NFT lending protocol NFTfi Foundation announced in a post that it has opened the Earn Season 3 airdrop, distributing a total of 30 million NFTFI tokens. Eligible users have 42 days to claim their NFTFI allocation. The airdrop application period will end on August 5th, 2024 at 21:00. Tokens that are not claimed by anyone after this time will be returned to the NFTfi Foundation treasury. Eligible users can immediately release their NFTFI collateral or keep it collateralized to maintain the Earn Season 4 collateralization multiplier.
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The President of The ETF Store stated in a post on X that "I believe Roundhill Ball Metaverse ETF (METV) is the first ETF in the United States that involves spot Ethereum. METV currently holds 7% ($27 million) of the Canadian spot Ethereum ETF CI Galaxy Ethereum ETF, as well as a 2% position in the CI Galaxy Bitcoin ETF."
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Due to the cryptocurrency market experiencing its bleakest week of 2024, Bitcoin and Ethereum transaction fees have dropped to their lowest levels in seven months. On June 23rd, the average Bitcoin transaction fee reached $1.93 per transaction, the lowest level since October 2023. The low gas fees on the Bitcoin network are a sign of reduced network activity and competition.
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Cathie Wood, CEO of investment firm Ark Invest, said that she plans to vote for former US President and Republican nominee Donald Trump in the upcoming presidential election. Wood stated that when it comes to economic issues, she is a voter, and based on this, she chose Trump. The Trump administration had the "best three years in US economic history" before the outbreak of the COVID-19 pandemic.
Wood, a longtime supporter of cryptocurrency, has been the CEO of Ark Invest, while Trump has recently expressed strong support for the cryptocurrency industry.
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Sam Williams, the founder of Arweave and AO, announced yesterday in a post on X that $260 million worth of stETH has been pre-bridged to the Arweave-based AI application computing protocol AO, pushing it to become the 28th largest DeFi protocol in the past four days. Williams stated that AO's TVL is now equivalent to Cardano ($209.43 million), surpassing major blockchain projects such as zkSync, Fantom, Scroll, Algorand, Filecoin, and ICP.
AO is a new protocol built on the Arweave permanent data storage layer that can achieve parallel application operation through a decentralized computing model. At the same time, it can enable artificial intelligence applications to run on the chain, allowing large language models to run within smart contracts.
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Solana's atomized SVM Layer 2 Sonic has released an update on X: Due to high demand for the Sonic testnet Odyssey, the team is upgrading the network to improve users' on-chain experience. During the upgrade process, some tasks and on-chain interactions will be suspended. The upgrade will begin at 1 pm on June 24, 2024 and last for about 6 hours.
Prior to this news, Solana's second-layer ecosystem network Sonic completed a $12 million Series A financing round, led by Bitkraft Ventures.
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According to data released by HODL15Capital, the first Bitcoin ETF on the Australian Securities Exchange, VBTC, received a capital inflow of $1 million.
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Binance co-founder He Yi wrote on Binance Square: "2017 was the era of ICOs, where you could make money as long as you got a share. In 2021, with the rise of DeFi, as long as you move fast, you can make money by participating in yield farming. Buying new instead of old is also a typical feature of this period. However, now IEOs are generally considered to have legal risks in most countries, so they can only be airdropped and priced by the market. This means that if there is a large circulation, the opening price of the project will be relatively stable, such as BB and LISTA, but compared to 2021, the rise is still too fast, lacking sufficient washing-out process.
In 2024, the rise will be driven by BTC ETFs. The cooperation between the king-level projects and the hair-raising studios will create beautiful data. On the one hand, the project party can raise more money from VC. On the other hand, the project party with money and users is confident, with millions of users on the chain. It doesn't matter if it is not listed on a certain platform, as there are plenty of CEXs to choose from, and if not, there are DEXs and native DEXs on their own chains. The trading platform does not have the pricing power, so for projects with high valuations, users need to look at the fundamentals and not just market capitalization.
Nowadays, the self-inflicted war between hair-raising studios and L2 projects has turned into a farce, and the era of hair-raising may be coming to an end. As an ordinary investor, using the ICOs of 2017, the IEOs and yield farming of 2021, and even the hair-raising strategies of 2023 may not be suitable for today's market."
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As bankruptcy costs continue to rise, FTX lawyers and advisors have approved over $500 million in fees from bankruptcy assets. It is reported that the institution responsible for overseeing the bankruptcy process has requested payment of over $700 million in fees and expenses, although many requests have been reduced by 20% and some requests have not yet been approved. According to court documents, Sullivan and Cromwell, FTX's special advisor in the bankruptcy case, topped the list with approved fees of $254 million (although their bill amount was $360 million), followed closely by financial advisor Alvarez and Marsal with approved fees of $133 million. Other law firms and advisors include legal investigation advisor AlixPartners, special advisor Quinn Emanuel Urquhart & Sullivan, investment banker Perella Weinberg Partners, and joint advisor Landis Rath & Cobb, who together charged $57 million in fees.
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NFT data platform shows that the sales of NFT in May was 624 million US dollars, a decrease of 54% compared to April (1 billion US dollars).
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According to on-chain analyst @ai_9684xtpa, a whale with address 0x3c9...8f757 transferred 1000 ETH, worth approximately $3.78 million, from Kraken five minutes ago. It is reported that this whale has accumulated a total of 3000 ETH (approximately $11.26 million) in the past 18 hours, with an average selling price of $3754. Currently, it has a floating profit of $BTC #BinancePizzaDay

Jack Kong, founder of Nano Labs, director of Hong Kong Cyberport Management Company Limited, and member of the third-generation Internet development team in Hong Kong, stated in a post on X platform that major exchanges have withdrawn their VASP (Virtual Asset Trading Platform) license applications from Hong Kong. This will not have a significant impact on these exchanges, but it is not good for the development of Web3 in Hong Kong. The US Securities and Exchange Commission has already followed the trend, and Hong Kong regulatory agencies must keep up. Otherwise, the difficulty of developing Web3 in Hong Kong will greatly increase. Of course, we still firmly believe in Hong Kong and will continue to express policies that are beneficial to Hong Kong's development.
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Coinbase CEO Brian Armstrong stated that we have been using this type of API internally at Coinbase for years to build our products. Now anyone can register at cdp.coinbase (still in early testing phase, so please send feedback and expect rapid improvements over time).
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Mt.Gox's Bitcoin holdings have been transferred to three new wallets in the past hour, as monitored by Arkham. All wallets received their first test transaction about four hours ago. Each address contains 47,230 BTC.
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According to Scopescan monitoring, Flow Traders has deposited 4300 ETH ($16 million) into Bybit. Currently, Flow Traders only holds 264 ETH ($1 million).
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Arthur Cheong, founder and CEO of DeFiance Capital, stated on social media that over 70% of spot BTC ETFs are held by retail investors.
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The Sandbox, a decentralized gaming platform, has launched its decentralized autonomous organization (DAO) called Sandbox DAO, which aims to increase transparency and community involvement. The initiative will be rolled out in three phases, with the first phase allowing community members to vote on Sandbox Improvement Proposals (SIPs) while the company still manages some operations. The second phase will see the DAO move towards self-reliance, and the third phase will mark a complete shift to community-driven governance. The Sandbox has assembled a leadership team to guide the transition, and community members who own at least 5 SAND or 1 LAND can vote on initial SIPs starting from May 28.
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On May 26th, the Arbitrum community's "2 Billion ARB Game Catalyst Plan" proposal has started on-chain voting. The proposal aims to provide a three-year incentive plan for the Arbitrum ecological game, with a total of 2 billion ARB tokens, with the goal of providing momentum for the Arbitrum game ecosystem through Web3 industry studios and games. The voting will end in 12 days.
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