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Optimism Launches its Incentive Fund OP Stimpack

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Today’s Cryptocurrency Headline

Optimism announces that its incentive fund OP Stimpack is now open for applications. The 231 million OP grant program aims to fund builders and projects in the OP ecosystem. Funding will be allocated by Token House vote. The Token House voting process will run on a two-week cycle. Voting Cycle 1 runs June 9 to June 22 and will vote on the GovFund Phase 0 proposals. Voting Cycle 2 runs June 23 to July 6 and will vote on new GovFund Phase 1 proposals. Additionally, Optimism has delegated 35 million OP voting rights to dozens of individuals and groups across the ecosystem.

BingX’s Bitcoin Chart

Source: TradingView & BingX

According to The Block, cryptocurrency miner Bit Digital mined 53.4 bitcoins in May, a decrease of 29.9% from April. Bitcoin is almost flat over the last 24 hours, and it is still consolidating around the $30K level, as both bulls and bears are attempting to establish control over this area and decide the next direction. For now, If bulls drive the price above the $32,000, the BTC/USDT pair could rally to $34,000. Conversely, if bears pull the price below $29,000, the BTC/USDT pair could drop to $27,000.

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