According to news on June 8, Coinbase CEO Brian Armstrong said that the last time he met with the chairman of the US Securities and Exchange Commission, Gary Gensler, was in a "cold" virtual meeting, and several previous efforts to meet in person had failed. Armstrong said: "When Gensler first came on board, my team and I contacted him, and I tried to make an...
On June 7th, Uniswap Labs announced an update to its ERC20 and NFT transaction router Universal Router, which can improve its NFT aggregator and Gas prices after the update. The service provides users with greater flexibility when performing transactions across multiple token types, requiring users to sign new licenses. Additionally, Universal Router's code is...
On June 6th, BitMEX founder Arthur Hayes said on social media: The market fell because of some FUD rumors about Binance. But whatever the trigger, risk markets are on edge due to the replenishment of the Treasury's cash account (TGA). By the end of the summer, the market will put this issue behind it and focus instead on the ongoing money printing that continues...
Crypto opinion leaders have taken a more cautious approach to publicity since the collapse of crypto exchange FTX last year, with several celebrities facing class action lawsuits over their alleged roles in promoting FTX. Some influencers say this has sounded alarm bells, and those who support crypto companies need to understand that if the company turns negative...
On June 4th, according to Dune data, the total number of ETH cross-chain bridges of Arbitrum, the Ethereum expansion solution, has exceeded 2.5 million (about 4.73 billion US dollars), and the number of users participating in bridge transactions is 647,426. In addition, the total number of ETH cross-chain bridges for Optimism is 542,959, zkSync is 281,073, and...
Currently, Apple stock and gold are both more stable investments than Bitcoin, but the price of the cryptocurrency is currently less volatile than shares of tech giants Amazon and Meta. Bitcoin’s price volatility is 32%, a sharp drop from its historical average of 71%. Compared with old-school asset classes such as precious metals, fiat currencies and blue-chip...
Bob Baxley, CTO of DeFi infrastructure platform Maverick Protocol, said the cryptocurrency market will now have to consider the U.S. Treasury's move to replenish its general account (TGA), which has shrunk in recent months. This could reduce the liquidity that would otherwise be available for investing in digital assets. The repatriation of roughly trillions of...
According to news on May 31, FTX co-founder Sam Bankman-Fried argued that he relied on the advice of the well-known Silicon Valley law firm Fenwick & West when taking many actions that are currently facing fraud charges. Defense attorneys for SBF are asking the judge to compel prosecutors to turn over documents given to the government by former FTX law firm...
According to news on May 30, the Australian cryptocurrency exchange TrigonX will be relaunched. It has passed the company arrangement agreement and obtained the approval of creditors. Founded in 2014, TrigonX was one of many institutions affected by FTX's sudden bankruptcy. It was over $50 million in debt after FTX's collapse, unable to meet withdrawal requests,...
------------------------ On May 29th, according to NFT Whale Alert monitoring, NFTBoxes founder Pranksy sold 25 Doodles at a price of 52.17 ETH ($96,491.55). Pranksy said he did not liquidate his position and still held 25 Grails, 2,000 Genesis Boxes, 30 Pharrell Boxes and 65 Dooplicators. He said that he sold not to re-buy Grails, but to lock up ETH to avoid...
According to L2BEAT data, as of May 23, the total locked position on Ethereum Layer 2 was 8.7 billion US dollars. Among them, Arbitrum, the expansion plan with the highest locked amount, is about USD 5.73 billion, accounting for 65.84%; followed by Optimism, with a locked amount of USD 1.71 billion, accounting for 19.74%; the third is dYdX, with a locked amount of...
On May 26, the liquid staking protocol Lido revealed on social media that the Subgraph 2.0.1 update will take longer than usual to build an index on the decentralized network of the Graph Protocol protocol. Once the first indexer is completed Deployed and ready to serve queries for new versions, Lido will post updates. In addition, Lido also stated that its...
On May 25th, according to the official announcement, after the Terra community approved the proposal 11515, Bitfinex will support the new destruction tax (Tax Burn) policy for all on-chain transactions on the Terra Classic network, which will increase from the previous 0.2% to 0.5%. The new destruction tax is expected to take effect at block height 12902400 (about...
On May 24, digital bank Onyx Private announced the completion of a new round of financing of US$4.1 million, with participation from Village Global, Y Combinator, Global Founders Capital, One Way Ventures, 186 Ventures and Olive Tree Capital. Onyx Private currently cooperates with Piermont Bank to provide digital banking services, providing users with high-yield,...
Singaporean blockchain company RockX has announced the expansion of its offerings with a new ETH-native staking solution. It is reported that the ETH native pledge solution provides validators with the best income through the pledge pool and does not charge protocol reward fees. Additionally, RockX plans to launch a staking API supporting various blockchains later...
On May 20, Reasoned Art, an Italy-based Web3 digital art start-up company, announced the completion of a seed round of 1.4 million euros, led by South Korean investment fund Woori Technology Investment, LVenture Group, Rosario Bifulco, B-Heroes, MetaVenture Holding, Urania and Several local Italian angel investors participated in the investment. Reasoned Art plans...
The Chamber of Digital Commerce has issued a call to action to Congress to prioritize advancing a legal framework for cryptocurrencies. The advocacy group is asking Congress to create a "Digital Assets and Blockchain Technology Committee" to develop a comprehensive policy package. The committee's recommendations draw on policies from the days of President Dwight...