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US House approves FIT21 crypto bill with bipartisan support
The bill clarifies the roles the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have over digital assets.
https://cointelegraph.com/news/fit21-crypto-bill-house-vote-bipartisan
BlackRock files updated 19b-4 form for its spot Ethereum ETF.
https://watcher.guru/news/blackrock-files-updated-19b-4-form-for-spot-ethereum-etf
Justin Sun claimed the Binance Creator of the Year 2023 award.
https://x.com/justinsuntron/status/1793242946843889833
Cosmos introduces Hydro
Hydro is a bidding & governance platform for the efficient deployment of liquidity across the interchain ecosystem.
https://blog.cosmos.network/hydro-the-interchain-auction-platform-for-liquidity-exports-88fa1368d763
SEC Chair Gary Gensler pushed back against the FIT21 bill.
FIT21 is a joint bill produced by the House Agriculture Committee and the House Financial Services Committee, and is intended to clarify how the SEC and Commodity Futures Trading Commission (CFTC) oversee crypto. It creates a "digital commodity" term for digital assets that do not meet the bill's definition of a security, placing those assets under the CFTC's purview.
https://www.coindesk.com/policy/2024/05/22/secs-gensler-says-house-bill-would-undermine-regulators-crypto-capital-markets-oversight/
Clearpool is launching a yield vault for Hex Trust’s new stablecoin USDX on Flare.
https://x.com/ClearpoolFin/status/1792844655543115963
Taiko announced an airdrop
No details yet
Website: https://taiko.xyz/
https://x.com/taikoxyz/status/1792947662519443491
Donald Trump's presidential campaign officially accepts Bitcoin and crypto.
https://x.com/watcherguru/status/1793007848353345591 https://www.donaldjtrump.com/crypto#crypt-form
Fantom introduces Meme Season Competition
Meme Season aims to bring in new users and developers, providing them with the opportunity to experience its innovative technology.
Meme Season will be held in multiple rounds, the first of which will run from June 1–June 30 and offers a prize pool of up to 1 million sFTMx.
https://blog.fantom.foundation/introducing-meme-season-competition-up-to-10-million-sftmx-in-prizes/
ZkSync is planning a token generation event this week with a total token supply of 21 billion tokens, two sources told The Block.
The ZkSync token airdrop is expected to occur around June 13, according to an internal message screenshot seen by The Block.
https://www.theblock.co/post/295670/zksync-token-launch-airdrop
Phantom, the crypto wallet in the Solana ecosystem, has made its first acquisition by buying out Bitski, a wallet-as-a-service platform backed by high-profile investors, including Andreessen Horowitz (a16z) and Galaxy Digital.
https://www.theblock.co/post/295620/solana-wallet-phantom-bitski
deBridge introduces DBR
DBR is the governance token of the deBridge ecosystem, an SPL token on Solana.
DBR distribution breakdown:
▫️Community & Launch: 20%
▫️Core Contributors: 20%
▫️Strategic Partners: 17%
▫️Ecosystem: 26%
▫️deBridge Foundation: 15%
▫️Validators: 2%
Maximum supply: 10B
https://x.com/debridgefinance/status/1792876828052627522
💧 Top Blockchains by TVL Growth in the Last 7 Days
👉 https://dropstab.com/categories/blockchain
Nyan Heroes (NYAN) trading has started on ByBit and Gate.
NYAN is now trading at $0.28.
FDV: $280M
https://www.bybit.com/en/trade/spot/NYAN/USDT
https://www.gate.io/trade/NYAN_USDT
With ETH on the rise, TVL EigenLayer hit an all-time high of $18bn.
https://defillama.com/protocol/eigenlayer#information
The White House says it opposes passage of FIT 21 in its current form but also says it’s eager to work with Congress to “ensure a comprehensive and balanced regulatory framework for digital assets.”
https://x.com/eleanorterrett/status/1793287195937161481
Bitcoin and Ethereum ETPs approved for listing on the London Stock Exchange
WisdomTree has been granted approval by the Financial Conduct Authority [FCA] to list two physically backed cryptocurrency exchange-traded products [ETPs] on the London Stock Exchange [LSE]. These products, WisdomTree Physical Bitcoin [BTCW] and WisdomTree Physical Ethereum [ETHW] are set to begin trading by May 28, available exclusively to professional investors.
https://watcher.guru/news/bitcoin-ethereum-etps-garner-approval-on-london-stock-exchange
💧 Recent Funding Rounds Backed by Top Tier Angels
👉 https://dropstab.com/investors
Richard Teng continues CZ tradition and celebrates Bitcoin Pizza Day.
https://x.com/_RichardTeng/status/1792975616230199607
Hong Kong’s privacy watchdog has ordered the Worldcoin Foundation to cease all operations in the region.
https://www.theblock.co/post/295910/hong-kong-orders-worldcoin-halt-operations
Mocaverse announced MOCA airdrop details:
▫️Moca NFT has 10% of total MOCA supply allocation (i.e. 31.7% within entire Network Incentives allocation), and 1/3 will be unlocked at TGE (more details to be disclosed)
▫️Moca ID airdrop will be rolled out in 2 separate phases
▫️Increased TGE unlock of “Network Incentives” from 15% to 20%
▫️Maximum of total airdrop amount will be capped by the first 2 tranches of Network Incentives allocation unlock (1st - TGE unlock, 2nd - TGE + 1 month unlock)
▫️Considering to include external communities in airdrop distribution, including but not limited to strategic partnerships and marketing incentives
https://x.com/mocaversenft/status/1793142237397922140
Jupiter is kicking off the Giant Unified Market initiative to bring all assets into a single atomic market.
Whether it is memecoins, RWAs, stocks or forex, Jupiter wants to bring all these assets to Solana and index them on Jupiter.
The alliance includes 10 different projects/funds.
Over the next few months, Jupiter will be working with these partners to do 3 main things:
1. Onboard more assets onto Solana
2. Create liquid markets for these assets
3. Integrate these markets into Jupiter and encourage adoption
https://x.com/jupiterexchange/status/1792971740458693020
VanEck’s proposed spot ether ETF added to DTCC website
A total of 6 issuers have filed updated 19b-4 filings for the spot ether ETFs: VanEck, Fidelity, Franklin, Ark Invest, Grayscale, Invesco Galaxy.
Valkyrie decided not to apply for a spot ETH-ETF due to the ban on staking.
https://www.theblock.co/post/295863/vaneck-spot-ether-etf-dtcc
https://www.dtcc.com/charts/exchange-traded-funds
CryptoPunk #8796 was sold for 52 ETH ($191,596).
https://cryptopunks.app/cryptopunks/details/8796
Farcaster has announced a new $150M fundraise led by Paradigm with participation from a16z crypto, Haun, USV, Variant, Standard Crypto and others.
https://danromero.org/farcaster-update/
The U.S. securities regulator asked Nasdaq, CBOE and NYSE to fine-tune their applications to list spot ether exchange-traded-funds (ETFs), signaling the agency may be poised to approve the filings, four people familiar with the process told Reuters.
https://www.reuters.com/markets/us/us-sec-asks-exchanges-fine-tune-ether-etf-filings-positive-sign-approval-say-2024-05-21/
Fidelity has removed the possibility of staking rewards from its S-1 registration statement for its prospective Ethereum ETF.
Prior to this, ARK Invest and 21Shares also removed staking rewards from prospective Ethereum ETF.
https://www.theblock.co/post/295605/fidelity-ethereum-etf-staking-amendment
https://www.sec.gov/Archives/edgar/data/2000046/000119312524143277/d759655ds1a.htm
Vitalik Buterin: “We need an open decentralized (operator-free, governance-free) protocol for quickly moving assets from one L2 to another, and for that to be integrated into wallets' default sending interface.”
He also says that ENS is their most successful app.
https://x.com/VitalikButerin/status/1792793075007500350
Arthur Hayes has introduced a new article "The Easy Button"
https://cryptohayes.substack.com/p/the-easy-button
Linea has launched a dashboard to check points and early user status of the Linea Surge campaign
Checker: https://www.openblocklabs.com/app/linea/dashboard