Wasabi has raised $3M in a seed funding round led by Electric Capital

Wasabi, a memecoin and NFT leverage trading protocol, announces the closure of its $3M seed funding led by Electric Capital. Additional round participants included Alliance, Memeland, Spencer Ventures, Coingecko Ventures, Canoncial Crypto, Sharding Capital, and several angel investors. With fresh funding in hand, Wasabi plans to expand its current team. Wasabi is a DeFi protocol that lets users trade memecoins and NFTs with leverage.

👉🏻 theblock.co/post/300465/memecoin-leverage-trading-protocol-wasabi-funding

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​​TOP DeFi Projects by Social Activity

Posts. Posts measures the number of social posts across all social channels.

Interactions include socially-driven engagements and actions such as likes, comments, retweets, and upvotes.

Social Dominance. Social dominance calculates the "share of voice" across all social media data.

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​​Hashkey has unveiled its plans to list its platform token in Q3 of this year

HashKey Group announces that it plans to list its platform $HSK token in the third quarter of this year. Moreover, the firm will conduct a community airdrop later this month. Back in April, HashKey Group introduced HashKey Chain, a zero knowledge-proof Layer 2 chain, with the testnet scheduled to go live within the next six months, and mainnet within a year.

👉🏻 theblock.co/post/300569/hashkey-token-airdrop

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​​Top Ethereum Layer 2 Projects by Total Value Locked (TVL)

TVL is the overall value of crypto assets deposited in Ethereum Layer 2 networks. The overall TVL among all projects now equals $42.8B with Arbitrum $ARB, Base, Optimism $OP, Blast, and ZKsync Era $ZK making the top leaders.

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​​Mystiko.Network (XZK) goes live on Bybit, Bitget, and other exchanges

Trading for $XZK is now live on Bybit, Bitget, Gate, MEXC, and Coinlist Pro! The project has previously conducted its $XZK token sale on the Coinlist platform. Mystiko.Network is the zero-knowledge technology layer of Web3 which provides a universal ZK protocol backed by Sequoia Capital, Samsung Next, Hashkey, Mirana, Coinlist, Morningstar Ventures, and others. The project has been also selected to participate in esteemed programs such as Binance MVB, Chainlink Startup, Polygon Ecosystem and Coinlist Seed.

👉🏻 x.com/Bybit_Official/status/1801555180061704648

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​​Coin of the Day by Market Sentiment - 1inch (1INCH)

1inch is a decentralized exchange aggregator that aims to provide traders with the best price and lowest fees on their transaction.

Predict 1INCH price movements on Oriole Insights
👉🏻 app.orioleinsights.io/projects/1inch

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​​Nuklai (NAI) has joined forces with The Posemesh to accelerate AI research

Nuklai announces a partnership with Posemesh, a decentralized spatial computing protocol for AI, AR, the metaverse, and smart city applications. This integration aims to bolster the growth of AI technologies by providing decentralized SpatialData. Nuklai is the Layer 1 for data collaboration, sharing, and monetization that powers AI and LLMs.

👉🏻 x.com/NuklaiData/status/1802702845386354726

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​​Renzo (REZ) has raised $17M through two investment rounds

Liquid restaking protocol Renzo raises $17M via two funding rounds led by Galaxy Ventures and Brevan Howard Digital. Among other investors are Consensys, Maven 11, Figment Capital, Protagonist, SevenX Ventures, Bankless VC, 280 Capital, L2 Iterative Ventures, and Antalpha Ventures. Renzo is a liquid restaking protocol with more than $3.5B in total value locked, backed by Binance Labs, Maven 11, OKX Ventures, Paper Ventures, and others.

👉🏻 coindesk.com/tech/2024/06/18/renzo-capitalizes-on-restaking-frenzy-to-raise-17m-from-galaxy-brevan-howard

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​​Sonic has raised $12M in its Series A funding round led by Bitkraft Ventures

Sonic, developed by Mirror World, has closed a $12M Series A round led by Bitkraft Ventures, with participation from Galaxy Interactive, Big Brain Holdings, OKX Ventures, Mirana, Sanctor Capital, and Sky9 Capital. The round brought Sonic’s fully diluted token valuation to $100M and total capital raised to $16M. Sonic is the first atomic SVM Layer 2 built to enable sovereign game economies on Solana $SOL.

👉🏻 x.com/SonicSVM/status/1803050032448311308

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​​Gaimin (GMRX) partners with QORPO to bring Citizen Conflict to its platform

Gaimin has joined forces with the QORPO World game studio to bring Citizen Conflict to GАІMІN GG. Users can now play Citizen Conflict, a hero shooter game through the GАІMІN GG Web3 gaming platform. Backed by CoinMarketCap, Morningstar ventures, Shima Capital, and others, Gaimin is a base layer for game developers to build NFTs, blockchain functionality, and white-label gaming tokens into their games.

👉🏻 x.com/GaiminIo/status/1803033533163659617

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​​Ronin discloses its plans to enable zkEVMs on its blockchain network

Ronin intends to enable zero-knowledge Ethereum Virtual Machines on its mainnet. This innovation will allow builders to launch their own Layer 2 chains on top of Ronin, providing more accessible gaming experiences on Ronin. Moreover, developers will soon be able to leverage the Polygon Chain Development Kit to create their own zkEVM chains on Ronin. Ronin is a blockchain network optimized for gaming and the host of the Axie Infinity game.

👉🏻 roninchain.com/blog/posts/introducing-ronin-zkevm

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​​Crypto News Digest: Key Updates You Need to Know

This digest provides a quick overview of the most significant cryptocurrency news, that's worth your attention.

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​​TOP 10 dApps on BNB Chain by Volume (30d)

A decentralized application (dApp) is a program built on blockchain that combines a smart contract and a front-end user interface. We present the top dApps on #BNBChain by volume in the last 30 days, according to the data from DappRadar.

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LayerZero has kicked off $ZRO airdrop checker and will open claim on June 20th

LayerZero Foundation unveils a checker for the $ZRO airdrop eligibility. The company will reward 1.28M users, ranking their allocation by number of transactions, number of networks, and overall place in the top wallets. The first eligibility snapshot was finalized on May 1st, at 11:59 PM UTC.

Among exchanges that have already announced a $ZRO listing are Bybit, OKX, and KuCoin with more to come. LayerZero is an omnichain messaging protocol that has raised $263M from investors including a16z, Sequoia, Binance Labs, and Circle Ventures.

👉🏻 x.com/LayerZero_Fndn/status/1803294040068165809

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​​SEC has announced the closure of its investigation into Ethereum 2.0

ConsenSys, a blockchain development firm behind MetaMask and Linea, reported that the Enforcement Division of the SEC is closing its investigation into Ethereum 2.0. This means that the SEC will not bring charges alleging that sales of ETH are securities transactions. The decision follows a recent move by ConsenSys that sued SEC over its recent lawsuit that determined MetaMask as an unlicensed broker dealer and exerts jurisdiction over Ethereum.

👉🏻 x.com/Consensys/status/1803230653120659641

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​​Top Projects by Total Staked Value

Staked Value represents the total USD value of all tokens participating in staking.

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​​Binance Labs has invested in Rango, a cross-chain DEX and bridge aggregator

Binance Labs, the venture capital and incubation arm of Binance, announces its latest investment in Rango, a cross-chain decentralized exchange and bridge aggregator. With funding and assistance from Binance Labs, Rango Exchange will be supported to propel the multi-chain ecosystem. Rango currently supports over 60 blockchains, 70+ DEXes, and 20+ bridges, with a total transaction volume exceeding $3B.

👉🏻 binance.com/en/blog/ecosystem/binance-labs-invests-in-rango-to-enhance-crosschain-swap-and-bridge-for-billionuser-expansion-1359034037599198149

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​​Top Ethereum Layer 3 Projects by Total Value Locked (TVL)

TVL is the overall value of crypto assets deposited in Ethereum Layer 3 networks. The overall TVL among all projects now equals $69.3M with MXC $MXC, Sanko $DMT, Degen $DEGEN, Xai $XAI and Proof of Play making the top leaders.

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​​RunesTerminal (RUNI) will hold its IDO on Runespad on June 21st

RunesTerminal has announced its upcoming IDO on Runespad that will go live on June 21st, at 14:00 UTC. Users can now complete the registration process. The project has previously announced its IDOs on Seedify, ChainGPT Pad, and CV Pad. RunesTerminal is the first launchpad supporting the new Bitcoin token standard - Runes, backed by Cogitent Ventures, CMS, GBV Capital, Waterdrip, X21 Digital, and more.

🔸IDO Price: $0.945
🔸IDO Hardcap: $80,000
🔸Fully Diluted Market Cap: $19,845,000

👉🏻 medium.com/@runesterminal/runesterminal-ido-on-runespad-the-essentials-fc6f0523aea6

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​​Gaming & Metaverse Projects by Social Activity

Posts. Posts measure the number of social posts across all social channels.

Interactions include socially-driven engagements and actions such as likes, comments, retweets, and upvotes.

Social Dominance. Social dominance calculates the "share of voice" across all social media data.

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​​Sophon kicks off $SOPH farming with 10% of the total supply in rewards

Sophon announces the launch of the $SOPH farming period, with 10% of the $SOPH token supply in rewards (6% for the farming period on Ethereum, and 4% on Sophon mainnet). Users can now deposit their $BEAM and $BEAM/ETH LP assets into various pools and accumulate Sophon points (SP). Moreover, stakers can further earn SP by activating optional boosters and reserve their share of the $SOPH airdrop.

Sophon is a modular rollup leveraging zkSync’s Hyperchain technology that has recently raised $10M in funding led by Paper Ventures and Maven 11.

👉🏻 x.com/sophon/status/1803126547890511930

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