1. Stablecoin issuer Terraform Labs settles with SEC for $4.47B in fines and a ban on "trading crypto asset securities"
2. Uniswap Labs appoints Katherine Minarik as its new Chief Legal Officer
-- Katherine formerly served as a legal exec at Coinbase
-- Uniswap was recently issued a Wells Notice by the SEC and preparing for legal action
3. European Banking Authority releases final technical standards for compliance under the Markets in Crypto Assets (MiCA) legislation
-- Includes stress testing and liquidity requirements for crypto firms
4. Donald Trump is doubling down on crypto
-- Wants US to be a clear leader in Bitcoin mining
5. Gemini reaches $50M settlement with New York AG over defrauding investors via its Earn program
-- Gemini Trust assures that affected users will receive 100% of the assets owed to them within 7 days
-- The settlement also bans Gemini from operating any cryptocurrency lending program in New York state
1. Solana Foundation removes validators involved in enabling sandwich attacks
-- Over 30 Solana validators, many of whom were Russian, were removed from the Solana Foundation Delegation Program
2. Social platform FriendTech moving away from Base
-- Launching its own blockchain called Friendchain in partnership with Conduit, a RaaS provider
3. OP Labs (finally) introduces fault proofs to OP Mainnet, reaching "Stage 1" decentralization
-- Background: fault proofs are necessary for optimistic scaling
4. L2 ZKsync airdrops tokens and launches ZK Nation
-- Distributing 17.5% of its total token supply to early users and contributors (approx. 695k eligible wallets) through a one-time airdrop
-- ZK Nation: a community-driven governance system to oversee protocol upgrades and network changes
5. Deutsche Telekom's subsidiary T-Systems MMS to begin mining Bitcoin and validating PoS chains
6. Polygon plans to allocate 1B POL tokens over the next decade to ecosystem grants
-- Participants can choose between 2 tracks: General Grant Track and Consumer Crypto Track
7. Base overtakes OP Mainnet to become the 2nd-largest Ethereum L2 in TVL
-- TVL now exceeds $8B but still trailing Arbitrum One
1. Spot Ethereum ETFs expected to attract 10-20% of flows compared to Bitcoin ETFs
-- SEC expected to approve the trading of spot Ethereum ETFs as early as the 1st week of July
2. Crypto VC Paradigm raises $850M for Fund III
-- Georgios Konstantopoulos promoted to General Partner
3. Fidelity International is tokenizing a money market fund on JPMorgan's Onyx Digital Assets blockchain
-- Why? Enhanced efficiency in margin requirements delivery; reduced transaction costs and operational risks
4. A Bank for International Settlements survey revealed that 94% of central banks are considering issuing a CBDC, with a focus on wholesale CBDCs for institutions over retail versions
5. Binance hits 200M users mark
1. Arbitrum Foundation allocating 225M ARB tokens over 3 years to support gaming projects
2. Stablecoin issuer Paxos lays off 20% of its staff
-- De-prioritizing initiatives unrelated to stablecoins and tokenization
3. Iggy Azalea's $MOTHER token aims to provide utility
-- Token holders may soon be able to use $MOTHER to buy phones and cell plans from Iggy's new telecom company
4. Coinbase's former head of comms Elliott Suthers joins Worldcoin
5. TipLink introduces TipLink Wallet Adaptor
-- Aims to mimic the Apple Pay UX on mobile but for crypto payments
6. Solana Labs introduces Bond, a blockchain-based customer engagement platform
1. CoinGecko suffers from a data breach
-- 2M contacts' data exposed in breach
-- While user accounts remained secure, leaked information included names, emails, IP addresses, and locations of email opens
2. Lending protocol UwU Lend suffers a $24M exploit
-- Offering a $5M bounty to identify the hacker
-- Cause of the exploit is still under investigation
3. Omnichain tokenization protocol Holograph exploited with an attacker minting 1B HLG tokens
-- On-chain data links the exploit to wallet acc01ade.eth, potentially connected to a Github contributor with the same handle
-- Holograph has patched the exploit and frozen the hacker's accounts
4. Crypto exchange Lykke loses $22M to exploit
-- Confusingly assured users that funds are safe and will be recovered, while also initiating a criminal investigation into the incident
1. A scheme to measure the reliability of mixnets (source)
2. A communication protocol optimized for MPC with abort (source)
3. Scaling smart contracts based on the UTXO model (source)
4. Outperforming state-of-the-art sharding protocols (source)
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