Blast Airdrop Goes Live With 50% for Community

Blast Airdrop Goes Live With a 50% Community Allocation

The Layer 2 network Blast has announced an airdrop of 17 billion BLAST tokens on June 26 as part of phase 1, with specific allocations for liquidity providers, dApps participants, and the Blur Foundation. Of this, 7% will go to users who bridged ETH or Blast's stablecoin USDB, another 7% to those earning Blast Gold, and 3% to the Blur Foundation for the community.

Additionally, Blast's tokenomics report details that 50% of the 100 billion total token supply is allocated for the community, with more airdrops planned over the next three years, while core contributors, investors, and the Blast Foundation will receive 25.5%, 16.5%, and 8%, respectively.

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VanEck Files Form 8-A, Indicating a Closer Ether ETF Launch

VanEck has filed a Form 8-A with the US Securities and Exchange Commission (SEC) for its Ethereum exchange-traded fund (ETF), progressing towards trading on an exchange upon approval. This filing follows recent amended registration statements (S-1s and S-3) by firms, including Grayscale, aiming to convert its Ethereum Trust to an ETF.

The SEC approved 19b-4 forms for eight Ethereum ETFs last month, but trading will commence only once the registration statements are effective. Bloomberg ETF analyst Eric Balchunas noted that VanEck's Form 8-A filing is a procedural step, hinting at a potential launch around July 2, similar to past spot Bitcoin ETF filings that occurred 7 days after the 8-A.

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Solana's New Tools for Crypto Transactions on Any Website

The Solana Foundation is launching tools to integrate crypto transactions into traditional websites and applications, making them universally applicable, including on platforms like X. The "Actions" tool enables onchain transactions via websites, social media, and QR codes, while "blinks" transforms any "Action" into a shareable link for crypto transactions.

Jon Wong of the Solana Foundation stated that these tools broaden internet access to blockchain protocols, promoting mainstream adoption. Early adopters testing these tools include Solana projects like Jupiter, Tensor, and Phantom. Onchain activity is also blooming as a recent report shows that 60% of the new DEX volume happened on Solana.

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ZKsync Shares 'Elastic Chain' as Part of its 3.0 Roadmap

ZKsync has introduced a new "Elastic Chain" architecture as part of its ZKsync 3.0 roadmap, shifting to a network of interoperable chains designed to function like a single blockchain, simplifying transactions to a single wallet confirmation. Starting with ZKsync Era, the project aims to have over 20 chains operational on the mainnet by the end of 2024.

Projects from the Elastic Chain include Lens Protocol, GRVT, and Cronos zkEVM and they will use the ZK Stack software kit. This update follows the ZKsync airdrop of 3.675 billion ZK tokens, representing 17.5% of the total 21 billion supply. The new architecture removes the need for network switching or manual asset bridging, improving user experience.

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Data of the day

Singapore-based cryptocurrency exchange Bybit has surpassed US-based Coinbase to become the second-largest digital asset trading platform after Binance. According to a Kaiko report, Bybit’s market share surged from 8% to 16% since October 2023, while Coinbase’s share only increased by 1%, leading to Bybit overtaking Coinbase in March.

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More breaking news

• The German government sent an additional 400 BTC ($24.3 million) to Coinbase and Kraken on Tuesday, suggesting another sale of the assets.
• Strike has launched its Bitcoin and Lightning Network payments app in the UK, offering unlimited instant GBP deposits and scheduled recurring purchases.
• Moonshot, a Pump.fun competitor, launched by crypto data platform Dexscreener on June 24 is already flooded with memecoins.
• The FRIEND token transferability whitelist has been opened to all EOAs and smart contracts to prepare for the launch of Friendchain.
• AssangeDAO's JUSTICE token surged over 80% following WikiLeaks founder Julian Assange's discharge from the UK's Belmarsh prison.

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