Daily CRYPTO NEWS recap📈🔥- 22.06.2024
•ZRO token falls -25% during last 48h amid controversy over LayerZero’s “airdrop”
LayerZero, a cross-chain interoperability protocol, recently launched its token $ZRO , which has fallen nearly 25% since its debut. The decline follows controversy over its "proof of donation" criteria for claiming tokens, which some compared to a "tax." Despite users needing to meet several other airdrop requirements, LayerZero added an extra confirmation step, altering the nature of the airdrop to resemble an ICO (Initial Coin Offering).
•Rapper 50 Cent claimed that his X account was hacked to promote rug-pull memecoin
Well-known rapper 50 Cent recently shared on his Instagram that his X platform and website were hacked and used to promote a pump-and-dump memecoin scam. The token, named GUNIT after 50 Cent's record label, quickly attracted many investors and surged in value before crashing. Prices eventually plummeted to $0.00016. Cointelegraph, which reviewed GUNIT token trading data on Dex Screener, confirmed that multiple wallet addresses sold the memecoin for over $100,000. This incident exemplifies the prevalence of memecoin scams, highlighting the importance of thoroughly researching and being cautious with unverified or potentially fraudulent tokens. Be careful!
•Honk Kong looking forward into Web3 - seeking feedback and invites global opinions
Hong Kong Legislative Council member Johnny NG Kit-Chong announced that the government is currently seeking opinions from the global industry to propose policy recommendations and facilitate thematic discussions on the future directions of Web3 and the virtual assets industry. This initiative marks a significant step forward toward the broader adoption and integration of blockchain technology.
Stay tuned for more updates from MarMag! New posts coming soon :))
