• Assets listed as securities in the recent SEC lawsuits against Binance and Coinbase could be impacted, with constrained market liquidity as market makers pull back, as well as them being possibly delisted. These assets include: - BNB, ADA, SOL, MATIC, BUSD, ATOM, ICP, FIL, NEAR, ALGO, SAND, MANA, AXS, FLOW, CHZ, DASH, NEXO, COTI, VGX
• $XRP lawsuit settlement news is expected soon; given the recent events, it will be very important as it could establish a precedent regarding tokens being considered securities. Hinman documents, which could provide insights on the SEC's decision to classify cryptocurrencies as securities, will become public on June 13th.
• Aave's stablecoin, $GHO, is on the horizon. There is an ongoing proposal to launch $GHO on the Ethereum Mainnet. $GHO will start with a debt ceiling of 100M and a 1.5% borrow rate, with a 30% borrowing discount for $AAVE stakers
• Mantle's governance token, $MNT, is on the verge of launch following the recent passage of the MIP-22 proposal. $BIT holders can convert to $MNT at a 1:1 ratio. BitDAO has the largest treasury, worth $3.81B, and is well-diversified with $800m in $ETH and stablecoins. Mantle has also plans for its own ZK Rollup and $meth, a yield-bearing ETH LSD
• $MKR is set to increase DAI Savings Rate to 3.49% on June 12th, causing a large impact across DeFi as borrow and supply rates will significantly increase across all stablecoins
• Following the successful $crvUSD launch, it is expected to start supporting $wstETH as collateral on June 8th, with a debt ceiling of 150M, a 15x increase from current levels, as sfrxETH is the only collateral currently supported. This will effectively increase the protocol revenue generation, with $crvUSD fees accruing back to $veCRV holders.
• $GMX V2, currently on the Testnet, is rumored to go live in late June, bringing synthetic assets, lower fees, isolated pools and implementing Chainlink low-latency oracles
• $LVL is expected to deploy on Arbitrum in June. In terms of protocol revenue, at least temporarily, it beats $GMX and $GNS in 24-hour Fees
• $SNX's v3 launch is expected soon. Already in Alpha on Optimism, the upgrade could enable Synthetix to become the liquidity layer for derivatives, with new markets and protocols built on top of it
• $YFI has two major upcoming products launching soon. First, $yETH, a basket of 5 different LSDs with boosted yields. In order to earn staking rewards, users must stake it, while also receiving protocol rewards such as swap fees and bribes on top of the already existing staking rewards. $veFYI, which will enable protocol revenue-sharing, will also launch next.
• As LSDs and stablecoins backed by them emerge, $Y2K is well-positioned as a hedge play, allowing traders to protect their exposure by betting against the pegging of these assets. Currently 50% of all protocol fees are distributed to $vlY2K holders
• $OSMO has an ongoing proposal to implement a 0.15% taker fee for every Osmosis swap, burning all fees paid in $OSMO and redistributing 67% of the remaining ones to $OSMO stakers
• $BLUR will unlock 39% of the circulating supply, worth $98m to investors and the team on June 14th, followed by a linear vesting schedule
• The $LTC halving is set for early August. Historically, Litecoin has exhibited strong performance a few months prior to it
• $VELA launches on June 26th, supporting the trading of 25 assets across crypto, forex, equities, and metals. During its beta, it attracted $5B in trading volume with 51k unique users
• $OP Bedrock Upgrade, which went live on June 6th, brought lower network fees, an 83% block time reduction, and the support of zk proofs. It comes a week after the large $OP unlock, but on-chain data doesn't show signs of investors’ selling pressure
• As Apple sets the pace in Augmented Reality with Vision Pro, tokens in this sector could benefit from it, with the leading contender appearing to be $OVR
• $UNIDX perpetual aggregator V3 is expected to launch in mid-June, integrating DEXes various from chains such as Arbitrum, Polygon, Optimism, and BNB Chain
• Crypto trading tools have surged, with Maestro, a sniper bot, amounting a $6M in revenue in May and holding 7th place in 24-hour revenue among crypto projects. While Maestro lacks a token, similar projects like $UNIBOT with a revenue-sharing mechanism might benefit from this narrative
• The Decentralized Identity narrative is gaining momentum with Worldcoin raising $115m. Tokens that could act as a proxy include $KEY and $MASK (with its Next ID project)
• $SYS wallet upgrade, Pali V2, goes live on June 5th. Additionally, Syscoin's Layer 2, Rollux - an EVM-equivalent rollup secured by Bitcoin - is set to launch on June 28th