Source: Trump campaign team not involved in meme project DJT
According to DL News, on Monday, the Trump-themed meme coin DJT on Ethereum quickly became popular after the technology publication Pirate Wires released the news that it was issued with the support of Trump. However, the lack of communication from the Trump campaign team on the matter has aroused public doubts about the authenticity of the report. A person familiar with the decision-making of the Trump campaign team revealed that the Trump campaign team was not involved in the project.
Meanwhile, former pharmaceutical executive Martin Shkreli has advocated for DJT as the “official Trump coin” and challenged members of the cryptocurrency community. His $100 million bet with pseudonymous trader GCR was canceled due to disagreements over terms. Currently, Polymarket traders give a 3% chance that Trump or one of his family members or employees will issue the token, with liquidity of nearly $2.5 million and a peak probability of 59% on June 17. Shkreli further claimed that he partnered with Trump’s youngest son Barron Trump to issue the token, and said on Wednesday’s X Spaces show that Barron Trump owns the majority of the tokens and is the sole beneficiary of the project. However, DL News was unable to independently verify his claims.
Crypto influencer Jordan Fish, also known as Cobie, revealed that Shkreli claimed that it was Trump family members, not Trump himself, who pulled GCR out of a $100 million bet.
Binance appeals $4.4 million fine from Canadian regulator
According to Cointelegraph, according to a document filed with the Canadian Federal Court system on June 5, Binance has appealed against a $4.4 million fine imposed by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). In May of this year, FINTRAC fined Binance 6 million Canadian dollars (about $4.4 million) because Binance failed to register as a foreign money service business and failed to report virtual currency transactions exceeding 10,000 Canadian dollars. Binance stated in its appeal that it did not provide services directly to Canadian residents and announced its withdrawal from the Canadian market in May 2023.
Fox reporter Eleanor Terrett said on X platform: "I contacted Joseph Lubin, founder of ConsenSys, to seek his opinion on the SEC's abandonment of the Ethereum investigation and how this affects their lawsuit against the agency. He told me that the company still plans to move forward with the lawsuit: 'The SEC's decision to end the 14-month Ethereum investigation is good news, but it is just the beginning. For the regulation of the cryptocurrency market, we need to find a better way than sudden attacks. We expect that the hostility of certain US regulators to cryptocurrencies will begin to weaken, and the national investor protection strategy will evolve from the current guerrilla tactics. Until then, we will continue to file a lawsuit against the SEC in Texas because we are committed to fighting for more legal clarity for everyone.'"
OpenAI co-founder Ilya Sutskever launches new artificial intelligence company SSI
According to CNBC, OpenAI co-founder Ilya Sutskever announced the establishment of a new artificial intelligence startup Safe Superintelligence (SSI) on Wednesday. Sutskever said the new company will directly pursue safe superintelligence, with only one focus, one goal and one product. Sutskever co-founded the new company with Daniel Gross, who was in charge of Apple's AI business, and Daniel Levy, a former OpenAI employee. The company has offices in California and Tel Aviv. Sutskever served as OpenAI's chief scientist and co-led the company's super alignment team with Jan Leike. Jan Leike also left in May this year and joined OpenAI competitor Anthropic. Subsequently, OpenAI's super alignment team was disbanded.
Australian Stock Exchange ASX is in talks with several companies about listing spot Bitcoin ETFs
According to Bloomberg, a spokesperson for the Australian Stock Exchange (ASX) said that the company is in discussion with several asset management companies that are working to list their spot Bitcoin (BTC) ETFs. Currently, only one spot BTC ETF from VanEck has been officially launched. However, Australia's own BetaShares Holdings Pty and DigitalX Ltd. have also submitted applications for spot BTC ETFs to the ASX. Rebecca Sin, senior ETF analyst at Bloomberg Intelligence, pointed out that the cryptocurrency ETF market in the Asia-Pacific region has great potential and is expected to exceed US$3 billion in the next few years. Sin added that if Australia, Hong Kong and South Korea allow cryptocurrency ETFs to be listed, the market share of these regions may be evenly distributed.
Earlier today, it was reported that a Bitcoin spot ETF was listed on Australia's major stock market for the first time. The VanEck Bitcoin ETF began trading on the Australian Stock Exchange ASX on Thursday.
Andrew Kang, co-founder of Mechanism Capital, wrote on the X platform: "I think the approval of the spot Ethereum (Ether) ETF may be delayed by one to two quarters. Some market views currently show that the time recommended by experts for seeking approval/ETFs to be added to wealth management platforms has been postponed from the original plan of late May to the fourth quarter. Although the market momentum has turned from up to down due to the lack of large ETF fund inflows, I firmly believe that Bitcoin remains strong and the price will not fall below $50,000. Although the weekly chart may indicate a Double Top to some, I believe that the market structure has changed significantly from previous cycles, with more DCA buyers creating higher bottoms and equilibrium points for Bitcoin, and large momentum players (such as 3AC, Alameda, Celsius, etc.) have relatively less leverage. For Ethereum, I predict that the price may remain stable until the ETF is listed, but the upside this year is limited, and the maximum is expected to be around $4,000. However, if the fund flow performance is disappointing or there is a large ETHE sell-off, the price may fall to between $2,000 and $3,000. I noticed that the publicity and familiarity of Ethereum is unusually high in the market, which also makes investors expect slightly more from the ETF than the average buyer. Solana has performed well in this cycle, but it has also seen the reflexive nature of meme trading demand, which has exerted influence in both directions. If meme trading pauses in the next few months, then we will likely see SOL prices close to $80 again. ”
The LayerZero Foundation stated on the X platform that 25% of ZRO will be unlocked on the first day of launch, of which 8.5% will be allocated to TGE, 11% will be used for future Snapshots and RFPs, 5% will be allocated to the LayerZero Foundation, and 0.5% will be allocated to community members. The application will be open at 19:00 on June 20.
In addition, Bryan Pellegrino, CEO of LayerZero Labs, said that Ethereum, Arbitrum, Optimism, Base, Polygon, BNB Chain, Avalanche and Aptos networks can all be used to receive ZRO airdrops.
Ethereum co-founder Vitalik Buterin said on the X platform that synchronous atomic composability is overrated. In fact, we should pay more attention to some specific cross-L2 problems that may be encountered now or in the future, and if solved properly, can bring a more seamless experience. For me, the two most prominent problems are as follows:
I have tokens on Optimism but I want to pay Bob who is only on Arbitrum.
I have coins on Taiko and I want to use a dapp on Polygon, so I need to send the coins to Polygon to use that dapp.
These are not advanced technical problems that can be easily solved by solving synchronization issues. Instead, they are primarily user experience problems that can be solved by:
1. Widespread adoption of the ERC-3770 standard, which includes chain information as part of the address, so that the address once again becomes a complete "how to pay me" identifier.
(ii) Introducing cross-L2 transaction protocols (such as ERC-7683) to enable users to perform cross-chain transactions programmatically without having to worry about which intermediaries to trust or which APIs to connect to.
(iii) Wallet integration makes cross-L2 sending simple. Users only need to enter the recipient’s ERC-3770 address into the same text box as daily sending.
Of course, solving these technical problems can indeed greatly improve efficiency, especially by making the cross-chain swap market more friendly to liquidity providers and reducing withdrawal times from 1 week to 1 hour to 1 time slot. But even so, there are still a lot of untapped potential gains that do not rely on achieving synchronicity.
In response to the security vulnerability report dispute between Kraken and CertiK, on-chain detective @0xBoboShanti claimed that an address previously released by a Certik security researcher was detected and tested as early as May 27, which contradicted Certik's timeline of events. Furthermore, the funds in the test address originated from a Tornado transaction (Tornado tx) from Certik, and the wallet has recently (until today) been interacting with the same contract, a discovery that links the incident to the original security researcher.
Security researcher @tayvano further pointed out that the Certik report of the transaction revealed Kraken's deposit address 0xa172342297f6e6d6e7fe5df752cbde0aa655e61c (MATIC). On the Ethereum network, this same address was used for withdrawal operations, including: 0x3c6a231b1ffe2ac29ad9c7e392c8302955a97bb3, 0xdc6af6b6fd88075d55ff3c4f2984630c0ea776bc, and 0xc603d23fcb3c1a7d1f27861aa5091ffa56d3a599. These withdrawal addresses withdrew a large amount of funds, sold UDDT and used ChangeNOW for multiple maximum swaps.
@tayvano wrote: “Selling USDT and using ChangeNOW does not make the address a hacker, but exploiting an undisclosed vulnerability in a CEX system for their own financial gain does. Selling and instant trading before the vulnerability was disclosed just adds more confusion to this crazy situation. If the official statement was that Certik leaked secure communications, or that this was an outsider exploiting the same vulnerability, I would believe it. This might even explain Certik’s initial statement that Kraken was asking for more funds to be returned than they withdrew.”
Previously, Kraken Chief Security Officer Nick Percoco said that after the company received a security vulnerability report and fixed it, it was found that three accounts had exploited the vulnerability and withdrawn nearly $3 million from the Kraken vault, one of which belonged to the researcher who initially reported the vulnerability. In response, CertiK disclosed on the X platform that the security vulnerability researcher referred to by Kraken was a CertiK white hat hacker, and argued that "after the initial success in identifying and fixing the vulnerability, Kraken's security operations team threatened individual CertiK employees to repay the unmatched cryptocurrency amount within an unreasonable time without even providing a repayment address."
BNB Greenfield mainnet is expected to conduct Veld hard fork on July 8
According to the official announcement, the decentralized data storage network BNB Greenfield is about to undergo a Veld hard fork, which will significantly update and optimize the platform. The testnet is expected to undergo a Veld hard fork at block height 9,581,218. Based on the current block interval, it is expected to occur at 15:00 on June 25, Beijing time. The mainnet is expected to undergo a hard fork at block height 9,269,910. Based on the current block interval, it is expected to occur at 15:00 on July 8, Beijing time. Validators and storage providers should upgrade to the latest version before the hard fork. The hard fork will not affect users' account balances.
friend.tech: FRIEND token transfer function will be opened in the next few weeks
friend.tech tweeted that it will open the transfer function of FRIEND tokens in the coming weeks while preparing to launch Friendchain.
The Eigen Foundation tweeted that the second phase (Phase 2) of the EIGEN staking airdrop has officially started. The claim window has been opened on June 19 and will last until September 7. All Phase 2 participants who staked before the March 15 snapshot will receive 100 EIGEN rewards.
Jupiter Alliance releases draft J4J plan, proposing to reduce total JUP supply by 30%
Jupiter co-founder Meow released a draft J4J plan on the X platform, aiming to optimize the economic model of the JUP token and incentivize community development. The plan includes the following key elements: First, the JUP proposal recommends reducing the total supply of JUP by 30%; second, the Jupiter team will voluntarily cut its allocation by 30%; in addition, the Jupuary release will also be reduced by 30% accordingly. Meow said that Jupiter has no direct investors in JUP, and this move will reduce the pressure of fully diluted valuation (FDV), activate the community's in-depth understanding of the JUP token economic model, and address concerns about high circulating supply levels. Through these measures, Jupiter hopes to incentivize all members to jointly promote the development of metadata.
Jump Crypto Donates $10 Million to Crypto Industry PAC Fairshake
According to CoinDesk, Jump Crypto donated $10 million to Fairshake, a political action committee (PAC) in the crypto industry, bringing its total funding to about $169 million. Fairshake PAC currently still holds $109 million, which it plans to use to support congressmen and candidates who are favorable to cryptocurrency legislation. Fairshake's future plan is to support congressmen and candidates who are favorable to the development of cryptocurrency, rather than presidential candidates.
CoinShares report: The optimal Bitcoin allocation ratio is between 4-10%
According to the latest report from CoinShares, the traditional 60/40 portfolio (60% stocks and 40% bonds) is no longer suitable for the current market environment. Studies have shown that incorporating Bitcoin into an investment portfolio can significantly improve risk-adjusted returns. Allocating 4% of Bitcoin to a 60/40 portfolio increases the Sharpe ratio (a measure of investment returns relative to its risk) from 0.48 to 1.05 and reduces the correlation of the portfolio. In addition, Bitcoin has also shown significant diversification and return enhancement effects in classic portfolios such as the All Weather Portfolio and the Yale Endowment. Analysis suggests that the optimal Bitcoin allocation ratio is between 4-10%, which can significantly improve portfolio performance while maintaining reasonable risk.
Lista DAO announced that users can view the airdrop allocation through Lista DAO's airdrop website. Users can claim tokens from 17:00 (Beijing time) on June 20. The claim period is 30 days and the deadline is 16:59 on July 19. Unclaimed tokens will be used to support the development plan of the ecosystem.
Later in the day, Linea said that it will open Linea Park LXP minting tomorrow, and the Sybil address will not be able to receive LXP .
Bondex, the Web3 version of LinkedIn, has raised $10 million
According to The Block, Bondex, a professional social platform based on crypto technology, announced that it has successfully raised more than $10 million in funds. The funds come from "more than $4 million in financing led by Animoca Brands, Morningstar, Dext Force Ventures, iAngels, etc." and more than $6.5 million from "community sales on CoinList in March 2024." It aims to promote the development of the Bondex platform and create a decentralized alternative to LinkedIn. Bondex is committed to reshaping professional networks and recruitment processes through blockchain technology to provide users with more transparent and fair opportunities. Bondex CEO Ignacio Palomera said that the new funds will be used to expand platform functionality, increase user engagement, and promote the global development of the platform.
The wallet address marked as "German Government" transferred 6,500 BTC today
According to Cointelegraph, the crypto wallet marked as "German Government (BKA)" by the on-chain analysis company Arkham began to transfer Bitcoin on June 19, which aroused widespread attention and speculation in the community. According to Arkham data, the wallet has held nearly 50,000 Bitcoins since February 2024. These Bitcoins were allegedly confiscated from the operators of the pirated movie website Movie2k. On June 19, the wallet associated with the German government made four large transfers, one of which was to transfer 6,500 Bitcoins to the address "bc1q0unygz3ddt8x0v33s6ztxkrnw0s0tl7zk4yxwd", worth more than US$425 million, and the other was to transfer 2,500 Bitcoins to its own address, worth about US$154 million. The bitcoins transferred to the new address were then divided into four transactions of 500 bitcoins, two of which were transferred to the cryptocurrency exchanges Kraken and Bitstamp, and the remaining two were transferred to unmarked private addresses. As of now, the wallet marked by the German government still holds 43,359 bitcoins, worth approximately $2.83 billion.
CryptoQuant CEO: Whales sold more than $1.2 billion worth of BTC in the past two weeks
CryptoQuant CEO Ki Young Ju tweeted that long-term Bitcoin whales sold $1.2 billion worth of Bitcoin through brokers in the past two weeks. At the same time, Bitcoin ETFs had a net outflow of $460 million during the same period. If these approximately $1.6 billion of seller liquidity is not absorbed by the over-the-counter (OTC) market, brokers may deposit Bitcoin on exchanges, which may have an impact on market prices. According to CoinDesk, data shows that the sell-off coincides with the net outflow of U.S.-listed Bitcoin ETFs during the same period.
A whale/institution withdrew 6,570 bitcoins from CEX, equivalent to about 427 million US dollars
According to on-chain analyst Ember, a whale/institutional address has withdrawn 6,570 BTC (about $427 million) from Binance and OKX. This whale/institution had previously withdrawn more than 38,000 BTC from Binance and OKX at a price of about $18,500 at the market bottom in October-December 2022. Then, between March 2023 and the beginning of this month, it transferred about 35,200 BTC to Binance at an average price of about $45,800. The profit may exceed $962 million.
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