ZKsync Airdrop Controversy

️ On today's Top Picks:

Crypto News

• ⭐️ Terraform agrees to pay $4.47B in settlement with US SEC.

• MetaMask to offer pooled Ethereum $ETH staking next week.

• ICBC, the world's largest bank compares Bitcoin $BTC to gold & Ethereum $ETH to digital oil.

• Crypto[dot]com crypto exchange receives approval to register as a virtual asset service provider in Ireland.

• Tether Investment Arm to invest $1B in financial infrastructure, AI, & biotec.

• Paxos cuts 20% (~65 people) of workforce with $500M on its balance sheet.

Alpha

• Nekodex by Perpetual Protocol thread by Earndrop.

• New Blast Multiplier by Olimpio.

• BOB launches Wave 4 Part II of Build on Bitcoin Summer Fest on Intract.

• Initia launches Week 5 Bonus Tasks for The Initiation: Minitia Mania.

• ODOS adds support for Scroll.

• Avantis launches Season 1 of Avantis XP.

Airdrops

• Solv Protocol Airdrop Strategy by Earndrop.

• ⭐️ ZKsync releases $ZK airdrop eligibility checker & its tokenomics.

• ⭐️ Bryan Pellegrino to wrap up LayerZero $ZRO sybil review in next ~72 hours.

• BNB Chain announces Chapter 3 of the BNB Chain Airdrop Alliance.

• Spark launches $SPK allocation checker & Season 2 of pre-farming.

• PIrate Nation $PIRATE claim launches on June 13th.

• Enjoy launches $ENJOY Season 1 Airdrop 2.

• ICYMI Mercle Strategy Airdrop Strategy by Earndrop.

Finance News

• ⭐️ US Federal Reserve leaves interest rates unchanged at 5.25% to 5.50%.

• US Inflation falls to 3.3% in May, lower than expected 3.4%.

• Russia's Moscow Stock Exchange halts trading in US Dollars & Euros.

• Elon Musk drops lawsuit against OpenAI's Sam Altman.

• Apple $AAPL surpasses Microsft $MSFT as most valuable US company.

• Citron Research no longer short GameStop $GME citing $4B runway & cult-like shareholder behavior.

• General Motors $GM approves $6B stock-buyback program.

• Metplanet buys an additional $1.6M of Bitcoin $BTC.

Security and Exploits

• DMM Bitcoin crypto exchange hacker moves funds.

• Microsoft releases security updates to address 51 security flaws.

• Cryptojacking campaign targets misconfigured Kubernetes clusters to mine Dero crypto.

• ValleyRAT Malware returns with advanced data theft tactics.

Token Unlocks

• Immutable / 25.53M $IMX / ~$47M / JUN 14
• Cyber / 886.12K $CYBER / ~$7M / JUN 14
• Starknet / 64M $STRK / ~$66M / JUN 15
• Render / 760.57K $RNDR / ~$6M / JUN 16
• Arbitrum / 92.65M $ARB / ~$87M / JUN 16
• ApeCoin / 15.6M $APE / ~$17M / JUN 17
• Nym / 2.96M $NYM / ~$400K / JUN 17

Funding

• Zircuit, a zk rollup with parallelized circuits & AI-enabled security, raises an undisclosed amount in funding from Binance Labs.

• Layer3, a Web3 discovery platform, raises $21M in Series A funding co-led by ParaFi Capital & Greenfield One.

• Ava Protocol (formerly OAK Network), an intent-centric event-driven Eigenlayer AVS, raises $10M in Seed funding.

• ⭐️ Symbiotic, a permissionless restaking protocol, raises $5.8M in Seed funding co-led by Paradigm & cyber Fund.

• Pixelverse, a tap-to-earn Web3 game, raises $5.5M in funding.

• Kima, a payment settlement protocol, raises $5M in Pre-Seed funding co-led by Blockchange & FinSec Innovation Lab.

• Ink Finance, a DeFi engine for Protocols, DAOs, & RWA Originators; raises $5M in funding.

• Irys, an onchain data developer, raises $3.5M in Strategic funding led by Lemniscap.

• codatta, a human-centric data confidence protocol, raises $2.5M in Seed funding led by OKX Ventures.

• Pakt, an OS for On-Chain Connection, raises $750K in Pre-Seed funding.

The Degen Farmer