Evening News | Polygon co-founder hints that its zkEVM may have an airdrop; Tether: Q1 net profit of $1.48 billion, excess reserves reach $2.44 billion
Addresses with huge profits holding PEPE and LADYS have been blacklisted by the token contract deployer; Data: a certain MEV bot earned 34 million dollars in the past three months.Organizer: Grapefruit, ChainCatcher
"What important events have occurred in the past 24 hours"
1. Polygon co-founder hints at possible airdrop for its zkEVM
According to ChainCatcher, Polygon co-founder Sandeep Nailwal responded to a Twitter user stating, "The prosperity of Layer 2 is entirely based on airdrop expectations," saying: "Good things take time. The Polygon zkEVM ecosystem is preparing for a significant upgrade through key infrastructure deployments (such as security), the arrival of oracles (like Chainlink), improving user experience based on early developer feedback, optimizing costs using data compression, and more. If there's one thing you can't doubt about Polygon, it's adoption. Furthermore, there are no rules stating that existing tokens cannot undergo large-scale airdrops."
2. Justin Sun: Will participate in trading Meme Coins through personal public address, not financial advice
According to ChainCatcher, Justin Sun tweeted that he will actively participate in trading Meme Coins and promising projects through his public address, personally bearing all potential losses from these trades, and is willing to donate any profits earned to charity.
He reminded users that his investments do not constitute any financial advice and cannot guarantee that these projects will be listed on any exchanges, including Huobi and Poloniex. Trading Meme Coins is just for fun. (Source link)
3. Paraspace internal team supporting Yubo creates new Twitter account, claims original account is illegally controlled by advisors
According to ChainCatcher, the "ParaspaceOfficial" Twitter account was created less than an hour ago, stating: "ParaSpace NFT community, we are the core development team, currently operated by smart contract engineering lead @0xJC.
The current Paraspace Twitter account has been illegally controlled by the following advisors: Jay, Jenn Duong, and Thomas Schmidt. We condemn their false claims of an attempted takeover. Our core team of 30 engineers stands united in support of founder Yubo to protect the protocol and its users. In the next 4 hours, we will speak to the community with complete transparency."
Earlier, several KOLs warned that there were internal conflicts within the NFT lending protocol ParaSpace team and advised users to withdraw their investments as soon as possible. (Source link)
4. Addresses holding large profits from PEPE and LADYS blacklisted by token contract deployer
According to ChainCatcher, on-chain data shows that addresses with large profits from the Meme Coin projects PEPE and LADYS (0xaf2358…ddf54534) have been blacklisted by the respective token contract deployer, preventing them from selling to realize profits. The total value of PEPE and LADYS held by this address is nearly $8 million.
Previously, software engineer cygaar posted on social media that he discovered a blacklist feature in the PEPE contract that can prevent someone from receiving or sending PEPE. Addresses starting with "0xAf23" have been blacklisted by the PEPE contract deployer, permanently locking over 25 trillion PEPE owned by that address. This address purchased PEPE within hours of the Uniswap trading pair launch and was blacklisted 8 minutes after the purchase. No other addresses have been blacklisted. Since the ownership of the contract has been relinquished, the blacklist cannot be modified. The contract has a burn function but no further minting capability. PEPE held by blacklisted addresses can also be considered permanently locked. (Source link)
5. Tether: Q1 net profit of $1.48 billion, excess reserves reach $2.44 billion
According to ChainCatcher, Tether announced the completion of an audit conducted by independent accounting firm BDO Italia, revealing that Tether's net profit for the first quarter of 2023 reached $1.48 billion, more than doubling from the previous quarter, bringing its excess reserves to $2.44 billion, far exceeding the $960 million in Q4 2022.
Tether stated that as of May 9, Tether's total assets were at least $81.8 billion, with liabilities of $79.4 billion. Of the reserve assets, 85% are held in cash, cash equivalents, and other short-term deposits. The value of precious metals and Bitcoin accounts for approximately 4% and 2% of total reserves, respectively. (Source link)
6. Data: A certain MEV bot earned $34 million in the past three months
According to ChainCatcher, The Block reported that a report from MEV tracking site EigenPhi shows that the MEV bot deployed by jaredfromsubway.eth earned $34 million over three months.
Data indicates that the bot conducted a total of 238,000 attacks, affecting over 106,000 victims. It generated $40 million in revenue and paid $6 million in transaction fees. (Source link)
"What excellent articles are worth reading in the past 24 hours"
1. "Why has the veteran NFT Milady made a comeback?"
In the highly homogenized PFP NFT space, how did Milady turn around its reputation? A deep dive into the early "discoverers" of PEPE reveals that most are holders of Milady Maker. As an established PFP project, Milady once fell into a price trough due to the former CEO's racial and extremist views, but has since been rediscovered in value.
The success of BRC-20 owes part of its credit to UniSat. As the first mover, UniSat is one of the few projects that truly seized this rare opportunity. You could say that BRC's breakout was due to good luck coinciding with the "meme season," or you could argue that the hype around BRC cannot last long, but the returns UniSat has gained are real and substantial.
3. "TokenTable: The ultimate solution for Web3 founders to establish a reliable token equity structure"
Web3 founders face significant challenges in token management and distribution. As project development progresses, the mechanisms involved become increasingly complex, including SAFE and SAFT contracts, token incentive contracts, and various token unlocking schemes. Due to the inherent errors and inaccuracies of traditional tools like spreadsheets, maintaining an accurate and transparent token equity structure in a traditional manner is increasingly difficult. The demand for reliable and comprehensive solutions from founders is urgent. Here, EthSign is pleased to launch the public beta of TokenTable to assist every Web3 founder in making progress on their exciting entrepreneurial journey.
Recently, due to the wealth effect of the ordi token, a large influx of users has entered the Bitcoin network to trade BRC-20 tokens, leading to severe congestion on the Bitcoin chain and skyrocketing gas fees. Finding solutions to alleviate congestion on the Bitcoin chain and reduce gas fees has become a consensus among users participating in on-chain transactions.
Discussions about Bitcoin scalability are also increasing. So, what are the differences between Bitcoin's RGB, Lightning Network, and sidechain scalability methods? What are the representative applications? How should users participate?
