OKX Considers IPO; $BNB's MicroStrategy?

️ On today's Top Picks:

Crypto News

• ⭐️ OKX crypto exchange reportedly considers US IPO; recently announced its US expansion after a $500M settlement with the US DOJ; expanded to ~500 employees across the US.

• Strategy $MSTR buys an additional 245 Bitcoin $BTC for ~$26M at ~$105,856 per BTC; now holds 592,345 BTC worth ~$62B.

• Fiserv $F to launch $FIUSD stablecoin on Solana $SOL; to use stablecoin infrastructure from Circle $CRCL & Paxos.

• Former Coral Capital executives to launch $BNB treasury firm Build & Build Corporation; plans to go public via a reverse stock buyback; seeks to raise $100M.

• Digital Asset Investment Products saw $1.24B of inflows last week; Bitcoin $BTC $1.1B inflows, Ethereum $ETH $124M inflows, Solana $SOL $2.78M inflows, Ripple $XRP $2.69M inflows.

Alpha

• Camp to launch Phase 2 Incentivized Summit Series soon; teases more apps, more IPs, more quests, & more.

• Karak to launch private testnet soon; recently launched K1 NFT collection.

• Blockscout launches Ink campaign from June 23rd to June 29th; earn 3x Merits for Swapscount activity, earn 500 Merits for completing tasks, & earn bonus Merits for holding badges.

• List of Upcoming TGEs, Listings, & Releases by ICO Analytics.

• ICYMI INTMAX to launch mainnet on June 26th; INTMAX is a stateless Ethereum Layer 2, combining privacy, speed, and self-custody.

Airdrops

• Weekly Airdrop Recap by Earndrop.

• ⭐️ Newton to launch $NEWT TGE & airdrop on June 24th; Newton users before June 12th, Newton active community members (Portal, Guild, Discord) before June 12th, & more are eligible.

• ⭐️ Humanity launches $H airdrop eligibility & allocation checker; Humanity users, Kaito Yappers, & more are eligible; claim on June 25th.

• Wormhole launches $W Staking Rewards Program Period 2 claim; W stakers from January 8th to the snapshot on June 6th are eligible.

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

Finance News

• Key Events This Week by The Kobeissi Letter.

• ⭐️ US Federal Reserve removes 'reputational risk' from bank examinations; to focus on specific financial risks instead; eases crypto banking restrictions.

• Metaplanet $3350.T buys an additional 1,111 Bitcoin $BTC for ~$118.2M at ~$106,408 per BTC; now holds 11,111 BTC worth ~$1.2B.

• Ark Invest $ARKK $ARKW $ARKF sells an additional $109.6M of Circle $CRCL shares; buys $24.4M of Robinhood $HOOD shares; buys $1.3M of Coinbase $COIN shares.

• Anthony Pompliano announces ProCap Financial, a Bitcoin $BTC native financial services firm; to merge with Columbus Circle Capital Corp $CCCM; raised $516.5M by offering equity & $235M by selling convertible notes.

Security and Exploits

• CoinMarkerCap to reimburse affected users following website compromise; 76 accounts were affected with ~$21K in losses.

• ZachXBT: Investigation into social engineering scammer Christian Nieves (Daytwo/PawsOnHips); stole over $4M by impersonating Coinbase support.

• CoinTelegraph website was briefly compromised via its banner publishing system; a malicious advertisement promoted a fake token airdrop on the website; team identified and resolved the issue.

Token Unlocks

• Space ID $ID / ~$10M / JUN 22nd
• Blast $BLAST / ~$24M / JUN 26th
• Across $ACX / ~$16M / JUN 30th
Sourced from Tokenomist

Funding

• Frachtis raises $20M for Fund I, a crypto-native pre-seed fund to support founders building decentralized AI, middleware, infrastructure, & consumer apps.

• Veda raises $18M in funding led by CoinFund.

• ⭐️ GTE raises $15M in Series A funding led by Paradigm.

• Concrete raises $9.5M in strategic funding led by Polychain Capital.

• YieldClub raises $2.5M in Pre-Seed funding led by Pharsalus Capital.

• Sphinx raises $2M in Pre-Seed funding led by Eckhardt Capital.

The Degen Farmer