According to data from Token Unlocks, several projects will undergo significant token unlocks this week, including:

Aptos($APT ) will unlock 11.31 million APT on June 12, valued at approximately $96.7 million, accounting for 2.58% of the circulating supply;

Immutable($IMX ) will unlock 25.53 million IMX on June 14, valued at approximately $51.32 million, accounting for 1.72% of the circulating supply;

Cyber($CYBER ) will unlock 886,000 CYBER on June 14, valued at approximately $7.28 million, accounting for 3.96% of the circulating supply;

Starknet($STRK ) will unlock 64 million STRK on June 15, valued at approximately $74.88 million, accounting for 4.92% of the circulating supply.

☠️☠️☠️Binance will delist and cease trading on all spot trading pairs for the following token(s) at 2024-06-17 03:00 (UTC):

• OmiseGO ($OMG )
• Waves ($WAVES )
• Wrapped NXM ($WNXM )
• NEM ($XEM)

Binance has conducted these reviews, considering a variety of factors.
Below are some that drive whether Binance decide to delist a digital asset:
• Commitment of team to project
• Level and quality of development activity
• Trading volume and liquidity
• Stability and safety of network from attacks
• Network / smart contract stability
• Level of public communication
• Responsiveness to our periodic due diligence requests
• Evidence of unethical/fraudulent conduct or negligence
• New regulatory requirements
• Contribution to a healthy and sustainable crypto ecosystem

DWF Labs has deposited 97 million $JASMY (worth $3.3 million) into Binance over the past 3 days.
Each day, DWF Labs has reduced their holdings of $JASMY , and each deposit has been followed by a short-term price drop.
Their current holdings amount to 24 million $JASMY (approximately $841,000), with a total profit of $9.49 million (+307%).

On June 2nd at 5:30 AM(UTC+8), 1 billion $XRP was transferred from an unknown wallet (starting with rw2hzLZ) to Ripple in three transactions.

At approximately 5:41 AM, Ripple locked a total of 800 million XRP (in two transactions) into an custodial wallet, with a total value exceeding $416 million.

Then at 5:47 AM, 200 million $XRP was transferred from another unknown wallet (starting with rhyp1uM) to Ripple.

Additionally, two unknown wallets (starting with rw2hzLZ and rDqGA2G) unlocked a total of 1 billion $XRP , with each unlocking 500 million XRP, valued at over $519 million.

Velocore has released an incident analysis report on a vulnerability event that resulted in approximately $6.8 million in $ETH losses due to a hacker attack. Measures have been taken to ensure the vulnerability can no longer be exploited. The team is actively investigating, tracking the hacker during on-chain negotiations, and has requested cooperation from various protocols and centralized exchanges to investigate the attacker's activities. They are also maintaining close communication with security partners and foundations. Based on these investigations and collaborations, they will continuously adjust their future plans. For affected users, the team took a snapshot of the blockchain state before the incident. Once operations resume, an appropriate compensation plan will be implemented to address the losses suffered by users.

The DEX Velocore, deployed on zkSync and Linea, was allegedly hacked, resulting in the theft of all users' LP tokens. The hacker converted the stolen assets into $ETH and transferred the $ETH to the Ethereum mainnet via a cross-chain bridge. Currently, the hacker has transferred all the $ETH , amounting to 1,807 ETH($6.88M), to an address starting with 0xe40.

Two hours ago, an address associated with Amber Group deposited 2.96 million $FRONT (worth $4.26 million) to Binance. Between April 27 and May 20, this address accumulated 11.9 million $FRONT from multiple exchanges at an average price of $1.03. If all the tokens are sold this time, the profit would be $1.09 million.

A whale has withdrawn 8,400 ETH (worth approximately $31.86 million) and 360 BTC (worth approximately $24.54 million) from Binance in the past two hours, depositing them into Venus as collateral. Subsequently, the whale borrowed 58,000 BNB (worth approximately $34.45 million) from Venus and transferred it to Binance.

$BTC $ETH $BNB

⛏️ Introducing Renzo (REZ) on Binance Launchpool
Renzo is a protocol that simplifies staking complexity for users and facilitates seamless collaboration with EigenLayer node operators and Validated Services (AVSs).
ezETH is Renzo's liquid restaking token that provides users with exposure to restaking while retaining liquidity.

💰 Native Utility & Governance Token - $REZ
$REZ will be utilized for voting on governance proposals concerning matters related to the Renzo protocol, including critical operational measures.

📊 Token Metrics
- Token type: ERC-20
- Total Supply: 10,000,000,000
- Initial circulating supply: 1,050,000,000 (10.50%)
- Binance Launchpool Allocation: 250,000,000 (2.50%)

👀 Key Highlight
After restaking ETH, there can be an issue of liquidity being locked up. Renzo's solution is to use a derivative token called ezETH to unlock liquidity from restaked ETH.
As the number of EigenLayer Validated Services (AVS) increases, different validation configuration strategies will offer varying returns and risks. Renzo can leverage its algorithm to dynamically balance returns and risks in real-time, replacing the need for users to make complex configuration choices and assisting them in achieving stable, high returns.

🔭Price Prediction
Based on previous BNB Launchpools, and assuming an APR of 90% for this mining period duration of 6 days, the token price is projected to be 0.8 USDT. With a conservative estimate derived from a minimum yield rate of 70%, the price is estimated to be approximately 0.6 USDT. However, considering the average market capitalization of Binance Launchpool projects to be in the range of 400M to 500M, the floor price is anticipated to reach 0.5 USDT.

⚠️ Binance will be the first platform to list the token. Any claims to offer this token for sale before the stated timeline are false advertising. Please do your own research to ensure safety of your funds.

#BinanceLaunchpool #priceprediction #RENZO #Megadrop