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The American Chamber of Digital Commerce, a blockchain lobby group backed by firms including Goldman Sachs, Citigroup, Circle and Fidelity, has issued a call to action to Congress and the Senate to prioritize passage of a national approach to cryptocurrency regulation. The group added that it is asking Congress to organize a "Daylight Commission on Digital Assets and Blockchain Technology" to develop a "national strategic approach to digital assets and blockchain technology" in the United Sta...

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Data: US government seizes $5.6 billion worth of bitcoin, about 1.06% of circulating supply

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ether.fi has launched the first phase of the main network, mainly involving entrusted pledge

The non-custodial liquid staking platform ether.fi has launched the first phase of the mainnet, mainly involving delegated staking, and will soon launch a loyalty point membership program so that Early Adopter Program (EAP) participants can migrate their ETH. At present, ether.fi's smart contract review is about to be completed and will be released soon. At the same time, ether.fi will also incorporate confiscation insurance into the agreement through Nexus Mutual. Previously, on March 8...

ether.fi has launched the first phase of the main network, mainly involving entrusted pledge

The non-custodial liquid staking platform ether.fi has launched the first phase of the mainnet, mainly involving delegated staking, and will soon launch a loyalty point membership program so that Early Adopter Program (EAP) participants can migrate their ETH. At present, ether.fi's smart contract review is about to be completed and will be released soon. At the same time, ether.fi will also incorporate confiscation insurance into the agreement through Nexus Mutual. Previously, on March 8...

FTX has spent $86 million in bankruptcy so far, of which $67 million has been used to pay legal fees

FTX released the fourth in a series of interim financial updates on Friday, showing that FTX spent a total of $86 million through the end of March, according to court documents. According to the report, the vast majority of FTX’s spending ($67 million) was spent on legal fees. The company said it has $2 billion in cash and raised $48 million in proceeds from asset sales. But since the report is only up to the end of March, it does not include the $50 million it received from the sale of Ledge...

FTX has spent $86 million in bankruptcy so far, of which $67 million has been used to pay legal fees

FTX released the fourth in a series of interim financial updates on Friday, showing that FTX spent a total of $86 million through the end of March, according to court documents. According to the report, the vast majority of FTX’s spending ($67 million) was spent on legal fees. The company said it has $2 billion in cash and raised $48 million in proceeds from asset sales. But since the report is only up to the end of March, it does not include the $50 million it received from the sale of Ledge...

Ex-Celsius CEO has filed a defense motion against his securities fraud lawsuit

Celsius Network co-founder and former CEO Alex Mashinsky has filed a motion to defend against the securities fraud lawsuit against him. The suit alleges that Mashinsky committed securities fraud by making false and misleading statements to consumers about the safety of assets deposited with Celsius and that he was not registered as a securities or commodities dealer. Mashinsky responded by arguing that the crypto offerings offered by Celsius are neither securities nor commodities, and that th...

Ex-Celsius CEO has filed a defense motion against his securities fraud lawsuit

Celsius Network co-founder and former CEO Alex Mashinsky has filed a motion to defend against the securities fraud lawsuit against him. The suit alleges that Mashinsky committed securities fraud by making false and misleading statements to consumers about the safety of assets deposited with Celsius and that he was not registered as a securities or commodities dealer. Mashinsky responded by arguing that the crypto offerings offered by Celsius are neither securities nor commodities, and that th...

a16z Crypto urges UK to consider 'more nuanced' crypto regulatory framework

The U.K. is urged to consider a "more nuanced approach" to regulating digital assets. In a letter to the UK Treasury, the venture capital fund said: "A 'one size fits all' regulation of crypto asset trading would be inconsistent with the Treasury's core design principles of 'same risk, same regulatory outcome'". This was in response to a consultation paper first published by the British government in February this year. a16z Crypto said that both policymakers and regu...

a16z Crypto urges UK to consider 'more nuanced' crypto regulatory framework

The U.K. is urged to consider a "more nuanced approach" to regulating digital assets. In a letter to the UK Treasury, the venture capital fund said: "A 'one size fits all' regulation of crypto asset trading would be inconsistent with the Treasury's core design principles of 'same risk, same regulatory outcome'". This was in response to a consultation paper first published by the British government in February this year. a16z Crypto said that both policymakers and regu...

U.S. plans to open embassies in Tonga, other Pacific island nations

The Assistant Secretary of State for East Asian and Pacific Affairs of the US State Department, Conda, said on May 2 local time that the US plans to set up embassies in the Pacific island countries of Tonga, Kiribati and Vanuatu, and the embassy in Tonga will open later this month.

Ava Labs Founder Awarded $3M in Winning Cryptocurrency Defamation Suit

Ava Labs founder and CEO Emin Gün Sirer has won a defamation lawsuit against a cryptocurrency influencer and awarded him $3 million in damages. The lawsuit stems from claims by crypto KOL Emre Aksoy in a February 2021 YouTube video that Aksoy linked Sirer to an Islamist group the Turkish government has dubbed the Fethullah Terrorist Organization (FETO). Aksoy was described as a "marketing specialist" hired to promote products that competed with Ava Labs, the lawsuit said.

U.S. plans to open embassies in Tonga, other Pacific island nations

The Assistant Secretary of State for East Asian and Pacific Affairs of the US State Department, Conda, said on May 2 local time that the US plans to set up embassies in the Pacific island countries of Tonga, Kiribati and Vanuatu, and the embassy in Tonga will open later this month.

Ava Labs Founder Awarded $3M in Winning Cryptocurrency Defamation Suit

Ava Labs founder and CEO Emin Gün Sirer has won a defamation lawsuit against a cryptocurrency influencer and awarded him $3 million in damages. The lawsuit stems from claims by crypto KOL Emre Aksoy in a February 2021 YouTube video that Aksoy linked Sirer to an Islamist group the Turkish government has dubbed the Fethullah Terrorist Organization (FETO). Aksoy was described as a "marketing specialist" hired to promote products that competed with Ava Labs, the lawsuit said.

Key regions such as ASEAN and key enterprises such as central enterprises and municipal state-owned enterprises promote cross-border RMB settlement

Regarding the cross-border use of RMB, Liu Xingya, deputy director of the Shanghai Headquarters of the People's Bank of China, said at a press conference today that it is better to guide financial institutions to provide suitable cross-border financial services for enterprises and promote the innovation of RMB cross-border investment and financing business. To meet the cross-border investment and financing needs of enterprises. Promote key areas such as iron ore, oil and natural gas to b...

Key regions such as ASEAN and key enterprises such as central enterprises and municipal state-owned enterprises promote cross-border RMB settlement

Regarding the cross-border use of RMB, Liu Xingya, deputy director of the Shanghai Headquarters of the People's Bank of China, said at a press conference today that it is better to guide financial institutions to provide suitable cross-border financial services for enterprises and promote the innovation of RMB cross-border investment and financing business. To meet the cross-border investment and financing needs of enterprises. Promote key areas such as iron ore, oil and natural gas to b...

SushiSwap has launched V3 liquidity pools on 13 blockchain networks

Decentralized exchange SushiSwap launched a V3 liquidity pool on 13 blockchain networks on Thursday, aiming to increase cross-chain transaction volume and liquidity while reducing financial risks. Currently, the V3 liquidity pool supports networks such as Ethereum, Arbitrum, Polygon, BSC, and Avalanche. Alex Shefrin, head of business development at SushiSwap, said these liquidity pools will provide traders with greater flexibility and make the protocol’s incentive model “more effective.” Acco...

SushiSwap has launched V3 liquidity pools on 13 blockchain networks

Decentralized exchange SushiSwap launched a V3 liquidity pool on 13 blockchain networks on Thursday, aiming to increase cross-chain transaction volume and liquidity while reducing financial risks. Currently, the V3 liquidity pool supports networks such as Ethereum, Arbitrum, Polygon, BSC, and Avalanche. Alex Shefrin, head of business development at SushiSwap, said these liquidity pools will provide traders with greater flexibility and make the protocol’s incentive model “more effective.” Acco...

Aztec Announces It Will Launch a Hybrid zkRollup Network

Aztec, a privacy and expansion solution based on ZK-Rollup, announced that it will launch a hybrid zkRollup network, which will continue to use the name of Aztec, which is characterized by the ability to execute public and private smart contracts in one environment, which will help To expand the design choices of developers on the chain. Aztec also stated that the team is currently completing basic contract deployment and expects to establish a local testnet by the third quarter of 2023, whil...

Aztec Announces It Will Launch a Hybrid zkRollup Network

Aztec, a privacy and expansion solution based on ZK-Rollup, announced that it will launch a hybrid zkRollup network, which will continue to use the name of Aztec, which is characterized by the ability to execute public and private smart contracts in one environment, which will help To expand the design choices of developers on the chain. Aztec also stated that the team is currently completing basic contract deployment and expects to establish a local testnet by the third quarter of 2023, whil...

Cardano mainnet has launched Layer 2 expansion solution Hydra

Cardano's Layer 2 scaling solution Hydra has been launched on the mainnet. Cardano development team Input Output tweeted: “Hydra is a Layer 2 protocol designed to make Cardano more scalable and adaptable for a variety of use cases that require fast and cheap transactions. The first Hydra head recently Open on mainnet."

First Republic Bank office to reopen as JPMorgan branch

The Federal Deposit Insurance Corporation (FDIC) announced that 84 First Republic Bank offices in eight states will reopen today as affiliates of JPMorgan Chase. All depositors of the bank will become JPMorgan depositors and will have access to all of their deposits. Deposits will continue to be insured by the FDIC and customers will not need to change their banking relationship in order to retain their deposit insurance coverage up to the applicable limits. It is reported that the California...

In the first quarter, the country added 367.98 billion yuan in new tax cuts and fee reductions and tax refund delays

According to data released by the State Administration of Taxation on April 28, in the first quarter, the country added 367.98 billion yuan in new tax cuts and fee reductions and tax refund delays. The relevant person in charge of the State Administration of Taxation said that in the next step, the taxation department will continue to collect taxes and fees in accordance with laws and regulations, fully implement the preferential policies for detailed taxation and fees, and better play and ex...

Cardano mainnet has launched Layer 2 expansion solution Hydra

Cardano's Layer 2 scaling solution Hydra has been launched on the mainnet. Cardano development team Input Output tweeted: “Hydra is a Layer 2 protocol designed to make Cardano more scalable and adaptable for a variety of use cases that require fast and cheap transactions. The first Hydra head recently Open on mainnet."

First Republic Bank office to reopen as JPMorgan branch

The Federal Deposit Insurance Corporation (FDIC) announced that 84 First Republic Bank offices in eight states will reopen today as affiliates of JPMorgan Chase. All depositors of the bank will become JPMorgan depositors and will have access to all of their deposits. Deposits will continue to be insured by the FDIC and customers will not need to change their banking relationship in order to retain their deposit insurance coverage up to the applicable limits. It is reported that the California...

In the first quarter, the country added 367.98 billion yuan in new tax cuts and fee reductions and tax refund delays

According to data released by the State Administration of Taxation on April 28, in the first quarter, the country added 367.98 billion yuan in new tax cuts and fee reductions and tax refund delays. The relevant person in charge of the State Administration of Taxation said that in the next step, the taxation department will continue to collect taxes and fees in accordance with laws and regulations, fully implement the preferential policies for detailed taxation and fees, and better play and ex...