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Crypto Daily Digest - June 20th

TI Research
Crypto Daily Digest - June 20th Source: Solend

On June 20th, the new proposal from the Solend community to withdraw the previous proposal taking over the Giant Whale account and to increase the voting time has been approved. Bancor's Impermanent Loss Protection is temporarily paused. Babel Finance has taken action to alleviate the company's liquidity situation. Binance will support Origin Protocol's $OGV airdrop for $OGN holders.

DeFi

  • Crypto exchange Bybit lays off employees due to market decline. Source
  • Babel Finance has taken action to alleviate the company's liquidity situation. Source
  • TRON DAO Reserve has purchased 10,000,000 $USDD on TRON. Source
  • Top 100 crypto funds cut $ETH holdings by 85% on-chain in 3 months. Source
  • CZ says Binance didn't buy 101,266 $BTC. Source
  • Data: The whole network contracts liquidated about $147 million in 12 hours. Source
  • Solend community's new proposal to revoke previous takeover of the giant whale account has been approved. Source
  • The New Solend community proposal suggests revoking the previous proposal taking over the giant whale account and increasing voting time. Source
  • Data: stablecoin $USDD drops to $0.9509. Source
  • Binance will support the BNB Smart Chain (BEP20) Network upgrade and hard fork. Source
  • THORChain's current liability is less than 2% of reserve and its impermanent loss protection is different than Bancor's. Source
  • BitMEX Founder: expect more forced selling of $BTC and $ETH. Source
  • BNB Chain based StepUp Games appeared rug pull. Source
  • zkSync-based DEX ZigZag is expected to issue $ZZ. Source
  • Tether is working on a full audit to provide more transparency on its $USDT reserves. Source
  • Binance will support Origin Protocol's $OGV airdrop for $OGN holders. Source
  • Bancor's Impermanent Loss Protection is temporarily paused. Source
  • Celsius says it will work with regulators to find a resolution. Source

Policy & Regulation

  • Bermuda Premier: Bermuda wants to be the hub of the global stablecoin market. Source
  • Iran to cut off electricity to authorized cryptocurrency mining units. Source
  • South Korea delays 20% tax on crypto-asset gains to 2025. Source

NFT

  • Move-to-Earn game Walken will have its first NFT sale today at 7pm, UTC. Source
  • Christie's NFT head Noah Davis will serve as brand lead for CryptoPunks. Source
  • Rapper Snoop Dogg has filed trademark applications for NFT and metaverse. Source
  • Jay Chou will launch Tiger Champs NFT collection in association with Paris Saint-Germain soccer team. Source
  • Data: Bored Ape Yacht Club 24 hours trading volume up 345.09%. Source

Fundings

  • IoTeX core development team MachineFi Lab closes $50 million in funding round with participation from HashKey Capital and others. Source
  • FTX acquires Canada-based crypto exchange Bitvo. Source
SolanaLendingDeFiDerivativesBinanceAirdrop
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