headlines

headlines

US SEC to start reviewing Valkyrie Bitcoin ETF

Late Friday, the New York Stock Exchange (NYSE) filed a Form 19B-4 on behalf of digital asset management firm Valkyrie Digital Assets for its bitcoin ETF. When the US SEC admits the application, the form will begin a 45-day review period. During these 45 days, the SEC will either decide whether to approve the application or extend the review period. It is reported that the SEC is currently reviewing the ETF applications of VanEck, WisdomTree and Kryptoin. (CoinDesk)

zkSync accidentally triggered the security switch Exodus Mode in the test network, which proves that its security mechanism is effective

digital currency

zkSync accidentally triggered the security switch Exodus Mode in the test network, which proves that its security mechanism is effective

According to official news, Matter Labs said that a user on the Ethereum test network (Ropsten) triggered the "Exodus Mode" of the expansion solution zkSync 1.0 yesterday. This is not a planned operation, but it also proves that the security mechanism of zkSync 1.0 is effective of. This mode is triggered because Matter Labs is testing a new system, which eventually leads the system to believe that the zkSync operation node has gone offline or is malicious, which leads to this mode being triggered. Matter Labs stated that Exodus Mode is a guarantee that zkSync can be consistent with the security of the Ethereum main chain. After triggering this mode, users can reconstruct state data and withdraw assets from the zkSync network.

According to official news, Matter Labs said that a user on the Ethereum test network (Ropsten) triggered the "Exodus Mode" of the expansion solution zkSync 1.0 yesterday. This is not a planned operation, but it also proves that the security mechanism of zkSync 1.0 is effective of. This mode is triggered because Matter Labs is testing a new system, which eventually leads the system to believe that the zkSync operation node has gone offline or is malicious, which leads to this mode being triggered. Matter Labs stated that Exodus Mode is a guarantee that zkSync can be consistent with the security of the Ethereum main chain. After triggering this mode, users can reconstruct state data and withdraw assets from the zkSync network.

MakerDAO initiates governance votes such as increasing system surplus buffer
According to the official blog, on April 23, the MakerDAO governance facilitator and the MakerDAO smart contract team have incorporated a series of implementation proposals into the voting system. content include:
1. The system surplus buffer will increase from 30 million to 60 million within 99 days, with the goal of 25% of revenue being used to burn MKR;
2. Various vault types will have multiple changes to stability fees and debt ceilings;

3. Add YFI-A to the liquidation 2.0 framework.

The U.S. SEC has submitted a letter requesting the court to reject Ripple's two requests, namely, asking the SEC to stop using documents obtained by filing assistance requests with foreign regulatory agencies and to turn over all collected materials. The SEC said Ripple's request "does not have any legal basis." In its letter to Judge Netburn, the SEC said: “Requiring disclosure of communications with foreign regulators could adversely affect the SEC in government actions that seek cross-border cooperation to protect U.S. capital markets and investors.” The SEC noted that requests for assistance with foreign regulators will not be terminated by litigation. The SEC also emphasized that defendants still have access to all documents they obtain and have ample opportunity to challenge their admissibility in court. (AMBCrypto)

Balancer V2 will be officially launched next week

Balancer V2 will be officially launched next week

The decentralized trading platform Balancer said on Twitter today that Balancer V2 is planned to be launched next week, and now BAL holders will vote on whether to grant Balancer Labs emergency suspension authority and whether to grant Gauntlet Network the authority to set swap fees. The emergency suspension of authority is to mitigate the impact of possible loopholes in the agreement within three months after it goes online. Although the governance multi-signature will have the authority to suspend the agreement, giving Balancer Labs this authority can perform this operation faster.

Privacy Coin Firo Reboots Lelantus Protocol
SKALE Network, the Ethereum expansion plan, announced the completion of the mainnet upgrade code-named Denali. This is the first major upgrade after the launch of the mainnet, making the SKALE network a multi-chain network that operates together through native integration with Ethereum. SKALE's Ethereum native multi-chain architecture provides new tools that are fast, gas-free, and learning-free for users. SKALE said that 46 validators and 153 nodes have completed the upgrade.

SmartX is conducting the last stress test before launching the main network, and it is expected that each block height will process about 3,000 transactions

At present, SmartX is conducting the last stress test before launching the mainnet. According to the "shard/partition fusion consensus" B-Partition algorithm stress test done in the quasi-official network environment (the configuration of the machines participating in the block is uneven), it is estimated that each block height can handle about 3,000 transactions.

Ethereum expansion program SKALE completes the mainnet upgrade and becomes a multi-chain network

SKALE Network, the Ethereum expansion plan, announced the completion of the mainnet upgrade code-named Denali. This is the first major upgrade after the launch of the mainnet, making the SKALE network a multi-chain network that operates together through native integration with Ethereum. SKALE's Ethereum native multi-chain architecture provides new tools that are fast, gas-free, and learning-free for users. SKALE said that 46 validators and 153 nodes have completed the upgrade.

Blockchain industry

Blockchain industry

HSBC executes blockchain-based real-time trade finance transaction for steel exports between UAE and India

HSBC has successfully executed a blockchain-based real-time trade finance transaction between UAE-based company Universal Tubes and Plastic Industries Ltd. (UTP) and India-based Tata Steel Ltd. The Contour blockchain platform enabled the end-to-end digitization of documents required by UTP to import flat carbon steel from India’s Tata Steel to the UAE. (The Fintech Times)

Investment and Financing

Investment and Financing

Securitization and investment platform Cadence changes its name to Percent and completes $12.5 million in Series A financing

Securitization and investment platform Cadence changes its name to Percent and completes $12.5 million in Series A financing
The securitization and investment platform Cadence changed its name to Percent and announced the completion of a $12.5 million Series A round led by White Star Capital and B Capital, with participation from existing investors Revel Partners, Recharge Capital and Fantail Ventures. The new funds will be used to expand the team and accelerate development of the platform and infrastructure, Percent said.

In April last year, Cadence announced the completion of a $4 million seed round of financing, led by Revel VC, with participation from Morgan Creek Digital, Nimble Ventures, Argo, Tuesday Capital, Manatt and Recharge Capital. Navtej S. Nandra, former president of E*Trade, Oliver Wriedt, CEO of DFG Investment Advisors, and Thomas Falk, general partner of Revel VC, have joined Cadence's board of directors. Cadence also announced the launch of a Dutch auction system to unlock private credit markets by rebalancing risk and reward.

WeStarter will launch Bonding Curve Token Auction on PentaLaunch on April 29

According to official news, WeStarter, an initial exchange platform for cross-chain tokens, will launch a joint curve token auction on PentaLaunch at 8:00 p.m. on April 29th, auctioning 120,000 WeStarter tokens WAR, with a total value of 30,000 USDC, and the auction price is 0.25 U. The maximum purchase limit for a single address is 400 WAR. The auction will take place on Ethereum using the stablecoin USDC.

secondary title

global policy

global policy

Ireland passes 5AMLD regulations, forcing crypto companies to register with the central bank within three months

Ireland requires all virtual asset service providers (VASPs) to register with the country’s central bank within three months to ensure compliance with anti-money laundering and countering terrorist financing obligations. New regulations for the crypto industry came into effect on April 23 as the country incorporated the European Union’s 5th Anti-Money Laundering Directive (5AMLD) into local law. The regulation will also require registration of foreign cryptocurrency companies offering services to Irish citizens. The country's central bank will assess the effectiveness of the companies' anti-money laundering/counter-terrorist financing policies and procedures. Additionally, the company's management and beneficial owners must also pass a credibility test. It is reported that the 5AMLD rules require financial services companies to conduct mandatory ML/TF risk assessments, customer due diligence, transaction monitoring, flagging and reporting suspicious transactions, and record keeping. (Finance Magnates)

secondary title

Character·Voice

Character·Voice

Co-founder of EthHub: EIP-1559 is tentatively scheduled to be deployed to the Ethereum mainnet on July 14

EthHub co-founder Anthony Sassano tweeted: "EIP-1559 is tentatively scheduled to be deployed on the Ethereum mainnet on July 14, 2021." It is reported that EIP-1559 attempts to reduce transaction fees by introducing a fixed fee and destruction mechanism. First proposed in 2018, God is expected to make the fee market on the Ethereum blockchain more predictable and ease congestion.

Cryptocurrency analyst PlanB: This decline is similar to the mid-term decline of the previous two bull markets

Cryptocurrency analyst PlanB tweeted: "Nothing goes straight up. Until this month, Bitcoin had risen for 6 months in a row. This drop is similar to the midway drops we saw in 2013 and 2017 .” Dan Held, Head of Growth at Kraken Exchange, agreed, commenting: “On schedule.”

Author of "Black Swan": Bitcoin is like a Ponzi scheme, worrying about inflation is the best way to buy real estate