Across Team Accused of $23M DAO Theft

️ On today's Top Picks:

Crypto News

• ⭐️ Across Protocol $ACX team accused of extracting $23M from the DAO treasury; Hart Lambur, founder of Across, says the allegations are untrue.

• ⭐️ Ripple $XRP & US SEC agree to drop appeals to end legal battle; Judge Torres recently denied a joint request to reduce the fine of Ripple’s settlement and eliminate an injunction.

• Bitwise files amended S-1s for spot Dogecoin $DOGE ETF & spot Aptos $APT ETF; indicates US SEC engagement and tracks with other spot crypto ETF approvals.

• Coinbase $COIN to launch US Perpetual-Style Futures on July 21st; features no quarterly expiration dates, spot price tracking, embedded leverage, and 24/7 availability.

• Kraken launches Krak, a global cross-border payment and asset management app that enables users to transfer funds across 110 countries using over 300 assets.

Alpha

• INTMAX launches mainnet; earn $ITX rewards by mining ETH on INTMAX; INTMAX is a stateless Ethereum Layer 2, combining privacy, speed, and self-custody.

• ⭐️ Zama to launch Public Testnet on July 1st; recently raised $57M in Series B funding led by Pantera Capital & Blockchange Ventures.

• Succinct launches Testnet Stage 2.5; users can now stake testnet $PROVE; team airdropped testnet PROVE to Stage 1 & Stage 2 participants.

• Boundless to launch ZK Mining in July; compete for 5M $ZKC (0.5% of supply).

• ethOS opens NFT redemptions for dGEN1's; Founders Edition holders also receive an exclusive NFT; to ship in August.

Airdrops

• Weekly Airdrop Recap by Earndrop.

• Sahara launches $SAHARA airdrop claim; Sahara points holders, Sahara Legends campaign participants, & more are eligible.

• Fragmetric to launch $FRAG airdrop eligibility & allocation checker; Fragmetric points holders, TOPU & Mad Lads NFT holders, & more are eligible; claim on July 1st.

• Blum launches $BLUM airdrop claim; Blum users are eligible.

• ⭐️ Tea unveils $TEA tokenomics; 28% of supply is allocated to airdrops; TGE & airdrop expected in Q3.

• Weekly Airdrop Recap (June 14th) by Earndrop.

Finance News

• ⭐️ US President Trump says he signed a trade deal with China; Treasury Secretary Bessent also stated tariffs on China are now 30%, while Chinese tariffs on the US are 10%.

• S&P 500 $SPX closes at a new all-time high of ~6,173 points.

• CoreWeave $CRWV offers an undisclosed amount to acquire Core Scientific $CORZ; previously offered $1B in June 2024, but was rejected.

• Bakkt $BKKT to raise $1B via equity and debt offerings to fund a Bitcoin $BTC acquisition strategy;

• Upexi $UPXI buys an additional 56,000 Solana $SOL; now holds 735,692 SOL worth ~$105M.

• Ark Invest $ARKK sells $12.5M of Coinbase $COIN shares; also sells $12.3M of Block $XYZ shares.

Security and Exploits

• Solana $SOL Foundation publishes post-mortem on the ZK ElGamal Proof Program vulnerability reported on June 10th.

• Resupply exploited for ~$9.5M due to smart contract vulnerability; team to release post-mortem soon.

• ZachXBT reports DPRK IT workers exploited multiple projects tied to Pepe creator Matt Furie & ChainSaw as well as another project Favrr for ~$1M.

Token Unlocks

• Blast $BLAST / ~$21M / JUN 26th
• Across $ACX / ~$14M / JUN 30th
• Optimism $OP / ~$16M / JUN 30th
• Kamino $KMNO / ~$13M / JUN 30th
• Sui $SUI / ~$119M / JUL 01st
Sourced from Tokenomist

Funding

• Galaxy raises over $175M for Galaxy Ventures Fund I; to back early-stage companies building financialized applications, blockchain protocols, & software infrastructure.

• World Liberty Financial raises $100M in Strategic Token Sale from Aqua1.

• OpenRouter raises $40M in Seed & Series A funding led by a16z & Menlo Ventures.

• Niural raises $31M in Series A funding led by Marathon Management Partners.

• Jarsy raises $5M in Pre-Seed funding led by Breyer Capital.

• Spekter Games raises $5M in Pre-Seed funding from several investors.

• Inference raises $3M in funding from several investors.

• Byzanlink raises $1M in Private Token Sale from several investors.

• Twyne raises $450K in Pre-Seed funding led by Euler.

• Meet48 raises an undisclosed amount in Strategic funding from YZi Labs.

• Trusta raises an undisclosed amount in Strategic funding from several investors.

The Degen Farmer