Terraform agrees to pay $4.47B, and the Biden campaign may accept crypto donations!

M6 Labs Alpha Bytes 🚨 June 13th

GM anon ☕🐺

In today’s Alpha Bytes👇

Terraform agrees to pay $4.47B in a proposed judgment with the SEC. Biden campaign in talks to accept crypto donations through Coinbase Commerce. Brazil’s largest bank opens crypto trading for all customers.

BTC $67,729 (+0.39%), ETH $3,510 (-0.43%), SOL $152.20 (+0.19%)

Crypto News 📰

  • Federal Reserve pauses interest rate hikes, remains at 5.25% - 5.50% 

  • Bitcoin miners rise 10% after Trump promises to back US miners 

  • Bitcoin whales scoop up $1.4B in 24 hours amid market correction 

  • Largest Ethena (ENA) Staker Sells $14.1M in Tokens, Suffers $13M Loss 

  • Average fees on Arbitrum rise 97%, daily transactions increase 

  • OKX confirms user accounts drained via Identity Theft 

  • Andrew Tate token surpasses MOTHER amid claims of insider activity 

  • Telegram’s TON Blockchain Surpasses Ethereum in Daily Active Addresses 

  • ZkSync faces community backlash over lack of anti-Sybil measures in ZK airdrop 

Project Updates 🔥 

  • Aethir is launching its token 🚀 

  • Sui Bridge is now live on testnet! 

  • Chromia incentivized testing program  

  • Ripple to use Axelar as bridge protocol for EVM sidechain 

  • Ripple: Introducing Ripple USD (RLUSD) 

  • Eigen Labs announces the acquisition of the @RioRestaking team  

  • @MetaMask will begin offering 'pooled staking' to users of its Ethereum wallet 

Threads 🧵 

Fundraise 💰

  • Irys raises a total of $8.9M in Lemniscap-led funding round 

  • Layer3 raises $15M Series A ahead of token launch and airdrop 

  • @layer3xyz secured $21M in total funding 

  • Pixelverse raised $5.5M 

  • Codatta Secures $2.5M Seed Round Funding, Led by OKX Ventures  


  • Kelp DAO (limited time campaign; June 3- 16)   

  • @AethirCloud airdrop   

  • BNB Chain 📢 Announcing Chapter 3 of the BNB Chain Airdrop Alliance! 🎉 

  • $ENJOY Airdrop 2.Season 1 

Videos 🎥

Analysis 📊


That's a wrap for today!

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