Organizer: Luan Peng, ChainCatcher

Important News:

• Data: The trading volume of 6 Hong Kong virtual asset ETFs today is HKD 45.34 million
• The prototype of MEME coin DOGE, KABOSU, has passed away
• RootData: In the past 24 hours, ETH net inflow to CEX exceeded USD 116 million, ranking first in the inflow list
• Insiders: Musk's xAI will complete a new round of financing in June, with a post-financing valuation possibly exceeding USD 24 billion
• Lista tokenomics disclosed: total supply of 1 billion, airdrop accounts for 10%
• ZK hardware startup Cysic completes USD 12 million pre-A round financing, led by HashKey Capital and OKX Ventures
• BlackRock's Ethereum spot ETF has been listed on the DTCC website

"What important events happened in the past 24 hours"

RootData: In the past 24 hours, ETH net inflow to CEX exceeded USD 116 million, ranking first in the inflow list

According to data from the Web3 asset data platform RootData, in the past 24 hours, ETH net inflow to CEX reached USD 116 million, ranking first in the 24-hour inflow list of cryptocurrencies. ETH has increased by 28% in the past 7 days, currently priced at USD 3,798.29.

ZK hardware startup Cysic completes USD 12 million pre-A round financing, led by HashKey Capital and OKX Ventures

According to CoinDesk, zero-knowledge (ZK) hardware startup Cysic announced the completion of USD 12 million in pre-A round financing, led by HashKey Capital and OKX Ventures. The new funds will be used to accelerate the generation of ZK proofs in a faster, more cost-effective, user-friendly, and decentralized manner.

Insiders: Musk's xAI will complete a new round of financing in June, with a post-financing valuation possibly exceeding USD 24 billion

According to Bloomberg, citing insiders, Musk's artificial intelligence company xAI will complete a round of financing in June, with a post-financing valuation possibly exceeding USD 24 billion.

The prototype of MEME coin DOGE, KABOSU, has passed away

According to a post from KABOSU's owner, the prototype of MEME coin DOGE, KABOSU, has passed away. A farewell party will be held for her on May 26.

Data: The trading volume of 6 Hong Kong virtual asset ETFs today is HKD 45.34 million

According to Hong Kong stock market data, as of the market close, the trading volume of 6 Hong Kong virtual asset ETFs today was HKD 45.34 million, an increase of 63.7% compared to yesterday. Among them: the trading volume of Huaxia Bitcoin ETF (3042.HK) was HKD 15.17 million; Huaxia Ethereum ETF (3046.HK) was HKD 8.59 million; Harvest Bitcoin ETF (3439.HK) was HKD 6.85 million; Harvest Ethereum ETF (3179.HK) was HKD 9.23 million; Bosera HashKey Bitcoin ETF (3008.HK) was HKD 1.72 million; Bosera HashKey Ethereum ETF (3009.HK) was HKD 3.78 million.

LayerZero co-founder: "Hunters" can receive 10% of the original airdrop share of "witches" they report, with the remaining 90% allocated to other qualified users

LayerZero co-founder and CEO Bryan Pellegrino stated on social media that in the "Witch Hunt Bounty" event, "hunters" can receive 10% of the original airdrop share of the "witch" addresses they report, with the remaining 90% returned to qualified addresses. Additionally, if the tokens that the witch address was originally supposed to receive are 0, then the bounty hunter will also receive 0.

BlackRock's Ethereum spot ETF has been listed on the DTCC website

According to WatcherGuru, BlackRock's Ethereum spot ETF has been listed on the DTCC website, with the code ETHA. It is reported that listing on the DTCC website is a "standard process" in preparation for launching a new ETF, and this move does not indicate that the ETF has received any regulatory approval or other approval results.

Goldman Sachs expects the Federal Reserve to start cutting interest rates in September

Goldman Sachs expects the Federal Reserve to start cutting interest rates in September, with the previous prediction being in July.

Data: Ethereum staking rate has reached 27.15%, Lido's market share is 28.54%

According to data from Dune Analytics, the total amount of ETH staked on the Ethereum Beacon Chain has reached 32,540,181 ETH, accounting for 27.15% of the total supply. Among them, the staking share of the liquid staking protocol Lido is 28.54%. Additionally, since the Shanghai upgrade, there has been a net inflow of 14,374,191 ETH.

Data: Bitcoin spot ETF had a total net inflow of USD 108 million yesterday, continuing a 9-day net inflow

According to SoSoValue data, yesterday (Eastern Time May 23), the total net inflow of Bitcoin spot ETFs was USD 108 million. Yesterday, Grayscale's ETF GBTC had a net outflow of USD 13.72 million, with a historical net outflow of USD 17.641 billion.

"What are the exciting articles worth reading in the past 24 hours"

The US SEC finally "gives the green light," Ethereum spot ETF successfully passes!

Around 5 AM Beijing time on May 24, the U.S. Securities and Exchange Commission approved the 19b-4 forms of 8 spot Ethereum ETFs, with the eight issuers being Grayscale, Bitwise, iShares, VanEck, ARK & 21Shares, Invesco & Galaxy, Fidelity, and Franklin.

Everyone has been waiting for this historic moment, and the SEC's official website crashed multiple times.

Previously reported, on Tuesday, the SEC requested exchanges to expedite the update of the 19b-4 applications, and within the next two days, all eight companies, except Hashdex, submitted the final revised 19b-4 forms before the deadline. Additionally, the S-1 documents (the prospectus documents of potential issuers) will be approved after the 19b-4, at which point each Ethereum spot ETF can prepare for listing.

Furthermore, it is expected that the scale of Ethereum ETFs will be smaller than Bitcoin ETFs at least initially. For example, Grayscale Ethereum Trust currently has about USD 11 billion in assets, which is much smaller than the size of the Bitcoin fund before the company's conversion.

ChainCatcher and HTX co-host "Web3 Future Night," gathering Web3 elites in Vietnam to focus on new trends in crypto

With the booming development of global blockchain technology, Web3 is gradually becoming a new driving force for technological innovation. In this global technological wave, Vietnam, as a rising star in the Asian emerging market, is rapidly emerging as a key player in the Web3 industry. Looking ahead to the new year, Vietnam's role in Web3 technological innovation and crypto compliance is becoming increasingly prominent.

To accelerate the development of Web3 in Vietnam and build a platform for in-depth communication, the well-known Web3 media ChainCatcher, in collaboration with Huobi HTX, is co-hosting the "Web3 Future Night" event. This event will be grandly held in Ho Chi Minh City, Vietnam, during the GM Vietnam 2024 conference. The event will attract Vietnam's most influential KOLs, passionate community members, talented developers in the crypto industry, and visionary project founders to gather together to discuss and envision the future development of Web3.

From internet celebrity dog to crypto legend: Shiba Inu Kabosu and the MEME culture it leads

With crossed front legs, a tilted cute face, and those determined eyes… this is the "Doge," the meme star that has swept the globe for over a decade. On May 24, the star dog "Doge" prototype Shiba Inu Kabosu—19-year-old Shiba Inu Kabosu left this world in her owner's embrace.

For many cryptocurrency enthusiasts, they may not be familiar with the name "Kabosu," but the shadow of Dogecoin must have appeared in their crypto wallets to some extent.

Beyond the cryptocurrency world, Doge has long been a legendary internet celebrity dog.

The Ethereum Foundation has no dreams

In the past few days, the reversal news regarding Ethereum ETFs seems to have completely changed the market's judgment on its fundamentals, with analysts who previously sang its demise turning 180 degrees in attitude within a day. With the official approval of the ETF, ETH nearly broke the USD 4000 mark this morning, but behind the price surge, the Ethereum Foundation has reached a crossroads.

Since last year's Black Mountain EDCON, dissatisfaction with the Ethereum Foundation has begun to manifest in the industry. This organization seems to have entered a midlife crisis, struggling with issues of structure, efficiency, and culture, and its decline has become evident with the resurgence of Solana. As ETH officially becomes a global asset, the Ethereum Foundation appears to have become the biggest burden in this ecosystem.

Not all crypto AI projects are nonsense; how to identify real scenarios and false demands?

Navigating the intersection of crypto and artificial intelligence.

In the search for new alpha information, we inevitably encounter some junk information. When a project can quickly raise five to six figures with just a half-clear introduction and some decent branding, speculators will seize every new narrative. As traditional finance joins the AI trend, the "crypto AI" narrative exacerbates this issue.