Blast Launches Airdrop

Alpha Team
June 26, 2024

🚀 Blast Issues 17 Billion Tokens in Airdrop

Token Distribution: Blast issued 17 billion BLAST tokens to early adopters at 10 a.m. ET on Wednesday. As of now, 35% of the tokens have been claimed. This airdrop represents 7% of the total 100 billion BLAST tokens in supply.

Value and Market Impact: BLAST was trading at $0.028 on Whales Pro, valuing the airdropped tokens at approximately $476 million. Pre-market trading prices often vary from official market prices, indicating potential volatility.

Future Allocations: Blast plans to allocate 25.5% of tokens to core contributors, 16.5% to investors, and 8% to the Blast Foundation. The remaining half will support community initiatives, based on the network’s tokenomics. Read More.

️ On today's Top Picks:

⭐️ US Government sends $240M of Bitcoin to Coinbase.
⭐️ US SEC could approve Ethereum ETF by July 4th.
⭐️ Scroll unveils Curie protocol upgrade.
⭐️ Conduit raises $37M in Series A funding co-led by Paradigm & Huan Ventures.

Read time: ⏰ 6 minutes

Crypto News

• ⭐️ US Government sends $240M of seized Bitcoin $BTC to Coinbase.

• German Government holds ~$2.7B of Bitcoin $BTC as it continues to sell.

• ⭐️ US SEC could approve Ethereum ETF by July 4th according to Reuters.

• ~$37M of Ethereum $ETH raised by AssangeDAO was spent on legal defence & campaigning amid plea deal.

• Solana $SOL introduces blinks, onchain actions in the form of shareable links.

• Former Executives of Hydrogen sentenced for securities fraud.

Alpha

• Optimism introduces SuperFest - the Superchain DeFi Festival.

• ⭐️ Scroll unveils Curie protocol upgrade that reduces cost of transacting by 2x.

• Scroll adds Pencils Protocol to Scroll Sessions with new vault feature coming soon.

• Initia launches Week 7 Bonus Tasks for The Initiation: Minitia Mania Campaign.

• Uniswap launches support for Zora Network & releases Uni Zorb (Deluxe) Zora NFT mint.

• Llamaswap adds support for Scroll Network.

• DeBank launches new PrimePost Nominated Web3 Badge.

• ICYMI Superform X Avantis by Earndrop.

Airdrops

• ⭐️ Blast $BLAST launches Phase 1 Airdrop.

• Hyperlane Airdrop Guide by Earndrop.

• EtherFi $ETHFI Season 2 ends on June 30th, checker live on July 5th, & claims on July 8th.

• Rainbow airdrops Rainbow Ethereum $ETH Rewards to the most active Rainbow users.

• ICYMI Weekly Airdrop Claims by Earndrop.

Finance News

• Core Scientific $CORZ to supply additional 70 MW of infrastructure to CoreWeave.

• Rivian $RIVN surges amid Volkswagen's $1B investment.

Security and Exploits

• Apple releases firmware security update for AirPods and Beats devices.

Token Unlocks

• AltLayer / 105.21M $ALT / ~$21M / JUN 25
• Yield Guild Games / 16.69M $YGG / ~$10M / JUN 27
• SingularityNET / 8.57M $AGIX / ~$6M / JUN 28
• Echelon Prime / 750K $PRIME / ~$7M / JUN 30
• Optimism / 31.34M $OP / ~$55M / JUN 30
• Ethena / 14.89M $ENA / ~$9M / JUN 30

Funding

• Colosseum, a hackathon organizer, accelerator, & venture fund for Solana, raises $60M in funding.

• ⭐️ Conduit, an onchain compute company, raises $37M in Series A funding co-led by Paradigm & Huan Ventures.

• Ora, a verifiable oracle protocol, raises $20M in Series A funding.

• Crossover Markets, a digital asset trading technology firm, raises $12M in Series A funding led by Illuminate Financial & DRW Venture Capital.

• Covalent, a modular data infrastructure for AI, raises $5M in Strategic funding led by RockTree Capital.

• Enso Finance, a network that abstracts all smart contract interactions, raises $4.2M in funding.

• Shaga, a decentralized gaming network, raises $1M in Angel funding led by Arca.

The Degen Farmer

Top stablecoin yield farms of the day, more than $3,000,000 in TVL. DYOR and step up your farming game!

PROTOCOL	ASSETS	APY
Notional V3 (Ethereum)	NUSDC	49.75%
Abracadabra Spell (Arbitrum)	MIMUSDCUSDT	44.55%
BFX (Blast Futures) (Blast)	USDB	38.96%
Indigo (Cardano)	IUSD	37.41%
Umami Finance (Arbitrum)	GMUSDC(WBTC)	35.94%
KiloEx (Manta)	USDT	34.19%
Extra Finance (Base)	DOLAUSDC	33.49%
Avantis (Base)	USDC	32.00%

. . .

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That’s it for today’s edition! See you soon.

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