1.QCP: Bitcoin may face selling pressure due to Mt. Gox distribution and DMM attack, while Ethereum is bullish
QCP Capital pointed out in its latest market analysis report: 1. Bearish on Bitcoin: Selling pressure from potential supply distributed by Mt. Gox (about US$9.6 billion) and DMM hack (about US$305 million); 2. Bullish on Ethereum: Ethereum spot ETF may start trading earlier than expected in June, and the US SEC urges applicants to submit S-1 forms by May 31.
2. Trump’s cryptocurrency holdings value exceeds $13.6 million, up more than $3.3 million this week
Arkham data shows that the value of crypto assets held by former US President Donald Trump's address has increased by more than US$3.3 million this week and is currently US$13,658,441.37, mainly including: -579,290 TRUMP, worth US$9.48 million; -465,842 ETH, worth US$1.76 million; -374,939 WETH, worth US$1.42 million.
3. Polyhedra responds to Matter Labs: Do not implement monopoly in the name of community and industry development, and hope to withdraw the ZK trademark application
Polyhedra Network responded to a series of commitments previously made by Matter Labs regarding the ZK trademark on the X platform as follows: 1. Regarding "Matter Labs will never enforce any existing or future ZK trademarks it owns, except for defensive purposes": zkSync showed the ZK trademark application to the exchange and tried to grab the ZK code through the ZK trademark application. This is not for defensive purposes; 2. Regarding "We thank Vitalik Buterin...": There is no evidence that Vitalik has supported Matter Labs in the trademark application. In fact, ZK's inventors Silvio Micali and Shafi have expressed their opposition to the ZK trademark; 3. Regarding "establishing a legal entity without an owner whose sole purpose is to hold trademarks for 'ZK' and similar key names. This work must be led by a trusted, impartial and neutral organization or community member": In other fields, such as artificial intelligence, everyone can call it AI. However, no individual or company can register the AI trademark because no one can truly represent or monopolize AI. If we allow a company to apply for the ZK trademark, it will set a bad precedent for the industry. Thankfully, Matter Labs' application has not yet been approved. We are speaking out here to raise awareness in the industry that this behavior must be stopped. We also hope that Matter Labs will not engage in monopolistic behavior and pursue its own selfish interests under the banner of community and industry development, and please withdraw the ZK trademark application.
4. Paradigm researcher: Uniswap postponed the vote on "UNI staking and delegation rewards" because a certain VC was putting pressure on it
Regarding the "Uniswap postponement of the UNI staking and delegation reward vote originally scheduled for Friday", Paradigm researcher Dan Robinson posted on X: "It is disappointing that a large VC tried to manipulate the token governance process and postpone the community proposal at the last minute to advance their own 'pet' project." Dan Robinson did not specify which VC it was. Earlier news, the Uniswap Foundation postponed the UNI staking and delegation reward vote originally scheduled for Friday because a stakeholder discussed some issues that needed attention with the foundation and required additional due diligence for a comprehensive review. Due to the immutability and sensitivity of the proposal upgrade, it was decided to postpone the vote.
5. Vitalik Buterin retweeted a 2022 tweet about LUNA, saying that the ETH camp hates LUNA
Ethereum co-founder Vitalik Buterin retweeted a 2022 tweet about LUNA that read: "Found that a lot of the hatred for LUNA seems to come from the ETH camp."
6. CZ has started serving his sentence in a federal prison in California
CZ has begun serving his sentence at a low-security federal prison in Lompoc, California. CZ's defense team, Latham & Watkins, confirmed that CZ is now in custody. In November 2023, CZ pleaded guilty to violating the Bank Secrecy Act for failing to maintain an effective anti-money laundering program; in April of this year, CZ was sentenced to four months in prison.
7. U.S. House Financial Services Committee: Biden's veto of SAB 121 ignores multiple votes from both parties
The U.S. House Financial Services Republican Committee posted on social media that President Biden's veto of SAB 121 was very disappointing. This move ignored multiple votes from both parties and sent a clear message to the government that its attitude toward digital asset policy was wrong. Congress will continue to fight for clarity in digital asset regulation.
8. Bloomberg ETF Analyst: 21Shares is currently developing its own spot Ethereum ETF
Bloomberg ETF analyst Eric Balchunas said that 21Shares is currently working on a spot Ethereum ETF alone, and ARK has been removed from the documents and names, but they are still partners in Bitcoin and futures ETFs. And any new S-1 will not charge fees. The fee war is temporarily put on hold.
