headlines
zkSync announced that zkSync 2.0 will be launched on the mainnet in 100 days
According to official news, zkSync, the Ethereum Layer 2 expansion solution, announced that the first zkEVM rollup zkSync 2.0 will be launched on the mainnet in 100 days. The features of zkSync 2.0 include: zkSync is compatible with EVM and web3; supports Solidity and Vyper; 99% of the tools are out of the box, etc.
Polygon announces Polygon zkEVM, the first Ethereum-equivalent scaling solution that works seamlessly with all existing smart contracts, developer tools, and wallets, utilizing an advanced cryptography technique known as zero-knowledge proofs.
The Polygon zkEVM is essentially equivalent to the Ethereum Virtual Machine (EVM) itself and fully benefits from all of Ethereum's ecosystem. EVM equivalence differs from EVM compatibility in that it reduces user friction without any kind of code modification or reimplementation.
Polygon has released part of the source code and roadmap of zkEVM, its public testnet is expected to be released later this summer, and the mainnet is scheduled to be released in early 2023. (PRNewswire)
Tencent plans to shut down the digital collection business "Magic Core"
zkSync announced that zkSync 2.0 will be launched on the mainnet in 100 days
cryptocurrency
Polygon will launch the Polygon zkEVM public testnet, and the mainnet is expected to be released next year
Polygon announces Polygon zkEVM, the first Ethereum-equivalent scaling solution that works seamlessly with all existing smart contracts, developer tools, and wallets, utilizing an advanced cryptography technique known as zero-knowledge proofs.
Polygon has released part of the source code and roadmap of zkEVM, its public testnet is expected to be released later this summer, and the mainnet is scheduled to be released in early 2023. (PRNewswire)
Tencent plans to shut down the digital collection business "Magic Core"
cryptocurrency
South Korean Prosecutors Raid Crypto Exchange to Investigate Terraform Crash
A court filing by Three Arrows Capital co-founder Kyle Davies revealed that Three Arrows Capital co-founder Zhu Su holds a $1.4 billion stake in the company.
Vauld totals $402 million in debt, owes $363 million to retail investors
Legal filings show that the crypto lending platform Vauld owes creditors a total of $402 million, of which $363 million, or 90%, came from deposits from retail investors. Vauld owes a total of $125 million to its 20 largest unsecured creditors, with the largest claiming $34 million.
In addition to the unsecured creditors, Vauld has two secured creditors: an unnamed “Counterparty 1” and FTX Trading Ltd., who owe them $35 million and $4.1 million, respectively.
Davies said in the testimony that due to the recent crypto market downturn, "much of the value of these investments has been wiped out. Investors like Zhu Su have suffered huge losses at (Three Arrows Capital)." He also mentioned , Three Arrows Capital owes his wife Chen Kelly $65 million and has filed a claim. (Decrypt)
Former Celsius Financial Crime Compliance Director Accuses Firm of Manipulating CEL Token Price
A former Celsius director told CNBC in an interview that the company was actively involved in manipulating the price of its CEL token. Timothy Cradle said Celsius' biggest problem was a failure in risk management.
Timothy Cradle has been with the company for over two years. He started out as an Anti-Money Laundering Analyst, was promoted to Head of Surveillance, and then Director of Financial Crime Compliance for a three-month stint. Cradle said he first got wind of market manipulation at a Christmas party in 2019. At the event, he heard executives discussing "actively trading and boosting the price of the CEL token," which he called "a little weird."
Vauld totals $402 million in debt, owes $363 million to retail investors
In addition to the unsecured creditors, Vauld has two secured creditors: an unnamed “Counterparty 1” and FTX Trading Ltd., who owe them $35 million and $4.1 million, respectively.
The documents show that Vauld's assets are $287.7 million, made up of tokens such as BTC, ETH and XRP. But Vauld co-founder and CEO Darshan Bathija said Vauld's total assets are actually worth about $330 million because the filing doesn't include "bank balances."
Crypto exchange Zipmex announces suspension of withdrawals
Avalanche C-Chain is a Proof-of-Stake Layer1 blockchain featuring fast throughput, low transaction fees, etc. It supports the Ethereum Virtual Machine (EVM) and allows developers to deploy Solidity smart contracts.
GameFi and NFTs
Community users said that nearly 4,000 POAP in the user's address were suspected to be destroyed by the official. Blockchain browser records show that thousands of POAPs have been deposited into the Burn address.
There are currently 9 users whose POAPs are destroyed. POAP's official Discord Chinese area Mod said that POAP will publish an announcement on this incident later.
Security Team: Raccoon Network and Freedom Protocol are fraudulent projects, and 20 million BUSD have been transferred
ENS.Vision launches the first version of ENS MarketPlace
ENS.Vision, the ENS domain name trading market, released the first version of ENS MarketPlace. The website provides functions such as purchase, category, and batch search. Sales charge a basic sales fee of 1.5%, and there is also a market aggregation function similar to Gem. In addition, ENS.Vision uses the OpenSea Seaport contract to fulfill orders to ensure security.
According to OpenSea, the ENS domain sony.eth was sold for 48 ETH to sunnybay.eth.
Investment and Financing
NFT smart certification company Optic has completed an $11 million seed round of financing led by Pantera Capital and Kleiner Perkins, with participation from Greylock Partners, Lattice Capital, OpenSea, Circle, Polygon, CoinDCX, Neon DAO, and Flamingo DAO. The financing will be used to build core AI infrastructure, etc.
It is reported that Optic is developing an AI engine for NFT content recognition, and said that it processes millions of newly minted NFTs every day. (The Block)
Blockchain recruitment software Veremark completes $8.5 million in financing led by Stage 2 Capital
Veremark, a blockchain-based recruitment tool, completed $8.5 million (approximately £7.08 million) in equity financing, led by venture capital firm Stage 2 Capital, with participation from Samaipata, Triple Point Ventures, ACF Investors, Vulpes, and SOV. Veremark plans to double its headcount over the next year.
It is reported that Veremark is headquartered in London, and its software allows companies to conduct background checks on potential employees. It then creates a "career passport" that stores work credentials on the blockchain.
Veremark operates in the UK, US, Australia, Singapore, India and the Philippines. Companies such as Wise, PepsiCo, and BCG are using its software. (UKtech)
NFT smart certification company Optic completes $11 million in seed round financing led by Pantera Capital and Kleiner Perkins
Veremark, a blockchain-based recruitment tool, completed $8.5 million (approximately £7.08 million) in equity financing, led by venture capital firm Stage 2 Capital, with participation from Samaipata, Triple Point Ventures, ACF Investors, Vulpes, and SOV. Veremark plans to double its headcount over the next year.
The decentralized stablecoin agreement Bluejay Finance completed a financing of 2.9 million US dollars, Zee Prime Capital, C2 Ventures, Stake Capital Group, RNR Capital, Daedalus Angels, Moonlanding Ventures, Oval Ventures and others participated in the investment. (Crypto Daily)
global regulation
Veremark operates in the UK, US, Australia, Singapore, India and the Philippines. Companies such as Wise, PepsiCo, and BCG are using its software. (UKtech)
NFT lending platform Zharta completed a $4 million seed round of financing led by Greenfield One
According to official news, NFT lending platform Zharta has completed a $4 million seed round of financing, led by Greenfield One, with Shilling Capital, Possible Ventures, SpaceShipDao, UniwhalesDao, Clever, Olisipo Way and others participating. The company initially received $300,000 in accelerator funding from angel investors, bringing its total funding to date to $4.3 million.
Decentralized stablecoin protocol Bluejay Finance completes $2.9 million in financing, with participation from Zee Prime Capital and others
The decentralized stablecoin agreement Bluejay Finance completed a financing of 2.9 million US dollars, Zee Prime Capital, C2 Ventures, Stake Capital Group, RNR Capital, Daedalus Angels, Moonlanding Ventures, Oval Ventures and others participated in the investment. (Crypto Daily)
SEC Enforcement Chief Seeks Congress for More Resources to Handle Encryption Industry Issues
The head of the U.S. Securities and Exchange Commission’s (SEC) enforcement division has asked the U.S. Congress to provide more resources, including hiring more staff, to support the agency’s crypto oversight efforts.
It is reported that in May this year, the US SEC nearly doubled the size of its encrypted assets and network department to 50 employees and added 20 new positions, including lawyers, investigators and fraud analysts. But as the agency continues to ramp up its oversight of the crypto industry and the industry is hit by a wave of bankruptcies, Grewal said he needs more staff. (CoinDesk)
UK Chancellor of the Exchequer Nadhim Zahawi Plans to Support the Adoption of Certain Types of Stablecoins as a Means of Payment
In detailing other plans for the City of London, Zahawi said it would: reform Solvency II rules for insurers to give them greater flexibility in investing in assets such as infrastructure; support the safe adoption of certain types of stablecoins As a means of payment; repeal of hundreds of remaining EU laws. (Bloomberg)
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South Korea’s Financial Supervisory Service (FSS) found “abnormal” foreign exchange transactions involving cryptocurrency exchanges at Woori Bank and Shinhan Bank last month. "The relevance of domestic virtual asset exchanges is gradually being confirmed," said a financial sector official.
Among them, the transaction size of Woori Bank is about 800 billion won (611 million U.S. dollars), and Shinhan Bank is about 1 trillion won. The regulator is looking into whether the two banks have complied with laws on money laundering and foreign exchange transactions. (Yonhap News Agency)
Colombia promotes the creation of a local encryption industry regulatory framework
The Colombian government has released draft rules for crypto firms looking to operate in the country, months after the country launched a regulatory "sandbox" program. The public can now comment on the proposed regulation proposed by the country's financial watchdog, the Colombian Superintendence of Finance.
The rules propose a risk management system to prevent money laundering and terrorist financing, as well as cybersecurity guidelines and methods for tracing crypto transactions. The move confirms that Colombia is working toward a future in which citizens can purchase cryptocurrencies through traditional bank accounts.
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