Monthly Market Insights - June 2024 — Binance Research
Binance
Monthly Market Insights - June 2024
A summary of the most important market developments, interesting charts and upcoming events.
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Fidelity International Tokenizes Money Market Fund on JPMorgan’s Blockchain — CoinDesk
CoinDesk
Fidelity International Tokenizes Money Market Fund on JPMorgan’s Blockchain
The U.K. firm joined JPMorgan’s Tokenized Collateral Network (TCN), piloting the tokenization of its own money market fund for the first time with Onyx Digital Assets.
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Ian's Intel
IO.NET ($IO) CEO steps down ahead of its June 11th TGE — Link
Effective immediately, Shadid's IO tokens will be custodied within Ceffu. These tokens will be subject to a 1 year selling restriction from listing. At the end of the 13th month following listing, 1/36th of the tokens will be available to be sold. Tokens will unlock and be made available to sell on a monthly basis thereafter for 36 months.
— MTorygreen (New CEO of IO.NET)
ZKsync to airdrop 3.6 billion ZK tokens next week, 17.5% of total supply — The Block
Claim begins June 24 until Jan 3, 2025:
https://claim.zknation.io/
Claim begins June 24 until Jan 3, 2025:
https://claim.zknation.io/
ZKsync Tokenomics
Total Supply: 21b tokens
- Airdrop: 17.5%
- Eco Incentives: 19.9%
- Token Assembly: 29.3% (foundation)
- Team: 16.1%
- Investors: 17.2%
Team & Investor tokens are on a 1yr cliff + 3 years vesting schedule (June 2025 - June 2028)
Source
Total Supply: 21b tokens
- Airdrop: 17.5%
- Eco Incentives: 19.9%
- Token Assembly: 29.3% (foundation)
- Team: 16.1%
- Investors: 17.2%
Team & Investor tokens are on a 1yr cliff + 3 years vesting schedule (June 2025 - June 2028)
Source
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Symbiotic, a permissionless restaking protocol, raises $5.8m in a seed round led by Paradigm and cyber Fund. Launch partners include Ethena, LayerZero, Hyperlane, among others. — Link
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Polygon community treasury to distribute 1B POL tokens over 10 years to incentivize ecosystem builders — The Block
The Block
Polygon community treasury announces grants program for builders, initially distributing 35 million MATIC
Initially the treasury will distribute MATIC tokens to builders on the Polygon blockchain with the plan slated to last a decade.
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Sushi announces Sushi Labs, a new multi-token strategy, and potential launch of a Sushi appchain. — Link
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Bithumb will list Internet Computer ($ICP) on 12 June 2024 at 15:00 KST — Link
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Michael Egorov, founder of Curve, has up to 350M CRV ($90m) at risk of liquidation if price of CRV drops to $0.342. CRV is currently trading at $0.355. — h/t: YouAreMyYield
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Forwarded from CT Live Feed (Automated)
U.S. SECURITIES AND EXCHANGE COMMISSION: TERRAFORM AGREES TO PAY $4.47 BILLION IN SEC CASE - RTRS
via: News_Of_Alpha
via: News_Of_Alpha
CT Live Feed (Automated)
U.S. SECURITIES AND EXCHANGE COMMISSION: TERRAFORM AGREES TO PAY $4.47 BILLION IN SEC CASE - RTRS via: News_Of_Alpha
Full report — Blockworks
Blockworks
Terraform agrees to pay nearly $4.5B in proposed judgment with SEC
The SEC asked the court to approve a final consent judgment in its case against Terraform Labs and its former CEO Do Kwon.