Observations:
Celsius’s investors unlikely to provide more funds for bailout - source
Fed gave us the 75 bp interest rate hike, the largest rate hike since 1994. Powell said the next meeting will most likely be 50 bps or 75 points
Three Arrows Capital potentially insolvent speculation closer to being confirmed. CEO of trading firm 8 Blocks Capital, called out to platforms that are holding funds owned by 3AC to freeze the assets. Fails to meet lender margin calls. BlockFi was among firms that liquidated the 3AC’s positions - source - 2nd
Circle announces a fully-reserved, euro-backed stablecoin - source
Elon Musk, Tesla, and SpaceX being sued for $258B over an alleged Dogecoin pyramid scheme - source
BitBoy Crypto founder Ben Armstrong said that Celsius won’t let him withdraw money from the platform without sending more money to it first, threatens class action lawsuit - source - 2nd
Plus more. Things are looking spicy out there.
- Time moves differently in crypto. Crypto is an intricate game filled with various players operating across multiple time frames and with varying agendas. Day in, day out, the pieces are moving all across the board. Sometimes for the better and sometimes for the worse. Here’s a small glimpse of what has happened so far today in our little crypto bubble -
Crypto:
MetaMask warns of security vulnerability from older versions. Awarded a bounty of $50,000. Affected users warned to migrate funds from specific compromised wallets. - source
Binance Pay Partners With Splyt to Bring Binance Users in 150 Countries' Ride-Hailing Services and Experiences - source
Inverse Finance drained for $1.2M in a flash loan attack. Exploited funds included 53 BTC and 100,000 USDT - source - transaction
The number of ETH addresses in loss at an all-time high - source
Machi Big Brother embezzled 22,000 ETH from Formosa Financial in 2018. In the four years since the fall of Formosa Financial, Jeff has gone on to launch over ten failed pump and dump tokens and NFT projects - source
Crypto staking and yield generation platform Finblox has imposed a $1,500 monthly withdrawal limit and paused rewards in light of uncertainty surrounding crypto hedge fund Three Arrows Capital - source
Ownership of the LooksRare Exchange smart contract has now been transferred to a timelock. concern was raised that LooksRare’s multi-sig was overprivileged in the sense that it was able to update the execution manager at will - source
Korea’s leading exchanges have agreed to form a new emergency system that will spring into action within 24 hours should another Terra-style collapse threaten to come to pass - source
TRON DAO Reserve pulled 5.5 billion TRX from exchanges in two days, or nearly 6% of its total circulating supply out of Binance - source
Optimism becomes the 17th RPC Partner on Ankr Protocol - source
Uniswap has appointed former president of the New York Stock Exchange, Stacey Cunningham as an advisor - source
Moopay is live on the NEAR Protocol Mainnet - allows creators to accept NEAR natively with superfast transactions and ultra-minimal gas fees
Staking and custody support for NEAR is now live on Copper. Allows 500+ institutional clients to securely hold NEAR - source
MakerDAO voted to temporarily disable the Aave DAI Direct Deposit Module (D3M) on June 17th. 200M DAI lent on Aave Ethereum v2, 100m was borrowed by Celsius, mostly collateralized by stETH - source
Crypto Security Firm Forta Launches FORT Token - will reward cybersecurity researchers for contributing to its real-time blockchain network monitoring services - source - 2nd
Introducing Membrane: a collateral, leverage, and borrowing engine built on Cosmos with a focus on composability and inter-protocol compatibility - source
Huobi to shut Thailand crypto unit as regulator revokes license - source
NFTs/Metaverse:
BTE and myNFT Announce AssetDIDs for NFTs, Built on KILT - source
Luxury watchmaker TAG Heuer announced its new Connected Calibre E4 smartwatch, which will permit owners to display their NFTs on the watch’s digital face - source
A Manhattan Landlord Listed His Office Building in ETH as an NFT. Dollar value of the NFT dropped from $29M to $16.8M due to market drop. Price will soon be adjusted - source
News:
BitMEX co-founder Benjamin Delo has been sentenced to 30 months probation for BSA violations - source
Raises:
True Global Ventures 4 Plus (TGV4 Plus) has announced the closure of a $146M funding round earmarked for a wide range of Web3 projects - source
Animoca Brands Acquires Most of Educational Tech Company TinyTap for $38.9M - source
BitCraft developer Clockwork Labs raises $22M Series A led by a16z - source
Data:
Fear & Greed Index: 7
Unlocks:
24H Gainers:
24H Losers:
DeFi TVL Change:
New Listings:
Move-to-earn startup Walken (WLKN) will have a public token sale on Bybit and Huobi on June 21 - source
Kraken lists Elrond on June 16th - source
Coinbase and Coinbase Pro list Forta (FORT) - source
Coinbase Assets has added AirSwap (AST) and MetisDAO (METIS) to the list of roadmap assets, moved Arcblock (ABT), Jupiter (JUP), SwftCoin (SWFTC) from "under consideration" to "planned" - source
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