Observations:
The regulators are coming, the regulators are coming. The Canada Ontario Securities Commission ordered monetary sanctions and a permanent market participation ban against Kucoin, who recently closed a funding round led by Jump Crypto at a valuation of $10B, for violating securities laws. Bybit paid a $1.9M penalty and won't accept new accounts for Ontario-based customers or market its services in Ontario - source - 2nd
Crypto broker Voyager Digital reduced its daily withdrawal limit to $10K after already recently reducing it to $25K. Due to exposure to 3AC. Seems they’re having liquidity issues and this issue isn’t going away soon. Waiting for the real repercussions - source
Euler Finance releasing token EUL today + the launch of the EulerDAO. Always interesting to watch how projects perform under these market conditions - source
Bitcoin in the low 20k region. Coiled in a tight range
$USDD never fully recovered its peg, btw. Still floating in the ~ $0.97 area
DeFi TVL stopped falling off a cliff and has slightly stabilized for now
Eth and Sol people are still quietly doing their NFT thing
Plus more. Hope you’re staying hydrated and getting some physical activity
- 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:
OKX integrated zkSync and will support ETH deposits on the zkSync network - source
Coinbase Pro is being phased out an for ‘Advanced’ Mode in the Coinbase main app later this year. Will mirror fee structure - source
Binance is launching Binance Institutional, a new flagship platform for VIP and institutional users - source
Coinbase launched its redesigned noncustodial wallet on mobile. New features include a dark mode, a new DeFi portfolio tab and support for the Solana blockchain - source
FTX exchange added support for Avax USDT, Matic USDC, and Tron USDC - source
THORChain announces achievement of Mainnet after 4 years. Native RUNE (THOR.RUNE) was introduced with the MCCN launch. BNB.RUNE or ETH.RUNE will slowly be phased out - source
Euler Finance will release its token EUL together with the launch of the EulerDAO on June 23rd - source
Element Finance 2022 Roadmap describes certain projects built on top of the Protocol being worked on and staying back from governance - source
Bitget, a Singapore-based crypto derivatives exchange, plans to double its workforce over the next six months - source
Launch of the first Polygon ID integration - source
zkSync v2 Upgrade - source
ConsenSys launches beta of NFT tool to enable end-to-end Web3 tooling - source
Sismo is a modular Attestations Protocol - source
beFITTER has launched its Open Beta Testnet - source
veDPX is now LIVE - source
Smart contracts are live on the Aleph Zero testnet - source
NFTs/Metaverse:
Conditional Listing is Live on LooksRare. Allows listing 2 NFTs for sale and when one sells, the other listing is instantly canceled - source
Cristiano Ronaldo and Binance team up for an exclusive, multi-year NFT partnership - source
Gucci Invests $25K in DAO of NFT Marketplace SuperRare to Start Digital Art Vault - source
Bentley one-time 208 piece NFT drop on the Polygon network in September 2022 - source
The NHL partnered with NFT platform Sweet to create a unique NFT marketplace and collections of NFTs to go live in October - source
Raises:
Investment Platform Finhay Raises $25M in Series B Round - source
Future Fund raises $3.8M to build a blockchain micro-investment platform - source
SithSwap Raises $2.65M to Build Next-Gen AMM on StarkNet - source
CloudFeather Games Raises $1.25M - source
New Listings:
Forta (FORT) Gets Listed on KuCoin on June 24th - source
Data:
Bitcoin: $20,430.66, down -1.4% (24H)
Ethereum: $1,103.23, down -0.6% (24H)
Crypto Market Cap: $948 Billion, up 0.1% (24H)
Fear & Greed Index: 11
DeFi TVL Change: $74.13b, up 0.91% (24H)
24H Gainers: EVMOS, MATIC, ATOM, RUNE, 10SET
24H Losers: CEL, XRD, WAVES, QNT, FLEX
Nansen Smart Money Token Inflow and Outflows:
Inflow: dSNX, LOOT, VGX, SHIT, SAITAMA
Outflow: CPOOL, Silo, APE, LYRA, NUM
Nansen Smart Money Transactions (24H)
Wintermute sent 4000 ETH to a token Millionaire
Blockchains by NFT Sales Volume (24H):
Ethereum down 7.23%
Solana down 22.42%
NFT Collection Rankings by Volume (24H):
CryptoPunks up 96.10% with $1,734,505 in sales
Doodles up 51.01% with $1,068,879 in sales
LonelyPop up 780.98% with $1,068,879 in sales
Nansen NFT Smart Buys (24H) :
Bear Market Bullies 5 Smart Buyers
Gossamer Seed 4 Smart Buyers
Spectron 2 Smart Buyers
Nansen NFT Smart Sells (24H):
Bear Market Bullies 7 Smart Sellers
MutantAIYachtClub 6 Smart Sellers
Kai 5 Smart Sellers
Nansen NFT Smart Mints (24H):
SpunMonkes 61 Smart Minters
DeadFlyWorld 50 Smart Minters
Loser G.O.A.T.S 45 Smart Minters
Unlocks:
TAUM, PSTAKE, QRDO, UMEE, CTSI, MEAN,
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