1. ZK airdrop is now open for claiming on Monday link

The ZKSync airdrop was open for claiming on Monday, with Binance, OKX and South Korea's second largest crypto exchange Bithumb listing ZK trading. Binance also said that in light of the community's continued concerns about the distribution of ZK token airdrops, Binance decided to distribute 10,500,000 ZK tokens to up to 52,500 Binance users who meet all conditions. As of press time, ZK is currently quoted at $0.175, with a circulating market value of $644 million.

According to Nansen data, among the top 10,000 addresses that have received the ZK airdrop, 23.4% of the addresses chose to hold on; 41.8% of the addresses chose to completely transfer or completely sell approximately 360 million ZK; and 34.7% of the addresses chose to partially transfer or partially sell approximately 170 million ZK.

2. LayerZero airdrop is launched, Arbitrum becomes one of the biggest winners of LayerZero airdrop link

On June 20, LayerZero opened its airdrop application, and its ZRO token was listed on mainstream exchanges such as Binance, OKX, Coinbase, and Upbit. LayerZero distributes airdrops from multiple dimensions such as the number of public chains used and the number of L0 protocols, Stargate voting rewards, LP, ONFT, and OFT users. A total of 1.28 million addresses meet the airdrop qualifications, and nearly 10 million ZRO tokens that would have been owned by sybil are now distributed to users. In addition, LayerZero has launched a new claim mechanism called "Proof-of-Donation". To claim ZRO, users must donate $0.10 USDC, USDT, or native ETH per ZRO. This small donation will be donated directly to the Protocol Guild. The LayerZero Foundation will match all donations, up to a maximum of $10 million.

Although ZRO airdrops can be claimed on multiple L2s, the verification root Merkle proof of the airdrop needs to be verified on Arbitrum. After successful verification, the tokens are transferred across chains to the corresponding claiming chain through the LayerZero protocol. In addition, since mandatory donations are required to claim LayerZero airdrops, this has caused congestion on Arbitrum and pushed up network gas fees. On June 20, Arbitrum rollup revenue reached $3.43 million, with a net profit of $3.29 million, setting a record high for a single day. Arbitrum became one of the biggest winners of LayerZero airdrops. @hildobby_'s data panel shows that after the LayerZero airdrop was opened for claiming, the median Arbitrum gas fee once soared to nearly 35 gwei.

3. Blast airdrop will start in a week link

Blast tweeted that its airdrop activity will start in a week. If the user has Gold or points in EOA, they need to log in to the Blast dashboard at least once with that EOA (by receiving an invitation or linking it to an existing account) in order to include it in the airdrop calculation. In addition, DApps need to distribute all Gold or points to users before 20:00 Beijing time on June 25.

4. Merlin Chain announces ecosystem funding program Merlin’s Adventure, offering 210 million MERL tokens link

Merlin Chain announced the ecosystem funding program Merlin’s Adventure, providing 210 million MERL tokens to support developers who drive Merlin Chain adoption. Projects open for application are divided into five categories: User Experience Pioneer, BTC Native Asset Innovator, Merlin Visibility Trailblazer, Ecosystem Participation Leader, and Bitcoin Innovation Pathfinder.

5. Fantom Foundation established Sonic Labs Innovator Fund, which will invest up to 200 million FTM links

The Fantom Foundation announced the establishment of the Sonic Labs Innovator Fund, which will invest up to 200 million FTMs to accelerate the migration of more innovative DApps to the Sonic network. It also stated that the fund is a supplement to its airdrop of over 100 million S tokens. Previously, the Fantom Foundation completed a strategic financing of US$10 million led by Hashed to support the Sonic Foundation.

In addition, Fantom released the third Sonic governance proposal, which covers ecosystem grants, new token destruction mechanisms, and innovative programs such as Sonic Spark and Sonic University. Over the next six years, the Sonic Foundation will allocate a portion of tokens as operating funds for Sonic Labs to manage dApps, BD partnerships, and network growth between the growing community of existing and new users. In addition, if the community decides to keep the inflation rate at 1.5% per year for six years, 47,625,000 tokens will be minted each year (3,175,000,000 x 1.5%), and if Sonic Labs only uses 5,000,000 tokens that year, the Sonic Foundation will destroy the remaining tokens (42,625,000).

6. Worldcoin investigation in Kenya dropped link

Worldcoin’s investigation in Kenya has been dropped, with police saying no further action will be taken. The Kenya National Police’s Directorate of Criminal Investigation (DCI) announced in a statement on June 14, 2024 that it had terminated its investigation into Worldcoin. Previously, Worldcoin was suspended in 2023 for allegedly illegally collecting and transmitting sensitive personal data. DCI recommended that Worldcoin register as a business in Kenya, obtain appropriate licenses, and ensure that all third-party suppliers undergo rigorous vetting and legal contracts.

7. ENA updates the token economy, airdrop users need to lock at least 50% ENA link

Ethena Labs released an update on the ENA token economics, introducing ENA and sUSDe restaking through Symbiotic and LayerZero. The cross-chain transfer of Ethena assets is verified through the LayerZero DVN network, and the ENA restaking pool on Symbiotic is used to protect the security of the Ethena Chain. The Symbiotic ENA pool will be launched on June 26. In addition, the Ethena Chain will focus on building applications and infrastructure with USDe as a gas token and fulcrum asset, and restaking ENA will provide universal security for application use cases. It is worth noting that starting from June 17, any user who receives ENA through airdrops will be required to lock 50% of the amount of ENA received and available for collection in Ethena locking, Pendle PT-ENA or Symbiotic Restaking.

In addition, Bitget announced that it will support Ethena's USDe as collateral for perpetual contract transactions, and will include it in the savings product of Bitget's "Earn" plan, while integrating it into spot trading pairs. According to Guy Young, founder of Ethena Labs, USDe generates income through staking rewards and neutral position trading. Compared with using other stablecoins, traders can avoid value loss by using USDe. However, USDe has some risks, such as the possibility of declining returns or even losses when the funding rate remains negative.

8. ether.fi proposes to use up to 50% of protocol revenue to purchase ETHFI link

The Ethereum liquidity staking protocol ether.fi Foundation has announced that it has launched its first community proposal, which includes a proposal to use up to 50% of the protocol revenue to purchase ETHFI. 5% of monthly revenue will be used in the initial stage, and future increases will be decided by community voting. Revenue comes from staking and liquidity vaults. Any revenue from future products used for this purpose will be decided by subsequent voting. The purchased ETHFI will be used to build a treasury and inject a liquidity pool on Curve to increase the TVL of ETHFI.

9. Solana Memecoin Slerf promotes community governance and will establish a community committee and DAO link

Solana Memecoin Slerf's official Twitter account said that it will work with NFT holders to develop a community committee and DAO for SLERF and Slerf Capital, which will give the community more control and decision-making power. The committee will include KOLs from the English and Chinese SLERF communities. Billywen, the founder of Negentropy Capital, who claims to be Slerf's largest donor, said that he had an in-depth exchange of ideas with the Slerf project dev and agreed to its proposal to establish a community governance DAO; in the future, all important matters of Slerf will be decided by community voting, including the formation of a management committee composed of important KOLs to oversee project operations, continue to empower NFTs, and sell the remaining NFT assets as soon as possible to complete the repayment of the last 12,000 SOL. In March of this year, Slerf raised more than 50,000 SOL (more than 10 million US dollars), but claimed that all LPs and airdrop tokens were destroyed due to careless operations.

10. Notcoin founder: The click-to-earn model is unsustainable, and plans to build a sustainable and efficient subsystem in the next four years link

Sasha, the founder of Ton Ecological Click Game Notcoin, believes that the click-to-earn model is unsustainable, and only games with sustainable models can survive. He mentioned that games such as Catizen have sustainable models. Sasha hopes that Notcoin will get rid of the narrative of click games and make the project independent of the team by building sustainable and efficient subsystems in the next four years. The current focus is to allow users to earn Notcoin by interacting with other Telegram games and destroying some tokens in the process. He expects these activities to increase to 50 to 100 per week. Sasha said that Notcoin offers rewards to those who invite other paying Telegram Premium users, and claimed that 30% of all Telegram Premium users have played Notcoin. The game is in the greatest demand in countries such as Russia, Uzbekistan, Nigeria, the United States, Germany and Iran. The numerous subsystems in the future include competitions, ways to incentivize contributors, game platforms, and even a decentralized university based on AI content and open to everyone.