Blast: Ethereum L2 network Blast announced that its airdrop event will be launched on June 26, and the airdrop allocation will be increased after the extension. There will also be two final Dapp Gold allocations before that.
Anchorage Digital has launched a staking service for DYDX native tokens, which allows institutional users to safely store DYDX tokens and receive staking rewards distributed by the dYdX protocol in the form of USDC, marking an important step in promoting safe institutional participation in the dYdX ecosystem.
Subsquid plans to launch its native token SQD this Friday, supporting Subsquid's independent node operator network and parsing large amounts of on-chain data. Co-founder Marcel Fohrmann said that the token issuance "is 99% certain to take place on Friday" and may be postponed to next week or the week after next at the latest.
The IOTA 2.0 public testnet was launched on May 15. The upgrade introduced a decentralized PoS consensus mechanism to replace the old coordinator-driven system, improve the scalability of the network and reduce environmental impact, marking an important step for IOTA in achieving more efficient and environmentally friendly blockchain technology.
The Worldcoin Foundation has announced the open source release of its Secure Multi-Party Computation (SMPC) system to improve standards for biometric data protection, demonstrating its commitment to GDPR and other data protection regulations aimed at improving online trust and increasing global economic participation.
Millennium Management holds $2 billion worth of spot Bitcoin ETFs, reflecting significant hedge fund participation and confidence in the cryptocurrency market.
The ETH/BTC exchange rate hit 0.04577 on May 15, a new low since April 2021, and is currently trading at 0.04606, reflecting Ethereum's weak market performance relative to Bitcoin, which may be affected by market turmoil and investor preferences.
Entangle announced the launch of the Entangle Points Program, which incentivizes users by staking NGL tokens and using eBridge, with an estimated annualized rate of return of 8%. Users can use the points they earn to support other products within the ecosystem to obtain additional benefits.
Sei will launch the V2 upgrade plan in three phases to achieve a new high-performance parallel EVM. The upgrade will be divided into three phases: governance, Alpha release, and V2 readiness. In the governance phase, the governance approval process is initiated through on-chain proposals; in the Alpha release phase, the focus is on the stability of the chain and the deployment of third-party infrastructure; in the V2 readiness phase, after the core infrastructure is ready, the block gas limit will be initially set. This upgrade aims to create a consumer-grade application blockchain that can support tens of millions of users.
dYdX will release version 4 in the coming weeks, adding the new features of "isolated markets" and "isolated margin". "Isolated markets" have independent collateral pools and insurance funds to support more markets. "Isolated margin" allows users to manually adjust the collateral of specific positions to enhance collateral management. The new version will be expanded to more than 800 potential markets. dYdX recommends that traders should carefully assess the risks before trading "isolated markets" and understand the market's price oracle source and spot liquidity.
Matt Hougan, chief investment officer of Bitwise, said that the Bitcoin allocation disclosed by institutional investors in the recent 13F filing with the U.S. Securities and Exchange Commission is just a "down payment." He pointed out that most professional investors need 6 to 12 months to evaluate cryptocurrencies, and expect that about 6 months after the initial allocation, companies will begin to allocate Bitcoin to all customers, with an average allocation ratio of 1-5%. Hougan believes that the prospect of Bitcoin ETFs is that they can massively increase investment in Bitcoin, and the proportion of professional investors may increase significantly.
Degen founder Jacek responded to the recent token reduction event, saying that he has repurchased all the sold tokens and extended the personal token vesting plan to five years to show long-term commitment. In addition, Jacek will sell part of the vested tokens every month, with a total sales volume of 0.75%, and will no longer reduce his holdings. Unsold vested tokens will be held for a long time. He emphasized that Degen is committed to long-term development and expressed his willingness to further adjust the plan based on community feedback to ensure the success of the project.
ZetaChain released version 2.0, proposing the first universal EVM to achieve full-chain abstraction. The upgrade includes composable cross-chain messaging, full-chain accounts, universal PoS, expanded Bitcoin compatibility, and integrated IBC protocol. These improvements are designed to simplify cross-chain transactions, improve network security, and provide users with a more convenient blockchain application experience. If passed by governance voting, these features will be officially launched in future network upgrades.
Some of FTX Europe's claims have been transferred to FTXcreditor, which may harm the interests of small creditors. By consolidating the claims under a single creditor, the management process is simplified, but small creditors may receive fewer or less favorable terms. The new creditor is represented by Michael Bottjer, and the identity of the transferor is not disclosed, raising questions about the handling of bankruptcy cases and the risk of manipulation under anonymity.
U.S. House of RepresentativesA vote on the cryptocurrency market structure bill FIT21 will be held next week. The bill was co-sponsored by Patrick McHenry, chairman of the House Financial Services Committee, and includes provisions that treat cryptocurrencies as securities. French Hill, chairman of the Digital Assets Subcommittee, is optimistic that the bill will pass despite the Senate's opposition to digital assets. The FIT21 bill may become part of other authorization bills such as the Farm Bill and the National Defense Authorization Act, but it is still uncertain whether it will eventually become formal legislation.
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Daily Hot Topics (2024-05-16)
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