Daily Report | Binance Labs invests in Zircuit; ZKsync will airdrop over 3.6 billion ZK tokens next week; Ethereum Foundation affiliated addresses sold 15,455 ETH in the past week
June 11 News Overview整理：Fairy, ChainCatcher
Important News:
- Binance Labs announces investment in Ethereum L2 developer Zircuit
- Data: ZKsync will airdrop over 3.675 billion ZK tokens next week
- Data: Ethereum Foundation-related addresses sold a total of 15,455 ETH in the past week
- Insiders: Ethereum spot ETF issuers are still waiting for the first round of S-1 form comments from the US SEC
- US SEC includes ProShares Ethereum spot ETF application for consideration
- OKX Star: OKX address book feature needs improvement, will take full responsibility for customer losses due to platform issues
- Tether's investment department plans to invest over $1 billion in the next 12 months
"What important events happened in the past 24 hours"
Binance Labs announces investment in Ethereum L2 developer Zircuit
Binance Labs announced an investment in Ethereum Layer 2 network developer Zircuit, with the amount undisclosed. The investment by Binance Labs in Zircuit was made before the mainnet launch of the network this summer. Both companies declined to disclose the scale of the investment and other terms of the deal.
Data: ZKsync will airdrop over 3.675 billion ZK tokens next week
According to The Block, zkSync will airdrop 3.675 billion ZK tokens to early users and adopters next week. This accounts for 17.5% of the total supply of ZK tokens, which is 21 billion. This will be a one-time airdrop, and users will be able to claim their tokens starting next week until January 3, 2025. Early contributors will be able to claim from June 24. An additional 49.1% of the token supply will be allocated through ecosystem programs, with 17.2% allocated to investors and 16.1% to the Matter Labs team.
Tether's investment department plans to invest over $1 billion in the next 12 months
According to Bloomberg, Tether Holdings Ltd. CEO Paolo Ardoino revealed that its investment department expects to invest over $1 billion in trading over the next 12 months. Ardoino stated in an interview that Tether Investments currently has 15 employees who evaluate hundreds of projects each month, most of which come directly from startups. Tether focuses on alternative financial infrastructure, artificial intelligence, and biotechnology in emerging markets, having invested approximately $2 billion in these areas over the past two years.
Ardoino stated that while Tether plans to maintain 100% reserves and withdraw an additional 6% buffer from profits to ensure smooth redemptions of USDT, Tether expects to invest a portion of the remaining profits into trading.
Data: Ethereum Foundation-related addresses sold a total of 15,455 ETH in the past week
According to Spot On Chain monitoring, three Ethereum Foundation-related wallets actively sold a total of 15,455 ETH in the past week. Among them, two main wallets of the Ethereum Foundation sold 200 ETH at a price of $3,724, totaling 744,722 DAI. Since the beginning of 2024, they have sold 2,166 ETH for 6.21 million DAI, typically before price declines; wallet 0xdb3 deposited 15,255 ETH (worth $55.6 million) to Kraken about three days ago at a price of $3,648. The ETH in this wallet comes from the Ethereum Foundation wallet and Ethereum ICO participants.
Insiders: Ethereum spot ETF issuers are still waiting for the first round of S-1 form comments from the US SEC
According to The Block, two insiders revealed that Ethereum spot ETF issuers are still waiting for SEC comments after submitting the first round of S-1 form drafts on May 31. The issuers originally expected the SEC to comment on these drafts by June 7. However, at least two issuers have not received any feedback. One insider stated that they now expect a response this week.
OKX Star: OKX address book feature needs improvement, will take full responsibility for customer losses due to platform issues
In response to a user clarifying that a new address appeared in the OKX account address book, OKX CEO Star Xu stated on social media that he often forgets addresses added a long time ago. If there are any questions, users are encouraged to contact customer service for verification. The OKX address book feature indeed needs improvement, such as displaying the addition time. Additionally, OKX will continue to take full responsibility for customer asset losses caused by its own issues.
DAO infrastructure Ink Finance completes over $5 million in a new funding round, with participation from P2 Ventures and others
Ink Finance, an infrastructure for building financial DAOs, announced on the X platform that it has completed a new funding round of over $5 million, with investments from Republic, Alliance, Blizzard Fund, P2 Ventures, GSR, DHVC, Draper Dragon, Bella, Aegis Ventures, Tido Capital, and others. Valuation information has not been disclosed. The new funds will be used to expand Web3 financial management, support reputable DAOs and protocols within DeFi, and bridge the gap between DeFi and TradFi, developing more efficient, fair, and inclusive financial infrastructure.
Data: Six Hong Kong virtual asset ETFs had a trading volume of approximately HKD 85.59 million today
According to Hong Kong stock market data, as of the market close, the trading volume of six Hong Kong virtual asset ETFs today was approximately HKD 85.59 million, including: Huaxia Bitcoin ETF (3042.HK) with a trading volume of HKD 35.44 million; Huaxia Ether ETF (3046.HK) with a trading volume of HKD 8.94 million; Harvest Bitcoin ETF (3439.HK) with a trading volume of HKD 16.41 million; Harvest Ether ETF (3179.HK) with a trading volume of HKD 3.24 million; Bosera HashKey Bitcoin ETF (3008.HK) with a trading volume of HKD 16.35 million; Bosera HashKey Ether ETF (3009.HK) with a trading volume of HKD 5.21 million.
Data: Bitcoin spot ETF had a total net outflow of $64.9318 million yesterday, marking the first net outflow after 19 days of net inflow
According to SoSoValue data, yesterday (Eastern Time June 10), Bitcoin spot ETFs had a total net outflow of $64.9318 million. Yesterday, Grayscale's ETF GBTC had a single-day net outflow of $39.5366 million, bringing its historical net outflow to $17.972 billion. The Bitcoin spot ETF with the highest single-day net inflow yesterday was Bitwise ETF BITB, with a single-day net inflow of $7.5910 million, bringing its historical total net inflow to $2.055 billion. Following that was BlackRock's ETF IBIT, with a single-day net inflow of $6.3433 million, bringing its historical total net inflow to $17.606 billion.
As of now, the total net asset value of Bitcoin spot ETFs is $61.447 billion, with an ETF net asset ratio (market cap compared to total Bitcoin market cap) of 4.48%, and the historical cumulative net inflow has reached $15.621 billion.
US SEC includes ProShares Ethereum spot ETF application for consideration
According to Cointelegraph, in a document dated June 10, the US SEC stated that NYSE Arca has proposed a rule change to allow the listing and trading of ProShares Ethereum ETF. The SEC indicated that it will seek public comments on the ETF application within 21 days after publication in the Federal Register and will approve, deny, or extend its decision timeline within 45 days.
Ripple completes acquisition of digital asset custodian Standard Custody & Trust Company
Ripple announced that it has completed the acquisition of New York-based crypto trust company Standard Custody & Trust Company, adding a limited-purpose trust company regulated by the New York Department of Financial Services to its license portfolio.
Additionally, Ripple announced the appointment of Jack McDonald as Senior Vice President of Stablecoins, while he will continue to serve as the current CEO of Standard Custody. Ripple has stated that once this acquisition is approved, it will be able to conduct cryptocurrency custody and settlement services.
Crypto.com receives approval from the Central Bank of Ireland to become a virtual asset service provider
Crypto exchange Crypto.com announced that it has received approval from the Central Bank of Ireland to become a virtual asset service provider (VASP). This approval was granted after a comprehensive review of Crypto.com's compliance commitments, including its anti-money laundering and counter-terrorism financing capabilities, allowing it to further provide services such as cryptocurrency exchange for fiat currency and fiat currency wallets in Ireland.
Gnosis DAO has passed the proposal to "implement a $30 million GNO buyback plan"
According to the Snapshot page, the Gnosis DAO community has passed the proposal to "implement a $30 million GNO buyback plan" with a support rate of 81.9%. The proposal suggests allocating approximately 5% of Gnosis DAO assets (mainly SAFE, ETH, and stablecoins) to fund the $30 million buyback plan, aiming to keep the price of GNO above its book value.
Crypto exchange Zipmex loses its license in Thailand due to financial pressure
The Thai Ministry of Finance revoked Zipmex's digital asset business license on May 28 due to the exchange's failure to comply with the Securities and Exchange Commission (SEC) directives.
The SEC stated that there were issues with Zipmex's financial status and management structure that could harm customer interests.
Insiders: Over 30 validators were kicked out of the Solana Foundation delegation program, most operators are Russian
According to CoinDesk, citing insiders, over 30 validators were kicked out of the Solana Foundation delegation program last weekend. Although they remain validators on the network, they are no longer eligible to receive rewards for validating transactions on the Solana blockchain. Another source stated that many operators are Russian. In total, 32 operators were removed, collectively holding 1.5 million SOL, accounting for about 0.5% of the staked plan.
"What are the interesting articles worth reading in the past 24 hours"
WSJ: We spoke with the "degenerate retail traders" behind the new wave of meme frenzy
The US stock market is filled with "degenerates."
Driven by amateur traders who call themselves "degens," a high-risk trading style is making a comeback. These traders are enthusiastic about high-risk trades that are known to have no relation to traditional investment evaluation methods. Some are willing to throw large amounts of cash into specific stocks or cryptocurrencies just to participate in a trend. Others are simply there to watch and have fun.
In their language, "Degen" can be a noun, adjective, or verb, popular mainly among young people. It is a self-deprecating identity, with some tracing it back to the term "degenerate gambler." Behind it is a spirit that celebrates bold market bets and questions investment norms: you only live once, so why worry about traditional financial advice?
ZKsync airdrop distribution latest news! How will it be distributed? Who is eligible?
The highly anticipated ZKsync airdrop distribution plan has been finalized. The ZKsync Association will conduct a one-time airdrop of 3.675 billion ZK tokens to early users and adopters next week, with 695,232 eligible wallets. The snapshot was taken on March 24, and community members can check their airdrop eligibility on the Claim.zknation.io website, and they can claim the airdrop from next week until January 3, 2025.
This airdrop accounts for 17.5% of the total supply of ZK tokens. Users will be able to claim their tokens starting next week until January 3, 2025. Contributors can claim starting June 24.
"Crypto President" team is growing, is a new global consensus coming?
2024 is a super election year, with key elections taking place in dozens of countries and regions, involving a total population of over 4 billion, with the US election undoubtedly being the focal point. However, unlike in the past, among all the super PACs participating in the 2024 US election, the topic of cryptocurrency ranks third in popularity.
Just four years ago, it was rare for presidential candidates to discuss Bitcoin in their campaigns. Three years ago, when El Salvador became the first country to adopt Bitcoin as legal tender, many were still on the sidelines. However, during last year's primaries, the situation began to change, and the era of crypto being politically marginalized seems to be over.
On one hand, former President Trump and current President Biden are making various efforts to win the support of crypto voters; on the other hand, many crypto companies plan to inject significant cash into the 2024 US presidential election, and there are already signs that this funding is helping the crypto industry gain more support in Washington.
