headlines
headlines
Polygon announced the launch of Polygon 2.0 as a set of upgrades aimed at becoming a unified network of L2 chains powered by ZK technology to establish a "value layer" for the Internet that will allow users to "create, exchange and program value" . This involves upgrades to protocol architecture, token economics, and governance to provide scalability and unified liquidity through ZK technology. Polygon will spend the next few weeks detailing each component of Polygon 2.0, discussing topics such as the future of the Polygon PoS chain, the utility and evolution of the Polygon token, and the transition to greater community governance of the protocol and treasury, in addition A road map will also be developed.
cryptocurrency
cryptocurrency
TrueUSD: Working to restore TUSD minting on Prime Trust
TrueUSD, a US dollar stablecoin issuer, tweeted that it is working hard to resume TUSD minting on Prime Trust, thanking the community for their patience and support during this process, and will provide updates as soon as there is new progress. According to previous news, TUSD has temporarily stopped minting TUSD through Prime Trust and will wait for further notice.
UK FCA Approves Registration Applications for Bitstamp and Interactive Brokers
The UK Financial Conduct Authority's (FCA) encryption asset company registration page shows that the encryption exchange Bitstamp UK Limited and the online brokerage company Interactive Brokers (UK) Limited have been included in the Registered Cryptoasset firm (Registered Cryptoasset firm) list. It is reported that cryptocurrency companies wishing to do business in the UK must register with the FCA, and the total number of companies currently approved has reached 42. (CoinDesk)
Foreign media: The EU Data Act may involve smart contract design rules, which may affect the DeFi field
Policymakers are weighing whether smart contracts, the cornerstone of DeFi, need to be designed in such a way that developers can step in and alter their transactions, according to leaked draft EU legislation. Cryptocurrency project founders turn their attention to the European Union amid the US crackdown. The proposal could affect regulatory clarity in the EU. Further changes are still possible as the text is being negotiated, with EU policymakers aiming to reach an agreement on the data bill by the end of June, meaning only two weeks remain for possible changes. The draft bill, dated June 8, suggests that smart contracts would have the same definition as a computer program that uses "a series of electronic data records." The definition is broad enough to cover blockchain-based smart contracts regardless of how they are used. For industry advocates, this definition is broader than the repealed definition and could cause more problems for blockchain developers. Tommaso Astazi, director of regulatory affairs at the European blockchain advocacy group, commented that “these requirements should not apply to so-called smart contracts in the Web3 industry,” noting that the measures are intended to apply to connected devices. (DL News)
The Arbitrum ecological chain game MetaLine issued an article stating that the DeFi protocol iZUMi Finance misappropriated mining rewards and dumped its tokens. In late May, MetaLine agreed to form a partnership with iZUMi Finance and participate in its double reward mining campaign. The project claims to be ZKSync’s top DEX and has raised $20 million. Although MetaLine initially considered iZUMi Finance to be a reliable partner, subsequent events were completely unexpected. Under the terms of the partnership, MetaLine pledged to create a $60,000 worth of MTG liquidity pool and provide $20,000 worth of MTG as mining rewards as part of the Double Reward Mining campaign. iZUMi Finance will provide IZI worth $5,000 as a mining reward. MetaLine then fulfilled its promise, sent MTG worth 20,000 USD to the address provided by iZUMi Finance, and started the mining reward activity. However, MetaLine tracked and monitored the iZUMi Finance address (0x 00097 ed 1 dAcdbAB 9141835852 f 8 de 20 D 690 B 6 f 94 ) on the chain and found that iZUMi Finance embezzled MTG worth $10,000, and only included half of the MTG sent by MetaLine into the flow Sexual mining reward pool. In addition, iZUMi Finance sold a part of MTG (worth more than 2,640 USD) that was not included in the liquidity mining reward pool, and included this part of the funds in the mining reward pool to continue mining. MetaLine said it had attempted to contact iZUMi to confirm the matter but had not yet heard back.
Project News
Project News
Binance Launches the 34th New Coin Mining Project Maverick Protocol (MAV)
According to the official announcement, Binance has launched the 34th new currency mining project Maverick Protocol (MAV). Maverick Protocol is a composable decentralized trading platform that enables liquidity providers to execute their desired LP strategies, improving capital efficiency. Users can put BNB and TUSD into the MAV mining pool on the Launchpad website after 08:00 on June 14 (Eastern Eighth District time) to get MAV rewards. MAV can be mined for a total of 25 days. The website is expected to be updated approximately four hours after this announcement, before the opening of mining activities. Binance will open MAV/BTC, MAV/USDT, and MAV/TUSD trading markets once MAV token liquidity meets the requirements. Exact dates and times will be announced as they are determined.
Uniswap Labs Releases Uniswap v4 Code Draft and Seeks Community Feedback
Uniswap Labs releases Uniswap v4 code drafts so that v4 can be built publicly, with public feedback and meaningful community contributions. The vision of Uniswap v4 is to allow anyone to make trade-off decisions by introducing "hooks". Hooks are contracts that run at various points in the lifecycle of pool operations. Pools can make the same tradeoffs as v3, or they can add entirely new functionality. For example, v4 will allow the pool itself to support dynamic fees, add on-chain cap orders, or act as a time-weighted average market maker (TWAMM) to spread out large orders over time. The v4 pool will exist in a single contract, which will reduce the gas cost of creating a pool by 99%. The Uniswap v4 code will be released under Business Source License 1.1, which will limit the use of the v4 source code in a commercial or production environment to 4 years, at which time it will be permanently converted to a GPL license. The protocol fee mechanism will also be modeled after v3. Governance will be able to vote to add protocol fees to any pool, up to a capped amount.
ApeCoin DAO management's high salaries spark community dissatisfaction, Yat Siu clarifies that its salary design is reasonable
On June 10, ApeCoin DAO Secretary Vulkan tweeted an organizational chart detailing the salaries of the DAO leadership. The picture showed a monthly salary of $7,000-$75,000, a figure that shocked some community members and sparked a series of inquiries from some. One Twitter user described the pay as "crazy" and possibly a "waste of money". According to members of the community, they had no idea what the "special committee" was doing that was worth their $20,000 monthly salary. According to the organizational chart, a "special committee" is responsible for managing DAO-related proposals. Therefore, the Twitter user also asked the community if anyone remembered whether any proposals were passed in 2023. One community member called the salary level "insanely out of touch with reality," while another Twitter user accused those who made the decision of being "out of touch with reality." In response, Yat Siu, a member of the board of directors of ApeCoin DAO and co-founder of Animoca Brands, tweeted that the compensation paid by ApeCoin DAO was originally designed to be commensurate with the "responsibilities and obligations of the position", and the closest example found at the time was listed companies director. Directors are paid differently due to factors such as risk and liability, with different industries paying higher salaries, Siu said, noting that the cryptocurrency and Web3 industry has many risks and responsibilities. While the roles of special committees are not identical, there are many similarities. The importance and duty of care that come with serving a multi-billion dollar DAO and the associated risks and responsibilities of each member is real and serious. Siu thinks it's a bit unfair to compare the pay of ordinary workers with the pay of a job serving a multi-billion dollar DAO like ApeCoin. (Cointelegraph)
Linea launches Alpha v 0.2 upgrade
Linea, a zkEVM project under ConsenSys, tweeted that it will launch the Alpha v 0.2 upgrade within 1 hour as originally planned. According to previous reports, on June 8, Linea tweeted that Linea Alpha v 0.2 will be released on June 13, preparing for the launch of the mainnet through a substantial architectural upgrade. Bridge functionality is expected to be down for 4-6 hours at that time.
Investment and Financing
Investment and Financing
Solana Ecosystem Development Platform Ironforge Closes $2.6M Pre-Seed Funding Round Led by Reciprocal Ventures
Ironforge, the Solana ecological development platform, announced the completion of a $2.6 million Pre-Seed round of financing, led by Reciprocal Ventures, with participation from Hash 3, 6th Man Ventures, Alchemy, Monoceros Ventures, and Portage Ventures. Funding from this round will be used to move Ironforge from idea to production and expand its team. It is reported that Ironforge aims to improve the developer experience and simplify the integration of the Solana blockchain with existing systems, and provide Solana developers with a series of features, such as low-cost retrieval of indexed account data, RPC intelligent routing and failover, automatic resolution, Features like cache control defined by the developer. As previously reported, IronForge was the overall winner of the Solana Summer Camp Hackathon.
Nebeus completes 1.2 million euros in financing and plans to launch a DeFi wallet
Cryptocurrency startup Nebeus has raised €1.2 million on equity crowdfunding site Seedrs. Proceeds from the financing will be used to accelerate the development of Nebeus and expand its range of services. Additionally, Nebeus announced plans to launch its DeFi wallet. (Finextra)
Web3 Payment Solution BoomFi Completes $3.8M Seed Round Led by White Star Capital
Web3 payment solution BoomFi completed a $3.8 million seed round of financing, led by White Star Capital, with participation from Passion Capital, Blockchain Founders Fund, Kraken Ventures, GSR, and Aquanow. It is reported that BoomFi is an all-in-one solution for encrypted payments. BoomFi will use the LayerZero full-chain bridge Stargate Protocol to transfer assets across chains, and the liquidity provider is Aquanow.
Collectibles.com, a Web3 collection platform, completes a $5 million seed round led by Blockchange Ventures
Collectibles.com, a Web3 collection platform, announced the completion of a $5 million seed round of financing, led by Blockchange Ventures, with participation from GFR Fund, Peter Thiel, and Blockwall Capital. It is reported that Collectibles.com is building a Web3 collector community and market based on the Collectibles Protocol. (PRNewswire)
Web3 fantasy sports platform GameOn completes $1.7 million financing, Lightning Capital, Flow participated in the investment
Web3 fantasy sports platform GameOn announced the completion of a strategic financing of US$1.7 million. The investors are Lightning Capital and blockchain platform Flow. Lightning Capital invested approximately $1.2 million in convertible notes, and Flow provided $500,000 in funding through its Flow Ecosystem Fund, its ecosystem fund. (CNW)
global policy
global policy
The Shanghai Municipal Science and Technology Commission issued a document stating that with the approval of the Shanghai Municipal Government, the "Shanghai "Metaverse" Key Technology Research Action Plan (2023-2025)" has been issued to relevant units. According to the plan, the "Metaverse" is an important platform for the interaction between the virtual world and the real society in the future. In order to implement the "14th Five-Year Plan for Building a Science and Technology Innovation Center with Global Influence in Shanghai" and "Shanghai's Action Plan for Cultivating a New "Metaverse" Track (2022-2025)", accelerate the promotion of "Metaverse" In order to make breakthroughs in key technologies in the field, this action plan is specially formulated. In the "Main Attack Direction" section, the plan also mentioned: "Facing the decentralized/multi-centralized organizational rules of the 'Metaverse', focus on the development of technologies such as the Web3 network operating system around the blockchain field, and build high-performance A new, scalable, secure and controllable blockchain architecture provides a neutral and credible information processing platform for 'Metaverse' applications."
character * voice
character * voice
SBF Attorney: Fraud Litigation Against SBF Could Be Delayed for Months or Years
A lawyer for FTX founder Sam Bankman-Fried said in a legal filing Monday that the fraud lawsuit against the founder of FTX could be delayed by "months or years" if additional fees are added, possibly beyond the time it was originally scheduled to take place in October. trial date. (CoinDesk)
Ripple's chief legal officer: Hinman ignored multiple warnings about his speech, and the reasons behind it should be investigated
Stuart Alderoty, chief legal officer of Ripple, tweeted that according to the emails related to Hinman's 2018 speech published in the US SEC and Ripple lawsuit, William Hinman, the former director of the SEC's corporate finance department, had ignored multiple warnings that his speech contained no legal basis. Fictitious analysis, detached from the Howey factor, exposes regulatory loopholes that will not only cause confusion, but even greater market confusion. While Hinman claimed the speech was his personal opinion, he and the SEC touted it as guidance. Then then-SEC Chairman Jay Clayton pointed it out publicly. Although the SEC has back and forth on the importance of the speech during the lawsuit, it still publishes the speech on its website. Stuart Alderoty believes the next step is to immediately remove the speech from the SEC's website. There must be an investigation into what or who influenced Hinman, why the controversy (or at least the appearance of it) was ignored, and why the SEC touted the speech knowing it would create "greater confusion." Finally, Hinman’s speech should no longer be cited in any serious discussion of whether tokens are securities. According to previous reports, newly released documents show that in 2018, former SEC director William Hinman planned to have a call with Ethereum co-founder Vitalik Buterin to understand how the Ethereum Foundation operates in order to "confirm" his position that ETH Not securities. Hinman argued in a famous 2018 speech that the ethereum network’s native asset does not need to be regulated as a security, a view that Ripple Labs has since frequently cited in its defense of its lawsuit with the SEC. Recently released documents offer a glimpse into the SEC’s internal discussions ahead of Hinman’s speech, in which he suggested that bitcoin and ethereum are not securities.
US SEC Chairman: June 13 is the deadline to submit comments to modify the definition of "exchange"
