Web3 News on June 4, 2024

1. Bitcoin spot ETFs had a total net inflow of $105 million on June 3. Among them, Fidelity FBTC had a net inflow of $77.0482 million and Bitwise BITB had a net inflow of $14.3145 million.

2. Since their launch nearly five months ago, BlackRock IBIT and Fidelity FBTC have received inflows of $16.6 billion and $8.9 billion, respectively, accounting for 26% and 56% of BlackRock and Fidelity's inflows, respectively. 3. Coinbase CEO called for regulatory clarity for the cryptocurrency industry by supporting political candidates who support cryptocurrencies and voting out vested interests who oppose cryptocurrencies.

4. Bernstein analysts said that the SEC's sudden political narrative shift in approving Ethereum spot ETFs became less credible after US President Joe Biden vetoed the repeal of SAB 121. He believes that the SEC's decision is more out of pragmatic considerations to avoid legal disputes.

5. After the halving in April 2024, the number of active addresses has dropped significantly due to soaring transaction fees and network congestion. The current number of active addresses has dropped to the lowest point since 2019.

6. Tabi Chain, a gaming blockchain, will conduct a public sale of its TABI tokens on the Beanco platform on June 13, powered by Sign and TokenTable, and participants will have the opportunity to receive future sign + gg token airdrops.

7. DWF Labs co-founder said that plans to deploy more funds to meme coins are being implemented, and investments in LADYS and FLOKI have been completed, investments in the third project are being made, and negotiations for the fourth and fifth projects are underway. He also said there are no restrictions on investment.

8. Ethena Labs changed the vesting cycle of ENA token airdrops from monthly to weekly without notifying the community in advance, but kept the total amount unchanged, and the end date of the first quarter airdrop was brought forward to September 29. This matter caused dissatisfaction among some users and questioned the transparency of the project.