XRP Ledger to Launch Ethereum-Compatible Sidechain

️ On today's Top Picks:

Crypto News

• ⭐️ $XRP Ledger to launch Ethereum-compatible sidechain soon; will integrate XRP Ledger's transaction capabilities with Ethereum's smart contract functionality.

• ⭐️ Solana $SOL ETFs to potentially be approved soon; US SEC recently asked three asset managers to revise their filings.

• PumpFun deposits 132,180 Solana $SOL worth ~$21M to Kraken; deposited a total of 3.62M SOL worth ~$582M to Kraken.

• ⭐️ Sandeep Nailwal takes full control of the Polygon $POL Foundation as CEO; to focus on Polygon PoS & Agglayer; to depreciate Polygon zkEVM next year.

• US Senate votes to move forward with GENIUS Act; bill requires stablecoins to be backed by US dollars, mandates annual audits, & more.

• Stripe to acquire Privy for an undisclosed amount; acquisition expected to close in the coming weeks; Privy to continue as an independent product.

• Do Kwon & the US government agree to delay next scheduled court hearing to June 23rd; allows for continued productive discussions and to avoid unwanted pre-trial wrangling.

Alpha

• Plasma reaches $1B deposit cap for $XPL sale within ~30 minutes; reached previous $500M deposit cap within minutes.

• Karak posts "👀🍊⌛️" on X; to potentially launch something soon.

• Zoolini to launch NFT mint on June 18th; costs 0.01 ETH for whitelist & 0.02 ETH for general; multiple crypto communities are eligible for whitelist.

• ICYMI Namada $NAM launches proposal to begin phase 5; if passed, NAM transfers to be enabled by June 13th.

• ICYMI Farcaster distributes Pro OG NFT; the first 10K subscribers to Farcaster Pro are eligible.

Airdrops

• Weekly Airdrop Recap (June 7th) by Earndrop.

• Defi App launches $HOME airdrop claim; Defi App users are potentially eligible.

• Binance launches $RESOLV HODLer airdrop; BNB Simple Earn and/or On-Chain Yields product subscribers from May 28th to May 31st are eligible.

• Sonic to launch S airdrop season 1 claim in a few weeks; anti-sybil review in progress; to launch $S airdrop season 2 on June 18th.

• ICYMI Weekly Airdrop Recap (May 23) by Earndrop.

• ICYMI What Am I Farming Now by Alpha Drops.

Finance News

• US May CPI Inflation rises to 2.4%, below expectations of 2.5%; Core CPI Inflation was 2.8%, below expectations of 2.9%.

• ⭐️ US & China finalize trade deal, subject to final approval with President Trump & President Xi; 55% tariffs of US, 10% tariffs for China, rare earth minerals to be supplied by China, & more.

• Bitdeer $BTDR raises $50M from Tether, exercising its warrants to acquire more equity; Tether invested $100M in Bitdeer in May 2024.

• IREN $IREN upsizes convertible senior notes offering to $500M from $450M; to allocate ~$48.9M toward capped call transactions, ~$92.5M to fund a prepaid forward share repurchase transaction, & remaining proceeds toward general corporate purposes and working capital.

• GameStop $GME to raise $1.75B via convertible senior note offering; proceeds to potentially be used to buy more Bitcoin $BTC; holds 4,710 BTC worth ~$510M.

Security and Exploits

• Ethereum $ETH Foundation releases first 1TS (Trillion Dollar Security) report; highlights security challenges in the Ethereum ecosystem.

• ⭐️ Microsoft releases Windows June 2025 update; patches 66 vulnerabilities including one zero-day that is under active exploitation in the wild.

• Security Researcher Joseph Goydish alleges Apple failed to disclose the full extent of a now-patched zero-click iMessage vulnerability; also alleges that Apple did not credit him.

Token Unlocks

• Aptos $APT / ~$56M / JUN 12th
• Immutable $IMX / ~$12M / JUN 13th
• Starknet $STRK / ~$17M / JUN 15th
Sourced from Tokenomist

Funding

• Hypernative raises $40M in Series B funding led by Ten Eleven Ventures & Ballistic Ventures.

• Noah raises $22M in Seed funding led by LocalGlobe.

• OneBalance raises $20M in Series A funding led by Cyber Fund & Blockchain Capital.

• Try Your Best raises $11M in Series A funding led by Offline Ventures & Strobe Ventures.

• OpenTrade raises $7M in funding led by Notion Capital & Mercury.

• NuConstruct raises $6M in Seed funding led by Cyber Fund.

• SOON raises $5M in Strategic funding from several investors.

• Orange Cap Games raises $3.5M in Seed funding led by 1kx & Yuga Labs.

• Silhouette raises $3M in Pre-Seed funding led by RockawayX.

• FootballFun raises an undisclosed amount in funding led by 6th Man Ventures.

The Degen Farmer