Dapper Labs, the creator of the NBA Top Shot Moments NFT collection, settled a class-action lawsuit alleging the company violated securities laws by improperly selling the digital collectibles.
"The settlement in the Friel vs. Dapper Labs case further asserts Dapper Labs’ conviction that NBA Top Shot Moments are not securities under federal law," the Dapper Labs said in a statement.
https://x.com/roham/status/1797832569238483244
https://www.theblock.co/post/298286/dapper-labs-settles-nba-top-shot-moments-lawsuit-for-4-million
The Commodities Futures Trading Commission has named Mo Shaikh, co-founder and CEO of Aptos Labs, to its subcommittee on digital assets.
Others on the 34-person digital assets subcommittee include executives from BlackRock, Polygon Labs, Uniswap Labs, and BNY Mellon.
https://www.dlnews.com/articles/regulation/aptos-labs-mo-shaikh-cftc-digital-assets-subcommittee/
XOXNO, the MultiversX digital asset marketplace, is coming to xLaunchpad.
Full timeline to be published June 10.
https://twitter.com/beniaminmincu/status/1797680415979008405
🚀Bitcoin Ecosystem Tokens Launched in 2024 by FDV
💧 https://dropstab.com/categories/bitcoin-ecosystem
GameStop (GME) price has increased by more than 220% after Roaring Kitty disclosed his latest position in the stock.
https://www.theblock.co/post/298103/gamestop-roaring-kitty-memecoins-keith-gill-reddit
Arbitrum overtakes Ethereum in monthly active users.
https://x.com/sgoldfed/status/1797349402144547197
Matter Labs, the company incubating the ZkSync Ethereum Layer 2 network, has dropped all attempts to trademark the term "ZK".
https://www.theblock.co/post/298036/matter-labs-drops-zk-trademark-applications-following-backlash-from-leading-projects
https://x.com/the_matter_labs/status/1797343779189403825
The Notcoin (NOT) price has increased by ~70% in 24 hours.
FDV: $2.49B
https://dropstab.com/coins/notcoin
Tether co-founder Brock Pierce teases possible return to Hong Kong, says China will open to cryptocurrencies
https://www.scmp.com/tech/blockchain/article/3264679/tether-co-founder-brock-pierce-teases-possible-return-hong-kong-says-china-will-open
The Hong Kong SFC required license applicants to promise that they would not develop mainland Chinese users in any region of the world, which led to exchanges such as Binance ,OKX, HTX, Gate withdrawing their applications.
https://x.com/wublockchain/status/1796886069700628689
MANTRA launches RWA savings vault powered by Ondo’s USDY
▫️RWAs are coming on MANTRA
▫️ONDO’s USDY Vault, interest-bearing tokenized note, is launching on MANTRA
▫️Provides exposure to short-term US Treasuries
▫️ONDO’s USDY vault is sitting at 450mn TVL
https://mantrachain.medium.com/mantra-launches-rwa-savings-vault-powered-by-ondos-usdy-3b12d96d81c2
https://x.com/mantra_chain/status/1796619519030358462
U.S. President Joe Biden vetoed a bill to overturn a controversial Securities and Exchange Commission bulletin, SAB 121, establishing accounting standards for firms that custody crypto.
https://www.theblock.co/post/297885/biden-vetoes-bill-overturning-sab-121-says-standard-necessary-for-crypto-innovation
Uniswap Foundation delays vote for token staking and delegation rewards.
https://x.com/UniswapFND/status/1796590521072119927
https://www.theblock.co/post/297879/uniswap-foundation-delays-vote-for-token-staking-and-delegation-rewards-uni-falls-8-7
Injective has shared the brand new Ninja Masters Referral Program
Ambassadors can now earn rewards by inviting new members and earn more rewards when their referees invite others.
https://injective.xyz/ambassador_referral
https://x.com/injective/status/1796554653330530567
DeFi protocol on StarkNet Nostra Finance announces its LBP sale
Tokenomics
▫️Total supply: 100,000,000 NSTR
▫️100% unlocked on launch
▫️11% airdropped to the community on TGE
▫️Future airdrops: 14%
▫️Snapshot: soon
▫️Liquidity Bootstrapping Pool (LBP): 10-13 June
▫️Token Generation Event (TGE), including airdrop: 17 June
▫️NSTR will be live in both mainnet and Starknet
https://x.com/nostrafinance/status/1797634539021562084
On 2024-06-30, the new MiCA stablecoin rules will come into effect across the European Economic Area (EEA) and Binance will restrict the availability of Unauthorized Stablecoins for EEA users across its product offerings.
https://www.binance.com/en/support/announcement/mica-stablecoin-rules-implementation-announcement-884c621e335540e0add5fdce31597121
The crypto market is neutral
BTC Dominance - 52.64%
Market Cap - $2.59T
BTC - $69,191.25 (+1.26%)
ETH - $3,775.07 (-0.86%)
BNB - $629.7 (+3.55%)
ARB - $1.1 (-1.14%)
STRK - $1.22 (-0.27%)
W - $0.686 (+6.72%)
ZK - $1.14 (-3.27%)
https://dropstab.com
A user claimed that his OKX account was hacked by AI and over 2 million USD was stolen
https://www.wublock123.com/index.php?m=content&c=index&a=show&catid=46&id=27855
Since March, more than 500k new tokens have been issued on the Base network, including 240k new tokens in April and 177k new tokens in May.
https://x.com/wublockchain/status/1797551773470834938
https://dune.com/queries/3729319/6272382
Binance will delist OMG, WAVES, WNXM, XEM on 2024-06-17 at 3:00 UTC.
https://www.binance.com/en/support/announcement/binance-will-delist-omg-waves-wnxm-xem-on-2024-06-17-f65faeeefe07417a8b6dd2900ba8da7e
The crypto market is neutral
BTC Dominance - 52.37%
Market Cap - $2.57T
BTC - $68,434.24 (+0.99%)
ETH - $3,799 (-0.26%)
BNB - $607.4 (+0.6%)
ARB - $1.12 (-0.67%)
ONDO - $1.41 (+1.93%)
STRK - $1.23 (+3.38%)
W - $0.653 (+5.17%)
https://dropstab.com
U.S. Senator in Texas Ted Cruz bought 3 Bitcoin miners
https://x.com/tedcruz/status/1796660168781955314
Velocore, DEX on zkSync and Linea, hacked for 1,807 ETH (~$6.8m)
https://x.com/velocorexyz/status/1797102058157539839
The crypto market is neutral
BTC Dominance - 52.11%
Market Cap - $2.56T
BTC - 67,802.59$ (+0.12%)
ETH - 3,806.48$ (+0.87%)
BNB - 603.7$ (+1.47%)
ARB - 1.13$ (+0.46%)
STRK - 1.18$ (+1.32%)
W - 0.616$ (+3.46%)
https://dropstab.com
Kyber Network has updated its product roadmap for 2024 – 2025
The roadmap is divided on 3 distinct components of Kyber Network Ecosystem, namely:
1. KyberSwap API
2. KyberSwap.com
3. KyberDAO (KNC)
https://blog.kyberswap.com/kyber-network-product-roadmap-2024-2025/
Franklin Templeton, VanEck and Invesco Galaxy file amended S-1 for spot Ethereum ETFs.
https://www.theblock.co/post/297892/franklin-templeton-files-amended-s-1-for-spot-ethereum-etf-lists-0-19-fee
Binance’s founder Changpeng Zhao has reported to a low-security federal prison in Lompoc, California.
https://www.cnbc.com/2024/05/31/binances-ex-ceo-changpeng-zhao-begins-prison-sentence-in-southern-california.html
The crypto market is neutral
BTC Dominance - 52.23%
Market Cap - $2.55T
BTC - 67,710$ (-1.34%)
ETH - 3,778.99$ (+0.38%)
BNB - 595.3$ (+0.14%)
ARB - 1.12$ (-0.97%)
STRK - 1.17$ (-1.69%)
W - 0.596$ (+4.26%)
https://dropstab.com
Japanese Crypto Exchange DMM Bitcoin Suffers $305M Hack
4,502.9 BTC ($305 million) was stolen from the exchange.
DMM Bitcoin said it will guarantee the full amount stolen.
All spot buys have been temporarily restricted and customers withdrawing yen may face delays.
The BTC price is trading at $67.3k.
https://www.coindesk.com/business/2024/05/31/japanese-crypto-exchange-dmm-bitcoin-suffers-305m-hack/