Krypital Group June Review
👉 New investment| 👉 Projects updates👉 Events Updates
👉 Market Recap | 👉 About Krypital Group
👉Projects updates
- deBridge
1. deBridge P2P now live, a global OTC desk for DeFi. deBridge P2P is a powerful engine for lightning-fast, decentralized OTC transfers across the entire DeFi landscape Make fully non-custodial OTC deals between 13+ chains completely on your terms — with guaranteed rates and the ability to choose your counterparty
2. deBridge ARB Horizon is now live, 1,000,000 ARB tokens are now being distributed to users and dApps across the entire deBridge ecosystem.
3. OKX has integrated deBridge for lightspeed bridging in OKX Wallet, Users of OKX Wallet can now bridge right in the app with guaranteed rates, tight spreads, and near-instant settlement
- ZKX
1. The ZKX Token Launch:
• Exchange Listings: $ZKX token is listed on KuCoin, Gate.io , and Bitget from 9am UTC, 19th June.
• Airdrop 2: Criteria based on Number of Clan NFTs & OG Trade NFTs, Galxe Campaign, and Referred Volume.
• Staking: Stake $ZKX tokens to earn a share of the platform’s revenue.
• Supply Unlock: At launch, 33% of the ZKX supply will be unlocked after thorough discussions with the community.
• Network: $ZKX will be available on both Ethereum and Starknet.
- Zerolend
1. ZeroLend launched Zerolend’s LP (zLP) staking program. Users can now natively stake assets into ZeroLend’s liquidity pools.
Multiple benefits for zLP stakers.
• Getting a share of the revenue from borrowing & lending, which is distributed daily.
• Getting voting power, which is used to earn bribes and emissions.
• Getting future airdrops from the protocol.
- Injective
1. The Injective Builder House, The Builder House is a dedicated space for developers and innovators within the Injective ecosystem. It aims to provide resources, support, and collaboration opportunities for those looking to build on Injective. Events such as this are a testament to Injective’s hands-on approach to support and engagement with projects building on it.
2. The Graph Integration, injective has integrated with The Graph, enhancing data querying capabilities. This integration allows developers to access and analyze blockchain data more efficiently, fostering a more robust and user-friendly development environment.
PYTH
1. Pyth Entropy on Base, Pyth Network has launched Entropy on Base as part of an initiative to make on-chain random number generation accessible to Web3 developers building within the Base ecosystem.
https://pyth.network/blog/pyth-entropy-on-base
- Raiinmaker
1. Raiinmaker Maiinnet goes live on June 25, and tge is on July 22nd.
- Solv Protocol
1. Introducing SolvBTC.BBN, A Liquid Staking Token for Bitcoin, put BTC to work with our Liquid Staking Token for Bitcoin, which leverages Babylon’s innovative approach to share Bitcoin’s economic security with PoS.
.SolvBTC Babylon is designed for the upcoming Babylon mainnet launch.
- Aperture
1. Aperture is live on Base with over $772M in Intents Volume, Uniswap V3 LPs on Base can use Apertur’s solver network and automation solutions to streamline their liquidity management.
👉Event updates
Join us for these and other conferences in the coming months! Let us know if you’d like to meet or possibly co-host a side event, and we’d be more than happy to get in touch. In addition, we would love to attend more industry events to network through speaking or panelist opportunities. If you are organizing any event please get in touch with us at Contact@Krypital,com and we would like to discuss how we can provide support.
👉Market Recap
Bitcoin June Insight
In June, Bitcoin miners sold more than 30,000 BTC.
On June 29, it was reported that IntoTheBlock released its second-quarter market report, indicating that the amount of BTC held by long-term investors has decreased. In May, holders’ balances decreased by 160,000 BTC (approximately $10 billion), and in June, they decreased by 40,000 BTC. Since June, Bitcoin miners have sold over 30,000 BTC (approximately $2 billion). Currently, 78% of ETH is held by long-term holders. L2 transaction volumes have increased fourfold, with the top three L2 networks (Arbitrum, Base, and Optimism) seeing a fourfold increase in transaction volumes over the past year.
Bitcoin Network Active Addresses Ratio Drops to Lowest Since November 2010
News from June 28th indicates that the weekly active addresses ratio on the Bitcoin network has dropped to a low of 1.22%, falling below the record set in November 2010. Additionally, the total number of active wallets has reached its lowest point in many years. On May 27th, the weekly active addresses recorded were 614,770, the lowest since December 2018.
is similar to Ethereum’s “sepolia” network.
Trump: Hopes Remaining Bitcoin Mining Happens in the U.S.
Former U.S. President Donald Trump posted on Truth Social expressing his desire for all remaining Bitcoin to be mined within the United States (MADE IN THE USA). Trump mentioned that this move aims to ensure that critical parts of the Bitcoin industry remain in the U.S. to strengthen the country’s control and economic influence over cryptocurrencies.
Mt. Gox Trustee to Begin BTC and BCH Repayment in Early July
On June 24, according to official documents, the Mt. Gox trustee announced that they would begin the repayment of Bitcoin (BTC) and Bitcoin Cash (BCH) in early July 2024. The trustee is prepared to initiate the repayment process to cryptocurrency exchanges as per the rehabilitation plan requirements. The trustee stated that they have completed the necessary information confirmation and exchange with the relevant exchanges to ensure the security and compliance of the repayments. The specific repayments will proceed according to the order in which the exchanges complete their information exchanges.
ETH June Insight
SEC Chairman: Speed of Spot Ethereum ETF Listing Depends on Issuer’s Response Time
On June 6, SEC Chairman Gary Gensler stated in a Wednesday announcement that the timeline for spot Ethereum ETFs to start trading largely depends on how quickly the ETF issuers respond to the SEC’s inquiries. He said, “These registrants proactively respond to the feedback they receive, but the degree of response is actually up to them.” Gensler declined to speculate whether this process would take weeks or months. He also noted that last year’s lawsuit by Grayscale forced the SEC to approve a spot Bitcoin ETF in January, which has influenced the SEC’s perspective on Ethereum.
Vitalik: Ethereum L1’s Development Direction is Clear, But Ecosystem Infrastructure Lacks Consensus
Vitalik Buterin, co-founder of Ethereum, stated that the development direction of Ethereum Layer 1 (L1) is relatively clear, but there is a lack of consensus on the ecosystem’s infrastructure. He highlighted that many key technologies, such as “built-in bridging,” “Rollup decentralization technology,” and “multi-validator” setups, are not L1 features but rather challenges in higher-level ecosystem construction and standardization. He pointed out that having a roadmap is not enough; resources are also needed for execution. Despite good progress with projects like ERC-7683 and Waku, more similar initiatives with clear resources and motivation are required.
Vitalik: Spirit of Crypto Idealism Still Alive with Projects Like Farcaster, Lens, and Zupass
On June 19, Vitalik Buterin emphasized that the spirit of idealism in the crypto community is still alive, highlighting several projects driving these ideals forward. He mentioned decentralized social platforms like Farcaster and Lens, funding models using quadratic and retrospective funding, privacy-protecting ETH sending method Zupass, and ZK voting (zero-knowledge proof voting). These advancements show that the crypto community is actively exploring and promoting broad societal applications of technology beyond financial applications.
ETHGlobal Announces Seven Finalist Projects for StarkHack Hackathon
On June 27, ETHGlobal announced the finalist projects for the StarkHack hackathon, with seven projects selected:
- Chain Monsters: A blockchain-based turn-based RPG where players control monsters for PvP battles.
- Zap: A mobile email wallet that uses SecureEnclave, account abstraction, and TLSN proofs to provide a Web2-like user experience.
- zkPages: A zero-knowledge digital content storefront where users can create their own digital content shops on Starknet.
- Solas: A proof system based on Starknet that allows the creation and signing of any form of data proof.
- StarkSwirl: A privacy-preserving token mixer enabling users to maintain privacy on the public blockchain Starknet.
- zKastle: A single-player strategy card game where players manage resources, upgrade villages, and make tactical decisions.
- 512 Karat: An entirely on-chain generative art ERC-721 project.
These projects were selected from over 150 submissions.
👉About Krypital Group
Founded in 2017, Krypital Group is a leading global venture capital firm and blockchain incubator with active arms in North America, Asia and Latin America. Vested in a complete blockchain ecosystem, the company has specific investment funds for both primary and secondary markets, as well as providing end-to-end services such as project incubation, brand management and technical advisory. To date, Krypital Group has invested and incubated more than 100 projects so far.
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