Top Headlines
ZKsync Association to Airdrop 36.75 Billion ZK Tokens to Early Users and Contributors Next Week
ZKsync recently announced that they will be airdropping 36.75 billion ZK tokens to early users and contributors next week, accounting for 17.5% of the total supply of 210 billion ZK tokens. This will be a one-time airdrop, allowing users to claim their tokens starting next week until January 3, 2025. Early contributors can start claiming from June 24. Furthermore, 49.1% of the token supply will be distributed through the ecosystem plan, with 17.2% allocated to investors and 16.1% to the Matter Labs team. The ZKsync Association stated, “The number of tokens distributed to the community in the airdrop exceeds the number distributed to the Matter Labs team and investors, this is not just a symbolic decision. When the ZKsync governance system launches in the coming weeks, the community will have the largest supply of liquidity tokens to guide protocol governance upgrades.” Additionally, the airdrop included 695,232 eligible addresses, based on snapshots taken during the ZKsync Era and ZKsync Lite events on March 24, 2024, UTC time 0:00, marking the first anniversary of the ZKsync Era mainnet launch, with 17.5% of ZK airdrop allocated to two community groups – early users (89%) and early contributors (11%).
JPMorgan: Market Consensus Indicates Trump Will Return to the White House
JPMorgan stated in a client report that the market consensus is that former US President Trump will win the White House, the Republicans will win the Senate, and the Democrats will win the House of Representatives. Investors remain optimistic about the impact of the US election on the market, with only 12% of JPMorgan survey respondents seeing the US election as the biggest threat to the market.
Trump Pledges Support for Crypto Mining Businesses
Trump met with the CEO of Bitcoin Magazine and representatives from US Bitcoin mining companies, pledging support for crypto mining businesses.
Industry News
Coinbase Pro’s Bitcoin Wallet Balances Exceed 890,000 Coins, Ranking First in CEX
According to Coinglass data, Coinbase Pro’s Bitcoin wallet balance is 890,755.02 coins, ranking first in CEX. In the past 24 hours, 130.71 coins flowed in, with 2469.06 coins entering in the last 7 days and 24079.87 coins leaving in the last 30 days. Binance’s Bitcoin wallet balance is 583,221.88 coins, with 1540.11 coins flowing in the last 24 hours, 2853.88 coins in the last 7 days, and 3372.23 coins leaving in the last 30 days. Bitfinex’s Bitcoin wallet balance is 391,917.99 coins, with 245.74 coins leaving in the last 24 hours, 515.79 coins in the last 7 days, and 7833.79 coins entering in the last 30 days. OKX’s Bitcoin wallet balance is 132,333.72 coins, with 976.35 coins leaving in the last 24 hours, 7457.21 coins in the last 7 days, and 5099.67 coins leaving in the last 30 days.
BlackRock’s IBIT Holdings Surpass 305,000 Bitcoins
BlackRock officially updated its Bitcoin ETF data, as of June 10, the IBIT market value reached $21,243,465,407.99, with holdings touching 305,067.8293304,976.7378 BTC, an increase of about 91 bitcoins from the previous trading day.
Circle CEO: USDC Operates within EU MiCA Compliance Framework
Circle’s co-founder and CEO Jeremy Allaire stated on the X platform that the EU MiCA regulations will come into effect on June 30, continuing the momentum in the on-chain capital markets. USDC can be used alongside tokenized on-chain bonds, all operating within compliance frameworks.
Project News
ZKSync: Meeting Airdrop Criteria Does Not Guarantee Receiving Airdrop, Decisions at the Discretion of the Association
According to the ZKSync Airdrop Claim Interface terms, meeting one or more of the airdrop criteria does not guarantee the legal right or entitlement to receive the airdrop; all decisions related to airdrop distribution are at the discretion of the ZKSync Association. Additionally, ZKSync stated that by participating in the airdrop, participants acknowledge and assume all associated risks, including (but not limited to) the risk that the ZKSync Association or any of its directors, executive employees, representatives, advisors, or agents will not be liable for any claims, losses, damages, or other liabilities arising from the airdrop or the minting and claiming of any ZK tokens.
Sushi Announces Launch of Sushi Labs and Reveals Roadmap
As per official announcements, Sushi announced the launch of Sushi Labs, which will develop a multi-token product suite, execute Sushi ecosystem strategies, and explore solutions to enhance Sushi’s products. Sushi Labs also unveiled a roadmap, with key projects including Route Processor, multi-token product suite, and Susa (an Ethereum-based perpetual contract DEX).
LayerZero CEO: Airdrop Eligibility Criteria Focus on Authentic, Persistent Users and Fair, Optimal Distribution
LayerZero CEO Bryan Pellegrino expressed on the X platform, “Here’s how we are currently considering eligibility from a broad perspective. The focus is clearly on authentic users and the most fair, widely distributed, highly consistent, and enduring users. To a large extent, this is inspired by the outcome of the witch process; any true final definition will come directly from LayerZero, not me. Initial wallets are 6 million, with 3 million wallets having less than 5 transactions, these wallets are to be considered carefully. All transactions below $1.00 are reduced by 80%, but still calculated at 1/5 of normal transactions, all ‘valueless NFTs’ are also treated the same way. Then, transactions are normalized based on protocol fees, with the minimum value as the eligibility criterion, and the maximum value/limit as well, based on a multiplier of early usage. In summary: eliminate witches, eliminate garbage transactions, a semi-linear cap, reward early users, reward persistent users, reward all non-standard protocol interactions through RFP, such as LPs, focusing on the most fair and optimal distribution of the protocol.”
Farcaster Protocol Revenue Surpasses $1.7 Million, with Over 480,000 Total Users
Data from Dune shows that the decentralized social protocol Farcaster has exceeded $1.7 million in total revenue, currently at $1,714,414, with a total of 480,814 users.
deBridge ARB Horizon Plan Goes Live, Distributing 1 Million ARB to Ecosystem Users and DApps
deBridge announced on the X platform that deBridge ARB Horizon is now live, distributing 1,000,000 ARB to the entire deBridge ecosystem users and DApps. ARB Horizon is a growth initiative aimed at encouraging users and builders to use Arbitrum. Over the next 12 weeks, deBridge will distribute 1 million ARB to users of the deBridge application and teams integrating deBridge Widget, deBridge API, or dePort.
Travala.com to Cease Support for BNB Beacon Chain (BEP 2) from June 14
Travala.com announced on the X platform that they will stop supporting the BNB Beacon Chain (BEP 2) from June 14. As per the BEP 2 network’s sunset plan in 2024, all token withdrawals and deposits from the BNB Beacon Chain (BEP 2) network wallets will halt. Travala.com reminds users that depositing any tokens into the BEP 2 network after this date could result in irreversible asset loss. Users are advised to carefully check wallet addresses and select the network before submitting transactions, instead of using previously saved addresses directly.
Optimism: Fraud Proofs Launched on OP Mainnet, OP Stack Reaches Decentralization Phase One
Optimism announced on the X platform that its open-source, permissionless fraud proofs have been launched on OP Mainnet, with OP Stack reaching decentralization phase one. More OP Stack Chains will soon upgrade to include this feature, with the initial projects being Base, Metal, Mode, and Zora. Fraud proofs allow for the withdrawal of ETH and ERC-20 tokens from OP Mainnet without relying on trusted third parties, enabling users to challenge and remove invalid withdrawals, contributing to the security of the Superchain. In the coming months, more proof systems will be introduced on the testnet, including Asterisc and Kona. Demonstrating the reliability and robustness of these redundant proof schemes will help the Superchain achieve the second phase of decentralization, managed solely through smart contracts.
Security Risks
YOLO Games: YOLO LBP Ends Early Due to Reported Vulnerabilities in Bazaar LBP Smart Contract, Refunds to Affected Users
Blast ecosystem gaming platform YOLO Games announced on the X platform that the YOLO LBP sale ended prematurely due to reported security vulnerabilities in the Bazaar LBP smart contract. Users will no longer be able to participate in the LBP. Users who purchased and held rYOLO during the sale will receive ETH refunds based on their spending amount and a review of the event will be conducted in the following days. YOLO Games will investigate the issue in collaboration with the Bazaar and Blast teams and provide further updates thereafter.
UniSat: Rune Index Issue Resolved, Transfer Functionality Restored
UniSat stated on the X platform that the Rune index issue has been resolved, and the Transfer functionality has been restored. Half an hour ago, UniSat announced that the Rune index had a malfunction, leading to the suspension of the Transfer function, expected to be fixed within two hours.
