U.S. Republican lawmakers led by Senator Tommy Tuberville want the U.S. Department of Justice (DOJ) and the U.S. Securities and Exchange Commission (SEC) to investigate digital asset company Prometheum. Last month, Prometheum co-CEO Aaron Kaplan testified as a Democratic witness at a House Financial Services Committee hearing on crypto legislation. During the hearing, Republican lawmakers questioned Kaplan about Prometheum's business operations, including the Chinese investment. Now they...

U.S. Republican lawmakers led by Senator Tommy Tuberville want the U.S. Department of Justice (DOJ) and the U.S. Securities and Exchange Commission (SEC) to investigate digital asset company Prometheum. Last month, Prometheum co-CEO Aaron Kaplan testified as a Democratic witness at a House Financial Services Committee hearing on crypto legislation. During the hearing, Republican lawmakers questioned Kaplan about Prometheum's business operations, including the Chinese investment. Now they...

The Financial Services Commission of Korea issued a revised draft of the Code of Conduct for Public Officials, requiring employees related to virtual asset responsibilities not to use relevant undisclosed information to invest when performing their responsibilities, and requiring internal employees to report details of virtual asset holdings. The object of the report is civil servants who are currently engaged in duties related to virtual assets and employees who have engaged in such duties i...

The Financial Services Commission of Korea issued a revised draft of the Code of Conduct for Public Officials, requiring employees related to virtual asset responsibilities not to use relevant undisclosed information to invest when performing their responsibilities, and requiring internal employees to report details of virtual asset holdings. The object of the report is civil servants who are currently engaged in duties related to virtual assets and employees who have engaged in such duties i...

Web3 input method TypeIt announced a strategic cooperation with the decentralized data network Soully, enabling TypeIt to use Soully's decentralized data storage service and integrate DID, or decentralized identity service, so that users will be able to manage their own identity information and data. In addition, Soully will also serve as a community node in TypeIt Indonesia to accelerate TypeIt's multilingual market layout. TypeIt is the world's first Web3 input method. User i...

Web3 input method TypeIt announced a strategic cooperation with the decentralized data network Soully, enabling TypeIt to use Soully's decentralized data storage service and integrate DID, or decentralized identity service, so that users will be able to manage their own identity information and data. In addition, Soully will also serve as a community node in TypeIt Indonesia to accelerate TypeIt's multilingual market layout. TypeIt is the world's first Web3 input method. User i...

Yves La Rose, founder and CEO of the EOS Network Foundation, said on Twitter that the team is paying close attention to the vulnerability of the Multichain bridge; as of now, this vulnerability does not affect EOS users, and user funds are safe. As a precaution, if users use Multichain's EOS EVM bridge, please revoke permissions to ensure security.

Yves La Rose, founder and CEO of the EOS Network Foundation, said on Twitter that the team is paying close attention to the vulnerability of the Multichain bridge; as of now, this vulnerability does not affect EOS users, and user funds are safe. As a precaution, if users use Multichain's EOS EVM bridge, please revoke permissions to ensure security.

Meta officially launched its standalone social app, Threads, in the US on Wednesday, an app aimed directly at Twitter. Analysts said the app would use some of Instagram's infrastructure and allow people to log in with their own Instagram accounts, a move that could help it quickly gain followers. Hayes, vice president of products for Ins, said: "This is an area that Twitter has entered and led for a while, but our point of view is that this is an opportunity, and people are looking for m...

Meta officially launched its standalone social app, Threads, in the US on Wednesday, an app aimed directly at Twitter. Analysts said the app would use some of Instagram's infrastructure and allow people to log in with their own Instagram accounts, a move that could help it quickly gain followers. Hayes, vice president of products for Ins, said: "This is an area that Twitter has entered and led for a while, but our point of view is that this is an opportunity, and people are looking for m...

From July 3rd to July 7th, the Web3 ecosystem suffered a loss of $128,419,000 due to security issues, including Encryption AI, AzukiDao, NFT Trader, MIKE & SID, Bryan Pellegrino, Aptos Foundation, Multichain, and CivFund. Among them, Multichain was attacked and lost $126 million, and Encryption AI lost $2 million. The AzukiDao contract vulnerability was exploited, and the attacker made a profit of $68,000.

From July 3rd to July 7th, the Web3 ecosystem suffered a loss of $128,419,000 due to security issues, including Encryption AI, AzukiDao, NFT Trader, MIKE & SID, Bryan Pellegrino, Aptos Foundation, Multichain, and CivFund. Among them, Multichain was attacked and lost $126 million, and Encryption AI lost $2 million. The AzukiDao contract vulnerability was exploited, and the attacker made a profit of $68,000.

Since crypto lender Voyager reopened withdrawals on June 23, more than $229 million has been transferred out of the platform. Multiple wallets currently marked as Voyager still hold $196 million in tokens, including $74 million in BTC, $52 million in ETH, 32 million in USDC, $15 million in SHIB, and $7 million in VGX. In previous news, Voyager opened its withdrawal service to customers for a month, and Voyager's property controlled nearly $413 million in cryptocurrencies the day before i...

Since crypto lender Voyager reopened withdrawals on June 23, more than $229 million has been transferred out of the platform. Multiple wallets currently marked as Voyager still hold $196 million in tokens, including $74 million in BTC, $52 million in ETH, 32 million in USDC, $15 million in SHIB, and $7 million in VGX. In previous news, Voyager opened its withdrawal service to customers for a month, and Voyager's property controlled nearly $413 million in cryptocurrencies the day before i...

Crypto KOL Julian Traversa tweeted that the Disocrd channel of the DeFi project Fei Protocol has been taken over by the San Francisco Superior Court. According to a filing in San Francisco Superior Court, Fei Labs faces a class action lawsuit alleging that it failed to sell FEI and TRIBE tokens during the "Genesis Event" from March 31, 2021 to April 3, 2021. Comply with the registration requirements of the securities laws. The parties have reached a settlement and a $17.85 million settlement ...

Crypto KOL Julian Traversa tweeted that the Disocrd channel of the DeFi project Fei Protocol has been taken over by the San Francisco Superior Court. According to a filing in San Francisco Superior Court, Fei Labs faces a class action lawsuit alleging that it failed to sell FEI and TRIBE tokens during the "Genesis Event" from March 31, 2021 to April 3, 2021. Comply with the registration requirements of the securities laws. The parties have reached a settlement and a $17.85 million settlement ...

DeFi risk management company Gauntlet once again launched a vote on the lending agreement Aave to adjust the risk posed by Curve founder Michael Egorov's $65 million loan. Gauntlet said: “Although the previous AIP proposal failed, Gauntlet still recommends freezing CRV and setting CRV LTV to 0.” The preliminary snapshot voting for this proposal is expected to end on July 8. Gauntlet proposed last month that the Aave DAO freeze Curve tokens and set the Curve loan-to-value ratio on Aave v2...

DeFi risk management company Gauntlet once again launched a vote on the lending agreement Aave to adjust the risk posed by Curve founder Michael Egorov's $65 million loan. Gauntlet said: “Although the previous AIP proposal failed, Gauntlet still recommends freezing CRV and setting CRV LTV to 0.” The preliminary snapshot voting for this proposal is expected to end on July 8. Gauntlet proposed last month that the Aave DAO freeze Curve tokens and set the Curve loan-to-value ratio on Aave v2...

Jay Clayton, former chairman of the US SEC, recently shared his views on the changing regulatory environment for Bitcoin ETFs in an interview with CNBC, highlighting the significant changes in market attitudes towards cryptocurrencies he has witnessed since he took office. “It’s an offshore retail market that’s completely different from what I would call the core of our financial markets,” Clayton said of bitcoin’s early days. He noted that he was initially skeptical of the bitcoin market due...

Jay Clayton, former chairman of the US SEC, recently shared his views on the changing regulatory environment for Bitcoin ETFs in an interview with CNBC, highlighting the significant changes in market attitudes towards cryptocurrencies he has witnessed since he took office. “It’s an offshore retail market that’s completely different from what I would call the core of our financial markets,” Clayton said of bitcoin’s early days. He noted that he was initially skeptical of the bitcoin market due...

Ethereum founder Vitalik Buterin said on Twitter Space this week, "If we want Bitcoin to be more than just a payment method, it needs a scaling solution like Plasma or ZK Rollup. Both of which are already on Ethereum tested". He also stated that Optimism and Arbitrum are two successful rollups that can serve as case studies for Bitcoin. Buterin also tried to find commonalities between the two ecosystems of Ethereum and Bitcoin. He pointed out that both blockchains have immutability, while the...

Ethereum founder Vitalik Buterin said on Twitter Space this week, "If we want Bitcoin to be more than just a payment method, it needs a scaling solution like Plasma or ZK Rollup. Both of which are already on Ethereum tested". He also stated that Optimism and Arbitrum are two successful rollups that can serve as case studies for Bitcoin. Buterin also tried to find commonalities between the two ecosystems of Ethereum and Bitcoin. He pointed out that both blockchains have immutability, while the...

The DeFi liquidity protocol Balancer released a proposal called the "8020 Initiative", which aims to solve the problem of lack of DeFi liquidity by creating a dual-asset pool composed of governance tokens and chain base tokens or liquid stablecoins. Balancer says this structure will allow holders to participate in protocol governance while also providing liquidity to decentralized exchanges. Currently, multiple protocols including Radiant, Aave, Alchemix, Y2K Finance, OATH Finance, Paraswap, ...

The DeFi liquidity protocol Balancer released a proposal called the "8020 Initiative", which aims to solve the problem of lack of DeFi liquidity by creating a dual-asset pool composed of governance tokens and chain base tokens or liquid stablecoins. Balancer says this structure will allow holders to participate in protocol governance while also providing liquidity to decentralized exchanges. Currently, multiple protocols including Radiant, Aave, Alchemix, Y2K Finance, OATH Finance, Paraswap, ...