Today's news tips:
1. The SEC has returned the S-1 form to the Ethereum ETF issuer and requires it to be resubmitted before July 8
2.21Shares has submitted the S-1 document to the US SEC for Solana ETF
3. The U.S. SEC sued Consensys for violating federal securities laws
4. A US judge allows the SEC to proceed with most of its lawsuits against Binance, including allegations of unregistration and fraud
5. Pudgy Penguins’ parent company acquires on-chain creator platform Frame and will develop a new Layer 2 network
6. Blast Ecosystem Leverage Trading Protocol Particle Releases Token Economics, Initial Airdrop of 20 Million Tokens
7. Kroma announces airdrop criteria, including Galxe Kroma Quest participants, WEMIX community members, etc.
8. Bitcoin spot ETF had a total net inflow of US$73.0454 million yesterday, continuing its net inflow for 4 consecutive days
9. USDT has 10.9 million monthly active users, of which 84.3% are from Tron
Regulatory News
Market News: 21Shares has submitted S-1 documents to the US SEC for Solana ETF
According to Tree New, 21Shares has submitted an S-1 filing to the US SEC for the Solana ETF.
Source: SEC has returned the S-1 form to the Ethereum ETF issuer, requiring it to be resubmitted before July 8
According to The Block, a source said that the SEC has returned the S-1 form to the potential Ethereum ETF issuer with a small number of comments, requiring it to process these comments and resubmit them by July 8. The source pointed out that after the form is returned, it will not be the final filing. This means that at least one more round of filing is required before the ETF finally starts trading.
Coinbase Derivatives applies to the U.S. CFTC for the launch of regulated SHIB, LINK, AVAX, XLM and DOT futures contracts
Coinbase Derivatives has just submitted multiple certification documents to the U.S. Commodity Futures Trading Commission (CFTC) to list regulated SHIB, LINK, AVAX, XLM, and DOT futures contracts in the United States.
U.S. SEC sues ConsenSys for violating federal securities laws
The U.S. Securities and Exchange Commission (SEC) sued Consensys. The SEC stated in the complaint that since 2016, Consensys has developed and operated a set of crypto-related services under the "MetaMask" brand. Consensys claims to be a leader and innovator in the crypto-asset industry, but it has violated federal securities laws and has not registered as a broker-dealer or registered the offer and sale of certain securities. Since October 2020, Consensys has operated as an unregistered crypto-asset securities broker through its MetaMask Swaps service. Since January 2023, Consensys has offered and sold unregistered crypto-asset staking plans through its MetaMask Staking service and has collected more than $250 million in fees through these activities.
US SEC considers Lido and Rocket Pool staking projects to be securities
According to market news, the U.S. Securities and Exchange Commission believes that the Lido and Rocket Pool staking projects are securities.
US judge allows SEC to proceed with most of its lawsuit against Binance, including unregistration and fraud charges
A federal judge has dismissed part of the U.S. Securities and Exchange Commission's (SEC) lawsuit against cryptocurrency exchange platform Binance and its founder Changpeng Zhao. The SEC's charges against Binance for its initial coin offering and ongoing sales of BNB, BNB Vault, staking services, unregistration, and fraud can proceed. The judge granted Binance and Changpeng Zhao's motion to dismiss charges related to secondary market BNB sales and Simple Earn.
AI/NFT
Pudgy Penguins’ parent company acquires on-chain creator platform Frame and will develop a new Layer 2 network
According to official news, Igloo Inc., the parent company of the NFT project Pudgy Penguins, has acquired the on-chain creator economy platform Frame. The terms of the transaction have not been disclosed, and the Frame team will now join Igloo. The acquisition aims to develop a Layer 2 network Abstract Chain designed specifically for on-chain culture and community, empower builders, and introduce innovative economic mechanisms on the chain.
Project News
136th Ethereum ACDC Meeting: Pectra Devnet 1 is almost ready
Christine Kim, vice president of research at Galaxy, published a post summarizing the main content of the 136th ACDC conference call, involving new research on client diversity data collection and multi-client block verification.
Nethermind researcher Jorge Arce-Garro shared his team's latest work on improving the way node operators report client diversity data. The research, funded by EF, provides three different methods to facilitate validator node operators to communicate client types, and evaluates each method based on complexity, security, and ability to protect node operators' anonymity. Arce-Garro asked for feedback on his team's research, which has been published on Ethresearch.
The developer also shared an update on the Pectra upgrade, mentioning that Pectra Devnet 1 is almost ready and the EF Development Operations (DevOps) team is waiting for the Execution Layer (EL) client to be ready.
Teku developer Mikhail Kalinin shared an update on the EIP 6110 specification; PeerDAS Devnet 1 is live, supporting three different CL client deployments. Work on SSZ code changes was also discussed, and EIP 7688 and EIP 6493 are in progress, although developers have not yet decided whether these two additional EIPs will be included in Pectra.
Nifty Island: The final round of airdrops, Wave 3, is now live, accounting for 40% of the total token supply
Ethereum blockchain game Nifty Island tweeted that the last round of airdrops, Wave 3, has been launched, and players can get ISLAND tokens by participating in the game. It is reported that this round of airdrops will account for 40% of the total supply of tokens, and the percentage allocated to P2A will be finalized based on the data collected from Wave 3.
Nifty Island also stated that Wave 3 is completely independent of Wave 1 and Wave 2, and more users are eligible to participate. In addition, details about token economics will also be released during Wave 3, but the specific time has not yet been announced.
Blast Ecosystem Leverage Trading Protocol Particle Releases Token Economics, Initial Airdrop of 20 Million Tokens
Blast Ecosystem decentralized leveraged trading protocol Particle releases PTC token economics. TGE will be held at 18:00 (UTC+8) on July 2. The maximum supply of tokens is 200 million, of which 55% will be allocated to the community, 21% will be allocated to contributors, and 24% will be allocated to investors. The initial airdrop is 20 million tokens (about 18.2% of the community allocated tokens), which will be linearly vested in 24 months. Contributor and investor tokens will be locked for 6 months.
Farcaster launches in-app USDC payment function for Warpcast, currently only supports Base chain
Dan Romero, co-founder of decentralized social media protocol Farcaster, announced on X Platform that he has launched a new in-app payment feature. This feature is built for Farcaster's client Warpcast and allows users to pay others with USDC without having to look up or remember addresses, with almost instant confirmation and zero fees. The feature will initially only support the Base chain, and may be added to support other chains in the future.
Application deadline for Arbitrum Foundation Phase 3 grant program extended to July 31
The Arbitrum Foundation said on the X platform that the application deadline for the third phase of the grant program has been extended to July 31. The third phase focuses on dApps.
Kroma announces airdrop criteria, including Galxe Kroma Quest participants, WEMIX community members, etc.
Kroma, the Ethereum Layer2 network developed by Lightscale, a subsidiary of Korean gaming company Wemade, said that TGE is coming soon and announced the airdrop qualification criteria. The airdrop targets include eligible Kroma OG, Galxe Kroma Quest participants, Kroma Quest Master NFT holders, WEMIX community members, gamers (Land War or Night Crows event participants), KGH NFT holders, Spectrum contributors, KCU contributors, Tx Generator and Superchain contributors.
Earlier news, Kroma announced the new token economics of the KRO token: the total supply increased to 1 billion, and 17% will be allocated to community airdrops.
Catizen to launch gaming platform, plans airdrop in July
Catizen, a cat-synthesis chain game of Ton Ecosystem, said on the X platform that according to the roadmap plan, Catizen is about to enter the third phase: launching a game platform, planning to launch more than 200 small games, and developing Catizen from a single small game to a game center. In addition, an airdrop will be carried out in July.
Important data
Bitcoin spot ETF had a total net inflow of US$73.0454 million yesterday, continuing its net inflow for 4 consecutive days
SoSoValue data shows that yesterday (June 28, Eastern Time), the total net inflow of Bitcoin spot ETFs was $73.0454 million. Yesterday, Grayscale GBTC had a net outflow of $27.1553 million, and the current historical net outflow of GBTC is $18.515 billion. The Bitcoin spot ETF with the largest net inflow yesterday was BlackRock IBIT, with a net inflow of $82.4255 million, and the current total net inflow of IBIT is $17.725 billion. The second largest was Ark Invest and 21Shares' ETF ARKB, with a net inflow of $42.800 million, and the current total net inflow of ARKB is $2.403 billion.
As of press time, the total net asset value of the Bitcoin spot ETF was US$52.123 billion, the ETF net asset ratio (market value as a percentage of the total market value of Bitcoin) reached 4.39%, and the historical cumulative net inflow has reached US$14.525 billion.
Data: 78% of ETH is held by long-term holders, and Bitcoin miners sold more than 30,000 BTC in June
IntoTheBlock released its second quarter market report, with BTC and ETH falling by 12.8% and 3.1% respectively. The number of BTC held by long-term BTC investors has decreased, with the balance of holders decreasing by 160,000 BTC (about $10 billion) in May and 40,000 BTC in June. Since June, Bitcoin miners have sold more than 30,000 BTC (about $2 billion). Currently, 78% of ETH is held by long-term holders. L2 transaction volume increased 4 times, and the transaction volume of the top three L2 networks (Arbitrum, Base, and Optimism) increased fourfold in a year.
Data: USDT has 10.9 million monthly active users, of which 84.3% are from Tron
According to Token Terminal data, Tether's USDT has 10.9 million monthly active users (MAU), of which 84.3% (9.2 million) of the monthly active users are from Tron.
TON network TVL exceeds US$680 million, setting a new record
DefiLlama data shows that the TVL of the TON network has exceeded US$680 million and is currently US$681.3 million, setting a new record high.
Data: The average number of transactions per day on the ZKsync network in the past week was about 165, and the number of active addresses was about 125
According to Dune data, the average daily transaction volume of the ZKsync network in the past week was about 165.71 (121 yesterday), and the average daily number of active addresses was about 125 (79 yesterday).
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