Stablecoins
Layer-2
Kraken’s L2 network rolls out native INK token to power protocol incentives, allocation
Ink Foundation to unleash 1 billion INK tokens, steering decentralized finance through airdrop incentives.
Analysis
Bitcoin delivers 90% risk-adjusted return to 60/40 portfolios with 10% allocation, 2x gold’s risk efficiency
Analysts recently highlighted the importance of Bitcoin to fulfill the hedging role in portfolio, partially replacing bonds.
Memecoins
Dozens of memecoin-related X accounts including Pumpfun suspended for unknown reasons
As of press time, neither X nor the profiles involved published an explanation regarding the suspensions.
Analysis
Bitcoin reclaims $108k amid upward consolidation as war tensions show signs of easing
Despite reversing the correction started on June 12, Bitcoin must break the top of the current consolidation channel to confirm further upside.
Stablecoins
JPMorgan files ‘JPMD’ trademark for digital asset payment services, hinting at potential stablecoin
The filing comes less than one month after reports that major US banks were teaming up to launch a stablecoin.
Scams
ZachXBT warns suspected ZKasino fraudster may be linked to new crypto venture WhiteRock
ZachXBT and Blokiments revealed on-chain data and potential personal links connecting both projects.
Crypto
Solana AI project Kled team wallets dumps $800k tokens after promising a $500k buyback plan
Over $200,000 were seemingly sent off-chain, while nearly $500,000 remain converted in USDC.
Legal
Tornado Cash support: Ethereum Foundation pledges $1M to Storm’s defense, entities boost Pertsev appeal
While Tornado Cash developers await decisions on their court cases, the crypto entities rise their backing.
ETF
Spot Ethereum ETFs register new inflow record with 19-day streak, capturing nearly $1.4 billion
BlackRock's ETHA registered the most flows for the period, with over $972 million representing nearly 70% of the total.
RWA
BlackRock’s BUIDL nears $3B, registers 3x increase in less than 90 days
The fund also register another monthly dividend record, distributing over $10 million in May.
AI
Andreessen Horowitz champions blockchain integration for AI ownership and innovation
Andreessen Horowitz believes AI and blockchain integration can reshape payment rails, intellectual property, and user identification.
Exchanges
Coinbase to launch CFTC-cleared perpetual futures trading, Bitcoin-backed credit card for US customers
Coinbase disclosed a suite of new products during an event on June 12, including a credit card with BTC cashback and perpetual futures for US users.
