👀SEC Receives Updated Spot Ether ETF Filings

Together with

GM Challengers!

Spot Ether ETF hype continues to dominate the news cycle, with the SEC receiving a flurry of updated requests from potential issuers. Ethereum ecosystem assets are also outperforming broader crypto markets as analysts believe Ether ETFs could soon receive approval.

ZkSync is rumored to be preparing to announce its highly anticipated token before the end of the week. Last week, the leading Ethereum scaling company reaffirmed its commitment to decentralization.

Furthermore, Kakarot launched a testnet for its Cairo-based ZK-EVM. The project aims to introduce EVM compatibility into the Starknet ecosystem.

Additionally, Yuga Labs ruffled feathers with an official CryptoPunks collaboration, Fantasy.Top launched its second round of rewards for creators, WHALES recovered after rolling out a memecoin launchpad, and Bitcoin miner revenues fell by half.

✍️ In today’s newsletter:

• Updated Spot Ether ETF Filings Drive Uptrend
• ZkSync airdrop announcement could be imminent
• Kakarot Launches ZK-EVM Testnet
• Yuga community unhappy with CryptoPunks collaboration
• Fantasy Top creators unhappy with opaque distribution of rewards
• Whales Market Ships Memecoin Launchpad
• Miner revenues dry up after Bitcoin halving

🙏Sponsored

📈 Markets of the last 24 hours:

🎬WATCH

Check out our interviews from the recent ETHDenver Buildathon. And look at our in depth explainer on DeFi derivatives.

THANK YOU TO OUR NEWSLETTER SPONSORS

| THE NEWSLETTER CONTINUES BELOW |

Stellar allows manufacturers to unleash human and economic potential. Explore the new Stellar smart contracts platform, Sorobándesigned for scale and sensitivity.

Safe{Wallet} is considered the most secure wallet in the web3 space, trusted by Vitalik Buterin and leading projects to protect over $100 billion in assets. The smart wallet is widely known for its multisig functionality, offering robust security measures, convenient account recovery, and access to a thriving ecosystem of over 200 integrated apps.

Win from $12,000,000 in NEXO tokens! Get rewards when you buy crypto, trade, top up and much more. Download the Nexo app, collect points and win big!

📄Spot Ether ETF Hopes Update Filings, Extending SEC Approval Deadline

The SEC received updated files Since five potential issuers of spot Ether ETFs. New deposits in particular mention removed plans for funds intended for stake their underlying Ether. James Seyffart, an ETF analyst at Bloomberg, said the amended requests mean the SEC won’t issue a verdict on the funds for at least a few weeks.

🚦Here are all the signs an ETH ETF approval could be imminent

Analysts expect the The SEC could soon give the green light the cohort waiting for Potential Ether Spot ETFs. The news comes like a gap months of pessimism concerning fund outlook.

📈Ethereum ecosystem tokens surge on hopes of one-time ETF approval

Spot Ether ETF Uptrend Has Been Triggered impressive gains for tokens throughout the Ethereum ecosystem. Leading Ethereum Layer 2 and DeFi assets are among the the most efficient top 100 cryptocurrencies of recent days.

🪙ZkSync could launch a token this week

THE crypto rumor mill it’s a tip ZkSyncone of the best Ethereum scaling teams, could announce plans to airdrop a token in the coming week. Gossip follows long term speculationwith Bet on Polymarket traders the token will be live by July with a probability of 76%.

⛓️Kakarot ZK-EVM launches Testnet, paving the way for EVM compatibility on Starknet

Kakarot’s, based in Cairo modular ZK-EVM is now live on testnet. The project, supported by StarkWare and Vitalik Buterin, plans to introduce EVM Compatibility At Starknet ecosystemopening the floodgates to the establishment Ethereum DeFi Protocols.

SPONSORED ARTICLE

THE Guru Network aims to integrate AI and blockchain technologies to enhance real-world business applications across multiple chains. This multi-chain AI computing layer uses the CCIP protocol to secure messaging and value transfer, positioning itself as a “layer 3” solution. Key features include reliable off-chain data integration and automated business process management, which aim to reduce user errors and streamline operations. The network facilitates an environment where developers, known as “gurus,” can deploy AI-powered applications and workflows, improving the scalability and efficiency of supported blockchains. Incentives are offered for contributions to network growth and functionality, with a focus on fostering a collaborative ecosystem for individual and enterprise-level participants.

READ MORE: Guru Network: Multi-Chain AI Computing Layer

💥Yuga Labs’ ‘Punk in Residence’ First Release Sparks Controversy

THE Yuga Labs Community East Rebell after the NFT company revealed its first official CryptoPunks collaboration with artist Nina Chanel Abney. THE Punk in residence program will feature a series of collaborations between CryptoPunks and artists who hold CryptoPunks.

💰Fantasy.Top Creators will receive nearly 600 ETH in rewards

Fantasy.Top distributed around 600 Ether in royalties to creators. However, recipients are unhappy lack of transparency surrounding how awards were givenprompting the project to commit to disclosing more information about how rewards will be distributed in the future.

🐋Whale Market Token Surges 30% After Memecoin Launchpad Release

The launch of Whales.memeA memecoin launch pad from Whale Market, sent the price of the project Flying WHALE token. The deployment of the platform follows the meteoric rise of Pompe.fun.

⛏️Bitcoin Halves Constraints on Miners as Revenues Drop

Proof-of-work miners are in trouble after Fourth Bitcoin Halvingwith reduced block rewards resulting in rreduced rewards for validators. Bitcoin hashrate is down 9% sinceThe upgrade went live, reporting that many miners were forced to stop operations.

🌍 SOMEWHERE ELSE

• Hong Kong orders crypto project Worldcoin to shut down operations in the city over “excessive” data collection (Hong Kong Free Press)
• Bitcoin arrives on Ethereum Stalwart MetaMask: sources (CoinDesk)
• Ethereum liquid redemption platform Kelp raises a funding round at a valuation of $90 million (The block)
• Exploiter returns stolen funds after gala games freeze $180 million (unleashed)

🔥 TRENDY

Source