PANews Editor's Note: PANews has selected a week's worth of high-quality content to help you fill in the gaps during the weekend. Just click on the title to read.
Macro perspective
Bitcoin's decline triggered a $250 million liquidation, and "Super Wednesday" may be the key to the market's next move
Two "blockbuster" releases will take place tonight and tomorrow morning: the latest CPI data and the Federal Reserve's interest rate decision. The relevant data may become the weather vane for the next wave of trends in the crypto market.
Robinhood increases its crypto layout: acquires Bitstamp, a long-established compliant exchange, for $200 million, and its stock price has risen by 90% this year
Perhaps in the face of slowing crypto trading activities and regulatory pressure, Robinhood recently announced that it is acquiring the global crypto exchange Bitstamp for $200 million to expand its international presence. At the same time, the crypto business has become an important driving force for Robinhood's performance growth, and its stock price has also jumped sharply this year.
A look at the 10 public companies with the most Bitcoin
Publicly traded companies holding Bitcoin now account for nearly 1.5% of the total 21 million Bitcoins.
Bitcoin mining company Bitfarms has launched a "poison pill" plan to deal with Riot's acquisition threat. Mining companies may face a wave of consolidation after the halving
Bitcoin mining company Bitfarms announced in a statement on June 10 that it has approved a shareholder rights plan, also known as a "poison pill," to prevent a takeover by peer and competitor Riot Platforms.
The “Crypto President” camp is growing stronger, is a new global consensus coming?
As more countries recognize the potential of blockchain technology and digital currencies, we may see a more integrated and robust global crypto market.
Bitcoin Ecosystem
Babylon explained: How to unlock the security value of Bitcoin?
This article takes a deep dive into how Babylon leverages Bitcoin’s security to enhance the security of PoS chains. By detailing the three-layer architecture and remote staking mechanism of the Babylon protocol, it demonstrates its unique solution in modular blockchains. It also discusses Babylon’s potential in cross-chain interoperability, shortening staking cycles, and enhancing overall security, while analyzing its future impact in the blockchain ecosystem.
In-depth research report on ZTC, a new BTC second-layer project
Zitcoin has been in development since December last year, and the project has finally taken shape, with a clearer direction. Now the ZTC L2 mainnet is online, and it is estimated that after POW (traditional mining machines can mine directly) is completed, the BTC Layer token: $ZTC will be issued.
A brief discussion on staking and re-staking in the BTC ecosystem
Staking and restaking in the ETH ecosystem have always been popular tracks, contributing the vast majority of DeFi’s TVL. However, because BTC lacks smart contract functions, Staking for BTC has encountered technical bottlenecks. Babylon was the first to solve this problem by introducing Staking into the BTC ecosystem, and various BTC restaking explorations were generated based on this technology.
DOG leads the return of rune popularity, when will the track usher in an explosion?
In the past month, DOG has risen from the bottom sideways price to a new high, driving a wave of increases and new attention for rune targets.
Magic Eden seizes Bitcoin ecosystem traffic and becomes the leader in trading market
Since Magic Eden launched runes on April 23, it has quickly taken a leading position in the rune trading market. From the perspective of marketing and development strategies, the company's development strategy is leaning towards the Bitcoin ecosystem. In the market competition, Magic Eden has seized a rare opportunity.
For more related content, please check out the special topic: "Beyond Digital Gold: BRC-20 and Inscriptions, Opening a New Chapter for Bitcoin"
zkSnyc airdrop controversy
ZKSync airdrop rules are finally out! How will it be distributed? Who is eligible?
The minimum guarantee for a single address is 450, and the maximum airdrop is 100,000 tokens.
zkSync is deeply involved in "rat trading" suspicion: only 10% of addresses meet the airdrop qualification, and a witch address received millions of ZK tokens
zkSync was accused of backstabbing the interests of the community, and its airdrop rules were caught up in a "rat trading" scandal due to its opacity, centralized token distribution, large amounts of airdrops to witch addresses, and the recovery of the minimum allocation. The official "it's none of my business" attitude further aroused the anger of the community.
The zkSync airdrop was found to be "troublesome". There were 12,000 uninteracted addresses but there were airdrops?
The 12,725 wallets with no transactions also appear to qualify as airdrops.
How to “save” the zkSync airdrop?
The initial share allocated to "users" is set at 20.3% and adopts a points system similar to Arbitrum.
ZKsync responds to 9 hot issues about airdrops: Why did someone get 100,000 tokens? Why didn’t I get…
There are many questions about this airdrop. The ZKsync team wrote an article to explain 9 hot issues about the airdrop.
Seize the opportunity
Why did Uniswap, which has been deeply involved in DeFi, suddenly acquire the game? A brief analysis of the on-chain version of "The Hunger Games" Crypto: The Game
Uniswap’s first direct deployment in the gaming space.
Interpretation of Zircuit, which has just received investment from Binance: A new place for re-staking tokens, zk Rollup compatible with EVM
In a year of airdrops, active interaction and participation are the bottom line.
Exploring Berachain V2: Changes to Validator Staking and Slashing Mechanisms
A key economic change in V2 is the introduction of larger validator deposits.
A quick look at the decentralized supercomputer AO token economics. How to earn 100% fairly distributed tokens?
8 key facts and dates about AO tokens. The AO token minting process introduces a completely different model that rewards users and developers based on the principles of fairness and equal access. The different teams behind the initiative drew inspiration from Bitcoin’s groundbreaking innovations and the fundamental principles established by Satoshi Nakamoto.
Web3
Trump meets with top Bitcoin miners in the U.S.: He wants to keep mining in the U.S. and wants to cheer for miners in the White House
On June 12, former US President Trump posted on Truth Social that he hopes the remaining Bitcoins will be mined in the United States. In his post, Trump mentioned that this move is aimed at ensuring that key Bitcoin industries can remain in the United States to strengthen the country's control over cryptocurrencies and economic influence.
Active liquidation? Curve founder's $140 million CRV was finally liquidated
On June 13th, Beijing time, Curve founder Michael Egorov's $140 million CRV loan position has begun to be liquidated as the currency price fell.
Solana Foundation takes action against MEV validators, but the community is not buying it and complains about the centralization of governance
The recent phenomenon of MEV (maximum extractable value) has attracted widespread attention. MEV involves miners or validators gaining extra benefits by manipulating the order of transactions, which not only threatens the fairness of transactions, but may also affect the overall security of the network.
Starting from the chicken and egg problem, we discuss the similarities and differences between decentralized cloud computing platforms IO.Net and Aethir
It just so happens that two AI concept projects, $IO and $ATH, have recently held TGE one after another, so I would like to talk about them briefly.
Why is it so hard to wait for SOL ETF? Because it violates a very simple principle.
The paper circulation of SOL is 460 million, but the actual circulation may be much lower than this. Everyone knows this. The lower circulation market value requires a larger position to be achieved while bearing high interest rates and regulatory pressure. Therefore, if SOL's current market value and circulation are considered, it will be difficult for these institutions to make money. In business, who has the motivation to promote a business that does not make money?
Security incidents have occurred frequently recently. Crypto users need to pay attention to 4 core issues
"Security" should be the biggest topic in the industry for at least the next 10 years, because it currently has contradictions on both the decentralization and centralization ends.
Technical
What are the highlights of Aligned, which has attracted many VCs to build the ZK verification layer?
Aligned launched a simple testnet based on the Cosmos SDK in March and will migrate to the EigenLayer testnet.
In the Web3 era, why does FHE technology have a brighter application prospect than Web2?
Fully homomorphic encryption (FHE) is a class of cryptographic schemes that allows computations to be performed on encrypted data (ciphertext) without decrypting the data, opening up a range of use cases for privacy and data protection.
Why do we need Modular ZK As A Service (MZaaS)?
This article explains why we need modular ZK services from the perspective of ZKP’s current status, existing problems, and market size.
A brief analysis of Symbiotic architecture: a flexible and permissionless Thin Coordination Layer
With support from Lido and Paradigm, can Symbiotic break EigenLayer's monopoly?
Key Information
Xi Jinping wrote back to Yao Qizhi, academician of the Chinese Academy of Sciences and professor of Tsinghua University
Market News: US SEC Chairman expects Ethereum ETF's S1 application to be approved sometime in the summer
Fed Chairman: More confidence in inflation is needed to ease policy, but no specific path for rate cuts promised
OKX: All affected user issues have been or will be resolved satisfactorily
The US SEC maintains an uncertain position on the attributes of ETH, while the CFTC confirms that ETH is a "commodity"
Musk: If OpenAI is integrated into Apple's operating system, Apple devices will be banned in the company
Wu said: Bybit will relocate its employees to Malaysia and Dubai after opening registration for Chinese users
Bloomberg: After Singapore's largest money laundering case, banks such as Citigroup and DBS are stepping up scrutiny of wealthy clients and potential customers
Vitalik proposes expanding cryptocurrency functionality in response to the phenomenon of meme coins continuing to dominate narratives
He Yi: In the future, Binance will list more coins to encourage blockchain to be used by entrepreneurs, rather than locking users into airdrops and trading scenarios.
U.S. judge approves Terraform's $4.47 billion settlement with SEC
