Daily Report | All 34 felony charges against Trump have been established; SEC requires Ethereum spot ETF issuers to submit the first round of S-1 draft forms by Friday; Musk states he has never discussed cryptocurrency with Trump
May 31 News OverviewOrganizer: Fairy, ChainCatcher
Important News:
- Vitalik shares his views on the Bitcoin block size debate, supporting the "big block" side
- US SEC requires Ethereum spot ETF issuers to submit the first round of S-1 draft forms by Friday
- Trump found guilty, all 34 felony charges upheld
- Musk: Never discussed cryptocurrency with Trump
- Grayscale submits revised S-3 registration statement for Ethereum spot ETF
- Upbit to list BEAM, supporting KRW, BTC, USDT trading pairs
"What important events occurred in the past 24 hours"
Vitalik shares his views on the Bitcoin block size debate, supporting the "big block" side
After reading two books about the Bitcoin block size debate in the 2010s, "The Blocksize War" and "Hijacking Bitcoin," Vitalik published some of his thoughts on the matter. He stated that during his personal experience of the Bitcoin block size debate, he usually sided with the big block proponents.
Data: Grayscale allegedly commissioned Flow Traders to sell 5,812 ETH, possibly for Ethereum trust fund management fees
According to on-chain analyst Ai Yi's monitoring, Grayscale allegedly commissioned Flow Traders to sell 5,812 ETH (worth $21.75 million) two hours ago, possibly for Ethereum trust fund management fees. Grayscale charges a 2.5% management fee on ETHE, which, based on the current holdings of 2.97 million ETH, generates an annual yield of 74,000 ETH (approximately $280 million). Since July 2023, Grayscale has transferred 34,270 ETH to Flow Traders, worth $88.22 million.
US SEC requires Ethereum spot ETF issuers to submit the first round of S-1 draft forms by Friday
According to The Block, two insiders revealed that the SEC requires issuers to submit S-1 draft forms by Friday. After that, the SEC will provide the first round of feedback and ultimately make further modifications.
On the day the ETF was approved, VanEck immediately submitted a revised version of its S-1 form. On May 30, BlackRock followed suit, detailing that its ETF would use $10 million as seed capital. The details of the seed investment are relatively straightforward for issuers, indicating that other aspects of the form may take longer to resolve. They stated that the S-1 form is expected to go through at least two more rounds of draft submissions before it is ready.
Trump found guilty, all 34 felony charges upheld
According to Caixin, a jury in New York responsible for the "hush money" case against former President Trump ruled on May 30 that all 34 felony charges of falsifying business records against him were upheld. New York prosecutors accused Trump of commissioning Cohen to pay $130,000 in hush money to adult film star Daniels (real name Stephanie Clifford) during his 2016 presidential campaign to prevent her from claiming that a scandal involving an affair with Trump in 2006 would affect the election.
Trump subsequently falsified business records to reimburse Cohen in installments under the guise of "legal fees" to cover up his violations of New York state and federal election laws. According to previous reports, the jury had to reach a unanimous decision in this case.
Musk: Never discussed cryptocurrency with Trump
Musk clarified on social media that he has never discussed cryptocurrency with Trump.
Musk stated that while he generally supports transferring power from the government to the people, cryptocurrency can achieve this.
Upbit to list BEAM, supporting KRW, BTC, USDT trading pairs
According to official news, South Korean crypto exchange Upbit will list BEAM, supporting KRW, BTC, USDT trading pairs.
Data: Over $300 million worth of BTC transferred
According to Whale Alert's monitoring, around 12:12 PM Beijing time, 4,502 BTC (worth $308,948,771) were transferred from an unknown wallet to a new unknown wallet.
Web3 gaming platform TRALA raises a total of $5 million in funding, with participation from Matter Labs, Animoca Brands, and others
According to Chainwire, Web3 gaming platform TRALA has raised a total of $5 million through multiple funding rounds, with investors including Matter Labs, Animoca Brands, Gate Labs, and 14 other global investment institutions.
Ethereum L2 network Mint Blockchain completes $5 million seed round financing, with participation from Jsquare and others
According to PR Newswire, the Ethereum L2 network Mint Blockchain, focused on the NFT space, has completed a $5 million seed round financing, with investors including Jsquare, SNZ Capital, Antalpha Ventures, Mask Network, BlockAI Ventures, Predator Capital, GoPlus, Whitelist Ventures, PANONY Group, and individual investors such as Victor, founder of Smart Token Labs, and Mike, founder of GoPlus. This round of financing will be used for global market branding and NFT infrastructure development for Mint Blockchain.
Grayscale submits revised S-3 registration statement for Ethereum spot ETF
According to The Block, one day after BlackRock submitted its revised S-1 statement, Grayscale submitted a revised S-3 registration statement on Thursday, with more revised registration statements expected to follow. Grayscale discussed the regulatory treatment of Ethereum in its latest filing.
The updated document includes new key points about how much Ethereum is needed to create a basket of stocks. The latest document states: "As of May 28, 2024, the amount of Ethereum required to create a basket of 100 shares is approximately 0.94552590, while after the revised trust agreement takes effect, the amount of Ethereum required to create a basket of 10,000 shares is 94.552590."
US presidential candidate Kennedy purchased 21 BTC during his campaign, supporting cryptocurrency as a medium of exchange
According to CoinDesk, US presidential candidate Robert F. Kennedy Jr. shared his views on Trump's guilty verdict and cryptocurrency at the 2024 Consensus Conference.
Kennedy stated that he would focus on economic and health issues and would not discuss lawsuits against Trump or Biden. Regarding Trump's support for cryptocurrency, Kennedy said it is a good thing for the US. Commitment to cryptocurrency is a commitment to freedom and transparency. He hopes President Biden will take a similar stance. Kennedy pointed out the need to ensure that the US remains a center for blockchain technology while ensuring that cryptocurrency is regulated to protect consumers from fraud.
He revealed that he purchased 21 BTC during his campaign and bought three BTC for each of his children. Kennedy also pledged that his campaign goal is to make cryptocurrency a medium of exchange and that it should not be subject to capital gains tax.
Aevo: Team re-locks 15% of token supply until the end of 2024, current circulating supply is about 85%
Aevo stated on social media that it has just updated data on CoinGecko and CoinMarketCap, and after the recent token unlock, Aevo's circulating supply is now about 85%. The team has re-locked 15% until the end of 2024. By the end of 2024, Aevo's circulating supply will reach 100%.
"What are the noteworthy articles to read in the past 24 hours"
Those hunted by LayerZero: We are the "tools" creating false prosperity on-chain
In addition to daily airdrop hunting, A Ge's other work focus during this time has been writing appeal forms—over 200 accounts and more than 100 premium accounts from his studio have all been deemed witch accounts by LayerZero. "To increase the chances of a successful appeal, the team used ChatGPT to write the appeals, filling in different reasons for each account and even using different languages. The core idea is 'I am a real user,'" A Ge told ChainCatcher.
Hua Jie also filled out the appeal form as required by LayerZero, declaring that her "airdrop" account is personal and not a witch account from the studio.
Previously, 20 accounts that Hua Jie had worked hard on for half a year were deemed witch accounts by the project party, becoming targets in LayerZero's grand "witch hunt." "I intended to hunt airdrops to get rich, but who knew it would lead to loss," Hua Jie said with a bitter smile to ChainCatcher.
Exploration Conference｜Full transcript of US presidential candidate Kennedy's press conference at Consensus
US presidential candidate Robert F. Kennedy Jr. attended the Consensus conference held in Austin on May 30 and engaged in in-depth exchanges with reporters during the media Q&A session before his public speech, sharing his insights and views on cryptocurrency, debt crisis response strategies, clean energy, and more. A summary of these questions and answers has been compiled to convey his statements and views during the event.
Trump found guilty on all 34 felony charges, does he still have a chance to return to the White House?
Donald Trump has been found guilty of all 34 felony charges of falsifying business records in a Manhattan criminal trial, becoming the first former president in US history to be convicted. This introduces an explosive and unpredictable new variable into the 2024 US presidential election.
Trump has faced two impeachments and countless other scandals, yet he still leads Biden in most polls.
