We’re back with your favorite weekly dose of crypto news and airdrop updates. Based on the site stats, you all love these recaps. So thanks for sticking with us! It’s our job to keep you updated, and we’re glad you’re here for the ride. Something big is happening in crypto this week—and for many of us, it’s personal. The beloved Ledger Nano S, a go-to wallet for years, is finally being retired. Let’s break it all down, from hardware changes to market surges.
Middle East Ceasefire Lifts Bitcoin Over $108,000
On June 24th, crypto markets saw a sharp rise after a surprise announcement. Iran and Israel agreed to a ceasefire. U.S. President Donald Trump confirmed the peace deal with his signature phrase: “Complete and Total CEASEFIRE.”
Traders who had been waiting on the sidelines jumped back in. Within minutes, Bitcoin shot up over 5%. It broke past $108,000, settling just above $107,000 after a volatile few hours.
The market had dipped below $99,000 earlier during the conflict. With peace in the air, volume surged across exchanges, showing how quickly sentiment can shift.
Airdrop Updates You Shouldn’t Miss
Two new airdrop events just went live:
- Ethereal’s public testnet is now open. Early users may be rewarded.
- Magic Newton has launched its claim process. Don’t forget to check eligibility.
Stay alert—more airdrops are coming soon. We’ll keep covering them.
Check our full guide on InfoFi Airdrops right here.
Pudgy Penguins and Solana Head for ETFs
The U.S. Securities and Exchange Commission has added fresh ETF filings to its review list. These include proposals for both a Solana ETF and one tied to Pudgy Penguins tokens.
Invesco and Galaxy aim to bring a Solana ETF to market, joining eight other funds already in line. Meanwhile, Cboe submitted a 19b-4 filing for the Canary PENGU ETF, which would track the popular Pudgy Penguins collection.
The ETF race is heating up. Since the success of spot Bitcoin and Ethereum ETFs, new filings have increased. Regulators are also reviewing applications for XRP, Cardano, Dogecoin, and Hedera.
Some ETF providers also want to include staking rewards. This has led to debate within the SEC, as staking in Ethereum ETFs was previously delayed due to regulatory concerns.
WLFI Token May Soon Be Transferable
World Liberty Financial, the Trump-backed crypto firm, is making moves. During a conference in Brooklyn, co-founder Zak Folkman revealed some big updates.
First, the company has completed an audit of its stablecoin. An attestation report will be released on its website soon. This marks the first official audit for the project.
More interestingly, WLFI—its governance token—might become transferable in the near future. For now, WLFI only grants voting rights. But that may change soon.
In a recent post on X, the project confirmed the news. The team is working on making $WLFI transferable due to rising community demand. The post ended with a teaser—“big news coming soon.”
Not everyone is thrilled. Some users believe the team might be planning to offload tokens. Others remain optimistic about a more open token economy.
Time will tell. For now, WLFI holders are waiting for the next announcement.
Ledger Ends Support for the Nano S Wallet
Here’s the news that stings a little. Ledger, the well-known wallet provider, is officially ending support for the Nano S.
In a spring update published on May 30, Ledger said the wallet had reached its limits. No new apps, updates, or features will be added going forward. A similar warning was posted in April.
The Nano S launched in 2016. For nearly a decade, it’s been the go-to wallet for many long-term holders. But now, it’s showing its age.
The announcement didn’t grab much attention at first. But recently, users across social media have caught on—and the reactions are mixed. Maybe it’s the right time to switch to a Trezor wallet.
Users React With Frustration
A well-known developer in the Ethereum space, going by Pcaversaccio, criticized the decision. He said Ledger was forcing users to upgrade and re-enter their seed phrases on new devices.
Other users echoed the same frustration. “Backwards compatibility matters,” many argued. The Nano S was trusted by many, and its retirement feels like the end of an era.
Ledger stated that the device’s limited storage makes it hard to support newer crypto use cases. They say the ecosystem has evolved too much for Nano S to keep up.
Will It Still Work? Maybe, But…
The big question on everyone’s mind: will the Nano S still work?
According to users like Beau, a safety lead for Pudgy Penguins, it probably will. But the lack of future updates means the device could become a security risk. It may also stop supporting newer coins and features.
Beau recommended that users back up their seed phrases and move funds to a newer wallet soon. Others are questioning if this move is just a way to drive new sales.
A developer from the Nillion Ecosystem posted, “Are they really forcing everyone to upgrade now? That’s wild.”
Not Everyone’s Updating
Not all users are in a rush to switch. Roman Semenov, a Tornado Cash developer, said he hasn’t updated his Ledger in years. He claimed it still works fine, as long as you don’t need new features.
Still, Ledger made it clear: anyone using the Nano S will be on their own. No more updates, bug fixes, or compatibility patches. For many in crypto, this means it’s time to move on.
Tired of crypto? Check our stock picks of this week.
Final Words
This week has been full of turning points. A historic ceasefire boosted Bitcoin. New airdrops dropped. Penguins joined Wall Street. And one of crypto’s most trusted wallets said its quiet goodbye.
If you’re still using the Nano S, double-check your backup phrases. Consider upgrading. And as always—stay curious, stay alert, and never stop learning in crypto.
We’ll see you next week.
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