- AlphaPacked — Daily Crypto Newsletter
- Posts
- Consensys v. SEC (again)
Consensys v. SEC (again)
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/28c538d6-3f2b-43c7-814b-c42239ff9f53/consensys-sec-768x403.jpg?t=1719617715)
📉 SEC Allegations Against ConsenSys
Allegations by SEC: The SEC has sued ConsenSys, accusing it of illegally operating Metamask as an unregistered broker by offering Ethereum staking services. This allegedly violated investor protection laws.
Financial Impact: The lawsuit seeks penalties from ConsenSys. The company denies wrongdoing and plans a robust defense, highlighting regulatory challenges in the crypto sector.
Next Steps: Investors should follow developments closely. Regulatory clarity is crucial as the case unfolds. Read More.
️ On today's Top Picks:
- 📈 21Shares & VanEck file for Solana ETF in the US.
- 🚀 Zerion launches ZERϴ Network Testnet.
- 🔴 Optimism $OP ~$56M token unlock on June 30th.
- 💰 MegaETH raises $20M Seed led by DragonFly Capital.
Read time: ⏰ 8 minutes
Crypto News
• ⭐️ US SEC sues Consensys over MetaMask products, also targets Lido $LDO & Rocket Pool $RPL.
• ⭐️ 21Shares & VanEck file for Solana $SOL ETF in the US.
• Coinbase $COIN sues US SEC & US FDIC over FOIA requests.
• Coinbase $COIN partners with Stripe adding support for $USDC on Base.
• US FBI increases bounty reward to $5M for OneCoin Co-Founder Ruja "Cryptoqueen" Ignatova.
• Logan Paul sues Coffeezilla for defamation over CryptoZoo coverage.
• Optimism Fjord upgrade to launch on OP Mainnet on July 10th.
Alpha
• ⭐️ Zerion launches ZERϴ Network Testnet & Welcome to ZERϴ Testnet NFT on Zora.
• Weekly Crypto Update by Lightning X Drop.
• Affine launches ultraETH & ultraETHs LRTs.
• Scroll adds eligibility for Marks for $wBTC, $solvBTC, $weETH & Pencils Protocol staking vaults.
• BOB launches BOB Summer NFT quest on Intract.
• Aleo announces Testnet Beta Prover Incentives.
• Union launches Join the Union Testnet quest on Galxe.
• Infinex launches The UX Layer quest on Intract.
• Jumper Loyalty Pass Season 2 ends on June 30th.
• DeBank launches new Channels social feature.
• zkPass launches TrustFest: Onboarding Reputable Users to Web3 campaign on Galxe.
Airdrops
• Weekly Claims & News by Earndrop.
• Zeta Markets launches $ZEX airdrop claim.
• DYAD launches KEROSENE airdrop claim for Wassie, LLama, Milady, & Honey Jar NFT holders.
• Layer3 Foundation to release $L3 tokenomics next week.
• ICYMI Blast $BLAST launches Phase 1 Airdrop.
• ICYMI Hyperlane Airdrop Guide by Earndrop.
Finance News
• Kraken Co-Founder Jesse Powell donates $1M to US Presidential Candidate Donald Trump.
• Marathon Digital $MARA expands into altcoin mining including Kaspa $KAS.
• CleanSpark to buy Griid Infrastructure $GRDI for $155M.
• Bitdeer $BTDR to gain 570 MW of power capacity for Bitcoin mining.
• Amazon $AMZN surpasses $2T market cap.
• US & Switzerland agree to exchange financial data beginning in 2027.
Security and Exploits
• DDM Bitcoin hacker moves $30M of Bitcoin to new address.
• GitLab releases security updates fixing 14 vulnerabilities.
• TeamViewer suffers internal systems breach reportedly from cyber-threat group APT-29.
Token Unlocks
• AltLayer / 105.21M $ALT / ~$21M / JUN 25
• Yield Guild Games / 16.69M $YGG / ~$10M / JUN 27
• SingularityNET / 8.57M $AGIX / ~$6M / JUN 28
• Echelon Prime / 750K $PRIME / ~$7M / JUN 30
⭐️• Optimism / 31.34M $OP / ~$56M / JUN 30
• Ethena / 14.89M $ENA / ~$8M / JUN 30
• Manta / 1.87M $MANTA / ~$2M / JUN 30
Funding
• ⭐️ MegaETH, an EVM-compatible blockchain, raises $20M in Seed funding led by DragonFly Capital.
• Redacted, a Web3 entertainment ecosystem, raises $10M in funding led by The Spartan Group.
• AnchorZero, a tax planning solution, raises $8M in Seed funding co-led by Bain Capital Crypto & Spark Capital.
• Rebar Labs, MEV-aware infrastructure, products, & research for Bitcoin, raises $2.9M in Seed funding led by 6th Man Ventures.
• GolfN, a blockchain-based golf project, raises $1.3M in Pre-Seed funding.
• XProtocol, an entertainment-focused modular blockchain, raises $800K in Strategic funding from Cogitent Ventures & Zephyrus Capital.
• Argo, a FinTech company, raises an undisclosed amount in Strategic funding from Paxos & WonderFi.
• Bluefin, a decentralized orderbook-based exchange, raises an undisclosed amount in funding from Flow Traders.
The Degen Farmer
Top stablecoin yield farms of the day, more than $3,000,000 in TVL. DYOR and step up your farming game!
PROTOCOL | ASSETS | APY |
---|---|---|
![]() | USDCUSDT | 71.00% |
![]() | USDB | 45.17% |
![]() | MIMUSDCUSDT | 44.32% |
![]() | NUSDC | 44.06% |
![]() | IUSD | 37.41% |
![]() | GMUSDC(WBTC) | 29.83% |
![]() | USDTUSDC | 29.39% |
![]() | USDC | 26.84% |
🐾 Nekodex: The best Perp DEX to trade on your mobile phone. Powered by (=ↀωↀ=) and Perpetual Protocol | ![]() |
Nekodex: Nekodex is an onchain DEX with a gas-less and wallet-less user experience on mobile, and the first DEX integrating Ethereum Account Abstraction with Passkey and PWA technology.
Perpetual Protocol: Nekodex is built by the Perpetual Protocol team. The Perp team’s track record speaks for itself—zero hacks and a commitment to security and integrity. All trades are on-chain and verifiable, and funds are non-custodial and under your control.
Nekocoin: Nekodex uses Nekocoin $(=ↀωↀ=) as the only collateral on their mobile app to let users start trading instantly. Invited users can get free coins through daily airdrops, so Nekodex has 0 upfront cost to start trading & earning rewards.
🪂 Opportunity: The Nekocoin will be tradable for other tokens down the road, like $OP. So far Perp hasn’t announced the total rewards pool, but according to on-chain analysis, they have 1.4M OP left in their rewards pool 👀
That’s it for today’s edition! See you soon.
Reply