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KRAKEN-BACKED INK FOUNDATION TO LAUNCH INK TOKEN AND AIRDROP: DETAILS… - The Ink Foundation, which runs Kraken’s Layer-2 blockchain Ink, confirmed plans to launch its native $INK token and reward early users through an airdrop. - The token will be central to powering DeFi on Ink, starting with a liquidity pool built using Aave’s tech. Key Details: - Early participants in the Aave-powered liquidity pool will be eligible for INK airdrop. The Foundation hinted at more drops but did not disclose specifics. - INK will have a fixed supply of 1 billion with no inflation and no governance vote to change the cap. - INK won’t influence Ink Layer-2 decisions. The Foundation wants to separate utility from control — a rare move in crypto. - The Ink Foundation says the token is designed to incentivize real usage — lending, trading, liquidity aggregation. - The liquidity protocol must still pass Aave governance. Once live, it becomes the first building block of Ink’s DeFi stack. - Ink is part of Optimism’s Superchain family, like Base and World Chain, meaning it shares security and tech with other OP Stack L2s. - Kraken launched Ink in December and is now accelerating its L2 push. With talk of a 2026 IPO, the INK rollout could be part of a broader roadmap. Images: Ink Foundation and Kraken X platforms

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🚨GENIUS ACT JUST PASSED THE SENATE For the first time ever, the US is putting real rules around stablecoins. What this means for crypto’s future ⬇️ https://bsc.news/post/genius-act-passes-in-the-us-senate

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🚨JUST IN: SPOT BITCOIN ETFS SAW $216M NET INFLOW ON JUNE 17, SPOT ETHEREUM ETFS LOGGED $11.09M NET INFLOW

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SOLANA AND XRP ETFS FACE JULY DECISION DEADLINE AFTER SEC DELAY - The SEC has moved closer to decide on Solana $SOL and $XRP ETFs by opening public comments on Franklin Templeton’s proposals. - These ETFs would list on the Chicago Board Options Exchange, with the SEC extending its review period by 35 days to gather feedback. - The regulator has yet to make a final decision and stresses that the comment period does not imply approval. The SEC is still cautious, signaling that no conclusions have been reached. - This development follows months of delays after the Cboe BZX Exchange filed a rule change in March to facilitate ETF listings. - The new timeline pushes the deadline to July, giving the SEC more time to weigh the risks. - Interest in altcoin ETFs is growing, with firms like Bitwise, ProShares, and 21Shares also seeking approval for Solana and XRP products. - Meanwhile, the SEC has already approved spot Bitcoin and Ethereum ETFs, setting a precedent. - VanEck’s spot Solana ETF recently appeared on the Depository Trust and Clearing Corporation’s (DTCC) prelaunch list—a sign the SEC could approve it soon. - Despite progress, the SEC’s stance remains measured amid regulatory shifts under the current administration and nominee chair Paul Atkins. - Enforcement actions against crypto firms have eased, but scrutiny remains.

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🚨JUST IN: KRAKEN-BACKED INK FOUNDATION CONFIRMS PLANS TO LAUNCH AND AIRDROP ITS $INK TOKEN

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