Keywords of the Week

Ethereum network Gas fee down to 4 gwei, the new bottom of the opportunity to come! The mempool.space data shows that Bitcoin network transaction fees have now fallen back to 12 Si/Bytes, and the medium/high priority is reported temporarily as 13 Si/Bytes.

TON ecology is on the rise, and last Monday my sister's interview also mentioned TON many times, so the spot is not far away. The continued increase in TVL along the chain, coupled with the NOT, is estimated to have more opportunities for new currencies and projects later on.

Bitcoin Fixed Investment Indicators

Current ahr999 indicator is: 1.0246, the theoretical set range: 0.45-1.2

Today's cryptocurrency scare and greed index is 71 (71 yesterday), according to Alternative. Note: The panic index threshold is 0-100 and includes indicators: Volatility (25%) + Market Volume (25%) + Social Media Heat (15%) + Market Research (15%) + Bitcoin Share (10%) + Google Hot Words Analysis (10%).

The BitVol (Bitcoin Volatility) index dropped to 50.96 yesterday, down 1.24%.

According to CME "Federal Reserve Watch": The Fed's probability of holding interest rates unchanged in June is 99.8%. The probability of raising interest rates by 25 basis points is 0.2%. The probability of the Fed holding interest rates unchanged by August is 82.3%. The probability of a cumulative rate cut of 25 basis points is 17.5%. The probability of a 25 basis point hike is 0.1%.

On June 16, according to the CME "Fed Watch," the probability of the Fed holding interest rates unchanged in August was 87.6%, while the probability of a 25 basis point rate cut was 12.4%.

On June 18, the Fed said that, based on his current forecasts, he thought it would be appropriate to cut rates once this year, underscoring the signal that interest rates could remain high. "If everything meets expectations, I think it would be appropriate to cut rates once before the end of the year," Hacker said. "In fact, I think there is a good chance of two or zero rate cuts this year, depending on which direction the data is moving. So we will still rely on data. " The governor of the Philadelphia Fed now expects economic growth to slow, but still above the trend line, and unemployment to rise modestly. He also argued that falling back to the Fed's inflation target would be a "long process."

Latest Hotspots and Trends in the Coin Circle

ERC-6900 may become a new hotspot.

The ERC-6900 's official website, Resources, is published and co-authored by the Ethereum Foundation, Alchemy, Circle and QuantumStamp, provides a comprehensive guide to ERC-6900. ERC-6900 is a groundbreaking proposal to standardize interfaces that combine smart accounts. The core idea behind ERC-6900 is to promote unlicensed innovation by making it easier for developers to build secure, interoperable and combinable modular smart accounts and plug-ins. The site provides resources for ERC-6900 motivation and design, community engagement, compatible smart account implementations and plug-in development, as well as benefits for ERC-6900 eco-developers and a roadmap for future focus.

ERC 6900 Official Links

ERC 6900 Proposal

June 18, according to CoinGecko, The total market value of cryptocurrencies fell to $2.462 trillion, a decline of 4.5% in 24 hours. The total value of the cryptocurrencies fell more than 😂, Ethereum fell below $3,400, now quoted at $3380, 24 hours down 6.23%.

Coinbase will add support for EIGEN to Coinbase International Exchange and Coinbase Advanced's Pre-Launch market. EIGEN-PERP will open from 20:00 on or after June 18, 2024.

18 June, according to Arkham statistics, As of 24:00 yesterday, 66.9% of the ZKsync airdrop had been claimed by 430,706 addresses. 2.46 billion ZK tokens (approximately US $607.6 million).

On June 17, Cointelegraph reported that crypto startups have raised more than $100 billion since the end of May 2014. Despite regulatory uncertainty and fluctuations due to market volatility, the industry's upper and lower limits on financing have increased in the last four years. According to DefiLlama, as of June 16, 2024, total financing for the cryptocurrency industry amounted to $101.35 billion. Back in May 2014, industry startups raised just $1.714 million in their first month. Ten years later, in May 2024, monthly financing increased to $280.25 billion, although higher than a decade ago, but far lower than the previous month's $7771.1 million. In October 2021, cryptocurrency startup financing peaked at more than $7 billion, with a secondary peak of $3.67 billion in February 2022. Research shows that nearly half of cryptocurrency funding comes from US investors, with the UK and Singapore in two or three places. Recently, companies such as Together. AI, Wormhole, Totter, Eigenlayer, Swan Bitcoin and Blockchain.com have received high financing.

9 projects ushered in token unlock events. The ID will usher in a daily unlock, which accounts for 18.23% of the circulation and amounts to about US $44 million. In addition PIXEL will unlock 7% of the circulation of tokens.

On June 17, according to Token Unlocks, there will be five items this week that will mark a one-time large unlock of tokens, including: ApeCoin will unlock approximately 15.6 million APEs at 0800 hours on 17 June, representing 2.48 per cent of the circulation, valued at approximately $16.87 million; Nym will unlock approximately 2.96 million NYMs at 8.00 hours on 17 June, representing 0.37 per cent of the circulation, valued at approximately $4.05 million; Manta Network will unlock approximately 6.67 million MANTAs at 17.30 hours on 18 June, representing 2.05 per cent of circulation, valued at approximately $8.6 million; Pixels will unlock approximately 54.38 million PIXELs at 1800 hours on 19 June, representing 7.05 per cent of the circulation, valued at approximately US $1.68 million; SPACE ID will unlock approximately 78.49 million IDs at 8.00 hours on June 22, representing 18.23% of circulation and worth about $43.9 million.

On June 17, according to DefiLlama, TVL surpassed $600 million, now $611 million, a record. Of these, DeDust's TVL growth of 54.43% over the past week jumped to the top of the EcoTVL protocol.

Contract Data

On June 17, according to Coinglass data, bitcoin futures contracts across the Internet had an open position of 525.15 million BTCs (approximately $34.59 billion). Of these, CME Bitcoin contract open position of 15.08 million BTC (approximately $9.91 billion), ranked first; Binance's open position on bitcoin contracts is second with 122.18 million BTCs (approximately $8.05 billion).

On June 18, according to Coinglass data, $318 million of the last 24 hours, including $270 million in single and $48.106.2 million in empty.

IO coinage, RCH ushered in a new DAO model, mining + gain repurchase may become the new FOMO disk.

Aethir Game Infrastructure Project launches and launches airdrop collection.

Farcaster nodes may have a chance to reap the benefits, and more and more projects have recently begun to gain early users through the drainage of farcaster. When ecology erupts, it may be the way of the rise of meme tokens.

ZKS is on? According to encrypted KOL TOBI, the delegate function of the suspected ZK token has just been deployed in ZK Nation. Earlier today, Ethereum L2 Network zkSync officially alerted users to "ZK Nation, a community account dedicated to managing, protecting and developing the zkSync protocol."

Summary of a sentence

On June 13, Coinglass data showed that over the past 24 hours, $231 million of which was mostly $147 million and $84.48 million.

Long began to enter clearing mode, expected bitcoin's new high is not far away, do not be thrown off the car! 2024-06-13

Macro News

On June 12, asset manager Bitwise said in a report Wednesday that artificial intelligence (AI) and cryptocurrencies could generate $20 trillion in total revenue for the global economy by 2030. "The intersection of AI and encryption will be bigger than one might think," said Juan Leon, senior cryptographic research analyst. "These two industries could add $20 trillion to global gross domestic product (GDP) by 2030. The battle for artificial intelligence hegemony has led to unprecedented shortages in data centers, artificial intelligence chips and power supplies, and the four major cloud computing companies are expected to invest about $2 billion in data centers in 2025, primarily to meet the growing demands of AI companies.

On June 12, the United States recorded an unscheduled core CPI annual rate of 3.4% in May, below the projected 3.5% level, the lowest since April 2021. (Gold Ten)

Swap contracts show that markets expect the Fed to cut interest rates by up to 25 basis points in November.

On June 13, the Federal Reserve bitmap showed a 25 basis point rate cut in 2024 (75 basis point cut is expected in March). In addition, the bitmap suggests that interest rates will be cut four times in 2025 (three in March).

Latest Hotspots and Trends in the Coin Circle

Tether has become the second largest shareholder in Bitdeer, a bitcoin miner, and currently owns 25% of the company. At the end of May, Bitfawn announced that it had received up to $150 million in private financing from Tether. The transaction includes a warrant allowing Tether to purchase up to 5 million additional shares for $10 per share over the next year.

On June 13, Aave founder Stani Kulechov quoted UwU Lend as saying that it was a good reminder to stay away from forked, immature protocols and incompetent teams.

On June 13, Binance Co-Founder Ho Yi spoke at Binance Chinese Community AMA. Binance has management measures for so-called zombie coins, Binance periodically reviews tokens that are already online. The main concern is whether there are indicators of continuous development, liquidity, negative information, etc. Tokens found to be riskier are labeled as monitors. Binance has a dedicated department that looks at items already in currency and monitors them on a daily basis. Not only is social media active, but it also looks at mobility, development progress and regulatory requirements.

On June 14, Forbes reported that Binance founder CZ is already the richest incarcerated person in history and has repeatedly become the richest person in cryptocurrency. Forbes' latest estimate of $61 billion in wealth makes him the 24th richest person in the world, behind Julia Koch and his family. The second richest person in cryptocurrency is Coinbase founder Brian Armstrong, with a fortune of $11 billion. CZ wealth growth has two factors. First, he holds a 90% stake in Binance, which is worth $33 billion despite resigning as CEO in November 2023 as part of a settlement with the U.S. Department of Justice and acknowledging anti-money laundering and sanctions violations. His company also paid $4.9 billion in fines to the U.S. government. However, the impact on CZ's personal wealth is less, as he only pays a $50 million fine. The big change in CZ's net worth came from the token BNB, which Forbes found to be his personal possession of Binance. He is estimated to hold 94 million tokens, Forbes estimates that Binance currently has 71% of its BNB supply.

Bitcoin ETF Data

June 13, Invesco and Galaxy co-launch spot Ethereum ETF "INVESCO GALAXY ETHEREUM ETF SHS" (Code QETH) is listed on the DTCC website and the Create/Redeem column appears as N.

According to Farside Investors, Grayscale GBTC had a net outflow of $121 million yesterday. BITB in Bitwise has a net outflow of $11.7 million. ARK 21Shares a net outflow of $56.5 million from ARKB.

meme trends

According to The Block, the encryption project has released about $4 billion worth of airdrops so far this year. Based on the number of tokens issued and the approximate average price for the following months, The three largest air drops are Jupiter, Starknet and Notcoin. The value of the airdrop per project is approximately $1 billion. It is followed by Solana or Ethereum-based projects such as Wormhole, Ether.fi, FriendTech and Wen.

, Milady Founder @ CharlotteFang77 released MEME token CULT pre-sale, Some 4,809 ETHs, approximately $16.89 million, have been raised.

Quality Project Progress

As of June 8, Uniswap front-end transaction fees (revenue) amounted to $37.78 million, according to DefiLlama data.

The Polkadot eco-DeFi project Hydration announced that it had obtained 2 million DOT tokens (equivalent to US $14.4 million) from the Polkadot treasury. The funds will be earmarked to enhance the liquidity and trading efficiency of Omnipool, Hydration's unilateral liquidity supply platform. One million DOTs will be spent in one year to attract new liquidity into the Polkadot ecosystem, and the initial reward for the liquidity provider (LP) will exceed the 200% APY mark. Thanks to Hydration Omnopool's one-sided LP design, Users will start to receive rewards when they provide a single asset and join an incentive farm. Incentive assets include native stabilizers, DOTs, BTCs, and multiple ecosystem tokens. The remaining 1 million DOTs will be injected directly into Hydration Omnipool itself, with the goal of supporting the creation of a robust, accessible native mobility layer.

On 11 June, Optimism officially announced, After the latest update to its architecture, OP Stack has officially entered Stage 1, starting with OP Mainnet. The focus will now be on the decentralization of Stage 2.

On June 12, the decentralized GPU Cloud Infrastructure Aethir has opened its Air Drop token ATH claim and pledge. According to OKX, Aethir (ATH) hit US $0.105 at $0.102.

On 13 June, Arbitrum tweeted that its foundation had provided financial support to 13 projects in May. These include: DODO (Web3 trading agreement) Double (focusing on liquidity issues) 、DeSyn Protocol the DeFi Asset Management Agreement Panoptic (Focus on introducing options trading into crypto assets), Native (Providing a Unified Mobility Layer), Catalyst (Instant liquidity via cross-chain switching), Blade Games (Modular ZK Onchain game engine) the ZTX (P2E Platform) the Mithraeum (Strategy Game on the Chain) DUPER (Social War Games on the Chain) Miki (Chain Abstraction Interface to Simplify Cross-Chain Transactions) the Blade Labs (Tagged Solutions) and TAKADAO (which can pool funds for the community).

On June 14, Parallel posted that Parallel is now available for download on the Epic Games Store. Users can play for free.

On June 16, Base posted on social media announcing the winners of the 13th instalment of 2024 Base Builder Grants, including: @-@ jvmi NFT project Swatches-hiroyukinaito article about Base nodes-vrajdesai set up Farview channel-paven50mm video about Onchain Summer-0xlj Project Proofs Money Project @ Boofs - ilemi in Farailtraster/Data

On June 16, Farcaster co-founder Dan Romero responded to comments on social media that users "want Warpcast to be more than English users." Warpcast is an American team with no international expansion plans. The team thought they could build a great client for English users. But not enough bandwidth to serve international users. Phaver, Firefly App and supercast are good clients internationally.

Financing situation

On June 14, Paradigm raised $850 million for its third fund to focus on early-stage encryption projects.

On June 10, Solana-based multi-contract Squads completed a $10 million Series A funding round. Electric Capital 领投， Mert Mumtaz, co-founder and CEO of Coinbase Ventures, Placeholder VC, RockawayX, L1 Digital and Helius and founder of Odyssey Ventures, also participated in the funding round. Squads is a Solana-based multi-signature protocol that helps organizations manage assets along the chain, such as funds, tokens, and management keys, through multi-signature security. Since its launch in 2021, Squads said it has helped protect more than $10 billion in assets, a significant increase from last October's $500 million.

June 11 ,Web3 Infrastructure K3 Labs announces completion of Pre-Seed round. The specific amount is not disclosed, this round of financing by Finality Capital Partners, Blockchain Founders Fund, Aztlan Capital. K3 Labs helps developers design and deploy de-centralized business workflows and applications. Its stateless aggregation framework supports the self-deployment of custom computing services in a non-trusted execution environment, and the new funding will enable them to test online in Eigenlayer.

On June 11, DeFi Infrastructure Ink Finance announced the completion of a new funding round of over $5 million. 本轮融资由 Republic、Alliance、Blizzard Fund、P2 Ventures、GSR、DHVC、Draper Dragon、Bella、Aegis Ventures、Tido Capital 等投资机构参投。 It is reported that the new funds will be used to expand Web3 financial management, support reputable DAOs and protocols within DeFi, bridge the gap between DeFi and TradFi, and develop a more efficient, equitable and inclusive financial infrastructure.

BitBall, the Web3 Sports Meta-Universe and GameFi platform, announced the completion of a $2 million strategic funding round involving Bitfun Capital. New funds will be used for marketing and eco-collaboration. Currently BitBall offers a new digital experience for sports stars, clubs, institutions and fans, allowing users to entertain, create and socialize in the meta-universe, with a focus on football IP resources at this stage.

Binance Labs announces investment in Zircuit. Propel L2 through serial-level security supported by AI.

Uniswap Labs announces acquisition of Base eco-survival game Crypto: The Game (CTG), an undisclosed purchase amount that includes a mix of cash, tokens and equity. As part of the acquisition, CTG founders Dylan Abruscato, Tyler Cagle and Bryan Lee will join Uniswap.Crypto: Season two of The Game (CTG) sold out in 13 minutes. Now, the two companies are working together to develop a third season while exploring new interactive consumer encryption experiences.

据 CoinDesk 报道，Ava Protocol (formerly OAK Network) Completion of the $10 million seed round with participation of Electric Capital, Taisu Ventures and Polygon founder Sandeep Nailwal. The new funds will be used to develop its Eigenlayer AVS for private autonomous trading on Ethereum.

On June 12, codatta announced the successful completion of a $2 million seed round. This funding round is led by OKX Venture. Mask Network, Comma3 Venture, Web3Port, Paramita Venture, CGV, Block AI Venture, Fibo, as well as angel investors from former Coinbase and Pinterest executives, are also involved. Partners such as GoPlus and zCloak Network are also involved in strategic investments. This funding will be used to accelerate developer tool development, enhance AI capabilities, build decentralized technologies, and increase community engagement. codatta is the first to build a basic data facility with a scientifically trusted, decentralized data protocol designed to serve developers and agreements. The protocol focuses on building a network of non-licensed data contributors, prioritizing data quality to support applications and protocols built using machine learning or AI.

On June 12, L3 blockchain solution Unite completed a $3 million seed expansion round. SuperLayer leads, Coinbase Ventures、OKX Ventures、Solana Ventures、Kraken Ventures、Gemini Frontier Fund、Formless Capital、HTX Ventures、CoinDCX Ventures 等参投。 Unite plans to use the money to accelerate its strategic transformation into a Layer 3 blockchain solution for mass market mobile gaming.

June 12, The Block reports, Pixelverse, an encrypted game ecosystem based on Telegram, completed $5.5 million in financing. 本轮融资由 Delphi Ventures、Merit Circle、Bitscale Capital、Ghaf Capital、Big Brain Holdings、LiquidX、Foresight Ventures 和 The Sandbox 创始人 Sébastien Borget， and Nexon CEO Joonmo (James) Kwon et al.

Cryptocurrency Compliance Message

On June 12, The ETF Store President Nate Geraci said on X: "Although no progress is known, I would be surprised if the Ethereum spot ETF S-1 document was not approved by the end of June. (SEC) There is no reason for delay. After Ethereum ETFs and Bitcoin Spot ETFs, the heavy work has been completed. "

On June 14, financefeeds reported that dozens of countries, including the US, Japan and the UK, signed a joint declaration agreeing to a set of encrypted tax rules, the Crypto Asset Reporting Framework (CARF), developed by the OECD. The joint statement stated that signatories would accelerate the conversion of CARFs into domestic law and initiate exchange agreements in time for exchange to begin in 2027. According to the report, the Crypto Asset Reporting Framework (CARF) is expected to go live in 2027 for information sharing as part of a crackdown on tax evasion using digital assets in these countries.

Token Unlock FDV

According to Token Unlocks, several items this week will usher in a one-time large unlock of tokens, among them:

Aptos will unlock 1131 million APTs worth approximately $96.7 million on 12 June, representing 2.58 per cent of the circulation supply;

Immutable will unlock 25.53 million IMXs worth approximately $5.132 million on 14 June, representing 1.72 per cent of the circulation supply;

Starknet will unlock 64 million STRKs on 15 June, valued at approximately $7.488 million, representing 4.92 per cent of the circulation supply.

Hackers and Vulnerabilities

According to Scam Sniffer, 10 minutes ago, a user lost $105 million in Pendle USD by signing a Permit phishing signature.

June 10, slow fog founder cosine forwarding @ op7418 safety warning on X platform, Warning that an AI plugin called ComfyUI contains viruses. The user's browser password, credit card information, and browsing history are sent to the hacker.

On June 11, according to a weekly safety report issued by Slow Fog, the total loss in encryption last week (June 3-June 9, 2024) was more than $8.8 million. Of these, :1.Loopring: $5 million was lost due to security breaches that damaged the Loopring smart wallet. 2. Gemholic: Lost $3.4 million in a rugpull and the project disappeared after transferring funds. 3.TLN Agreement: $280,000 lost on BNB Chain due to contractual vulnerabilities. 4. SteamSwap (STM): $1.05 million lost on BNB Chain due to contract vulnerability. NCD: $20,000 lost on BNB Chain due to contract loophole.

According to a report by Crystal Intelligence, cryptocurrencies worth nearly $19 billion have been stolen since 2011, CoinDesk reported. The report identified 785 cryptocurrency thefts, including 220 security breaches, 345 DeFi hacks and 220 fraud schemes. The largest theft occurred in 2019, when $2.9 billion was stolen in connection with the PlusToken Ponzi scheme. Since then, cryptocurrency crime has continued to surge, with a record number of cryptocurrency thefts in 2023, with 286 incidents totaling more than $2.3 billion.

On-Chain Data and Deviation

On June 9, according to Coinglass data, the open position of bitcoin futures contracts was 524.44 million BTCs (approximately $36.44 billion). Of these, CME Bitcoin contract open position of 160,000 BTC (approximately $11.09 billion), ranked first; Binance's open position on bitcoin contracts is second with 122.41 million BTCs (approximately $8.51 billion).

On June 10, according to Etherscan data, the current Ethereum network Gas fee was reduced to 4 gwei.

On June 10, Spot On Chain monitored that Sun had deposited four assets worth $21 million in the last 30 minutes, including: 93,979 AAVEs ($11.26 million); 3800 MKR ($9.3 million); # 4178 COMP (US $245,000); 203,623 LQTY ($2.17 million)

Retail investors in cryptocurrency are showing signs of converting to long-term believers, with recent outflows of bitcoin (BTC) and ethereum (ETH) from CEX, bitcoinist reports. The CEX balance of the two major cryptocurrencies has fallen to a four-year low, and analysts have interpreted the move as a bullish signal for the future. The total amount of bitcoin in CEX fell to less than 2.3 million, or about $158 billion, while the total number of Ethereum fell to less than 16 million, or about $58 billion.

Delphi Digital posted that, driven by Telegram's 900 million user base, the TON ecology has quietly grown and its daily active address numbers have surpassed Ethereum.

According to lookonchain monitoring, the address sifuvision.eth spent 300,000 USDTs on 1.37 million CRVs at a low price of $0.2184 after the CRV was largely liquidated. The whale is short of CRV and currently has 15 million CRV ($4.04 million) debts on UwULend. Today, before the CRV was liquidated, the whale did take 6 million crvUSDs from Curve LlamaLend, leading to higher borrowing rates for Michale Egorov.

On June 13, Curve founder Michael Egorov said on the social platform, "The team and I have been working hard to resolve the liquidation risk issues that occur today. All loans have been liquidated. My position was too large for the market to handle and caused 10 million bad debts. Only the CRV market for Curve (the largest position) is affected. 93% have been paid off and intend to pay off the rest soon. It will help users avoid suffering from this situation. "

June 15, according to L2BEAT data, current Ethereum Layer2 total lock volume (TVL) fell to $44.3 billion, The 7-day decline was 5.71%. Of these, only Scroll TVL rose in the top 10 L2. Now at $714 million, the weekly increase is 525%.

On June 16, Ethereum whales purchased more than 700,000 ETHs in the past three weeks, totaling about $2.45 billion, according to chain analyst Ali Charts.

Stable Currency Related

On June 10, according to DeFiLlama, the DeFi yield market Pendle TVL topped $6.6 billion, a record high of $6.699 billion.

According to Lookonchain, the current circulation of USDT is 112.5 billion, of which 97.4% is in Ethereum Network and Tron Network. Tron Network has 58.6 billion USDTs (52.1%) and 50.96 billion USDTs (45.3%) on Ethereum.

According to Bitcoin.com reports, At the XRP Ledger Community Summit in Amsterdam, Ripple CEO Brad Garlinghouse announced the name of Ripple's new stabilizer, RLUSD.

On June 15, DefiLlama data, the total market value of the stable currency increased by 0.45% over the past week, now at $162.078 billion. In addition, USDe's market capitalization increased by 7.36% over the past week, now at $3.52 billion. According to TRONSKAN data ,TRC20-USDT circulation exceeded 59.8 billion, a record. To date ,TRC20-USDT the number of accounts held has reached 4.495 million, with more than 1.79 billion cumulative transfers.

Macro News
The slowdown in US economic data is now too widespread to ignore, with the Atlanta Fed's GDP forecast now falling below 2% and real disposable income growth slowing to below 1%. In addition, rising credit card delinquencies, rising rental costs, and a weak job market all signal a softening of the US economy in the run-up to the election, while the Fed continues to grapple with the thorny issue of high inflation, with very few meetings left on the schedule until November.

On June 4, Fed interest rate swaps showed the pace of the Fed's 2024 rate cuts accelerating. (GOLDEN TEN)

According to CME's "Fed Watch" data, the probability of the Fed leaving rates unchanged in June is 99.8%, and the probability of a 25 bps rate hike is 0.2%.

On June 5, the Bank of Canada cut interest rates by 25 basis points for the first time since 2020, in line with market expectations, becoming the first central bank in the Group of Seven to start an easing cycle. Officials said they were more confident that inflation was moving toward their 2% target and said there was "reason to expect further rate cuts" if progress continues. "With more and more sustained evidence that underlying inflation is easing, monetary policy no longer needs to be as restrictive as it once was," Governor McCollum said. Canadian inflation has slowed faster than expected since the start of the year. the CPI slowed to 2.7% in April, compared with the central bank's forecast of 2.9% in the second quarter. Underlying price pressures also eased for the fourth consecutive month, with the average of the two core measures reaching 2.75% in April. (GOLDEN TEN)

On June 7, U.S. non-farm payrolls for May came in at 272,000 quarterly adjusted, compared with 185,000 expected and 175,000 previous. U.S. unemployment rate in May 4%, expected 3.90%, the previous value of 3.90%. (GOLDEN TEN)

The ECB announced a 25 basis point rate cut, the first in 2019. The ECB said it will keep rates restrictive enough for as long as needed. Meanwhile the ECB said it is determined to get inflation back to 2% in time and reiterated its plan to shrink its PEPP portfolio in the second half of 2024. Traders expect the ECB to cut rates by another 40 basis points this year.

The Latest Hotspots and Trends in Cryptocurrency
Uniswap's 'Start-up Fee Mechanism' vote has been delayed again, perhaps waiting for ETH's ETF to go live before taking a new turn.

According to Coinglass data, in the past 24 hours, the entire network burst positions of $137 million, of which $84.45 million in long positions and $53 million in short positions.

Shares of Nvidia (NVDA.O) rose 5.2% to close at a record $1,224.40 on Wednesday, June 6, taking its market capitalization to more than $3 trillion, while surpassing Apple ($3.00 trillion) in market value ($3.01 trillion). It gained more than $140 billion on Wednesday alone, and its market capitalization has risen by more than $100 billion in four of the last nine trading days. NVIDIA became the first computer chip company ever to reach a market capitalization of $3 trillion. The last time NVIDIA's market capitalization surpassed Apple's was in 2002, five years after the first iPhone was released. At the time, both companies had market capitalizations of less than $10 billion. (GOLDEN TEN)

Bitcoin ETF Data
On June 4, the 2x leveraged ethereum ETF (ETHU) by Volatility Shares will be available in the U.S. today. ETHU, which invests in ethereum futures, will reportedly be the first leveraged ethereum ETF in the United States.

The Volatility Shares Leveraged Ether ETF (ETHU) launched today and has traded more than $5 million, Bloomberg analyst Eric Balchunas said on June 5th.

The U.S. Bitcoin Spot ETF has accumulated net inflows of $14,849.8 million since its launch, according to monitoring by Farside Investors. BlackRock IBIT has accumulated net inflows of $16.926 billion; Fidelity FBTC has accumulated net inflows of $9,345.8 million; Bitwise's BITB has accumulated net inflows of $2,036.9 million; ARK 21Shares' ARKB has accumulated net inflows of $2,628.3 million; and Invesco BTCO has accumulated net inflows of $317.3 million; Franklin Templeton's EZBC accumulated net inflows of $359.1 million; Valkyrie's BRRR accumulated net inflows of $512.5 million; VanEck HODL accumulated net inflows of $529.4 million; WisdomTree's BTCW accumulated net inflows of $170.1 million; and Grayscale GBTC accumulated net outflows of 178.735 million.

On June 7, BlackRock officially updated the data of spot bitcoin ETF, as of June 6, the market capitalization of IBIT reached $21.4 billion, and the position exceeded 300,000 bitcoins, touching 302,539 BTC, an increase of 4,896 bitcoins compared to the previous trading day.

According to Farside Investors data, this week's U.S. Bitcoin Spot ETF accumulated net inflows of $1.827 billion, of which $886 million net inflows on June 4, the highest amount of net inflows in the week, but also hit the second largest amount of net inflows on a single day since the emergence of the U.S. Bitcoin Spot ETF record.

The U.S. Bitcoin Spot ETF has now maintained net inflows for 19 consecutive trading days, with an overall net inflow of $15.68 billion and an average daily net inflow of $152 million.

meme Trends
FLOKI rose above $0.00034 and is now quoted at $0.000341, up 27.45% in 24 hours. DWF is an example of a ruthless capitalist!

According to Spotonchain's monitoring, a certain whale exchanged 1,000 WETH ($3.83 million) for 149.3 billion SHIB in the past hour.The whale's last SHIB activity was the sale of 167 billion SHIB ($6.13 million) three years ago. These tokens came from a super early buyer who purchased 516 billion SHIB on March 1, 2021 for just 45 ETH ($63,700,000). the whale still holds 1,169 WETH ($4,450,000) and is likely to buy more SHIB.

According to market information, Solana eco-meme coin DJCAT broke through $0.006 and is now quoted at $0.005711, up 40.2% in 24 hours.BlockBeats reminds users that there are no real-world use cases for meme coins, and that the price fluctuates a lot.

The top 5 holders of RCH hold a total of 2,387,000 RCH (about $7.71 million), accounting for 9.55% of the total supply. The average purchase price of the above holders is $0.88, with an unrealized profit of $5.6 million.RCH is a new model, pulling 10 times a day, and it is estimated that it will not be a big problem to follow up and break through the 10 knives, but it is a pity that I didn't buy yesterday several times, and I lost a wave of coffee money!

Quality Program Progress
Avail With $75 Million in Total Funding and a Commitment to Highly Secure Rollup Interoperability and Data Availability, Estimates Are Coming Soon

On June 4, Gitcoin announced in a post that it will launch the first round of fundraising for the Sei Foundation Creator Fund today.The Sei community will distribute a $250,000 matching prize pool through the Gitcoin Grants Stack to support projects building in the Sei ecosystem.

Funding
On June 4, Latin American payments platform El Dorado closed a $3 million round of funding with participation from Multicoin Capital, Coinbase Ventures, and others. The new funds will be used to expand its stablecoin-powered super app.

STEPN developer Find Satoshi Lab announced a strategic investment in Mythos (MYTH), according to official sources.FSL said that before Mythical Games transitioned from a studio to a platform, it had already built Blankos, NFL Rivals, and the Nitro Nation World Tour and had achieved excellent performance and data in all areas. They understand the secondary market in Web3. Understanding the importance of secondary market transactions in Web3 and recognizing the significance of mobile's popularity, Mythos (MYTH) is expanding to serve and empower more studios. With the team's strong background in traditional gaming and years of experience in the Web3 space, it understands what really matters.

Stablecoin protocol M^0 closed a $35 million Series A round led by Bain Capital with participation from Galaxy Ventures, Wintermute Ventures, and GSR, according to Fortune.

On June 5, OKX Ventures announced a strategic investment in GoPlus, an open, license-free, user-driven, Web3 modular user security layer designed to provide a comprehensive, integrated, seamless and decentralized security solution. GoPlus leverages a decentralized user security network and AI security solutions to GoPlus utilizes a decentralized user security network and AI security solutions to provide technological innovations such as the SecScan security engine and SecWare protocol to fully protect the user's transaction lifecycle, providing a more effective and better-experienced on-chain security protection for users.

On June 5, according to official news, modular blockchain project Nubit completed $8 million seed round of financing, which was led by Polychain Capital, with other institutional investors including Nomad Capital, Spartan Group, L2IV, Big Brain Holdings, GCR, Protagonist, Gate Ventures, Animoca and Mask Network.

Cryptocurrency Compliance News
According to the Bangkok Post, the Securities and Exchange Commission of Thailand approved local asset management firm One Asset Management (ONEAM) to launch a Bitcoin spot EFT, ONE-BTCETFOF-UI, on April 4 (local time.) One Asset Management's BTC spot ETF is reportedly the first BTC spot ETF in Thailand. One Asset Management's BTC Spot ETF is the first BTC spot ETF in Thailand and is scheduled to be issued between May 31 and June 6, with an investment risk level of eight, targeting high net worth individuals and institutional investors.

On June 6, according to Surfing News, Yang Qichao, a "post-00" college student, issued a virtual coin, abbreviated as BFF, on an offshore public chain, and was jailed for withdrawing liquidity. The prosecutor's office accused Yang Qichao of issuing fake virtual coins, and after others were misled into charging 50,000 USDT coins, Yang Qichao quickly "withdrew" the funds, causing others to lose 50,000 USDT coins, and his behavior constituted the crime of fraud.2024 On February 20, the People's Court of the High-tech Industrial Development Zone of Nanyang, Henan Province, at first instance, found that Yang Qichao had committed the crime of fraud, and sentenced him to 4 years and 6 months of fixed-term imprisonment, and fined him 30,000 RMB. Relevant lawyers introduced, in China's legal policy has not yet recognized the legitimacy of virtual coins and "investment in virtual coins loss at your own risk," the issuance of virtual coins withdrawn liquidity as a criminal case to the court, the first case in the country.

Token Unlocking FDV
This week, four projects will see a large one-time unlocking of tokens totaling more than $12.38 million in value. Among them:

Liquity will unlock 657,300 LQTY on June 5 at 8:00 p.m., representing 0.68% of the circulating supply and valued at approximately $742,800 USD;

Galxe will unlock 2.03 million GALs at 0800 hours on June 5, representing 1.76% of the circulating supply and valued at approximately $7.26 million;

Euler will unlock 60,500 EUL at 23:14 on June 6, representing 0.32% of the circulating supply and valued at approximately $285,000 USD;

Hashflow will unlock 13.62 million HFT at 0800 hours on June 7, representing 3.36% of the circulating supply and valued at approximately $4.01 million.

Hackers and Vulnerabilities
Six months after stealing the assets, the Orbit Chain hackers transferred 4,000 ETH to a new address in nearly an hour and then laundered the ETH through Tornado Cash, according to the Aftermath Monitor. The hackers exchanged most of the stolen assets for 26,750 ETH, which has increased in value by $37.45 million based on the price of ETH at the time of the theft.

On-Chain Data and Deviation

On June 4, Messari released the Sei 2024 Q1 Status Report with the following key points: - TVL (US $) up 714% month-on-month to $46 million, significantly outstripping the price increase. Sei Eco Head DEX Astroport TVL up 468%; - SEI prices rose 37% month-on-month, although revenue (US $) fell 32% month-on-month. Due to inscription activity, revenue was particularly high in the fourth quarter of 2023; - NFT sales, independent buyers and independent sellers increased by 2,936%, 2429%, and 2419% respectively, with MRKT leading the growth of the NFT market; - The roll-out of the Mobile Nature Deposit Agreement SiloStake and Kryptonite, enabling 8.4 million SEIs to participate in Mobile Nature Custody; - Sei's open source Parallel Stack announced in March that it plans to enable developers to launch a modular L2 blockchain as a parallel EVM execution layer.

According to L2BEAT data, the current TVL of the Base network is $7.83 billion, which has increased by 8.14% over the past week.

Stable Currency Related

On June 6, according to Coindesk, Paxos launched a revenue-based, dollar-denominated stable called Lift Dollar (USDL), regulated by the United Arab Emirates (UAE). The stable currency is issued by Paxos International, the UAE division of the company, and is regulated by the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA).

According to DefiLlama, the total market value of the stable currency increased by 0.72% over the past week, now at $161.691 billion. In addition, USDe increased its market capitalization by 11.43% over the past week, now at $3.343 billion, making it the fourth largest market capitalization stabilizer.

Bitcoin ETF Data
According to Farside Investors data, the Bitcoin Spot ETF has accumulated net inflows of $13,732.2 million since its launch. Of this amount:

- IBIT has accumulated net inflows of $16,456.3 million;

- FBTC has accumulated net inflows of $8,747.4 million;

- GBTC accumulated net outflows of $17,746.3 million.

According to the DTCC website, the Fidelity Spot Ether ETF (FIDELITY ETHEREUM FDBENEFICIAL INT) (symbol FETH) is listed on the DTCC website, with a D in the Create/Redeem column.

According to The Block, Bitcoin had 18.19 million on-chain transactions in May, a new monthly all-time high. The previous monthly high was 17.54 million in December of last year.

meme trends
Some of the TON ecosystem meme coins have risen, including FISH, which is now at $0.0(7)5721, up 67.5 percent in 24 hours; REDO, which is now at $0.7129, up 37.2 percent in 24 hours; and WNOT, which is now at $0.00002264, up 45 percent in 24 hours.

BASE ecological Game of Meme token GAME may be affected by Notcoin's surge, briefly exceeding 0.000007 U.S. dollars, up more than 100% in 24 hours. It is reported that GAME will launch the first Meme game in the Meme circuit, which is the first Web3 Smash game, and the number of people registered for the closed beta test of the game has exceeded 20,000 people. Team members come from Ubisoft, Tencent's Tianmei Studio, and Voodoo, France's largest casual game publisher. As previously reported, GAME launched its first Web3 meme song, "The Meme Song," which created a new narrative for meme combined with gameplay, and was up more than 600 times in a single day.

PEOPLE broke above $0.14 before retreating and is now quoted at $0.1198, up 38% in 24 hours.

Quality Project Progress
Decentralized social protocol Farcaster has surpassed $1.5 million in total revenue and now stands at $1.52 million with 421,522 total users.

On May 31st, Modular Execution Layer Fuel announced the launch of its final test network on the Sepolia network. In previous news, Modular Execution Layer Fuel announced that it will launch its main network in the third quarter of 2024.

Uniswap front-end transaction fees (revenue) amounted to $35.07 million as of June 1, according to DefiLlama data.

Hyperparallel computer project Arweave AO will be issuing tokens AO, AO will be offered 100% fairly, with zero pre-mining, zero pre-sales, zero discounts etc. Each token will be minted by bridging the AO, holding an AR, or building. The total number of tokens will be 21 million, with a 4-year halving cycle. Token economics and creation events will be announced on June 13th at 11:00 EST.

On May 31, Fuel, the modular implementation layer, announced the launch of the final test network on the Sepolia network, with the main network to be launched in the third quarter of 2024.

Financing
Lumoz, a blockchain scaling infrastructure provider, announced the completion of a new round of strategic funding with participation from IDG Blockchain, Blockchain Coinvestors, Gate Ventures, Summer Capital, EVG, 7upDAO, Sweep Ventures, and others for an undisclosed amount. The new funding will continue to be used for Lumoz's team expansion, modular arithmetic layer, and ZK-RaaS platform construction and technology innovation.

MetaToken, an ethereum and TON-based iGaming project, announced the closing of a $5 million private funding round.

Web3 social platform Beoble announced that it has received an undisclosed amount of investment from Ripple. beoble said that with the new funding from Ripple, beoble will look to launch its services on the XRP Ledger (XRPL). blockBeats previously reported that on January 15, Web3 social platform Beoble announced that it has received a strategic investment from DWF Labs. DWF Labs announced an undisclosed amount of strategic investment in Beoble, which announced in November 2023 that it had closed a $2 million Pre-Seed round with participation from DCG, Samsung Next, HashKey Capital, GBV Capital, Token Bay Capital, Momentum 6, and others.

RWA tokenization platform Fortunafi has announced the closing of a $9.51 million strategic seed round at a valuation of $48 million with participation from Shima Capital, Manifold, Jordan Fish (aka Cobie), LayerZero Labs' Ari Litan, Llama's Fortunafi also announced the launch of a new stablecoin protocol called Reservoir, which is expected to go live next month, as well as a real-world asset index token in partnership with Index Coop.

On May 30, Neynar, a company that provides developers with tools to build decentralized social networks, announced that it had closed an $11 million Series A round led by Haun Ventures with participation from a16z, CSX, Coinbase Ventures, and Union Square Ventures.

Bitcoin pledging protocol Babylon has closed a $70 million funding round led by Paradigm, with participation from Polychain Capital and the venture capital arm of cryptocurrency trading platform Bullish.

Cryptocurrency Compliance News
Hackers and Vulnerabilities
According to Pie Shield, in May of this year, there were about 30 hacks in the cryptocurrency space, resulting in about $574.6 million in losses, of which hackers made about $385 million in profits. This is an increase of about 666% compared to April 2024.Top5 Hacks: DMMBitcoin: $305 million GALAGames: $212 million ($22.4 million in hacking profits, recovered) SonneFinance: $20 million Coinbase Account Losses: $18 million Whale Losses from Theft: $8.2 million

Token Unlock FDV
On May 27, Token Unlocks data showed that this week 13 projects will see a large one-time token unlock, totaling over $380 million in value. Among them:

Nym (NYM) will unlock about 25 million tokens at 8 p.m. on May 27, representing 3.26 percent of the current circulation and worth about $4.05 million;

Yield Guild Games (YGG) will unlock approximately 16.69 million tokens at 10 p.m. on May 27, representing 4.49 percent of current circulation and valued at approximately $16.94 million;

SingularityNET (AGIX) will unlock approximately 8.71 million tokens at 8 p.m. on May 28, representing 0.68 percent of current circulation and valued at approximately $8.14 million;

Echelon Prime (PRIME) will unlock approximately 1.66 million tokens at 0800 hours on May 31, representing 4.23% of current circulation and valued at approximately $31.66 million;

Optimism (OP) will unlock approximately 31.34 million tokens at 08:00 on May 31, representing 2.88% of current circulation and valued at approximately $79.61 million;

Tornado Cash (TORN) will unlock approximately 92,000 tokens at 11:30 p.m. on May 31, representing 2.41% of the current float and valued at approximately $240,000 USD;

Manta Network (MANTA) will lock approximately 1.87 million tokens at 7:59 p.m. on June 1, representing 0.74% of current circulation and valued at approximately $3.19 million;

1inch (1INCH) will unlock approximately 98.74 million tokens at 8:00 p.m. on June 1, representing 8.52 percent of the current circulation and valued at approximately $41.32 million;

dydx (DYDX) will unlock approximately 33.33 million tokens at 08:00 on June 1, representing 11.91% of current circulation and valued at approximately $67 million;

Sui (SUI) will unlock approximately 65.08 million tokens at 8:00 p.m. GMT on June 1, representing 2.78% of current circulation and valued at approximately $68.07 million;

ZetaChain (ZETA) will unlock approximately 5.29 million tokens at 8 p.m. on June 1, representing 1.99 percent of current circulation and valued at approximately $7.99 million;

Acala (ACA) will unlock approximately 27.43 million tokens at 3:00 p.m. on June 1, representing 2.85% of current circulation and valued at approximately $2.77 million;

Ethena (ENA) will unlock approximately 53.6 million tokens at 7:00 p.m. on June 2, representing 3.62% of current circulation and valued at approximately $49.33 million.

Contract Data
Deribit data shows that BTC options and ETH options with a total notional value of about $8.12 billion will expire this Friday. Among them, the expiring BTC options have a nominal value of $4.65 billion, with a Put Call Ratio of 0.6 and a maximum pain point of $65,000, while the expiring ETH options have a nominal value of $3.47 billion, with a Put Call Ratio of 0.85 and a maximum pain point of $3,300.

Downgrade to zero 😂
The specific pairs CoinShares will be removing are OMG/USDT, WAVES/BTC, WAVES/ETH, WAVES/TRY, WAVES/USDT, WNXM/USDT, XEM/USDT

Stablecoin Related
USDC Treasury has minted an additional 250 million USDC, according to Whale Alert monitoring.

According to Etherscan, USDe, a stablecoin issued by Ethena Labs, has minted 3,002,494,436 units.

The latest hotspots and trends in the cryptocurrency world
According to Coinglass data, $327 million in positions were broken across the network in the past 24 hours, including $251 million in short positions and $75.42 million in long positions.

Binance Square is launching a 'Content Mining' campaign for all creators. During the campaign period, eligible creators who publish qualified content on the Binance Square platform will be rewarded with a 5% commission rebate on their readers' spot, leveraged, and contract trades.

The campaign will run from May 20, 8:00 a.m. to July 15, 7:59 p.m. Beijing time. To sign up for the program, you need to authenticate your account, set up a Binance Square profile (including an avatar and nickname), and make at least seven posts on the Binance Square platform in the past 30 days, each with at least 200 words.

BlockBeats News - On May 20, Cointelegrah reported that on-chain indicators such as the Bitcoin MVRV Z-score, Puell Multiple, and HODL Waves paint a bullish picture for Bitcoin investors. As analyst "TLDR's ELI5" highlighted in a May 19th post on X, five on-chain indicators that suggest it's just getting started are: Bitcoin Market Share Over 56%: Historically, cryptocurrency bull markets begin with the high dominance of Bitcoin, with the majority of traders having already sold out of their torrents of cryptocurrencies in the last bear market cycle.

According to TradingView, Bitcoin market dominance remains high at slightly over 56%. Since October 2023, Bitcoin's market share has been over 50%. Bitcoin MVRV Z Score Below 6: According to the LookIntoBitcoin charts, Bitcoin's MVRV Z score, which compares the asset's current market value, or market capitalization, to its historical average, typically reaches around 6 during cycle peaks.

According to LookIntoBitcoin, it is currently less than half that number, and has not exceeded 6 since March 2021.Puell Multiple Not yet at 3 : Puell multiplier is another metric that aligns with cycle peaks, but has not yet done so. The indicator is calculated by dividing the daily value of bitcoins mined by the annual moving average of that value.

According to Coinglass, the Puell multiplier fell below 1 after halving on April 20. peaks above 3 usually coincide with cycle tops, reaching just 2.4 in mid-March during the 2024 price rally.

HODL Waves HODL Waves: Charts showing how many BTC are held by different groups based on HODL Waves are also bullish for bitcoin, according to LookIntoBitcoin. Realized Cap HODL Waves provides a macro view of how much bitcoin is held by people who have recently purchased compared to a time ago. The decline in the peak of the young wave suggests that the selling pressure has run out and there may be more upside to come.

Bitcoin Miners' Revenue Per Hash: The fifth bullish on-chain metric is miners' revenue per hash, which essentially shows how much money miners are making for their proof-of-work. While it will decline over time as the network becomes more difficult, ELI5 notes that the last two spikes to $0.3 per second per hash too have occurred at the peak of previous market cycles.

Binance Web3 Wallet Introduces 'Yield Plus' and 'Simple Yield' Earnings Models These new features will enable users to discover more DeFi opportunities in the Binance Web3 Wallet earning section.

Yield Plus is a feature that showcases programs with potential airdrops or additional revenue opportunities. It allows users to easily access programs that offer multiple levels of rewards. Initial programs include Eigenpie, Kamino Finance, Lista Dao, Marinade, Ondo Finance, Renzo, StakeStone and SolBlaze.

Additionally, Binance Web3 Wallet will be announcing exclusive campaigns through the Binance Web3 X account in future updates.

In the Simple Yield Zone, users can earn APRs on stablecoins and other tokens by easily providing liquidity to lending agreements. When providing liquidity, users may receive both a Supply APR and an Allocation APR, depending on the chosen agreement.

According to the official announcement, Binance will be the first to support small and medium-sized cryptocurrency projects. We invite high-quality teams and projects to apply for Binance's coin-listing program, including: Direct Listing, Launchpools, Megadrops, etc. We hope to strengthen our support for small and medium-sized cryptocurrency projects with good fundamentals. We hope to promote the development of the blockchain ecosystem by strengthening our support for small and medium-sized cryptocurrency projects with good fundamentals, an organic community base, a sustainable business model, and a sense of responsibility in the industry.

According to Coinglass data, the open position in bitcoin futures contracts across the network was 497.55 million BTC (approximately $34.63 billion). CME ranked first with an open position of 155.95 million BTC ($10.83 billion), while Binance ranked second with an open position of 108.76 million BTC ($7.58 billion).

Bitcoin ETF Data
On May 20, Grayscale GBTC saw a net inflow of $9.3 million, ARK 21Shares' ARKB saw a net inflow of $68.3 million, Bitwise's BITB saw a net inflow of $24 million, BlackRock IBIT saw a net inflow of $66.7 million yesterday, and Fidelity FBTC saw a net inflow of $64 million.

According to HODL15Capital, the U.S. Bitcoin Spot ETF saw net inflows of approximately $307 million yesterday.

According to Farside Investors, with yesterday's U.S. Bitcoin Spot ETF data, the category has maintained net inflows for 10 consecutive days, with $2.004 billion in net inflows over the past 10 days (based on inflows at the time of purchase only). Of these: - BlackRock IBIT has had net inflows of $851 million over the past 10 days - Fidelity FBTC has had net inflows of $571 million over the past 10 days To date, U.S. bitcoin spot ETFs have had total net inflows of $13.687 billion since their inception, with an average daily net inflow of $145 million.

meme trends
According to Lookonchain, a whale created a new wallet address and withdrew 1.83 million USDC from Coinbase to purchase WIFs. so far it has spent 606,000 USDC to purchase 227,896 WIFs at an average price of $2.66, leaving it with 1.22 million USDC left to spend.

Recently sol chain frequently appeared on the golden dog, $GOME, a single game set a figure, pepe's IP is too hot are rubbing, it is estimated that the country plate, saw the Maotai bottle 😂 CMC address

According to CoinGecko ticker information, FreeRossDAO(FREE) broke above $0.002 and is now quoted at $0.002101, expanding its 24-hour gain to 1816.9%.

Quality Program Progress
The winners of Solana 2024 Renaissance Hackathon MCM region, organized by Solana eco-accelerator Colosseum, have been announced. The first prize goes to RateX (a margin-based synthetic interest rate marketplace);

The second place winners are CUDIS (a wearable device that provides ownership of health data and supports artificial intelligence) and JogoJogo (an on-chain social entertainment platform);

Third prize went to CharacterX, whose core product is XFriends, an AI social economy tool; Hajime AI, a decentralized AI Hub for the home; Starpower, an L2 for the energy internet; and IntentAGI, an operating layer for autonomous intelligences.

The awards are made possible by the Solana Foundation and Colosseum. Each of the winning projects is likely to receive major capital and have a promising future.

Christine Kim, VP of Research at Galaxy, shared highlights from the latest Ethernet Core Developer (ACDE) conference call, where developers discussed and coordinated changes to the Ethernet Execution Layer (EL). This week, the main points discussed by the developers included:- A new feature added to the Execution API that will enable users to access 'return data' from transactions- Geth's lowest priority tipping requirements- Pectra Devnet progress updates- Pectra upgrade timeline expectations

The Uniswap Foundation will launch an on-chain vote on May 31 to upgrade the protocol so that its fee mechanism can reward UNI token holders who have pledged and entrusted their tokens.

Financing
On May 20, KuCoin Ventures announced a strategic investment in ELFi Protocol, a decentralized derivatives trading platform, to enhance the derivatives trading experience.

Farcaster, a decentralized social protocol, closed a $150 million funding round led by Paradigm with participation from a16z crypto, Haun, USV, Variant, Standard Crypto and others. The announcement said that this year will focus primarily on daily user growth and adding developer primitives to the protocol, such as channel and direct messaging. On this news, degen pulled the plug!

RPG chain game Aria announced the closing of a seed round led by Folius Ventures, Spartan Group and Merit Circle, with Galaxy Interactive, Animoca Brands, Formless Capital, Big Brain Holdings, Selini Capital, Bitscale Capital, LiquidX, 32-Bit Ventures and angel investors. The amount of the funding round was not disclosed at this time.

MetaLeX, a cryptocurrency governance consulting firm, closed a $2.75 million round led by Cyber Fund.

Plume Network, an RWA Layer 2 network, closed a $10 million round led by Haun Ventures.

Fantom Foundation closes $10M strategic funding round for Sonic, led by Hashed.

Blockchain startup Alphaledger closes $9.5M Series A round led by EJF Capital.

Dora Factory closed a new $10 million strategic funding round, led by Nomad Capital and others.

Cryptocurrency Compliance News
Prometheum, a compliant digital asset company, launched an ethereum custodian service on Friday, according to Fortune.

Former Grayscale CEO Michael Sonnenshein stepped down and Grayscale named Goldman Sachs' Peter Mintzberg as its new CEO.

The U.S. House of Representatives plans to vote on FIT21 at the end of the month, clarifying a portion of the crypto industry's regulatory measures. Examples include standardizing the regulation of cex, clarifying the scope of responsibilities in the crypto space between the SEC and CFTC (e.g., who is responsible for regulation, and whether crypto assets are securities or commodities). The impact of these on the industry will be no less profound than the passage of the btc and eth ETFs. --- From Mr. Blue Fox

According to The Block, the SEC today approved Form 19b-4 for a number of ethereum spot ETFs, including those from BlackRock, Fidelity, and Grayscale. while the forms have been approved, the ETF issuers need to make the S-1 registration statements effective before they can begin trading. the SEC has just begun discussing the S-1 forms with the issuers. It is unclear how long this process will take, but some analysts have speculated that it could take several weeks.

Hackers and Vulnerabilities
The Gala platform was hacked, resulting in the minting of approximately 5 billion GALA, of which 600 million GALA (approximately $21 million) were sold by the hackers, who have now bought a total of 1,168 ETH. According to market information, the price of GALA fell from $0.048 to $0.037 for a short period of time this evening, and is now quoted at $0.043.

Token Unlocks FDV
Token Unlocks data shows that six projects will see large one-time token unlocks this week, totaling more than $1.1 billion in value. Among them:

Pyth Network will unlock 2.13 billion PYTH tokens at 22:00 GMT on May 20, accounting for 141.67% of the total amount in circulation and valued at about $812 million;

Avalanche will unlock 9.54 million AVAX at 0800 GMT on May 22, representing 2.49% of the outstanding volume and valued at approximately $340 million;

SPACE ID will unlock 18.49 million IDs at 0800 GMT on May 22, representing 4.29% of the circulating volume and valued at approximately $14.26 million;

1inch will unlock 21.43 million 1INCH at 16:00 GMT on May 23, valued at approximately $85.2 million;

Euler will unlock 64,000 EUL at 00:17 GMT on May 24th, representing 0.34% of circulation and valued at approximately $36,100 USD;

Acala will unlock 4.66 million ACA at 08:00 GMT on May 25th, accounting for 0.48% of the outstanding volume and valued at approximately $507,000 USD.

Stablecoin Related
USDe, the stablecoin issued by Ethena Labs, has reached a circulation of 2,758,810,149. USDe is said to be an ethereum-based stablecoin, secured by derivatives, that achieves price stability through "delta-neutral" hedging in both centralized and decentralized venues. To create USDe, Ethena allows users to use USD, ETH or liquidity pledge tokens as collateral.

On Monday, May 13, net inflows were $66 million. The following day, Tuesday, May 14, net inflows amounted to $100.5 million. Inflows increased significantly on Wednesday, May 15, with a net inflow of $303 million. On Thursday, May 16, net inflows amounted to $257.3 million. Finally, on Friday, May 17, net inflows were $221.5 million.

Cascade announced unaudited financial results for the first quarter of 2024 ended March 31st. Operating and financial highlights for the first quarter included revenue of $35.09 million, which was 6% higher than the previous forecast of $33 million.

meme Trend

Over the past month, investor sentiment has also reversed and become less optimistic. The Fear and Greed Index is currently in "neutral" territory, in contrast to its peak in March, when animal spirits were high and the index was in "extreme greed" territory.

DEGEN is a meme token, not an official Farcaster token, and was originally created as a reward token for participants in Farcaster's Degen channel. After more than 5 months of community acceptance and promotion, the DEGEN token is now the number one recognized token within the Farcaster community, close to the size of Farcaster's project tokens. The DEGEN Token is now the number one token recognized within the Farcaster community, close to the status of Farcaster's project token.

The total amount of DEGEN tokens issued is 37 billion, of which 70% will be distributed to the community, 15% has been allocated to the liquidity pool, and the remaining 15% will be distributed to the teams supporting DEGEN, investors, and the broader ecosystem. In addition, a 1% inflation rate will begin in 2028.

Quality Project Progress
The supply of USDe, the stablecoin issued by Ethena Labs, recently hit an all-time high. According to data, there are currently 2.41 billion USDe in circulation.

The Fantom Foundation has announced details of its plans for a new blockchain network, Sonic Network. Sonic will be a new Layer 1 blockchain and will connect to Ether via a native cross-chain bridge. Depending on the outcome of a governance vote, existing FTM token holders will be able to migrate to Sonic's native token S on a 1:1 basis during Sonic's genesis.

BlockBeats reports that LayerZero announced on May 18 that the "witch" surrender phase is now over. Each relinquished address will receive 15% of its expected token allocation, with the remaining 85% returned to eligible users. As a result of the Witch Surrenders and analysis by LayerZero, Chaos Labs and Nansen, 803,093 addresses were identified as potential Witches.

The nine key focus areas where the DFINITY Foundation will concentrate its efforts and deploy its resources are 1) Compute Platforms, 2) Decentralized Artificial Intelligence, 3) Chain Convergence, 4) Privacy, 5) Platform Decentralization, 6) Identity, 7) Digital Assets, 8) Governance and Token Economy, and 9) Developer Experience.

fluent, an L2 project built on ethereum, is coming soon to the mainnet. fluent is a general-purpose zkWasm L2 that brings web2's favorite execution environments to web3's least-licensed blockchain. Fluent gives developers the freedom to build composable applications on Ether using virtually any programming language.

The ETH-based full-chain gaming framework releases a single chain, redstone, which is a completely new chain built specifically for on-chain gaming and autonomous worlds. It comes with an automated MUD indexer, super-fast edge RPC, and super-low fees. There are 9 games listed in the first redstone curation, which can be participated in by getting NFTs for earlier games.

Farcaster is a decentralized social networking protocol designed to enable social connectivity, content sharing, and data ownership between users through smart contracts and hybrid storage technologies. It is currently on the rise and may have no tokens on the platform itself due to legal issues. It was decided by community consensus and repeated discussions to use DEGEN as the main medium of exchange in the Farcaster ecosystem.

Its main uses are:
Sharing and Rewarding: DEGEN can be used to reward content creators in the community, promoting content sharing and community engagement;
Casting NFTs: On platforms such as Zora and Highlight, users can use DEGEN to cast NFTs to increase their liquidity in the art and collectibles market;
Trading: DEGEN is used for in-app and in-game trading in various applications such as Drakula and Bracket game;
Community building: DEGEN is also used to support and fund community projects, such as development and operations on Degen L3.
Financing
Cryptocurrency funding increased significantly in the first quarter of 2024, with startups raising $2.4 billion in 518 deals, according to Odaily. Compared to the previous quarter, invested capital increased by 40.3% and deal volume by 44.7%.

EigenLayer, an ethereum repledging platform ($100 million in Series B funding).

Fully Homomorphic Encryption (FHE) development platform Zama ($73M Series A) raised.

The largest deal of the quarter came from Together AI, a developer of an open source, decentralized cloud platform for large-scale fundamental models. The company raised $106 million in an early-stage round led by Salesforce Ventures, with a pre-investment valuation of $1.1 billion.

Token Unlocking FDV
Data from CoinMarketCap and Token Unlocks confirms the growing trend of low liquidity and high valuation token offerings. Notably, tokens worth approximately US$155B are expected to be unlocked between 2024 and 2030. Without a commensurate increase in buyer demand and capital flows, a large number of tokens entering the market could create selling pressure.

The Aptos blockchain consists of a modular architecture that is flexible and supportive of frequent upgrades; a key design feature of the chain made in order to ensure rapid adoption of the latest technology, as well as real-time, high-quality support of emerging blockchain use cases. In terms of the actual processing, the Aptos chain is made up of a set of validators that jointly process transactions using a byzantine fault-tolerant (“BFT”), PoS consensus mechanism. As with other PoS blockchains, Aptos token holders can stake their tokens with their selected validator(s), with each validator’s consensus voting weight being proportional to the amount staked with them. It also implements a system of rapid validator rotation, determined by stake-weight, in order to optimize performance and help push for the organic decentralization of Aptos. In practice, this means that validators should be in a state of flux, rather than operating in a slow and static manner, as has been characteristic of other chains.

Having gone through four ‘Aptos incentivized testnets’ (“AITs”), where they thoroughly tested the network and got developers up to grips with the chain, Aptos very recently launched their mainnet.