Virtuals: OpenGradient Titan Launch Airdrop is Now Live

On June 20, Andre Cronje issued a statement confirming his resignation from the board of Sonic Labs—formerly known as Fantom—aligning with the decentralized tech firm’s earlier public announcement. The statement followed widespread reports and comments that had conflated Cronje’s technical role with Sonic Labs and Fantom’s broader business responsibilities, including token management, migration efforts, and operational decisions. Cronje clarified that Fantom and its core original project predated his involvement entirely. He joined as a technical advisor in 2018 and was only appointed a Fantom director on December 13, 2022. He emphasized he is not the founder of the Fantom company or its original token project; instead, he served as the original technical architect of Fantom’s executable network, later taking on roles as a Fantom board member and Chief Technology Officer (CTO) of Sonic Labs. Cronje noted his informal use of the term “co-founder” to describe his foundational technical

June 20: Per Alternative Data, today’s cryptocurrency Fear & Greed Index is 23, climbing from yesterday’s 14—a shift that points to a reduction in the market’s “extreme fear” sentiment. Note: The Fear & Greed Index spans 0 to 100 and combines six core indicators with the following weightings: Volatility (25%), Market Volume (25%), Social Media Hype (15%), Market Surveys (15%), Bitcoin Dominance (10%), and Google Trends Analysis (10%).

**June 20 – Sonic Labs Board Reshuffle & New Leadership Focus on Operational Discipline & Trust Rebuilding** Sonic Labs announced today that Michael Kong, Andre Cronje, and David Richardson have resigned from its Board of Directors. The three outgoing members will remain invested in Sonic’s long-term success but will fully transfer all operational responsibilities and step away from making management decisions for the organization. The startup also unveiled its new leadership team: Matt Visser will serve as Chief Executive Officer (CEO), and Kosta Kourkoumelis will take on the role of Chief Operating Officer (COO). Unlike typical new leadership launches, the team’s top priority isn’t rolling out a new product roadmap—it’s refining operational consistency and rebuilding trust with the community. “I’m not here to promise an immediate turnaround,” said CEO Matt Visser. “My plan is to make Sonic 1% better every day, and let those small, daily improvements compound over time.” N

On June 20th, according to monitoring by Onchain Lens, a non-exchange supply wallet linked to Chainlink deposited 18.375 million LINK tokens into Binance, with a value of roughly $144.93 million.

On June 20, Onchain Lens monitoring reports that a crypto whale deposited 5,900 ETH into Kraken—worth roughly $10.03 million—incurring a $9.8 million loss. The whale originally withdrew 22,951 ETH from Kraken (valued at $48.95 million) and currently holds 17,051 ETH, which is approximately $29.11 million.

JUNE 20 – Per Axios, a U.S. official says that U.S. envoy Wietkoff is heading to Switzerland. The official notes that Jared Kushner, Trump’s son-in-law, is already in the country. Separately, sources indicate Iranian Foreign Minister Aragchi plans to travel to Switzerland on Saturday, though his plans could still change. Aragchi has informed several foreign ministers that a ceasefire in Lebanon is critical for Iran and “decisive” for U.S.-Iran negotiations. Iranian officials emphasize they want the ceasefire to be fully implemented before their team travels to Switzerland. A source adds that negotiations may not start until no earlier than Monday, though the overall schedule remains subject to change. (FXStreet)