Headlines
Global spot Bitcoin ETF holdings now account for 5% of the total BTC supply
According to data disclosed by Bitcoin Magazine on the X platform, global spot Bitcoin ETFs currently hold Bitcoin worth more than US$70 billion, and their holdings account for 5% of the total Bitcoin supply.
Solana Foundation: Removed some validators who conducted sandwich attacks on users
The Solana Foundation announced that it has removed a group of validator operators from the delegation program due to their involvement in a “sandwich” attack on Solana users. The removal of these validators is in compliance with the rules set by the Foundation, which prohibit such malicious activity.
1 0x Research: $6.75 billion in BTC and $1.9 billion in ETH were withdrawn from exchanges last month
1 0x Research said in its latest report that currently, Bitcoin is near the top of its range and faces challenges to break through the all-time high. This can be attributed to the Bitcoin halving event on April 20. After the halving, the minting of stablecoins has slowed down significantly, and the number of wallets holding more than $10 million in stablecoins has decreased. This trend is hindering Bitcoin from setting new highs. A large amount of Bitcoin (worth $6.75 billion) has been withdrawn from trading platforms in the past month (97,000 BTC less). This record outflow was mainly driven by two US-focused trading platforms: Kraken (55,000 BTC less, about $3.8 billion) and Coinbase (24,000 BTC less, about $1.7 billion). Last week, $771 million was withdrawn from exchanges, which is a considerable number compared to the 13,500 Bitcoins issued last month. The only exchange with a large inflow of funds is Bitfinex (72,000 BTC). In comparison, Bitcoin spot ETFs bought about $3.9 billion worth of Bitcoin (56,000 BTC) last month. In addition, a large amount of Ethereum worth $1.9 billion was withdrawn from exchanges last month. Inflows came from Binance and Coinbase, while outflows came from Bitfinex and Kraken. In the past week, only $56 million worth of Ethereum was withdrawn from exchanges, indicating that the outflow rate has slowed significantly and the demand for Ethereum has been decreasing in various forms.
Industry News
The gap between Grayscale and BlackRock’s Bitcoin holdings has widened to nearly 20,000 BTC
According to official data, as of last Friday, June 7, Grayscale GBTC held 285,105.8738 BTC, and BlackRock IBIT held 304,976.7378 bitcoins. The gap between Grayscale and BlackRock's Bitcoin holdings has widened to 19,870.864 BTC.
Bitfarms attempts to block Riot Platforms’ hostile takeover with poison pill
Bitcoin mining company Bitfarms is adopting a "poison pill" strategy to prevent acquisitions by peers and competitors Riot Platforms. It is reported that equity dilution anti-takeover measures, also known as "poison pill plans", are measures taken to prevent companies from unsolicited acquisitions and try to reduce their attractiveness. Bitfarms said that the plan has been approved by the board of directors and is "designed to maintain the integrity of its previously announced strategic alternative review process and is in the best interests of shareholders."
OKX Star: The OKX address book function does need to be improved. OKX will bear full responsibility for any customer losses caused by its own problems.
In response to a user's clarification about a new address appearing in the address book on his OKX account, OKX CEO Star said on social media that he often forgets the addresses he added a long time ago. If you have any questions, please feel free to contact customer service to verify. The OKX address book function does need to be improved, such as showing the time of addition. In addition, OKX will continue to bear full responsibility for customer data losses caused by OKX's own problems.
Project News
Binance: CR 7 NFT airdrop will be carried out, and all CR 7 Forever Worldwide holders can increase the rarity
According to official news, Binance announced on the X platform that it will conduct a CR 7 NFT airdrop, and all CR 7 Forever Worldwide holders will be given 100 free NFTs to increase the rarity.
LayerZero CEO: The final list of Sybil addresses is expected to be announced by the end of June
LayerZero CEO Bryan Pellegrino said on the X platform in response to a question about “when will the witch check be completed and the final list released” that it is expected to be before the end of the first half of 2024.
zkSync will start pre-game activities tomorrow
Ethereum L2 network zkSync posted on X platform: “Turn on notifications and follow ZK Nation, the community account dedicated to managing, protecting and growing the zkSync protocol. Pre-game starts tomorrow.”
Berachain announces the launch of public testnet bArtio B 2
L1 public chain Berachain announced on the X platform that its public testnet bArtio B 2 is now live.
io.net’s new CEO: From now on, the former CEO’s IO tokens will be hosted in Ceffu and will be subject to a 1-year sales restriction
io.net's new CEO @MTorygreen announced on the X platform that his top priority is to ensure the successful launch of the IO token and lay the foundation for the future development of the project. From now on, the IO tokens of the former CEO Shadid will be hosted in Ceffu. These tokens will be subject to a 1-year sales restriction from the date of listing. At the end of the 13th month after listing, 1/36 of the tokens will be available for sale. The tokens will be unlocked and available for sale every month for the next 36 months.
StarkWare Ecosystem Leader Launches Catnet to Test Bitcoin Circle STARK Verifier Deployment
Starknet core developer and StarkWare ecosystem lead Abdel (@dimahledba) announced the launch of Catnet on X Platform, a custom Bitcoin signet with OP_CAT enabled that will be used to test the deployment of Bitcoin Circle STARK Verifier. Abdel added that Faucet is coming soon.
Security Risk
Cosine: ComfyUI plugin has risks, it is recommended to check and deal with it as soon as possible
Developer @op 7418 said: “Check if you have installed the ComfyUI plug-in ComfyUI_LLMVISIO. This plug-in contains a virus that will send your browser password, credit card information and browsing history to hackers. If installed, uninstall it as soon as possible and clean up the registry.” SlowMist founder Yu Xian said: “Targeted attacks on players who mess with AI... Pay attention to this ComfyUI plug-in. If your computer has it installed, follow the corresponding instructions to troubleshoot and deal with it as soon as possible.”
Bitcoin Core members urge users to upgrade to version 25.0 or higher and discuss new vulnerability disclosure policy
Bitcoin Core's Optech Newsletter#306advises users to "upgrade to Bitcoin Core 25.0 or later in the next two weeks, with the latest release being 27.0 ." Several Bitcoin Core project members discussed a new policy on vulnerability disclosure. If Bitcoin Core releases a new version, low-severity vulnerabilities will be disclosed about two weeks after the new version is released, while most other vulnerabilities will be disclosed after the affected version expires.
Character Voice
Uniswap founder: Ethereum L2 shouldn’t focus on immutability until L1 is ready
Hayden Adams, founder of Uniswap, said in a post on X Platform yesterday that L2 chains focused on Ethereum expansion should not focus on immutability (the ability to retain an unchanged and unchangeable transaction ledger) until the Ethereum blockchain is ready. Adams said: "Ethereum L2 should not be immutable. It's been 10 years, and L1 is not ready to be immutable." He added that it is "meaningless" to expect the L2 network to "never upgrade again or force large-scale migration." He explained: "If some migrate and some don't, the nature of users and applications connecting to each other on the L2 chain will destroy composability." The Ethereum Foundation has said that the L2 chain is its expansion plan, and Jonathan Colón, head of the ecosystem at NFT market Rarible, called the L2 network a "money grab." Adams responded: "The whole plan to expand Ethereum is 'L2', and we either make them work or change the roadmap (I prefer the former). Calling them money grabs (or) saying they need to be immutable does not change this. They are expensive to build, and L1 does not provide funding for this work.
Crypto KOL TOBI: It is suspected that the ZK token delegation function has been deployed in ZK Nation
Crypto KOL TOBI posted on the X platform that the suspected ZK token delegation function has just been deployed in ZK Nation.
LayerZero CEO: Welcome witch hunters to publish high-quality reports and will do our best to complete the review
LayerZero CEO Bryan Pellegrino posted on the X platform: "Last weekend was mainly about cutting out some low-quality witch reports. Now I want to focus on high-quality reports. If you are a witch hunter and think your report is excellent after looking at the reports we approved and rejected... please publish it. Despite our best efforts, it is a very real possibility that we will not be able to review 100% of all reports. We will definitely complete most of them, but may not complete all of them, so I want to make sure we get high-quality reports."
