Ethereum Layer 2 Network Taiko Announces TKO Tokenomics Model | Cryptocurrency Trends

1. Mainstream Exchange Trends:

• Florida court overturns Binance.US suspension order.

2. Cryptocurrency Trends:

• Renzo, an Ethereum liquid restaking protocol, posts that it has added support for REZ staking, allowing users to earn 1 ezPoint per hour by staking 5000 REZ.
• The Fantom Foundation posts that the community has voted for its first proposal for the upcoming Sonic chain, with 99% support. FTM will be compatible with Sonic's new token, S, enabling a 1:1 exchange at its launch.
• Taiko, an Ethereum Layer 2 network based on zkrollup, unveils its TKO tokenomics model.
• Issuers, including Fidelity and Ark, cancel plans to stake Ethereum ETFs.
• The U.S. House of Representatives passes the Financial Innovation and Technology for the 21st Century Act by 279 votes to 136.
• Puffer Finance, an LSD protocol, announces a partnership with Olive, a blockchain with native ETH staking and restaking. As part of this partnership, 1% of Olive's total token supply will be distributed to the Puffer community.
• Mind Network, a fully homomorphic encryption (FHE) network, announces an expanded partnership with Zama.

3. Financing Trends:

• Stripchain, an interoperability protocol, raises $10 million in a funding round led by Sora Ventures.
• Kelp, an Ethereum restaking protocol, raises $9 million in token funding at a valuation of $90 million led by SCB Limited and Laser Digital, the cryptocurrency division of Nomura Securities.
• OKX Ventures announces an investment in Monad Labs.

4. Regulatory Trends:

• U.S. SEC Chairman Gary Gensler says on Wednesday that the Financial Innovation and Technology for the 21st Century Act (FIT21) will harm investor interests and impede the SEC's work.
• WisdomTree, 21Shares, and Invesco, all of which have their crypto ETP prospectuses approved by the FCA today, can list physically supported Bitcoin and Ethereum ETPs on the LSE (for professional investors only).