Evening News | Damus will be removed from the Apple App Store; approximately 50 days until Litecoin halving

Organizer: Biscuit, ChainCatcher

"What Important Events Happened in the Last 24 Hours"

1. U.S. Congress Members Submit Bill to Remove SEC Chair Gary Gensler

According to Fox News, two Republican members of the U.S. House of Representatives have submitted a bill to restructure the SEC and remove SEC Chair Gary Gensler.

Republican lawmakers stated that Gensler "has been allowed a series of abuses under the current SEC structure," and legislative action is needed to protect U.S. capital markets from the overreach of the SEC Chair, ensuring that protective measures align with market best interests in the coming years. "Now is the time for real reform and to fire SEC Chair Gary Gensler."

The bill proposes redistributing the Chair's powers to other commissioners, adding a sixth commissioner to the agency, and establishing an executive director position to oversee daily operations. Additionally, it prohibits any party from holding more than three seats in the agency, implementing a structure similar to the Federal Election Commission (FEC).

Furthermore, according to Fortune magazine, SEC Chair Gary Gensler stated in 2018 at a cryptocurrency-themed institutional investor event hosted by Bloomberg and Fidelity that "Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH) are not securities." (Source link)

2. Damus to Be Removed from Apple App Store Due to Apple Not Allowing Zaps Feature

The open social application Damus, based on the Nostr protocol, tweeted that it will be removed from the Apple App Store within 14 days, as Apple stated that the zaps feature is not allowed on their platform because zaps "may" be used by content creators to sell digital content.

Damus's zaps feature allows users to post and earn Bitcoin or receive Bitcoin tips for posts. Damus stated that if people cannot freely conduct P2P transactions on their platform, it will have a significant impact on the entire application ecosystem with Lightning Network integration and v4v. (Source link)

3. Data: 50 Days Until Litecoin Halving

According to Tokenview data, there are 50 days until the Litecoin (LTC) halving in 2023. The halving is expected to occur on August 3, 2023, when the block reward will decrease from 12.5 LTC to 6.25 LTC. (Source link)

4. Haru Invest: Office Continues Operations, "Rug Pull Controversy" Not True

Digital asset management platform Haru Invest tweeted that "the Haru Invest office is continuing operations, and the so-called 'Rug Pull controversy' mentioned in some articles is completely untrue. Haru Invest is doing its best to conduct a real-time investigation and response to the situation and will make every effort to protect investors."

Previously, according to Korean media reports, Haru Invest CEO Hyung-soo Lee stated, "We believe that pausing deposits and withdrawals may pose risks to our employees, so we switched to working from home and closed the office to protect its assets." (Source link)

5. Binance.US Hires Four Lawyers Including Former Co-Director of SEC Enforcement for Defense

According to Bloomberg, Binance.US has hired four lawyers from the law firm Milbank LLP, including George Canellos, the former co-director of the SEC's enforcement division, to defend against U.S. allegations of operating an illegal securities exchange. George Canellos is currently the global head of litigation and arbitration at Milbank and previously oversaw about 1,300 lawyers at the SEC. Before that, he was the head of the major crimes unit at the U.S. Attorney's Office for the Southern District of New York, and the other three lawyers also have experience handling criminal cases and bankruptcies. (Source link)

6. Polygon Launches Polygon 2.0 Based on ZK Technology, Involving Upgrades in Protocol Architecture, Token Economics, and More

Polygon announced the launch of Polygon 2.0 as a set of upgrades aimed at becoming a unified network composed of L2 chains powered by ZK technology to establish the "value layer" of the internet, allowing users to "create, exchange, and program value." This involves upgrades in protocol architecture, token economics, and governance to provide scalability and unified liquidity through ZK technology.

Polygon will detail each component of Polygon 2.0 in the coming weeks, discussing topics such as the future of the Polygon PoS chain, the utility and evolution of the Polygon token, and the transition to greater community governance of the protocol and treasury, along with a roadmap. (Source link)

7. Former ChainNews Editor Liu Feng and Others Launch Blockchain Industry Blog crypto4.wtf

Former ChainNews editor Liu Feng, Orange Paper founder Li Yang, and Wang Hanyang, the host of "Let's Chat Later," have established a blog and newsletter about the broader blockchain industry called "crypto4.wtf." The blockchain industry is still in an early stage, where everyone has their own thoughts and imaginations; there is also much foundational knowledge yet to be disseminated. crypto4.wtf serves as a hub for people and their ideas.

The founders of crypto4.wtf also include: Yi Xuan, PainCompiler (Xu Huan), Raina, Lu Yao, Mingshi, Wang Chao, Tang Han, Shim, former ChainNews research director Pan Zhixiong, and Bai Yu. (Source link)

8. TrueUSD: Working to Restore TUSD Minting on Prime Trust

The U.S. dollar stablecoin TrueUSD tweeted that the team is working to restore TUSD minting on Prime Trust and will provide updates as new developments arise.

Previously, TrueUSD announced that it had temporarily halted TUSD minting through Prime Trust pending further notice. (Source link)

9. Sei Network to Reopen Sei Bridge Testing Activity

Layer 1 public chain Sei Network will reopen the Sei Bridge testing activity and has added some new changes. The activity aims to test the Sei Bridge across various networks and collect user feedback after testing.

Previous report, on May 31, Sei Network launched the first Sei Bridge testing activity. (Source link)

"What Interesting Articles Are Worth Reading in the Last 24 Hours"

1. "Dialogue with Bankless Co-Founder David: The Growth of Bankless, Network States, and Ethereum"

In a restaurant in Zuzalu, Montenegro, TechFlow reporter Shenchao had a conversation with David Hoffman, co-founder of Bankless and initiator of BanklessDAO. This dialogue covered David Hoffman's journey in founding Bankless, investment strategies, views on network states versus nation-states, the current research direction of the Ethereum Foundation, and even his guide to a healthier lifestyle.

2. "Pledging Nearly $190 Million in CRV, Is Curve Founder 'Cash Out' or 'Holding Back'?"

On-chain data shows that due to the recent drop in CRV prices, Curve founder Michael Egorov once again deposited 38 million CRV (worth $24.5 million) into Aave yesterday to reduce his lending liquidation risk. This article provides a brief overview of how much CRV the Curve founder has currently pledged in Aave, how much he borrowed, where he spent it, and what potential impacts it may have on the market.

3. "Web3 Game Monthly Report: Growth is Traceable, but Dilemmas Remain"

Currently, there are still very few quality games that can operate long-term without relying on hype. However, truly good games are built on fun, a large base of supporters, and lasting appeal, rather than chasing short-term profits. The data in this report comes from Footprint Analytics' GameFi Research page, which provides an easy-to-use dashboard containing the most critical data metrics to understand the GameFi industry, updated in real-time.