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Publications

@lens/vitalik criticized current U.S. cryptocurrency regulations for pushing honest developers into a corner while allowing scammers to thrive. He called the situation an "anarchic tyranny"& proposed limiting leverage,requiring audits & controlling usage through knowledge tests to combat unproductive crypto activities.
Dan Romero, Farcaster's co-founder, announced a new in-app payment feature for Warpcast, enabling USDC payments without searching for addresses. It offers instant confirmation and is free of charge, enhancing user experience and reinforcing Farcaster's market position.
@cmon @1_CryptoMAN @Antonella @Monniverse
🔥 Latest cryptocurrency market news (June 27) 1. A dormant BTC miner who had been inactive for 14 years has woken up, sending 50 BTC to Binance. 2. Reuters reports that ETF trading on Ethereum could start on July 4th, but this hasn't significantly affected the price of ETH. Bitcoin ETF has been positive for the second day, gaining $21 million, but the market price remains below $61k. 3. Turkey has enacted crypto regulations, granting the state the right to control transactions. Working without a license can result in fines from $7,500 to $182,600 or imprisonment for 3-5 years. Crypto fraud is punishable by 14-22 years in prison. 4. Mining company Marathon has announced the start of Kaspa mining.
Latest Top 5 Cryptocurrency Market News (June 26) 1. Traders Are Optimistic About Bitcoin's Daily RSI, Which Is In The Oversold Zone, With Past Gains Of 60%, 63%, And 196%. 2. Bitcoin ETFs Saw a $31M Inflow After 7 Days Of Sell-offs; BTC Needs To Consolidate Above $62K And $64K For Further Gains. 3. The Largest WIF Whale Bought $4.65M More Dogecoin, Increasing His Holdings To $49.6M. 4. Hackers Compromised Metallica's Twitter To Promote a Fake Token, But Control Has Been Restored And The Token Crashed. 5. Nubank, backed by Berkshire Hathaway, will offer payments via the Lightning Network.
Solana Mobile's second smartphone, Chapter 2, has over 140,000 pre-order token holders, reflecting high anticipation. Announced by SolanaFloor on June 26, this innovative pre-order approach lets buyers secure the device early. Full details on the smartphone's specs, features, and release date are still pending.
On June 25, SlowMist founder Yu Xian revealed a TON phishing case. The phishing comment, "Funds will be returned after wallet confirmation," misleads users into confirming their wallet, resulting in loss of assets, including Anonymous Telegram Numbers. This case warns users to stay alert & secure their digital assets.
Tim Beiko, an Ethereum core developer, suspects that the Ethereum Foundation's email list provider 'updates@ethereum.org' may have been hacked. The issue is being addressed with SendPulse. Beiko advises against clicking links in emails from this address until resolved. Further details are pending.
The Arbitrum Step Committee proposes injecting DAO treasury funds into the RWA sector, allocating a total of 35 million ARB across six products to diversify 1% of funds annually. A snapshot vote is set for July 1, with 10 days for comments.
In this week, over $100 million worth of tokens will be unlocked. On June 25, 4.66M Acala (ACA) tokens ($330K) and 105M AltLayer (ALT) tokens ($20.3M) will be unlocked. On June 27, 16.69M Yield Guild Games (YGG) tokens ($10.7M) will be released. June 28 sees 8.57M SingularityNET (AGIX) tokens ($5.7M) unlocked. On June 30, 90K Tornado Cash (TORN) tokens ($285K), 750K Echelon Prime (PRIME) tokens ($8M), and 31.34M Optimism (OP) tokens ($56.7M) will be unlocked.
As of June 22, top Bitcoin-holding companies include BlackRock (305,614 BTC), Grayscale (277,067 BTC), MicroStrategy (226,331 BTC), Fidelity (167,375 BTC), Tether (75,354 BTC), and ARK 21Shares Bitcoin ETF (46,335 BTC). These holdings reflect significant belief in Bitcoin's potential.
BtcTurk, a major Turkish crypto exchange, was hit by a cyber attack on June 22 affecting 10 cryptocurrencies' hot wallets. Most assets were safe in cold wallets. BtcTurk's financial health can cover the losses, and user assets are unaffected. Deposits and withdrawals are temporarily suspended during the investigation.
The Water Meme Coin presale raised $41M, potentially the largest memecoin presale to date. Disclosed by ZachXBT and analyzed by Moonke Dev, the presale began June 21, 3 PM UTC, raising $26M in the first minute and $40M in five minutes. Over 26,000 wallets participated, showing high interest in the coin.
Tyler Durden, Mocaverse's project leader, announced MOCA's Token Generation Event (TGE) for July. Details are pending, but the event marks a significant step in the project's development. Stakeholders should stay tuned for updates on the specific date.
Ethereum's L2 network, @lens/linea, announced coin minting for Linea Park LXP. They identified 29,000 suspicious addresses (bots/witches) and will block them from receiving LXP, marking them as 'POH of this account has been disabled' to ensure integrity. Further details on the minting process are pending.
@lens/linea, Ethereum's Layer 2 solution, has invested in several projects, including Tomo, ZeroLend, MYX.Finance, Entangle, Agora, and CARV. These investments reflect Linea's commitment to enhancing Ethereum's scalability and efficiency, fostering growth in DeFi, blockchain voting, and NFT platforms
Aevo has launched Mocaverse (MOCA) on its pre-market trading platform at $0.0882 per token, with a Fully Diluted Valuation of $780 million. This marks a significant expansion for Aevo. However, investors should be cautious, as digital asset values are subject to market fluctuations and investor sentiment.
Bryan Pellegrino, CEO of LayerZero Labs, announced that token quotas of witches identified in the final list will be redistributed to LZ core qualifiers on token claim day. This aims to ensure fair distribution and maintain the integrity of the allocation process. Further details weren't provided.
Consensys, a blockchain software firm,has not been charged by the SEC for alleged MetaMask wallet violations despite a Wells notice in April, says Fox reporter Eleanor Terrett.Additionally, Ethereum has passed SEC scrutiny, meaning its sales won't be charged as securities transactions, relieving the Ethereum community.
Tether CEO Paolo Ardoino announced a synthetic dollar, aUSDT, backed by Tether’s gold-backed XAUt. Analyst Willy Woo praised it, noting gold's 8% yield versus T-Bills. Ardoino also introduced Alloy by Tether, a platform for creating collateralized digital assets, launching later this year.
Ripple's price has been consolidating between $0.5 and $0.55 since April, recently dipping below $0.5. If it fails to regain this level, it may drop to $0.4, potentially crashing if that support breaks. XRP/BTC is consolidating between 600-800 SAT, with potential moves to 1000 SAT or a fall below 600 SAT.
The British Red Cross now accepts Shiba Inu donations via Giving Block. The SEC may approve spot Ethereum ETFs by July 2, per analyst Eric Balchunas. Bitcoin whales and miners have sold over $4.1 billion in BTC in the past 10 days, with whales offloading 50,000 BTC and miners 1,200 BTC.
Bitmain launched the Antminer S21XP and S21XP Hydro at the World Digital Mining Summit. The air-cooled S21XP offers 270 TH/s and 13.5 J/TH efficiency. The S21XP Hydro, with water and immersion cooling modes, provides 473 TH/s and 12 J/TH efficiency in water cooling, and has normal and high energy immersion modes.
UniSat's new extension, UniSat Extension v1.3.4, now supports ARC20 asset coloring. To upgrade the ARC20 partial asset coloring protocol at block height 848484, UniSat will temporarily suspend the Atomicals market for maintenance. This upgrade aims to enhance the platform's versatility and usability.
Stani Kulechov, CEO of Avara, seeks $50M from US VCs to fund Lens Protocol, aiming for a $500M valuation. Focus is on launching Lens Network using ZKsync tech, with no token issuance plans yet. This follows competitor Farcaster raising $150M at a nullB valuation. Info is from an insider, not officially confirmed.
Tether launched the 'Alloy Project', a new dollar-pegged stablecoin over-collateralized by Tether Gold (XAU₮). The first token, aUSD₮, is designed to track the US dollar's value and is backed by physical gold stored in Switzerland, offering extra security and stability for users.
Worldcoin announced a major investment in Argentina, creating at least 50 jobs for developers, operations experts, software engineers, and data analysts. Over 50 Worldcoin outlets will open in 10+ cities, including two experience stores, during the Argentine summer. The OpenAI founder also discussed this investment with Argentina's President last month.
Terraform settled with the SEC for $44.7 billion over fraudulent trading accusations. Founders Do Kwon and Shin allegedly discussed creating fake trades to inflate volumes and attract investors in 2019. The settlement includes $36 billion in forfeiture, $4.2 billion in penalties, and $4.67 billion in interest.
Crypto startups have secured over $100 billion in funding since May 2014, reaching $101.3 billion by June 16, 2024. Initial monthly funding in May 2014 was $17.14 million. The peak occurred in October 2021, with over $7 billion raised that month .
Polygon Labs has completed its identity solution, Privado ID, aiming to expand beyond the Polygon network. They are establishing partnerships, including PoCs with multinational banks, to use Privado ID's verifiable credentials for secure financial transactions. This marks a key step towards enhancing security and privacy in digital finance.
Tesla investors have sued Elon Musk, Tesla Inc., & its board, alleging resource diversion to Musk's AI startup, xAI. Claims include poaching AI employees, relocating Tesla microchips, & using Tesla's data without compensation. The lawsuit seeks damages for harm to Tesla, raising issues of mismanagement and conflict of interest.
Ripple plans to launch a stablecoin, Ripple USD (RLUSD), in 2024 on the XRP Ledger and Ethereum, despite SEC criticism labeling it an 'unregistered crypto asset.' Ripple and the SEC are in a legal dispute, with the SEC seeking a $2 billion fine. XRP's price is down to $0.47, seen by some as a buying opportunity.
Farcaster, a decentralized social protocol, has surpassed null.79 million in total revenue, currently at null,793,557, with a user base of 507,380. This highlights the growing popularity and success of decentralized social platforms. As more users join, further revenue and user base growth are expected.
SEC Commissioner Mark Uyeda highlighted the benefits of asset tokenization, including enhanced security, transparency, & reduced costs by eliminating intermediaries. He views it as a key technological advancement for markets & investors. The BIS & Roland Berger predict significant growth in the tokenization market by 2030.
COOK•THE•MEMPOOL completed casting on June 16 with 4,309,311 castings, making it the most cast rune. It has 28,435 holding addresses, a floor price of $0.0109 (down 23.4% in 24 hours), a 24-hour trading volume of $5.28 million, and a market value of $10.29 million. Interest remains high despite the price drop.
The Bitcoin network experienced its longest block time, lasting 2 hours and 19 minutes, between block heights 689300 and 689301 on July 1, 2021. This record-setting delay highlights critical aspects of transaction speed and network efficiency, offering insights for future improvements and optimization.
Ethereum founder @lens/vitalik introduced 'Token for Image Tokenizer' (TiTok) on Farcaster. Developed by ByteDance and the Technical University of Munich, TiTok uses AI to compress 256x256 images into 32 discrete tokens (320 bits) without quality loss, enabling on-chain storage for users.
Tether's USDT issuance on the TON blockchain has risen to $580 million, making TON the sixth-largest blockchain for USDT. This increase highlights growing acceptance of USDT on various platforms. TON now follows Tron, Ethereum, Solana, Avalanche, and Omni in USDT issuance, boosting its market presence.
Ethereum network's gas fee has dropped to 3 Gwei, making transactions and smart contract executions more affordable. This could increase network usage, but gas fees can fluctuate based on congestion and demand. The duration of this low fee trend is uncertain.
Canadian singer Drake risks losing null million in cryptocurrency after betting $500,000 each on the Edmonton Oilers and the Dallas Mavericks to win their championships. Both teams are struggling in their series. Drake placed the bets on crypto casino Stake, where he has past partnerships.
Shiba Inu (SHIB) now supports Web3 food delivery payments on DevourGO, expanding its utility. Users can place orders using SHIB, highlighting the growing adoption of cryptocurrencies in everyday transactions. Details on the integration and its market impact are yet to be seen.
Farcaster is expected to launch a token, according to an anonymous source. Investors are eager to capture its fully diluted value. This information was initially reported by Fortune Magazine.
UwU Lend's exploit led to Michael Egorov's $100M loans being liquidated, causing CRV token to drop 30%. Despite $23.7M in losses, Egorov aims to improve Curve Finance's security and ensure user withdrawals. UwU offers a $5M bounty for the attackers. Curve holds over $2B in assets.
Meme coins have surged to $60 billion, with Galaxy Digital CEO Michael Novogratz highlighting their influential narratives. Despite risks like market manipulation and liquidity issues, they remain popular for wealth creation, outperforming major cryptocurrencies in trading volumes and market performance.
Adidas has partnered with Base Network, as announced on June 14. The collaboration details are yet to be revealed. This partnership signifies Adidas' move to expand its digital presence and leverage Base Network's potential. Further information on the collaboration's nature and impact is expected soon.
Galxe has introduced Smart Savings, an enhancement to Smart Balance, offering seamless cross-chain transactions, full-chain earnings, and instant liquidity. Users can transfer assets across blockchains, earn rewards on all chains, and quickly convert assets to cash, boosting investment flexibility and profitability.
According to Odaily, celebrities like Justin Bieber, Jimmy Fallon, Shaquille O'Neal, and Gwyneth Paltrow hold various amounts of cryptocurrency. Bieber has $ 575,011 in crypto, mostly in Ethereum. Fallon holds $ 142,324, mainly in ETH. Shaq has $ 3,655 in Apecoin, and Paltrow holds $ 14,685, mostly in APE.
Velocore has identified the mechanism of a recent vulnerability attack and is establishing an on-chain negotiation process. The team is analyzing the situation, tracking the attacker, and collaborating with the foundation. The Velocore on the Telos mainnet remains unaffected, but operations are temporarily frozen.
BitMEX founder Arthur Hayes withdrew 100,000 PENDLE worth $ 610,000 from Binance, adding to his ongoing PENDLE purchases. He now holds 1,655,697 PENDLE valued at $ 10.21M, purchased at an average price of $ 2.27. This gives him a floating profit of $ 6.45M, a 171% increase.
@lens/linea, a Layer 2 network by ConsenSys, supports StarkWare in denouncing Matter Labs' attempt to trademark 'zero-knowledge' (ZK) in nine countries. Matter Labs, behind zkSync, faces backlash for trying to monopolize a public cryptographic concept, conflicting with Ethereum’s collaborative ethos.