| Bitcoin ushered in the largest decrease in network difficulty in history; Jay-Z's first NFT was sold at Sotheby's (July 5)

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2021-07-05 00:13

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On Saturday, the Bitcoin network ushered in a difficulty adjustment at block height 689472, and the difficulty of the entire network was lowered to 14.36T, an increase of 27.94%.

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On Saturday, the Bitcoin network ushered in a difficulty adjustment at block height 689472, and the difficulty of the entire network was lowered to 14.36T, an increase of 27.94%.

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Data: Bitcoin network difficulty reduced by 27.94% to 14.36T

According to OKLink data, at 14:35 on Saturday, the Bitcoin network ushered in a difficulty adjustment at block height 689472, and the difficulty of the entire network was lowered to 14.36T, the largest reduction in history, with a rate of 27.94%.

According to market news, the US House of Representatives committee will hold a hearing on the central bank digital currency (CBDC). (Golden Ten)

American rapper Jay-Z's first album cover NFT sold for $139,000 at Sotheby's

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digital currency

Data: Grayscale Bitcoin Trust will unlock about 41,800 BTC this month

According to Bybt data, Grayscale Bitcoin Trust (GBTC) will unlock about 41,800 bitcoins in the middle and late July, and the maximum number of single-day unlocks will be on July 18 (16,200). In addition, about 7,370 bitcoins will be unlocked in Grayscale Bitcoin Trust in August. Grayscale Bitcoin Trust suspended new investments in March this year. Since then, GBTC has maintained a negative premium. It once fell below -20% in May, and has now rebounded to around -10%. Because there is a 6-month lock-up period rule for trust shares, there will be no GBTC unlocking after September (if GBTC does not open new investment).

Philippine Stock Exchange Eyes Crypto Trading, Says 'This Is An Asset Class We Can No Longer Ignore'"The Philippine Stock Exchange (PSE) is eyeing cryptocurrency trading. PSE President and CEO Ramon Monzon said on Friday that PSE should be an exchange platform for crypto assets. Monzon noted that the issue was discussed at a high-level meeting two weeks ago,"This is an asset class that we can no longer ignore.

Monzon stated that “if any cryptocurrency exchange needs to be done, it should be done on the PSE. This is because we have the trading infrastructure. But more importantly, we are able to provide investor protection measures, especially for products like cryptocurrencies. Many People are attracted to cryptocurrencies because of their volatility, but getting rich in an instant can also make you poor in an instant.” He further explained: “Unfortunately, we don’t have the rules from regulators right now.” (bitcoinnews)

Blockchain Development Platform Alchemy Announces Support for Flow Blockchain
Alchemy, a blockchain development platform, announced that the platform has launched Flow Blockchain, which is free for all blockchain developers to build.

According to Aave founder Stani Kulechov, before banks and financial institutions can participate in automated anonymous lending and lending, a permissioned version of DeFi must emerge, along with a system of whitelisting and blacklisting wallet addresses. Permissionless DeFi will always exist, Kulechov said, but there will also be “layered and customized” DeFi, consisting of private mining pools and whitelisted marketplaces. Fireblocks is assisting Aave in exploring how to deploy such a marketplace. (CoinDesk)

Yearn Finance has launched 6 limited NFTs on Galaxy to reward WOOFY holders

According to official news, Yearn Finance has launched 6 limited NFTs on Galaxy today to reward WOOFY holders. The first snapshot was completed at block height 12749317, and holders who meet the conditions can receive WOOFY NFT. It is reported that this is Yearn's first user loyalty program. Over the next four weeks, Yearn will continue to take snapshots to reward long-term WOOFY holders.

Flare Network: After the network is launched, 15% of Spark tokens that can be claimed will be airdropped to each qualified XRP holder

The Flare Network airdrop to XRP holders appears to be finalized, with the final distribution plan confirmed. The Flare Network plans to airdrop Spark (FLR) tokens to XRP holders in the coming months, and this is the first time it has outlined how the distribution will take place.

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DEXTools will issue new tokens due to hacking, and the snapshot has been completed

The DEX trading tool DEXTools (DEXT) tweeted that it was hacked recently and some DEXT holders were affected. In order to ensure funds, liquidity has been removed from Uniswap and Pancake, token exchange will be carried out today (it should refer to the issuance of new tokens), and the snapshot has been taken. DEXTools reminds users not to buy DEXT tokens for the time being, and more detailed measures will be released soon.

Blockchain industry

Recently, Wuhan City issued the "Wuhan City's Opinions on Accelerating the Development of Blockchain Technology and Industrial Innovation", which aims to further promote the deep integration of blockchain and economic society, and empower the real economy. The "Opinions" propose that the overall goal for 2021-2023 is to "accelerate the establishment of a blockchain innovation and development system, and build Wuhan into a blockchain city with national influence." In terms of specific measures, first of all, Wuhan City plans to cultivate more than 100 innovative enterprises engaged in blockchain technology and product research and development within three years. A one-time reward of 2 million yuan will be given to enterprises that enter the top 100 blockchain companies in the country for the first time, and a reward of up to 300,000 yuan will be given to blockchain companies whose annual revenue growth rate exceeds 20%, subject to the limit of local financial contributions. Secondly, systematically promote the research and development of a number of key technologies, and form more than 10 blockchain standards and application specifications within three years. Support the development of basic theory and core technology research, provide a subsidy of 500,000 yuan for blockchain applications and subject research selected for municipal-level enterprise technology innovation projects and application-based frontier projects, and build Wuhan's own brand blockchain underlying architecture system ( Chinese chain). (21st Century Business Herald)

Investment and Financing

Solar Eco Fund invests in DeFi Land, a gamified DeFi project on the Solana chain

Bunicorn, the one-stop DEX on the BSC chain, completes $1.5 million in private equity financing, with participation from LD Capital and others

According to official news, Bunicorn, a one-stop decentralized exchange based on BSC, has completed $1.5 million in private placement financing. Participating institutions include LD Capital, Signum Capital, Krypital Group, QCP Capital, JRR Group, Youbi Capital, Digital Strategies, Icetea Labs, Momentum 6, Basics Capital, cinchblock, Magnus Capital, Defi Capital, MXC, PNYX Ventures, Poolz Ventures, Petrock Capital, Genesis Block Ventures, Exnetwork Capital, CryptoDormFund, Shima Capital, Vendetta Capital, HG Ventures, and Raptor Capital. The funding will be used to increase Bunicorn's development capabilities and form a further network of partners, creating opportunities for global expansion.

Solar Eco Fund invests in DeFi Land, a gamified DeFi project on the Solana chain

According to the official announcement, Solar Eco Fund has become an investor in DeFi Land, a gamified DeFi project on the Solana chain.

Parallel Finance announced that it has received funding from the Web3 Foundation, which will be used to build a decentralized lending and staking platform on Polkadot.

global policy

U.S. House of Representatives Calls for Digital Asset Taxonomy

At a recent U.S. House Financial Services Committee hearing on cryptocurrencies, Rep. Tom Emmer said the U.S. may not reap the full benefits from its cryptocurrency entrepreneurs if innovation is hampered by a lack of regulatory clarity, many other representatives and crypto experts said. Had the same concerns. Emmer called for a robust digital asset classification system to determine whether cryptocurrencies are securities, commodities, or worthy of the same treatment as fiat currencies. He also highlighted the potential offered by bitcoin and blockchain platforms in creating better transparency and trust than traditional systems. In addition, some members of the House of Representatives warned that they may witness the arrival of the 2008 economic crisis again, and worried about the need for the state to support the crypto market. Overall, most members of Congress want to know more about cryptocurrencies, including their impact on market volatility, the environment, and more. (Decrypt)

Russia's central bank and 15 major domestic banks and payment providers study cryptocurrency investment risks

The Central Bank of Russia (CBR) has begun investigating the risks associated with investing in cryptocurrencies and will conduct a special study with the participation of major banks and payment processors in the Russian market. The study, titled "Risk Assessment of the Use of Cryptocurrencies," has been added to the recently released central bank's second-half 2021 survey plan. In a brief, CBR explained that the survey was conducted “to obtain information on trends to assess the systemic risk of Russian individuals and legal entities investing in cryptocurrencies.” The CBR will issue questions to a number of financial market participants, including 15 banks such as VTB, Tinkoff, Alfa-Bank, Raiffeisenbank and state-owned banking giant Sberbank. (Preev Alert)

South Korea's Financial Services Commission plans to complete on-site consultation work on cryptocurrency exchanges by the end of this month

The South Korean Financial Services Commission (FSC) plans to complete the on-site consultation work on cryptocurrency exchanges by the end of this month, and then start reporting practitioners with large exchanges as the main focus. It is reported that the consultation work was launched on June 15, and the four major exchanges such as Bithumb, as well as crypto exchanges that have not yet obtained ISMS certification, can participate. During the consultation period, relevant personnel from various government departments in South Korea will directly visit the exchange and stay on site for about 5 working days to check the preparation of the cryptocurrency exchange declaration and the stability of the IT system. After the consultation of each exchange is over, relevant government officials will inform you what needs to be supplemented in the form of comments. The purpose of this consultation is to introduce the application acceptance conditions and necessary supplementary items for cryptocurrency exchanges, so as to make the application process smoother. The authorities therefore look forward to mastering and verifying the actual situation of the exchange and guiding it to improve its shortcomings. The FSC stated: "The bank's decision on whether to open a real-name verification deposit and withdrawal account has no direct relationship with the content and results of this consultation." (Yonhap News Agency)

Co-founder of MakerDAO: I hope the Chainlink community will not hate Maker, and the oracle machine should not be monopolized

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Co-founder of MakerDAO: I hope the Chainlink community will not hate Maker, and the oracle machine should not be monopolized

Today, MakerDAO co-founder and CEO Rune Christensen said on Twitter: "I apologize to those who were hurt because I once claimed that there would be no Chainlink without Maker. Obviously this statement is too exaggerated. But I hope Chainlink The community can look at the negative information in different posts and reconsider whether this is a good marketing strategy. Maker pioneered the medianizer (medianizer) decentralized oracle design and off-chain aggregation design, and Chainlink also adopted this Both designs, and undeniably benefit from the ability to notice what Maker has released. I certainly have no problem with that, in fact that's what open source and blockchain are all about. But I just don't understand why the Chainlink community is so Years of targeting Maker with attacks, lies, and hate...all for the 'crime' of continuing to use the longest running decentralized oracle network in the world. Someone really wants a single oracle monopoly running all Top DeFi protocol? Wouldn’t it be better to have such a diversity of critical infrastructure?”

Hester Peirce: The US SEC should have approved a Bitcoin ETF a long time ago

On Friday, U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce, known as "Crypto Mom," said that the SEC's approval of a bitcoin ETF is long overdue. Concerns about potential market manipulation and liquidity may have been valid 10 years ago, but things have changed, she noted. "I thought that if we applied our standards as we did to other products, for one or more of which we have already approved, the reasons we used to disapprove seemed to get weaker and weaker over time."( Zhitong Finance)

Mizuho Securities Analyst: "Crypto Winter" Will Cause Coinbase's Revenue to Decline

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