Top News: ZKsync Association to Airdrop 36.75 Billion ZK Tokens to Early Users and Contributors Next Week
ZKsync recently announced that they will be airdropping 36.75 billion ZK tokens to early users and contributors next week, accounting for 17.5% of the total supply of 210 billion ZK tokens. This one-time airdrop will allow users to claim their tokens starting next week until January 3, 2025. Early contributors will be able to claim their tokens starting from June 24. Additionally, 49.1% of the token supply will be distributed through the ecosystem plan, with 17.2% allocated to investors and 16.1% to the Matter Labs team. The ZKsync Association stated, “The number of airdropped tokens to the community is more than those allocated to the Matter Labs team and investors in the airdrop, and this is not just a symbolic decision. When the ZKsync governance system launches in the coming weeks, the community will have the largest supply of liquid tokens to guide protocol governance upgrades.” Moreover, this airdrop includes 695,232 eligible wallets based on the ZKsync Era and ZKsync Lite activity snapshot taken on March 24, 2024 at 0:00 UTC. This marks the one-year anniversary of the ZKsync Era mainnet launch, with 17.5% of ZK tokens allocated to two community groups – early users (89%) and early contributors (11%).
Morgan Stanley: Market Consensus is that Trump Will Return to the White House
Morgan Stanley stated in a report to clients that the market consensus is that former US President Trump will win the White House, the Republicans will win the Senate, and the Democrats will win the House of Representatives. Investors remain optimistic about the impact of the US elections on the market, with only 12% of Morgan Stanley survey respondents considering the US elections the biggest threat to the market.
Trump Pledges Support for Cryptocurrency Mining Businesses
Trump met with the CEO of Bitcoin Magazine and representatives from US Bitcoin mining companies, pledging support for cryptocurrency mining businesses.
Industry News: Coinbase Pro Bitcoin Wallet Balance Exceeds 890,755.02 BTC, Ranking First on CEX
According to Coinglass data, the current balance of the Coinbase Pro Bitcoin wallet is 890,755.02 BTC, ranking first on CEX. In the past 24 hours, 130.71 BTC has flowed in, while in the past 7 days, 2469.06 BTC has flowed in, and in the past 30 days, 24079.87 BTC has flowed out. Binance’s Bitcoin wallet balance is 583,221.88 BTC, with 1540.11 BTC flowing in the past 24 hours, 2853.88 BTC in the past 7 days, and 3372.23 BTC flowing out in the past 30 days. Bitfinex’s Bitcoin wallet balance is 391,917.99 BTC, with 245.74 BTC flowing out in the past 24 hours, 515.79 BTC in the past 7 days, and 7833.79 BTC flowing in the past 30 days. OKX’s Bitcoin wallet balance is 132,333.72 BTC, with 976.35 BTC flowing out in the past 24 hours, 7457.21 BTC in the past 7 days, and 5099.67 BTC flowing out in the past 30 days.
BlackRock’s IBIT Holdings Exceed 305,000 BTC
BlackRock officially updated the data for the spot Bitcoin ETF, with IBIT’s market value reaching $21,243,465,407.99 as of June 10, with holdings reaching 305,067.8293304 BTC, an increase of approximately 91 BTC from the previous trading day.
Circle CEO: USDC Operations Compliant with EU MiCA Regulatory Framework
Circle’s co-founder and CEO Jeremy Allaire stated on the X platform that the EU MiCA regulations will take effect on June 30. The momentum in on-chain capital markets continues, with USDC being used alongside tokenized on-chain bonds, all operating within the compliance framework.
Project News: ZKSync: Meeting Airdrop Criteria Does Not Guarantee Airdrop, Decisions at Association’s Discretion
According to the terms displayed on the ZKSync airdrop claim interface, meeting one or more of the airdrop criteria does not guarantee the legal right or requirement to receive the airdrop. All decisions related to airdrop allocation are at the discretion of the ZKSync Association. Additionally, ZKSync stated that by participating in the airdrop, participants explicitly acknowledge and assume all risks associated with it, including (but not limited to) the risks of the Association or any of its directors, executive employees, representatives, advisors, or agents not being liable for any claims, losses, damages, or other liabilities arising from the airdrop or the minting and claiming of any ZK tokens.
Sushi Announces Launch of Sushi Labs and Releases Roadmap
Sushi announced the launch of Sushi Labs, which will develop a multi-token product suite, execute Sushi’s ecosystem strategy, and explore solutions to enhance Sushi’s products. Sushi Labs also released its roadmap, focusing on projects such as Route Processor, multi-token product suite, and Susa (an ETH-based perpetual contract DEX).
LayerZero CEO: Airdrop Eligibility Criteria Focus on Genuine, Persistent Users and Fair, Optimal Distribution
LayerZero CEO Bryan Pellegrino stated on the X platform, “Here’s how we currently consider eligibility from a broad perspective. The focus is clearly on genuine users and the most fair, widest distribution of highly consistent, most persistent users. To a large extent, this is inspired by the results of witching processes, with any true final definition coming directly from LayerZero, not me. Initial wallets number 6 million, with 3 million wallets having less than 5 transactions. These wallets will be seriously considered. All transactions below $1.00 are downweighted by 80%, but still calculated as 1/5 of a normal transaction, as are all ‘worthless NFTs.’ Transactions are then normalized based on protocol fees, with the minimum value being the eligibility criteria, and the maximum value/ceiling based on early usage multiplier. In summary: eliminate witches, eliminate junk transactions, semi-linear ceiling, reward early users, reward persistent users, reward all non-standard protocol interactions, such as LPs, through RFPs, focus on the fairest and most optimal distribution of the protocol.”
Farcaster Protocol Revenue Exceeds $1.7 Million, Total Users Surpass 480,000
Dune data shows that the decentralized social protocol Farcaster’s total revenue has exceeded $1.7 million, reaching $1,714,414. The total number of users is now at 480,814.
deBridge ARB Horizon Plan to Launch, Distributing 1 Million ARB to Ecosystem Users and DApps
deBridge announced on the X platform that deBridge ARB Horizon is now live and will distribute 1,000,000 ARB to the entire deBridge ecosystem users and DApps. ARB Horizon is a growth initiative aimed at encouraging users and builders to use Arbitrum. Over the next 12 weeks, deBridge will distribute 1 million ARB to users of the deBridge application and teams integrating deBridge Widget, deBridge API, or dePort.
Travala.com to Cease Support for BNB Beacon Chain (BEP 2) from June 14
Travala.com announced on the X platform that they will be stopping support for the BNB Beacon Chain (BEP 2). Starting June 14, 2024, as per the BEP 2 network’s sunset plan, all token withdrawals and deposits from BNB Beacon Chain (BEP 2) network accounts will cease. Travala.com reminds users that depositing tokens into the BEP 2 network after this date may result in irreversible losses of assets. Users are advised to carefully check wallet addresses and select networks before submitting transactions, without directly using previously saved addresses.
Optimism: Fraud Proof Deployed on OP Mainnet, OP Stack Reaches Decentralization Phase One
Optimism announced on the X platform that their open-source, permissionless fraud proof has been deployed on the OP Mainnet, with OP Stack reaching the first phase of decentralization. More OP Stack Chains will soon upgrade to include this feature, with the initial projects being Base, Metal, Mode, and Zora. Fraud proofs allow users to withdraw ETH and ERC-20 tokens from the OP Mainnet without the need for trusted third parties, enabling users to challenge and remove invalid withdrawals, contributing to the security of the Superchain. Over the next few months, more proof systems will be launched on the testnet, including Asterisc and Kona. Demonstrating the reliability and robustness of these redundant proof schemes will help the Superchain achieve the second phase of decentralization managed solely through smart contracts.
Security Risks: YOLO Games Ends YOLO LBP Early Due to Bazaar LBP Smart Contract Vulnerability, Refunding Affected Users
Blast’s ecosystem gaming platform YOLO Games announced on the X platform that due to reported security vulnerabilities in the Bazaar LBP smart contract, the YOLO LBP sale has ended early. Users will no longer be able to participate in the LBP. Users who purchased and held rYOLO during the sale period will receive ETH refunds based on their spending amount and a review of the event will be conducted in the coming days. YOLO Games will investigate the issue with the Bazaar and Blast teams and provide further updates.
UniSat: Rune Index Issue Fixed, Transfer Functionality Restored
UniSat stated on the X platform that the Rune index issue has been fixed and the Transfer functionality has been restored. Earlier, UniSat announced an issue with the Rune index, leading to the temporary suspension of the Transfer function, with an estimated fix within two hours.
