Merlin risk warning: Some users reported that the withdrawal using the official cross-chain bridge has been delayed for several days😅

The official website document shows that "currently, only Bitcoin to Merlin is supported."

But looking at the webpage snapshot, it can be found that the official document page of "Bridge" on May 9 did not have this sentence, which means that it was newly added, which is equivalent to temporarily closing the official cross-chain bridge path from Merlin to Bitcoin mainnet (currently it is recommended to use a third-party bridge)~

Is this a soft Rug🤯
#Merlin #BTC☀

Mt.Gox's over 140,000 BTC (currently worth about $8.8 billion) will soon face the final chapter of debt compensation in July~

To be honest, although the selling pressure of 140,000 is huge, if the compensation is paid in stages in the second half of the year, then in the context of the industry's 2-year crisis clearance of FTX and other companies, and the stable operation of spot ETFs for nearly half a year, the market may be able to digest most of the negative impact it brings🤖

Frax founder Sam Kazemian is talking about the security of his own stablecoin FRAX again:

U.S. Treasury bond support is not the safest stablecoin design. After all, it may be on the verge of debt default risk like Silicon Valley Bank in 2023, leading to decoupling. Technically, only issuers with Federal Reserve Master Accounts (FMA) can mint truly risk-free stablecoins.

For your information, this FMA allows holding US dollars and trading directly with the Federal Reserve, thereby avoiding the risk of default and bankruptcy of commercial banks. Frax is indeed the most active DeFi project party in applying for FMA among the current stablecoin issuers, but it is still waiting for final approval~

#Frax

The recent issuance of new tokens is basically a mess.

PORTAL and SAGA have fallen by about 80% compared to their opening prices, and W, ZKJ, STRK, OMNI, and ALT have also fallen by more than 50% compared to their opening prices😅

🎯For VCs, the era of easily earning high returns has come to an end~

At least the recent new tokens are much more cost-effective to buy in the secondary market than the original private placement subscription:

ZRO raised $3 billion, and its current total market value is only $2.8 billion;

W raised $2.5 billion, and its current total market value is $3.3 billion;

ZK raised $1.25 billion, and its current total market value is $3.7 billion;

ZKJ raised $1 billion, and its current total market value is $1.1 billion;

Since the opening of the claim on June 17, 7592 of the top 10,000 addresses have sold all or part of ZK (75%), and only 2408 are still holding~

Among them, 4090 addresses sold all, selling more than 350 million pieces, and 3502 addresses sold part of them, selling more than 176 million pieces. The total sales of the two addresses exceeded 520 million pieces (nearly 100 million US dollars).

From this perspective, the first wave of selling pressure for claiming is basically coming to an end🧐
#zkSync

KOL shouting effect picture~

Vitalik's "shouting" effect is actually average. In addition to the surge in ENS, the previously recommended Plasma (the predecessor of Optimism) failed, and the Loopring, RAI and the latest Taiko that he praised and affirmed were also uneven~

The motivation is to maintain the cognition and judgment of the orthodoxy of Ethereum development and guide Ethereum to develop in the envisioned direction~

When I have time, I will sort out the projects/technical directions he "shouted"🧐

Tips | The DYM addresses of Keplr wallet and trading platform do not match?

When withdrawing DYM from the exchange to the Keplr wallet, what should I do if the addresses of the exchange and wallet do not match?

Taking Binance as an example, when we withdraw DYM to the Keplr wallet, the wallet contains the receiving address starting with dym, but when we copy and paste (or scan the code) to fill in the "withdrawal address", the exchange prompts "The withdrawal address format is incorrect, please check the withdrawal address length and character content and try again."

That's right, here the exchange only supports transfers to addresses starting with 0x, so what should I do?
In fact, each native address starting with dym corresponds to an EVM formatted address starting with 0x. It is very simple to find this correspondence and solve the above transfer problem:

1. Open the DYM (Dymension) block browser dym.fyi;

2. Copy and paste the dym-starting address in the Keplr wallet and search;

3. The result page will automatically display the 0x-starting address corresponding to the address (vice versa, search for the 0x-starting address to view the dym-starting address);

4. Copy the corresponding 0x address to the Binance exchange withdrawal address and complete the withdrawal;

To put it bluntly, the dym-starting address and the 0x-starting address are two sides of the same coin, just different vests of the same account:

Each dym-starting address has a corresponding 0x-starting address. No matter which format of address is transferred to (depending on which format the exchange supports), the Keplr wallet can receive DYM assets.
#dym

The US stock market is already at a high level, so it is not a bad thing to break away from the correlation