TVL of EigenLayer protocol exceeds $20 billion

The project is second only to Lido Finance, which has a figure of $36.7 billion. 💰

EigenLayer provides the ability to lock liquid staking tokens from other protocols to secure third-party blockchains. The team launched the mainnet on April 9. Prior to this, the solution interacted with users while operating in testnet mode.

Pavel Durov announced the launch of Telegram Stars digital currency

🗣 Rumors have been confirmed: the founder of Telegram announced the launch of the internal currency Telegram Stars for purchases in mini-applications on Android and iOS platforms 💫

👀 This concerns applications in the Telegram ecosystem that could not be monetized through Apple and Google services due to their payment policies. Telegram Stars will satisfy the demands of tech giants, and application developers will be able to offset their commission costs using Toncoin.

🚀 The $TON rate reacted to the news with growth, almost returning to the ATH reached two days earlier. Now, it has gone into correction, but we believe this is only temporary.

Bloomberg: Kraken Prepares for IPO

According to Bloomberg, Kraken has begun negotiations for a pre-IPO round to raise $100 million.💰

🔍 The exchange is also seeking a well-known company to join its board of directors and help it successfully conduct the IPO next year.

🔍 CryptoQuant analysts believe that Bitcoin can be safely bought at current prices, as whales continue to accumulate the asset.

💊 Medical company Semler Scientific announced the purchase of an additional 247 BTC for $17 million.

🤵🏻‍♂️ Former BitMEX CEO Arthur Hayes is very optimistic following news of rate cuts by the ECB and Bank of Canada and urges opening long positions on BTC, and then on altcoins. 💸

🇭🇰 The head of the Hong Kong regulator called Bitcoin an alternative financial asset. She stated that she disagrees with the claims of "most central banks and economists" about the first cryptocurrency's lack of intrinsic value.

The inflow of capital into spot Bitcoin ETFs continues – 18 consecutive "green" days.

💰 On 06.06, the funds inflow amounted to $217.78 million.

BlackRock's balance now holds 302,539 BTC, worth $21.4 billion.💵

🚨 Data Breach in Ambire Wallet!

👀 On June 5th, hackers infiltrated GetResponse, an email service provider partnered with Ambire Wallet.

🙀 23,723 users received phishing emails promising cryptocurrency giveaways (avoid clicking on the links!).

🔒"Ambire Wallet accounts remain secure."

Earlier, Tether CEO Paolo Ardoino warned about phishing emails from the compromised service provider.🧐

Elon Musk may leave Tesla if shareholders do not pay him a $56 billion bonus!

👀 Shareholders will vote on June 13, when the decision on the payout should be made.

🙀 At the same time, scammers launched over 35 streams on YouTube, posing as Elon Musk and promising cryptocurrency giveaways. They used AI to mimic Elon Musk's voice and make the scam giveaways more convincing. 🤔

The campaign was timed to coincide with the new test flight of SpaceX Starship to attract more attention. 🚀

Gary Gensler Says Ethereum ETF Launch Speed Depends Solely on Issuers

👀 SEC Chairman Gary Gensler announced that the pace of approving spot Ethereum ETF applications is entirely up to the issuers and their responsiveness to the agency's feedback.

Analysts interpret this as a sign that the SEC does not plan to intentionally delay the launch process. 🧐

On May 23, the SEC approved eight 19b-4 applications for ETFs, but they cannot begin trading without the approval of form S-1.

📉 BTC dropped below $68,500, and ETH dipped to $3,600 yesterday. Traders' positions worth $400 million were liquidated. The market plummeted due to poor unemployment data from the US. 🧐

🐳 An Ethereum whale, who bought 67,000 ETH during the Ethereum ICO in 2015 at $0.31 per coin, has transferred 15,200 ETH ($56.5 million) to Kraken today.

😎 Donald Trump once again reminded everyone that he is a champion for cryptocurrencies and criticized the Democrats' attempts to regulate the sector. He also called himself the Crypto President.

💰Kaiko analysts conducted a study among 43 crypto exchanges and created their own liquidity ranking: Binance remains the leader, Bybit is in second place, and Coinbase is third. 💵

Track AI Tokens!

🕵️‍♂️ Santiment analysts urge to keep an eye on tokens such as FET, OCEAN, AGIX, and TAO.

📈 The reason is the surge in public attention to the AI sector, which often leads to the growth of related tokens. 🧐

💪 Excited to share a game-changer: Dr. Catomemes! With its mining bot, you can earn valuable NFTs just by tapping. Take a chance to be among the first players and load your NFT collection!

🎁 +3k Mutagen as a welcome gift 🤩

🚨 Loopring Security Breach: $5M Stolen

Loopring announced a hack on its Guardian 2FA service, resulting in $5 million worth of tokens stolen. The hacker bypassed Loopring's Official Guardian, allowing unauthorized wallet recoveries. Wallets with multiple or third-party guardians were not affected.

🔒 Loopring has suspended Guardian and 2FA operations and is working with security experts and law enforcement to investigate. Users are advised to appoint multiple guardians for enhanced security.

South Korea to Start Regulating NFTs

🇰🇷 According to Yonhap, the Financial Services Commission of South Korea (FSC) will regulate certain NFTs as regular cryptocurrencies if they no longer possess unique qualities.

👀 The FSC may classify NFTs as cryptocurrencies if they are issued in bulk, can be fairly exchanged, divided, or used to pay for goods and services.

South Korea's law on digital asset regulation will come into effect on July 19.

💰 Over the past week, spot Bitcoin ETFs have added 25,700 BTC to their balances, while miners have only produced 2,250 BTC during this time.

🚀 The founder of DWF Labs believes in the beginning of altseason within a few months, provided BTC's price remains stable. Link

🥳 Binance announced that the number of its registered users has exceeded 200 million. The exchange's user base grew from 100 million to 200 million in 2 years.

👀 The founder of IO NET has stepped down as CEO. Shortly before his departure, he was caught lying about the project employing half a million GPUs, when in reality there were only ~20,000. Executive Director Tori Green will take over as CEO.

Gemholic Stole $3.5 Million from Its Users!

🙀 The Gemholic project on zkSync has scammed its users out of $3.5 million. 💰

Gemholic's funds were locked for over a year due to a contract error.

On June 7, zkSync completed an upgrade to v24, which resolved the issue and allowed access to the locked assets.

After the upgrade, Gemholic developers withdrew 921 ETH to the Ethereum network. 🤷

The Gemholic account on X was deleted, and the developers also cleared messages in Telegram.🧐

⬆️ Here’s how Bitcoin ETF balances have changed since the launch

💰 Inflows into cryptocurrency investment products from June 1 to June 7 amounted to $2.04 billion, including $1.973 billion in Bitcoin-based products. This is likely due to expectations of the Fed easing its monetary policy. 🧐

🐳 Whales and institutions continue to accumulate Bitcoin and Ethereum. Over the past month, 97,000 BTC ($6.75 billion) and over 500,000 ETH ($1.9 billion) have been withdrawn from crypto exchanges.

📈 The number of ETH whales with a balance of over 10,000 ETH has increased by 3% over the past 3 weeks. ✨

👀 At the same time, a whale held 3,800 MKR ($9.3 million) and 20,000 AAVE ($1.85 million) for about a year and today sent everything to Binance. 🤷

UwU Lend Hit by $20M Crypto Hack!

🚨 UwU Lend, a DeFi protocol, was hacked on June 10, losing nearly $20 million in an ongoing exploit.

🕵️‍♂️ The $14M exploit was first spotted by Cyvers, an on-chain security firm, who alerted UwU Lend on X. Within an hour, the losses surpassed $20M, affecting multiple assets like WBTC and DAI, which were converted to ETH.

🔍 The hacker funded the attack via Tornado Cash, executing three malicious transactions in six minutes. Cyvers' founder, Meir Dolev, confirmed the incident is still under investigation.

💰 2024 is shaping up to surpass 2023 in crypto hacks, with $542.7M stolen in Q1 alone, a 42% increase from last year. Rising crypto valuations and easier targets like private key leaks are contributing to the surge.

Solana Blocks Validator Group for "Sandwich Attacks"

🚫 Solana has blocked a group of validators for participating in "sandwich attacks" on network users.

👀 Anyone caught engaging in such activities will be removed from the program, and any stake will be immediately and permanently deleted.

🥪 A "sandwich attack" is a common market manipulation tactic on DEX exchanges. Traders monitor the mempool for large orders that will likely raise the asset price. They buy the asset at a lower price, pushing their transaction through with a higher fee, then sell at a profit after the price increases. This process is automated and takes just seconds.

📢 UK Crypto Exchange Halts Trading After $22M Security Breach

🇬🇧 Lykke, a UK-based crypto exchange, has shut down trading on June 6 due to “unauthorised access” to its platform. The closure follows a hack that resulted in $22 M in suspicious outflows.

🦊 MetaMask developer Taylor Monahan confirmed that the stolen funds included half in Bitcoin and the rest in ETH, LTC, and BCH. Onchain data reveals the Ether was swapped for DAI stablecoin, while the Bitcoin was divided among several wallets to obscure the transaction trail.

💰 Lykke, which recorded $2.5 million in volume last month, currently has its users unable to withdraw their assets, with many reporting empty account balances. CEO Richard Olsen assured customers that their funds are safe and that the exchange is investigating the breach.

👀 The website now displays a message indicating maintenance due to security issues. Lykke is the second exchange hacked recently, following a $320 M theft from DMM Bitcoin on May 31.

📢 ZKsync to Airdrop 3.6 Billion ZK Tokens Next Week!

⬅️➡️ The ZKsync Association is gearing up to distribute 3.675 billion ZK tokens to early users and adopters of their Ethereum Layer 2 network next week. This one-time airdrop represents 17.5% of the total ZK token supply of 21 billion tokens.

🔹 Key Details:

▪️Eligibility: Based on a snapshot taken on March 24, 2024, marking the ZKsync Era mainnet’s one-year anniversary.

▪️Distribution: Users (89%) and contributors (11%).

▪️Claim Period: Starting next week until January 3, 2025. Contributors can claim from June 24.

🔹 Token Allocation:

▪️Ecosystem Initiatives: 49.1%

▪️Investors: 17.2%

▪️Matter Labs Team: 16.1%

▪️Experimental Communities: <0.5%

💪 The ZKsync Association emphasizes that the community will hold the largest supply of liquid tokens for protocol governance upgrades once the ZKsync governance system launches.

The record series of inflows into spot Bitcoin ETFs has ended.

💰 On June 10, Investors withdrew $64.9 million from spot Bitcoin ETFs, breaking the positive trend observed over the past 19 days 🧐, according to SoSoValue.

🌊 During the longest wave, BTC-ETFs saw about $4 billion in inflows, with a total of $15.62 billion since the approval of these instruments in January.

👀 Clients of Grayscale's GBTC reduced their positions by $40 million, Invesco's BTCO by $20 million, and Valkyrie's VKRR by $16 million. Other products either saw no changes or minor inflows. For instance, Bitwise's BITB attracted $8 million, and BlackRock's IBIT brought in $6 million.

📝 The sentiment was influenced by an unfavorable employment report in the US. Following the release of macroeconomic data, the price of Bitcoin fell below $70,000 and has since dropped below $68,000, while Ethereum has fallen below $3600. 📉