BlackRock amended its S-1 registration statement for a spot Ethereum ETF in a May 29 filing, marking a step closer to approval.

The filing builds on BlackRock’s registration statement originally filed in November 2023.

Bloomberg ETF analyst James Seyffart said the filing is a step toward launch after the SEC (U.S. Securities and Exchange Commission) approved the 19b-4 listing rule changes on May 23.

Seyffart reiterated that he believes the S-1 statement could be approved in the coming weeks, facilitating the launch of a spot Ethereum ETF, but he also acknowledged that “normally it would take several months.”

Original title: The Rise of PEPE

Original author: David C

Original source: bankless

Translated by: Kate, Mars Finance

In the meme coin cycle where Solana is king, ETH’s meme coin is still the big winner.

PEPE has risen by more than 100% this month and more than 1,100% since the beginning of the year. Its market value has reached US$6.2 billion, making it the third largest Meme coin.

Since its launch in April 2023, the infamous frog has had a significant impact on the Ethereum meme coin ecosystem, becoming one of the highest consensus games in this cycle so far.

In this article, let’s take a look at Memecoin’s initial journey, then delve into its more recent rise and related offshoots, all in the name of understanding where the coin stands and where it might be headed.

Original title: Aggregation, settlement, execution

Original author: Bridget Harris

Original source: substack

Compiled by: Chris, Techub News

Different parts of the modular stack have not received the same level of attention and innovation. While many projects have previously innovated on the data availability (DA) and ordering layers, only recently have the execution and settlement layers been given attention as part of the modular stack.

Competition in the shared sorter space is spurred, with many projects such as Espresso, Astria, Radius, Rome, and Madara vying for market share, in addition to RaaS providers like Caldera and Conduit, which develop shared sorters for Rollups built on top of them. These RaaS providers are able to offer Rollups more favorable fees because their underlying business models do not rely entirely on sorting revenue. There are also many Rollups that choose to run their own sorters to capture the fees it generates.

Original author: Jake Pahor, crypto researcher

Original source: twitter

Compiled by: Felix, PANews

Capitalizing on the transition to Solana and the expanding AI bubble, RNDR has grown 300% over the past year, and this growth may just be the beginning.

Overview

Render Network is a blockchain-based global rendering platform that provides 3D rendering solutions through a decentralized GPU network. The project connects node operators with creators, monetizes idle GPUs, and scales intensive 3D rendering workloads and applications to the cloud.

Render Network serves artists, engineers, designers, and developers, providing GPU resources for creative, scientific, and industrial projects.

原文标题：This ONE Indicator Will Decide If Bitcoin Will Make New All-Time Highs 

Original author: Markus Thielen

Original source: 10xresearch

Compiled by: Odaily Planet Daily Wenser

Editor's note: After the breakthrough of Ethereum spot ETF, the market has entered the bull market sentiment cycle again. While the amount of funds for Bitcoin spot ETF continues to grow, when Bitcoin price can break through the previous high in March has become the focus of many people again. Odaily Planet Daily will summarize and compile the key indicators of Bitcoin price breaking through new highs shared by 10x Research in this article for readers' reference. (Note: This article is only a sharing of 10x Research's views and does not constitute investment advice.)

Original author: An Shouzheng Legal Services Co., Ltd.

Original source: WeChat official account

On May 26, Ming Pao reported that the licensing transition period for virtual asset service providers (VASPs) in Hong Kong will end at the end of this month, and the Securities and Futures Commission will decide whether existing service providers can continue to operate. Recently, many platforms including OKX and VAEX have withdrawn their license applications (see the figure below for the specific list) because of the high compliance costs in Hong Kong and the low attractiveness of the local market. Industry insiders believe that the liquidity and trading currencies of local platforms are not as good as those overseas, and the stricter regulatory conditions are the reasons for the withdrawal of license applications by platforms.

Original author: TechFlow

Original source: xiaoyuzhoufm

Brother Sun is always a hot topic in the crypto world.

From eye-catching comments on social media to interesting anecdotes in personal life, every little detail attracts everyone's curiosity.

Today, Hua Zong had a two-and-a-half-hour conversation with Justin Sun in his podcast "Open Your Mouth". The topics ranged from his plan to invest in Jia Yueting's IP e-commerce company to the interesting stories about coconut chicken in the legend.

After obtaining authorization from Mr. Hua, TechFlow organized and edited the podcast content. Because the full text of the podcast contains a lot of colloquial content, the key points were extracted and condensed to share with everyone, and some parts were deleted.

Original author: Alex Liu

Original source: Foresight News

The Solana community has always been the main force in criticizing the flaws of the Layer 2 solution. But now some Solana ecosystem projects are also building L2. Some people jokingly say that this puts Solana supporters in a dilemma - should they continue to criticize or flexibly adjust their views? Is Solana going to become what it once hated?

I think before making a judgment, we should first understand whether Solana's Layer2 is just a new bottle of old wine in Ethereum's L2, and what is the difference between the two.

What do they think?

Regarding Solana’s Layer2, Solana co-founder Toly said: “L1 can’t prevent anyone from building L2 on Solana. As an engineer, if there are any technical issues, I will fully support them. Although the L2 execution environment is competitive with L1. The main difference between ETH and Solana is that ordinary tx bytes on Solana L1 are already as cheap as blobs. Solana’s fees are driven by hotpots, and L2 can’t help with this. Therefore, the fees charged to users by Solana L2 and Solana L1 will be roughly the same.”

Original author:0XNATALIE

Original source: chainfeeds

Yesterday, ENS Labs announced the launch of the ENS v2 plan, which aims to expand the Ethereum Name Service (ENS) to Layer 2 and reduce gas fees by migrating some of ENS's core functions to Layer 2. As early as 2020, the ENS team began exploring solutions to combine ENS with Layer 2. Over the past four years, the team's work has ranged from building standard interfaces to enable interaction between Layer 2 and ENS to developing its own dedicated Layer 2, and discussions around these solutions have continued.

ENS has not only received attention from the community, but also received strong support from Vitalik Buterin. In the Ethereum developer survey, Vitalik explicitly stated that he would use ENS to manage his name on the Status app. He once said that ENS is one of the most successful non-financial applications, and called on all Layer 2s on social media to work on developing CCIP resolvers to register, update, and read ENS subdomains directly on Layer 2.

Original author: Mary Liu

Original source: BitpushNews

Financial markets were pressured to fall in trading on Wednesday after the 10-year U.S. Treasury yield surged to 4.64%, unsettling investors already concerned about the prospect of a 2024 rate cut.

Bitpush data shows that the early gains of Bitcoin bulls stalled at $68,860, and then bears took the upper hand. After the U.S. stock market closed, BTC fell to a daily low of $67,100. As of press time, Bitcoin is trading at $67,501, down 1.52% in 24 hours.

"As expected, Bitcoin continues to pull back to the 20-day moving average around 66,500. Currently, the support range of 65,000-66,000 remains strong. But as long as the US dollar index and 10-year yields are trending higher, we expect risk assets to remain under pressure," said analysts at Secure Digital Markets.

Original author: Asher zhang

Original source: Bitpush

Since this round of bull market, in addition to Bitcoin and Ethereum, Solana has undoubtedly been the most popular. Whether it is the DePIN track at the beginning of the year or the Meme track that is still hot recently, Solana has always had a myth of getting rich quickly and has always been a hot spot in the market. Recently, the chain game on Solana has once again attracted market attention, which may be expected to become the next explosion point on Solana.

Breaking out of the circle, the new blockchain game incubated by Solana has become the new favorite in the Web2 game circle

Nyan Heroes is a AAA shooting game based on the Solana ecosystem. Players play as a kitten driving a giant mecha, using unique abilities and advanced feline movements to track targets and defeat opponents in the game. On March 26, the blockchain game Nyan Heroes built on Solana was officially launched on the Epic Games Store. During the two-week pre-alpha event, Nyan Heroes achieved remarkable results. According to official data: the number of user registrations exceeded 1.3 million, the number of independent active wallets exceeded 700,000, and the number of daily active users exceeded 45,000. At the same time, Nyan Heroes has been downloaded more than 200,000 times in the Epic Games Store, and successfully entered the top five most popular games in the Epic Games Store and one of the 30 most popular games in the world. On May 8, Nyan Heroes once again launched a game experience event, which triggered heated discussions in the crypto market.

Original author: Hao Tian

Original source: Chain View

How do you view the rapid rise of the full-chain yield aggregation platform @SolvProtocol? In the past few months, Solv Protocol has accumulated over $1B in assets by virtue of the Solv Guard new asset management paradigm built for the Bitcoin interest-bearing track, and deep binding cooperation with MerlinChain, Babylon, BNBChain and the recent GMX. Why? Next, share my observations:

In my opinion, SolvProtocol's rapid growth is due to the fact that it is riding on the increasingly prosperous "Restaking+Yield" interest-earning track that takes BTC as the core asset and expands horizontally to the full-chain environment. In short, with the popularity of Bouncebit, Ethena and many Restaking projects, a "CeDeFi" project that mixes CeFi management and DeFi market circulation has attracted attention.

Original author: Will Awang

Original source: Web3 Lawyer

The myth of getting rich quickly in the crypto market exists every day. Most players come here not to double their money, but to turn over. In this dark forest, crypto market makers, as the top predator closest to money, are becoming more and more mysterious.

Price manipulation, pump and dump, and profiteering are synonymous with crypto market makers. However, before labeling crypto market makers with these “derogatory” labels, we need to face up to the important role they play in the crypto market, especially for early-stage coin listing projects.

Original author: Wu talks about blockchain

Original source: Wu said blockchain

In this episode, WuShuo founder Colin and old friend Winter Soldier Lawyer chatted about the causes and consequences of the sudden approval of the Ethereum spot ETF this week, and explored in depth the reasons for this major transformation. We also discussed the far-reaching FIT21 bill and what impact it will have on the industry. Winter Soldier Lawyer predicts that the final price of Ethereum in this cycle will rise to 6K to 8K. We generally believe that the SOL ETF is unlikely to be approved and passed in this cycle.

Audio to text conversion uses GPT, which may have errors.

Listen to the full podcast:

Written by: @thecryptoskanda

Source: X

Since my Twitter Subscription and Pornhub paid account applications were not approved, I will write a separate article to talk about one of the three airdrop models I mentioned earlier - Tabi Captain Node

The current airdrop dilemma and selling nodes

Tabi is a typical large-scale public chain project, and it must follow this path. As we all know, Shanghai Stock Exchange now needs data to prove "PMF (Product Market Fit)", which is nothing more than:

• TVL

• Trading volume

• Number of real addresses

What exchanges want when listing coins is that you bring in new users/buyers. The data is just to give everyone an explanation, which leads to three problems:

Original title: Layer 2s as cultural extensions of Ethereum

Original article by: Vitalik Buterin

Original source: Vitalik Buterin

Compiled by: Lynn, Mars Finance

Special thanks to Abdelhamid Bakhta and Paul Dylan-Ennis for feedback and discussions.

In my recent post on the differences between layer 1 and layer 2 scaling, I ultimately concluded that the most important difference between the two approaches is not technical, but organizational (using a similar meaning to the field of "industrial organization"): it's not about what can be built, but about what will be built, because of how the boundaries between different parts of the ecosystem are drawn, and how that affects people's motivations and ability to act. In particular, ecosystems centered around layer 2 are inherently more diverse, and more naturally lead to a greater diversity of different approaches to scaling, virtual machine design, and other technical features.

Original title: Privacy, human rights, and Tornado Cash

Original author: Molly White

Original source: Citation Needed

Compiled by: Mars Finance, MK

Alexey Pertsev, one of the developers and operators of the Tornado Cash cryptocurrency mixing service, has been sentenced to 64 months (over 5 years) in prison in the Netherlands. The service he helped develop enabled criminals to launder billions of dollars in illicit funds linked to large-scale hacks, corporate ransomware operations, and pig slaughtering schemes perpetrated by sophisticated cybercrime gangs. As someone who has condemned abuses in the cryptocurrency industry, why am I so concerned about his conviction and the parallel case against two Tornado Cash co-founders in the United States?

Original title: GG

Original author: Matti

Original source: Wrong A Lot

Compiled by: Lucy, BlockBeats

Editor’s Note:

At present, the cryptocurrency industry is constantly emerging with new technologies and infrastructure, but many developers are more focused on how to attract venture capital rather than directly solving problems for users. Matti pointed out that the cryptocurrency field should prioritize simplifying technical complexity and launching more practical and useful application scenarios to attract more users, using Shopify as an example.

Matti believes that the complexity of the technology and immature infrastructure have hindered the adoption of mainstream users. Despite the huge amount of capital invested, many projects lack practical consumer-oriented use cases. At the same time, the premature involvement of institutions and traditional finance may bring risks and further exacerbate the speculation of the market. BlockBeats translated the original text as follows:

Original author: Liron Shapira

Original source: Twitter @liron

Compiled by Alex Liu, Foresight News

How did Farcaster, a crypto/Web3 mini-Twitter, raise $150M at a $1B valuation?

Dune Analytics shows Farcaster has 45,000 daily active users. This number is not outstanding, and it is not even worth mentioning in the social category. What's more, this number is even inflated by spam bots.

Evidence that Farcaster has ~5,000 DAU (Daily Active Users):

I think Farcaster’s DAU is between 50 and 5,000, not 45,000 as the Dune Analytics data shows.

Compiled by: Mars Finance

1. Today's News

1.   Base Protocol Director: When the Base ecosystem TVL exceeds 10 billion US dollars, I will shave my head

Jesse Pollak, head of the Base protocol, quoted an official Base tweet on the X platform and said that if users sign up for the Base ecosystem hackathon buildathon, they will receive a cool NFT. If participants help @base break through the $10 billion TVL, they will become a bald head.

2. Minister of the Eurasian Economic Commission: The Eurasian Economic Union is further promoting local currency settlement and considering using digital currency for settlement