Rhythm Morning News｜A list of important news from last night and this morning on June 11

Bitcoin falls below $69,000

BlockBeats news, June 11, according to OKX market data, Bitcoin fell below $69,000, and is now quoted at $68,970.

Grayscale GBTC had a net outflow of $39.5 million yesterday, and Bitwise's BITB had a net inflow of $7.6 million

BlockBeats news, June 11, according to Farside Investors data, Grayscale GBTC had a net outflow of $39.5 million yesterday, and Bitwise's BITB had a net inflow of $7.6 million.

TON ecosystem TVL exceeds 460 million US dollars, setting a new record

BlockBeats news, on June 10, according to the latest data from DefiLlama, the total locked volume (TVL) of TON ecosystem has exceeded 450 million US dollars, and is now reported at 469.37 million US dollars, continuing to set a new historical high.

Global spot Bitcoin ETF holdings account for 5% of the total BTC supply

BlockBeats news, on June 10, according to data disclosed by Bitcoin Magazine on the X platform, the global spot Bitcoin ETF currently holds more than US$70 billion worth of Bitcoin, and its holdings account for 5% of the total Bitcoin supply.

Ethereum Layer2 TVL fell to 45.4 billion US dollars, a 7-day drop of 3.30%

BlockBeats news, on June 10, according to L2BEAT data, the current Ethereum Layer2 total locked volume (TVL) fell to 45.4 billion US dollars, a 7-day drop of 3.30%. Among them, the top five locked volumes are:

Arbitrum One (US$18.12 billion, down 5.75% in 7 days);

Base (US$7.94 billion, up 8.26% in 7 days);

OP Mainnet (US$7.22 billion, down 6.10% in 7 days);

Blast (US$3.12 billion, down 4.46% in 7 days);

Mantle (US$1.23 billion, down 2.30% in 7 days).

US blockchain stocks fell across the board, with Coinbase down 1.47%

According to BlockBeats, on June 10, US blockchain stocks fell across the board, including:

Coinbase fell 1.47%;

Microstrategy fell 1.39%;

Riot Platforms fell 1.13%;

Block fell 2.24%;

Marathon Digital fell 0.73%.

W briefly fell below $0.55, with a 24-hour drop of 18.03%

BlockBeats news, on June 11, according to OKX market data, W briefly fell below $0.55 and is currently quoted at $0.5557, a 24-hour drop of 18.03%.

Solana Foundation: Some validators carried out "sandwich" attacks on users and have been removed

BlockBeats news, on June 10, according to The Block, the Solana Foundation announced that because a group of validator operators participated in the "sandwich" attack on Solana users, the foundation has removed them from the delegation plan.

Mert Mumtaz, co-founder of Solana RPC provider Helius, explained that this move will ensure that the foundation will not be delegated to validators who carry out malicious sandwich attacks on retail users.

Uniswap Labs has acquired Base ecological game Crypto: The Game

BlockBeats news, on June 11, according to Fortune, Uniswap Labs announced the acquisition of Base ecological survival game Crypto: The Game (CTG). The acquisition amount was not disclosed, but included a mix of cash, tokens and equity. As part of the acquisition, CTG founders Dylan Abruscato, Tyler Cagle and Bryan Lee will join Uniswap.

The second season of Crypto: The Game (CTG) sold out in 13 minutes. Currently, the two companies are jointly developing the third season while exploring new interactive consumer encryption experiences.

ZK Nation changed the wording of the announcement time of ZK token distribution details, changing "next week" to "this week"

BlockBeats news, on June 10, according to the relevant page information, ZK Nation changed the wording of the announcement time of ZK token distribution details, and changed the time of protocol token distribution details from "next week" to "this week".

io.net: Users participating in the Ignition Rewards Program can claim rewards on the claim website, and claims will start at 19:00 on June 11 and end at 19:00 on June 18.

BlockBeats news, on June 11, io.net stated on the social platform that users participating in the Ignition Rewards Program can claim rewards on the claim website, and claims will start at 19:00 on June 11, 2024, and end at 19:00 on June 18, 2024.

zkRollup Zircuit is about to make a major announcement

BlockBeats news, on June 11, zkRollup Zircuit officially issued a statement saying, "Major announcement is coming soon."

BlockBeats will continue to pay attention and update the latest developments in a timely manner.

Modular AI Blockchain 0G Releases Its Testnet V2 Version

BlockBeats news, on June 10, Modular AI Blockchain 0G released its testnet V2 version, marking an important step in its mission to build AI services into public products. V2 introduces a range of new features, stability fixes, and security enhancements, driving the first iteration of the 0G testnet.

Testnet Newton v2 is a Cosmos-based proof-of-stake chain that provides greater scalability and interoperability. It introduces new data availability services and committee modules to maintain high performance and reliability. These modules ensure that data is always accessible, significantly improving the efficiency and functionality of the network.

BlockBeats previously reported that 0G Labs announced in March that it had completed a $35 million Pre-Seed round of financing, led by Hack VC.

YOLO GAMES: Due to a security vulnerability in the Bazaar LBP smart contract, YOLO LBP ended early, and users who purchased rYOLO will receive a refund

BlockBeats news, on June 11, Blast ecological project YOLO GAMES stated on the social platform that due to a security vulnerability in the Bazaar LBP smart contract, the YOLO LBP sale ended early. Users will no longer be able to participate in LBP. Anyone who purchased rYOLO during the sale will receive an ETH refund based on the amount spent, which will be sorted out in the next few days.

The team is continuing to investigate this issue with the Bazaar and Blast teams and will provide further updates.

Echelon Foundation: Adjusting the unlocking schedule of "Founder PRIME" tokens, the unlocking time of Parallel Founders will be postponed for one year to June 2025

BlockBeats news, on June 11, the Echelon Foundation stated that at the request of the founder of Parallel Studios, it is adjusting the unlocking schedule of the "Founder PRIME" token issuance. The changes are as follows:

· The unlocking schedule of Parallel Studios Treasury will be postponed for one year to June 2025 and will end in December 2027;

· The unlocking schedule of Parallel Founders will be postponed for one year to June 2025;

· The unlocking schedule of Parallel founders will be extended by one year, which will change the end date of the founders' token unlocking and release to 2027. December;

· In addition to the 600,000 PRIME that has been locked for 3 years, Parallel founders will also extend the existing cache tokens in the Wayfinder cache smart contract until June 2025.

LayerZero CEO: Airdrop qualification criteria focus on real users and fair distribution

BlockBeats news, on June 11, LayerZero CEO Bryan Pellegrino posted on the X platform: "Here is how we currently consider qualifications from a broad perspective. The focus is obviously on real users and the most fair, widely distributed, highly consistent, and long-term users. To a large extent, this is inspired by the results of the Sybil process, and any real final definition will come directly from LayerZero, not me.

The initial number of wallets is 6 million, and 3 million wallets have less than 5 transactions, so we say that 3 million wallets are to be seriously considered. All transactions below $1.00 are downgraded by 80%, but are still calculated as 1/5 of normal transactions. All "worthless NFT" transactions are downgraded by 80%.

Transactions are then normalized by the protocol fee, the minimum value of this is the eligibility criteria, as is the maximum/cap, a multiplier based on early use.

Eliminate Sybil, eliminate junk transactions, semi-linear cap, reward early users, reward long-term users, reward all non-standard protocol interactions such as LPs via RFP, focus on the fairest and most optimal distribution of the protocol.

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