News preview:
Polyhedra Network will launch ZK staking functionality on June 10;
Apple's 2024 WWDC detailed schedule announced, starting at 1:00 am on June 11th, Beijing time;
Binance will list IO.NET (IO) on June 11;
Aptos (APT) will unlock approximately 11.31 million tokens at 8:00 am Beijing time on June 12, accounting for 2.58% of the current circulation, with a value of approximately US$97 million;
Arweave AO plans to issue its AO token, and the token economics will be released on June 13;
Starknet (STRK) will unlock approximately 64 million tokens at 8:00 am Beijing time on June 15, accounting for 4.92% of the current circulation and worth approximately US$77 million.
June 10
Exchange:
Kraken plans to delist privacy coin Monero (XMR) in Ireland and Belgium on June 10
Cryptocurrency exchange Kraken has announced that it will stop supporting privacy coin Monero (XMR) in Ireland and Belgium. Kraken will stop trading and deposits of XMR on May 10, and plans to completely delist Monero from the platform on June 10, when XMR withdrawals will be stopped for users in Ireland and Belgium. If users still have XMR balances in their accounts after the deadline, these coins will be automatically converted to Bitcoin (BTC). This move follows the recent EU ban on crypto asset service providers (CASPs) from providing accounts for anonymous users or using privacy-focused tokens such as Monero.
Project dynamics:
Cyber: CYBER tokens will adopt the LayerZero OFT standard on June 10, which will not affect the supply
Decentralized social L2 Cyber (formerly CyberConnect) announced that CYBER tokens will adopt the LayerZero OFT (Omnichain Fungible Token) standard on June 10, 2024, ahead of the mainnet staking that will start on June 14, 2024. The OFT standard is a universal token standard for sending and receiving tokens between multiple blockchains. It is a set of smart contracts that allow tokens to be created, used, and tracked on all blockchains where they are deployed. Currently, CYBER tokens are available on the OP mainnet, BNB chain, and Ethereum.
The maximum total supply of CYBER tokens was set at 100 million in the TGE. However, currently each network has its own total supply, which together make up the maximum total supply of CYBER tokens. On June 10, Ethereum will mint 12.3 million CYBER (total supply of OP + BSC). The CYBER supply has not changed, just the tracking method is different. The new tokens will be locked in the OFT adapter contract and used only for bridging purposes.
NFTfi opens NFTFI token airdrop claim portal until June 10
The NFTFI token airdrop claim portal of NFTfi, an NFT lending protocol, is open until June 10. Unclaimed tokens will be returned to the community and reward allocation and used for future rewards. It is reported that the total supply of NFTFI tokens is 2 billion, and the initial circulation supply is expected to be 220 million, which will be distributed as ERC-20 tokens on the Ethereum mainnet. Tokens will be distributed to communities and rewards, foundations and ecosystems, core contributors and strategic supporters. 84.5% of the NFTFI token supply is initially locked and unlocked within four years.
Nostra will conduct a TGE and launch a Liquidity Bootstrapping Pool (LBP) event from June 10th to 13th
StarkNet Ecosystem Decentralized Finance (DeFi) platform Nostra announced the launch of its token NSTR, calling it the fairest issuance in DeFi. The total number of NSTR tokens is 100 million, all unlocked at launch. A liquidity bootstrap pool (LBP) event will be held from June 10 to 13, with all proceeds used for the liquidity of decentralized exchanges (DEX). The token generation event (TGE) will be held on June 17, including airdrops. NSTR will serve as the governance token of the Nostra ecosystem, giving community members significant voice.
Polyhedra Network to launch ZK staking feature on June 10
Polyhedra Network announced that it will launch the ZK staking function on June 10, allowing users to stake ZK tokens and earn ZK tokens as well as token rewards from ecosystem partners.
June 11
Exchange:
Binance to List IO.NET (IO) on June 11
Binance will list IO.NET (IO) at 20:00 (ET) on June 11, 2024, and open IO/BTC, IO/USDT, IO/BNB, IO/FDUSD and IO/TRY trading markets, with seed tag trading rules applicable. Related reading: Interpretation of Binance's latest Launchpool project IO.Net: With the triple halo of AI, DePIN and Sol ecology, how should the market value it?
Project dynamics:
Web3 talent network Bondex’s BDXN token expected to be listed on exchanges on June 11
CoinList announced that it will host the Bondex Community Sale. Bondex is a Web3 talent network that aims to disrupt the traditional profit center model. The community sale offers 50 million BDXN tokens (5% of the total supply) at a price of $0.08 each. The sale period starts at 01:00 (GMT+8) on March 22, 2024 and ends at 01:00 (GMT+8) on March 29, 2024. 25% of the tokens will be unlocked after the lock-up period, and the remaining 75% will be unlocked in installments over 12 months, and are expected to be listed on token exchanges around June 11, 2024. In addition, Bondex conducted an incentive reward program on CoinList, which attracted more than 75,000 users to download the Bondex app and create their professional profiles.
The first phase of the zkLink Ecosystem Developer Grant Program application will close on June 11
The cross-chain transaction infrastructure zkLink ecosystem developer funding program has been announced. zkLink will allocate 2% of the total token supply (20 million ZKL) to promote innovation. The application period for the first phase (P1) is from March 11, 2024 to June 11, 2024, and successful applicants will be notified no later than June 15, 2024. The results of the funding application will be announced at the end of each quarter.
TON Open League Season 4 is now open for registration and will close at 19:00 on June 11
TON announced that the fourth season of the Open League is open for registration. This season will include competitions in the token, application, NFT and DeFi categories. The registration application will close at 19:00 on June 11, 2024, Beijing time.
The main updates of this season include: 2. This season will merge the main league and the minor league. As usual, the winner of the previous season will receive an enhancement of the liquidity pool (LP). 2. Applications for the DeFi and NFT competitions are now open, but the start date has not yet been determined; 3. To be eligible for the application competition, teams with Telegram Mini Apps need to integrate a new SDK; 4. At the end of the fourth season, the top 10 projects on the leaderboard will receive an enhancement of LP in the fifth season.
community activity:
Apple's 2024 WWDC detailed schedule announced, starting at 1:00 am on June 11th, Beijing time
Apple (AAPL.O) announced the schedule for the 2024 WWDC Global Developers Conference, including the keynote speech and Platforms State of the Union. It will be held from June 10 to 14, Pacific Time. The event slogan is "Big Moves Come Up", and the keynote speech will be held at 10 a.m. Pacific Time on June 10 (1 a.m. Beijing Time on June 11). The market expects Apple to release new operating systems including iOS 18, iPadOS 18, macOS 15, tvOS 18, watchOS 11 and VisionOS 2.
Token unlocking:
Moonbeam (GLMR) will unlock approximately 3.04 million tokens at 8:00 am Beijing time on June 11, accounting for 0.35% of the current circulation, with a value of approximately US$950,000.
June 12
Project dynamics:
Aethir: Checker node holders can start nodes on the mainnet starting June 12
Aethir, a decentralized cloud computing infrastructure project, announced that starting from June 12, Aethir Checker node holders can set up and start Checker nodes on the Aethir mainnet and earn 15% of the total ATH supply in the next four years. Active Checker Nodes will receive a 10% Checker Node operator reward, and another 5% of the ATH supply will be reserved for rewards. Aethir will conduct regular quarterly evaluations of all Checker Nodes to determine which nodes are eligible for the 5% reward based on criteria such as uptime and not withdrawing rewards in advance. All Checker nodes will receive full ATH rewards during the Aethir Checker Node Network Onboarding phase between June 12 and June 27, regardless of their total uptime.
Flow will launch the fourth phase of Crescendo upgrade on June 12
Flow tweeted that the Crescendo network upgrade is coming soon, which will bring EVM Equivalence and Cadence 1.0 to Flow. The first phase of the upgrade will start from May 22 to 23, and the first phase will focus on testing the transaction check logic; the second phase will be from May 29 to 31, further improving the application; the third phase will be from June 5 to 8, the final check before the big action; the fourth phase will be from June 12 to 17, to ensure that everything goes as expected; on June 19, the Crescendo network upgrade will be deployed on the test network. On June 20, Flow will activate the EVM function on the test network.
Market analysis:
10x Research: The head and shoulders pattern indicates that Bitcoin will soon rise to $83,000, and June 12 may be the breakthrough window
10x Research's latest report says it's only a matter of time before Bitcoin hits a new high. The report points out that the current head and shoulders top pattern indicates that Bitcoin will soon rise to $83,000, and the resistance line may be broken in the next few days. The ideal breakout window is today (Friday, June 7) or Wednesday, June 12 next week.
In addition, the report emphasizes that Bitcoin is about to break through the trend line and the head and shoulders top pattern, showing strong upward momentum. The report further pointed out that the global central bank easing cycle has begun, and the interest rate cuts in Canada, Denmark and Europe this week have confirmed this trend. With the weakness of US economic growth, employment and consumer spending, it is only a matter of time before inflation slows down, which provides a good environment for risk assets such as Bitcoin to rise. Although the Federal Reserve has only cut interest rates once in the past 30 years, from May to November before the US presidential election, the report believes that the performance of risky assets depends mainly on the market's judgment on the probability of rate cuts, rather than actual rate cuts. Therefore, 10x Research is generally optimistic about risky assets and expects Bitcoin to set new highs.
Token unlocking:
Aptos (APT) will unlock approximately 11.31 million tokens at 8:00 am Beijing time on June 12, accounting for 2.58% of the current circulation and worth approximately US$97 million.
DYDX (DYDX) will unlock approximately 1.55 million tokens at 0:00 on June 12, Beijing time, accounting for 0.55% of the current circulation and worth approximately US$3 million.
June 13th
Project dynamics:
MarketingFi and AI Data Layer Cookie3 to Launch its COOKIE Token on June 13
MarketingFi and AI data layer Cookie3 will launch COOKIE tokens at 18:00 Beijing time on June 13, 2024, which are the governance and utility tokens of the Cookie ecosystem. The project party said that COOKIE is the first MarketingFi token with multi-airdrop capabilities across the Cookie3 platform, and has a growing demand mechanism related to the AI data trust in Cookie3 Analytics, which can only be exchanged through COOKIE tokens. Cookie3 recently received $5.5 million in token financing, including $3.3 million in seed and strategic rounds. Investors include The Spartan Group, Animoca Brands, Mapleblock Capital, Castrum Capital and other institutions, as well as multiple angel investors and consultants.
Tabi Chain to hold public sale of its TABI tokens on June 13
Gaming blockchain Tabi Chain announced on X Platform that it will conduct a public sale of its TABI tokens on the Beanco platform on June 13, powered by Sign and TokenTable, and participants will have the opportunity to receive future sign+gg token airdrops.
Pirate Nation Foundation to Launch PIRATE Token on June 13
The Pirate Nation Foundation, a blockchain game, announced that it will launch the ERC-20 token PIRATE on the Ethereum network on June 13, 2024.
The total amount of PIRATE is 1 billion, of which the community allocates 47%, the team allocates 28%, the ecosystem allocates 13.25%, and investors and consultants allocate 11.75%. On the day of the TGE (Token Generation Event), the only people who can claim PIRATE tokens will be players and collectors of Pirate Nation. US citizens will not be able to claim PIRATE tokens.
Arweave AO plans to issue its AO token, token economics will be released on June 13
Arweave public testnet Arweave AO said on the X platform that AO will issue its own tokens and adopt 100% fair issuance. Each token will be minted by cross-chain to AO, holding AR or construction. There are 21 million AO tokens in total, with a 4-year halving cycle. The token economics and creation event are scheduled for 23:00 on June 13th, Beijing time, and a new non-profit organization will launch AO according to this mechanism. Note: Users in the United States and sanctioned jurisdictions will not be able to mint AO tokens through the bridge network.
Fetch.AI, SingularityNET and Ocean Protocol token merger will be completed on June 13
Fetch.ai, SingularityNET and Ocean Protocol, entities in the decentralized artificial intelligence space, announced that they will complete the merger of the Alliance of Artificial Superintelligence (ASI) on June 13. Effective June 11, 2024, FET will be renamed ASI and the merger will be completed on June 13. The specific arrangement is that starting from June 11, ERC20 tokens will be available for users to convert FET to ASI tokens through the token migration contract, and then AGIX and OCEAN will be convertible to ASI tokens on June 13.
With the completion of the token merger on June 13, 2024. FET was renamed ASI, with a total supply of 2.63055 billion; the migration bridge from ERC20 FET tokens to ASI was opened at a 1:1 exchange rate; the migration bridge from ERC20 AGIX tokens to ASI was opened at a 0.433350:1 exchange rate; the migration bridge from ERC20 OCEAN tokens to ASI was opened at a 0.433226:1 exchange rate; As of May 28, 2024, ASI's fully diluted market value is US$6 billion.
June 14th
Exchange:
Coinbase to Suspend Metal DAO (MTL) Trading on June 14
Metal L2 announced the migration of MTL from the Ethereum mainnet to Metal L2 via airdrop. Coinbase will not support token airdrops and will suspend trading of Metal DAO (MTL) at approximately 2:00 a.m. Beijing time on June 15. Coinbase has moved MTL orders to a limit price mode. Limit orders can be placed and canceled, and matching may occur. MTL funds will continue to be open to users, and users can withdraw funds at any time. Users must transfer MTL assets to a self-custodial wallet that supports MTL V2 before 11:00 a.m. Beijing time on June 24 to ensure access to the airdropped assets.
Project dynamics:
Nigerian court postpones tax evasion trial of Binance and its executives to June 14
The tax evasion case of the Nigerian court against the crypto exchange Binance and its executives Tigran Gambaryan and Nadeem Anjarwalla (Binance Africa Regional Manager) has stalled in the trial because the authorities failed to bring Gambaryan to court. Therefore, the court has decided to postpone the case to June 14 for possible prosecution. A few days ago, the Abuja court ruled that Gambaryan could represent Binance in the tax evasion trial, but the authorities did not explain why he failed to appear in court. Moses Ideho, a lawyer for the tax bureau, said that Gambaryan should have been brought to court by the Nigerian Prison Service, but he did not know why he did not appear in court.
In addition, Binance and its two executives face four charges of tax evasion, including failure to register with the Nigerian Federal Inland Revenue Service for tax registration. Anjarwalla escaped custody in March, but his name is still listed in the case, and he is not marked as "at large." Gambaryan's lawyer Chukwuka Ikwuazom pointed out that this may stall the trial because Nigerian law requires that the case proceed only after both parties are informed.
Token unlocking:
Immutable (IMX) will unlock approximately 25.53 million tokens at 8:00 am Beijing time on June 14, accounting for 1.72% of the current circulation and worth approximately US$54 million.
June 15
Exchange:
Binance will suspend Tron network (TRX) token deposits and withdrawals on June 15
Tron network (TRX) will undergo a network upgrade at 23:59 (ET on June 15). Binance plans to suspend Tron network (TRX) token deposits and withdrawals at 23:50 (ET on June 15).
Token unlocking:
Starknet (STRK) will unlock approximately 64 million tokens at 8:00 am Beijing time on June 15, accounting for 4.92% of the current circulation and worth approximately US$77 million.
CYBER (CYBER) will unlock approximately 886,000 tokens at 00:00 Beijing time on June 15, accounting for 3.96% of the current circulation, with a value of approximately US$7.4 million.
June 16
Token unlocking:
Render (RNDR) will unlock about 760,000 tokens at 8:00 am Beijing time on June 16, accounting for 0.2% of the current circulation, with a value of about US$7.3 million.
