💎20240613 Thursday Crypto Daily💎

🔥Industry Highlights

He Yi: Binance has management measures for zombie coins and will conduct regular audits of listed tokens.

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

Jupiter founder: The core issue with Ethereum currently is that a large amount of capital and incentives are skewed towards creating L2/3/4 solutions.

Yesterday, the net inflow for U.S. spot Bitcoin ETFs was $101 million; major entities including the U.S. 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 maintained the benchmark interest rate in the range of 5.25%-5.50% for the seventh consecutive time, in line with market expectations; the U.S. PPI annual rate for May recorded 2.2%, with an expected 2.50%, further confirming that inflation pressures are easing.

🔥Protocol Updates

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

Sui has announced the official launch of the native cross-chain bridge Sui Bridge on the testnet.

The loyalty airdrop rewards for the blockchain game Illuvium are now live.

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

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

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loan position of the Curve founder has accumulated liquidations totaling $140 million in $CRV; 6 million USDT has been withdrawn from Binance to extend the liquidation period.

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

Blast has announced details for the fifth phase of "Golden Points" distribution.

Ripple will use Axelar as the bridging protocol for its EVM sidechain.

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

YOLO GAMES has distributed its first season airdrop rewards.

🔥Price Movements

Total crypto market cap: $2.66 trillion; Fear and Greed Index: 70

In the last 24 hours, liquidations across the network totaled $231 million, primarily affecting 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 fell.

Policy and Regulation

Terraform Labs has agreed to pay a fine of $4.47 billion to the U.S. SEC.

Binance is collaborating with the Macau Judiciary Police to conduct the first on-site law enforcement training.

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

🔥Investment and Financing

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

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

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