US House to vote next week on overriding President Biden's veto of SAB 121

SAB 121 requires firms that custody crypto to record customer crypto holdings as liabilities on their balance sheets.

https://www.theblock.co/post/303779/us-house-to-vote-next-week-on-overriding-president-bidens-veto-of-sab-121
@BestIco

The snapshot for Zircuit Points earned from Season 1 (staking and previous campaigns) will be taken July 7th.

Season 2 will start on July 8th.

https://x.com/zircuitl2/status/1809255933341487113
@BestIco

**Layer3 has introduced its tokenomics

▫️Total supply: 3,333,333,333 L3
▫️51% of the total L3 supply is reserved for the community, over a 4 year-period
▫️200,000,000 L3 (6%) is the OG & S1 airdrop
▫️50,000,000 (1.5%) is the S2 allocation
▫️This entire allocation is unlocked at TGE
▫️ 25% is the initial budget allocated by the Foundation to planned airdrops and incentives
▫️**The remaining 26% will go to the community and governed by the DAO and Foundation to be allocated to future airdrops, incentives, and ecosystem initiatives over time

https://docs.layer3foundation.org/tokenomics
@BestIco

ZkSync is planning a token generation event this week with a total token supply of 21 billion tokens, two sources told The Block.

The ZkSync token airdrop is expected to occur around June 13, according to an internal message screenshot seen by The Block.

https://www.theblock.co/post/295670/zksync-token-launch-airdrop
@BestIco

The Block

ZkSync planning on token generation this week with airdrop in middle of June: Sources

ZkSync plans to host its token generation event this week, with a total supply of 21 billion tokens and an airdrop around June 13, sources say.

Farcaster has announced a new $150M fundraise led by Paradigm with participation from a16z crypto, Haun, USV, Variant, Standard Crypto and others.https://danromero.org/farcaster-update/
@BestIco

Phantom, the crypto wallet in the Solana ecosystem, has made its first acquisition by buying out Bitski, a wallet-as-a-service platform backed by high-profile investors, including Andreessen Horowitz (a16z) and Galaxy Digital.

https://www.theblock.co/post/295620/solana-wallet-phantom-bitski
@BestIco

The Block

Solana wallet Phantom acquires a16z-backed Bitski wallet platform

Solana wallet Phantom has acquired the Bitski wallet platform for an undisclosed sum and plans to bring "embedded wallets" to Solana.

Certik: “We have seen a suspicious transaction affecting Alex Lab.
Initial evidence points to a possible private key compromise.

In total ~$4.3m worth of assets have been transferred to 0x2705.”

https://twitter.com/CertiKAlert/status/1790432967422083329
@BestIco

The State of Wisconsin Investment Board revealed $99 million in BlackRock spot bitcoin ETF and $63 million in Grayscale spot bitcoin ETF.

https://www.theblock.co/post/294380/state-of-wisconsin-investment-board-reveals-163-million-in-spot-bitcoin-etfs
@BestIco

Polymarket has raised $70 million across two rounds, with the most recent raise led by Founders Fund, a spokesperson said.

Ethereum co-founder Vitalik Buterin was among backers.

https://www.bloomberg.com/news/articles/2024-05-14/peter-thiel-s-founders-fund-backs-election-betting-with-polymarket-funding
@BestIco

Grayscale submitted the updated application for its spot Ethereum ETF filing.

https://x.com/craigsalm/status/1768750794021511218
@BestIco

X (formerly Twitter)

Craig Salm (@CraigSalm) on X

We just filed @Grayscale Ethereum Trust's amended Form 19b-4 filing. This is an important step in our effort to uplist $ETHE to NYSE Arca. Investors want and deserve access to #Ethereum in the form of a spot Ethereum ETF and we believe the case is just…