Blast Layer 2 Unveils Tokenomics and BLAST Airdrop
TL;DR Ethereum’s Layer 2 network Blast will launch its native token and airdrop 17% of its supply. Blast is the 6th largest blockchain with $1.65 billion in TVL…
blockchain
Solana ZK Compression: Revolutionizing Blockchain Efficiency
TL;DR Solana introduces ZK Compression to reduce costs and improve scalability. The technology uses zero-knowledge proofs to maintain data integrity. The community debates whether…
Bitcoin Falls Near $64,000 Due to Massive ETF Withdrawals and German Government Movements
TL;DR Bitcoin price fell close to $64,000 due to major withdrawals from spot ETFs in the US. Selling pressure could also be influenced by…
LayerZero’s Donation Mechanism Controversy Causes Drop in ZRO Token
TL;DR The controversy over LayerZero’s token claim mechanism has caused a 19% drop in the value of the ZRO token. LayerZero implemented a “Proof…
Bitcoin ETFs Turbulence: Net Outflows of $226.21M
TL;DR Bitcoin ETFs recorded net outflows of $226.21 million on June 13. Fidelity’s FBTC ETF led the outflows with $106.45 million. The only ETF…
Ripple Challenges SEC’s $2 Billion Fine, Citing Terraform Labs Case
TL;DR Ripple argues that the SEC’s proposed fine is disproportionate compared to the Terraform Labs case. The SEC sought a $2 billion fine against…
UwU Lend Hit by Second Hack in One Week, Total Losses Reach $23 Million
TL;DR UwU Lend has suffered two hacks in one week, with total losses of $23 million. The most recent attack, identified by Slowmist, resulted…
Elon Musk Revolutionizes X with Private Likes, Gains Support from Dogecoin Co-Founder
TL;DR Elon Musk announces that likes on X (formerly Twitter) are now private, only visible to account owners. Billy Markus, co-founder of Dogecoin, praised…
Solana’s Innovative Leap into Real-World Asset Tokenization and Brand Loyalty
TL;DR Asset Tokenization: Solana is expanding its blockchain capabilities to include the tokenization of real-world assets like U.S. Treasuries, real estate, and physical goods,…
Arthur Hayes Joins Covalent to Develop Ethereum Wayback Machine
TL;DR Arthur Hayes, co-founder of BitMEX, joins Covalent as a strategic advisor. The Ethereum Wayback Machine project will ensure the long-term preservation of Ethereum…
U.S. Bitcoin ETFs Face Significant Fund Outflows Amid Economic Uncertainty
TL;DR U.S. Bitcoin ETFs recorded a net outflow of $200.31 million on June 11. Despite recent outflows, the cumulative net inflow remains positive at…