Ian's Intel
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Stay ahead with crypto news & alpha.

Disclosures: https://x.com/iansintel/bio
๐Ÿ“ฉ https://t.iss.one/+AB-NidhT4GFiOGE1

Trade on Bybit: https://partner.bybit.com/b/IANSINTEL

Nothing shared in this channel is to be taken as financial advice
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Layer Zero provisional sybil list โ€” Link
Binance will list ZKsync ($ZK) at 2024-06-17 08:00 (UTC) โ€” Link
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Tether will unveil its new class of digital assets products today โ€” Link
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Binance lists MEW perps ๐Ÿคก โ€” Link
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Tether announces $aUSDโ‚ฎ, a โ€œtethered assetโ€to USD, backed by Tether Gold โ€” Link

*note that Tether has avoided using the term โ€œstablecoinโ€ ๐Ÿค”
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*SEC'S HEAD OF CRYPTO ASSET AND CYBER UNIT LEAVES AGENCY AFTER NINE YEARS: LINKEDIN POST - THE BLOCK PRO
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๐Ÿ”ด Bitcoin ETFs with -$145.9m net outflows on 17 Jun 2024

Farside
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Ronin Network announces next step in scaling the network: L2 zkEVMs powered by Polygon CDK โ€” Link
Drift partners with Ondo to enable RWA as collateral for trading. To start, users will be able to deposit and borrow USDY on Drift. USDY is a stablecoin backed by short term US treasuries and generates ~5.3% APY. โ€” Link
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Hashdex files 19b-4 for combined spot BTC & ETH ETF โ€” NateGeraci
Enforcement Division of the SEC has closed its investigation into Ethereum 2.0 โ€” Consensys
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Binance Labs invests in Rango Exchange โ€” Link
#AirdropAlpha

pSTAKEโ€™s Bitcoin Liquid Staking v1 testnet on Babylon now live.

1) The scope of the testnet: sBTC deposits and withdrawals with Cobo (institutional custody) in the background.
2) $PSTAKE points program will be unveiled at mainnet launch โ€” This testnet participation will give users extra boosted points at mainnet (bigger airdrop in the future).
3) The testnet is semi-public and requires invite codes to access.

Staking Link:
https://app.btc-testnet.pstake.finance/
Use invite code: "ian"


DYOR Links
Twitter | Website
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#AirdropAlpha

Claims for Phase 2 of EigenLayer are going live today (June 19th).

- Snapshot for Phase 2 was taken on March 15, 2024 01:11:35 UTC.
- Complex protocols (including Pendle) were included in Phase 2.
- ether.fi stakers who were eligible as of the March 15 snapshot will be allocated a portion of 3.12m EIGEN tokens.
- Eigen points ratio for ether.fi users is the same for both Phase 1 and Phase 2

Claim Link: https://claims.eigenfoundation.org/


*1% of the EIGEN allocation has been put aside for any users who received an incorrect claim amount
**claims form: https://forms.gle/AAAoFZLTyAJiiK8X9

Source: Etherfi Discord
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Poll of the day: FTX to distribute money to users at 119-143 c/$ in August 2024. THOSE ENTITLED TO A CLAIM, how much of it will you be reinvesting into crypto?
Anonymous Poll
18%
NONE
4%
<25%
6%
25%-50%
3%
50%-75%
34%
75%-100%
35%
results
LayerZero claims open on June 20 at 11:00AM UTC

Tokenomics
- 1b fixed total supply
- 38.3% to LayerZero Community, which includes distributions to users, developers, and community members
- 32.2% to Strategic Partners with 3-year unlock, which includes investors and advisors
- 25.5% to Core Contributors with 3-year vesting, which includes current and future team members
- 4.0% Tokens Repurchased, which is pledged to the Community

Launch Supply โ€” 25%
- 8.5% airdrop
- 11.5% for future airdrops & incentive programs
- 5% LayerZero Foundation

Eligibility Checker:
https://www.layerzero.foundation/eligibility

Full details
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Bithumb to list LayerZero ($ZRO) on 20 June 2024 at 9PM KST โ€” Link
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Upbit to list LayerZero ($ZRO) on 20 June 2024 at 9PM KST โ€” Link
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Binance Will List LayerZero ($ZRO) with Seed Tag Applied.
Trading begins 20 June 2024 at 12:00 (UTC) โ€” Link
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