🚨🕷 Developers Warn Against 'Bug-Free' Bitcoin Myth
In today’s edition: 💰 Symbiotic hits $1B TVL, 👁 WLD price rises despite unlock fears, 📊 Ethereum's annual fee revenue tops $2.7B, and more!
👯♀️ Refer Unchained with a friend and earn a Premium subscription
Gevulot is the universal proving infrastructure for ZK. Try ZkCloud with free usage, plus extended grant opportunities for premier customers, until 'Q1 2025.
Build app-specific rollups with Web2 tooling without the constraints of Web3! Explore grants of up to $50,000 to bootstrap your project and start building! Learn more.
Bits + Bips: Ethereum and Solana ETFs and Why Crypto Is Poised for a Breakout
This episode of Bits + Bips explores the impact of political outcomes on Solana ETFs, the SEC’s delay on Ethereum ETFs, bitcoin’s performance against the NASDAQ, and more.
Are Solana ETFs on the brink of approval? How might political outcomes influence this decision?
Join hosts James Seyffart, Alex Kruger, and Joe McCann as they delve into the latest buzz around Solana’s potential spot ETFs, dissect the SEC’s puzzling delay on Ethereum ETFs, and debate why bitcoin’s recent performance has diverged from the NASDAQ.
They also discuss the US presidential election, the event that Alex says was the “second most bizarre thing” he’s seen in his life, what the bond market seems to indicate about expectations for a Trump presidency, and how upcoming nonfarm payroll reports and potential rate might affect the markets.
Listen to the episode on Apple Podcasts, Spotify, Pods, Fountain, Overcast, Podcast Addict, Pocket Casts, Amazon Music, or on your favorite podcast platform.
What’s Poppin’?
by Sage Young and Sam Sriram
Perception That Bitcoin Core Never Has Bugs ‘Dangerous,’ Say Developers
Bitcoin core developers have set up a new security policy, noting that the project has “historically done a poor job at disclosing security-critical bugs.”
New Restaking Protocol Symbiotic Crosses $1 Billion in Total Locked Value
Symbiotic has attracted 318,227 ETH since its inception less than a month ago, gaining some ground against restaking first mover EigenLayer, which has 5.09 million ETH in its smart contracts.
Worldcoin’s WLD Jumps in Price in Past Day Despite Upcoming Increases in Daily Token Unlocks
WLD’s recent price movement comes as Tools for Humanity, a software firm developing Worldcoin, hired executives from top traditional technology firms such as X, Google, Apple, Meta, and Tesla.
Ethereum Earns $2.7 Billion in Fees Each Year: Lookonchain
Lookonchain found that Ethereum earns over $2.7 billion in fees per year — more than twice the amount of fees generated by Bitcoin.
Daily Bits… ✍️✍️✍️
🔮 Traders on Polymarket increased the odds of President Biden dropping out of the 2024 race to nearly 80% following a New York Times report.
📜 Hong Kong regulators plan to adjust crypto rules as needed, according to finance secretary Christopher Hui. His comments come amid questions of whether the country would relax crypto licensing regulations following the withdrawal of license applications by major exchanges in May.
📄 Bitwise refiled its S-1 for an Ethereum ETF ahead of the July 8 deadline, potentially bringing the product to market as soon as next week.
⚖️ An Illinois judge ruled in favor of the CFTC, declaring tokens OHM and Klima as commodities in a case involving a crypto Ponzi-like scheme.
📧 Coinbase argued that SEC Chair Gary Gensler's emails are a valid source of discovery in its ongoing lawsuit with the regulatory body.
📉 Friend.tech's decision to stay on Coinbase-incubated layer 2 blockchain Base led to a 25% drop in its token price, hitting an all-time low.
🔐 Obol Labs formed a group with Ethereum ecosystem companies to advance distributed validator technology for blockchain security and decentralization.
🛡️ Consensys acquired Wallet Guard to strengthen MetaMask's security, integrating its team into the MetaMask product safety team.
Today in Crypto Adoption...
🇳🇬 Nigeria plans to establish nationwide research centers focused on AI, the Internet of Things (IOT), and blockchain to enhance its technological development.
The $$$ Corner…
💸 QED Protocol secured $6 million in seed funding from Blockchain Capital, boosting its valuation to at least $100 million, according to founder Carter Feldman.
💻 Compute Labs, focused on Solana-based GPU tokenization, received $3 million in pre-seed funding, reaching a fully diluted token valuation of $30 million.
What Do You Meme?
📈 Your Market Update 📉
BTC is down 4.3%, trading at $57,537
ETH is down 4.8%, trading at $3,152
BTC dominance: 50.88%
Crypto market cap: $2.23T
*All data as of today, 06:40 am ET. Source: CoinGecko
Recommended Reads
Unchained: What Are Based Rollups and How Do They Work?
DL News: Want to market Ethereum ETFs to boomers? Call them high-growth tech plays
The Defiant: Memecoin Infrastructure is Taking Over DeFi
We Are Hiring!
A Bitcoin Reporter to cover all things Bitcoin. See the details and apply here.
A Regulatory Reporter to cover regulatory topics in the space. See the details and apply here.
A Senior Editor to help assign and edit daily news stories, as well as work on features and other editorial projects as needed. See the details and apply here.
An Audience Development Director to broaden the reach of the publication’s content, whether through the web, social media, newsletters, podcast platforms, or videos. See the details and apply here.
🔝 Are you hiring and want to promote the postings in the Unchained newsletter? Let us know!