U.S. SEC Chairman: Ethereum spot ETF approval process is "progressing smoothly"
According to The Block, Gary Gensler, chairman of the U.S. Securities and Exchange Commission (SEC), said at the Bloomberg Investment Summit in New York on Tuesday that the approval process for the Ethereum spot ETF is "progressing smoothly" although the specific timetable is unknown. He emphasized that it is key for asset management companies to fully disclose information so that these registration statements can take effect. Gensler also reiterated on Tuesday that most cryptocurrencies are securities and said that there are violations on crypto platforms.
FTX restructuring plan sparks controversy, creditors are about to vote
According to The Block, at a bankruptcy hearing on Tuesday, FTX's lawyers and creditors debated a disclosure statement. The disclosure statement provides creditors with more information to make a decision about FTX's reorganization plan. John Dorsey, a judge in the U.S. Delaware Bankruptcy Court, will have to approve the plan and the disclosure statement, and then creditors will vote on the plan before a confirmation hearing later this year. Some people, including FTX's largest creditor group, opposed the plan and said that cryptocurrencies should be paid in kind rather than in U.S. dollars when FTX filed for bankruptcy in November 2022. FTX's lawyer Andrew Dietderich said the plan was "largely agreed upon by both parties." They plan to initiate a vote and said one of the purposes of the vote is to get feedback from creditors.
VanEck has filed Form 8-A for its spot Ethereum ETF
Eric Balchunas, Bloomberg ETF analyst, said on X platform: “VanEck just filed a Form 8-A (Securities Registration Application) for a spot Ethereum ETF. This is just part of the process, but it is worth noting that they also filed a Form 8-A exactly 7 days before the spot Bitcoin launch. This bodes well for our July 2nd (7 days from now) prediction. But then again, anything is possible. We will definitely hear more soon.”
VanEck plans to waive fees on Ethereum spot ETF for a limited time
According to CryptoSlate, VanEck announced that it will waive fees for its Ethereum spot ETF, adopting a similar strategy to the Bitcoin ETF launched earlier this year. Matthew Sigel, the company's head of digital asset research, said that the zero-fee strategy will help increase interest in Ethereum while also lowering the entry barrier for new investors. VanEck plans to waive fees on the first $1.5 billion in assets by 2025, and then charge a 0.20% fee. In addition, Franklin Templeton said it will waive fees on the first $10 billion in assets within six months, and then charge a 0.19% fee.
BLAST Token Economics Release: Total BLAST Token Supply 100 Billion, 17 Billion for Initial Airdrop
According to official news, the Blast Foundation will airdrop BLAST to the community at 22:00 on June 26th, Beijing time. Regarding the BLAST token economics, the total supply of BLAST tokens is 100 billion, and 17 billion will be used for the initial airdrop. 50% is allocated to the community, 25.5% is allocated to core contributors (subject to a 4-year lock-up period, of which 25% of core contributor tokens are unlocked 1 year after the TGE date, followed by linear unlocking every month for the next 3 years), 16.5% is allocated to investors (subject to a 4-year lock-up period, of which 25% of core contributor tokens are unlocked 1 year after the TGE date, followed by linear unlocking every month for the next 3 years), and 8% is allocated to the Blast Foundation (the Foundation's allocation will be unlocked linearly over four years from the TGE date).
Zeta Markets’ ZEX airdrop will be available at 18:00 on June 27
Zeta Markets, a decentralized exchange based on Solana, announced on the X platform that the $ZEX airdrop will be available at 10:00 UTC (18:00 Beijing time) on June 27, 2024. Users can visit token.zeta.markets to claim the airdrop.
Slerf: Compensation has been issued to all users who participated in the pre-sale
According to Slerf's official tweet, Slerf, a meme project in the Solana ecosystem, announced that it has issued compensation to all users who participated in the pre-sale. More than 25,000 wallets have received 100% refunds, and the last 250 wallets have received 25% refunds. Users can check whether their wallets have received deposits from the address fCuw5ppJ9aZYzjm8EsT2fHwxV1h5JwUfqXM44iX3Pzb.
Aave founder: The first Aave market tailored for Lido is about to go live
Aave founder Stani Kulechov said on the X platform: "The first Aave market tailored for Lido is about to go live. Aave V3 is flexible enough to meet any type of risk profile preference based on specific needs. Expect more similar custom markets to develop gradually."
According to The Block, the Solana Foundation is releasing tools designed to turn any website or application into a cryptocurrency trading portal. The first tool, called "Actions," allows users to easily complete on-chain transactions on websites, social media platforms, and QR codes. In addition, the Foundation has launched "blinks," an innovative feature that converts "Actions" into shareable links, meaning that any digital path containing a URL can become the starting point for cryptocurrency transactions on the Solana blockchain.
Solana-focused startup accelerator Colosseum raises $60 million to invest in early-stage projects
Colosseum, a startup accelerator focused on Solana, announced that it has raised $60 million for its fund to invest in early-stage projects, CoinDesk reported. The fund has been oversubscribed and will focus on pre-seed investments in startups selected by the winners of the Solana Hackathons. The accelerator sees hackathons as a "melting pot" for crypto innovation and company formation. It held its first Solana hackathon earlier this year, attracting more than 8,000 participants, according to the statement. To date, Colosseum has funded 11 companies and deployed $250,000.
Binance reveals it has banned 297 Megadrop witch accounts
Binance Web3 published an article on the X platform, revealing that someone obtained Megadrop rewards in batches by purchasing a large number of KYCs, and after being controlled by the system, he tried to collect the funds into one account in an attempt to escape, thus triggering the risk control again and being frozen. So far, a total of 297 main accounts have been banned in the Megadrop activity, one of which even collected up to 9,000 KYC accounts.
According to official news, crypto infrastructure Conduit announced the completion of a $37 million Series A financing, led by Paradigm and Haun Ventures. Bankless Ventures, Coinbase Ventures, Credibly Neutral and Robot Ventures and dozens of angel investors such as Hayden Adams and Tim Beiko participated in the investment. The Series A financing will help it continue to expand Ethereum, making it as easy as possible to deploy, expand and build customizable and reliable Rollups for users.
Tether and Uquid jointly launch 1 USDT store
According to the official blog, Tether announced a partnership with Web3 e-commerce platform Uquid to launch the "1 USDT" store, which can be accessed through the website 1USDt.store or @shop1USDt_bot on Telegram. It offers a variety of products, from digital products such as mobile phone top-ups and gift cards to physical products, etc., tailored for different markets, all at prices below 1 USDT.
IntoTheBlock said on the X platform that despite the FUD in the market, the net inflow of Bitcoin's largest wallets has reached the highest level since the end of May. Yesterday alone, whale holders who control at least 0.1% of the total supply of Bitcoin increased their holdings by 7,130 Bitcoins, worth approximately $436 million.
According to Decrypt, DEX Screener launched the token issuance trading platform "Moonshot" on Monday , and more than 7,000 Solana Meme coins have been created on the platform. The platform is seen as a competitor to pump.fun. However, among the more than 7,000 tokens created in Moonshot, only 27 reached the threshold of 500 SOL to obtain liquidity pools on Raydium, and among them, only a few tokens have positive price trends.
According to Blockworks, Ethereum’s circulating supply has now risen steadily for nearly 72 consecutive days, adding nearly 50,000 ETH (about $168.7 million) since mid-April.
PANews APP has updated its functions, download and experience it now!
【Comment】Speak freely and exchange views
【Floating window】Reading interrupted, return at any time
【Search within the article】Quickly locate and get to the core
