Today's news tips:
1. Trump declared his support for cryptocurrency and criticized the Biden administration for its ambiguous attitude towards cryptocurrency
2. Huaxia and Harvest are promoting the construction of mortgage financial products based on cryptocurrency spot ETFs
3. MASA token airdrop claim channel is online, qualified users can claim the first 20% of the airdrop in Base
4.io.net announced its token IO contract address, but the token has not yet been put on the chain
5. 8 whales made $3.56 million from TRB in the past week
6. Two wallets that had been idle for 10 years transferred all 500 BTC out
7.zkSync: Mainnet v24 upgrade postponed, zkSync Sepolia testnet is expected to be fully restored within a few hours
Regulatory News
Trump declares support for cryptocurrencies and criticizes the Biden administration for its vague attitude towards cryptocurrencies
At an NFT event in Florida, former US President Trump claimed to support cryptocurrency and criticized current President Biden and his administration. He said that voters who support cryptocurrency will support him and promised to accept cryptocurrency donations. Trump also promoted his NFT at the event and called himself an advocate of cryptocurrency. At the same time, he criticized the Biden administration's position, saying that its attitude towards cryptocurrency is vague.
China Asset Management and Harvest Asset Management are promoting the construction of mortgage financial products based on cryptocurrency spot ETFs
According to the South China Morning Post, executives of Hong Kong virtual asset ETF issuers Harvest Global and China Asset Management Hong Kong confirmed at the recent Bitcoin Asia conference that they are working hard to promote the construction of a mortgage financial product based on a cryptocurrency spot ETF. David Bailey, co-founder and CEO of BTC Inc., said that ETFs are, to some extent, an acknowledgement that Bitcoin will continue to exist, and that Hong Kong could not have just accidentally launched an ETF. The Hong Kong government is very supportive of hosting Bitcoin conferences and believes that Bitcoin is a huge opportunity for Hong Kong.
Mark Cuban: SEC Chairman Gensler's Crypto Policy Could Cost Biden the Election
Billionaire Mark Cuban criticized the cryptocurrency regulation approach of Gary Gensler, chairman of the U.S. Securities and Exchange Commission (SEC), on the X platform. He said that Gary Gensler's position could alienate voters who are concerned about cryptocurrency, which could affect Joe Biden's electoral prospects. He said that if Biden loses in the upcoming November election, "you can most likely thank" Gensler and the SEC's New York office. "What he (Gensler) has done is make it almost impossible for legitimate cryptocurrency companies to operate, killing countless businesses and ruining countless entrepreneurs." Cuban continued: This is also a warning to Congress. This election will listen to the opinions of cryptocurrency voters.
Project News
zkSync: Mainnet v24 upgrade postponed, zkSync Sepolia testnet is expected to be fully restored within a few hours
zkSync Developers posted on the X platform that the zkSync Era Sepolia testnet is expected to be fully restored in the next few hours. The v24 mainnet upgrade will be postponed until later next week to give the team more time to evaluate the stability of the testnet. When the team is confident that it is stable, a firm release date will be provided.
According to zkSync Developers, there were two issues affecting the testnet (these issues have now been resolved): First, due to instability issues with the eth_sender service (responsible for submitting transactions to the L1 zkSync smart contract), no L1 commit blocks were submitted for about 1 day. This was caused by a very different gas market for Blob pricing on Sepolia. Second, no proofs were submitted for more than 2 days, causing withdrawal delays. This was caused by a logical difference between the in-circuit VM (the ZK circuit used to generate proofs) and the out-of-circuit VM (the VM on the server side, which is executed immediately when a transaction is submitted).
Yesterday, zkSync Developers posted on the X platform that the team is investigating an ongoing issue on the zkSync Sepolia testnet. While the investigation continues, it is not possible to withdraw Sepolia funds from the zkSync Era Sepolia testnet. This investigation (and its results) may affect the mainnet v24 version scheduled to be released next Monday. At around 3 am yesterday, zkSync Developers released relevant progress, saying that the investigation is still ongoing and will continue until the next day, when more updates will be released.
Former PayPal President: All Companies Will Eventually Use Bitcoin Lightning Network to Settle Transactions
Bitcoin Magazine tweeted that former PayPal president David Marcus said that every company in the world will eventually use the Bitcoin Lightning Network to settle transactions.
dYdX: dYdX Chain is fully decentralized and community-governed
dYdX posted on Twitter that dYdX Chain is completely decentralized and governed by the community.
MASA token airdrop claim channel is online, qualified users can claim the first 20% of the airdrop on Base
According to official news, the decentralized AI data network Masa announced that the MASA initial token airdrop exchange is now live. Eligible users who choose the token reward bonus and lock-up period can now claim the initial 20% airdrop on Base. Participants will have 3 months to claim the airdrop, after which unclaimed tokens will be returned to the Masa Foundation Treasury.
io.net announces the IO contract address of its token, but the token is not yet on the chain
Solana ecosystem DePIN protocol io.net announced on Twitter that its token IO contract address is BZLbGTNCSFfoth2GYDtwr7e4imWzpR5jqcUuGEwr646K. The token has not yet been put on the chain, and users should be wary of phishing scams.
The number of subnet slots for the AI project Bittensor will be expanded to 64, and 1024 subnets will be achieved this year
The AI project Bittensor community TAO Community Hub tweeted that Bittensor is launching a weekly subnet slot expansion. Starting today, the Openτensor Foundation will add 4 slots per week until the new 64 slot limit is reached, and the goal of 1024 subnets will be achieved this year.
Bounce Brand to Launch Bounce M&A on May 14
Decentralized auction platform Bounce Brand tweeted that Bounce M&A will be launched at 9:00 Beijing time on May 14. Users will be able to mint new synthetic tokens and merge three tokens into one synthetic token.
Important data
Ethereum network gas fee drops to 2 gwei
Etherscan data shows that the Ethereum network gas fee has dropped to as low as 2 gwei today and is currently reported at 4 gwei.
8 whales profited $3.56 million from TRB in the past week
According to Spot On Chain, TRB prices surged more than 100% in the past week, and 8 whales made a profit of $3.56 million from TRB. Between early March and May, these whales withdrew a total of 82,849 TRB from Coinbase at $80.2, and then deposited it at $123 (+53.6%) after holding it for about 2 months. More whales may deposit TRB into Coinbase for profit.
The number of EIGEN token claiming addresses exceeds 110,000
According to the latest data from Dune Analytics, since EigenLayer opened the EIGEN token airdrop at 1 a.m. yesterday, the number of addresses participating in the token claim has exceeded 110,000, currently reaching 119,399. In addition, the number of tokens claimed so far has reached 48,578,275, of which the largest claim was 2,426,394 EIGEN and the smallest was 2 EIGEN.
Two wallets that have been idle for 10 years have all 500 BTC transferred out
According to Lookonchain monitoring, two wallets that had been idle for 10 years transferred out all 500 BTC (about 60.9 million US dollars).
Wallet "16vRqA" received 500 BTC (worth $62,000 at the time) on September 13, 2013, at a price of $124.
Wallet "1DUJuH" received 500 BTC ($62,000 at the time) on September 12, 2013, at a price of $124.
Data: GBTC's cumulative net outflow exceeds US$17.6 billion
According to Farside Investors data, since the launch of the Bitcoin spot ETF, GBTC has accumulated a net outflow of US$17.6329 billion. According to Coinglass data, GBTC's asset management scale has dropped to US$17.647 billion.
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