Today's news tips:

1. Robert Kennedy Jr.: If elected President of the United States, he would pardon Ross Ulbricht

2. Pudgy Penguins and OverpassIP form parent company Igloo

3. CoinStats was attacked, affecting 1,590 crypto wallets, and the application has been temporarily shut down

4. ZachXBT: Sportsbet was attacked again after BtcTurk, with losses exceeding $3.5 million

5. Cryptographic security startup PQShield completes $37 million Series B financing

6. BlackRock, Grayscale, and MicroStrategy are the top three companies holding Bitcoin in the world

7. Data: Tokens worth more than $100 million will be unlocked next week, of which OP unlocks about $56.7 million

Regulatory News

Robert Kennedy Jr.: Will pardon Ross Ulbricht if elected president

US presidential candidate Robert Kennedy Jr. recently expressed strong support for Ross Ulbricht, the founder of the dark web Silk Road. Kennedy believes that Ulbricht was sentenced to life imprisonment for creating Silk Road, and the punishment for him was too harsh. If he is elected president, he will pardon Ulbricht. In addition, Kennedy announced plans to sign a petition calling for Ulbricht's release and urged others to join the initiative. According to previous news, Trump also promised last month that he would pardon Ross Ulbricht if elected.

NFT / AI

Pudgy Penguins and OverpassIP form parent company Igloo

NFT project "Fat Penguin" Pudgy Penguins and its NFT licensing platform OverpassIP jointly established the parent company Igloo. The purpose of Igloo Inc was to create an end-to-end ecosystem for new entrants into the crypto space without diluting equity. Igloo is building a Web3 mainstream IP ecosystem and infrastructure to support on-chain brand building and consumer engagement.

Meta discusses cooperation with Apple in the field of artificial intelligence

According to Sina Finance, citing the Wall Street Journal, Facebook's parent company Meta has discussed cooperation with Apple in the field of artificial intelligence. Meta plans to integrate its generative artificial intelligence model with Apple's recently released artificial intelligence system Apple Intelligence, which is used in iPhones and other devices. At the same time, artificial intelligence startups Anthropic and Perplexity are also in talks with Apple to explore the introduction of their generative artificial intelligence technology into Apple's intelligent system.

Project News

ZachXBT: Sportsbet was attacked again after BtcTurk, with losses exceeding $3.5 million

According to the monitoring of ZachXBT, the online gambling platform Sportsbet was also suspected to be attacked by BtcTurk hackers last night, with a loss of more than 3.5 million US dollars. According to previous news, the Turkish crypto exchange BtcTurk said it was attacked on June 22. The attack affected part of the hot wallet balances of 10 cryptocurrencies, but most of the assets were stored in safe cold wallets.

Base Sepolia test network will launch the fault proof system in mid-July

According to the official announcement, the Fault Proofs system is expected to be launched on Base Sepolia (testnet) in mid-July. Fault Proofs are a key implementation of L2 on the road to decentralization. They make the method of verifying L2 status more decentralized and pave the way for more community participation. Changes in testnet withdrawals after going online include: withdrawals will be proven and finalized according to the Fault Proofs system; withdrawals will no longer be instant and will take at least seven days to complete, or may take longer; DisputeGameFactory will replace L2O outputOracle and become the new contract for output root claims. If testnet funds are being withdrawn from L2 to L1, withdrawals before the mid-July upgrade will be processed immediately; withdrawals during or after the Base Sepolia fault proof upgrade will take at least seven days to complete.

CoinStats was attacked, affecting 1,590 crypto wallets, and the application has been temporarily shut down

Cryptocurrency portfolio management firm CoinStats has temporarily suspended user activity after 1,590 crypto wallets were affected by a security breach.

“The attack has been mitigated and we have temporarily shut down the application to isolate the security incident,” Coinstats wrote in a June 22 post. “Thanks to the CoinStats team’s quick response, only 1.3% of CoinStats wallets were affected, a total of 1,590 wallets, and no connected wallets or CEXs were affected.”

Coinstats released a Google document that lists all currently affected crypto wallets. The document mentions that this list "may change" as the investigation progresses, but no major changes are expected. The document states: "If your wallet address is on this affected list, please use your private key to transfer funds immediately."

CoinStats security incident caused a Blurr.eth wallet to lose $8.7 million in MKR

According to on-chain analyst Embers, CoinStats was attacked last night, and hackers pushed notifications containing phishing links to users through the application. About 1,590 wallets were affected.

The wallet that was most affected may be one belonging to Blurr.eth. 3,657 MKR (8.7 million USD) was stolen and sold on the chain by the hacker for 2,482 ETH. This caused the price of MKR to plunge from $2,462 to $2,280, a short-term drop of 7%.

CoinStats CEO: We are taking measures to restore services and isolate the attacker, which is expected to take 24 hours

CoinStats CEO Narek Gevorgyan said on the X platform that all security measures are being taken to restore services and ensure that the attacker is isolated. It will take some time, estimated to be 24 hours. On the other hand, efforts are being made to push CEX to blacklist the attacker's address that has been marked on Etherscan. It should be reminded that connected wallets will not be affected.

Earlier news said that CoinStats was attacked, affecting 1,590 crypto wallets, and the application has been temporarily shut down.

Helius CEO: Introducing ZK compression into Solana can greatly improve network scalability and reduce costs

Mert Mumtaz, CEO of Solana ecosystem development platform Helius, tweeted that the team is introducing ZK compression into Solana, which will be done directly on L1 without the need for L2.

This move will greatly improve the scalability of the Solana network, allowing developers to build and expand anything directly on the chain without leaving the chain. In addition, it can significantly reduce costs. For example, the current airdrop to 1 million users is expected to cost more than $260,000, but after the introduction of ZK compression, the cost can be reduced to $50, a 5,200-fold reduction.

Andrew Kang: The impact of ETH ETF is not as obvious as BTC ETF, and ETH has limited upside potential

Andrew Kang, co-founder of Mechanism Capital, published an article on X analyzing the impact of Ethereum spot ETF on the market. Andrew Kang believes that BTC ETF opens the door for many new buyers to allocate Bitcoin in their portfolios. The impact of ETH ETF is less obvious. Unless Ethereum develops a convincing way to improve its economic conditions, there will not be much room for ETH prices to rise. The flow of funds for Ethereum spot ETF is expected to be lower than the general market expectations, because the approval of the ETF is unexpected and the issuer does not have much time to convince large holders to convert their ETH into ETFs.

Andrew Kang expects ETH/BTC to continue its downward trend, with the ratio between 0.035 and 0.06 over the next year. Although the sample size is small, the market does see ETH/BTC making lower highs in each cycle, so this should not be surprising.

Financing News

Cryptographic security startup PQShield completes $37 million Series B funding

Cryptographic security startup PQShield announced the completion of a $37 million Series B financing round, led by Addition, with participation from Braavos Capital, Legal & General, and Chevron Technology Ventures. The new funds will be used to hire more employees and promote closer working relationships with partners and customers. PQShield aims to protect encryption systems from quantum computer-based hacker attacks, and its well-known customers include Nvidia and AMD.

Important data

Data: Bitcoin miners have sold more than 30,000 BTC since June

According to IntoTheBlock, Bitcoin miners have sold more than 30,000 BTC (about $2 billion) since June, the fastest pace in more than a year. The recent halving has led to a drop in profits, triggering the sell-off.

BlackRock, Grayscale, and MicroStrategy are the top three companies holding Bitcoin in the world

HODL15Capital Twitter listed the top ten companies holding Bitcoin worldwide as of June 22, including:

BlackRock (IBIT): 305,614 BTC;

Grayscale (GBTC): 277,067 BTC;

MicroStrategy（MSTR）：226331 枚 BTC；

Fidelity (FBTC): 167,375 BTC;

Tether：75354 枚 BTC；

ARK 21Shares Bitcoin ETF（ARKB）：46335 枚 BTC。

2024.qklpj.eth has deposited 5544 ETH redeemed from Renzo to Binance in the past 10 hours

According to on-chain analyst @ai_9684xtpa, in the past 10 hours, 2024.qklpj.eth has deposited all 5,544 ETH previously redeemed from Renzo into Binance, worth $19.44 million. This address is most likely owned by @qklpjeth and shares a Binance deposit address with the address qklpj.eth.

Data: Tokens worth more than $100 million will be unlocked next week, of which OP unlocks about $56.7 million

Token Unlocks data shows that next week, ALT, YGG, OP, PRIME and other tokens will usher in a one-time large-scale unlocking, with a total release value of over US$100 million. Among them:

Acala (ACA) will unlock approximately 4.66 million tokens at 8:00 a.m. Beijing time on June 25, accounting for 0.46% of the current circulation, with a value of approximately US$330,000.

AltLayer (ALT) will unlock approximately 105 million tokens at 6:00 pm Beijing time on June 25, accounting for 6.92% of the current circulation, with a value of approximately US$20.3 million;

Yield Guild Games (YGG) will unlock approximately 16.69 million tokens at 10:00 pm Beijing time on June 27, accounting for 4.48% of the current circulation, with a value of approximately US$10.7 million;

SingularityNET (AGIX) will unlock approximately 8.57 million tokens at 8:00 a.m. Beijing time on June 28, accounting for 0.67% of the current circulation and worth approximately US$5.7 million.

Tornado Cash (TORN) will unlock approximately 90,000 tokens at 11:30 am Beijing time on June 30, accounting for 2.41% of the current circulation, with a value of approximately US$285,000.

Echelon Prime (PRIME) will unlock approximately 750,000 tokens at 8:00 am Beijing time on June 30, accounting for 1.83% of the current circulation and worth approximately US$8 million;

Optimism (OP) will unlock approximately 31.34 million tokens at 8:00 a.m. Beijing time on June 30, accounting for 2.88% of the current circulation and worth approximately US$56.7 million.

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