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The Funding: Why VCs are so bullish on the TON token
The Funding: Why VCs are so bullish on the TON token

Quick Take This is an excerpt from the fifth edition of The Funding newsletter sent to our loyal readers on June 29. The Funding is a fortnightly newsletter written by Yogita Khatri, The Block’s longest-serving editorial member. To subscribe to the free newsletter, click here.

The Block·2024/06/29 20:01
Spot Bitcoin ETFs see $73M inflow amid mixed fund movements
Spot Bitcoin ETFs see $73M inflow amid mixed fund movements

Share link:In this post: Bitcoin spot ETFs saw a $73 million inflow on June 28, with varying activity across different funds. Grayscale ETF GBTC had a $27 million outflow, while BlackRock ETF IBIT saw an $82 million inflow. The US government transferred 3,940 Bitcoin to Coinbase Prime on June 26, flagged by Arkham Intelligence. The SEC is cautiously approving Bitcoin and Ether ETFs but remains uncertain about other tokens like Solana.Disclaimer. The information provided is not trading advice. Cryptopolitan

Cryptopolitan·2024/06/29 15:52
Flash
05:46
Spokesperson for the Central Bank of Indonesia: The Central Bank will continue to strengthen its policy mix and cooperate with the government and parliament to support economic stability.
Bank Indonesia spokesperson: Bank Indonesia will continue to strengthen its policy mix and cooperate with the government and parliament to support economic stability
05:46
Ethereum falls below 1700 USDT
Foresight News reports that according to Bitget data, Ethereum has fallen below 1,700 USDT, currently trading at 1,698.00 USDT, with a daily decline of 4.11%.
05:45
LayerZero will upgrade the default DVN configuration to 3-of-3 on July 9 and plans to deprecate the v1 relayer.
Foresight News reports that LayerZero has released an update announcement, planning to upgrade the default path configuration for Endpoint v1 and v2 on July 9. Specifically: the default configuration for Endpoint v2 will be raised from 2-of-2 to a minimum of 3-of-3; the default library for Endpoint v1 will be switched from ULNv2 to ULNv301. This change only affects applications using the default settings and is expected to cause a brief interruption of about 15 minutes. In addition, LayerZero will deprecate the relayer servicing v1 (ULNv2) on August 3. Teams currently using ULNv2 need to reset to ULNv301, otherwise message delivery will cease. Regarding secure clients, LayerZero will rename the original TypeScript version of Gasolina to Aegis and simultaneously launch a Rust version of the Veritas verification client. Both will run in parallel to enhance RPC consensus robustness. At the same time, LayerZero plans to upgrade all multisig thresholds to 5-of-7 in June and to further increase them to 7-of-10 by the end of summer.
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