Today's news tips:
Trump promises pardon for Silk Road founder if elected
Musk plans to build xAI supercomputer
Normie: Accept the attacker’s proposal to return 90% of the stolen ETH and allow him to keep 10% as a reward
VAEX will ban Hong Kong users from trading on May 30
Jupiter's third round of LFG Launchpad voting ends, deBridge receives 59% of votes
Uniswap Foundation: held a total of $41.41 million and stablecoins and 730,000 UNI in the first quarter
Data: The overall market value of the Runes sector exceeds 1.5 billion US dollars
Data: Tokens worth about $380 million will be unlocked next week, of which OP, DYDX, and SUI unlocked tokens worth more than $50 million each
Regulatory News
Trump promises pardon for Silk Road founder if elected
According to CoinDesk, former US President Donald Trump promised at the Libertarian Party National Convention in Washington, DC that if he is re-elected as president, he will commute the sentence of Silk Road founder Ross Ulbricht on the first day. Trump said that Ulbricht has served 11 years in prison and "we want him to go home." Many people in the audience held signs that read "Free Ross" and cheered Trump's promise. It is reported that Ross Ulbricht was sentenced to two life sentences plus 40 years in 2015 for creating and operating the dark web market Silk Road, which is actually a life sentence without the possibility of parole.
Before his speech that day, Trump wrote a post on Truth Social praising the cryptocurrency industry, emphasizing that the United States must maintain its leading position in this field, while Biden hopes that the crypto industry will "slowly die", but will never allow this to happen during his tenure. He also said that he would never allow the creation of a central bank digital currency (CBDC).
AI
Musk plans to build xAI supercomputer
According to The Information, Musk, founder of artificial intelligence company xAI, said in an investor speech in May that the company plans to use 100,000 dedicated computing chips to form a huge supercomputer and call it a "computing super factory." Musk said he hopes to put the supercomputer into operation by the fall of 2025 and will personally be responsible for its on-time delivery. Once completed, the chipset connected to the computer will be at least four times the size of the largest GPU cluster in existence.
Project News
Normie: Accept the attacker’s proposal to return 90% of the stolen ETH and allow him to keep 10% as a reward
Normie, the Meme coin of Base Ecosystem, tweeted that it has accepted the attacker's proposal to return 90% of the stolen ETH and allow him to keep 10% as a reward. Normie said that all ETH from the developer wallet will be used to resolve this incident and assist in the project restart.
Previously, the attacker proposed to return 90% of the stolen ETH through on-chain information and keep 10% as a bug bounty, provided that he would not be held responsible. At the same time, the attacker requested that this part of ETH and 600 ETH in the developer wallet be used to fairly issue new tokens to compensate NORMIE holders.
VAEX will ban Hong Kong users from trading on May 30
According to Ming Pao, the virtual asset trading platform VAEX plans to ban Hong Kong users from trading from 10 a.m. on May 30. According to previous news, the updated data on the official website of the Hong Kong Securities Regulatory Commission showed that the virtual asset trading platform license application submitted by VAEX to the Hong Kong Securities Regulatory Commission was withdrawn on May 24.
According to industry insiders, factors such as high compliance costs and low local market attractiveness have led many platforms to withdraw their applications for Hong Kong VASP licenses.
Jupiter's third round of LFG Launchpad voting ends, deBridge receives 59% of votes
Solana ecosystem DEX Jupiter tweeted that the third round of LFG Launchpad voting has ended. deBridge won with 59% of the votes and will be launched on LFG Launchpad in the next few months. According to previous news, deBridge announced the launch of its governance token DBR. DBR is based on the Solana chain, with a total supply of 10 billion. It is planned to allocate 20% to community launch and its community, and the circulating supply at launch will be 1.8 billion DBR. Of the remaining supply, 26% is allocated for ecosystem support, 20% is allocated to core contributors, and 17% is allocated to strategic partners.
Uniswap Foundation: held a total of $41.41 million and stablecoins and 730,000 UNI in the first quarter
The Uniswap Foundation officially announced its unaudited quarterly financial report as of March 31, 2024. In this quarter, it held a total of US$41.41 million and stablecoins (approximately US$40.47 million, 750,000 DAI, 180,000 USDC) and 730,000 UNI. Fiat currency (US dollars) and stablecoins will be used to fund and operate activities, and UNI will be used for employee token rewards. The expected period of use of funds will last until the end of 2025, with the following specific allocations: Grant commitments and incentives: US$25.77 million will be issued in 2024 and 2025. US$2.94 million will be used for previously promised grants, pending issuance. The remaining US$12.7 million will be used to cover operating expenses until the end of 2025.
Important data
Data: The overall market value of the Runes sector exceeds 1.5 billion US dollars
GeniiData data shows that the overall market value of the Bitcoin Runes sector has exceeded $1.5 billion, with a daily increase of 0.24%. Among them, the rune DOG•GO•TO•THE•MOON has a market value of $426.88 million, ranking first; the rune AI•CHATGPT•COIN has a market value of $304 million, ranking second; and the rune RSIC•GENESIS•RUNE has a market value of $174 million, ranking third.
Data: Tokens worth about $380 million will be unlocked next week, of which OP, DYDX, and SUI unlocked tokens worth more than $50 million each
Token Unlocks data shows that next week, OP, DYDX, SUI and other tokens will usher in a one-time large-scale unlocking, with a total release value of approximately US$380 million. Among them:
Optimism (OP) will unlock approximately 31.34 million tokens at 8:00 a.m. Beijing time on May 31, accounting for 2.88% of the current circulation, with a value of approximately US$79 million;
DYDX (DYDX) will unlock approximately 33.33 million tokens at 8:00 am Beijing time on June 1, accounting for 11.91% of the current circulation, with a value of approximately US$67 million;
Sui (SUI) will unlock approximately 65.08 million tokens at 8:00 am Beijing time on June 1, accounting for 2.78% of the current circulation, with a value of approximately US$69 million;
Ethena (ENA) will unlock approximately 53.6 million tokens at 7:00 a.m. Beijing time on June 2, accounting for 3.62% of the current circulation, worth approximately $46 million;
1inch (1INCH) will unlock approximately 98.74 million tokens at 8:00 a.m. Beijing time on June 1, accounting for 8.52% of the current circulation, with a value of approximately US$42 million;
Echelon Prime (PRIME) will unlock approximately 1.66 million tokens at 8:00 a.m. Beijing time on May 31, accounting for 4.23% of the current circulation and worth approximately US$28 million;
Yield Guild Games (YGG) will unlock approximately 16.69 million tokens at 10:00 pm Beijing time on May 27, accounting for 4.49% of the current circulation and worth approximately US$16 million;
SingularityNET (AGIX) will unlock approximately 8.71 million tokens at 8:00 a.m. Beijing time on May 28, accounting for 0.68% of the current circulation and worth approximately US$8.4 million.
ZetaChain (ZETA) will unlock approximately 5.29 million tokens at 8:00 am Beijing time on June 1, accounting for 1.99% of the current circulation and worth approximately US$8.2 million;
Nym (NYM) will unlock approximately 25 million tokens at 8:00 a.m. Beijing time on May 27, accounting for 3.26% of the current circulation and worth approximately $4 million.
Manta Network (MANTA) will unlock approximately 1.87 million tokens at 7:59 am Beijing time on June 1, accounting for 0.74% of the current circulation and worth approximately US$3.2 million;
Acala (ACA) will unlock approximately 27.43 million tokens at 3:00 p.m. Beijing time on June 1, accounting for 2.85% of the current circulation, with a value of approximately US$2.8 million;
Tornado Cash (TORN) will unlock approximately 92,000 tokens at 11:30 a.m. Beijing time on May 31, accounting for 2.41% of the current circulation and worth approximately US$240,000.
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