1. Trump: If elected, Gensler will be fired. Bitcoin may surpass gold
Trump said at the Bitcoin Conference: If elected in November, he will fire Gary Gensler, chairman of the US SEC, and prevent the United States from selling its Bitcoin holdings, establish a "strategic Bitcoin reserve", reduce the sentence of Silk Road founder Ross Ulbricht, and prevent the US government from further developing CBDC. Trump also praised the development of stablecoins and support for the Bitcoin mining industry in the United States. Trump said that he hopes Bitcoin will be mined, minted and manufactured in the United States, and put forward comprehensive encryption policies covering everything from stablecoin regulation to Bitcoin self-custody rights. Trump said that it would be a disaster for cryptocurrencies if the Democrats continued to control the White House, and he would appoint a Bitcoin and Cryptocurrency Advisory Committee after taking office. He said that cryptocurrency was the steel industry 100 years ago, and it is still in its infancy, and one day it may surpass gold.
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2. US senators plan to introduce legislation to purchase 1 million Bitcoins in five years
Republican U.S. Senator Cynthia Loomis plans to introduce legislation calling for a "strategic bitcoin reserve" to reduce the U.S. national debt by purchasing 1 million bitcoins over five years. She said the bitcoins would be kept for at least 20 years. "This is the solution. This is the answer. This is our Louisiana Purchase moment," the Wyoming senator said on stage after former President Donald Trump spoke in support of the idea of a bitcoin reserve. At current prices, 1 million bitcoins are worth about $68 billion.
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3. Fortune: Harris campaign contacts key figures in the crypto industry
Vice President Harris' campaign has contacted key figures in the crypto industry, including Coinbase, Circle and Ripple Labs, with the goal of building relationships to develop future regulatory frameworks. Sources revealed that Harris hopes to convey the Democratic Party's "support for responsible business" message. Ripple CEO Brad Garlinghouse said that the Democratic Party's anti-crypto stance failed to win votes, while the Republican Party benefited from encouraging innovation. He remains open to the Harris team's contact for the time being.
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4. Wu Jiezhuang: In the future, we can consider including Bitcoin in strategic fiscal reserves
In response to Trump's speech at the Bitcoin Conference, Hong Kong Legislative Council member Wu Jiezhuang tweeted: Bitcoin and Web3 are important nodes in the development of globalization, and global common development should be encouraged; in the future, under compliance conditions, Bitcoin can be considered to be included in the strategic fiscal reserve; I believe that the SAR government will open up the market responsibly and step by step.
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5. Snowden: Bitcoin transactions are not anonymous and can be traced back to individuals
Snowden called on people to vote but warned against blindly following political ideologies. "Vote, but don't join a cult," he stressed. Snowden pointed out that Bitcoin transactions are not anonymous and can be traced back to individuals, which poses a risk to personal privacy. He explained that most transactions can be linked through various entry points (such as exchanges that comply with regulatory requirements), exposing information about users' lives and relationships. Snowden warned that governments and companies could use artificial intelligence to analyze this data and create detailed personal profiles without consent. He called for vigilance and strengthening the security of Bitcoin transactions to protect user privacy in an increasingly digital and monitored world.
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6. Hot project news of the week: Avail DA mainnet launch, Base chain supports donations to US politicians, UniswapX major upgrade, etc. (0721-0727)
1. Avail DA mainnet and AVAIL tokens are launched, supporting AVAIL staking link
Avail, a modular blockchain project, announced the launch of the Avail DA mainnet and AVAIL tokens. Avail DA is a modular blockchain solution designed to optimize data availability (DA) and achieve highly scalable and customizable rollups. AVAIL will serve as the native asset of the Avail network, used to pay DA fees and ensure network security through staking. In addition, AVAIL holders will be able to start staking AVAIL.
Avail has raised a total of $75 million and has received support from investors such as Founders Fund, Dragonfly Capital and Cyber Capital. Two important versions of Avail are being developed: the interoperability layer Avail Nexus and the secure network layer Avail Fusion. Avail DA supports various blockchain architectures, including Validiums, Optimiums, Sovereign Rollups and BTC L2s, and has obtained more than 70 collaborations, which will be integrated with Avail DA one after another.
2. US politicians can accept cryptocurrency donations on Base Chain link
US politicians can accept cryptocurrency donations on the Base chain. According to the Supportcrypto website, supporters can choose from more than 240 cryptocurrencies, including Bitcoin and Ethereum, or pay by credit card to donate through the platform. Jesse Pollak, head of the Base network, said that although the platform is backed by a company called Engage Raise, Coinbase Commerce supports its operations.
3. BEVM releases Bitcoin second-layer network Sats Network link
BEVM released the Bitcoin second-layer network Sats Network on Friday, which is built on BEVM-Stack and uses BRC20 inscription Sats as gas. The network adopts BEVM's Taproot Consensus technical framework and enjoys equivalent network security to BEVM. The network will allow Sats holders to earn network gas revenue by staking Sats and becoming a verification node of the Sats Network. Officials said that the Sats Network will be 100% operated and governed by community users.
4. Core Foundation announces dual staking model to increase Bitcoin staking returns link
The Core Foundation announced a dual staking model to increase Bitcoin staking returns. The dual staking model will further incentivize Bitcoin stakers who invest in Core for the long term — when staking Bitcoin and CORE simultaneously, their Bitcoin staking rewards will be increased. Core is a Bitcoin-powered, EVM-compatible Layer1 public chain, with more than 4,844 BTC currently staked on Core’s non-custodial staking.
5. Lightning Labs announces the launch of the first multi-asset Lightning protocol, Taproot Assets link
Lightning Labs announced the launch of Taproot Assets on the mainnet, the first multi-asset Lightning protocol, which means assets can be minted on Bitcoin and sent instantly with low fees through the Lightning Network, so it is now possible to make Bitcoin and Lightning a multi-asset network in a scalable way, based on the security and decentralization of Bitcoin. During the development process over the past few months, early adopters and the Lightning team have continuously iterated and minted more than 170,000 assets on the chain, building wallets, exchanges, and browsers for universes. In addition, through the design of the Taproot Assets protocol, each asset issuer no longer needs to launch its own liquidity and routing node subnetwork, and all issuers can take advantage of the existing network effect of the 5,400 bitcoins allocated to the Lightning Network.
6. Uniswap Labs: UniswapX has undergone a major upgrade link
Uniswap Labs officially announced that UniswapX has just undergone a major upgrade, deploying a new auction contract and redesigning the process of order quote information. The upgrade is said to include faster quote experience and transaction execution and more MEV returned to exchangers. Currently, the upgrade is online on the Uniswap web app and will soon be available on the mobile app. It is worth reminding that if the UniswapX filler offers a better price, the exchange will be executed through UniswapX; if Uniswap v2 or v3 offers a better price, the exchange will be executed through AMM.
7. Jupiter Slorg: The current status of the 30 celebrity tokens launched on the Solana network last month is worrying link
Last month, 30 celebrity-launched MEME tokens appeared on Solana, covering well-known figures from Andrew Tate to Soulja Boy. The average drop from ATH was 94%. Even the best performing tokens fell by more than 70%, and half of the tokens fell by more than 99%. Only 40% of the celebrities mentioned their tokens at least once in the past week, and most tokens fell into silence after experiencing an initial surge.
8. Securitize proposes to Ethena that Ethena allocate a large portion of its reserve fund to the BUIDL fund link
Securitize, the distributor of BlackRock's BUIDL Fund, has submitted a proposal to Ethena suggesting that Ethena should allocate a majority of its reserve fund to the BUIDL Fund. This proposal is part of a formal process initiated by Ethena to evaluate investment opportunities for its reserve fund, which it plans to use to invest in a diversified set of assets that meet the fund's investment criteria. The proposal will be reviewed and considered by the Ethena Foundation's independent risk committee.
9. Layer3 open airdrop query link
Distribution, identity and incentive infrastructure Layer3 is open for airdrop inquiries. L3 tokens will be distributed according to the user's historical and current activities, based on the number of CUBEs, task completion, cross-chain and exchange volume, and at least 50 CUBEs must be obtained before May 10. Users also need to mint Trident NFTs to participate in the second season distribution.
Layer3 completed a US$15 million Series A financing round led by ParaFi and Greenfield Capital in June this year. In addition, Layer3 raised US$3.7 million in strategic financing in 2022. Together with the US$2.5 million financing in 2021, Layer3's total financing has reached US$21.2 million.
10. Mystiko Network is suspected of having a large number of insider trading behaviors in the 2nd Airdrop link
According to community user feedback, through on-chain data tracking, Mystiko Network is suspected of having a large number of insider trading behaviors in the 2nd Airdrop. The official Mystiko-Vault Community Incentives: 0xBc…25d6 distributed 20 million XZK to 1,487 newly created addresses in 7 batches through the Multisender app at 16:22 UTC on July 5. The common behavior of these thousands of new addresses is that they received Gas funds from OKX or Bybit one day after receiving XZK. Subsequently, these thousands of new addresses packaged XZK into vXZK to obtain airdrop qualifications. In addition, the number of airdrops received by these addresses is actually more than that of normal users. For example, the new addresses: 0xda…77D4 & 0x80…Bf8e & 0x95…4800 all packaged 9,073 XZK, and received 60,000, 51,600 and 51,800 XZK airdrops respectively. It is worth noting that Mystiko Network received $18 million in financing led by Sequoia India in March this year.
