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- SEC Closes Ethereum 2.0 Investigation🇺🇸 - Issue #146
SEC Closes Ethereum 2.0 Investigation🇺🇸 - Issue #146
Issue #146: Web 3 News Headlines Of The Week📆
The SEC has concluded its investigation into Ethereum 2.0, affirming that ETH sales are not securities transactions.

In a significant development for the crypto community, Consensys Software Inc. announced that the U.S. Securities and Exchange Commission (SEC) has decided to close its investigation into Ethereum 2.0.
Huge win for Ethereum, @Consensys and @ethereumJoseph
"Today, the Enforcement Division of the SEC responded by notifying us that it is closing its investigation into Ethereum 2.0 and will not pursue an enforcement action against Consensys."
— Tommy (@Shaughnessy119)
1:05 AM • Jun 19, 2024
This decision came after Consensys sent a letter to the SEC inquiring about the categorisation of Ether, following the approval of Spot Ether ETFs. The closure of the investigation was confirmed by the SEC’s enforcement division, which Consensys hailed as a major victory for the blockchain industry.
Initially launched in March 2023, the investigation aimed to scrutinise the transactions involving Ether. Consensys had earlier filed a lawsuit against the SEC, challenging the classification of Ether as a security. With the SEC’s decision not to pursue enforcement action, Consensys expressed optimism, emphasizing their ongoing legal efforts to ensure that products like MetaMask Swaps and Staking remain compliant with the SEC’s laws.
LayerZero $.10c Per $ZRO Claim Mechanism🪙
LayerZero's new "Proof-of-Donation" mechanism requires users to donate $0.10 per ZRO token claimed, generating significant funds for Ethereum's Protocol Guild.

LayerZero has introduced a unique method for claiming its ZRO token, requiring users to donate $0.10 in USDC, USDT, or ETH per ZRO claimed. This "Proof-of-Donation" mechanism aims to generate up to $18.5 million for Protocol Guild, a collective supporting Ethereum core researchers and developers. LayerZero’s foundation will match donations up to $10 million, underscoring their commitment to community and protocol health.
Today LayerZero is introducing a new claiming mechanism called Proof-of-Donation, which will result in ~$18.5 million donated to @ProtocolGuild, a collective funding mechanism for Ethereum developers.
Protocol Guild and Ethereum's core developers have been fundamental to… x.com/i/web/status/1…
— LayerZero Foundation (@LayerZero_Fndn)
10:50 AM • Jun 20, 2024
However, this approach has sparked mixed reactions within the crypto community. Critics argue that mandatory donations resemble an initial coin offering (ICO) and question the ethics of such a requirement. Despite this, LayerZero Labs' CEO, Bryan Pellegrino, defended the mechanism, highlighting that participation is optional and emphasizes long-term support for the protocol.
ZachXBT’s $150k Win Over Martin Shkreli’s $DJT 💰
Crypto investigator ZachXBT earned a $150,000 bounty for revealing that Martin Shkreli is behind the DJT token, dispelling rumours of its connection to Donald Trump.

Crypto investigator, ZachXBT recently won a $150,000 bounty from blockchain analytics platform, Arkham for uncovering Martin Shkreli as the creator of the DJT token.
For those who are confused and need additional context.
Earlier today Arkham announced a $150K bounty for the identity of the DJT creator
11:49 pm UTC I reply to Arkham saying I submitted for the bounty
11:57 pm UTC Martin Shkreli panic DM’s me
12:27 am UTC Martin Shkreli… x.com/i/web/status/1…— ZachXBT (@zachxbt)
1:38 AM • Jun 19, 2024
This revelation came after rumours suggested that the token was linked to former President Donald Trump, causing its price to surge dramatically. Shkreli, known for his past controversies, admitted to creating the token, which he falsely associated with Trump's campaign.
Shkreli's involvement stirred significant attention, especially after he challenged another trader with a hefty wager on the token's legitimacy. Despite Shkreli's claims of Trump’s involvement, there is no verified evidence to support this.
Stop Missing Crypto News Anon 🚨👋
We know the market is starting to look even more interesting than ever, however…DON’T IGNORE THE NEWS📰
Get your FREE fix of frequent accurate, user-focused & rapid news from RR 👇
Trumps $2bn $BTC Donation🍊
The Winklevoss twins donated $2 million worth of bitcoin to Donald Trump, endorsing him as the pro-crypto candidate for the upcoming election.

In a notable intersection of politics and cryptocurrency, the Winklevoss twins announced their donation of $2 million worth of bitcoin to former President Donald Trump.
Each twin donated $1 million in bitcoin, highlighting their support for Trump's pro-crypto stance. The twins criticized the current administration’s approach to cryptocurrency regulation, positioning Trump as the preferable candidate for the industry.
I also just donated $1 million in bitcoin (15.47 BTC) to @realDonaldTrump and will be voting for him in November.
Here’s the TL;DR — President Trump is:
Pro-Bitcoin
Pro-Crypto
Pro-BusinessAnd he will put an end to the Biden Administration's war on crypto. Onward!
— Cameron Winklevoss (@cameron)
7:45 PM • Jun 20, 2024
Their donations reflect a broader trend of crypto becoming a significant topic in political discourse. As Trump’s campaign starts accepting crypto contributions, support from influential figures like the Winklevoss twins could play a crucial role in shaping the future of crypto regulation in the United States.
A Week At RR 🗓️
Check out this week’s content published to stay up to date with the latest research trends & crypto talking points👇
: Solving Verification Ability For Bitcoin L2s W/ Co-Founder @0xkevinhe 🟧
Bitlayer Co-Founder @0xkevinhe joined us for an interview to discuss what they are building👇
TL;DRđź“°:
• Limitations of Bitcoin that heighten the need for scaling solutions like Bitlayer🛑… x.com/i/web/status/1…— The R Roundup.eth (@TheRRoundup)
6:49 PM • Jun 19, 2024
RR Files🗂️
Wondering what we are reading this week at RR?
Worry no further!
🚀 Symbiote VC Sync: Supercharging Web3 Startups 🚀
Session 2 - BTC DeFi Spotlight đź’¸
In our "VC Sync" series we're connecting startups and VCs to ignite innovation and forge new partnerships.
Tune in weekly to discover cutting-edge projects and visionary ideas from Symbiote… x.com/i/web/status/1…
— Symbiote (@SymbioteSync)
8:29 PM • Jun 19, 2024
Many Web 3 Teams Treat Content Like A Separate Issue
Rather Than Viewing It Like A Crypto-Native Problem
🧵👇
(x/7)
— RR Labs (@TheRRLabs)
2:24 PM • Jun 21, 2024
Thanks @TheRRoundup for inviting @0xkevinhe, co-founder of @BitlayerLabs, on the latest episode: Solving Verification Ability for Bitcoin L2s 🟧
If you're interested in Bitcoin L2 technology, Bitlayer's architectural approach, and what we're building, catch the recap here👇!
— Bitlayer (@BitlayerLabs)
2:09 AM • Jun 20, 2024
where's the evidence? i had 4 eyewitnesses on a space who said it happened the way i did. you have a screenshot, right?
— Martin Shkreli (e/acc) (@MartinShkreli)
3:16 PM • Jun 21, 2024
$DJT bounty resolution found below:
platform.arkhamintelligence.com/explorer/tx/0x…x.com/i/web/status/1…— Arkham (@ArkhamIntel)
4:58 PM • Jun 19, 2024
Down 61%
Down 83%
Down 95%
Down 55%
Down 92%— Wazz (@WazzCrypto)
2:32 PM • Jun 21, 2024
gcr encyclopedia
— Chimp (@Cryptanzee)
3:10 PM • Jun 20, 2024
My theses for the rest of 2024:
1. We end the year at ATHs for majors (BTC, ETH, SOL)
2. Tokens with big unlocks continue to underperform. Mostly because funds that are unlocking try to get back above high watermark from prior cycle so are less price sensitive (will take a 3-4x… x.com/i/web/status/1…
— Santiago R Santos | #9159 (@santiagoroel)
3:29 PM • Jun 21, 2024
Leveraged Restaking is a strategy designed to maximize returns by compounding the staking rewards on a PoS blockchain.
Here’s a Step-by-Step Process of how it works. 🧵 x.com/i/web/status/1…
— Chainrisk Labs (@chain_risk)
3:11 PM • Jun 21, 2024
1/10 🚀 The "Symbiote VC Sync" series bridges startups & VCs, fostering introductions & sparking innovation.
In our inaugural session, we heard from two groundbreaking companies in blockchain infra: @DonBit_ and @chain_risk.
Here’s a quick rundown of the discussion 🧵👇
— Symbiote (@SymbioteSync)
10:26 AM • Jun 21, 2024
absolute current state of my feed
— Curb◎ (@CryptoCurb)
10:41 AM • Jun 20, 2024
How to be a good airdrop sybil:
1. Keep your on-chain wallets separate, always.
2. Move tokens between non-custodial wallets through CEXes.
3. Assign a unique CEX address to each non-custodial wallet.
4. Use subaccounts and label addresses to stay organized.
5. Avoid sending… x.com/i/web/status/1…— Ignas | DeFi Research (@DefiIgnas)
8:25 PM • Jun 19, 2024
He loves crypto and genuinely wants to join the space the right way
— Erika Lee (@erikaleetv)
4:22 AM • Jun 21, 2024
Thanks for reading!❤️
Don't forget to check out last week's issue for more insightful content👇
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