【Data Intelligence】
The number of active staking pools in Cardano is close to 3,000
According to the data provided by the data aggregation tool PoolTool, as the time of Vasil hard fork approaches, the number of Cardano active pledge pools continues to rise, reaching 2,988. As previously reported, the Vasil hard fork is scheduled for June 29 and is expected to bring major improvements to Cardano and its smart contract platform Plutus.
The total amount locked in the Ethereum L2 network is $4.55 billion
According to L2BEAT data, as of May 31, the total locked position on Ethereum Layer 2 was 4.55 billion US dollars. Among them, the expansion program Arbitrum with the highest amount of locked positions is about 2.47 billion US dollars, accounting for 54.33%. Followed by dYdX, the lock-up volume is 956 million US dollars, accounting for 20.98%. Optimism occupies the third place, with a lock-up volume of 478 million US dollars, accounting for 10.5%.
【 Regulatory News 】
Indian Economy Minister: India's cryptocurrency consultation document is ready
On May 30, Indian Economy Minister Seth said that India's cryptocurrency consultation document is ready and requires a global consensus on cryptocurrency regulation.
Belarus has seized millions of dollars worth of cryptocurrencies
Belarusian authorities have confiscated crypto assets worth millions of dollars, the head of the Belarusian State Investigative Committee Dmitry Gora revealed in a recent interview. Belarus had to deal with the challenge of how to acquire cryptocurrencies when they were first used in the drug trade and later in economic crimes, he said. He added that law enforcement agencies must find a way to seize these digital assets and have already confiscated cryptocurrencies worth hundreds of millions of Belarusian rubles (millions of dollars).
【Industry Trends】
Ethereum Core DeveloperTim Beiko Announces Ropsten Merger
On May 31, Tim Beiko, the core developer of Ethereum, issued a Ropsten merger announcement, saying that a new beacon chain has been launched today, and the Merge is expected to be carried out on the Ropsten network around June 8, thereby converting to PoS consensus. There are currently two things that need to be done on Ropsten. First, its beacon chain must activate the Bellatrix upgrade scheduled for June 2, and then a PoW total difficulty value, namely the terminal total difficulty (TTD), will be selected to trigger the consensus transition. TTD should be selected by June 2nd or 3rd to avoid miners disrupting the transition again and will be announced on ethereum.org, we will select a value that we expect to hit around June 8th.
SushiSwap joins Kava's $750 million incentive plan and will jointly launch $14 million in liquidity mining
According to official news, SushiSwap announced that it has joined Kava's $750 million incentive plan, Kava Rise, and is deploying a new set of DeFi products on Kava Network to provide users with fast and efficient high-yield mining services. As part of the partnership, Sushi and Kava Ignition Fund will jointly distribute up to $14 million in liquidity mining rewards within 90 days. Rewards will be distributed equally in the form of KAVA and SUSHI.
Shiba Inu founder Ryoshi has deleted all tweets and blog posts
On May 30th, Shiba Inu founder Ryoshi has deleted all previous tweets. Ryoshi also deleted all Shiba Inu blog content, including the first blog post All HailtheShiba. Four SHIB blog posts have all been deleted on the Medium platform, and the web page shows 410, and the user deactivates or deletes their account. It's unclear if hackers took over Ryoshi's Twitter account and Medium blog and deleted all content. Shiba Inu's official Twitter had not posted any information about the hack as of press time.
FTX Bitcoin spot trading volume surpasses Coinbase for the first time
On May 30, the encryption market data provider Kaiko released a report showing that the market share of the cryptocurrency trading platform FTX surged in May, from 5% to 44% in the past 18 months, and its bitcoin spot trading volume exceeded Coinbase.
Blockchain data analysis platformDune Analytics launches Dune Engine V2
Dune Analytics, a blockchain data analysis platform, launched Dune Engine V2, which completely revolutionized the data architecture to make Dune more performant and scalable. Among them, Dune will be able to integrate more new blockchain networks faster, while Flashbots integration can only be achieved through V2, and improved data pipelines and tools will also support user-generated dashboards for the first time.
【Elite Viewpoint】
Vice Premier Liu He of the State Council: Strengthen research on network information technology, attach importance to technological innovations such as blockchain and digital currency
News on May 31, Liu He, member of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, attended the opening ceremony of the 16th Academician Conference of the Chinese Academy of Engineering on the morning of May 30 and delivered a speech. Liu He emphasized that in accordance with the requirements of "preventing the epidemic, stabilizing the economy, and ensuring safe development", on the basis of doing a good job in the existing work, we must strengthen research in several aspects. It mentioned strengthening research on network information technology. Ensure the controllability of the network technology system, strengthen the research and development of artificial intelligence technology, and pay attention to technological innovations such as blockchain and digital currency.
Argo CEO: Bitcoin is 'Gold 2.0' and will eventually be an inflation hedge
According to news on May 30, Peter Wall, CEO of encryption mining company Argo, said in an interview with CNBC that Bitcoin is "Gold 2.0" and will eventually become an inflation hedge, even if it doesn't look like it currently. Wall said Bitcoin's 21 million cap and its decentralized and permissionless nature will help it develop into digital gold.
【What to watch today】
Mirror Protocol is attacked again, and the remaining fund pool is at risk of drying up
On May 31, the DeFi application Mirror Protocol on the Terra blockchain was attacked again, and more than 2 million US dollars of funds have been lost. The fund pools of Bitcoin, Ethereum and Polkadot have been exhausted, and the remaining fund pools are linked to stocks. , if the vulnerability is not fixed before the market opens at 4:00 US Eastern Time (16:00 Beijing Time), all of its token asset pools will be at risk. The Mirror Protocol, which allows users to go long or short tech stocks using synthetic assets, runs on the old Terra chain (now known as TerraClassic). Todd Garrison, founder of validator node BlockPane, said that the problem is that most validators running nodes on the Terra Classic chain are running outdated versions of price oracles, and the LUNC price given to Mirror Protocol by these nodes is still 5UST. Todd Garrison said, please fix the LUNC price oracle, because in a short period of time, all liquidity pools will be exhausted, Mirror will generate irreparable bad debts, and the system will collapse by itself.
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