Bitcoin
The largest cryptocurrency by market cap has dropped about nearly 9% from around $67,700 at the start of June to roughly $61,700 at presstime.
DeFi
The allocation from Blast, the layer 2 with an airdrop scheduled on Wednesday, to Blur is currently valued at $90 million. Both protocols were founded by Tieshun ‘Pacman’ Roquerre.
Even though some industry leaders say that the airdrop meta is over, there’s clearly still a lot of interest.
Fears over Mt. Gox disbursements, significant outflows from spot ETFs and miner selling sent the price of bitcoin lower.
The total value of tokenized treasury product tokens has reached $1.72 billion, more than twice the $778 million figure at the year’s start.
Ethereum
The average gas fees on the Ethereum mainnet dropped under three gwei as transactions across the layer 1 and layer 2 protocols are at an all-time high.
Tech
Crypto portfolio manager CoinStats confirmed that a security incident had impacted some wallets, despite claiming to have “military-grade encryption.”
Airdrop season continues as Blast’s token generation event is set to occur on June 26, about a week after interoperability protocol LayerZero and rival blockchain network ZKsync opened up claims to their airdrop
Regulation
From her past remarks Christy Goldsmith Romero, who is currently a CFTC commissioner, may take a hard line against crypto.
Jump Crypto is reportedly in the crosshairs of prosecutors at the CFTC, who are investigating the firm’s trading and investing in the digital asset industry.
