Daily Report | Vitalik: For an L2-centric ecosystem to succeed, it is necessary to understand and address challenges such as coordination; Boya Interactive releases Q1 performance report: holding 1,956 bitcoins and 15,222 ethers; PEPE's market value surpasses ICP, ranking 24th in the cryptocurrency market capitalization list
May 23 News OverviewOrganizer: Luan Peng, ChainCatcher
Important News:
- Multi-chain DAO infrastructure Dora Factory completes a new round of $10 million strategic financing, with participation from Nomad Capital and others
- Taiko co-founder: The lack of transparency in rules is because transparency cannot resolve disputes
- Insiders: SEC discusses S-1 filing with Ethereum ETF applicants
- Data: PEPE's market cap surpasses ICP, ranking 24th in cryptocurrency market cap
- Data: The trading volume of 6 Hong Kong virtual asset ETFs today is HKD 27.69 million
- Vitalik: For an L2-centric ecosystem to succeed, it must understand and address challenges like coordination
- Boyaa Interactive releases Q1 performance report: holding 1,956 bitcoins and 15,222 ethers
"What important events happened in the last 24 hours"
Vitalik: For an L2-centric ecosystem to succeed, it must understand and address challenges like coordination
Ethereum co-founder Vitalik Buterin stated that Layer 2 and sharding are often described in public discussions as two opposing strategies for blockchain scaling. However, when you delve into the underlying technology, a mystery emerges: the actual scaling methods are completely the same. Both have some form of data sharding, both have fraud proofs or ZK-SNARK proofs, and both have methods for resolving cross {rollup, shard} communication. The main difference lies in who is responsible for building and updating these components and how much autonomy they have.
Data: The trading volume of 6 Hong Kong virtual asset ETFs today is HKD 27.69 million
According to Hong Kong stock market data, as of the close, the trading volume of 6 Hong Kong virtual asset ETFs today was HKD 27.69 million, including: Huaxia Bitcoin ETF (3042.HK) with a trading volume of HKD 8.56 million; Huaxia Ether ETF (3046.HK) with a trading volume of HKD 8.05 million; Harvest Bitcoin ETF (3439.HK) with a trading volume of HKD 1.27 million; Harvest Ether ETF (3179.HK) with a trading volume of HKD 5.06 million; Bosera HashKey Bitcoin ETF (3008.HK) with a trading volume of HKD 3.24 million; Bosera HashKey Ether ETF (3009.HK) with a trading volume of HKD 1.51 million.
Insiders: JPMorgan plans to pay $100 million fine for violating CFTC trading reporting regulations
According to Reuters, insiders say that JPMorgan plans to pay a $100 million fine for violating the trading reporting regulations of the U.S. Commodity Futures Trading Commission (CFTC).
Multi-chain DAO infrastructure Dora Factory completes a new round of $10 million strategic financing, with participation from Nomad Capital and others
DAO-as-a-service infrastructure Dora Factory announced the completion of a new round of $10 million strategic financing, with participation from Nomad Capital, No Limit Holdings, Sky9 Capital, Singapore's UOB-Signum Blockchain Fund, Interop Ventures, and others. This financing will accelerate the adoption and strategic expansion of Dora Factory's decentralized governance and public goods funding technology stack.
Taiko co-founder: The lack of transparency in rules is because transparency cannot resolve disputes
Taiko co-founder Daniel Wang responded to previous tweets, stating that there is zero tolerance for any related abuse; Taiko is a partner of Galaxy, not an employee relationship, and the rankings on Galaxy are not a reference, with the weight of participation in Taiko-related activities on Galaxy being minimal; if one did not receive an airdrop, it is because others had higher scores; the lack of transparency in rules is because transparency cannot resolve disputes, and the definition of "fairness" is highly subjective.
Insiders: SEC discusses S-1 filing with Ethereum ETF applicants
According to The Block, insiders revealed that the U.S. Securities and Exchange Commission has discussed the S-1 registration statement with potential Ethereum ETF issuers. Although the revised 19b-4 form has been submitted, there has been almost no progress on the S-1 form so far.
Data: PEPE's market cap surpasses ICP, ranking 24th in cryptocurrency market cap
According to coingecko data, PEPE's market cap has exceeded $6.1 billion, surpassing ICP (with a market cap of approximately $5.966 billion), ranking 24th in the cryptocurrency market cap list.
Boyaa Interactive releases Q1 performance report: holding 1,956 bitcoins and 15,222 ethers
According to Boyaa Interactive (00434.HK)'s Q1 2024 performance report, it disclosed that it holds 1,956 bitcoins at an average cost of approximately $50,805 per coin; and 15,222 ethers at an average cost of approximately $2,756 per coin.
Hong Kong police arrest hundreds in crackdown on fraud and money laundering cases, with the largest virtual currency fraud case involving over HKD 20 million
According to Ming Pao, Hong Kong police launched an operation codenamed "Kongtop" in the Sham Shui Po district over the past two weeks to combat fraud and money laundering, arresting 100 people, most of whom were puppet account holders, involved in laundering criminal proceeds from 82 fraud cases, totaling HKD 180 million, with the largest virtual currency investment fraud case involving over HKD 20 million. It is reported that among those arrested, 3 men and 1 woman have been charged with obtaining property by deception and money laundering, and have appeared in the West Kowloon Magistrates' Court from the 7th to the 18th of this month, while the others have been granted bail pending trial, required to report to the police in June.
According to SoSoValue data, yesterday (Eastern Time May 22), Bitcoin spot ETFs saw a total net inflow of $154 million. Yesterday, Grayscale's ETF GBTC saw a net outflow of $16.0914 million, with a historical net outflow of $17.628 billion.
"What are the exciting articles worth reading in the last 24 hours"
Previously funded by Binance Labs with $10 million, a detailed article on Binance Megadrop's second phase LSDfi project Lista
On May 23, Binance announced that the second phase project of its token issuance platform Megadrop is Lista (LISTA), which is a liquid staking stablecoin LSDfi protocol within the BNB Chain ecosystem.
The total issuance of LISTA tokens is 1 billion, with an initial circulation of 230 million, and the issuance amount on the Megadrop platform is 100 million (accounting for 43% of the initial circulation), allowing users to participate in mining by locking BNB.
Since the controversy over "high FDV + low circulation," Binance adjusted its related listing policies, and Lista is the first project it chose to launch, attracting significant user attention.
Raising $150 million, how did Farcaster attract renowned VCs to invest?
Recently, the decentralized social product Farcaster completed a $150 million Series A funding round led by the established Web3 investment firm Paradigm, with participation from several well-known crypto capital firms including a16z crypto, Haun, USV, Variant, and Standard Crypto, at a valuation of $1 billion.
According to Rootdata's related page, this investment in Farcaster is also Paradigm's second bet in the SocialFI space after the seed round funding of friend.tech. This is also a16z's first investment in a decentralized social network.
According to Dune Analytics data, as of May 20, Farcaster's 7-day daily active users reached nearly 45,000, an increase of 30% since the peak of the Frames craze on February 11.
Dialogue with Farcaster co-founder: How should decentralized social media grow from 100,000 users to 1 billion users?
Farcaster co-founder Dan Romero announced on Wednesday that Farcaster completed a $150 million Series A funding round at a valuation of $1 billion, led by Paradigm, with participation from a16z Crypto, Haun Ventures, Union Square Ventures, Variant Fund, Standard Crypto, and others. Since becoming a permissionless social network in October 2023, Farcaster's paid registered users have reached 350,000, and network activity has increased 50-fold. This year, Farcaster will focus on growing daily active users and will add developer primitives such as channels and direct messaging to the protocol. Dan Romero stated, "In the coming years, we will double down on Farcaster's vision and truly develop it into an internet-scale protocol."
According to Dune Analytics data created by Pixelhack, as of May 20, Farcaster's daily active users reached nearly 45,000, a 30% increase compared to the activity surge caused by the launch of Frames (a feature that turns posts into interactive applications) on February 11. However, this figure is still far behind mainstream social media giants like Facebook, TikTok, and X (formerly Twitter).
Analysis report on 2 million airdrop addresses: only 25% of tokens rose after airdrop, widespread airdrops led to a 2-fold increase in sellers
Airdrops have become very common as part of token generation events (TGE), but research on them is relatively scarce. The mechanism is simple—distributing newly minted tokens to suitable wallets to help establish initial circulation, enable on-chain governance, promote transactions, reward early contributors, and potentially attract new users.
