Today's news tips:
1. Bitwise, VanEck and other 7 Ethereum spot ETF applicants have submitted revised S-1 documents
2. Bloomberg: Trump campaign returns excess donation limit to Gemini
3. Pantera Capital is raising funds for the second TON token investment fund
4. Fantom releases the third Sonic governance proposal, involving a new token destruction mechanism
5. Rapper 50 Cent claims that his X account was hacked, and the hacker promoted cryptocurrency and defrauded about $300 million
6. An address mistakenly transferred 7912 ezETH to the contract address, resulting in the funds being locked and unable to withdraw
7. Bitcoin spot ETF had a total net outflow of US$106 million yesterday, continuing its net outflow for 6 consecutive days
Regulatory News
Bitwise, VanEck and other 7 Ethereum spot ETF applicants have submitted revised S-1 documents
According to Watcher.Guru, seven Ethereum spot ETF applicants have submitted revised S-1 documents, including Bitwise, Fidelity, VanEck, Franklin, 21Shares, Grayscale and BlackRock. In addition, Franklin set its fees at 0.19% and VanEck set its fees at 0.2%. Other issuers have not yet announced their fees.
Bloomberg: Trump campaign returns excess donation limit to Gemini
According to Bloomberg, Donald Trump's presidential campaign returned donations in excess of the legal limit to the brothers Cameron Winklevoss and Tyler Winklevoss, co-founders of the US cryptocurrency exchange Gemini. Earlier, Gemini co-founders Cameron Winklevoss and Tyler Winklevoss tweeted that they had donated $1 million in Bitcoin (15.47 BTC) to the Trump campaign, exceeding the maximum limit of $844,600 per person that the Trump committee could legally accept.
AI
Apple delays launch of AI features in Europe due to EU rules
Apple has said it will suspend the launch of its "Apple Intelligence" initiative in Europe, according to Decrypt. Citing government regulations, Apple said it will not launch several new features, including its upcoming AI tool suite, in the European Union.
Earlier this month, Apple released a series of artificial intelligence features and services at its annual WWDC conference. These features and services are called "Apple Intelligence" and will bring artificial intelligence enhancements to its entire product line. Apple also announced a partnership with OpenAI to provide its flagship artificial intelligence model ChatGPT as an optional feature in the Siri virtual assistant. Apple said that the EU's new commercial competition rules led to its decision to suspend AI upgrades and specific features of the iPhone, including iPhone Mirroring and SharePlay Screen Sharing. This decision may affect millions of users and sales of upcoming new hardware.
"Due to the regulatory uncertainty created by the Digital Markets Act (DMA), we do not believe we will be able to launch three of these features to EU users this year," Apple said. The law imposes specific obligations, prohibitions and fines on companies, aiming to address conflicts of interest and provide a level playing field for European companies. The DMA said violations of the law could result in fines of up to 10% of the offending company's annual global revenue, or 20% in the case of repeated violations. The DMA, originally passed in 2022, is an EU regulation designed to ensure fair competition in digital markets. It targets so-called "gatekeepers," which the law defines as large digital platforms such as search engines and app stores.
Project News
Coinbase has launched Core (CORECHAIN)
Coinbase Assets tweeted that Core (CORECHAIN) is now available on the Coinbase website, Coinbase iOS and Android apps. Coinbase customers can buy, sell, exchange, send, receive or store these assets.
Fantom releases third Sonic governance proposal involving new token destruction mechanism
The Fantom Foundation tweeted that it has released the third Sonic governance proposal, which covers ecosystem grants, new token destruction mechanisms, and innovative programs such as Sonic Spark and Sonic University. It is reported that the Sonic Foundation will allocate a portion of tokens as operating funds for Sonic Labs in the next six years to manage dApps and BD partnerships. 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%). If Sonic Labs only uses 5 million tokens that year, the Sonic Foundation will destroy the remaining tokens (42,625,000).
Stella releases rebranding proposal and changes its name to LitLayer
Leveraged strategy protocol Stella released a rebranding proposal, aiming to expand the scope of dApps to leveraged infrastructure protocols and change its name to LitLayer. The transformation will involve rebranding, new product directions, and token economics changes. It is reported that as part of the rebranding, Stella will migrate from the current ALPHA token to the LTLY token at a ratio of 1:1. LTLY holders can earn infrastructure fees and participate in governance through the staking model. The maximum supply of LTLY tokens is 3 billion, of which 300 million will be used for airdrops.
Rapper 50 Cent claims that his X account was hacked, and the hacker promoted cryptocurrency and defrauded about $300 million
Famous rapper Curtis James Jackson III, also known as 50 Cent, claims that his X (formerly Twitter) account and website were hacked, leading to the hackers promoting a cryptocurrency pump and dump that defrauded victims of $300 million.
The hacker created a new crypto token "GUNIT", using 50 Cent's large following (about 12.9 million followers) to attract more investors and drive up the price, then draining its value, causing the token price to plummet to $0.00016. On June 21, 50 Cent posted on Instagram to his 32.8 million followers claiming that his X account and website had been hacked, and admitted that a large amount of victims' funds had been lost from the project. "Twitter quickly locked my account. Whoever did it made $300 million in 30 minutes," 50 Cent declared, claiming that he had "nothing to do with this cryptocurrency."
Financing News
Pantera Capital is raising funds for the second TON token investment fund
Pantera Capital is raising money for a new fund that will invest exclusively in TON tokens. An email Pantera sent to potential investors earlier this week showed that the fund, called "Pantera TON Investment Opportunity," aims to raise funds to buy more TON tokens. Interested parties need to indicate their interest through a form before June 21, with a minimum investment of $250,000 per supporter.
Important data
Five suspected Sun Yuchen addresses have accumulated more than 405,000 ETH in the past 7 months, with a total value of more than 1.4 billion US dollars
@ai_9684xtpa tweeted that the five addresses suspected to be Justin Sun accumulated 405,437 ETH positions from December 2023 to June 2024, with a total value of $1.42 billion and an average cost of about $3,010. The ETH price rose three out of four positions, with an overall winning rate of 75%, including an average increase of 15% at the end of 2023 and February 2024.
Bitcoin spot ETF had a total net outflow of $106 million yesterday, continuing its net outflow for 6 consecutive days
SoSoValue data shows that yesterday (June 21, Eastern Time), the total net outflow of Bitcoin spot ETFs was $106 million. Yesterday, the Grayscale ETF GBTC had a single-day net outflow of $34.2043 million, and the current historical net outflow of GBTC is $18.36 billion.
The Bitcoin spot ETF with the largest daily net inflow yesterday was Franklin Templeton EZBC, with a daily net inflow of $1.8572 million. Currently, EZBC's total net inflow has reached $363 million. As of now, the total net asset value of Bitcoin spot ETFs is $55.547 billion, and the ETF net asset ratio (market value to Bitcoin's total market value) is 4.39%, with a historical cumulative net inflow of $14.562 billion.
An address mistakenly transferred 7912 ezETH to the contract address, resulting in the funds being locked and unable to be withdrawn
According to monitoring by ai_9684xtpa, 2024.qklpj.eth seems to have mistakenly transferred 7912 ezETH to the contract address (about 27.96 million US dollars), resulting in the funds being locked and unable to be withdrawn. Three days ago, he transferred 5477 ezETH to the multi-signature address 0x5E6...A1c19. It is likely that he wrote a contract to grab the redemption quota faster. This part of the funds has been withdrawn in batches normally. At this time, an accident happened. One of the funds was directly deposited into the transfer contract 0xe9a...696C4 (Arkham marked as CoboSafeAccount), which cannot be transferred or upgraded.
ZachXBT: AVAX's sudden drop of about 10% may be related to an entity transferring 1.96 million tokens to CEX
On-chain detective ZachXBT said that AVAX fell by about 10% in the past few hours, which may be related to an entity transferring 1.96 million AVAX (about 54.2 million US dollars) to Coinbase, Binance, and Gate.
ZachXBT: An entity that deposited 1.96 million AVAX with CEX withdrew more than $46 million in BTC
On-chain detective ZachXBT said on the X platform that the entity that transferred 1.96 million AVAX (about 54.2 million US dollars) to Coinbase, Binance, and Gate withdrew more than 46 million US dollars worth of BTC from Coinbase and Binance after depositing AVAX.
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