1. Bitcoin Rune trading volume plummeted by more than 88% this month

Bitcoin miners have earned less than 2 bitcoins from Rune transactions for the past six consecutive days, a sharp drop from the record 884 bitcoins on April 24. According to Dune Analytics data, daily Rune transactions between June 22 and 28 averaged 37,820, down nearly 90% from the 331,040 daily average transactions between June 9 and 15. It includes 23,238 transactions on June 24, the lowest level since the launch of Bitcoin's fourth halving event on April 20. Rune transactions accounted for only 4.9-11.1% of all Bitcoin transactions in the past week.

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2. Arkham: Vitalik’s ETH is worth more than $800 million

Earlier this year, the Arkham team studied the wallet address and on-chain wealth sources of Ethereum co-founder Vitalik Buterin. At the time, the total value of ETH held by Vitalik was about $500 million. Currently, with the rise in ETH prices, the total value of his ETH holdings has exceeded $800 million. Most of Vitalik's known cryptocurrencies come from the ETH allocation he received during the launch of Ethereum, about 246,730 ETH, and he has also invested in several crypto companies such as StarkNet.

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3. National Audit Office: A department-level official in a financial regulatory department used virtual currency to hide the source of funds

Recently, the National Audit Office, commissioned by the State Council, reported to the Standing Committee of the National People's Congress on the audit of the implementation of the central budget and other fiscal revenues and expenditures in 2023. The "Report" stated that a department-level cadre of the financial regulatory department used the influence of his position to support specific private enterprises to improve their industry competitiveness for a long time, collected huge amounts of money and equity, and concealed the source of private enterprise transfers through "technical processing" such as withdrawing first and then depositing at the same outlet, borrowing relatives' bank accounts, and virtual currency transactions, showing typical technical characteristics.

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4. Vitalik: Current crypto regulation puts honest crypto developers in a desperate situation

If you do something useless or you ask people to give you money in exchange for vague mentions of potential returns, then you are free and innocent, but if you try to clearly spell out to your customers where the returns are coming from and promise them what rights they have, then you are screwed because you are a "security." The incentive gradient created by this "anarchy tyranny" is ultimately worse than pure anarchy or pure tyranny.

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5. Ethereum is experiencing its lowest average network fees since 2016

Ethereum is experiencing its lowest average network fees since 2016, with nine of the ten lowest average hourly fees on the Ethereum network occurring this week, all below 3.3 gwei. At 4:00 UTC on June 30, the Ethereum network averaged just 2.94 gwei per hour, the second lowest in history.

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6. Hot project news of the week: BLAST airdrop launched, ZKsync introduces new “elastic chain” architecture, Aevo updates token economics, etc. (0623-0629)

1. BLAST tokens are now available for claiming, Blur Season 4 has launched link

On June 26, Blast announced in an X article that BLAST tokens are now available online and users have 30 days to claim the Phase 1 airdrop. At the same time, the Blast Foundation announced plans for the next phase, which will develop a full-stack chain and launch desktop and mobile wallets designed specifically for crypto users. Phase 2 aims to accelerate the market's transition from an off-chain economy to an on-chain economy by working with the community. On the day of the airdrop, the Blast network transaction fee reached $1.237 million, a record high. At the same time, the number of active addresses on the same day also reached a historical peak of 169,000. After the first airdrop, the user retention level and network activity of the Blast network in the future remain to be seen.

On the same day, Blur announced that Season 4 has been launched, with 500 million $BLAST tokens allocated for 12 months. Users can earn points by bidding, placing orders, and borrowing on Blur.io. Top users can also get up to 2.5 times the points bonus. Loyalty is the key to getting the highest rewards, and you can maintain 100% loyalty by placing orders only on Blur. Lending points are based on the maximum borrowing amount and annualized rate of return, and closing the loan early will deduct points. BLUR holders will receive 1 billion BLAST allocations in Season 3.

2. The second phase of ZK token airdrop is now available, and ZKsync introduces a new "elastic chain" architecture link

ZK Nation announced that the second round of ZK token airdrops is now live. If you are a member of the Protocol Guild, a contributor to an external project, or nominated by a ZKsync ecosystem project, you can check your eligibility immediately. This round accounts for 1.91% of the total airdrop supply and will end on January 3, 2025.

In addition, ZKsync introduced the "elastic chain" architecture in its 3.0 roadmap, which will transform ZKsync from a single ZK-Rollup to a network of multiple ZK chains. This architectural change includes resetting the ZKsync native bridge to a token vault to improve the link between ZK chains. At that time, transactions will only require one wallet confirmation, without the need for network switching or manual cross-chain asset transfers. The project plans to run more than 20 chains on the mainnet by the end of 2024.

3. Worldcoin announces World Chain link in partnership with Alchemy

Worldcoin announced a partnership with Alchemy to provide infrastructure support for the upcoming World Chain blockchain using its Web3 development platform. The new Layer 2 blockchain World Chain will serve as a new platform for World ID and World App, and is expected to be launched this summer, optimizing for human users to provide priority block space and free gas subsidies.

4. Wormhole integrates World ID into the Solana blockchain link

The Wormhole team has received funding from the Worldcoin Foundation to integrate Worldcoin’s decentralized identity protocol World ID into the Solana blockchain. This integration will enable Solana-based protocols to seamlessly verify the identities of World ID users originally authenticated on Ethereum.

5. Puffer Finance announces collaboration with Ethereum Foundation to develop Base Rollups link

Puffer Finance, based on the Ethereum re-staking protocol, announced a partnership with the Ethereum Foundation to jointly develop Base Rollups. Base Rollups reduces the burden on the first layer of blockchain by processing transactions off-chain. Puffer Finance's LSD technology allows Ethereum validators to reduce the required capital from 32 ETH to 1 ETH. It is reported that after the mainnet testing phase of Puffer Finance, the total locked value (TVL) exceeded US$1.7 billion.

6. Aevo releases token economics update and will repurchase at least 1 million AEVO tokens per month link

Aevo released a token economics update. Given the current situation, the trading reward activity will not be continued, while the staking reward remains unchanged at 100k AEVO per week. For the rest of the year, Aevo will use the protocol revenue to repurchase AEVO tokens, committing to repurchase at least 1 million AEVO per month from July to December. The repurchase will be conducted randomly on the chain every week, and the repurchased AEVO tokens will be sent back to the main DAO treasury. Future token economics adjustments, such as destruction or reward plans, will require token holders to vote again.

7. Bitget and Foresight Ventures launch $20 million TON ecosystem fund link

Bitget announced a $20 million TON Ecosystem Fund in partnership with Foresight Ventures, which aims to support early projects based on the Open Network (TON) and promote innovation and development of the TON ecosystem. In addition, Bitget Wallet also launched the Tap2Earn Zone.

8. Aptos Foundation and Alibaba Cloud collaborate to strengthen Japan’s Web3 ecosystem link

The Aptos Foundation is working with Alibaba Cloud to strengthen Japan's Web3 ecosystem and improve regional accessibility in the Asia-Pacific region. The partnership launches Alcove, Asia's first co-branded Move developer community, dedicated to promoting smart contract programming languages ​​in the Asia-Pacific region. The Aptos Foundation will use Alibaba Cloud's technology to host hackathons and educational events to support emerging Web3 talents in the Alcove Japan community and accelerate the development of Japan's on-chain ecosystem.

9. Notcoin destroyed $3 million worth of NOT and will issue $4.2 million in rewards link

Notcoin said in a post that 91.4% of NOT tokens are distributed in 11.5 million addresses, including traders, miners, etc., and another 5.82% of tokens are used for future development. In addition, $3 million worth of NOT has just been destroyed, and $4.2 million worth of NOT will be used as a reward for Notcoin Explore gold and platinum users.

10. Supercast founder: Farcaster node operators will not receive any airdrop rewards link

Supercast founder Woj said Farcaster Hub operators will not receive any airdrop rewards. He criticized those who run Hubs to get airdrops, saying that such behavior undermines the network and has a negative impact on other users. Woj emphasized that Hubs should only be run if they are truly needed and can be afforded. He also said that he was unaware of any airdrops, but believed that users who disrupt the network through spam should be banned from participating in any Farcaster-related airdrops.

In addition, Farcaster co-founder Dan Romero announced a new in-app payment feature using USDC stablecoins on Friday. The new tool, built for Farcaster client Warpcast, uses USDC to pay stablecoins with one click through the user's profile or the app's messaging platform. The feature solves a long-standing problem of paying people with cryptocurrency, which is finding someone's alphanumeric wallet address. Since Farcaster identities are human-readable, it makes the process easier.