Today's news tips:
Biden administration rehires its former cryptocurrency adviser Carole House
Trump in talks to speak at Bitcoin conference in July
Jump Crypto President Kanav Kariya Announces Resignation
Telegram founder: TapSwap mini app currently has 56 million users
A total of 900 BTC were transferred out of the German government wallet address today
WikiLeaks founder Assange was released and has left the UK, AssangeDAO governance token JUSTICE soared
People's Daily Overseas Edition published an article titled "Tree Chart: A World-Class Public Chain Built by Tsinghua's "Yao Class" Team"
Bitcoin spot ETF had a total net outflow of $174 million yesterday, continuing its net outflow for 7 consecutive days
Regulatory News
Louisiana, US, passes new crypto legislation protecting node operators and banning CBDCs
According to Cointelegraph, Louisiana, USA, has passed a new crypto law to protect node operators and prohibit the use of central bank digital currencies (CBDCs). The law, which will take effect in August 2024, explicitly prohibits the state from participating in CBDC testing or accepting CBDC payments. In addition, the law imposes strict restrictions on foreign-controlled digital asset mining companies, requiring them to completely divest their interests in the state within one year. The law also defines node operators, emphasizing their importance in maintaining blockchain consensus and integrity.
Trump in talks to speak at Bitcoin conference in July
Trump is in talks to speak at a Bitcoin conference in July, Axios reported, citing two people familiar with the matter.
Other politicians will also speak at the conference, including presidential candidate Robert Kennedy Jr., former presidential candidate Vivek Ramaswamy, and Republican Senators Bill Hagerty and Marsha Blackburn. In addition, Trump and Biden will debate later this week and may discuss cryptocurrency.
Biden administration rehires its former cryptocurrency adviser Carole House
According to DL News, the Biden administration announced that Carole House, a key official who advised and co-wrote President Biden's 2022 executive order on cryptocurrencies and digital assets, has returned to the government. House will serve as a special adviser to the White House National Security Council, focusing on "critical infrastructure policy" and cybersecurity. She said: "It's an honor to serve again to shape the future of a secure and trusted digital economy."
South Korea's Cabinet passed the executive order of the Virtual Asset User Protection Act, which will take effect on July 19.
According to the Economic Herald, the South Korean State Council today passed an executive order for the Virtual Asset User Protection Act, which will take effect on July 19. The decree stipulates that virtual asset service providers (VASPs) must protect user deposits through banks. In addition, VASPs have the right to stop users' cash deposits and deposits and withdrawals of virtual assets based on reasonable grounds specified in the decree. It was previously reported that the Financial Services Commission plans to set up a virtual asset committee to provide advice on policies and regulations for the cryptocurrency market.
AI&NFT&Metaverse
OpenAI CTO: GPT-5 is expected to be launched at the end of 2025 or early 2026
OpenAI Chief Technology Officer Mira Murati recently revealed that the company's new-generation artificial intelligence model GPT-5 is expected to be launched at the end of 2025 or early 2026, reaching doctoral-level intelligence in specific tasks, marking that artificial intelligence technology may usher in another major leap.
It is reported that GPT-5, internally codenamed "Gobi" and "Arrakis", is a multi-modal model with 52 trillion parameters. The parameters of the previous generation GPT-4 were approximately 2 trillion. Murati likened the progress from GPT-4 to GPT-5 to the leap from high school level to university level, indicating that the new model will have a significant increase in complexity and capabilities.
Project News
Tim Beiko: The mailing list provider used by the Ethereum Foundation is suspected to have been hacked
Ethereum core developer Tim Beiko said on the X platform that the mailing list provider "updates@ethereum.org" used by the Ethereum Foundation is suspected to have been hacked. SendPulse is currently being contacted to resolve the issue. Do not click on any links in the email.
DEX Screener Launches Token Issuance and Trading Platform “Moonshot”
According to DEGEN NEWS, DEX Screener launched a token issuance and trading platform "Moonshot", which will compete with pump.fun. DEX Screener tweeted that Moonshot does not have an X account and users should beware of scams.
Blast Foundation established, Blast vision to be unveiled on June 26
Ethereum L2 network Blast announced the establishment of the Blast Foundation on the X platform to support the community in realizing the Blast vision, which will be made public on June 26. So far, Blast's account and website are managed by a Blast development company called Arcade Research. As part of the transition to a decentralized governance structure, the governance of this X account, website and Blast protocol is being transitioned to the foundation's control. More information will be shared soon.
Jump Crypto President Kanav Kariya Announces Resignation
Jump Crypto President Kanav Kariya announced his resignation on the X platform, ending his six-year career at Jump Trading. Kanav Kariya said he will continue to stay in touch with the portfolio companies he is involved in, and said he plans to use this time to deal with some events that have occurred in the past few years. Earlier on June 20, people familiar with the matter said that the US CFTC is investigating Jump Crypto.
ZK Nation: Second round of ZK token claims has opened, accounting for 1.91% of the total airdrop supply
The zkSync community ZK Nation said on the X platform that the second round of ZK token claims has started. Members of the Protocol Guild, contributors to external projects, or users nominated by ZKsync native ecosystem projects can now check if they are eligible. This claim activity accounts for 1.91% of the total airdrop supply and will end on January 3, 2025.
Orderly increases airdrops from 10% to 13.3% of total supply
The full-chain derivatives liquidity layer Orderly Network announced an increase in airdrop allocations, increasing the token allocation of the points program "Merits" by 50%, from 59 million to 92 million; and increasing the total airdrop amount from 10% of the total supply to 13.3%. In addition, the Orderly points event "The Road to The Order" has been extended for another eight weeks and may end early.
Tether will stop minting USDT on EOS and Algorand
According to the official blog, stablecoin issuer Tether said that starting today (June 24, 2024), Tether will stop minting USDT on EOS and Algorand. In the next 12 months, Tether will continue to exchange USDT on EOS and Algorand as usual. Further changes may be evaluated and announced at that time.
People's Daily Overseas Edition published an article titled "Tree Chart: A World-Class Public Chain Built by Tsinghua's "Yao Class" Team"
The Overseas Edition of People's Daily recently published an article titled "Tree Graph: A World-Class Public Chain Created by Tsinghua's "Yao Class" Team", stating that the Tsinghua University "Yao Class" team created the world-class public chain Tree Graph (Conflux). Tree Graph was developed by a team led by Yao Qizhi in 2017 and has received widespread attention. In 2020, the Tree Graph blockchain mainnet was officially launched, achieving high-performance consensus throughput in a real network environment. Tree Graph has become a global blockchain network, serving tens of millions of users and hundreds of millions of transactions, and is working with China Telecom to launch a SIM card with blockchain account management functions to lower the threshold for technology use.
Jupiter announces Jupiter Swap V3
Solana ecosystem trading aggregator Jupiter announced the launch of Jupiter Swap V3, which uses the new Metropolis liquidity backend to achieve features such as instant routing, dynamic slippage, smart token filtering, and ecosystem token lists. The new system solves user problems such as token discovery, slippage setting, and token verification, and supports instant routing of new tokens such as Raydium, Meteora, and Orca. The dynamic slippage function allows the maximum slippage to be set, the smart token search function takes into account real-time information, and the improved warning system improves the user experience.
ZKsync introduces “elastic chain” architecture in its 3.0 roadmap
According to The Block, ZKsync launched the "elastic chain" architecture as part of its 3.0 roadmap, which will transform from a single ZK Rollup chain to multiple interoperable ZK chain networks and reconfigure the native bridge as a token library. The project plans to run more than 20 chains on the mainnet by the end of 2024, developed using the ZK Stack software package to simplify the user's multi-chain operation experience. The elastic chain architecture is designed to achieve seamless operation, with transactions confirmed by only one wallet, without the need for network switching or manual asset bridging.
Aevo: The second phase of the Azuro Protocol airdrop project AZUR airdrop is now open for collection
Aevo, a decentralized derivatives trading platform, announced that the second phase of its airdrop project Azuro Protocol's AZUR airdrop is now open. This airdrop will distribute 666,666 $AZUR tokens to eligible users. Users can claim the $AZUR airdrop through this link. Eligible wallets must hold ETH on the Ethereum mainnet. There will be more Aevo airdrop projects in the coming weeks, exclusively for Aevo stakers and pre-release traders.
Important data
Bitcoin spot ETF had a total net outflow of $174 million yesterday, continuing its net outflow for 7 consecutive days
According to SoSoValue data, yesterday (June 24, Eastern Time), the total net outflow of Bitcoin spot ETFs was $174 million. Yesterday, Grayscale ETF GBTC had a single-day net outflow of $90.4295 million, and the current historical net outflow of GBTC is $18.450 billion. As of press time, the total net asset value of Bitcoin spot ETFs is $51.53 billion, and the ETF net asset ratio (market value to the total market value of Bitcoin) is 4.39%, and the historical cumulative net inflow has reached $14.387 billion.
An address spent about $235 million yesterday to buy about 4,000 bitcoins
According to a tweet from HODL15Capital, an investor purchased Bitcoin several times on June 24, totaling about 4,000 coins, spending about $235 million. These transactions increased his balance from 10,548.73 BTC to 14,407.96 BTC, with purchase prices ranging from $59,462 to $61,215.
AssangeDAO governance token JUSTICE rose 105% in 24 hours
Coingecko market shows that the AssangeDAO governance token JUSTICE, which aims to rescue the founder of WikiLeaks, has risen 105% in the past 24 hours and is now trading at $0.0004889. Earlier today, it was reported that Assange, the founder of WikiLeaks, had reached a plea agreement with the US Department of Justice, had left the UK, and would eventually return to Australia.
ZKsync valuation has fallen 40% since ZK token launch
According to The Block, since ZKsync launched the ZK token, its fully diluted valuation is $3.4 billion, down 40% from when the token was launched. Analysts said this may be due to continued selling pressure from airdrop recipients and overall poor market conditions. The current market value of the ZK token is about $600 million, compared to $1 billion at launch. Data shows that active addresses on the ZKSync Era hit an all-time high of nearly 675,000 on the day the ZK token was launched, but just three days after the token was launched, the number of active addresses was halved. This suggests that the initial surge in volume may have been due to dormant addresses suddenly becoming active to claim airdropped tokens.
Telegram founder: TapSwap mini app currently has 56 million users
Telegram founder Pavel Durov said in his personal Telegram channel that the TapSwap mini app quickly became popular on Telegram and now has 56 million users. This crazy popularity was achieved in a few months without any marketing. The TapSwap team wisely relied on Telegram for distribution and used TON to issue the upcoming token. This success story is inspiring for all developers building applications on Telegram and TON.
The wallet address marked as "German Government" transferred a total of 400 BTC to CEX today and transferred 500 BTC to an unknown address
According to Arkham data, at 15:38 Beijing time today, the wallet address marked as "German Government" transferred 200 BTC to Coin Base and Kraken respectively. Subsequently, the wallet transferred 500 BTC to an unknown address starting with 139PoP.
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