Category: ICO

Protocol Village: Crypto Losses From Hacks, Rug Pulls Doubled to $572M in Q2: Immunefi Report

June 27: Rebar Labs, building “MEV-aware infrastructure, products and research” for Bitcoin, has raised $2.9 million in seed funding, according to the team: “Led by 6th Man Ventures, with participation from ParaFi Capital, Arca, Moonrock Capital and UTXO Management, the company aims to address MEV challenges in Bitcoin’s expanding ecosystem. As new protocols like BRC-20s, Runes, L2s and rollups emerge, MEV strategies similar to early Ethereum DeFi are appearing on Bitcoin. Rebar Labs is developing solutions to ensure fair value distribution, enable efficient markets and improve user and miner experiences…

VanEck Files for Solana ETF, SOL Rises 6%

“We believe the native token, SOL, functions similarly to other digital commodities such as bitcoin and ETH,” VanEck’s head of digital assets research, Matthew Sigel, wrote in a post on X arguing that SOL is a commodity, not a security. “It is utilized to pay for transaction fees and computational services on the blockchain,” he wrote. Source

Solana ETFs and Huge SOL Gains a Real Possibility Under Trump, GSR Says

The U.S. presidential election could provide a breakthrough for additional crypto ETFs like SOL, per the research note shared with CoinDesk. If Trump becomes president again, he could shake up the established playbook for launching crypto ETFs, which usually takes years and starts with the introduction of federally regulated futures contracts – something solana lacks. Source

Crypto Markets To See Selling Pressure in July From Mt. Gox Creditors, JPMorgan (JPM) Says

The bank said by looking at the negative price action in crypto markets since May 29th, it is “fair to assume that some of Gemini creditors, which are mostly retail customers, have taken at least partial profit in recent weeks.” Gemini announced on May 29 that its Gemini Earn users had received all their digital assets back in-kind, following its settlement with Genesis. Source

Decentralized Exchange Bluefin to Rollout Token ‘BLUE’ After Securing $17M in Total Funding

The BLUE token will have a maximum supply of 1 billion and an initial circulating supply of 116 million, according to a tokenomics document seen by CoinDesk. Investors and Bluefin’s team will have a three-year vesting period with a lockup that will expire one year after the initial roll-out next month. It also plans to allocate 32.5% of the token for user incentives that will include airdrops, trading rewards, liquidity provisions and future growth initiatives, according to the document. Source

State Street, Galaxy Digital to Develop Active Crypto Trading Products

State Street Global Advisors, a unit of financial services giant State Street (STT), filed an application with the U.S. Securities and Exchange Commission (SEC) to register a crypto-based fund called the SSGA Active Trust. Galaxy will be responsible for the day-to-day management of the fund’s investments, according to the filing. The company is affiliated with Galaxy Digital (GLXY), a financial services company that specializes in digital assets. Source

Ahead of ‘Low Bar, High Stakes’ Biden-Trump Debate PoliFi Tokens TRUMP, TREMP and BODEN Stay Muted

At 04:56 UTC, TRUMP, the first major token in the PoliFi sector, traded near $8.5, representing a 0.5% drop on a 24-hour basis. Its Solana-based counterpart TREMP traded 7.2% lower at 74 cents and the Joe Biden-themed BODEN coin was 16% at 13 cents, according to data source Coingecko. Meanwhile, bitcoin, the leading cryptocurrency by market value, traded 1% lower at $61,000. Source