Compilation: Fairy, ChainCatcher

Important Information:

• Binance UAE Resident Users to Transition to Binance FZE
• Conflux is Cooperating with China Telecom to Launch the First SIM Card with Blockchain Account Management Function
• US Judge Sentences WikiLeaks Founder Assange to Imprisonment
• Aevo Updates Token Economics: Suspends Trading Reward Program, Commits to Monthly Buyback of at Least 1 Million AEVO from July to December
• Digital Asset Trading Company Crossover Markets Completes $12 Million Series A Financing, Led by Illuminate Financial
• Rollup Deployment Platform Conduit Completes $37 Million Series A Financing, Co-led by Paradigm and Haun Ventures
• Blast Announces Token Economic Model, 50% of Total Supply to be Airdropped to the Community
• Bithumb to Launch BLAST Korean Market at 23:00 Today

"What Important Events Have Happened in the Past 24 Hours"

Binance UAE Resident Users to Transition to Binance FZE

Binance announced that it has obtained a Virtual Asset Service Provider (VASP) license from the Dubai Virtual Asset Regulatory Authority (VARA), which applies to the local exchange Binance FZE in Dubai. All accounts of UAE residents will be transferred from Binance's global exchange to the VARA-regulated Binance FZE exchange.

UAE resident users will receive emails requesting them to submit documents and update KYC information before the KYC deadline (December 15, 2024).

Conflux is Cooperating with China Telecom to Launch the First SIM Card with Blockchain Account Management Function

According to the overseas edition of People's Daily, the public chain Conflux is currently cooperating with China Telecom to jointly launch the world's first SIM card with blockchain account management function, in order to lower the threshold for the use of blockchain technology.

In addition, Conflux is using Hong Kong as a window to expand financial services for countries participating in the "Belt and Road" initiative through ecological enterprises.

US Judge Sentences WikiLeaks Founder Assange to Imprisonment

According to BNO News, a US judge has sentenced WikiLeaks founder Assange to imprisonment, ending a legal battle that has lasted for several years.

Data: Address Marked as "German Government" Transfers 750 BTC Again, Worth Approximately $46 Million

According to PeckShield monitoring, an address marked as "German Government" transferred 750 BTC again 20 minutes ago (worth approximately $46 million), with approximately $15.4 million worth of BTC being transferred to Bitstamp and Kraken.

Blockchain Infrastructure Company Covalent Completes $5 Million Financing, Led by RockTree Capital

Blockchain data infrastructure company Covalent has completed a $5 million financing round, led by RockTree Capital, with other investors including CMCC Global, Moonrock Capital, and Double Peak Group.

Covalent develops infrastructure that allows users to access historical blockchain data in the "Ethereum Wayback Machine," similar to storing web2 versions of online web pages. The company stated that it will use this financing to expand into Asia and support long-term data availability in countries such as China and Singapore.

It is reported that Covalent has raised over $20 million through token sales in total.

Aevo Updates Token Economics: Suspends Trading Reward Program, Commits to Monthly Buyback of at Least 1 Million AEVO from July to December

Aevo has updated its token economics, ending the 4-month trading reward program and will not continue the trading reward program. However, the staking reward will remain unchanged at 100,000 AEVO per week.

In addition, for the remainder of this year, Aevo will use protocol revenue to repurchase AEVO tokens, empowering token holders. Given the current protocol revenue rate, Aevo will commit to repurchasing at least 1 million AEVO monthly from July to December.

The repurchase will be conducted on-chain weekly. The repurchased AEVO tokens will be sent back to the main DAO treasury. Future token economic adjustments (such as burning or reward programs) will require a vote by token holders again.

Digital Asset Trading Company Crossover Markets Completes $12 Million Series A Financing, Led by Illuminate Financial

According to CoinDesk, digital asset trading company Crossover Markets has completed a $12 million Series A financing, with this round led by Illuminate Financial and DRW Venture Capital, and participation from Flow Traders, Laser Digital, Two Sigma, Wintermute, and others.

Crossover Markets established a partnership with major broker Hidden Road last month and is one of the few in the cryptocurrency field to have an ultra-low latency electronic communication network (ECN), according to the company's CEO Brandon Mulvihill.

US SEC Chairman: Approval Process for Ethereum Spot ETF Going Smoothly

US Securities and Exchange Commission Chairman Gary Gensler reiterated today in a speech that there are significant violations in the cryptocurrency field, while stating that the approval process for an Ethereum spot ETF is proceeding "smoothly," but declined to comment on a timetable for launching an Ethereum spot ETF.

FTX Restructuring Plan Sparks Controversy, Creditors to Vote Soon

The FTX bankruptcy restructuring plan has sparked intense debate in the Delaware bankruptcy court. FTX lawyers and creditors disclosed statements during a hearing on Tuesday to initiate discussions. The statement provides information to creditors to help them decide whether to accept the restructuring plan. FTX plans to pay at least 118% of the claim amount to 98% of the creditors, but some creditors prefer to be paid in cryptocurrency rather than cash.

Judge John Dorsey needs to approve the plan, and creditors will then vote to confirm. The hearing is expected to take place later this year. The next hearing is scheduled for July 17 and August 15.

Binance.US to Suspend Operations for Washington Customers from August 20

Binance.US announced that due to regulatory developments in Washington, the platform will suspend operations for customers in Washington and close all accounts in the state on or after August 20, 2024.

Gary Gensler: Current Securities Laws Apply to Crypto Field, Many Industry Entities Not Compliant

According to Bloomberg, US SEC Chairman Gary Gensler discussed the intersection of cryptocurrency and securities laws, the political impact of crypto regulation, and his priorities at the SEC during an interview at the Bloomberg Investment Summit.

Gensler emphasized that there is no inconsistency between crypto securities and current securities laws. He pointed out that the rules governing securities are clear and can protect investors, ensuring fair, orderly, and efficient markets. Nevertheless, he believes that many entities in the crypto field are not compliant with these laws. This non-compliance is a key issue that the SEC aims to address through its regulatory oversight.

Regarding the growing political significance of the crypto industry, Gensler stated that his primary responsibility is to protect investors and oversee issuers to ensure entry into fair, orderly, and efficient markets. He added that others can participate in political discussions, but his duty is to maintain the integrity of the capital markets.

Rollup Deployment Platform Conduit Completes $37 Million Series A Financing, Co-led by Paradigm and Haun Ventures

Rollup deployment platform Conduit has announced the completion of a $37 million Series A financing round, co-led by Paradigm and Haun Ventures, with participation from Bankless Ventures, Coinbase Ventures, and others. It is reported that since its launch, Conduit has helped teams such as Degen and Proof of Play build their first L3.

Additionally, according to Web3 encrypted asset data platform RootData, Conduit completed a $7 million seed round financing in March last year, led by Paradigm.

Brazilian Exchange B3 Plans to Launch ETH Futures Contracts

According to Bitcoin.com, the Brazilian securities exchange B3 is considering expanding its local cryptocurrency trading options by offering ETH futures contracts to its customers.

The exchange is a pioneer in providing cryptocurrency-related trading products in Latin America and will focus on institutional investors who wish to diversify their traditional or cryptocurrency investment portfolios with more options.

Bithumb to Launch BLAST Korean Market at 23:00 Today

Bithumb announced that it will launch the BLAST Korean market at 00:00 local time on June 27 in South Korea (23:00 Beijing time on June 26).

Arbitrum Plans to Allocate 35 Million ARB to RWAs

The Arbitrum (STEP) committee proposed to invest 35 million ARB in RWAs as follows:

• Invest 11 million ARB in BlackRock's BUIDL through Securitize.
• Invest 6 million ARB each in Ondo USDY and Superstate USTB.
• Invest 4 million ARB each in Mountain USDM, OpenEden TBil, and Backed Finance blB01.

Blast Announces Token Economic Model, 50% of Total Supply to be Airdropped to the Community

Blast has announced its token economic model, with a total supply of 100 billion BLAST tokens.

Token distribution:

• 50% will be airdropped to the community, with an initial airdrop of 17 billion tokens.
• 25.5% will be allocated to core contributors, with a 4-year lock-up period. 25% of the core contributor airdropped tokens will unlock 1 year after TGE, followed by monthly unlocks.
• 16.5% will be allocated to investors, with a 4-year lock-up period. 25% of the investor tokens will unlock 1 year after TGE, followed by linear unlocks over the next 3 years.
• 8% will be allocated to the Blast Foundation as a reserve fund for ecosystem development, with linear unlocks over 4 years from TGE.

"What are the exciting articles worth reading in the past 24 hours"

Counting the "Sales King" Vitalik's Project Endorsements, Behind the Ethereum "Orthodoxy" Battle

As one of the fastest monetizing areas of influence, for ordinary retail investors deep in the Web3 world, being able to timely follow the endorsement tweets of various Alpha bloggers and KOLs has become an essential skill for tracking the wealth code.

In the current crypto world, who is the most influential "sales" king?

Although the following KOL sales effect chart may not be rigorous, it is accurate to place Vitalik Buterin in a unique position—as the absolute authority in the Ethereum ecosystem, Vitalik rarely directly "sells," but every word and action of "clear cards" and "dark milk" has a tremendous driving effect on the market.

The recent surge of ENS due to Vitalik's endorsement is a typical example. Therefore, this article aims to take stock of the development and current situation of projects/technological directions that Vitalik has endorsed in the past and attempts to summarize the reasons behind them and how they have influenced and shaped the Ethereum we see today.

Exploring Protocol Guild: 177 Members, Gifted Over $100 Million, a Solid Backing for Ethereum L1 Development and Maintenance

Projects such as ether.fi and Taiko have donated to Protocol Guild, and LayerZero has enforced a mandatory airdrop for user donations, sparking widespread attention and discussion within the community, along with some confusion and questions.

Protocol Guild plays a crucial role as a solid backing for Ethereum L1 development and maintenance in the ecosystem. So, what are the membership requirements, donation conditions, and donation release mechanisms behind this mysterious and powerful organization? This article will take you on a journey to explore the details.

How Does Cathie Wood View Crypto? ARK 2023/4 Big Ideas Disruptive Innovation Report

In early 2024, "WoodSis," the most shining Wall Street investment manager in the tech sector, Cathie Wood, led her ARK team to release the "Big Ideas 2024" report. The report aims to cover the global "disruptive innovation" field and is highly valuable, serving as an important reference for global tech entrepreneurs and investors.

This article extracts content related to cryptocurrency and blockchain from the two reports of 2023/4 to present a perspective on Crypto from the viewpoint of a Wall Street fund.

In it, we can see the changes that public blockchains can bring to currency, finance, and the internet, the solutions that smart contracts/DeFi offer to the real world, and the value growth brought by the combination of digital wallets with crypto/blockchain payment capabilities.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。