headlines
At 8 am this morning, OP will unlock 387 million tokens worth about $580 million, and OP is down 6.7% in 24 hours
According to the OKX market, OP is now trading at $1.48, down 6.7% in 24 hours.
Industry news
Bank of Japan CBDC Pilot Project Launched in April, Results of Phase 2 of PoC Trial Released
Odaily News The Bank of Japan (BOJ) released the results of the second phase of its CBDC Proof-of-Concept (PoC) trial, and confirmed that its CBDC pilot project was launched as scheduled in April. According to the BOJ report, the second phase tested techniques for imposing a cap on CBDC holdings to “ensure the stability of the financial system.” In the future, a CBDC forum will be established to obtain input from the private sector.
The Bank of Japan said it would make a final decision on issuing a CBDC by 2026. (Cointegragh)
US Rep. Confirms Bitcoin Mining Tax Proposal Canceled in Debt Ceiling Deal
Odaily News US Rep. Warren Davidson of Ohio confirmed that the Biden administration's federal budget proposal to impose a 30% tax on all bitcoin miners in the United States has been cancelled.
Warren Davidson shared the text of the newly proposed debt ceiling agreement on Sunday, which includes a complete suspension of the debt ceiling until January 1, 2025, while implementing a series of spending cuts, including limiting non-defense spending.
Odaily News Blockchain data platform Nansen laid off 30% of its staff. CEO Alex Svanevik called it a "cruel" year for the encryption market, and pointed out that Nansen expanded too fast and expanded into areas that were not part of its core strategy. (The Block)
72% of ETH liquidity is concentrated in Binance, Bitfinex, OKX, Coinbase and Kraken
According to a report released by Kaiko, 72% of ETH liquidity is concentrated in the five exchanges of Binance, Bitfinex, OKX, Coinbase, and Kraken, and the other 41 exchanges account for only 28% of the market depth.
Before the FTX crash, FTX and FTX.US accounted for nearly 40% of market liquidity. The market depth share of available exchanges in the U.S. is currently about 40%, down from an all-time high of 54% before Terra’s crash last May.
Guangfa Bank: Credit card funds cannot be used to buy stocks, bitcoin, etc.
If the credit card funds are used for the above or other non-consumption areas, the transaction may fail. China Guangfa Bank stated that users are required to properly keep the certificates related to the purpose of credit card transactions for verification. Measures including but not limited to restricting transactions, derating, stopping cards, and terminating installments are taken against credit card holders involved in transactions in the non-consumer field. (straight flush)
Project News
EDE attackers have returned 334,000 USDC
Social protocol Inspect will release version 2.0, or launch INSP tokens
Social protocol Inspect will release version 2.0, or launch INSP tokens
Odaily News Social Protocol Inspect released an official tweet announcing that version 2.0 will be released soon. The new version will change the interface, product suite, and also introduce the DAO architecture.
Odaily News Social Protocol Inspect released an official tweet announcing that version 2.0 will be released soon. The new version will change the interface, product suite, and also introduce the DAO architecture.
DWF Labs buys 20 ETH worth of WFAI tokens
More than 4.16 million EDUs unlocked on May 28 were transferred to Binance
CoinShares: Last week, digital asset investment products had a net outflow of $39 million, and Bitcoin had an outflow of $11 million
Investment and Financing
Investment and Financing
NFT aggregator DeGame raises $6.5 million led by Folius Ventures, Kenetic Capital
NFT aggregator DeGame raises $6.5 million led by Folius Ventures, Kenetic Capital
DeGame launched the Web3 Proof of Contribution (PoC) Platform, which will jointly launch the Genesis Airdrop event with chain game project parties. Individuals, KoL, guilds, developers, etc. who made key contributions to the Degame PoC community in the early days will receive proof of contribution , will receive corresponding NFT and Token airdrop incentives in the future. (Cointelegraph)
Fiat aggregator Transak closes $20M Series A round led by CE Innovation Capital
Fiat aggregator Transak closes $20M Series A round led by CE Innovation Capital
Indian exchange CoinSwitch invests a total of $25 million in 12 crypto projects
Odaily News CoinSwitch Ventures, a subsidiary of the Indian encryption trading platform CoinSwitch, has invested in 12 startups with a total investment of 25 million US dollars, including PYOR, Silence Labs, AirStack, Mohash, Shield, PolyTrade, BitsCrunch and PlayZap. The invested projects cover multiple tracks, including blockchain infrastructure, on-chain analysis, and RWA.
The Hong Kong Monetary Authority and the Central Bank of the United Arab Emirates agree to strengthen cooperation on financial infrastructure, virtual asset supervision and development
The Hong Kong Monetary Authority issued a press release stating that the Central Bank of the United Arab Emirates (Central Bank of the United Arab Emirates) and the Hong Kong Monetary Authority (HKMA) held a bilateral meeting in Abu Dhabi on May 29 (Abu Dhabi time) to strengthen the financial services of the two places. cooperation in the field. During the meeting, the Central Bank of the United Arab Emirates and the Monetary Authority discussed a number of cooperation plans and agreed to strengthen cooperation in three major areas: financial infrastructure, financial market interconnection between the two places, and virtual asset supervision and development. In addition, the two parties facilitated discussions and knowledge sharing on cooperation plans for fintech development in their respective innovation hubs.
