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Nuffle Labs has secured $13 million in a Strategic funding round
The funding was led by NEAR Foundation and Electric Capital. Additional funding came from Canonical Crypto, Fabric Ventures, Robot Ventures, and other angel investors. Nuffle Labs builds out NEAR’s Data Availability Layer, the NEAR Fast Finality Layer, and other tools in the NEAR modular product suite.
👉 theblock.co/post/299845/near-foundations-new-independent-entity-nuffle-labs-raises-13-million-in-funding
Top-15 Total Value Locked (TVL) gainers in the last 30 days
Among the top performers are Pencils Protocol, a platform that offers auction services for blockchain native assets and RWAs, Colend Protocol, a borrow protocol on the Core blockchain, and Puff Penthouse, a memecoin farm on Mantle.
Curve founder faces liquidation after sharp CRV price drop
According to Arkham, Michael Egorov is close to seeing $140M of CRV liquidated. He borrowed around $95.7M in stables, primarily crvUSD, against $141M in CRV. According to the latest updates, Egorov’s $20.2M position on UwULend has been liquidated.
👉 theblock.co/post/299864/curve-founder-loan-positions-liquidation-risk
Moonbeam (GLMR) launches a $13M funding initiative
The $13M package is focused on gaming & RWA tokenization and consists of a $10M innovation fund, $1.5M in Moonbeam eco grants, and $1.5M in Moonriver grants. Moonbeam is a Polkadot-based smart contract platform for building cross-chain apps.
👉 moonbeam.network/news/usd13m-in-funding-fueling-ecosystem-growth-for-gaming-rwas-and-moonriver
DAILY CRYPTOMARKET REVIEW
Total Market Capitalization: $2.59T (+0.22%)
BTC Price: $67,635 (+0.37%)
BTC Dominance: 51.5% (0.00%)
Fear & Greed Index: 70 (Greed)
Total Value Locked: $164B (+0.23%)
Top-15 Cross-Chain Bridges by volume in the last 30 days
A cross-chain bridge is a type of decentralized application that enables the transfer of assets from one blockchain to another.
Lido introduces the Restaking Vaults in collab with Symbiotic and Mellow Finance
A Lido DAO initiative offers Lido's partnering with Mellow, a yield generation platform with restaking "vaults," and Symbiotic, a restaking protocol. Under this initiative, traders will gain access to restaking tools that could help return Lido stETH to center stage.
👉 coindesk.com/tech/2024/06/11/lido-introduces-restaking-vaults-in-collaboration-with-symbiotic-mellow-finance
Layer3 has announced a closure of a $15M Series A funding round
ParaFi and Greenfield Capital co-led the Series A funding round. Other investors include Electric Capital, Immutable, Lattice, Tioga, LeadBlock, and Amber. Layer3 is a token distribution protocol.
👉 theblock.co/post/299755/layer3-funding-token-launch-airdrop
Top 15 Projects by Network Growth over the past 30 days
Network growth shows the percentage increase in new addresses that transferred a given token for the first time in the selected period compared to the previous one.
Ava Protocol closed a $10 million Seed funding round
The Seed and Seed+ funding round investors include Electric Capital, Taisu Ventures, Bloccelerate VC, BingX, and Shima Capital. Ava Protocol (formerly OAK Network) develops core Web3 infrastructure for intent-based private autonomous transactions.
👉 https://finance.yahoo.com/news/ava-protocol-lands-10m-funding-084706265.html
Aethir (ATH) initial listing took place on multiple exchanges
ATH token current price is $0.0775. Diluted Market Cap is $3.25B. Aethir is an enterprise-grade GPU-as-a-service provider that offers a novel solution to the compute shortage supporting the growth of GPU-reliant sectors like Al and gaming.
👉 x.com/AethirCloud/status/1800831629687951400
KIP Protocol (KIP) unveiled OCU: AI-powered education platform
Open Campus U (OCU) brings decentralized AI learning to the EDU Chain specifically designed for AI to connect to each educator's existing knowledge base seamlessly. This allows OCU to create a dynamic, chatbot-like experience for learners.
👉 kip.pro/blog-posts/open-campus-u-ocu
Runes Terminal (RUNI) will hold its IDO on ChainGPT Pad
Sale date and price to be announced soon. IDO Hardcap is $175K, with a 50% unlock at TGE followed by 2M vesting. Diluted Valuation is $19.8M. Runes Terminal is the launchpad, supporting the new token standard, Runes, to build a gate between EVMs and Bitcoin.
👉 pad.chaingpt.org/buy-token/98
XION brings Chain Abstraction to Solana via Picasso Network
The integration will increase cross-ecosystem liquidity and make it easier for users to interact with Solana-based applications without the complexities typically associated with Web3. XION, developed by Burnt, is a Layer 1 purpose-built chain for consumer adoption.
👉 x.com/burnt_xion/status/1800530814670913980
Marlin (POND) has announced a collaboration with Symbiotic
Kalypso, Marlin's mechanism-agnostic ZK proof marketplace, will collab with Symbiotic to secure decentralized prover networks with restaked ETH. Marlin is a verifiable computing protocol featuring TEE and ZK-based coprocessors.
👉 x.com/MarlinProtocol/status/1800532308665290852
RunesTerminal (RUNI) will hold its IDO on CV Pad on June 18th
The registration period is now live. RUNI sale price - $0.945. Sale Hard Cap - $30K. Initial Marketcap - $1.39M. Diluted Valuation - $19.8M. Vesting - 50% at TGE, then linear vesting over 2 months. RunesTerminal is an infrastructure provider on Bitcoin.
👉 medium.com/@runesterminal/runesterminal-ido-on-cv-pad-detailed-timeline-and-what-to-expect-90d907ae4abf
Ripple has unveiled Ripple USD (RLUSD) stablecoin
Ripple USD is a 1:1 USD-backed stablecoin on XRP Ledger and Ethereum. Ripple hasn’t specified a launch date, but it is expected to take place later this year. Ripple is a fintech company that builds payment systems, while XRP is an independent digital asset.
👉 x.com/Ripple/status/1800891713084613039
Cookie3 (COOKIE) conducted its listing on multiple exchanges
COOKIE token trading is now live on Bybit, KuCoin, Gate, MEXC Global & Bitget. Current Price is $0.122. Market Capitalization is $7.2M. Diluted Valuation is $122M. Cookie3 is building a set of MarketingFi platforms and Web3 AI marketing solutions.
👉 x.com/Cookie3_com/status/1801194114903675388
Terraform Labs to pay $4.47B to resolve a lawsuit filed by SEC
Under the proposed judgement Terraform would pay $3.58B in disgorgement, $420M in a civil penalty and block Do Kwon from becoming an director of any public firm. Kwon would also have to pay about $204 million toward a harmed investors.
👉 theblock.co/post/299820/terraform-agrees-to-pay-4-47-billion-in-proposed-judgment-with-the-sec
Crypto Events Recap, June 11-12
👉 cryptodiffer.com/feed/project-updates/crypto-events-recap-june-11-12-2024
MetaMask has rolled out a pooled staking service for Ethereum
Users will be able to stake any amount of ether to contribute to Ethereum network security and earn validator rewards. The pooled staking service is being rolled out in phases, available to a portion of eligible users from today excluding US and UK users.
👉 theblock.co/post/299709/metamask-pooled-staking-ethereum
Arthur Hayes joins Covalent as a strategic advisor
Hayes seeks to help Covalent become the leading infrastructure startup and to serve the artificial intelligence industry. Founded in 2019, Covalent provides data infrastructure for over 225 networks, including Bitcoin and Ethereum.
👉 theblock.co/post/299535/arthur-hayes-covalent-advisor-cqt-token
Cookie3 will hold COOKIE initial listing on June 13th, 10:00 UTC
Bybit, KuCoin, Gate, MEXC Global, and Bitget have already announced COOKIE’s upcoming initial listing. Initial Valuation is $28M. Initial COOKIE price is $0.028. Cookie3 is building a set of MarketingFi platforms and Web3 AI marketing solutions.
👉 x.com/Cookie3_com/status/1800840672913805503
Web Traffic Spotlight in May: Decentralized Exchanges
Web traffic info shows how many users visited a website. The website viewership helps understand the popularity of the website, website audience geography, and other valuable details.
Data provided by similarweb.com
CARV (CARV) introduced Mobile Infinite Play
Mobile Infinite Play enables users to participate in multiple exclusive mobile events and challenges via the CARV mobile application on the App Store and Google Play. Carv is a data layer platform allowing Web3 gaming and AI companies to control and monetize their data.
👉 x.com/carv_official/status/1800511949073272948
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
Mistral AI has closed its Series B funding at a $6B valuation
The project raised €600M from Lightspeed Venture Partners, Andreessen Horowitz, Nvidia, Salesforce Ventures & others. Co-founded by alumni from Meta and Google, Paris-based AI startup is working to rival the best-performing AI models today.
👉 techcrunch.com/2024/06/11/paris-based-ai-startup-mistral-ai-raises-640-million/
DAILY CRYPTOMARKET REVIEW
Total Market Capitalization: $2.58T (-0.18%)
BTC Price: $67,415 (+0.12%)
BTC Dominance: 51.5% (+0.10%)
Fear & Greed Index: 72 (Greed)
Total Value Locked: $164B (-1.21%)
Zesh (ZESH) has revealed its integration with Arbitrum (ARB)
Arbitrum will be integrated into Zesh Portal, a zkML AI-driven SocialFi solution, to run campaigns, engage in on-chain tasks, and issue rewards in ETH on Arbitrum network. Zesh is an AI-powered SocialFi tool suite using zkML to enhance engagement in Web3.
👉 x.com/ZeshApps/status/1800485162414706738
Blocklords teases the Dynasty with 650K LRDS up for grabs
Powered by BASE, Dynasty offers a unique gaming experience with account-based smart wallets, subsidized free daily transactions, and a next-gen matchmaking system. Blocklords is a player-driven MMO medieval grand strategy game with GameFi activities.
👉 x.com/BLOCKLORDS/status/1800158011140227305
