Ian's Intel #42
Week of ZKsync and Layer Zero
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Let’s dive in.
Sorry this got posted late, but here you go!
Airdrop Alpha
ZKsync Airdrop claim live now until Jan 3, 2025:
Layer Zero airdrop/TGE on 20 June 2024
Layer Zero Provisional Sybil List #2
New Listings
$GME (GMEUSDT) perpetual contract listed on Bybit
$ICP (Internet Computer) listed on Bithumb
$ONDO listed on Upbit
$ZK (ZKsync) listed on Binance, Bybit
$MEW perpetual contract listed on Binance
DeFi
Symbiotic, a permissionless restaking protocol, raises $5.8m in a seed round led by Paradigm and cyber Fund. Launch partners include Ethena, LayerZero, Hyperlane, among others
Sushi announces Sushi Labs, a new multi-token strategy, and potential launch of a Sushi appchain
Michael Egorov, founder of Curve, has up to 350M CRV ($90m) at risk of liquidation if price of CRV drops to $0.342. CRV is currently trading at $0.355. — h/t: YouAreMyYield
Michael Egorov and Curve Finance Team to address liquidation risk issue
AO Tokenomics Details
Zapper Protocol announces its token, $ZAP, which will launch in Q4 this year
Sophon farming begins on 18 June 18:00 UTC. $BEAM will be the initial asset used to farm $SOPH
L1, L2, & Infrastructure
ZKsync to airdrop 3.6 billion ZK tokens, 17.5% of total supply — The Block
ZKsync Tokenomics
Team & Investor tokens are on a 1yr cliff + 3 years vesting schedule (June 2025 - June 2028)
Binance Labs invests in Zircuit, an Ethereum L2 network — The Block
Polygon community treasury to distribute 1B POL tokens over 10 years to incentivise ecosystem builders — The Block
What is Symbiotic? — ASXN
Tether announces $aUSD₮, a “tethered asset”to USD, backed by Tether Gold
Bitcoin/ETH ETFs
Bitcoin ETFs See $580M Outflows, Led by Grayscale’s GBTC and Fidelity's FBTC
Gensler sees ETH ETF S1 Approval sometime in summer
S-1 expected to be approved by July 2nd according to BBG Analyst Eric Balchunas: Tweet
Reads & Tools
Terraform agrees to pay nearly $4.5B in proposed judgment with SEC
Paradigm raises $850m for its third fund
Trump: “I will end Joe Biden’s War on Crypto, and crypto and Bitcoin will be made here in the USA”
Disclaimer
The content provided in this newsletter is for informational purposes only and does not constitute financial advice. The author and the newsletter are not responsible for any decisions made based on the information provided herein. The opinions, analyses, and information included are based on the author's perspective and while believed to be accurate, should not be relied upon without conducting your own research and due diligence. The author may or may not be invested in any of the projects or tokens mentioned in the newsletter.
Additionally, the views and opinions expressed in this blog are those of the author alone and do not reflect the views, policies, or positions of any organizations the author is affiliated with or contributes to. It is always advisable to consult with a qualified professional before making any financial decisions. All investments involve risks, including the potential loss of principal.