💎20240613 Thursday Crypto Daily💎

🔥Industry Highlights

He Yi: Binance has management measures for zombie coins and will regularly review the tokens that have been launched.

The $Manta Foundation has launched an ecological fund of up to $50 million, which is now open for applications; the $NEAR Foundation has established Nuffle Labs and received $13 million in funding.

Jupiter founder: The current core issue of Ethereum is that a large amount of capital and incentives are skewed towards the creation of L2/3/4.

Yesterday, the net inflow of the US spot Bitcoin ETF was $101 million; major entities such as the US government and miners hold approximately 4.23 million $BTC, accounting for 27% of the total adjusted circulating supply of BTC.

The Biden campaign team is negotiating to accept cryptocurrency donations through Coinbase Commerce.

The Federal Reserve has kept the benchmark interest rate unchanged for the seventh consecutive time in the range of 5.25%-5.50%, in line with market expectations; the annual PPI for May in the US recorded 2.2%, with an expected 2.50%, further confirming that inflationary pressures are easing.

🔥Protocol Updates

SyncSwap: ZKsync airdrop will return 100% to the community.

Sui announces the official launch of its native cross-chain bridge Sui Bridge on the testnet.

The loyalty airdrop rewards of the blockchain game Illuvium have been launched.

The digital identity solution Polygon ID has been separated from Polygon Labs and renamed Privado ID.

The founder of Milady has sold out the presale of the meme coin CULT, raising a total of 5861.8 ETH.

The CRV lending position of the Curve founder has accumulated liquidations of $140 million in $CRV; 6 million USDT has been withdrawn from Binance to extend the liquidation time.

Eigen Labs announces the acquisition of the liquidity re-staking network Rio Network.

Blast announces the distribution details of the fifth "Gold Points".

Ripple will use Axelar as the bridging protocol for EVM sidechains.

https://t.co/aozQxdejf0: Season 2 has 18 days remaining, and airdrop rewards will be distributed linearly.

YOLO GAMES has issued the airdrop rewards for the first season.

🔥Price Movements

Total crypto market cap: $2.657T; Fear and Greed Index: 70

$231 million in liquidations across the network in the last 24 hours, primarily long positions.

ETH/BTC exchange rate: 0.052; BTC: $67,260; ETH: $3,492

Altcoins: $IO +50.81%; $BAKE +28.28%; $LPT +16.43%; $VANRY +10.65%; $INJ +10.23%; $NOT +10.06%; $ONG +9.07%; $ARK +8.33%; $FIDA +7.81%; $EDU +7.69%; $ATH +36%; $CRV -20.58%;

Meme coins generally declined.

Policy and Regulation

Terraform Labs has agreed to pay a $4.47 billion fine to the US SEC.

Binance collaborates with the Macau Judicial Police to conduct the first on-site law enforcement training.

Taiwan has established a cryptocurrency industry association, with 24 cryptocurrency companies joining.

🔥Investment and Financing

The cryptocurrency exchange BITAI announces the completion of a $20 million seed round financing, with participation from Jump Crypto among others.

The token distribution protocol Layer3 has completed a $15 million Series A financing, with participation from Electric Capital among others.

The AI Layer2 project https://t.co/TuDh5f5Awx has completed its seed round financing, with participation from G·Ventures and Kucoin Ventures among others.