XRP News Today: Sonic Prepares Season 2 Airdrop Boosting TVL 800 Million SEC Holds Roundtable on DeFi Compliance Challenges Aptos Unlocks 52.7 Million Tokens June 12 Bitcoin Surges 109528 Driving Crypto Market 3.42 Trillion

Sonic, a high-performance Layer-1 blockchain, is preparing to launch its Season 2 airdrop, following the successful distribution of 190 million S tokens in Season 1. This upcoming campaign aims to reward both passive holders, who use MetaMask-style wallets, and active DeFi users, who provide liquidity. The new "Sonic Points" system is designed to enhance engagement and boost the total value locked (TVL), which is currently around $800 million.

The U.S. Securities and Exchange Commission (SEC) convened a significant roundtable discussion on June 9, focusing on decentralized finance (DeFi). The event, chaired by Paul Atkins, explored the compliance challenges, investor protection measures, and regulatory frameworks necessary to foster innovation in the DeFi space. This roundtable is expected to influence future U.S. crypto legislation, as it addresses critical issues that could shape the regulatory landscape for digital assets.

Aptos (APT) is set to unlock $52.7 million worth of tokens on June 12. Such large unlock events typically increase the circulating supply, which may lead to price volatility as early investors or contributors could decide to sell their tokens. This event is closely watched by market participants, as it could impact the overall market dynamics and investor sentiment.

On June 10, Bitcoin surged above $109,528, driving the global crypto market to a valuation of $3.42 trillion. Ethereum and XRP also experienced significant gains, with Ethereum spiking 8% and XRP rising over 2.6%. The rally is attributed to renewed inflows into crypto exchange-traded funds (ETFs), macroeconomic optimism, and the continuity of regulatory policies under the leadership of Michelle Bowman, who has been appointed as the Vice Chair of the Federal Reserve.