Consensys v. SEC (again)

📉 SEC Allegations Against ConsenSys

Allegations by SEC: The SEC has sued ConsenSys, accusing it of illegally operating Metamask as an unregistered broker by offering Ethereum staking services. This allegedly violated investor protection laws.

Financial Impact: The lawsuit seeks penalties from ConsenSys. The company denies wrongdoing and plans a robust defense, highlighting regulatory challenges in the crypto sector.

Next Steps: Investors should follow developments closely. Regulatory clarity is crucial as the case unfolds. Read More.

️ On today's Top Picks:

  1. 📈 21Shares & VanEck file for Solana ETF in the US.
  2. 🚀 Zerion launches ZERϴ Network Testnet.
  3. 🔴 Optimism $OP ~$56M token unlock on June 30th.
  4. 💰 MegaETH raises $20M Seed led by DragonFly Capital.

Read time: ⏰ 8 minutes


Crypto News


• ⭐️ US SEC sues Consensys over MetaMask products, also targets Lido $LDO & Rocket Pool $RPL.

• ⭐️ 21Shares & VanEck file for Solana $SOL ETF in the US.

• Coinbase $COIN sues US SEC & US FDIC over FOIA requests.

• Coinbase $COIN partners with Stripe adding support for $USDC on Base.

• US FBI increases bounty reward to $5M for OneCoin Co-Founder Ruja "Cryptoqueen" Ignatova.

• Logan Paul sues Coffeezilla for defamation over CryptoZoo coverage.

• Optimism Fjord upgrade to launch on OP Mainnet on July 10th.

Alpha


• ⭐️ Zerion launches ZERϴ Network Testnet & Welcome to ZERϴ Testnet NFT on Zora.

• Weekly Crypto Update by Lightning X Drop.

• Affine launches ultraETH & ultraETHs LRTs.

• Scroll adds eligibility for Marks for $wBTC, $solvBTC, $weETH & Pencils Protocol staking vaults.

• BOB launches BOB Summer NFT quest on Intract.

• Aleo announces Testnet Beta Prover Incentives.

• Union launches Join the Union Testnet quest on Galxe.

• Infinex launches The UX Layer quest on Intract.

• Jumper Loyalty Pass Season 2 ends on June 30th.

• DeBank launches new Channels social feature.

• zkPass launches TrustFest: Onboarding Reputable Users to Web3 campaign on Galxe.

Airdrops


• Weekly Claims & News by Earndrop.

• Zeta Markets launches $ZEX airdrop claim.

• DYAD launches KEROSENE airdrop claim for Wassie, LLama, Milady, & Honey Jar NFT holders.

• Layer3 Foundation to release $L3 tokenomics next week.

• ICYMI Blast $BLAST launches Phase 1 Airdrop.

• ICYMI Hyperlane Airdrop Guide by Earndrop.

Finance News


• Kraken Co-Founder Jesse Powell donates $1M to US Presidential Candidate Donald Trump.

• Marathon Digital $MARA expands into altcoin mining including Kaspa $KAS.

• CleanSpark to buy Griid Infrastructure $GRDI for $155M.

• Bitdeer $BTDR to gain 570 MW of power capacity for Bitcoin mining.

• Amazon $AMZN surpasses $2T market cap.

• US & Switzerland agree to exchange financial data beginning in 2027.

Security and Exploits


• DDM Bitcoin hacker moves $30M of Bitcoin to new address.

• GitLab releases security updates fixing 14 vulnerabilities.

• TeamViewer suffers internal systems breach reportedly from cyber-threat group APT-29.

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 / ~$56M / JUN 30
• Ethena / 14.89M $ENA / ~$8M / JUN 30
• Manta / 1.87M $MANTA / ~$2M / JUN 30


Funding


• ⭐️ MegaETH, an EVM-compatible blockchain, raises $20M in Seed funding led by DragonFly Capital.

• Redacted, a Web3 entertainment ecosystem, raises $10M in funding led by The Spartan Group.

• AnchorZero, a tax planning solution, raises $8M in Seed funding co-led by Bain Capital Crypto & Spark Capital.

• Rebar Labs, MEV-aware infrastructure, products, & research for Bitcoin, raises $2.9M in Seed funding led by 6th Man Ventures.

• GolfN, a blockchain-based golf project, raises $1.3M in Pre-Seed funding.

• XProtocol, an entertainment-focused modular blockchain, raises $800K in Strategic funding from Cogitent Ventures & Zephyrus Capital.

• Argo, a FinTech company, raises an undisclosed amount in Strategic funding from Paxos & WonderFi.

• Bluefin, a decentralized orderbook-based exchange, raises an undisclosed amount in funding from Flow Traders.

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PROTOCOLASSETSAPY
PancakeSwap AMM V3 logoPancakeSwap AMM V3 (Ethereum)USDCUSDT71.00%
BFX (Blast Futures) logoBFX (Blast Futures) (Blast)USDB45.17%
Abracadabra Spell logoAbracadabra Spell (Arbitrum)MIMUSDCUSDT44.32%
Notional V3 logoNotional V3 (Ethereum)NUSDC44.06%
Indigo logoIndigo (Cardano)IUSD37.41%
Umami Finance logoUmami Finance (Arbitrum)GMUSDC(WBTC)29.83%
Turbos logoTurbos (Sui)USDTUSDC29.39%
Avantis logoAvantis (Base)USDC26.84%
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That’s it for today’s edition! See you soon.

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