Compiled by: Fairy, ChainCatcher
Important Information:
Binance Labs announces investment in Ethereum L2 developer Zircuit
Data: ZKsync will airdrop more than 3.6 billion ZK tokens next week
Data: Ethereum Foundation-associated addresses sold a total of 15,455 ETH in the past week
Insider: Ethereum spot ETF issuer still waiting for first round of S-1 form comments from the US SEC
US SEC considers ProShares Ethereum spot ETF application
OKX Star: The OKX address book function needs to be improved, and the platform will bear full responsibility for customer losses caused by its own problems
Tether's investment arm plans to invest over $1 billion in the next 12 months
“What important events have occurred in the past 24 hours?”
Binance Labs announces investment in Ethereum L2 developer Zircuit
Binance Labs announced an investment in Ethereum Layer 2 network developer Zircuit for an undisclosed amount. Binance Labs’ investment in Zircuit comes ahead of the network’s mainnet launch this summer. Both companies declined to disclose the size of the investment and other terms of the transaction.
Data: ZKsync will airdrop more than 3.6 billion ZK tokens next week
According to The Block, zkSync will airdrop 3.675 billion ZK tokens to early users and adopters next week. This accounts for 17.5% of the total supply of 21 billion ZK tokens. And this will be a one-time airdrop, and users will be able to claim tokens starting next week, and the deadline is January 3, 2025. Early contributors will be able to claim from June 24. Another 49.1% of the token supply will be allocated through the ecosystem program, of which 17.2% will be allocated to investors and 16.1% will be allocated to the Matter Labs team.
Tether's investment arm plans to invest over $1 billion in the next 12 months
According to Bloomberg, Paolo Ardoino, CEO of Tether Holdings Ltd., revealed that its investment department expects to invest more than $1 billion in transactions in the next 12 months. Ardoino said in an interview that Tether Investments currently has 15 employees who evaluate up to hundreds of projects per month, most of which come directly from start-ups. Tether focuses on alternative financial infrastructure, artificial intelligence and biotechnology in emerging markets, and has invested about $2 billion in these areas over the past two years.
Ardoino said that while Tether plans to continue to keep 100% of its reserves and extract an additional 6% buffer from profits to ensure smooth redemptions of USDT, Tether expects to invest part of the remaining profits into trading.
Data: Ethereum Foundation-associated addresses sold a total of 15,455 ETH in the past week
According to Spot On Chain, three Ethereum Foundation-related wallets have actively sold 15,455 ETH in the past week. Among them, two Ethereum Foundation main wallets sold 200 ETH at $3,724 for 744,722 DAI. Since the beginning of 2024, they have sold 2,166 ETH at a price of $6.21 million DAI, usually before the price drops; wallet 0xdb3 deposited 15,255 ETH (worth $55.6 million) to Kraken at a price of $3,648 about 3 days ago. The ETH in this wallet comes from the Ethereum Foundation wallet and Ethereum ICO participants.
Insider: Ethereum spot ETF issuer still waiting for first round of S-1 form comments from the US SEC
According to The Block, Ethereum spot ETF issuers are still waiting for comments from the SEC after submitting the first round of S-1 draft forms on May 31, according to two people familiar with the matter. Issuers originally expected the SEC to comment on the drafts on June 7. However, at least two issuers have not received any feedback. A person familiar with the matter said they now expect a response this week.
OKX Star: The OKX address book function needs to be improved, and the platform will bear full responsibility for customer losses caused by its own problems
In response to a user's clarification about a new address appearing in the address book on his OKX account, OKX CEO Star Xu said on a social platform that he often forgets the addresses he added a long time ago. If you have any questions, please feel free to contact customer service to verify. The OKX address book function does need to be improved, such as showing the time of addition. In addition, OKX will continue to bear full responsibility for customer data losses caused by OKX's own problems.
DAO infrastructure Ink Finance completes new round of financing of over US$5 million, with participation from P2 Ventures and others
Ink Finance, an infrastructure for building financial DAOs, announced on the X platform that it has completed a new round of financing of over US$5 million, with participation from Republic, Alliance, Blizzard Fund, P2 Ventures, GSR, DHVC, Draper Dragon, Bella, Aegis Ventures, Tido Capital and other investment institutions. The valuation information has not been disclosed. The new funds will be used to expand Web3 financial management, provide support for reputable DAOs and protocols within DeFi, bridge the gap between DeFi and TradFi, and develop more efficient, fair and inclusive financial infrastructure.
Data: Today’s trading volume of 6 Hong Kong virtual asset ETFs is approximately HK$85.59 million
Hong Kong stock market data shows that as of the close, the trading volume of today's 6 Hong Kong virtual asset ETFs was approximately HK$85.59 million, of which: Hua Xia Bitcoin ETF (3042.HK) had a trading volume of HK$35.44 million; Hua Xia Ethereum ETF (3046.HK) had a trading volume of HK$8.94 million; Harvest Bitcoin ETF (3439.HK) had a trading volume of HK$16.41 million; Harvest Ethereum ETF (3179.HK) had a trading volume of HK$3.24 million; Bosera HashKey Bitcoin ETF (3008.HK) had a trading volume of HK$16.35 million; Bosera HashKey Ethereum ETF (3009.HK) had a trading volume of HK$5.21 million.
Data: Bitcoin spot ETF had a total net outflow of $64.9318 million yesterday, the first net outflow after the net inflow in the past 19 days
According to SoSoValue data, yesterday (June 10, Eastern Time), the total net outflow of Bitcoin spot ETFs was $64.9318 million. Yesterday, Grayscale ETF GBTC had a single-day net outflow of $39.5366 million, and the current historical net outflow of GBTC is $17.972 billion. The Bitcoin spot ETF with the largest single-day net inflow yesterday was Bitwise ETF BITB, with a single-day net inflow of $7.5910 million, and the current historical total net inflow of BITB is $2.055 billion. The second is BlackRock ETF IBIT, with a single-day net inflow of $6.3433 million, and the current historical total net inflow of IBIT is $17.606 billion.
As of now, the total net asset value of the Bitcoin spot ETF is US$61.447 billion, the ETF net asset ratio (market value as a percentage of the total market value of Bitcoin) is 4.48%, and the historical cumulative net inflow has reached US$15.621 billion.
US SEC considers ProShares Ethereum spot ETF application
According to Cointelegraph, in a document on June 10, the U.S. SEC stated that NYSE Arca has proposed a rule change to allow it to list and trade the ProShares Ethereum ETF. The SEC stated that it will solicit public comments on the ETF application within 21 days of publication in the Federal Register and will approve, reject or extend the timeline for its decision within 45 days.
Ripple Completes Acquisition of Digital Asset Custody & Trust Company
Ripple announced that it has completed the acquisition of New York crypto trust company Standard Custody & Trust Company. The completion of this acquisition has added a limited purpose trust company regulated by the New York Department of Financial Services to its license portfolio.
In addition, Ripple announced the appointment of Jack McDonald as senior vice president of stablecoins, while he remains the current CEO of Standard Custody. Ripple has stated that once the acquisition is approved, Ripple will be able to conduct cryptocurrency custody and settlement business.
Crypto.com receives approval from the Central Bank of Ireland to become a virtual asset service provider
Crypto exchange Crypto.com announced that it has received approval from the Central Bank of Ireland to become a virtual asset service provider (VASP). The approval was made after a comprehensive review of Crypto.com's compliance commitments, including its anti-money laundering and combating terrorist financing capabilities, and will enable it to further provide services such as cryptocurrency-to-fiat currency exchanges and fiat currency wallets in Ireland.
Gnosis DAO has passed a proposal to implement a $30 million GNO buyback program
According to the Snapshot page, the Gnosis DAO community has passed a proposal to "implement a $30 million GNO buyback program" with 81.9% support. The proposal proposes to allocate about 5% of Gnosis DAO assets (mainly SAFE, ETH, and stablecoins) to fund a $30 million buyback program, aiming to keep the price of GNO above book value.
Cryptocurrency exchange Zipmex loses Thai license due to financial pressure
Thailand’s Ministry of Finance revoked Zipmex’s digital asset business license on May 28 after the exchange failed to comply with directives from the Securities and Exchange Commission (SEC).
The SEC said Zipmex's financial condition and management structure were problematic and could harm customer interests.
Insider: More than 30 validators kicked out of Solana Foundation delegation program, most operators are Russian
According to CoinDesk, citing people familiar with the matter, more than 30 validators were kicked out of the Solana Foundation delegation program last weekend. Although they are still validators on the network, they are no longer eligible for rewards for verifying transactions on the Solana blockchain. Another source said that many operators are Russian. In addition, a total of 32 operators were kicked out this time, and these operators have a total of 1.5 million SOL, accounting for about 0.5% of the planned stake.
"What are the interesting articles worth reading in the past 24 hours?"
WSJ: We talked to the "corrupted retail investors" behind the new round of Meme craze
The U.S. stock market is filled with "degenerates."
A high-risk trading style is making a comeback, fueled by amateur traders who call themselves "degens." These traders engage in high-risk trades that are known to have little to do with traditional ways of evaluating investments. Some people are willing to invest large sums of cash into specific stocks or cryptocurrencies just to get in on a trend. There are also some people who just want to watch the excitement and make jokes.
In their language, "Degen" can be a noun, adjective or verb, and is popular mainly among young people. It is a self-deprecating identity that some trace back to the term "degenerate gambler." Behind it is a spirit that advocates bold bets on the market and questions investment norms: You only live once, so why bother with traditional financial advice?
ZKsync airdrop distribution is out! How is it distributed? Who is eligible?
The much-anticipated ZKsync airdrop distribution plan has been finalized. The ZKsync Association will conduct a one-time airdrop of 3.6 billion ZK tokens to early users and adopters of ZKsync next week, with 695,232 eligible wallets. The snapshot time is March 24, and community members can check the airdrop eligibility at Claim.zknation.io and can claim the airdrop starting next week until January 3, 2025.
The airdrop represents 17.5% of the total supply of ZK tokens. Users will be able to claim their tokens starting next week until January 3, 2025. Contributors will be able to claim starting June 24.
The ranks of “crypto presidents” who “play with Bitcoin” are growing. Is a new global consensus coming?
2024 is a super election year, with dozens of countries and regions around the world holding key elections involving a total population of more than 4 billion. The US election is undoubtedly the biggest focus. However, unlike in the past, among all the super PACs participating in the 2024 US election, the topic of cryptocurrency ranks third in popularity.
I still remember that four years ago, it was rare for presidential candidates to discuss Bitcoin during campaign events. Three years ago, when El Salvador first adopted Bitcoin as legal tender, everyone was still watching. However, in last year's primary election, the situation began to change, and the era when encryption was marginalized in politics seemed to be gone forever.
On the one hand, former President Trump and current President Biden are making various efforts to win the support of crypto voters; on the other hand, many crypto companies plan to inject large amounts of cash into the 2024 US presidential election, and there are already signs that these funds are helping the crypto industry win more support in Washington.
