Breaking Crypto News – How to Stay Updated with the Top Crypto News of June 24-30?
Breaking Crypto News – Both cryptocurrency lovers and investors have been paying close attention to some significant developments this week. Market observers anticipate that both the decentralized finance (DeFi) space and the larger cryptocurrency industry will be significantly impacted by these developments. The following are the key cryptocurrency stories that should be covered this week:
The Blast Airdrop Launches on June 26
This week, on June 26, the eagerly anticipated airdrop by Ethereum Layer 2 (L2) network Blast will begin. The initiative said on June 19 that in order to be eligible for the airdrop, Blast-based dApps had to give away all of their Blast Gold and Blast Points to users by June 25.
Tokens from the airdrop will be distributed equally among network developers and users. Developers will receive 50% of the tokens via Blast Gold, while users will receive 50% via Blast Points. Allocations for users will be based on their dApp activity and wallet balances. The project postponed its token generation event (TGE) last month, despite having the airdrop originally planned for May.
ENA Restaking Pools to Start on June 26
June 26 marks the introduction of the first ENA restaking pools on Symbiotic by Ethena, a synthetic currency protocol built on the Ethereum network. The only newly available assets to deposit in Symbiotic over the next epoch, according to Ethena’s announcement last week, will be staked ENA and sUSDE. Rewards for ENA staked in Symbiotic were also described by Ethena.
GMX will Begin Distributing 5.4 Million Arbitrum (ARB) Tokens
A proposal by Arbitrum DAO, a decentralized exchange in the Arbitrum ecosystem, to fund 5.4 million ARBs to start the STIP-Bridge Incentives Program has been accepted by the Arbitrum DAO. The expansion of GMX V2 and the Arbitrum DeFi ecosystem will be facilitated by these tokens. On June 26, the incentive campaign gets underway.
Three incentive categories are available through GMX’s STIP-Bridge program: grants for developers integrating projects with GMX V2, trading incentives granting a 75% fee refund on GMX V2 markets, and liquidity incentives for limited partners in GM pools. June 26 to September 16, 2024 is when the campaign is scheduled to run.
June 27 Biden-Trump Debate Could Impact Some Memecoins
On June 27, there will be a presidential debate on CNN with President Joe Biden and former President Donald Trump. Since Trump did not participate in the Republican primary debates, this is the first presidential contest between a current president and a former president since 2020.
With two well-known contenders for the presidency, the discussion may prove to be pivotal in the campaign. There won’t be a studio audience for this debate, in contrast to previous Biden-Trump ones. The outcome may also have an effect on the cost of meme coins featuring the two candidates, such as MAGA, BODEN, and TRUMP.
Optimism and Several Projects to Token Unlock This Week
By distributing 31.34 million OP tokens on June 30, Ethereum’s Layer 2 Optimism will expand the amount of its native token that is in circulation. The estimated value of these soon-to-be-unlocked tokens is $56.73 million. The project will give these tokens to investors and main contributors, based on data from TokenUnlocks.
Major token unlocks for a few projects will also occur this week. AltLayer is a noteworthy unlock that will release 105.21 million ALT tokens. The tokens are valued at about $20.32 million at the current market price.
Hope Grows for Approval of Ethereum ETFs
Apart from these significant occurrences, cryptocurrency traders and investors are anxiously anticipating the SEC’s approval of spot Ethereum ETFs. ETF analysts have confirmed July 2 as the “over/under for Ethereum ETFs launch date,” including James Seyffart and Eric Balchunas from Bloomberg Intelligence.
Following the updates to their S-1 forms by a number of asset managers, including Bitwise and Fidelity, there was an increase in confidence. Issuers still need to get their S-1 forms approved before they can start trading in the market, even though the SEC has approved the 19b-4 form.
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