5 must-read articles for the evening | The US SEC is chasing Consensys

1. From Wells Notice to Prosecution: US SEC Chases Consensys

Two months after the Wells Notice was issued, the US SEC decided to continue pursuing ConsenSys. On June 28, 2024, the US SEC formally sued ConsenSys. In the complaint filed by Consensys against the SEC, Consensys refuted the US SEC's three key points: Ethereum is a global computing platform, not an investment plan. ETH is not a security, but a commodity, which the US Commodity Futures Trading Commission (CFTC) has repeatedly confirmed. Applications that allow people to trade on their own using Ethereum are not securities brokers and therefore cannot be regulated by the US SEC. The SEC's illegal power grab threatens to undermine the United States' position as a leader in the next generation of the Internet.  Click to read

2. Blink will completely change the Internet: Come and see more than 50 creative ideas that can be created with Blink

Solana recently released the Blinks feature, which will completely change the Internet. Here are 50+ creative ideas you can implement immediately with Blinks: 1. Prediction market; 2. Multi-signature Blink in DM; 3. Airdrop checker; 4. Mini games; 5. NFT casting and bidding; 6. Crypto Superchats; 7. Token gated activities; 8. Token gated content, etc. Click to read

3. What are the chain abstraction solutions to pay attention to

Chain abstraction has become a hot topic right now, and the reason is obvious - everyone in the crypto field should be interested in tools that make it easier for consumers to participate in on-chain activities. But a lot of discussions ignore the question of how we got to this point in the first place? I have always believed that developers are consumers - now they have to choose between different ecosystems, technology stacks, and communities. This creates a lock-in mechanism, and sometimes developers deviate from the issues that need to be focused on because of unreasonable and unsustainable incentive mechanisms. Developers are users too, and they should not be forced to choose where to build. Click to read

4.Vitalik: How Ethereum can confirm transactions faster

An important feature of a good blockchain user experience is fast transaction confirmation time. Today, Ethereum has made great progress compared to five years ago. Thanks to EIP-1559 and the stable block time after Merge, transactions sent by users on L1 can be reliably confirmed within 5-20 seconds. This is roughly equivalent to the experience of paying with a credit card. However, it is valuable to further improve the user experience, and some applications do require delays of hundreds of milliseconds or even shorter. This article will introduce some practical options for Ethereum. Click to Read

5. One article to understand the token unlocking activities in July 2024

$WLD has the highest unlocking amount this month, exceeding $600 million, and the unlocking scale accounts for 53.36% of the current circulating supply. $SOL ranks second, with an unlocking amount of more than $400 million. Despite the considerable value, due to the high market value of $SOL, the unlocking amount only accounts for 0.5% of the current circulating supply. $ALT has a large unlocking amount this month, and the unlocking amount accounts for nearly 45% of the current circulating supply. $XAI also has the highest unlocking amount this month, accounting for 71.59% of its current circulating supply. Click to Read