Analyses

Daily News Summary 20/6

June 20, 2024 Tóth Balázs
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LayerZero Airdrop Claims Start Today

The LayerZero Foundation, which supports the LayerZero omnichain interoperability protocol, has announced that claims for its native token, ZRO, airdrop start today. Eligibility can be checked on a platform launched by the foundation. ZRO has a fixed supply of 1 billion tokens, with 38.3% allocated to users, developers, and community members. As part of the airdrop, 8.5% of the supply, or 85 million ZRO tokens, can be claimed by eligible participants.

Australian Stock Exchange Launches VanEck Bitcoin ETF

The Australian Stock Exchange (ASX) has introduced the VanEck Bitcoin exchange-traded fund, making it the platform’s first spot Bitcoin ETF. The ETF will trade under the ticker VBTC and currently has approximately AUD 982,850 (USD 655,560) in net assets. VBTC operates as a feeder fund, allowing investors to gain exposure to Bitcoin by investing in the VanEck Bitcoin Trust (HODL) listed on the U.S. stock exchange.

Particle Network Receives $15 Million

Particle Network, a blockchain development company focused on chain-abstraction technology, has raised $15 million in a Series A funding round. The round was co-led by Spartan Group and Gumi Cryptos Capital, with participation from Flow Traders and HashKey Capital. This round brings Particle’s total funding to $25 million ahead of its mainnet launch.

MicroStrategy Continues BTC Acquisitions

Michael Saylor’s bitcoin-maximalist company, MicroStrategy, has purchased an additional 11,931 BTC for approximately $786 million, at an average price of $65,883 per bitcoin. With this new purchase, its total holdings have increased to 226,331 BTC. According to Saylor, the total stash was acquired at an average price of $36,798 per bitcoin, costing about $8.33 billion, including fees and expenses.

Japanese Gaming Giant Chooses Avalanche

Konami Digital Entertainment’s digital branch has announced that its Resella NFT platform has chosen the Avalanche Subnet as its blockchain. The platform will be supported by Ava Labs’ AvaCloud Web3 launchpad service, ensuring efficiency and zero gas fees for users, while maintaining consistent processing speeds.
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