Headlines
Biden to attend Bitcoin roundtable
Odaily Planet Daily News Biden will attend a Bitcoin roundtable with key congressional officials in Washington, D.C. The proposed meeting, led by U.S. Congressman Ro Khanna, will discuss how to keep Bitcoin and blockchain innovation within the United States. U.S. Congressman Ro Khanna will host a Bitcoin and Blockchain Roundtable in Washington, D.C. in early July, describing it as "the most important meeting between blockchain policymakers and innovation leaders to date." The roundtable is expected to be attended by officials from the Biden administration, the House of Representatives and the Senate, as well as American businessman Mark Cuban. The main goal of this meeting is to develop a strategy on how to keep "Bitcoin and blockchain innovation in the United States." The move is seen as a response to former President Donald Trump's recent endorsement of the Bitcoin industry. Over the past four years, the Biden administration has taken a hostile stance toward Bitcoin and the crypto industry. This upcoming roundtable marks a shift in Washington's attitude toward the crypto industry, which may represent a warming of sentiment among Democrats given Khanna's partisanship. Earlier this week, it was reported that the Biden administration was negotiating to accept cryptocurrency donations through Coinbase Commerce, after Trump also began accepting donations through Coinbase. (Bitcoinmagazine)
ZK Nation: ZK airdrop will be available today
Odaily Planet Daily News ZK Nation posted on the X platform that it has updated its FAQ document and explained the airdrop-related issues again. Finally, ZK Nation stated that the ZK airdrop will be available at 15:00 on June 17th, Beijing time.
LayerZero CEO: A total of 594,641 participants will receive airdrops, and early traders will receive 3 times the reward
Odaily Planet Daily reported that LayerZero Labs CEO Bryan Pellegrino tweeted to announce the final airdrop rules. Early transactions will be calculated at 3 times the reward. If 3 transactions are made in the later stage, an additional 50 tokens will be rewarded (84,000 people are eligible, and this part is about 4.2 million tokens). He said that a total of 594,641 participants will receive airdrops, of which: 364,628 participants will receive 50-100 tokens (total: 24,964,176.99); 184,177 participants will receive 100-250 tokens (total: 27,135,924.07); 34,647 participants will receive 250-500 tokens (total: 11,606,358.46); 8,814 participants will receive 500-1000 tokens (total: 5,821,043.59); 2,217 participants will receive 1000-5000 tokens (total: 3,633,074.70); 158 participants will receive 5000 tokens (total: 792, 823.21).
Industry News
Fidelity Digital Assets released a video introducing Runes and said it will continue to pay attention to its development
Odaily Planet Daily News: Max Wadington, an analyst at Fidelity Digital Assets under Fidelity Investments, released a video on Youtube introducing Bitcoin Runes. He briefly introduced the development history, protocol mechanism and impact of Runes on the Bitcoin network, and finally pointed out that he will continue to pay attention to its development.
Deutsche Telekom announces plans to start Bitcoin mining business
Odaily Planet Daily News Deutsche Telekom announced that it will launch a Bitcoin mining business to expand its ongoing encryption activities. Dirk Röder, head of Web3 infrastructure and solutions at Deutsche Telekom, spoke at BTC Prague: "We have been running Bitcoin nodes since 2023, and we are also running Bitcoin lightning nodes. I want to tell you a little secret, we will soon conduct digital currency mining activities." (Cointelegraph)
Three separate organizations file competing claims over SBF’s confiscated assets
Odaily Planet Daily News: After the criminal conviction of former FTX CEO Sam Bankman-Fried, $11 billion was confiscated in March for property related to his criminal behavior (including crypto tokens, private jets, funds in bank accounts, etc.). Now, three separate organizations-the estate of FTX debtors, a class of creditors, and an offshore entity founded by Sam-haven-have made competing claims for these seized assets, claiming that they legally belong to them. The debtor's estate claimed in the document that although Bankman-Fried was ordered to confiscate the relevant assets, these assets did not belong to him from the beginning because they were the result of his criminal behavior. The document stated: "According to the trial results, all specific properties are held in the name of the debtor entity or FTX Digital and/or are fully funded by the debtor assets."
Project News
Vitalik posted a post introducing the new image compression mode TiTok, and believes that it can be used for on-chain storage
Odaily Planet Daily News Ethereum founder Vitalik Buterin posted on Farcaster to introduce a new image compression mode called "Token for Image Tokenizer" (TiTok), and said that "320 bits is basically a hash value. Small enough for every user to be on the chain."
Solana Sandwich Bot Arbitrages Over $30 Million in MEV in Two Months
Odaily Planet Daily News On-chain analyst Ben wrote on the X platform that Solana Sandwich Bot: arsc…Zh 2 y has earned more than $30 million through MEV arbitrage in the past 2 months. At present, the Bot has transferred 114,000 SOL (about $16.5 million) to 9973 …yWp 6 for safekeeping, which is not very active; its other custodial wallet Ai 4 z…xkkt actively participates in Solana DeFi, gradually converts SOL to USDC through Jupiter DCA, and is active in Kamino and various LST. In addition, the controllers behind the Bot are using a large number of different signers to obfuscate their activities and profits.
Polygon Labs Launches “Privado ID”, a Spin-off of its ID Solutions
Odaily Planet Daily News According to a press release, Polygon Labs, the main development team of Polygon, has completed a derivative product of its ID solution, "Privado ID". Its team said, "The team behind Ide n3 Protocol and Polygon ID is committed to expanding Privado ID beyond the Polygon network, and is currently actively establishing strategic partnerships with on-chain and institutional organizations. These include proofs of concept (PoC) with some multinational banks and financial services companies, aiming to establish a technical foundation for an interoperable and compatible identity framework... This PoC will also explore the use of Privado ID's verifiable credentials (VC) as access control points for licensed financial transactions." (CoinDesk)
Cardano to hand over control of $681 million in treasury funds to community
Odaily Planet Daily News: The Cardano community will gain control of treasury funds worth more than $681 million, which is the eighth largest treasury in the crypto field according to TapTools. Cardano's funds are funded by transaction fees and block rewards, and will support the development of the ecosystem and ensure sustainability. The project's roadmap adopts a three-tier governance structure: the Cardano Foundation, Input Output Global (IOG) (formerly IOHK), and EMURGO. These entities are responsible for overseeing development, research, and commercial activities, respectively. The handover of funds coincides with the upcoming Chang fork, a major upgrade that will transition Cardano to a fully decentralized blockchain ecosystem. It is reported that the Cardano Chang fork upgrade is expected to be completed in June. (beincrypto)
Uniswap Labs launches community survey on new features, using any token to pay for gas has a high support rate
Odaily Planet Daily News Uniswap Labs launched a survey on the X platform about what new features to add to the Uniswap mobile application, including in-app bridging support, using any token to pay for gas, viewing LP positions, and price alerts. So far, using any token to pay for gas has the highest support rate.
LayerZero CEO: The community can review the temporary witch list within 24 hours, and if it is wrong, it will be deleted
Odaily Planet Daily reported that LayerZero Labs CEO Bryan Pellegrino published a temporary witch list on the X platform and said, "We publish this information here for community review. If a cluster here is wrong or the report is wrong, we will delete it. This information is not for personal appeals, so it is not per address. Please list the obviously wrong clusters and 'why' the method is obviously wrong or how to prove that it contains false positives. If possible, please provide feedback within the next 24 hours." And added that a few bounty hunter reports have been approved but not yet included in the list, the list may be slightly updated tomorrow, but 99% are listed here.
EIGEN token airdrop claims exceed 80 million
Odaily Planet Daily News: After the Eigen Foundation announced the opening of the first phase of the Season 1 EIGEN staking airdrop, the latest data from Dune Analytics shows that the number of EIGEN tokens claimed has exceeded 80 million, and is currently 80,750,184. So far, the largest claim is 2,426,394, the smallest claim is 2, and the number of addresses participating in the claim is 189,469.
Notcoin announces the end of airdrop claims, unclaimed tokens will be invested in future development or destroyed
Odaily Planet Daily News Telegram game project Notcoin announced on the X platform that the airdrop claim has ended. Most of the airdropped tokens have been distributed, and unclaimed tokens will be invested in future development, and some will be destroyed. So far, Notcoin has 11.5 million holders. In addition, there will be additional rewards for players who pledge to Gold and Platinum levels.
Farcaster Lianchuang: Warpcast’s target customers are English users, and there are no plans for international expansion
Odaily Planet Daily News: Farcaster co-founder Dan Romero responded to a user's comment on social media that "I hope Warpcast's core is not just English users." He said that Warpcast is an American team with no international expansion plans. The team believes that they can build an excellent client for English users, but they do not have enough bandwidth to serve international users well. Phaver, Firefly App and supercast are clients that do well in international aspects.
Scroll Ecosystem DEX NURI Exchange will launch NURI tokens on June 19
Odaily Planet Daily News Scroll announced on X that its ecological DEX NURI Exchange will launch its native token NURI on June 19. According to reports, NURI combines the security of Uniswap v3 with innovative governance and incentives.
ZKX: Decision to cancel public offering round and all launchpads
Odaily Planet Daily News: Derivatives trading protocol ZKX posted on the X platform that based on feedback from the community and investors, it decided to cancel the public offering round and all launchpads. Its project goal is to ensure the long-term health of the token ZKX, and it believes that this decision is correct.
LootBot Open ZKsync Airdrop Allocation Query
Odaily Planet Daily News: The automated interactive bot LootBot posted on the X platform that it will open the ZKsync airdrop allocation query in the Intent Terminal. Users need to log in through the Telegram bot to query.
Slerf: Developing a community committee and DAO for SLERF and Slerf Capital, including Chinese and English KOLs
Odaily Planet Daily News: Slerf officials posted on the X platform that they are working with NFT holders to develop a community committee and DAO for SLERF and Slerf Capital. This will give the community more control and decision-making power over Slerf, and said that the committee will include Chinese and English SLERF KOLs.
Investment and Financing
Web3 game publisher Sidus Heroes completes new round of financing, DWF Labs participates in the investment
Odaily Planet Daily News BlockBeats reported that Web3 game publisher Sidus Heroes announced the completion of a new round of financing. Cryptocurrency trading market maker DWF Labs participated in the investment and reached a partnership with it. The specific amount of financing has not been disclosed. Earlier news, the Metaverse blockchain game project SIDUS HEROES announced the completion of US$20 million in financing. This round of financing was participated by Animoca Brands, Polygon, OKEx Blockdream Ventures, Arkstream Capital, Spark Digital Capital, AU 21 Capital, HashKey and other institutions and other angel investors.
DeFi trading platform Reposwap completes seed round financing, led by QCP Capital
Odaily Planet Daily reported that DeFi trading platform Reposwap announced the completion of its seed round of financing, led by QCP Capital and participated by investment institutions such as ZK Prime Capital and XLink Ventures. The specific amount of financing and valuation have not been disclosed yet.
Character*Voice
Tether CEO: More than 300 million people use USDT worldwide, and Tether is the main buyer of U.S. Treasury bonds
Odaily Planet Daily News Tether CEO Paolo Ardoino recently highlighted the important role of USDT in driving demand for the US dollar in emerging markets. Ardoino revealed that more than 300 million people around the world use USDT as a digital dollar to provide basic financial services to communities in developing countries. This stablecoin improves the efficiency of money transfer and storage, bypassing the traditional financial system that often excludes people with underbanked services. This means that if Tether's USDT usage scale is equivalent to a country, its economic size will exceed that of countries like Indonesia, Pakistan, and Nigeria. Therefore, the high acceptance of USDT has a significant impact on the global financial system. Ardoino pointed out that Tether is one of the top three buyers of short-term U.S. Treasuries in the world, and is also among the top twenty buyers overall. This reflects Tether's growing influence in the financial field and the increasing integration of virtual assets with the traditional financial system. Ardoino's comments were in response to an article that pointed out that dollar-backed stablecoins have fueled demand for U.S. public debt.
DWF Labs Co-founder: Meme coins are popular and may rise in a downturn
Odaily Planet Daily News DWF Labs co-founder Andrei Grachev posted on the X platform that when the market is down, something must be rising, and paper hands sell what they have and try to recover/catch luck. This is why memes are particularly popular in dull/downturned markets, some of which always rise and people can gamble.
Trusta CTO: The multiplier rules in ZKsync and LayerZero airdrops will exacerbate the polarization of airdrops and have potential room for maneuver
Odaily Planet Daily News Trusta CTO Simon published an article on the X platform saying that the multiplier rules in the airdrop allocation design of ZKsync and LayerZero will aggravate the polarization of airdrops and there is potential room for maneuver. He pointed out that in fact, in airdrops such as Optimism, Arbitrum, Celestia and Starknet, the project parties did not design airdrop rules based on multipliers, but in the Wormwhole airdrop in April this year, the project parties have systematically used several multiplier rules, but they did not trigger community discussion. However, the multiplier rules used in the ZKsync airdrop design and the airdrop multiplier rules announced to the market in advance by LayerZero reflect strong subjectivity and user polarization. Simon said that although he fully understands the project parties' emphasis on certain types of transactions, assets, and wallets, it is still worth discussing whether the airdrop design uses multiplication or addition rules.
