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gm Scrollers,

It’s always a GM with our Scrollers, but not always a GM in the markets 😭 Altcoins are have been on a downtrend in the last week. But that is not the only major news!

Ethereum 2.0 investigation by the SEC has officially been closed! Plus: SEC head of crypto enforcement resigns on LinkedIn; Lens Protocol is seeking a $500M valuation in new fundraising efforts; Oklahoma to offer electricity tax cuts for miners; Kraken sees $3M exploit; and much more. Keep on Scrolling ⛓

• SEC officially closes investigation against Ethereum (CT)

• SEC Head of Crypto Asset Enforcement leader resigns from role after a decade (WG)

• Tether launches new synthetic dollar backed by gold, Alloy (@Alloy_tether)

• LandBridge, and oil land purchaser, eyes crypto mining potential after $320M IPO (CT)

• A study on wealthy young people saw crypto as the 2nd best opportunity to earn wealth, behind real estate (@kylascan)

• Cardano community will receive control of $681M treasury after recent Chang Fork upgrade (BiC)

• Microstrategy increases notes offering to $700M (CD)

Blood bath this week for crypto, especially altcoins down about 15% in last 7D 📉

• The scoop inside Paradigm’s new close on $850M Fund III (BL)

• Ixia Capital launches new $20M Global Gaming Fund to support esports, gaming, web3 and blockchain (GI)

• Lens Protocol founder Kulechov is raising $50M at a $500M valuation (DLN)

• ETH restaking protocol Renzo raises $17M (TB)

• Layer3 raises $15M to help users discover web3 projects (P)

• Bondex, a web3 competitor to LinkedIn, claims it has raised $10M+ (BLOCK)

• Bing Ventures announces support for The Open Network ecosystem (BiC)

• The first half of June saw 37 investments and $317M deployed into crypto startups (N.B)

• Last weeks blockchain and crypto venture capital roundup startup list: $110M (CN)

• Cryptocurrency startup funding surpassed $100B in 10 years (CT)

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• Biden administration called to a crypto roundtable in D.C. set by California Congressman (BM)

• SEC crypto enforcer has quit (CD)

• More central banks are exploring a CBDC (CD)

• Nigeria drops tax charges against Binance execs (M)

• What happens when Gensler leaves SEC (MS)

• US Senator tells SEC crypto desperately needs resources (TD)

• Oklahoma Governor Stitt signs new bill to give crypto miners tax cuts on electricity used

• Kraken discloses $3M exploit that is now fixed (BLOCK)

• $1B crypto scam targeted christian immigrants (RU)

• Phishing hack causes TAO holder to lose $11.2M (CTM)

• Holograph falls 80% after exploiter mints 1B additional HLG (M)

• UwU Lend offers a $5M bounty to whoever catches its exploiter (M)

• Loopring small wallet $5M exploit explained (HB)

• Markopolo scam targeting crypto holders with fake meeting software (THN)

• Crypto scammers are targeting Trump supporters (WRD)

• The story of ALLINVAIN losing access to 25,000 BTC - a $1.6B hack (@pete_rizzo_)

• Ethernity Cloud makes significant implementation with Polygon for reinventing privacy (CTRB)

• Ethereum 2.0 investigation ends - a major win for the ecosystem and crypto as a whole (AMBC)

• ETH ETF expected to launch on July 2nd according to analysts (WG)

• Gensler refuses to declare ETH as a commodity (B)

• $64M ETH allegedly withdrawn from ETH Foundation (U)

• ETH exchange balances hit eight year low (TD)

• Ethereum Network behind Pixels and Axie Infinity will let developers create own chains on Polygon technology (DT)

• CZ’s net worth nearly doubles in jail (F)

• Bernstein predicts $1M BTC by 2033 (MR)

• Binance hits 200M users (BC)

• OKX wallet now integrated with RuneGo (GN)

• NFT artist sues X for suspending account (M)

• Solana validators have profited during ‘sandwich trades’ while users lose $30M (DC)

• El Salvador President Bukele proposes a Bitcoin bank (DLN)

• CleanSpark buys BTC mining facilities in $25M deal (TB)

• Deutsche Telekom wants to mine bitcoin (CD)

• ZappierFi’s road to onchain literacy (TD)

• How crypto can and will influence the U.S. election (NYT)

• The current state of altcoins (@stevencook_)

• Bitcoin and blockchain will even impact airplane engine reserves (@ts_hodl)

• A16Zcrypto drops resource list for learning about DAOs (@a16zcrypto)

• The real inflow of BlackRock BTC ETF is only net $3B, and a major concern for exchange vs. onchain holdings (@biancoresearch)

• Why churn and failure rates are so high for web3 social platforms (OD)

• Can web3 fix social media’s authentication problem (TS)

Altcoins are taking a BEATING 🥊

Altcoin hodlers right now

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