1. SEC issues Wells notice to Consensys, Consensys fights back and sues SEC

Consensys' lawsuit against the SEC and all five of its commissioners states that the SEC should not be allowed to arbitrarily expand its jurisdiction to regulate the future of the internet by falsely labeling ETH as a security. The company wants a federal court to declare that ETH is not a security and that any investigation into ConsenSys based on the view that ETH is a security "would violate" the company's Fifth Amendment rights and the Administrative Procedure Act. Consensys revealed in the lawsuit that it received a Wells Notice from the SEC on April 10, accusing MetaMask of operating as an unlicensed broker-dealer.

Author: Frontier Lab

 

Basic information of the project

Operation Mode

Bittensor aims to create an AI algorithm aggregation platform to stimulate the development and decentralization of artificial intelligence. Bittensor adopts the design concept of Polkadot parallel chain, connecting to the main network through different subnets through the Bittensor API to form the entire blockchain network. Miners and validators are the core modules of the subnet. Miners provide operation and upgrade support for the AI ​​model of each subnet. Validators evaluate the work quality of miners, and the evaluation results are used for the reward distribution of TAO tokens.

 

Subnet creators can earn token rewards by providing various AI-powered services, and users can purchase these services to accelerate their business development. Bittensor aggregates different AI models together, and the AI ​​type is determined by the algorithm, so Bittensor aggregates various types of AI algorithms in one place to better meet user needs, while encouraging knowledge sharing between subnets to promote collaborative research between different algorithms. Ultimately, the vision of the project is to create more powerful decentralized AI models.

Wu said that he learned that the Chicago Board Options Exchange (Cboe) announced plans to integrate its digital asset derivatives business into its existing global derivatives and settlement business, and close the Cboe Digital spot market in the third quarter of 2024. Cboe expects cost savings to be between $11 million and $15 million on a standardized annual basis. According to Kaiko data, on average, Cboe Digital accounts for 6-10% of the US exchange market share, with its share soaring to more than 20% on April 21. In addition, Cboe Digital's average BTC transaction size reached $14,000, exceeding other US spot exchanges such as Coinbase and Gemini, indicating that there are more institutional user groups.

Author | Bitrace

With the arrival of the airdrop season, some Web3 users have ushered in a golden harvest moment, but at the same time, they have also become a big prey for criminal gangs in the dark forest of encryption. Bitrace has noticed that some criminals use high-imitation Twitter accounts to carry out phishing scams. They post a large number of fake airdrop claim links in the comment section of the official Twitter account to lure users to click and try to claim tokens. Once users are careless, they may suffer financial losses.
 
In this context, the "high-imitation Twitter account phishing scam" is a highly representative form of industrialized phishing crime on social media platforms. With its highly organized and large-scale operation characteristics, it poses a serious threat to the financial security of users.