Fed Should Cut Interest Rate as Restrictive Stance Adds to Inflation, Democrats Say Elevated interest rates aimed at taming inflation have become a part of the problem, three Democrat senators said.

ZKsync’s ZK Airdrop Is Coming ‘Next Week,’ Here’s What to Expect According to the plan released Tuesday, 17.5% of ZK’s 21 billion total token supply will be airdropped to users beginning “next week.”

Meme Sector Sees Sharp Sell-off as GameStop Losses Extend to 60% A Solana meme parody of the actual company was down 25% in the past 24 hours, with steep losses across other meme tokens that tended to move in tandem with GameStop.

Bitcoin Slips Below $68K as ETFs Bleed $64M, Asian Stocks Decline The U.S.-listed spot BTC ETFs registered a cumulative outflow of over $64 million on Monday.

Protocol Village: Wormhole Opens W Staking The latest in blockchain tech upgrades, funding announcements and deals. For June 10 – June 17.

AI-Linked Crypto Tokens Underperform as Apple’s Event Fails to Impress Traders Tokens of Render, Fetch.ai, SingularityNET and Bittensor slumped 3%-5% despite mostly flat bitcoin and broader crypto prices.

In Defense of Meme Coins The only thing worse than meme coins is complaining about the financialization of memes.

Optimism Finally Gets Its Mission-Critical ‘Fault Proofs’ For years, Optimism was missing a core feature at the heart of its design: “Fault proofs.” On Monday, that tech is finally here.

EU Vote See Reelection of Some Officials With Key Roles in Bloc’s Crypto Journey Among the MEPs retaining their seats is Stefan Berger, who steered the landmark MiCA legislation.

Solana Heavyweights Wage War Against Private Mempool Operators

Why Zoomers Should Embrace Bitcoin: An Open Letter to Gen Z A high school junior makes the case to her peers.

Stablecoin Issuers Want to Give Something Back in Multi-Trillion-Dollar Market Race Amid a new generation of yield-bearing stablecoins, PayPal is confident in its purely payments-focused PYUSD.

Coinbase’s Former Head of Communications Joins Worldcoin

Senate Bill Could Open Crypto to U.S. Sanctions, but Industry Trying to Head it Off A piece of legislation with heavy implications for the digital assets sector made it through the Senate Select Committee on Intelligence’s funding package recently without most in the industry – and many in Congress – apparently aware of it, but industry insiders consider its chances for survival to be limited.

Crypto Custody Firm Fireblocks Partners With Coinbase International Exchange for More ‘Reliable’ Trading Fireblocks customers can now connect to their Coinbase International Exchange account and protect exchange operations using the custody tech firm’s governance and policy rules.

Macron Calls Surprise French Election That’s Unlikely to Stir Crypto, Is Likely to Shake Up Government The French president called a snap election after an unexpectedly poor showing in voting for the European Parliament.

Squads Labs Raises $10M Series A, Unveils Smart Wallet for Public Testing on iOS The funding round led by Electric Capital included participation from RockawayX, Coinbase Ventures, L1 Digital and Placeholder.

Fidelity International Tokenizes Money Market Fund on JPMorgan’s Blockchain The U.K. firm joined JPMorgan’s Tokenized Collateral Network (TCN), piloting the tokenization of its own money market fund for the first time with Onyx Digital Assets.

Defi Protocol UwU Lend Suffers $19.3M Exploit: Arkham Lending and liquidity protocol Uwu Lend has suffered an exploit worth $19.3 million, according to several blockchain security firms.

First Mover Americas: Bitcoin Little Changed After Liquidation Rout The latest price moves in bitcoin (BTC) and crypto markets in context for June 10, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.