Consensys v. SEC (again)

📉 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:

  1. 📈 21Shares & VanEck file for Solana ETF in the US.
  2. 🚀 Zerion launches ZERϴ Network Testnet.
  3. 🔴 Optimism $OP ~$56M token unlock on June 30th.
  4. 💰 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.

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PROTOCOLASSETSAPY
PancakeSwap AMM V3 logoPancakeSwap AMM V3 (Ethereum)USDCUSDT71.00%
BFX (Blast Futures) logoBFX (Blast Futures) (Blast)USDB45.17%
Abracadabra Spell logoAbracadabra Spell (Arbitrum)MIMUSDCUSDT44.32%
Notional V3 logoNotional V3 (Ethereum)NUSDC44.06%
Indigo logoIndigo (Cardano)IUSD37.41%
Umami Finance logoUmami Finance (Arbitrum)GMUSDC(WBTC)29.83%
Turbos logoTurbos (Sui)USDTUSDC29.39%
Avantis logoAvantis (Base)USDC26.84%
. . .

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. . .

That’s it for today’s edition! See you soon.

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