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
Tether will unveil its new class of digital assets products on Monday 17th June
https://x.com/paoloardoino/status/1800883910496420060
🚀@blockDAGnetworkOfficial is revolutionizing blockchain with 100k+ investors and $50M raised! 🚀
💎 Testnet drops this summer
💎 Mobile mining app coming soon
💎 ICO price up 5x
🌟Find out more about the project and take part in the presale here 👇
https://bit.ly/3RpbqOh
#sponsored
CMT Digital is raising $150 million for its 4 fund focused on Web3
https://fortune.com/crypto/2024/06/11/cmt-digital-pantera-fourth-fund-150-million-web3-investments/
Taiko announced 12 Million TAIKO prize pool for the first season of the Trailblazers campaign
Activities to help users collect points:
▫️Bridging (ETH)
▫️Bridging (ERC20)
▫️Transaction volume
▫️Transaction count
▫️Block proposals
https://x.com/taikoxyz/status/1800582914905981426
XION is bringing Chain Abstraction to Solana via Picasso.
https://twitter.com/burnt_xion/status/1800530814670913980
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/
Spot Bitcoin ETFs had a net outflow of $200 million yesterday
https://farside.co.uk/?p=997
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
🔥 Bitcoin price has reached $69,9K (+4%) on lower inflation in the US
https://dropstab.com/coins/bitcoin
Aethir (ATH) trading has started on Bybit, OKX, Bitfinex.
ATH is now trading at $0.07.
FDV: $3.24B
https://www.bybit.com/en/trade/spot/ATH/USDT
Bithumb Korea will list ICP today at 9:00 UTC
https://feed.bithumb.com/notice/1644851
Arthur Hayes, co-founder and former CEO of the crypto exchange BitMEX, has joined Covalent, a blockchain data infrastructure startup, as its strategic advisor.
Hayes will be compensated in CQT tokens.
https://www.theblock.co/post/299535/arthur-hayes-covalent-advisor-cqt-token
Donald Trump: „Bitcoin mining may be our last line of defense against a CBDC“.
realDonaldTrump/posts/112601639679885930" rel="nofollow">https://truthsocial.com/@realDonaldTrump/posts/112601639679885930
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
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/
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