Covalent (CQT) raised $5M in a strategic funding round
The funding was led by RockTree Capital with Moonrock Capital, CMCC Global, and Double Peak Group participating. Previously, Artur Hayes joined Covalent as advisor to help it to become the leading data infrastructure startup within the Ethereum ecosystem.
👉 theblock.co/post/301902/blockchain-data-infrastructure-firm-covalent-raises-5-million-in-strategic-funding
Vitalik introduced a company named Rarimo, based in Kyiv, Ukraine
Rarimo developed a “Freedom Tool,” which uses zero-knowledge proof tech to allow people to prove their citizenship and participate in voting without revealing identities. This system ensures that the results are tamper-proof and visible.
👉 cryptoslate.com/buterin-argues-for-blockchain-as-defense-against-efficiency-of-authoritarian-regimes/
Top-15 tokens by Current ROI launched in Q2 2024
Among the top performers are Donato Creator Token, the creator token for the Donato (YouTuber with 40M subs), Lista, the liquidity protocol for earning yields and borrowing of decentralized lisUSD, and TARS Protocol, an AI-driven, scalable Web3 infrastructure.
Crossover Markets raises $12M Series A Funding Round
Illuminate Financial and DRW Venture Capital led the financial round. Other investors include Flow Traders, Laser Digital, Two Sigma, and others. Crossover Markets provides an advanced trading platform with ultra-low-latency and high throughput capabilities.
👉 x.com/crossover_mkts/status/1805859803392004534
Conduit has closed a $37M Series A funding round
The funding was led by Paradigm and Haun Ventures with Bankless Ventures, Coinbase Ventures, Robot Ventures, and Credibly Neutral participating. Conduit is an infrastructure platform offering users to deploy production grade OP Chains in minutes with zero operations.
👉 x.com/KAndrewHuang/status/1805632313759514783
Plume Network launches the first season of its Testnet Campaign
During the campaign, users will be able to create Plume Passports and earn Plume Miles with additional multipliers, rewards, sweepstakes, and more to be announced later. Users can mint one of Plume Goon NFTs exclusively via CryptoDiffer invite link.
👉 plumenetwork/join-the-plume-goon-adventure-68a58c72d8d0">medium.com/@plumenetwork/join-the-plume-goon-adventure
Clearpool (CPOOL) announced an integration with Synnax Technologies
Synnax will provide predictive credit intelligence, including financial ratios, default probabilities, company status predictions, and credit signals for Clearpool lenders. Clearpool is the leading decentralized finance credit marketplace.
👉 x.com/ClearpoolFin/status/1805587212664467806
Solana Foundation released new tool, dubbed "Actions"
Actions tool enables its users to turn websites, apps, social media platforms and QR codes into launching points for crypto transactions on the Solana blockchain. The foundation also introduced “blinks” — a portmanteau of blockchain and links.
👉 theblock.co/post/301693/solana-foundation-targets-turning-any-website-or-app-into-starting-point-for-crypto-transactions
Top-15 Monthly Social Volume Gainers
Social Volume refers to the overall count of social media messages, posts, and metadata from the internet that include terms related to a specific cryptocurrency project.
Bondex (BDXN) initial listing has been rescheduled to July 10th
For a limited time, Bondex is offering Coinlist purchasers an opportunity to earn up to 205% APY in rewards by locking tokens before the initial listing. 30 days - 65% APY. 60 days - 112% APY. 90 days - 205% APY. Bondex is a Web3 Professional network.
👉 cform.coinlist.co/forms/29bf83d3-a1bb-440f-b465-f1fd652f5ce5
RunesTerminal (RUNI) will hold its initial listing on Gate
RUNI trading will start on June 26th, 8:00 UTC. To celebrate the listing, Gate will airdrop 42,328 RUNI to users. Initial price is 1 RUNI = $0.95. Initial Valuation is $19.8M. Runes Terminal is the launchpad supporting the new Bitcoin token standard, Runes.
👉 gate.io/announcements/article/37384
Crypto Events Recap, June 22-24
👉 cryptodiffer.com/feed/project-updates/crypto-events-recap-june-22-24-2024
Layer 2 dApps by the number of users growth in the last 30D
Among the top performers are Juice Finance, a Cross-Margin DeFi protocol, Uniswap V2, a leading decentralized exchange, and Revox, a modular onchain AI network and content distribution platform.
Ponder (PNDR) released Platform Beta and Community Airdrop
Beta version includes swapping and bridging functionalities. In the next phase, Ponder will integrate staking, borrowing and lending opportunities. Ponder is developing a platform that compares a broad array of products, powered by AI and EigenLayer.
👉 medium.com/@ponder-one/ponders-community-race-airdrop-is-almost-here-63bef1a0af16
Natix Network (NATIX) launches its token via KuCoin BurningDrop
The subscription will take place on June 25th. KuCoin users will be able to mine NATIX by staking KCS on June 26 - July 16. Tokens Allocated for the platform: 200M NATIX. NATIX Network is the AI-powered dynamic map supercharged by DePIN.
👉 kucoin.com/announcement/en-natix-network-natix-is-available-on-burningdrop
Top 15 projects by positive market sentiment on Oriole Insights
Oriole Insights is a gamified prediction platform harnessing collective wisdom. The list of projects by Bullish expectations with a minimum of 50 predictions and 500 ORI pooled.
👉 https://app.orioleinsights.io/projects
TeleportDAO (TST) to be initially listed on Kucoin, Gate, and Bitget
The TST trading starts on June 27th at 8:00 AM UTC. Deposits are now live. Initial Circulating Supply is 130.4M TST (13% of Total Supply). TeleportDAO is a light-client bridge connecting Bitcoin to Bitcoin L2s and EVM chains, allowing EVM dApps to utilize BTC data.
👉 kucoin.com/announcement/en-teleport-system-token-tst-gets-listed-on-kucoin-world-premiere
Blast (BLAST) initial listing to take place on major exchanges on June 26th, 14:00 UTC
Bybit, KuCoin, UPbit, Gate, HTX, Bitget, and MEXC Global have already announced the listing. Total BLAST supply is 100B tokens with 50% allocated to community. Blast is an Ethereum Layer 2 with native yield for ETH and stablecoins.
👉 x.com/Blast_L2/status/1805630569830924310
Sophon (SOPH) announced the launch of new farming pools
Among them are Zentry (stZENT), ether.fі (ETH, wETH, eETH & weETH), Lido (ETH, wETH, stETH, wstETH). 10% of the total SOPH supply will be designated as rewards. Sophon is a community-driven ecosystem leveraging zkSync's Hyperchain technology.
👉 x.com/sophon/status/1805619105170412014
DAILY CRYPTOMARKET REVIEW
Total Market Capitalization: $2.39T (+1.15%)
BTC Price: $61,438 (+0.88%)
BTC Dominance: 50.7% (+0.10%)
Fear & Greed Index: 46 (Neutral)
Total Value Locked: $155B (+0.37%)
Solana accelerator Colosseum raised $60 million for its first fund
Colosseum raised $60 million for its first “oversubscribed” fund to back early-stage startups in the Solana ecosystem. Colosseum’s accelerator is a six-week, online program for hackathon winners to become embedded in the Solana ecosystem.
👉 theblock.co/post/301795/solana-accelerator-colosseum-first-fund
Top 15 Staking Providers by Total Assets Under Management
The ranking shows the cumulative worth of all the assets entrusted to the provider's management, encompassing various forms of staking and delegation activities. A higher AUM (Assets Under Management) suggests substantial user trust, while a lover AUM might indicate a more specialized or selective approach.
STATE OF THE STAKING
According to StakingRewards, the Staking Market Cap (the valuation of all projects with a staking mechanism) is currently at 299.97 Billion USD.
We have prepared the list of projects sorted by the USD value of the staked tokens. The list shows the Top 5: Ethereum, Solana, Cardano, Sui, and Avalanche.
XOXNO Network to conduct its token sale on X Launchpad
EGLD Staking and KYC phase is live until July 1st. Based on the staked amounts, the user will be assigned one of the following tiers (from Tier 1 to Tier 5). XOXNO sale price - $0.07. Sale Hard Cap - $875K. XOXNO is an NFT Marketplace on MultiversX.
👉 xlaunchpad.com/xoxno
Defunct exchange Mt. Gox to begin repayments in July
The repayments will be made in BTC and BCH. In early 2014, hackers attacked the exchange, resulting in the loss of an estimated 740K BTC ($15B at a current rate). Mt. Gox was the world’s top exchange, handling over 70% of all BTC transactions in its early years.
👉 coindesk.com/markets/2024/06/24/mt-gox-to-begin-bitcoin-bitcoin-cash-repayments-in-july/
DAILY CRYPTOMARKET REVIEW
Total Market Capitalization: $2.36T (-0.91%)
BTC Price: $60,796 (-2.42%)
BTC Dominance: 50.6% (-1.00%)
Fear & Greed Index: 30 (Fear)
Total Value Locked: $154B (-0.21%)
The biggest Fundraising Rounds conducted in the last 7 Days
Projects that received the most funding are Renzo ($17M), an Ethereum restaking protocol, Particle Network ($15M), a Web3 data and development platform, and Sonic ($12M), a Solana Layer 2.
Infrared, a liquid staking protocol on Berachain has received an investment from Binance Labs
Earlier this year, Infrared raised $2.5 million in a seed funding round from NGC Ventures, Tribe Capital, Shima Capital, and Signum Capital. Infrared is a Berachain liquid staking protocol for BGT, BERA, node infrastructure, and PoL vaults.
👉 binance.com/en/blog/ecosystem/binance-labs-invests-in-infrared
Top 15 projects by positive market sentiment on Oriole Insights
Oriole Insights is a gamified prediction platform harnessing collective wisdom. The list of projects by Bullish expectations with a minimum of 50 predictions and 500 ORI pooled.
👉 https://app.orioleinsights.io/projects
MetalCore (MCG) will hold its IDO on Bybit Web3
The subscription period is now live on Bybit Web3. The MCG token price is $0.02. IDO Hard Cap - $150,000. Snapshot period - June 25-28. MetalCore is a combined arms PVP shooter. Previously it became the first playable game on Immutable zkEVM blockchain.
👉 bybit.com/en/web3/ido/detail/30048