Ethereum Layer 2 Network Blast Announces Airdrop to Launch on June 26 | Cryptocurrency Trends

1. Mainstream Exchange Trends:

• Binance launches spot copy trading.

2. Cryptocurrency Trends:

• Osmosis, a Cosmos ecosystem DEX, announces that the v25 upgrade has been approved by Osmosis governance and has been officially launched today.
• Lawyers representing former FTX executive Ryan Salame ask the court for leniency and a prison sentence of no more than 18 months, Cointelegraph reports.
• Blast, an Ethereum Layer 2 network, announces that its airdrop will launch on June 26.
• The Fed's Neel Kashkari says that as the U.S. government's debt grows, higher borrowing costs may be needed in the short term to meet the 2% inflation target.
• Entangle, a blockchain DeFi protocol, announces the launch of its new Entangle Points Program, designed to enhance network security and activity by incentivizing users to stake NGL tokens and use eBridge.
• Sei announces a three-phase V2 upgrade plan aimed at launching the first highly performant parallelized EVM.
• The U.S. not seasonally adjusted CPI for April increased 3.4 percent over the last 12 months, down from the previous month's 3.5 percent and in line with market expectations.

3. Financing Trends:

• Humanity Protocol, a blockchain identity verification platform, raises $30 million in seed round funding.
• Raven, a proprietary trading firm, raises $2.7 million in seed round funding.
• Cross The Ages (CTA), an NFT card game, raises $3.5 million in equity funding led by Animoca Brands.

4. Regulatory Trends:

• A resolution proposed by the U.S. House of Representatives to revoke the U.S. Securities and Exchange Commission's (SEC) Staff Accounting Bulletin No. 121 (SAB 121) is expected to pass a Senate vote.
• The U.S. House of Representatives plans to vote on the cryptocurrency market structure bill, known as FIT21, next week. Co-sponsored by Patrick McHenry, Chairman of the House Financial Services Committee, the bill includes new provisions on when cryptocurrencies should be considered securities.