| Canaan’s shares were increased by Fidelity and Renaissance; CSW asked the court to keep its Bitcoin address list confidential
headlines
According to reports from the self-media Wu Shuo Blockchain, Fidelity is increasing its stake in Canaan Technology. As of March 31, Fidelity has increased its holdings of 2,338,558 shares of Canaan Technology, holding 1.49% of Canaan’s shares, and it is likely to continue to increase its holdings. In addition, the Renaissance Foundation also purchased 17,400 shares of Canaan. The increase in the holdings of Canaan shares by the two legendary foundations will be conducive to the subsequent stock price recovery.
At present, Canaan’s stock price has hit a record low. The reason may be related to the unlocking and selling of early shareholders and the sluggish mining industry after the Bitcoin halving, but it is also conducive to larger-scale buying by mainstream institutions. Around May 19, the shares of Canaan executives and shareholders have been unlocked.
digital currency
Metacartel Ventures partner Adam Cochran recently tweeted the results of his research involving a human audit of the top 10,000 Ethereum addresses. The top 10,000 addresses own 91.7 million ETH, the top 1,000 addresses own about 70.7 million ETH, and the top 100 addresses own 37.8 million ETH. The top 10 addresses hold 16.6 million ETH (about 17% of the total supply). If the number of tokens held by the smart contract is removed, the top 10,000 addresses have 57.2 million ETH (about 56.7% of the total supply), the top 1,000 addresses have 42.5 million ETH, and the top 100 addresses have 26.4 million ETH.
According to reports from the self-media Wu Shuo Blockchain, Fidelity is increasing its stake in Canaan Technology. As of March 31, Fidelity has increased its holdings of 2,338,558 shares of Canaan Technology, holding 1.49% of Canaan’s shares, and it is likely to continue to increase its holdings. In addition, the Renaissance Foundation also purchased 17,400 shares of Canaan. The increase in the holdings of Canaan shares by the two legendary foundations will be conducive to the subsequent stock price recovery.
Former CFTC Chairman: It is expected to take 5 to 10 years to create a digital dollar
MakerDAO Launches New Execution Vote: Add TUSD as Collateral, Add a Second USDC Collateral Type
On May 29, the interim governance coordinator of the Maker Foundation incorporated an executive vote into the voting system, specifically adding TUSD as a new collateral and opening the second collateral type of USDC (USDC-B).
The Maker Foundation explained that the purpose of adding USDC-B collateral is to act as an emergency credit facility during times when there is excess liquidity for holders (such as a busy liquidation period when large amounts of collateral are auctioned). This is not the same as the first collateral type (USDC-A) currently used (mainly as an arbitrage tool to stabilize the price of Dai at $1). Ideally, USDC-B should not be used unless there is a serious liquidity problem in the Dai market. To achieve this, the community proposes setting an unusually high stability fee to discourage long-term use of this collateral type.
Blockchain industry
MakerDAO Launches New Execution Vote: Add TUSD as Collateral, Add a Second USDC Collateral Type
The Maker Foundation explained that the purpose of adding USDC-B collateral is to act as an emergency credit facility during times when there is excess liquidity for holders (such as a busy liquidation period when large amounts of collateral are auctioned). This is not the same as the first collateral type (USDC-A) currently used (mainly as an arbitrage tool to stabilize the price of Dai at $1). Ideally, USDC-B should not be used unless there is a serious liquidity problem in the Dai market. To achieve this, the community proposes setting an unusually high stability fee to discourage long-term use of this collateral type.
Digital Dollar Project Releases White Paper Aiming to Lay Groundwork for US CBDC
Digital Dollar Project Releases White Paper Aiming to Lay Groundwork for US CBDC
Investment and Financing
Magic Completes $4 Million Seed Funding, Led by Placeholder
Ethereum-based wallet solution provider Magic (renamed from Fortmatic) announced the completion of a $4 million seed round of financing, led by Placeholder, with participation from Lightspeed Ventures, SV Angel, Social Capital, and AngelList founder Naval Ravikant.
global policy
Magic Completes $4 Million Seed Funding, Led by Placeholder
Magic Completes $4 Million Seed Funding, Led by Placeholder
Zhejiang issued and implemented two standards to break the trust gap in e-commerce with blockchain technology
South Korea Launches National Standards Implementation Plan, Promotes Projects Including Blockchain
Character·Voice
IMF Reiterates Opposition to Marshall Islands’ Upcoming National Digital Currency SOV
Character·Voice
BM: Researching technologies related to cross-chain communication protocols
CSW Files Motion Asking Court to Keep List of Its Bitcoin Addresses Secrecy
CSW Files Motion Asking Court to Keep List of Its Bitcoin Addresses Secrecy
Stephen Palley, a partner at the Anderson Kill law firm in Washington, said CSW’s legal team filed a motion with the court to keep the bitcoin addresses listed by CSW confidential. According to the document, “Dr. Wright had good reason to redact and seal the personal information attached to the motion by the plaintiff. Personal financial information is indisputably protected by the prescribed confidentiality order.” degree of damage.
