’s decentralized cloud infrastructure is launching on Sophon’s ZK Chain.
https://blog.aethir.com/blog-posts/aethirs-launch-on-sophons-zk-chain-and-node-swap
German government transfers 6,500 BTC to CEX
https://x.com/cointelegraph/status/1803411598041661559
Binance is launching HODLer Airdrops exclusively for BNB holders
Users who subscribe to Simple Earn using BNB will receive airdropped tokens issued by projects with a large token circulating supply that intend to soon list on Binance.
https://www.binance.com/en/support/announcement/binance-launches-hodler-airdrops-to-bnb-holders-59a0a10b835d4c3ab2ffbfca941e7d24
💧 Top Funding Rounds in the Last 7 Days
👉 https://dropstab.com/insights/latest-fundraising-rounds
Arthur Hayes has introduced a new article "Shikata Ga Nai”
https://cryptohayes.substack.com/p/shikata-ga-nai
Particle Network, a modular blockchain developer focused on chain abstraction technology, has raised $15 million in a Series A funding round.
The Spartan Group and Gumi Cryptos Capital co-led the round, with SevenX Ventures, Morningstar Ventures, Flow Traders, HashKey Capital and others participating.
https://x.com/ParticleNtwrk/status/1803795878253088913
https://www.theblock.co/post/301015/particle-network-token-funding-round
3iQ just filed to launch the first Solana ETF in Canada (and thus North America). Looking to launch under the ticker QSOL.
https://x.com/jseyff/status/1803884787813486892
Bryan Pellegrino (LayerZero CEO): I think the airdrop meta is just entirely broken.
https://x.com/PrimordialAA/status/1803811297072402696
The crypto market is neutral
BTC Dominance - 53.63%
Market Cap - $2.38T
BTC - $64,660 (-0.71%)
ETH - $3,503.44 (-1.32%)
BNB - $586.7 (-1.88%)
ZRO - $3.48 (-15.99%)
ZK - $0.1987 (-7.41%)
STRK - $0.729 (-0.01%)
W - $0.349 (-4.64%)
https://dropstab.com
LayerZero (ZRO) trading has started on ByBit.
ZRO is now trading at $4.1
FDV: $4.1B
https://www.bybit.com/en-EN/trade/spot/ZRO/USDT
AZUR is here
Double staking rewards
1. Stake before June 26, 2024, and earn 7.5% more AZUR in staking rewards
2. Use your staked AZUR to farm Sophon’s native SOPH in their farming program
https://x.com/azuroprotocol/status/1803404948119412746
LayerZero has introduced ZRO tokenomics
The ZRO supply is fixed at 1 billion tokens.
The allocation breakdown is as follows:
▫️38.3% to LayerZero Community, which includes distributions to users, developers, and community members
▫️32.2% to Strategic Partners with 3-year unlock, which includes investors and advisors
▫️25.5% to Core Contributors with 3-year vesting, which includes current and future team members
▫️4.0% Tokens Repurchased, which is pledged to the Community
Checker: https://www.layerzero.foundation/eligibility
https://info.layerzero.foundation/introducing-zro-d39df554a9b7
Andrew Kang: “Ethereum might hold up until ETF but I see upside capped at low $4k this year and downside in low/mid $2ks if flows disappoint/heavy ETHE selling.”
https://x.com/rewkang/status/1803563019936604606
The crypto market is neutral
BTC Dominance - 53.66%
Market Cap - $2.39T
BTC - $65,123.92 (-0.68%)
ETH - $3,547.09 (-1.04%)
BNB - $596.9 (-0.51%)
OP - $1.91 (-1.78%)
ZK - $0.2147 (-5.18%)
STRK - $0.732 (-3.01%)
W - $0.368 (-3.14%)
https://dropstab.com
Coinlist has announced the Nillion community round
The purchase period begins on June 19, 2024 at 17:00 UTC and ends on June 26, at 17:00 UTC.
FDV: $400M (same as Series A)
Allocated Supply: 35M NIL tokens (3.5% of total supply)
Price: $0.40
Purchase limits:
Capped: $100 min, $5k max
Uncapped: $5k+
TGE: Around late August, 2024
https://coinlist.co/nillion
Crypto investor Pantera Capital is raising a new $1 billion dollar fund.
Portfolio manager Cosmo Jiang said over $200 million of that is earmarked for AI.
https://www.dlnews.com/articles/fintech/pantera-capital-to-invest-over-200m-into-ai-crypto-projects/
Luca Netz X account suspended the CEO of Pudgy Penguins
https://x.com/epiknft/status/1803344676541305345
GCR: “2022 bet was in the middle of a bear market
current structure reminds me more of late summer 2020 after defi summer imploded; or even shades of summer 2021
but one shouldn't get too wedded to fractals; each cycle will play out differently
we're still in a bull market”
https://x.com/GiganticRebirth/status/1803168390628123067