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https://icodrops.com/ - Simple and beautiful ICO Calendar with independent ratings & analytics. With us it's impossible to miss the next great #ICO. 🚀 Contacts: @icodrops_support (for any questions)
Michael Egorov: “In other news, bad debt is ZERO now!”
https://x.com/newmichwill/status/1801607868602331545
Drift Protocol has released its checker for appellants
https://drift.foundation/contributors
💧 Recent Funding Rounds Backed by Top Tier Angels
👉 https://dropstab.com/investors
MultiversX is joining forces with CV Pad, a multichain launchpad.
As part of this partnership, MultiversX startups will now be able to launch on CV Pad.
https://multiversx.com/blog/multiversx-projects-launchpad-cvpad
https://x.com/MultiversX/status/1801542979397521781
A United States district court judge has signed off on the $4.5 billion settlement between Terraform Labs, its co-founder Do Kwon and the Securities and Exchange Commission.
Under the deal, Terraform will pay nearly $3.6 billion in disgorgement, a $420 million civil penalty and around $467 million in prejudgement interest.
On a joint basis with Terraform, Kwon agreed to pay $110 million in disgorgement and $14.3 million in prejudgment interest — along with an $80 million civil penalty.
https://cointelegraph.com/news/judge-approves-4-5b-terraform-sec-settlement
Injective has announced the Injective Builder House in Brussels
Date: July 10, 2024
Register now: https://lu.ma/InjectiveBuilderHouse
Paradigm has raised its third fund: an $850M venture fund focused on crypto projects at the earliest stage.
https://x.com/matthuang/status/1801283717664526835
Azuro Protocol introduces its airdrop criteria and checker
Check your allocations: https://azuro.org/app/airdrop
Docs: https://gem.azuro.org/concepts/azuro-score/airdrop
https://x.com/azuroprotocol/status/1801245082672107926
BNB Chain and Binance Labs launch BNB incubation Alliance (BIA) with top VCs and incubators to foster early-stage blockchain innovation
https://www.bnbchain.org/en/blog/bnb-chain-and-binance-labs-launch-bnb-incubation-alliance-bia
Manta Network launches $50M ecosystem fund
Out of the $50 million ecosystem amount, $35 million will be allocated to direct investments in promising projects on the Manta Network. Meanwhile, $10 million will be allocated as ecosystem grants. Finally, $5 million will go toward hackathons, $4 million for general grants, and $2 million will be dispensed for artificial intelligence, memecoin and ZK-specific projects.
https://cointelegraph.com/news/zero-knowledge-manta-network-50-million-ecosystem-fund
MicroStrategy announces proposed private offering of $500 million of convertible senior notes
https://x.com/saylor/status/1801202266768326895
Injective has burned over 6,000,000 INJ.
https://x.com/injective/status/1800884943477932289
U.S. President Joe Biden’s campaign is in discussions with cryptocurrency industry players about accepting crypto donations through Coinbase Commerce, sources familiar with the matter told The Block.
Coinbase Commerce, a payments service that allows merchants to accept dozens of cryptocurrencies, already powers crypto donations to presumptive Republican candidate Donald Trump’s campaign, which began accepting digital currency contributions last month.
https://www.theblock.co/post/299851/biden-campaign-in-talks-to-accept-crypto-donations-through-coinbase-commerce-sources
Stablecoin issuer Paxos has laid off around 20% of its staff despite being in a solid financial position.
https://www.theblock.co/post/299829/paxos-layoffs-cuts-workforce
Layer3 has raised $15 million in a Series A funding round.
ParaFi and Greenfield Capital co-led the round, with Electric Capital, Immutable, Lattice, Tioga, LeadBlock, Amber and others participating.
https://www.theblock.co/post/299755/layer3-funding-token-launch-airdrop
Cardano is handing over control of its $681.9 million treasury to its community.
https://coinedition.com/cardano-poised-to-hand-over-681-million-treasury-to-community/
Binance will support the Fetch.ai (FET), Ocean Protocol (OCEAN), and SingularityNET (AGIX) token merge to Artificial Superintelligence (ASI).
At 2024-07-01 03:30 UTC, deposits and withdrawals of Fetch.ai (FET), Ocean Protocol (OCEAN), and SingularityNET (AGIX) will be suspended.
https://www.binance.com/en/support/announcement/binance-will-support-the-fetch-ai-fet-ocean-protocol-ocean-and-singularitynet-agix-token-merge-e485541c370240adba3929fded74f269
💧Current state of the market in our weekly overview
dropstab | icodrops | twitter | telegram
TON has hit a new all-time high above $8
https://dropstab.com/coins/the-open-network
The crypto market is down
BTC Dominance - 53.67%
Market Cap - $2.45T
BTC - $66,737.99 (-1.27%)
ETH - $3,491.57 (-0.5%)
BNB - $600.7 (-1.29%)
IO - $4.78 (-18.52%)
STRK - $0.987 (-3.89%)
W - $0.475 (-5.26%)
https://dropstab.com
SEC Chairman Gary Gensler told Senator he envisions ETH Spot ETF S-1’s will likely be approved by the end of the summer.
https://x.com/EleanorTerrett/status/1801262188780265838
Sophon farming opens on June 18th at 18:00 UTC
Farming: https://farm.sophon.xyz/
Initial asset is Beam with more tba.
https://x.com/sophon/status/1801277574514872515
Michael Egorov: “The Curve Finance team and I have been working to solve the liquidation risk issue which happened today.
Many of you are aware that I had all my loans liquidated. Size of my positions was too large for markets to handle and caused 10M of bad debt. Only CRV market on lend.curve.fi (where the position was the biggest) was affected.
I have already repaid 93%, and I intend to repay the rest very shortly. It will help users not to suffer from this situation.”
https://x.com/newmichwill/status/1801255607137165390
The NEAR Foundation has spun off Nuffle Labs, which raised $13 million in funding.
Nuffle Labs builds out NEAR’s Data Availability Layer, the NEAR Fast Finality Layer and other tools in the NEAR modular product suite.
Additional funding came from Canonical Crypto, Fabric Ventures, Robot Ventures, Caladan, Lyrik Ventures and angel investors.
https://www.theblock.co/post/299845/near-foundations-new-independent-entity-nuffle-labs-raises-13-million-in-funding
Chris Amani, CEO of Terraform Labs, the developer of Terra blockchain, asked the community to take the reins as the firm plans to dissolve its operations
The firm, according to Amani, plans to sell its projects in the Terra ecosystem including Pulsar Finance, Station Wallet and Enterprise DAO.
This follows Terraform's massive $4.47 billion settlement with the U.S. Securities and Exchange Commission related to the UST algorithmic stablecoin, which dramatically collapsed in 2022.
https://www.theblock.co/post/299886/terraform-labs-dissolve-ceo-community-settlement
Curve founder Michael Egorov is currently borrowing $95.7M in stablecoins (mostly crvUSD) against $141M in CRV, across 5 accounts on 5 protocols.
Based on current rates, Egorov is paying $60M annualized in order to keep his positions open on Llamalend.
This is because there is almost no remaining crvUSD available for borrowing against CRV on Llamalend. 3 of Egorov’s accounts already make up over 90% of the borrowed crvUSD on the protocol.
The CRV price has decreased by 26% in 24 hours.
https://x.com/arkhamintel/status/1800943110886723596
Aethir introduces the Season 1 drop page and token mining details
Claim: https://claims.aethir.com/
https://www.aethir.com/blog-posts/aethir-checker-nodes-launch-start-earning-rewards
Terraform Labs agreed to pay $4.47 billion in fines after reaching a settlement with the U.S. Securities and Exchange Commission over its algorithmic stablecoin that fell dramatically in 2022.
https://www.theblock.co/post/299820/terraform-agrees-to-pay-4-47-billion-in-proposed-judgment-with-the-sec
The crypto market is growing
BTC Dominance - 53.60%
Market Cap - $2.51T
BTC - $68,239.13 (+1.63%)
ETH - $3,555.79 (+1.85%)
BNB - $617.2 (+2.97%)
IO - $5.78 (+50.55%)
STRK - $1.07 (+5.02%)
W - $0.5292 (+0.77%)
https://dropstab.com
Ripple has introduced Ripple USD (RLUSD): A 1:1 USD-backed stablecoin, offering transparency and stability on the XRP Ledger and Ethereum.
The stablecoin is coming later this year.
https://x.com/Ripple/status/1800892689044648393