zkSync Says Governance to be "Handed Over" by the End of June | Cryptocurrency Trends

1. Mainstream Exchange Trends:

• Kraken: USDT will continue to be listed in Europe, with no current plans to delist. This comes on the heels of news that Kraken was planning to delist USDT in line with European regulations.
• Gemini, a Genesis creditor, announces that it will begin returning 97% of the first batch of assets in kind to Genesis Earn customers by the end of this month.

2. Cryptocurrency Trends:

• LayerZero Labs: The sybil self-reporting phase has ended, with 803,093 addresses tentatively identified as potential sybils. LayerZero's co-founder says that addresses mistakenly identified as sybils may file an appeal form.
• zkSync says it expects to "hand over governance" by the end of June, or hints at an airdrop by the end of June.
• The Fantom community considers a governance proposal related to the Sonic network to allow users to migrate FTM to S at a 1:1 ratio.
• Tether publishes its Q1 financial data, showing that its direct and indirect holdings of U.S. treasury bonds are valued at $91 billion, surpassing Germany and ranking 19th in the world.
• Notcoin announces its future plans on X, stating that its first events and products are nearing completion and will start early next week.
• It is suspected that a Wintermute address spent 2000 SOL to buy $ MANEKI at a price of $0.0098.
• The pump.fun attacker is arrested and detained by UK law enforcement, then released on bail.
• Aevo launches Aevo Airdrops, with the first projects being Swell Protocol and ZeroLend Finance.

3. Financing Trends:

• Focus Tree, a Web3 social app, raises $2 million in seed round funding with participation from Volt Capital, Psalion VC, StarkWare, Typhon Ventures, Foresight Ventures, and others.

4. Regulatory Trends:

• The Venezuelan government announces plans to disconnect cryptocurrency mines from the national grid. This move aims to regulate excessive energy consumption and ensure stable access to electricity for the country.
• SEC Policy Director Slavkin Corzo resigns. The SEC is expected to remain suspicious of crypto.