Daily Report | Kenyan police have dropped the investigation into Worldcoin; miners' Bitcoin balances have fallen to the lowest level in 14 years; Binance will launch LISTA 1-50x U-based perpetual contracts on June 20 at 20:30
June 20 News OverviewOrganizer: Luan Peng, ChainCatcher
Important News:
- Vitalik: Synchronous Atomic Composability is Overrated
- Argentinian President: Currency will Compete Freely, There Will Be No Problem Using Bitcoin
- Bloomberg ETF Analyst: Hashdex's Application for BTC and ETH Dual ETF Could Add Other Cryptocurrencies
- CertiK: All Held Funds Have Been Returned, but the Total Amount Differs from Kraken's Request
- Indian Financial Intelligence Unit Fines Binance $2.2 Million
- Singapore Government Report: Banks Become High-Risk Areas in Money Laundering Activities Due to Financial Attributes and Service Characteristics
- IntoTheBlock: Large Profits Concentrated in Large Cap and Meme Coins, Over 83% of ETH Holders Have Made a Profit
- Kenyan Police Have Abandoned Investigation into Worldcoin
"What Important Events Happened in the Last 24 Hours"
Vitalik: Synchronous Atomic Composability is Overrated
Ethereum co-founder Vitalik Buterin stated on social media that, in his opinion, synchronous atomic composability is overrated. For example, think about some specific cross-L2 things you are doing or envisioning; they could be more seamless.
Argentinian President: Currency will Compete Freely, There Will Be No Problem Using Bitcoin
According to Bitcoin Magazine, Argentinian President Javier Milei stated, "Currency will compete freely, so if you want to use Bitcoin, there will be no problem."
According to DLNews, Bloomberg industry research ETF analyst James Seyffart stated that Hashdex's application for a BTC and ETH dual ETF is "very meaningful." If the U.S. SEC decides to approve it, the terms included in the application will also allow Hashdex to add other cryptocurrencies to the fund in the future, turning it into a crypto index. Hashdex reportedly already has DeFi index funds, Web3 index funds, and metaverse index funds, each containing at least a dozen cryptocurrencies. According to relevant procedures, the SEC must respond to this dual fund application by March 2025.
CertiK: All Held Funds Have Been Returned, but the Total Amount Differs from Kraken's Request
CertiK announced a series of Q&As regarding the CertiK-Kraken white hat incident on the X platform, stating that no assets of real Kraken users were directly involved in the research activities. In communications with Kraken (via email and video conference), CertiK consistently assured them that funds would be returned. All currently held funds have been returned, but the total amount differs from Kraken's request. CertiK refunded based on its own records. CertiK disclosed the details of the vulnerabilities to Kraken and received a fix within 47 minutes. After testing, CertiK promptly notified Kraken through various means and sent a detailed report. CertiK did not participate in Kraken's bounty program and did not mention any bounty requests, focusing instead on ensuring the issues were resolved. Additionally, CertiK stated that multiple large-scale tests were conducted to test the limits of Kraken's protection and risk control. After several days of testing and nearly three million dollars worth of cryptocurrency, no alarms were triggered, and they still could not figure out the limits.
Indian Financial Intelligence Unit Fines Binance $2.2 Million
According to CoinDesk, the Indian Financial Intelligence Unit has fined Binance $2.2 million for failing to comply with anti-money laundering regulations. In January 2024, Binance and several other offshore cryptocurrency exchanges were issued a notice of reason by Indian authorities for "illegal operations" and were subsequently expelled from India. Binance, along with KuCoin, became the first offshore crypto-related entities approved by the Indian Financial Intelligence Unit (FIU) in May, but on the condition that they pay the fine after a hearing with the FIU.
According to Bloomberg, the Singapore government released a 126-page report on Thursday that deeply assesses the money laundering risks faced by the country. The report points out that while attracting global super-rich individuals and building an international financial wealth center, Singapore also faces severe anti-money laundering challenges. This situation makes Singapore vulnerable to being used as a channel for laundering overseas financial fraud and other criminal funds.
According to IntoTheBlock, Bitcoin remains dominant, with over 89% of holders in profit. Ethereum follows closely, performing strongly, and the introduction of Ethereum ETFs could drive it to new highs. Meme coins also performed well, with a significant proportion of holders in profit among top meme coins. This indicates that large profits are concentrated in large cap and meme coins, while other altcoins are still waiting for a breakthrough moment.
Kenyan Police Have Abandoned Investigation into Worldcoin
According to Cointelegraph, the Kenyan police have abandoned their investigation into Worldcoin, according to an official statement from the National Police Service's Criminal Investigation Department (DCI). The statement, dated June 14, 2024, responded to a request from Worldcoin's lawyers for an update on the investigation status submitted in May 2024. According to the DCI, the Kenyan prosecution department agreed and ordered the case against Worldcoin to be closed, and the police need not take further action. The agency stated, "The DCI swiftly and objectively investigated a series of allegations regarding Worldcoin's activities in Kenya in March 2022, which involved illegal collection and transfer of personal sensitive data."
Data: Miners' Bitcoin Balances Drop to Lowest Level in 14 Years
According to Cointelegraph, data from IntoTheBlock shows that the number of Bitcoins held by miners has dropped to the lowest level in 14 years. As of June 19, miners' reserves fell to 1.9 million Bitcoins, down from 1.95 million at the beginning of the year. According to Lucas Outumuro, research director at IntoTheBlock, as the pressure from Bitcoin halving affects miners' profit margins, it is expected that miners will gradually reduce their Bitcoin holdings, making them more likely to sell their reserves.
Binance to Launch LISTA 1-50x U-Margined Perpetual Contracts on June 20 at 20:30
According to an official announcement, Binance will launch LISTA 1-50x U-margined perpetual contracts on June 20, 2024, at 20:30 (UTC+8).
"What Exciting Articles Are Worth Reading in the Last 24 Hours"
CertiK "Confronts" Kraken: What is the Right Measure for White Hat Hackers?
On June 19, local time in the U.S., cryptocurrency exchange Kraken and blockchain security company CertiK publicly confronted each other over a series of serious security vulnerabilities.
The incident originated from a vulnerability discovered by CertiK on Kraken: Kraken's Chief Security Officer Nick Percoco disclosed on Twitter that he received an "extremely serious" vulnerability report in its bug bounty program, claiming to have found a vulnerability that could artificially inflate account balances. CertiK referred to it as a security test of the Kraken exchange, while Kraken believed CertiK was profiting from exploiting the vulnerability. Both sides held their ground, leading to a large public spectacle.
Inflow to Cryptocurrency Gaming Farms, A Boon for Filipinos?
Recently, about 20 people crowded into the second floor of a newly opened internet café in Quezon City, 10 miles from Manila. They sat in front of computers equipped with 34-inch curved monitors, starting to play games like "Heroes of Mavia" and "Nifty Island," with music from Taylor Swift and Maroon 5 playing in the background.
Playing these games can become a full-time job, and some of Bon's customers have settled in, munching on pizza to recharge. These games reward players with cryptocurrency for completing daily small challenges. Typically, players exchange their tokens for the country's currency, the peso, earning about twice the daily minimum wage of $11 in the Philippines.
Upcoming Launch, What is the Reasonable Price for LayerZero (ZRO)?
Risk Warning: The following content is a compilation of market opinions and does not constitute investment advice. For more specific information, please DYOR.
Let's talk about what you are most concerned about. At what price will $ZRO be released, and what is the value of your $ZRO airdrop allocation?
Here are my views on LayerZero's airdrop allocation, price prediction, and listing trading plans.
From Theory to Practice: Can Based Rollup Achieve L1 Sorting-Driven Rollup Solutions?
Ethereum works by having each node store and execute every transaction submitted by users. To scale the entire network, Ethereum has adopted Rollup solutions. Simply put, it moves most transaction processing off-chain (L2), thereby reducing the burden on the Ethereum mainnet (L1) and lowering transaction fees. That is, Rollup = a set of smart contracts on L1 + network nodes on L2, which are on-chain smart contracts and off-chain aggregators. Its own settlement, consensus, and data availability rely on Ethereum itself, only responsible for executing transactions. The L2 network nodes consist of multiple parts, the most important of which is the sorter, but currently, Rollup sorters face centralization issues.
Time is Wealth: Quick Read on Time Tokenization Application time.fun on Base
This week, another SocialFi application, time.fun, has emerged on Base, attracting the attention of industry builders and KOLs such as @tier10k, wallstreetbets, Helius CEO @0xMert_, icebergy, and The Block CEO Larry Cermak since its launch.
So, how does this application, which tokenizes time in minutes, work? Is there a plan to release tokens? What will its future development prospects be? This article will introduce and discuss these questions.
