Observations:
The insolvency saga continues. Voyager issued a notice of default today to 3AC for failure to make the required payments on its previously disclosed loan of 15,250 BTC and $350M USDC. Meanwhile, FTX is in talks to acquire BlockFi, which it recently provided a $25M bailout for. BlockFi also announced raising deposit rates and eliminating free withdrawals. Celsius insolvency rumors continue circulating including unconfirmed rumors regarding CEO Alex Mashinky attempting to leave the country. Harmony announced offering a $1M whitehat bounty for return of the stolen Horizon Bridge funds, however this is just 1% of the $100M stolen. Some feel that a 10% bounty should become an industry standard in such cases to incentivize attackers to return funds. All the while there’s tons of little side quests going on. Polkadot just announced its 20th parachain and Lido DAO begins voting on whether to limit its Ethereum staking dominance, which accounts for almost a third of all ETH staked on the Ethereum Beacon chain. All the world’s a stage, and all the men and women merely players.
- 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:
Harmony offers $1M bounty for return of stolen funds. Equal to just 1% of the $100M in crypto stolen from the Horizon Bridge hack last week - source
Voyager issued a notice of default to Three Arrows Capital - source
FTX, who recently provided BlockFi with a $25M bailout, has entered negotiations to acquire a stake in the crypto lending firm - source
Nexo has issued a public cease and desist notice to the originator of allegations that they claim are untrue and defamatory - source
Totem has won the auction for the 20th parachain slot on Polkadot with the total amount 132,833 DOT - source
XCarnival, an Ethereum-based protocol that acts as a lending aggregator for NFTs, has recovered 50% of the $3.8M lost in an exploit - source - 2nd
BlockFi Raises Deposit Rates, Eliminates Free Withdrawals. The rate increases across BTC, ETH, USDT and other crypto deposits come after layoffs at the company and a $250 million emergency line of credit from FTX - source
Ankr (ANKR) has introduced its App Chain product offering - operate on a dedicated blockchain without having to compete for resources on popular L1s, L2s - source
Lido DAO begins voting on whether to limit its Ethereum staking dominance. Lido is responsible for almost a third of all ETH staked on the Ethereum Beacon chain - source
Australian Crypto Exchange Banxa Cuts 70 Staff citing the "crypto winter" - source
Albania plans to begin taxing crypto-derived income next year - source
Swiss Luxury Brand Hublot Adopts Bitcoin Payments - source
GTA 6 to include Bitcoin, leak suggests - source
Evmos Name Service Mainnet is live - source
Magnety live on testnet - source
NFTs/Metaverse:
Meta Launches Meta Pay, a metaverse dedicated digital wallet - source
Yuga Labs sues artist in Bored Ape Yacht Club NFT case, claiming that the artist sought to “devalue the Bored Ape NFTs by flooding the NFT market with his own copycat NFT collection." - source - 2nd
Matrixport, one of the world's largest digital assets financial services ecosystem, announced the launch of Warm and Cold custody services for NFTs via its third-party institutional custody service, Cactus Custody - provides institutions the ability to safely store and manage their NFT and crypto assets in one place - source
Bored Ape Yacht Club restaurant, Bored & Hungry, has stopped accepting ApeCoin and any form of crypto altogether - source
Mars Inc. files NFT, crypto and metaverse trademarks applications for M&M’s - source
Raises:
Flowdesk Raises $30M to Expand Trading and Market-Making Services - source
Japanese Virtual IP Firm Raises $10M to Accelerate Metaverse Business - source
A community dedicated to FTT has raised $7M to be converted into an ecosystem fund - source
Azuro Raises $4M For ‘Decentralized Sportsbook Protocol’ - source
New Listings:
Koi Metaverse (KOI) token sale to be held via Huobi Primelist on June 30th - source
Casper (CSPR) Gets Listed on KuCoin on June 29th - source
Data:
Bitcoin: $20,728.36, down 3.3% (24H)
Ethereum: $1,184.67, down 3.6% (24H)
Crypto Market Cap: $973B, down 3.4% (24H)
Total cryptocurrency trading volume: $75.7B
Fear & Greed Index: 12
DeFi TVL Change: $76.63B, down 0.86% (24H)
24H Highest Volume:
Highest volume for the past day: USDT, BTC, ETH, BUSD AND USDC
24H Lowest Volume:
Lowest volume for the past day: cETH, cUSDC, cDAI, HBTC, XRD
Nansen Smart Money Token Inflow and Outflows:
Inflow: APE, SYN, QOM, stMATIC, KATA
Outflow: USDD, aSTETH, cMKR, BENT, oSQTH
Nansen Smart Money Transactions (24H):
Blockchains by NFT Sales Volume (24H):
Ethereum up 20.46%
Solana up 2.61%
ImmutableX up 1,161.39%
NFT Collection Rankings by Sales Volume (24H):
Otherdeed up 273.74% with $3,302,460 in sales
CryptoPunks down 7.83% with $1,979,864 in sales
BAYC up 7.06% with $1,883,024 in sales
Sorare up 101.39% with $978,347 in sales
Nansen NFT Smart Buys (24H) :
Otherdeed: 5 Smart Buyers with 229 ETH volume
N4NAP: 4 Smart Buyers with 1.94 ETH volume
Bullrunners: 2 Smart Buyers with .3531 ETH volume
Nansen NFT Smart Sells (24H):
N2NAP: 17 Smart Sellers with .7055 ETH volume
Bullrunners: 16 Smart Sellers with .5214 ETH volume
Devilvalley (0xc70): 14 Smart Sellers with 1.05 ETH volume
Nansen NFT Smart Mints (24H):
N4NAP: 87 Smart Minters with 1.7 ETH volume
JohsWorld: 85 Smart Minters with .7876 ETH volume
Bullrunners: 82 Smart Minters with 1.01 ETH volume
Unlocks:
CSPR, UMEE,
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